Kazera Global Share Discussion Threads

[al101uk] 22/7/2024 00:38

Management were put in by Align when GC and friends were ousted.

But besides that, yes, recycle the assets to pump another company and RTO this one to start all over again.

Align arranged Kazeras primary assets and had close ties to the previous owners.

[penrith] 19/7/2024 18:24

Apparently, according to the LSE board a raise is not possible so that avenue appears to be closed.

[tigerbythetail] 17/7/2024 21:45

Thanks for digging up my old posts, Penrith. Always appreciated.
Yes, I said that the trickery Dead Duck was suggesting was libellous - unless proved true, of course. Truth is always the ultimate defence in court, as long as you can prove it!
And, to be honest, I didn't think anybody would be so reckless and stupid as to file multiple RNSs which later turned out to be - at the least - highly misleading. Mea culpa - I was wrong about that.
I'm writing to the FCA to see if they are interested in investigating. I know their limitations, but I hope they do. Much will depend on whether Catalyse / Align traded KZG shares aside from their deal with AMS.
FWIW, I don't think that DDR got the precise details of the transaction right. It looks to me like Align (purely on paper) "loaned" the money needed to "buy" the KZG shares to AMS, and now the 6 month term of the loan has expired without the loan being "repaid", Align have now seized the security underlying the loan (the KZG shares). Needless to say, this is not how serious people do business!
On a separate note, KZG's existing authority to issue new shares expires tomorrow, I believe. Cash must be incredibly short by now, so what happens next?

[penrith] 17/7/2024 12:20

Dead duck resources commented at the time ....29.9% exchanged hands at a supposed premium ('1.5p' put option concluded says Mr Prem Premraj, CEO of the opaque Singapore SPV taking the shares)Both acquirer and company gain advantage by overstating the price paid as it inflates perceived market value. The share agreement could have been the lower of 1.5p or VWAPwhich also gives seller an incentive to fluff up the reported price to help the VWAP.Seen it before and the opaqueness behind the acquirer implies a dodgy background imho. .....I supported him at the time referring to them as Shysters...The venomous responses we received from the rampers who shall remain anonymous was...DeadDuckResources - your posts are not only absurd but likely libellous, so you might wish to delete them. You are openly accusing Align, AMS, and their brokers etc. of forming a criminal conspiracy to deceive the market. Have you got proof to back that ridiculous accusation up?Yes, I thought not. You'd better hope that nobody directly involved reads these boards......Hi DeadDuckResources - I know the law in this field and you clearly don't. Honestly held opinion isn't libel, a direct accusation of criminality (which you made) very much is. (Unless you can prove it is factually correct, of course, which I very doubt you can!).Anyway, the best of luck to you. But I think pretty much everything you write is worthless cheap cynicism seasoned with a grudge so I'll ignore your posts from here on......After that treatment it's not surprising we haven't heard DDR. again.From a shareholders point of view I think we should at least have a comment from our company, better still a formal update as we must now be on the verge of running out of funds. Sent from Yahoo Mail for iPhone

[al101uk] 17/7/2024 11:46

Starting to smell like the deal cooked up over at Ironveld, Align get involved just as some White Knight enters the scene with an incredible funding deal, only for that deal to fall flat months later. It's not identical, but what do they say: "history doesn't repeat, but it certainly rhymes"

[al101uk] 17/7/2024 11:31

I might be repeating what was already discussed, but...

There is an AMS in Africa that is a large mining services company and a subsidiary of a listed company. That's not who bought KZG shares.

A company called Loxley Holdings PTE. LTD. registered at 33 Ubi Avenue 3, in Singapore changed it's name at some point to African Mineral Sands despite the companies purpose being registered as: "WHOLESALE TRADE OF A VARIETY OF GOODS WITHOUT A DOMINANT PRODUCT".

If you look up the address on google maps, it's a shopping block called Vertex with a number of businesses including a gym, Bathroom & Kitchen shop and a furniture shop. I'd guess there is an accountancy firm somewhere in that building that can be used as the primary address for business registration purposes.

hxxps://www.streetdirectory.com/asia_travel/travel/travel_id_33692/travel_site_143468/images/

Unfortunately most of the details around the company are locked behind a paywall.

[al101uk] 17/7/2024 11:04

Cross posted Tiger, in answer to your question... Yes.

I've gone back to looking at AMS to try and get a clues, we have a name now.

[jonesy100] 17/7/2024 11:02

Extraordinary and baffling. The time lag from the original market notifications is worrying

[al101uk] 17/7/2024 11:02

GBCol,

Cheers, I just pulled my number from the original RNS.

AMS share sale confirmed now, all looks very fishy to me.

"Unable to honor their obligations"... what does that mean, AMS bought 29.9% of the company, Catalyse no longer had a stake, the deal was done between Catalyse and AMS months ago... what obligations did AMS have to anyone?

There was talk back when the deal was done that the 1.5p was a manufactured price, I never really understood how that worked, but it certainly looks like there was more going on behind the scenes than two private parties transacting in KZG shares. The tweet posted above appears to confirm that.

[tigerbythetail] 17/7/2024 10:38

Does anybody else consider this tale of AMS to amount to market manipulation?
We were told that AMS had bought 29% of KZG at 1.5p per share via a number of RNSs. This affected the price; maybe not as much as the rampers themselves hoped, but there is a clear bounce in the share price in January.
Now we are told that the sale did not complete and it was never "real".
Surely this should be of interest to the FCA?

[nicosevos] 17/7/2024 08:26

Align Research@AlignResearch

17m

Peeps will have noticed our holding RNS in Kazera Global #KZG. African Mineral Sands/Mr Premraj proved a "straw man" unable to honor their obligations. Prepare for KZG's resurrection now we are back as largest shldr. Massive value to unlock in our view. Debtor of $9m, HMS about





Kazera Global PLC@KazeraGlobalInv

18h
Learn All About Our South African Heavy Mineral Sands & Diamonds Operations in our latest article 👇

#KZG #HMS #Diamonds

[gbcol] 17/7/2024 07:28

AMS had 280 million shares (29.9%) as per RNS of 4/1/24.

[al101uk] 16/7/2024 23:53

The number of shares doesn't match up, 250 million vs 280 million, they RNS'ed that AMS owned 250 million shares in December 2023 and reflected that in the Shareholder Information page on their website in January. They have owned the shares for over seven months! I'm not sure how you can reverse out of a deal at that point.

Over 50% of the other shares are owned via Nominee accounts, so I can't see where else the shares could have come from... no way they were bought in the open market.

It's utterly bizarre, I don't know if the shares did come from a reversal of the AMS deal, maybe AMS wanted out and Catalyse facilitated that at a price they agreed. I guess we'll find out tomorrow.

If it was forced why would Catalyse buy an extra 30 million shares?

Maybe a cheap takeout, having seen how Align have worked in the past it wouldn't surprise me if they have a buyer for the assets.

[harvd] 16/7/2024 20:39

Looks like Align are a little more pro active with non payers than our board!! Maybe they see the value in taking back the shares rather than having sold them at 1.5p?

[drradcliffe] 15/7/2024 19:59

Because what is showing as sales (below theoretical mid price) are actually buys. This stock is a bet on near term diamond sales and permit being awarded soon. If both happen, then share price = 2p or more.

[jackruss2] 15/7/2024 14:24

Odd behaviourWhy have we had 4.5 million in sells and it's gone up 6%?

[nicosevos] 10/7/2024 14:31

Metalhead@Metalhead2525

#KZG This one has required a good dose of patience but it really does look like we are right on the brink of the company being transformed into a profitable producer. Shares still available close to all time lows. Big opportunity in my view.

[tigerbythetail] 04/7/2024 11:45

I'd love to know what African Mineral Sands make of all this!
Surely they're not going to let KZG issue new equity at this price when they paid 1.5p per share for their 29%? But it's fairly obvious that Hebei aren't going to pay up, and KZG must be nearly out of cash by now.
18th July is only two weeks away. So I make it any "good news" will be followed fairly quickly by a low-ball placing.
I suppose it's also worth mentioning that "natural" diamond prices are still grinding downwards, under long-term pressure from lab-grown ones. (See Ziminsky Rough Diamond Index). Has technology rendered them obsolete?

[wrtmf] 04/7/2024 08:13

watch those autumn 2022 interviews again, then compare to reality

[tigerbythetail] 27/6/2024 11:13

Hi al101uk!
Yes, I too noted the new comment about the high levels or radioactivity of the sands, even in the ground. It makes me doubt the frankness of some of DE's previous comments on this subject.
I think your overall surmise may be correct - certainly DE's "good question" answer to the question "what are you going to produce?" was bizarre.
It should also be noted that the existing authority to issue shares is due to expire soon. From the AGM RNS:
"The Board had proposed resolutions 8 and 9 (new authority to issue shares) as it considered the flexibility afforded by these authorities to be in the best interests of the Company without requiring the Company to conduct an additional general meeting. The principal shareholder objecting to the resolutions has been consulted and their position is understood.
The Company's existing authority to allot equity securities as passed at the Annual General Meeting of the Company held on 26 April 2023 remains in full force and effect until 18 July 2024."
In short, a raise sometime in the next three weeks, possibly preceded by diamond news?

[drradcliffe] 26/6/2024 21:41

But they also have engaged a consultant (who is an ex senior employee at NAR) to get the approval through. I agree the thing about the specialist equipment is a bit bizarre. Who cares...