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KZG Kazera Global Plc

0.375
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Kazera Global Plc LSE:KZG London Ordinary Share GB00B830HW33 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.375 0.35 0.40 0.375 0.375 0.38 939,296 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec 55k 6.71M 0.0072 0.51 3.47M
Kazera Global Plc is listed in the Miscellaneous Metal Ores sector of the London Stock Exchange with ticker KZG. The last closing price for Kazera Global was 0.38p. Over the last year, Kazera Global shares have traded in a share price range of 0.375p to 1.125p.

Kazera Global currently has 936,599,523 shares in issue. The market capitalisation of Kazera Global is £3.47 million. Kazera Global has a price to earnings ratio (PE ratio) of 0.51.

Kazera Global Share Discussion Threads

Showing 1801 to 1824 of 1825 messages
Chat Pages: 73  72  71  70  69  68  67  66  65  64  63  62  Older
DateSubjectAuthorDiscuss
27/2/2024
11:00
C&P KZG BB LSE

panda1


RE: AMS26 Feb 2024 14:26

A placing is very unlikely.

The AGM has only just been held and the standard dilution resolutions were not passed so there's no headroom to issue shares.

AMS will clearly not allow fresh equity to be issued at such a low share price after it recently bought a strategic stake at 1.5p

nicosevos
27/2/2024
09:52
Not really, I'm still holding here.
Essentially:
1. KZG are still owned $8m by the Chinese for Aftan - a lot more than KZG's current market cap. This situation will resolve somehow - either the Chinese will pay all or most of the money, or KZG will factor the debt, or sell the mine to a third party. IMO, the most likely outcome is that the Chinese go through with the deal; they are still spending money on the neighbouring Arcadia tenements. But this will be in their own sweet time, so patience is needed.
2. Sooner or later KZG will obtain the licence required for handling radioactive materials and I'd expect HMS production to begin more or less the next day. Again patience may be required in the interim - South African elections are nearing and this may paralyse the bureaucracy for a while.
3. I still don't expect an equity raise. I'm sure DE is under intense pressure from AMS to avoid one.
As for smaller, less important matters:
1. Al101uk is jumping to conclusions. Yes, the majority of the diamonds have been mined from Alexkor's area, but around 20% remain. That is not the same as the diamond mining is "becoming non-commercial". I'm expecting news that diamond mining has restarted in the next few weeks; though this "good news" should be tempered by the recognition that the diamond mining is inherently small-scale in nature.
2. Just to make clear (again), Vast Mineral Sands has no connection with the notorious Vast Resources, bar the coincidence of the name. If anybody has information otherwise, please publish here!
The share price here was roughly double what it was two months ago, and nothing has really changed since then. The share price has dropped on low volume - it's just AIM doing its thing.
Best of luck to all who are trying to pick the exact bottom here. I'm one of you!

tigerbythetail
27/2/2024
00:01
I couldn't work out why VAST, who had a 5 year contract over the area and had applied for HMS rights, would give it up when they were so close to a deal with Tectonic, but thinking about it the value Tectonic offered was to fund the project to positive cashflow.

VAST had done some work around HMS and knew the diamond operation well. Could it be that when they discovered issues around HMS and knowing the diamond mining was quickly becoming non-comercial, instead of applying for further licenses, they just gave up the acerage. Tectonic effectively got it for free and the rest is history.

VAST have taken legal action against Alexkor over other acerage where there has been disagreement since, but there seems to be no such isue here. They just gave up the contract afaik.

al101uk
26/2/2024
23:00
The background raised red flags when I did some digging a while back. Could it be that
some Align shares were held by Jennings 'on trust' for the recent majority shareholder
at the time of the Tectonic deal, and last year's off-market transfer at a premium was
a transfer of the trust shares at a deemed price? Dennis Edmonds entered stage left at
the time of the deal, so also in the mix as a stooge rather than a genuine mining CEO.

dead duck resources
26/2/2024
22:34
July 2017

Vast Mineral Sands applies for a Heavy Mineral Sands Concession

"Only the western coastal portion of the area, where diamond mining and prospecting has taken place over the last ~80 years, is to be prospected. The inland portion of the area, which is relatively undisturbed, has been excluded from the target area due to environmental concerns"

Prospecting was to take place over the next 5 years.

hxxps://sahris.sahra.org.za/sites/default/files/heritagereports/Alexkor%20HM%20Sand%20Prospecting%20VAST.pdf

It appears that VAST became both the HMS mining rights holder and the concession holder for the diamond mining operation for Alexkor. It was agreed that Alexkor would process the diamonds for sale.

June 2018

Align are brought in to initiate coverage of Tectonic Gold. Share price is 2p, target is 7.6p.

Tectonic describe themselves as "a specialist gold exploration company"

Late 2018

Tectonic Gold begins due diligence on VAST Mineral Sands in order to generate quick cashflow to fund their gold exploration projects. Primarily they look at taking a share in the diamond mining operation. This turns out to somewhat eerily echo what happens later with Kazera.

February 2019

Tectocic Gold buys a 50% Economic Interest in the Diamond Mining Concession from Vast Mineral Sands for $650K. It's unclear, but this appears to include both the diamond mining concession and the HMS rights.

hxxps://a44887a5-5755-4d77-98af-6d88a80ffcad.usrfiles.com/ugd/a44887_e4845a98ccd64f3c85d7d4288c7e7205.pdf

March 2019

Diamond mining commenced at the concession with 900+ carats per month forecast after second stage development.

May 2019

Tectonic Gold plans to take 100% control of the Diamond Mining Concession

hxxps://a44887a5-5755-4d77-98af-6d88a80ffcad.usrfiles.com/ugd/a44887_69106eb9fe474a4781759828a0b178e4.pdf

Sept 2019

Tectonic Gold are offered the direct minining contract for the diamond mining project and so does not follow through on the long term contract with VAST.

hxxps://a44887a5-5755-4d77-98af-6d88a80ffcad.usrfiles.com/ugd/a44887_f1c324f63fb047a8aa618f9499a68218.pdf

As of June 2019 Tectonic had a market capitalisation of £4 million and net assets of £2.5 million.

Dec 2019

Tectonic SA secures an interim contract to be the prime diamond mining contractor with final contract expected in March 2020.

Tectonic Gold then announce the sale of the diamond Mining concession to a "private investor" retaining a 10% econopmic interest.

"Tectonic will retain a non-diluting 10% interest in Tectonic SA alongside the 26% holding of Black Economic Empowerment (“BEE”) partner. The new investor will hold a 64% interest and fully fund all future project development."

"The terms of the acquisition include a £100,000 payment in cash to Tectonic Gold on completion."

At this stage Tectonic is suspended from the AQSE Growth Market as it delays it's full year results until after the completion of the sale. Align would later report:

"With market sentiment turning against junior exploration companies creating a difficulty environment to raise further exploration funds, the company looked to secure a production ready project to generate cash flows and avoid further diluting shareholders."

hxxps://a44887a5-5755-4d77-98af-6d88a80ffcad.usrfiles.com/ugd/a44887_114a7215462343deb8ae65f585d61a5c.pdf

June 2020

Tectonic South Africa is rebranded to Deep Blue Minerals and the diamond mining operation is sold to Kazera under the same terms as above (as reported by Tectonic Gold). Tectonic Gold incorporate a new company, Whale Head Minerals, and apply for HMS mining rights which Kazera commit to buying at a future date with Tectonic retaining a 10% interest. Taking over Whale Head Minerals involves also taking on $500k of liabilities.

The funds for this purchase are raised via a placing of shares with Richard Jennings of Align, he also recieves 1 for 2 options exercisable at 1p.

The corporate advisor for Tectonic resigns.

Tectonic publishes their results a day after the resignation and presumably relists soon after having recapitalised through the sale of it's assets to Kazera.

August 2020 - Align publish their first note on Kazera Global singing the praises of the new acquisition and setting a target price of 2.5p with a current price of 0.7p.

"Near term production and revenue generation has begun at a secured untouched mining block of beach and marine gravels at the well-known diamond operation at Alexkor in South Africa. This state-controlled mining area has produced 10 million carats of gem quality diamonds since 1928."

The price rockets over the coming months to 2p+, more than enough for Align to vest their options.

May 2021

Wale Head Minerals submit their application for HMS mining.

The Walviskop target fell within Alexkor’s diamond Mining Rights, it was proposed that Diamond Mining and HMS mining should take place at the same time with shared processing resources. An interesting comment from the mining application:

"Whale Head Minerals requires economic growth and job creation as a means for improved social wellbeing. The project will provide long-term employment opportunities at the Mine and the project could therefore benefit the local and regional communities and economy. The diamond deposits at Alexkor are a depleting resource spelling a bleak prospect for the Richtersveld community and Northern Cape at large as was demonstrated in large job losses during the last two decades at Alexkor and neighbouring mines."

hxxps://sahris.sahra.org.za/cases/proposed-mining-application-whale-head-minerals-portion-remainder-farm-1-port-nolloth

Sept 2021

Kazera buy controlling stake (60%) of Whale Head Minerals from Tectonic Hold for $250K. Tectonic retain 10%, BBE take the rest. It's reported that the two HMS opportunitites are Port Nolloth and Alexander Bay. Presumably $500K of liabilities were also inherited as previously published.

Seems to me Align rescued their stake in Tectonic gold while profiting from the "new opportunity" offered to Kazera. Richard Jennings got to play benifactor to the company while shareholders were fleeced without full information on what had just actually happened.

Is the Diamond and HMS opportunity actually worth what was paid? Or has it been an all but dead asset since 2017? I'll repeat the Whale Head Minerals mining applicaiton to give a possible answer:

"The diamond deposits at Alexkor are a depleting resource spelling a bleak prospect for the Richtersveld community."

Meanwhile Larry was saying:

"Cash flows from diamond production are expected within 12 months of completion of the Acquisition. The process will be simple on beach multi mesh separation before diamond gravels are directed to the Alexkor recovery plant."

al101uk
26/2/2024
22:31
The subject of Align came up on the Ironveld forum recently which lead me to do some research here, where he eventually ousted management. I started this primarily as an exercise to see who came out best in the Richard Jennings vs Giles Clark battle.

Anyway, I ended up down a rabbit hole that I thought might be worth sharing here.

It's going to be a long one, so I'm posting this seperate little intro first. It provides a lot of the history of Kazeras HMS and Diamond assets and asks some awkward questions around who really benefited from the purchase.

I've provided links where I can, there were tons more that I haven't referenced, but mostly RNS's from Tectonic and Kazera.

al101uk
26/2/2024
17:47
I don't think there's a nasty smell anymore than there is for any other microcap AIM exploration company. There's a seller who's decided to drip feed their stock into the market and it doesn't take much to move the price down. There are also a decent quantity of bargain hunters willing to buy the stock too. Dennis is pretty open about how things are going, but clearly it is all very small scale at the moment. The prospect of significant share price growth from here is very real. Buy at the bottom when others are fearful applies now. I have a small position.
drradcliffe
26/2/2024
17:12
Nasty smell around this.
yohoho
26/2/2024
15:47
I see the low share price as an opportunity provided by a weak market rather than something to be alarmed about.The company has guided that it expects to announce material news this quarter so there's still over a month left
sclper
26/2/2024
11:07
Current market cap 3.9 million.
Chinese would find it cheaper to buy the Company than the mine.....
I think the Chinese have the company by the tail....

penrith
21/2/2024
17:59
The last time I looked in it was suggested they needed cash at the end of this quarter
so with a month to go perhaps they've got the begging bowl out?

dead duck resources
21/2/2024
15:44
well that drop is very unwelcome. What is going on here?!
gb904150
16/2/2024
00:30
PPS I suppose another big risk is moving operations from Namibia (the company only had Namibia when I was last a holder) to South Africa. Regrettably SA now seems to be a highly corrupt and politically/bureaucratically paralysed country.
cyberbub
15/2/2024
23:58
PS is the $300k/month gross profits from Whale Head the total and Kazera only get 60% of that? That would be a lot less attractive...
cyberbub
15/2/2024
23:49
Right then. The company say that the project at Walviskop will bring in only $300k per month gross profit = $3.6M per year or approx £3M. But the last results show an admin cost of £1.5M. So that's £1.5M pre-tax profit (assuming all further capex is paid for by the Aftan money, which is risky as the Chinese payment is delinquent). Put it on a typical p/e for a mining company of 8 and that makes £12M market cap (no debt and assume little cash). That makes a share price of about 1.2p.On the downside risk, there may be some unexpected final costs or technical hiccups. The arrangement at Deep Blue seems very complex and it's not clear how profitable it will be, if at all initially... could it be an albatross?On the upside, the remaining 50% of the Chinese payment will hopefully turn up eventually and is a substantial amount of cash given the market cap. If it doesn't, Kazera still retains ownership of the mine - assuming that Namibian courts are willing and able to support Kazera if it comes to that. And of course there is the potential for expansion of the operations. And the AMS investment seems very positive.Does anybody know why Kazera recognised the full net cash payment from Aftan in their June 2023 accounts, when less than half had been received?Thanks for any tips or comments from holders. I did actually hold some Kazera several years ago but sold out at a loss. It's always amazing how long it takes to actually get any mining operation going!
cyberbub
15/2/2024
23:07
Don't forget the Put Option was struck when the share price was nearer 1p, still a significant premium of course, but it was clearly struck for volume and, if upwards of 1.5p value was seen by AMS then, it can only be even greater now by buying in the market. Having taken the max 29.9% at 1.5p, AMS can't do that without triggering a bid. A singular opportunity for others though for all the reasons outlined above.

Not sure if you were looking for an answer to your last question cyberbub but, no, they're not. Completely new investor and, to me, that adds substantially to that bit of this story.

outspan
15/2/2024
21:47
AMS did pay way over the going rate it seems, although probably they would have had to, to get the volume they wanted. They're not a related party in a cosy transaction are they?
cyberbub
15/2/2024
19:13
... also KZG have zero debt
... zero to minimal liabilities
... enough cash in the bank for the time being
... and with the their largest shareholder AMS buying in at 1.5p, I doubt they will allow any placings at these levels
... certainly not until the share price is much higher, and not to the bucket shop spivs!

red rook
15/2/2024
08:31
I've been keeping an eye on this for a while and decided to take a position whilst it's quiet. The share price/market cap looks ridiculously low especially given the recent purchase of 30% of the company at 1.5p per share. The buyers look like experienced operators and must have good reason to pay such a premium. There should be plenty of newsflow in the coming weeks so wanted to get in prior to this as it is illiquid and could move up quickly on positive news. Now Align has sold out it clears the way for a significant re-rate as there shouldn't be any big sellers to stand in the way
sclper
14/2/2024
15:39
... with their plant at their flagship HMS project planned to start operating immediately on receival of National Nuclear Regulator permit anticipated Q1 2024.... with their Deep Blue Minerals diamond project planned to start at end of this month or early march... with the completion of the sale of Company's interest in African Tantalum (Pty) Ltd in Namibia ("Aftan") either to Hebei, who has already stumped up $4.8m with $8m still remaining ... OR ... put for sale to a new buyer for a reduced $8m, which would still give Hebei a chance to hurry up and stump up the remainder owed !.... then I think kzg must be worth a punt at these levels, although nothing is certain on aim!.... progress in any one of the above and there should be sizable re-rate.... and for shareholders another important fact is kzg's strategic investor AMS, now holding 29.9%, happy to pay 1.5p/share only recently to increase their holding ... shows confidence in future progress
red rook
14/2/2024
15:04
... the 1m+ trade is mine and its a buy
red rook
13/2/2024
20:35
The target date for the Permit has been published in RNS and also Final Results and is on the website - "...It is not uncommon for HMS to contain radioactive elements and the Company has applied for and is awaiting the necessary Permit from the National Nuclear Regulator. It is anticipated that authorisation will be granted during the first quarter of the 2024 calendar year..."

With reference to the vehicles, definitely concerning but he did say a few years ago and that the army is there now.

I think you've misunderstood the other reference to paint pots, it wasn't connected to the 150 vehicles. He had moved on from that and had been talking about how useless it has been trying to get diamonds successfully processed through the Alexkor Muisvlak plant and went on to talk about the new plant Kazera has ordered and now had delivered to site. Once commissioned, which he says should be "...be producing reasonable volumes by end of February...", this will lead to Kazera bypassing the reliance on Alexkor to process the large quantities of diamond bearing sand which has been habitually problematic to say the least. Instead they will process it themselves and deliver the already finely-screened diamonds direct to Alexkor for final sorting and sale in what he says are 5-gallon paint pot sized containers.

Might not sound that much but 5 gallons is 5 gallons and if it's virtually final product like he suggests, a bucket of "...very, very high concentrate, full of diamonds...transported to Alexkor every single day..." (interview extracts), this sounds like a significant and welcome step up in the previous productivity of this operation and apparently in near prospect.

outspan
13/2/2024
09:43
Thanks for posting the interview recording GBCol. It was disappointing that No target date for the radioactive license was discussed. I also found his reference to the 150 vehicles worrying. The second time he referred to them, he has said, by the time they deposited the diamonds, the amount of aggregate they were buried in was down to paint pot sizes, I could not see why you needed 150 vehicles to carry things like that away? Overall, I am pensive about my investment here and this interview has not made me feel that much more positive. Let’s see what Q1 brings.
ridicule
22/1/2024
10:08
I always saw this as a high risk, hopefully high reward, speculative buy. I’ve built a much bigger holding than I originally intended but I’m no less optimistic than I was at the start. That said, I’ve only been in this a little over a year so haven’t got the same painful history as some here.

I do agree that this 1st qtr of 2024 could (should) be influential on which way this goes.

gbcol
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