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KZG Kazera Global Plc

0.40
0.00 (0.00%)
28 Mar 2024 - Closed
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% 0.40 0.35 0.45 0.40 0.40 0.40 676,571 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec 55k 6.71M 0.0072 0.56 3.75M
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 0.40p. Over the last year, Kazera Global shares have traded in a share price range of 0.325p to 0.96p.

Kazera Global currently has 936,599,523 shares in issue. The market capitalisation of Kazera Global is £3.75 million. Kazera Global has a price to earnings ratio (PE ratio) of 0.56.

Kazera Global Share Discussion Threads

Showing 726 to 747 of 1850 messages
Chat Pages: Latest  38  37  36  35  34  33  32  31  30  29  28  27  Older
DateSubjectAuthorDiscuss
14/12/2020
14:12
REM, yes, I followed them for a while, they were a hype train stock around the same era UKOG. Haven't checked them out in ages... they floated in 2010 at 3p per share.

Looking at them now, they changed their name to Cadence Minerals, have a £20 million market cap and are still not profitable. The have 140 million shares and have done a 100:1 share consolidation.

From the chart, REM opened around 4p, spiked to 6p, then dropped precipitously to less than a penny where it stayed, admittedly with volatility that could have made some lucky speculator rich.

At the time of the name change, REM was trading at 0.5p per share, after becoming Cadence they did a 1 for 100 share consolidation and have raised funds twice since then, for exploration and to pay off loans.

If your argument now boils down to people will punt on a non-producing miner that lacks funding when commodity prices pick up, then we have a very different investing processes.

I wouldn't invest in REM, I wouldn't invest in UKOG, I will only invest in KZG when/if they look ready to become a sustainable business.

Oh my god, just took a proper look at your chart :-D

Lets use the full picture shall we...

al101uk
14/12/2020
13:41
And in fact, the singles from REM's classic LP record "Automatic for the People" can help to illustrate KZG's investment credentials:


1. "Drive" (Released: October 1, 1992)
- KZG's current pre-overdrive mode.

2. "Man on the Moon" (Released: November 21, 1992)
- KZG shareholders 'walking on the moon' after the anticipated coming positive newsflow.

3. "The Sidewinder Sleeps Tonite" (Released: February 5, 1993)
- The KZG share price consolidating before the next leg up.

4. "Everybody Hurts" (Released: April 15, 1993)
- Investors with poor cyclical market timing.

5. "Nightswimming" (Released: July 15, 1993)
- KZG's diamond project workers cooling off after a hard day's work.

6. "Find the River" (Released: October 21, 1993)
- KZG's coming pipeline to its tantalum project.

hedgehog 100
14/12/2020
13:15
al101uk 12 Dec '20 - 20:50 - 33 of 33
" ... That's my reasoning Hedgehog100, I hope you find it more thought through than your accusation that I was just taking a macro view on a micro stock and as I said, point me to where I've posted this previously."


al101uk,

What I actually said was:

Hedgehog 100 10 Dec '20 - 17:45 - 24 of 33
" ... And you are being bearish at the bottom of the mining cycle, when that is the time to turn bullish. ... "


The improved outlook for rare earths metals is a major element of the bull case here.

Especially when combined with the paucity of rare earths metals investment plays that gives KZG such a scarcity value.

This means that when investors start scrambling for a piece of the rare earths action, they will have few places to go to.

Which could make for some quite explosive results.

Remember REM (Rare Earth Minerals plc): within about a month in the summer of 2013 it rose over 25-fold:




A rapid KZG rise of even a fraction of that could certainly generate some 'Rapid Eye Movement'.

Which should make KZG an 'Automatic for the People':

hedgehog 100
12/12/2020
20:50
In conclusion the claim is that the investment in this diamond mine will fund development of the Tantalum and Lithium projects. I don't think it will. I think it will keep the show on the road, covering central admin costs etc until they can find an investor to sign on the dotted line. I also think that if the company can release a set of results claiming even a small profit they will be in a much stronger position to negotiate a deal.

I think the entire thing has been oversold as a game changer, but that is only the case in the "Ironveld" sense of the word. Ironveld have been searching for funding for years and undertake regular cash calls with shareholders to stay afloat, this diamond mine should, hopefully at least, avoid that.

Meanwhile I think the corporate governance and snouts in toughs is exactly the same as Ironveld, Amerisur and the rest... business as usual.

So my bear case is that now is not an "Amerisur moment". They still need funding and until they get it they will have, at best, a marginal business and in the short term some execution risk on the diamond operation. Better to wait for further developments and potentially enter at a higher price once funding is secured, the pipeline is at least nearing completion, positive cashflow is guaranteed and one can realistically assess the damage done through dilution to any potential returns.

Watch the share price, watch the news and be ready when/if good news arrives... but it seem some way off yet and you always have to apply a corporate governance discount.

That's my reasoning Hedgehog100, I hope you find it more thought through than your accusation that I was just taking a macro view on a micro stock and as I said, point me to where I've posted this previously.

al101uk
12/12/2020
20:21
So questions over value, questions over management and corporate governance. What if that's all just hot air, what if the company delivers on the promise?

Well, they have 65% share of the asset.

I started using the original projection by VAST of the mine, but it seems ALIGN has newer numbers.

Original projections were based on an asset of 500K carats and pre covid diamond prices, they estimated 900 carats per month at $450 per carat.

But ALIGN reports this:

"Cash flow from diamond production is expected to deliver a fairly constant 400ct/month and at an average sales price of US$350/carat, which suggests that DBM could achieve a monthly revenue of US$140,000. Operating costs are forecast to be around the R750,000 (US$20,000) per month level and so after royalty payments to Alexkor, the main contractor, and the government, it looks likely that the diamond operation could produce something like US$40,000 profit a month to Kazera. "

That's revenue of $1.68 million per year

They will pay processing fees of 20%

Royalty to the government of 3%

Royalty to VAST of 3%

They pay 10% to the previous company pre-costs.

BEP may also take their 25% pre-costs but I've given the benefit of the doubt

Production costs of $240K ($20k per month)

Tax of 50-55% on profits (

And I've taken BEPs 25% share from the after tax profit.

I make that $200-$250K per year in cash profit. Tax may not be applicable at that rate, but I can't find any tax banding and I've only used the raw production costs, not all in costs which aren't available. I also given the benefit of the doubt to the company on BEP's stake being after production costs, so should land in the middle of potential earnings.

Based on all of that and considering it's an end of life mine, I'd say the price they paid for it was probably a reasonable deal, but not spectacular and definitely not worth $6 million.

A PE of 3 on a marginally profitable asset with some up front investment required.

al101uk
12/12/2020
18:36
So what's the story of the diamond mine then?

The concession was very valuable back in 1928 when it first went in to production and has produced a large quantity of diamonds, but I think it's safe to say that it's best days are behind it. It was owned by a private South African Company called VAST. It was intended that Tectonic Gold farmed in to the concession in a 50% joint venture for $650K in early 2019 (paid in equity). The idea was to use the low cost diamond mining operation to fund their primary Gold mining business. This was what they said at the time:

------------------------
"Mining at the VAST concessions is conducted by a fleet of large and small surface mining and earth moving machinery through a simple free dig operation. No drilling or blasting is required. The underflow heavy mineral concentrates that are produced are then transported to one of Alexkor’s processing plants for toll treatment and final recovery. The diamonds that are recovered are then put to a public auction by Alexkor’s marketing team with the revenues from this process being split 80:20 between VAST and Alexkor respectively after deductions for toll treating costs, royalties and any other costs for ancillary services such as security during transportation.

The VAST resource estimates for the concession areas allocated are in excess of 500,000 carats. Tectonic Gold and VAST will take a staged approach to initiating mining operations under the concession with a target production commencing at 900 carats per month. Indicative sales prices for the average grade and size stone from the concession areas is currently US$450 per carat."

-----------------------------------------------

In May of 2019 Tectonic Gold advised that they had restructured the deal to increase their share to 100% of the operation. They would take staff and equipment, pay all costs and leave VAST with a small royalty (3% iirc) along with some equity. The $650K cost was calculated as the investments VAST had made in to the license while they had ownership.

16th December Tectonic were awarded an interim mining contract with a final contract expected in March 2020.

They commented:

"This is an important step forward in consolidating our interests in the Alexander Bay diamond project. The quick turnaround time in moving from a subcontractor with proportional revenue share to an independent operator with 100% of the economics accruing to Tectonic SA is a great result for our in country team."

Two days later, they released this:

-------------------------------------------------
"Tectonic Gold plc (TDIM: TTAU) is pleased to announce that, having secured an independent mining contract as announced on 16 December 2019, the Company has executed an option agreement with a private investor for the purchase of a majority interest in Tectonic South Africa Pty Ltd (“Tectonic SA”), its wholly owned subsidiary. Under the terms of the agreement, Tectonic will retain a non-diluting 10% interest in Tectonic SA alongside the 26% holding of Black Economic Empowerment (“BEE”) partner RMTE Pty Ltd. The new investor will hold a 64% interest and fully fund all future project development. If the transaction is completed, the project will continue to be managed by the existing Board and Management of Tectonic SA with on-going technical support from Tectonic Gold."
-----------------------------------------------------

Thing to note her: "64% interest and fully fund all future project development."

The deal was finally completed 4th June 2020, Tectonic commented:

--------------------------------------------------
Tectonic Gold plc (TDIM: TTAU) is pleased to announce that it has sold a majority interest in the Company’s South African projects to AIM listed Kazera Global Plc (“Kazera”;). As announced on 18 December 2019, Tectonic will retain a non-diluting 10% interest in Tectonic SA (rebranded Deep Blue Minerals Pty Ltd, “DBM”) alongside the 26% holding of incoming Black Economic Empowerment (“BEE”) partners. Kazera will hold a 64% interest and has raised £750,000 to fund the diamond mining project into production.
---------------------------------------------------

The $750K was presumably the raise involving Richard Jennings, whom I've just discovered is a director at Align Research.

hxxp://www.alignresearch.co.uk/about-us/

"The acquisition cost was £600,000 funded by issuing the vendor, Richard Jennings (a director of Align Research), with 120 million shares at a price of 0.5p and at the same time £750,000 was raised at 0.5p with £156,000 in fee shares."

The fund raise was issued alongside warrants for 50% more shares at a price of 1p in the next two years.

Looking at the issuance of equity I see they also paid fees to directors in equity priced at an average of 0.32p (nearly 50 million shares worth).

This all smells very like GC in all the companies I've tracked him in.

----------------------------------------------------

"In addition, Tectonic has incorporated a 100% owned South African subsidiary, Whale Head Minerals Pty Ltd, and submitted an application for a Mining Permit to mine Heavy Mineral Sands (“HMS”) within the Alexkor/PSJV diamond mining area to mine ores with DBM for the dual commercialisation of diamonds and HMS from diamondiferous and mineralised alluvial beach sands. Kazera has committed to buying a majority interest in WHM also, with Tectonic retaining a non-diluting 10% interest, subject to the approval of the Mining Permit under application.
Tectonic has received a £100,000 payment in fulfilment of the option terms."
-----------------------------------------------------

Note: An option to buy, KZG don't own the Heavy Mineral Sand mining application.

Meanwhile on the Kazera Global side they commented that:

"Inferred Mineral Resources of 208,000 carats at a grade of 6.0ct/100m²" which is down from the 500,000 that VAST estimated.

8th October:

"DBM has met its legal obligations by concluding negotiations with carefully chosen Black Economic Empowerment partners ("BEP"), bringing community, political and commercial contacts to the project and valuing the DBM operation in excess of £6.6million. The valuation is based upon the value ascribed to DBM in the Feasibility Study by Dr Johan Hattingh, who compiled the Competent Person's Report. The Company has provided a loan of R36,735,183.20 (GBP 1,709,130.25) to the BEP in order for the BEP to acquire a 26% share in DBM. The loan bears interest at 3.5% above the UK Base Rate and will be repayable from fees and dividends."

Two things worry me in this statement:

1) The BEP paid for their share of the concession with a "loan" to be repaid from "fees and dividends". I'm not sure how much actual skin in the game the BEP have and so I'm equally unsure of how much they care where the valuation of the asset lands. The loan is not a cash outgoing for Kazera as they just issue paper to the BEP and add the money owed to their balance sheet as an asset, in effect boosting their NAV as they have "successfully sold" a percentage of their diamond mining operations for over £1.7 million ergo can revalue the entire asset. It benefits the BEP to have a higher valuation as the valuation potentially assists in raising funds and if the loan is only ever going to be paid back from money earned by the mine, the number is meaningless. Additionally the 25% BEP own looks to be before production costs, which could easily inflate the value of the asset by some margin. It may also be that the BEP get tax breaks just by being the BEP which again could inflate value.

2) The valuation was ascribed to a Feasibility study by Dr Johan Hattingh, but that report is not published as far as I can see and I'm unsure where in a range of potential valuations that falls, neither do I understand how qualified a Geologist is to value the asset accurately... at least in terms of eventual profit that will be attributable to the company. The asset was worth $6-700K for two years and through two holders before Kazera got hold of it. Also I've seen the feasibility reports from Ironveld with values that never came close to being realised. I just don't think Geologists reports on value are particularly useful as a valuation for the asset.

So in conclusion, the company raised money at 0.5p, issues warrants exercisable at 1p, pays it's directors at an average share value of 0.32p... BUT can get further funding from another investor at 1.5-2p (given the warrants this is just fanciful). This valuation is based on an unpublished report by a Namibian Geologist. The Geologists valuation is verified via the issuance of equity to the BEP paid for via a non-cash loan on terms that mean it will potentially never be paid back.

Meanwhile Giles Clarke is taking 2% of the company in "fees payable to Westleigh" and stacks more equity and warrants via loans and other fees. AND the recent glowing report was issued by a company who's CEO had just taken a large equity stake in a fund raising with corresponding warrants exercisable at 1p.

Couple that with the history of under delivering on equally sure things and I'm left wondering if it's worth the hype.

al101uk
12/12/2020
17:53
You didn't ask for my take on KZG, but you appeared to insinuate I'd already given it... so if you can find the following repeated anywhere?

As for the KZG story, again you zoom in on the bit of the argument you think you can win and you assume because I came to a decision not to buy that I hate everything about the company and I'll immediately counter on the same terms.

I was intrigued by the move in to diamond production and the comments here interested me further. I have no issue with picking up a small holding if I think GC is about to do another Amerisur in it's pomp. Right now I can't say that I'm confident that's what is going to happen.

Why?

Lets look at the commentary around the admission of Kennedy Ventures (2014):
This project offers the opportunity to:

Re-open Tantalite Valley Mine; established resources with low operational risk.
Low initial investment leveraging off existing infrastructure.
Near term production (September 2015).
Offtake agreement with an international market leader
Expansion and downstream opportunities

Taken from one of my posts in 2016, around the (delyaed) target date for first delivery of Tantalum to their offtake partners:

RNS history:

1st July 2015 "Aftan's mine is set to restart operations in July 2015"
3rd August 2015 The resumption of mining activities scheduled for Q3 2015
3rd November 2015 - "It is expected that new underground production will be available for processing during the course of this month"
23rd November - "First phase of production is estimated to produce 5,000lbs Ta2O5 per month in Q2 2016"
2nd Feb 2016 - First delivery of the Mines high grade Tantalite concentrate to the offtake partner is now expected to take place at the end of February 2016
20th July 2016 - The Company's operational cash flow has been constrained since Aftan reopened the TVM and recommissioned the existing processing plant at the end of 2015. This is due to irregular mine grades... blah blah blah.

Then some news in November 2016

"Aftan has informed the Company that its first shipment, containing 1.6 tons of tantalite concentrate, has been delivered to its offtake partner on schedule. Shipments are expected to take place twice per month going forward."

I could go on, but we all know that the paragraph above didn't result in a commercially viable mine with a world leading offtake partner. Could lightening strike twice?

Can we agree without going through 2017-present that maybe the company has over-promised and underdelivered in the past? I think we do agree that is what happened over at Ironveld. I can assure you that it was also a running theme at Amerisur and SMA had an imminent deal on the table practically from inception to delisting.
On that basis alone I think it's reasonable for me to take a sceptical view of company projections.

BUT if they stack up then who knows, Amerisur did multibag over time.

al101uk
12/12/2020
16:32
On the Amerisur part of your argument, as I said, I posted my views in 2017 on the Amerisur board and many of the investors there agreed with me. My views were formed while being an Amerisur shareholder. Some made a fortune on Amerisur, but you'll find even those people left that investment with a sour taste in their mouths.

I was involved on and off with Amerisur from the Chaco Resources days and saw the lows of 2p and the high's approaching 70p.

As for Pet City:

"It was less than two years ago that PetsMart, a US pet retailer based in Arkansas, hit the headlines when it paid a staggering pounds 150m for Pet City, a loss-making pet superstore operator based in Swindon. The figure was surprising for several reasons. First, it was double the value of the company when it was floated on the stock exchange barely a year earlier. Secondly, Pet City had yet to make a profit."

"They overpaid," says one venture capitalist. "It was, quite simply, the worst deal of the 1990s."

Good investment is not equal to greater fool theory and making money on Pet City would have been far closer to blind luck than anything else.

I didn't say it was impossible to make money off a GC business, I said it had in the past been extremely difficult and the "building a business from nothing" story reported ad nauseum by the press has not been a guarantee of success.

In any case if you want to hero worship GC, I'll leave it up to you, the argument is barely on topic for this thread and only started because someone drew a parallel to BARK which was not a good investment under GCs tenure. Expanding out and then zooming back in on another company to make your point (whatever it is) is disingenuous.

al101uk
12/12/2020
13:24
al101uk 8 Dec '20 - 12:53 - 12 of 26
al101uk 9 Dec '20 - 11:15 - 16 of 26
al101uk 9 Dec '20 - 14:57 - 18 of 26
al101uk 10 Dec '20 - 10:33 - 22 of 26

al101uk 11 Dec '20 - 10:21 - 25 of 26
" ... You haven't asked for my rationale on KZG, so I haven't posted it ..."


Really?!

Presumably your bearish rationale, whatever it my be, isn't based upon KZG's progress on its Deep Blue Minerals (DBM) diamonds project.

Acquired only six months ago, with a timeline of 12 months to restart production and revenue generation, progress since then has been simply breathtaking.

The timeline of 12 months to generate revenues has been smashed - HALVED in fact - and delivered UNDER budget.
And all this in the middle of a pandemic!

This clearly bodes very well for KZG's other operations.


04/06/2020 06:00 UK Regulatory (RNS & others) Kazera Global PLC Acquisition of Diamond and HMS interest LSE:KZG Kazera Global Plc
" ... Kazera to acquire a 90% stake in Deep Blue Minerals (Pty) Limited ("DBM") and a stake in Whale Head Minerals (Pty) Limited ("WHM") (the "Acquisitions")
... -- Near-term Diamond production via DBM:
o Historical production grades of 10ct/ht, producing over 10 million carats of gem grade diamonds since production began in 1928
o Timeline of 12 months to restarting production and revenue generation following completion of acquisition ..."


30/07/2020 06:00 UK Regulatory (RNS & others) Kazera Global PLC Operational Update LSE:KZG Kazera Global Plc
"... Kazera Global plc ("Kazera Global", "Kazera" or "the Company"), the AIM quoted investment company, is pleased to provide the market with an update on progress following its acquisition of Deep Blue Minerals on the 15(th) of last month:
... The above have all been achieved within budget and ahead of anticipated time scales. ..."


08/10/2020 06:00 UK Regulatory (RNS & others) Kazera Global PLC Diamond Production Commenced at Deep Blue Minerals LSE:KZG Kazera Global Plc
" ... Dennis Edmonds, Kazera Executive Director managing the Alexander Bay projects, commented:
"I am very proud of the way in which everyone has pulled together in these very trying times. It is a real testament to the quality of the team to have got into the full swing of production at the same time as getting the site fully established and achieving all other milestones whilst remaining comfortably within budget. We are excited by what the auction process will deliver." ..."


11/11/2020 10:16 UK Regulatory (RNS & others) Kazera Global PLC Maiden Diamond Delivery LSE:KZG Kazera Global Plc
" ... Diamond Production
The Company is pleased to announce that, following the commissioning of its scalping /screening plant on Monday, 2 November 2020, it has produced a total of 4,000 tonnes of gravel. Of this, just over 2,000 tonnes of gravel have been processed by the final recovery plant and will be sold in the auction due to take place this month. ..."


01/12/2020 11:27 UK Regulatory (RNS & others) Kazera Global PLC Namibia Update and Overview LSE:KZG Kazera Global Plc
" ... Diamond and Heavy Mineral Sands Activity
The Company expects to receive very shortly the proceeds from the sales of the first sale of the Diamonds following the auction announced on 11 November 2020. In addition, reports indicate that the legal process for the acquisition of the Heavy Mineral Sands rights in South Africa is now making substantial progress. ..."

hedgehog 100
11/12/2020
18:21
Found one I posted in 2017 on GC's previous accomplishments:



I've yet to be persuaded that my assessment was incorrect.

al101uk
11/12/2020
10:21
"Shareholders don't 'suffer' from share consolidations"
They do when it's paired with massive dilution. Dilution can be ignored if the share price goes up, consolidation can not. My argument was that shareholder value hasn't risen and that the perceived increase in value came about due to consolidation. When you reverse out that consolidation, you find that the shares that were bought for 8.25p, would, if fully diluted, have a base price of 0.01p and even accounting for the perceived rise in share price would have lost an investor around 99.5% of their money.

"Clarke began his career"

I know... Pet City... Magestic Wines, blah blah blah. I did the research (it's on one of the AMER boards somewhere). It's an argument that was being made a decade ago on Amerisur. Shareholders struggled to make a penny during the time that any of these companies were publicly tradable and GC was in charge. He did well during the companies non-listed phase and at least Majestic Wines did fantastically when he left.. Pet City not so much iirc. I'm not saying GC is stupid or a bad business man, I'm saying he knows how to make money for himself and understands when it's a good idea to sell the risk on to other investors via sale or listing.

You haven't asked for my rationale on KZG, so I haven't posted it, but it's certainly not a macro view on the mining cycle that got me to where I am. Again, if you want to hear my view and argue against it I'm happy to post it.

al101uk
10/12/2020
17:45
al101uk 10 Dec '20 - 10:33 - 22 of 23
" ... Shareholders suffered a 33:1 share consolidation and a large dilution when BARK came in to existence. ..."


al101uk,

Shareholders don't 'suffer' from share consolidations, or splits. They have no impact on the underlying value of the company. All that changes is the number of shares in issue. As Warren Buffett has put it, if you cut a pizza into multiple slices, you don't get more pizza.

And you are being bearish at the bottom of the mining cycle, when that is the time to turn bullish.

Regarding Giles Clarke, well done to him for revitalising BARK last year.

Which is certainly not his first success:

"Clarke began his career as an investment banker with Credit Suisse First Boston. In 1981 he bought from receivership the assets of what was to become Majestic Wine,[4] where, as chairman, he built it into a UK national chain. From August 1987 to May 1988, Clarke was chairman of Majestic Wine Corporation Inc, a United States company which owned a chain of 104 stores trading as Liquor Barn in California and Arizona.[5] Following disposal of the US based businesses, he sold the UK plc business of Majestic Wines for £15 million in 1989.
In 1990, Clarke founded Pet City, where, as CEO, he built it into a chain of 94 stores (also dressing up at Christmas in the Swindon Store). After making the business public in 1995, he sold the business for £150 million in 1996 to US based PetsMart.[6] In 1998, Clarke founded Safestore, building it into the UK's third largest self storage company, selling it to Bridgepoint Capital for £44million in August 2003.[7] In 1999 Mr Clarke became CEO of Stepstone,[8] an online career portal. Since he came on board, the company has raised NKr1.8bn ($197m) from the IPO in 2000 and grew from four countries and 200 employees to a staff of 1,385 in 18 countries."

hedgehog 100
10/12/2020
12:24
A little tick up today, any sizeable increase in volume would move this along imho

Gla

andyview
10/12/2020
10:33
Hedgehog100,

I know the history and I was frankly amazed when the company relisted on AIM, credit to the management.

But SMA listed in 2011 and went from 8.75p to 0.25p, delisted Jan 2018 and went to NEX, changed it's name to BARK in June 2018.

Shareholders suffered a 33:1 share consolidation and a large dilution when BARK came in to existence.

...and then were further consolidated 193:74, with more dilution when the new owners came in and GC left the company.

For every 1000 shares you bought in SMA at float, you would currently have 11.

The share price is now at 22p so for every £1000 you invested, you'd be left with £32 (rounding up).

That's without going through the history to see if any other consolidations have happened, nor calculating the dilution you suffered during those years.

If you want to say KZG will be just as successful as BARK, I'm not going to argue, but I think I was supposed to be the negative one.

Now I've actually gone and looked, the only meaningful share price rise I can see was when BARK first listed at 30p-ish and went to 43p, been pretty much downhill previous and since.

al101uk
09/12/2020
19:13
Thanks all. look forward to 2p! And beyond

Cheers
QS99

qs99
09/12/2020
18:49
2p will give Kazera a Mcap of just short of 14m. Still very cheap given the new assets acquired and additional revenue streams promised. A perfect base for the New Year to push forward the Tantalum opportunity and other resources already being found. Should make 2021 very exciting for shareholders as Align have predicted and confirm their conviction buy stance!! Hopefully!! lol.
cloud9surfer
09/12/2020
18:48
A bit of retrace over last few days to consolidate hopefully for a further push up. MM's hopefully have gained the shares they needed. Little bit of resistance through 1.2 and 1.3 but with a nice flurry of continual buying I can see this testing 1.5 in the short term. Add a bit of much anticipated news and this be punching closer to 2p very soon!! DYOR.
cloud9surfer
09/12/2020
18:11
2p will give Kazera a Mcap of just short of 14m. Still very cheap given the new assets acquired and additional revenue streams promised. A perfect base for the New Year to push forward the Tantalum opportunity and other resources already being found. Should make 2021 very exciting for shareholders as Align have predicted and confirm their conviction buy stance!! Hopefully!! lol.
cloud9surfer
09/12/2020
18:04
A bit of retrace over last few days to consolidate hopefully for a further push up. MM's hopefully have gained the shares they needed. Little bit of resistance through 1.2 and 1.3 but with a nice flurry of continual buying I can see this testing 1.5 in the short term. Add a bit of much anticipated news and this be punching closer to 2p very soon!! DYOR.
cloud9surfer
09/12/2020
14:57
Yeah, I mis-understood the Richard Jennings thing... you're right, I'm sure he's anything but p'ssed off.

I'm done anyway... I have a long set of notes, some of which should be useful to most as background, but you probably won't agree with the conclusion so I'm only going to post them if invited to do so. For now I'll move on and continue to watch from a distance.

al101uk
09/12/2020
11:15
Thanks for the info, more research to do I guess :-)

BARK delisted from AIM and then changed business entirely and having bought three pubs and a petrol station (or something like that). They then sold out to another management team if I remember correctly. Was GC even involved when they price started to move in a serious way? I lost interest when the buy out/merger happened). In any case the proposed mining operation was a disaster. Not a great shining light to point to as regards KZG.

Still need to understand the motivation for selling a $6 million asset for $600K of shares, wouldn't that value KZG at 10x it's current market cap?

I'd be mighty p'ssed off if I was Mr Jennings.

al101uk
08/12/2020
16:23
Hmmm, that late Nov/early Dec rise and pullback looks very much like the current "realisation stage" KZG chart. I very much look forward to a similar post-realisation stage follow on!
outspan
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