Kazera Global Share Discussion Threads

[outspan] 10/3/2023 12:01

So out of date that even the outdated KZG website is ahead of it lol



Catch up Tracarta paperwork exercise by the look of it. Guess website gets info from the share register whereas the RNS follows notification by the shareholder.

[outspan] 10/3/2023 11:51

At least the interims to Dec 22, also to be released by 31 Mar under the rules, will be more up to date, as will the accompanying statements.

[al101uk] 10/3/2023 10:20

Tracarta is owned by John Wardle, it's effectively his investment vehicle. John Wardle was CEO of Amerisur where Giles Clarke was Chairman, they ran the show together for years. Tracarta also has a large holding in Ironveld. So yes, Tracartas investment is a hang over from GC's reign.

[tigerbythetail] 10/3/2023 08:54

The notification is hopelessly out of date, so not much can be read into it.
Isn't this just an entity associated with Giles Clarke selling out last year after he was "ankled"?
Hopefully we'll get the results soon. They'll be hopelessly out of date as well, but we need them to unsuspend!

[wanobi] 10/3/2023 07:34

website showing,,

As at 30/06/22

Tracarta
53,838,334
5.74%

and

Dennis Edmonds
5,000,000
0.53%

which, personally, I'd like to see a lot higher....

GLA

Cheers
Wan :-)

[qs99] 10/3/2023 07:18

Will be interesting to see who has picked up the other side of that

[wrtmf] 10/3/2023 07:10

tracarta 10% to 4.6%

Date on which the threshold was crossed : 27/05/2022
Date on which issuer notified : 08/03/2023

[cloud9surfer] 06/3/2023 13:26

Not long now!! Brace yourself Rodney!! ;-)

[wrtmf] 04/3/2023 11:54

i think first target should be mon 13 march for trading return
lets see how it goes

[tigerbythetail] 02/3/2023 14:32

I read that as the Namibia specialist director leaving the company as there's no meaningful role left for him to play now that Aftan is being sold. Best of luck to him.

[wanobi] 01/3/2023 16:10

01 March 2023 - Kazera Global Plc ( " Kazera " or the "Company")

Resignation of Executive Director - Kazera Global plc, the AIM-quoted investment company, announces that Odilon Kasongo Ilunga, Executive Technical Director of Kazera, has informed the Board of his intention to resign for personal reasons.

Odilon has been a Director of Kazera since July 2020, based in Windhoek, Namibia, and has made a meaningful contribution to Kazera's interests and relationships in that country as well as to the Board in general. His resignation is with effect from 14 March 2023.

In light of Odilon's resignation and the sale of Kazera's Namibian project (see RNS dated 22 December 2022) the Company will be assessing the make-up of the board and seeking a suitable replacement if deemed appropriate.

Dennis Edmonds, Kazera Chief Executive Officer, commented:

"On behalf of the Board of Kazera I would like to thank Odilon sincerely for his contribution to Kazera and specifically our project in Namibia over the past few years. We wish Odilon well in his future endeavours."

Cheers
Wan

[wrtmf] 28/2/2023 20:00

so far $2,225,034.51 / us$13m paid for aftan, about 17%

[tigerbythetail] 28/2/2023 19:37

It is indeed good that they've ordered the mass separation kit to separate out the HMS. This is where the future for KZG lies.
Remember KZG still own Aftan until the Chinese have paid in full. And having paid over $2m already, it's too late for them to back out now.

[wrtmf] 28/2/2023 18:42

good point -'swings n roundabouts'
sales figs in 2 weeks with relist?

[outspan] 28/2/2023 18:38

Agree, not so good but, equally, seem to recall that the $1.745m was well ahead of schedule at the time so maybe a bit of swings and roundabouts going on.

I suppose also that it means more income at 8% on the outstanding amount and I also recall ownership of TVI does not transfer until the whole amount is paid over.

[wrtmf] 28/2/2023 18:00

'Delay of Results & Trading Update

Kazera Global plc , the AIM-quoted investment company, announces that it will not be able to publish its Annual Report & Accounts for the year ended 30 June 2022 (the " Results " ) by the end of February 2023. Trading in the Company's shares will continue to be suspended on AIM until the publication of the Results in accordance with Rule 19 of the AIM Rules for Companies. The Company has submitted final accounts to its auditors , which is currently conducting its review process that it hopes to conclude before the middle of March 2023.

Further to the RNSs dated 20 December 2022 and 9 January 2023 regarding the sale of Kazera's interest in 100% of the shares in African Tantalum to Hebei Xinjian Construction ("Xinjian"), the Company has now received an aggregate of US $2,225,034.51 from Xinjian.

Operationally, the Company continues to make progress, with both its Heavy Mineral Sands (HMS) and Diamond operations now in production . The Company has also placed an order for the manufacture of equipment to undertake the separation of HMS at its Alexander Bay site. The equipment, on which the Company has made a substantial downpayment and has sufficient funds to complete the purchase, is expected to be delivered in approximately four months and, once installed, will allow the Company to sell Ilmenite and Garnet. Accordingly, the Company is in discussions with several prospective purchasers for these products, whilst it continues to stockpile large volumes of HMS , whilst also separating out diamonds.

Finally, the Company can confirm that it has paid off all outstanding debt to the former Directors and loan providers and now sits in a healthy net cash position.'

--
hms separation equip ordered - very good

9Jan agg USD1,745,339.51
today agg US $2,225,034.51
so they didn't get paid further $1.897m by end of jan, nowhere near! - not so good

[wanobi] 28/2/2023 17:59

thanx for the heads up outspan, I'm ok with that RNS, GLA Cheers Wan :-)

[wrtmf] 27/2/2023 21:47

Poppyseed, 21.02, lse
Think you're right not to expect tomorrow gmed. My enquiries are suggesting auditors' still reviewing/finalising, company's hands tied. So my money would be on not to expect till late week or even next.

[wrtmf] 24/2/2023 10:40

some action here next week?

[wrtmf] 18/2/2023 13:04

come on, let's go! 2-5p

[wrtmf] 14/2/2023 15:53

Metalhead25 @Metalhead2525
Replying to @KazeraGlobalInv
It’s a BEAUTIFUL picture of some sand, well done. Can your photographer take pictures of accounts? How about resumption of trading notices?

[landersd] 10/2/2023 14:01

Tigerbythetail , you are correct ,just waiting for sign off , could be end of next week , but more likely the following week

[tigerbythetail] 10/2/2023 10:56

Judging by posts on the LSE board, the delayed accounts only need the auditor's sign-off.
So we should be back to trading fairly shortly.