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KZG Kazera Global Plc

0.60
0.00 (0.00%)
19 Apr 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% 0.60 0.55 0.65 0.60 0.60 0.60 0.00 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec 55k 6.71M 0.0072 0.83 5.62M
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 0.60p. Over the last year, Kazera Global shares have traded in a share price range of 0.325p to 0.95p.

Kazera Global currently has 936,599,523 shares in issue. The market capitalisation of Kazera Global is £5.62 million. Kazera Global has a price to earnings ratio (PE ratio) of 0.83.

Kazera Global Share Discussion Threads

Showing 1551 to 1570 of 1850 messages
Chat Pages: 74  73  72  71  70  69  68  67  66  65  64  63  Older
DateSubjectAuthorDiscuss
15/7/2023
07:56
plse show me rns where alexcor with their very good relationship with kzg [interview] have sold diamonds in the last 1.5yrs
wrtmf
14/7/2023
20:58
I tend to take the position that AIM miners and oilers are run as something approaching a scam until proven otherwise.Wise..
penrith
14/7/2023
20:47
Looked at the interview and you're right... "every $ paid is lost if the deal falls through"... he couldn't have been clearer!

Thanks for the link.

Penrith,

Sorry for scaring you, I did put a question mark after the line you quoted :-)

I tend to take the position that AIM miners and oilers are run as something approaching a scam until proven otherwise. Possibly too long watching Giles Clarke in action where anything unsaid is generally the worst case scenario.

Need to watch the rest of the interview now.

al101uk
14/7/2023
17:09
Phew! That was worrying.
penrith
14/7/2023
16:29
I crossed as well!
tigerbythetail
14/7/2023
16:28
al101! That's really not how business is done; no sane person would enter into that kind of arrangement. (I speak as a former CEO of a PLC equivalent).
I'm sure GBCol and DrRadcliffe are right. If the Chinese walk away then they lose the money they have paid to KZG. Plus the money they've spent on kitting out and running the mine, plus the money they've spent on buying up the neighbouring tenements. Which would be a crazy thing to do, unless they were absolutely convinced the mine was a complete bust, and that it wasn't worth throwing good money after bad.
As said, I expect the Chinese to pay as late as possible, in order to preserve their working capital position. But they will pay up eventually, barring disaster scenarios.

tigerbythetail
14/7/2023
16:27
Apologies. Crossed with other contributors saying the same thing.
outspan
14/7/2023
16:24
Penrith is right, the CEO has made it clear at various times, including in his last interview, that the contract gives KZG the right to reclaim the mine and retain the proceeds paid to date if Hebei default.

Witness last interview from around 7:45 in connection to a further $1m having been received from them in the last month "every single dollar they pay us, is a dollar they don't get back..." In which case, the fact that they are still paying chunky sums surely heavily underscores their ultimate intent.

Interest is also accruing at 8% on the amounts outstanding so, assuming completion, the price paid will now be a chunky bit higher than $13m. If they default and KZG exercises its right to reclaim the mine, the c. $5m already banked by KZG, is a considerable buffer against the sale of the mine to another party at a lower price, or a considerable bonus if sold at around the same price.

What I think is clear from his answers on the subject from around the 5 min mark, is that DE does not intend to ever operate that mine again. The future is elsewhere, as he suggests many times in the interview concerning the money they already have. So it'll either complete with Hebei or it'll be sold to another party but, either way looks win win for KZG.

outspan
14/7/2023
16:12
Link to interview
drradcliffe
14/7/2023
16:10
Re 1448 That is certainly not what Dennis has repeatedly stated. He has been unambiguous that any monies paid by Hebei would be kept by KZG if Hebei default. Admittedly, we aren’t party to the contract and so cannot verify that 100%.

The RNS states “ Under the terms of the sale agreement with Xinjian, Kazera retains ownership of 100% of the shares in Aftan as security until all amounts owed by Xinjian have been paid in full.”

gbcol
14/7/2023
16:10
Dennis covered this scenario in the recent interview; Xinjian are in too deep to back out without losing everything they have paid.
drradcliffe
14/7/2023
14:54
Al101uk, Kazera would be on the hook to refund all or a large part of the money paid (deducting a fine for the contract breach)?I never realised that. I thought the money payed so far would belong to KZG.
penrith
14/7/2023
14:35
Thanks outspan,

Not keeping up here really, so missed it...

"Under the terms of the agreement Xinjian was due to have paid and aggregate c.$6.1 million.
To date, Hebei Xinjian Construction ("Xinjian") has arranged aggregate payments of US$4.2 million.
Xinjian is currently not in compliance with the Agreement, with payment arrears of c.US$1.9 million (excluding interest). Nonetheless, at this time the Company has elected not to exercise its contractual rights to terminate the contract."

So, in a hypothetical situation where Xinjian decided to walk away (not saying they will), I assume Kazeras liabilities are not zero. Kazera would be on the hook to refund all or a large part of the money paid (deducting a fine for the contract breach)?

If the deal isn't really "done" until all funds are paid, there is a risk that would explain why the share price remains where it is. You can expect the company to rerate to a level more in keeping with a company that has a relatively huge cash pile and a viable business model once the Tantalum mine actually changes hands, meanwhile the funds are held in multiple currencies... is there any exchange rate risk on repayment if the deal fell through?

al101uk
14/7/2023
08:58
Well, it takes many differing opinions to make a market. And it's obvious (esp. from the LSE board) there are still many embittered legacy shareholders from the days of Kennedy Ventures / Giles Clarke. Typically, "stale long" PIs wait until they get back to breakeven and then sell-out, so they'll be a drag on the share price if and when it moves up. That's how it goes, I guess.
KZG is a new company now. New management, new balance sheet, new major shareholder, new jurisdiction, new commodities, etc. So banging on about Giles Clarke isn't constructive. It doesn't really matter what the share price did in the past, based on the bad information that investors were spoon fed by former management. The question we should all be asking is, is KZG a good buy at its current price? For my money, the answer is decisively yes.
Obviously AMS agree with me, since they're paying 1.5p per share for 29% of the company.

tigerbythetail
14/7/2023
01:17
The balance of decisions and alternatives on the subject is all outlined in the recent RNSs and interview so I'm sure his comments are intended to build on that.
outspan
13/7/2023
17:40
"This payment is a further indication of Xinjian's desire to meet its obligations. As well as strengthening the Company's cash position, it further justifies our approach to continue working with Xinjian to achieve a mutually beneficial outcome."

Would suggest that the company had to make a decision on if it wanted to continue to work with Xinjian?

al101uk
13/7/2023
17:20
Your suggesting in 2 to 3 years time this share could reach 8p.In my humble opinion if this share ever got to half of that then 95% of us would have sold. I for one would be delighted with 1.5p (av .93) and pressing the sell button like a machine gun trigger.How many times on AIM have we heard the ten bagger line. Alliance told us 4p and skipped of at 1.5p.
penrith
13/7/2023
15:18
The most important three words in mining are "grade is king". And KZG have world-beating HMS grades in a naturally replenishing resource.
So, Whale Head HMS business in full operation and generating significant FCF (as it would at current market prices) + grant of licence for a second larger HMS concession in same area = (very roughly) £80m market cap. Time horizon: 2-3 years.
(I'm ignoring the diamonds. Nothing wrong with them, but small beer, IMO. Also ignoring the highly theoretical royalty from TVM.)
That's why I won't be at all surprised if AMS want more than 29% of the company. In their position, I'd like to keep the company public (a listing has its advantages), but ideally I'd want c. 60% of the shares. So I'd go beyond 30%, make a compulsory offer at 1.5p, but then be happy to settle for less than 100% ownership.
All in all, I get that AIM is manic depressive, and in its manic "up" phase it can insanely overvalue mining stocks (hello EUA), but in its depressive "down" phase (e.g. here) it can also crazily undervalue them.
ALL IMO, of course, and I haven't listed out the risks (which do exist) here.

tigerbythetail
13/7/2023
13:50
Please talk us through the £80m valuation. Feels like most of us need cheering up.
chrysalis99
13/7/2023
12:26
I bet IF we were being honest 90% of us long term holders wish they had never heard of KZG.
penrith
Chat Pages: 74  73  72  71  70  69  68  67  66  65  64  63  Older

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