Kazera Global Share Discussion Threads

[red army] 06/8/2023 19:08

That's irrelevant. Why would anyone want to waste any money.

[penrith] 06/8/2023 18:54

Not being funny but my holding is just over 5 million shares so more than the CEO. So to be honest that doesn't really impress me.

[penrith] 06/8/2023 18:42

$650K is such a small amount considering how far behind on their payment schedule. Not negative but very nervous. It's our only foreseeable revenue. Revenue from the sand may be a year off and their initial indication suggested we should have been receiving it for nearly two years now. Revenue from diamonds is anyone's guess and it's going to be small.Need an RNS.....

[outspan] 06/8/2023 17:21

...and as the man confirmed in interview "every $ they pay, is a $ they won't get back" which surely adds a little bit of something to their intentions given the latest payment you refer to jonesy.

[jonesy100] 06/8/2023 16:41

Hi Penrith, Last cash received was three weeks ago. What has changed? I am similarly cautious but not sure why the sudden pessimism13 July 202313 July 2023Kazera Global plc ("Kazera" or "the Company")Receipt Of Further Aftan PaymentKazera Global plc, the AIM-quoted investment company, is pleased to announce that subsequent to its Corporate And Operational Update on 5 July 2023, it has received a further payment of c. US$650,000 from Hebei Xinjian Construction ("Xinjian") in respect of the sale of the Company's interest in African Tantalum (Pty) Ltd in Namibia ("Aftan") . The aggregate payments now received total c.US$4.8 5 million .Dennis Edmonds, Kazera Chief Executive Officer, commented: "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."

[red army] 06/8/2023 14:02

Well unless you believe the CEO is a nutcase then why did he buy at .8p recently?

[penrith] 06/8/2023 12:40

From the July RNS 30 days ago.
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 given that:

· 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.

· All ongoing operation costs in respect of the Aftan business have been borne by Xinjian since the beginning of 2023

· Communication between Kazera and Xinjian remains positive and constructive, with the Company believing that outstanding balances will be forthcoming

· Outstanding balances are accruing interest at a rate of 8% per annum.
PRESUMABLY no further caSH RECIEVED So it looks like that is now fading away.

[outspan] 21/7/2023 17:58

Align have now added further comment:

[outspan] 21/7/2023 17:43

I don't think that's quite right TBTT. The Put Option is for 280m shares and, according to the holdings RNSs from the two parties at the end of June, Align still spoke for 221m+ shares at a point where AMS had bought 60m.

Admittedly, Align's 281+m holding at that time (and still) includes a 30m (long) Spreadbet and an anticipation of exercising 6,851,851 warrants @ 1p in October (which, of course, they can still do even if the share price is below 1p), but I'd say they were not left short because of the lapse of the May warrants.

So their current buying in the market is not forced, it's opportunistic, as indeed the above tweet would strongly support.

[outspan] 21/7/2023 17:19

Align Research
@AlignResearch
·
36m
Replying to @steddieddie

Yes. Adding at this price given sales at 1.5p. Utterly amazed at the price and be rude not to snaffle here!

[gbcol] 21/7/2023 16:04

Yes that makes sense TBTT thanks, I was struggling to make sense of it. I wish they would get a move on and complete the transfer though, it’s painfully slow. I know it doesn’t make much difference now AMS have the voting rights but would be good to get this distraction out of the way.

EDIT- I wonder if that is Align buying more today, guess it makes sense to buy more at sub 1p if they can. The buys today have given the share price a bit of life anyway.

[tigerbythetail] 21/7/2023 15:38

Holdings RNS out from ALIGN.
I make it that previously Align were reckoning on exercising some warrants at 1p to make up some of the 29.9% that they are selling to AMS at 1.5p each. Now they seem to have bought some shares (presumably at around 0.8p) to substitute for exercising those warrants at 1p. In other words no real change, except Align are going to make a bit more money from their deal with AMS. As if they weren't making lots already!

[outspan] 21/7/2023 11:22

I was told similar! As you say, make of it what you will.

[landersd] 21/7/2023 08:35

so , the disappearing tweet ......just had it confirmed

the tweet was by the person in charge of their twitter account ready for when total monies had been paid and control of Aftan passed over ....................It should have been saved as a draft but was accidently posted

Make of that what you will

[outspan] 20/7/2023 15:02

Wonder if the other Directors might also have a nibble...

[tigerbythetail] 20/7/2023 10:01

Yes, real money CEO buy on open market - never a bad thing!

[landersd] 20/7/2023 09:31

nice £40k buy on open market from Dennis Edmonds

[outspan] 19/7/2023 16:48

Now looking like today's unwarranted drop might have been about filling an order.

[outspan] 19/7/2023 16:19

I think most would bring out the current sum of the parts calculation at well North of the current market cap but, in any case, it's likely that AMS's game is not the present but the future and how they themselves will contribute to it. A longer game.

[penrith] 19/7/2023 15:04

Still on mine showing as 2days old.

[tigerbythetail] 19/7/2023 13:57

Oh, a penny for the thoughts of AMS...
I know that volume is negligible, and as soon as a sizeable buyer emerges the share price will shoot up, but AMS could currently buy 2 shares on the open market for every one they are purchasing from Align at 1.5p.
Somebody has got this share price badly wrong for sure - either AMS or us PIs.

[landersd] 19/7/2023 08:21

penrith

the tweet has definitely gone from my feed

[penrith] 18/7/2023 22:04

The resident ramper on LSE also comes up with a similar explanation.
The strange thing is that the tweet is still live on my feed hence the ability to copy it.
Im afraid the whole 'twitter' thing with KZG is very childish. Its difficult to take their RNS's seriously let alone their twitters.