Kazera Global Share Discussion Threads

[farrugia] 29/8/2023 07:43

if they stop the payments they lose the mine... so Kazera gets to retain the mine and the money they've dispatched so far. Plus there's interest being racked up on the balance owed.

[penrith] 28/8/2023 18:36

Other than the rampers of course do any other investors believe the mine sale will go ahead?
My view is that if the payments have continued then technically they do not have to release an RNS as the payments would be in line with the agreement. If on the other hand there have been no further payments then I would have anticipated an RNS confirming that fact.To me the only way of avoiding a raise would be income generation and other than continued mine payments there is only expenditure.
We are now drifting downwards despite their tweets so some formal communication would be useful....

[nicosevos] 25/8/2023 08:07

And more......Getting there, sloooooooooowly......

Kazera Global Investments PLC
@KazeraGlobalInv
𝗛𝗠𝗦 𝗦𝗶𝘁𝗲 𝗠𝗲𝗱𝗶0302;

Great progress on the spiral plant for processing #HMS.

[outspan] 16/8/2023 13:37

More activity:

[nicosevos] 16/8/2023 08:28

C&P Twitter.

Kazera Global Investments PLC
@KazeraGlobalInv

21h 𝗛𝗠𝗦 𝗦𝗶𝘁𝗲 𝗠𝗲𝗱𝗶0302; ⬇️

~Site operations continue at pace at the Walviskop Heavy Mineral Sands & Deep Blue Minerals diamond Project.

~Baggage scanner and personnel X-ray now installed at entrance to WHM from the secure diamond mining area.

[outspan] 07/8/2023 12:41

Ho ho ho, he wants factual! New definition of "moving on" clearly required!

Feb 22 - "Sold mine late afternoon after 3 years of pergatory." "...Anyway I dont trust them after a year of completely broken promises and my money is now safe..." "...Anyway I’m out so moving on..."

Jul 23 - "...I thought you had been here years like me?..."

Oh dear.

[outspan] 07/8/2023 12:22

Or even £40k...

[gbcol] 07/8/2023 11:19

Penrith, how about the RNS update they gave us a couple of weeks ago or the trading update they gave us a month ago? What are you looking for weekly updates? Daily? Hourly?

I am sure they will let us know when we receive the next payments but let’s not get hysterical here. BTW if you think anyone, however rich is going to throw £32k into something they don’t have high levels of confidence in then you don’t understand much about how rich people get rich.

[penrith] 06/8/2023 21:36

Firstly Red Army, 4 mill at .8 is peanuts to the CEO It's £32 K and it's a gesture. It's done all the time on AIM to give confidence to P I's but normally fails look at what has happened to the share price since.Outspan/Poppyseed. Yes I took advantage at 1.5 p and I presume I have made significantly more from KZG than your good self. Yes when the world company still had the Mine and aquired the sand and diamonds I re invested and hold today over 5mill at an average that currently sees me underwater but not by a great deal.Like many on here who were invested 2 years ago I didn't expect NO production from the Tant Mine, NO Diamond income, and NO sand income.Today We basically have a zero income stream yet are spending large amounts on capital equipment and overheads.You obviously have an agenda on both chat boards but it's not about you and me it's about the continuous lack of factual information and the constant hype.

[red army] 06/8/2023 18:08

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

[penrith] 06/8/2023 17:54

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 17:42

$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 16:21

...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 15:41

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 13:02

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

[penrith] 06/8/2023 11:40

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 16:58

Align have now added further comment:

[outspan] 21/7/2023 16:43

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 16:19

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 15:04

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 14:38

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 10:22

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