Kazera Global Share Discussion Threads

[penrith] 09/1/2024 10:50

The final results were published before the 31st December. The 31st was the critical date. We should now have an RNS confirming the agreement has been broken and what therefore the new agreement is. It cannot be left open ended as to when the next payment will be recieved. Plan B could be to put the mine back on the market for 8 million. An update now the agreement date has been breached should be immediately released.

[steddieddie] 09/1/2024 09:11

See Dec Final Results statement for formal RNS update.

[penrith] 09/1/2024 02:29

TBT thanks for your response. I listened to the DE interview back in December and in general was encouraged by it particularly the HM coverage. On the mine sale he basically said very little other than the price of the product has fallen and issue on exporting product. The price will rise and fall all the time that’s the mining market. Whilst these chats and Twitter X outputs can be interesting they do not have to be factual whereas an RNS has (should) be. The Chinese are now clearly in default and an RNS should be immediately forthcoming explaining how they are managing the situation. When things were in reasonable order we had regular communications via RNS. I now list in chronological order the RNS’s concerning the mine sale. You will notice excellent communications whilst things were going well followed by appalling communications after July. Its ridiculous to treat news in a good /bad way. We want factual news good and bad.
20th December 2022. ‘Full operational control will pass to Xinjian on the effective transaction date, with 100% ownership of the shares only passing once Kazera has been paid in full for both the loan and the share sale expected by end of 2023’
30th December 2022. ‘KZG has received cleared funds of $385,868.51 of the first $500,000 payable by Hebei Xinjian Construction ("Xinjian") with a further payment of $700,000 expected tomorrow.
5th January 2023. Kazera Global has received further cleared funds from Hebei Xinjian Construction ("Xinjian") which translates into USD716,265.’
28th February 2023. ‘Kazera Global has received further cleared funds from Hebei Xinjian Construction ("Xinjian") which translates into USD716,265.’
5th July 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.

13th July Kazera Global 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$4.85 million.
14th December ‘To date, we have received aggregate payments totalling c.US$4.4 million in respect of the sale’
As I have said cash is KING. If you are not getting income then you have to raise or go bust. As of July we held 1.2 million GBP cash, we are now 8 months on.
The end of December was a critical date for completion of the mine sale. Please make your shareholders aware formally of the current way forward because that cash is depleting.

[tigerbythetail] 08/1/2024 16:38

Listen to the DE interview from the end of December. He gives a remarkably full explanation of the current state of play re: the Aftan mine sale there.
You can find a link on the LSE board if you go back a few posts.

[penrith] 08/1/2024 08:56

Well December has come and gone. Surely they are now obliged to release an RNS concerning the mine sale?

[penrith] 05/1/2024 13:06

Yes I think you're right it will be a defining first quarter

[drradcliffe] 05/1/2024 12:29

I think it's real. But we'll have a much clearer view of things after Q1.

[penrith] 05/1/2024 12:21

I'm now only 30 percent down.....

[penrith] 05/1/2024 12:20

Is this real or pump & dump. Still small volume. Views?

[dead duck resources] 04/1/2024 12:51

Tiger, it will take time to investigate all the deals and associated companies here so be patient. The link to Vast may be a red herring, it is just a place to start to look for more info on AMS which you will admit is an opaque entity. Any link to Vast plc is only one aspect, there are a lot of other interconnections including Tectonic/Stratmin which may be more instructive.

[tigerbythetail] 04/1/2024 11:21

DDR - If you have any real hard evidence (e.g. directors in common) of a link between Vast Resources and AMS post it; if not shut up.
Some of your posts are libellous, the rest nonsensical. So you should expect people to be blunt in reply.

[dead duck resources] 03/1/2024 20:22

TigerByTheTail, the rude thought-so remark tells me you've already made up your mind there's nothing in the Vast Resources theory, when the research so far is compelling.

1) Vast Mineral Sands is/was a subsidiary of African Mineral Sands (AMS). By itself I
admit it's not enough of a link between AMS and Vast Resources plc, but there's more;

2) Vast Mineral Sands/AMS (Mr Premraj) is associated with Consolidated Resources Pte
Vast Resources plc was incorporated with the name African Consolidated Resources plc

One similar name may be a coincidence but two?

[tigerbythetail] 02/1/2024 08:51

OK, I'll comment.
Dead Duck Resources - show ANY connection at all between Vast Mineral Sands and Vast Resources (other than the coincidence of the name). For instance, any directors in common?
Yes, I thought so. Just another unfounded fantastical slur.
I know some people get their kicks trolling these boards, but it's not healthy.

[penrith] 28/12/2023 13:50

Just looked in after a lovely Christmas.Noticed Tiger by the Tail is as rude as ever with comments about Dead duck resources.." I think pretty much everything you write is worthless cheap cynicism seasoned with a grudge". Seriously how rude can these key board warriers be.
Lets hope we obtain the licence early in the first quarter.
Wishing EVERYONE a happy, healthy, safe and prosperous New Year!!!
PS Bought some Solg before Chrissy at 7p and just sold at 11p...Yeh!!Lol.

[dead duck resources] 27/12/2023 21:38

Research so far. Behind AMS (previous owner of Vast Mineral Sands) is Singapore entity Consolidated Resources which has backed several UK and ASX junior miners (one of which Stratmin Global became Tectonic Gold and then acquired the Vast Mineral Sands license). Consolidated's named representative then was the Premraj fellow from Melbourne who may be a nominee owner rather than beneficial owner.

Penny dreadful Vast Resources plc (contender for worst-performing junior miner on AIM) was founded as African CONSOLIDATED Resources, so it's not just a same 'first' name ;)

[outspan] 27/12/2023 20:16

How very patronising. If only I wasn't blinded by being invested, just imagine how clear things would become. Oh dear, I must remove my blinkers and wise up, be more clever like DDS!

Not hot on any speculation, positive or negative, definitely not hot on mischievous innuendo.

No possibility, tick. Don't do blind faith. Whatever digging you do into AMS/Vast Mineral Sands PTE will not turn up a connection with Vast Resources. Why would it? Oh, I get it, same first name, oh wow, now that's what I call research!

Investigate all you like. Whatever you turn up and wax cynically about next, you don't seem to get the arm's-length disconnect between AMS and the KZG Board running the show, major shareholder or not. KZG played no part in a deal between two private parties, no shares were issued, no money was received by KZG, only by the seller of the shares. The Company cannot control who buys its shares in the market, a fact which I'm sure you know very well so the larger question is why you're so bothered.

So, like TBTT, you may have the time to waste on cynicism but I don't so I too will ignore your posts from here on.

Happy New Year all. DYOR.

[dead duck resources] 27/12/2023 17:37

outspan, is it these posts being speculative that you don't like, or more that they're critical of a company you've invested in? I expect you're ok with positive speculation.

In the example of a possible link between the founder of penny dreadful Vast Resources and new investor AMS (Vast Mineral Sands) if I had demonstrated there was a connection, that post therefore having substance, you'd simply come out with the defence that AMS' past record of failed investments doesn't mean anything or will be different this time.

Nobody can tell you there's a connection between Vast Mineral Sands and Vast Resources because there isn't one

No possibility? What makes you so certain, blind faith? DDR's hunches are pretty good. I'll do some digging into AMS/Vast and see how much unravels here pulling that string.

[outspan] 27/12/2023 17:16

The Sands Worth Billions: How Mining Companies Are Reshaping South Africa’s West Coast

High stakes: The ‘gold fever’ of mineral sands

Whale Head is on the map!

[outspan] 27/12/2023 17:05

Innuendo, innuendo, innuendo, does DDR ever deal in substance? The deal was a Put Option @ 1.5p between two private shareholders, nothing to do with the Company, no new shares were issued.

Nobody can tell you that there's a connection between Vast Mineral Sands Ltd and Vast Resources because there isn't one so it can only be monkey business that would make you make such a mischievous suggestion.

Funny what you say about AMS/Vast Mineral Sands. Why not also point out that Vast Mineral Sands are or were active in the same Alexkor/Alexander Bay area as Deep Blue (diamonds) and Whale Head (HMS).

Now AMS plonks £4.2m real money into KZG shares. Don't know about anybody else but it tells me they know the area, they know the HMS opportunity, they know the Company about to exploit it and there's no other logic than to believe they see a substantial profit even buying in at 1.5p. What else would make sense? DYOR.

[dead duck resources] 27/12/2023 15:10

No problem, hopefully others will find some nuggets of info in DDRs worthless posts.
I won't go as far as you did on Mirriad and say I'm convinced it's an outright scam
but I do have doubts the company is being frank and honest about the 'new' investor.

All we know is 'Prem' Premraj is CEO or represents them (i.e. gets a fee for acting
on the owner's behalf) and Kazera neglected to mention AMS used to own Vast Mineral
Sands Pty Ltd. Odd not to be upfront about that. Is there a clue in the name 'Vast'...
Don't tell me we've gotten into bed with the folks behind -99.99%'er Vast Resources!

[tigerbythetail] 26/12/2023 19:33

Hi DeadDuckResources - I know the law in this field and you clearly don't. Honestly held opinion isn't libel, a direct accusation of criminality (which you made) very much is. (Unless you can prove it is factually correct, of course, which I very doubt you can!).
Anyway, the best of luck to you. But I think pretty much everything you write is worthless cheap cynicism seasoned with a grudge so I'll ignore your posts from here on.

[dead duck resources] 26/12/2023 14:12

TigerByTheTail, I've not accused anyone of fraud, Align Research is just T1ps with a more entrepreneurial owner, Kazera Global and Tectonic Gold your typical penny stock promotes that vend in worthless mining ventures, often acquired from associates. The past management get the credit for the one being sold here, current management to be assessed on how they spend it. Looks like it's going on the beachcombing project and another venture the 'new' investor brings in. Let's see how that goes...

As an example of posts making accusations of fraud, you may like to review your own

on Hummingbird Resources
22 Dec 2023 - 10:55 - 12904
I have my doubts that the company is being fully frank and honest…
I have a hunch there is a problem with the reported mineral reserve.
on Horizonte Minerals
02 Oct 2023 - 14:19 - 13410
I do wonder whether actual fraud will be uncovered further down the line.
on Mirriad Avertising
28 Sep 2023 - 17:12 - 3383
More and more convinced this is an outright scam.

[al101uk] 25/12/2023 00:19

"Both acquirer and company gain advantage by overstating the price paid as it inflates perceived market value. The share agreement could have been the lower of 1.5p or VWAP which also gives Align an incentive to fluff up their reported price to help the VWAP. Seen it before and the opaqueness behind the acquirer implies a dodgy background imho."

This makes no sense.

How is Align advantaged?

Why do you think someone buying 26% of a thinly traded company would only have to pay some variation of the VWAP in the open market?

As I've said countless times before, the share price of some small cap AIM companies can be moved by a single PI buying/dumping £5K of shares, liquidity is a thing.

[al101uk] 25/12/2023 00:16

I know what a put option is. I was asking what purpose it could serve in deceiving investors as to the actual price paid? And how that could benefit both buyer and seller?

There have been lots of posts here saying that something nefarious could be going on and pointing at the put options as a smoking gun, but I haven't seen an explanation as to what that smoking gun represents.

If that's too complex a question to answer here, then I guess we're left with "this looks bad... trust me guv."

I would assume that Align have/had a put option with AMS as the counterparty which forms a contractual requirement for the shares to be bought at the price agreed.

Implied pricing is usually the result of a farm in to an asset where there is no market value for that asset.

Company A with a market cap of £10 million, sells 10% of an asset it owns for £2 million giving the assset an implied valuation of £20 million. Company A still has it's market price and there could be any number of reasons for that.

In the case of Stratmin that's exactly what happened and the call option was granted because the purchase of an additional share was at Stratmins discretion. I don't see anything wrong with the structure of the deal.

Not sure there is any point in people crying foul and then claiming it's too complicated when someone asks them to explain why.