Kazera Global Share Discussion Threads

[penrith] 15/1/2024 02:41

Yes cash in put required 1st Qtr. As shareholders we need to know the latest position on the mine sale it is critical to our short term future. They have a history of exaggeration and dubious statements hence my insistence on a up to date formal RNS on the current mine situation and cash statement

[dead duck resources] 14/1/2024 23:03

Xinjian is in arrears and not in compliance with the Agreement, nonetheless we have elected not to exercise our contractual rights to terminate the contract given that:
· Kazera retains ownership of the shares as security until all amounts are received.
· Communication is constructive and we believe outstanding sums will be forthcoming.
· Quite simply we're desperate for the cash, with a high run rate (our cash balance
in the year to June 2023 was broadly flat after £2.3m cash inflow from the disposal)

FY to June 2023
[£0.6M at period start]
+£2.3M inflow from Xinjian
-£1.2M outflow from admin
-£0.5M loan/interest repaid
-£0.1M capex
[£0.7M at period end]

H1 to Dec 2023 estimated
+£1.0M inflow from Xinjian (as reported)
-£0.7M outflow from admin (some operational staff hired)
-£0.4M capex/ops
[£0.6M at period end]; further funds needed by end of Q1

[tigerbythetail] 14/1/2024 13:46

I'm not doing your homework for you, Penrith. But your numbers are all out - by a large margin.
Additionally, it's false to calculate an average cash burn for the period in the way that you do when expenditure will have been lumpy, to say the least. (E.g. the Capex involved in buying the trommel.)
Honestly, I'm not sure you should be investing at all. Maybe a tracker fund?

[penrith] 13/1/2024 03:18

All my numbers are wrong. That's a dramatic statement. Let's just start with the cas number in July is that wrong?You will have to translate your last sentence. The point that everyone including you avoids is the cash position . We have no revenue and cash is running out. Answer that question the research is easy on cash.

[nicosevos] 12/1/2024 15:55

C&P X

Kazera Global Investments PLC@KazeraGlobalInv 5h

The Sands Worth Millions

💡 The sand on the West Coast is rich in zircon, ilmenite and rutile, the so-called heavy minerals. Hence, the sands are referred to as mineral sands or heavy mineral sands.


The plant to start operating immediately on receival of National Nuclear Regulator permit anticipated Q1 2024.

[tigerbythetail] 12/1/2024 15:46

No, the question mark is quite appropriate. Your numbers are all wrong, Penrith.
Please do some proper research before posting. Start with using the correct number for cable over the period...

[penrith] 12/1/2024 01:07

The question marks should show the pound sign.

[penrith] 12/1/2024 01:06

As of the 12th of July we held £1.2 million cash. In May 2022 we had a raise of £1 million. Since then we have received approximately £3.4 million. That means over the 14 months period between May 2022 to July 2023 we consumed £3.2 million cash a run rate of £200k per month. Without cash from the mine sale and without income from the HMS in the 1st quarter then a raise is inevitable. A factual update on the mine sale is essential everything else is irrelevant at this moment in time.

[steddieddie] 09/1/2024 13:52

What is this? The law according to Penrith?The deal was in default months ago, a further breach on final date makes no legal difference. The latest state was formally explained in Dec. IMO reporting requirements have already been met.

[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 ;)