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KZG Kazera Global Plc

0.725
0.075 (11.54%)
24 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
  0.075 11.54% 0.725 0.70 0.75 0.75 0.65 0.65 11,578,882 15:45:58
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec 55k 6.71M 0.0072 1.00 6.74M
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 0.65p. 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 £6.74 million. Kazera Global has a price to earnings ratio (PE ratio) of 1.00.

Kazera Global Share Discussion Threads

Showing 1776 to 1797 of 1850 messages
Chat Pages: 74  73  72  71  70  69  68  67  66  65  64  63  Older
DateSubjectAuthorDiscuss
21/1/2024
12:17
Thanks GBCol. Well it was an interesting listen. If I had heard that interview 4 years ago after investing in a Tantalum mine I would have walked away. The risk reward as has been demonstrated so far wouldn't have stacked up. The conundrum now is how to proceed. I'd no ideal of the 150 wagon planned invasion that took place. I had no idea it was essential for the army to get involved my only information was there had been'some' thefts.Before Covid I had visited Namibia and South Africa a couple of time and comparing the two in general is like comparing first world to 3rd world.I think the guys track record is not something I would have invested in and quite a bit of what he had to sayI found as waffle.
penrith
20/1/2024
12:35
Interesting interview with Dennis Edmonds.Worth a listen IMO. General discussion but some specific comments that are quite interesting and relevant for investors here.


A Dive in the South African Heavy Mineral Sands

gbcol
18/1/2024
13:52
Who sells 2 shares?
cloud9surfer
16/1/2024
14:01
DDR, I think we agree about 1% of the time, so it makes a refreshing change ;-)

I have nothing to gain either way here, just interested by the discussion and Tigers refusal to discuss numbers that are readily available. I thought I'd lose interest here once GC was ousted, but it seems the drama has only multiplied.

I'd be very interested in what constitutes those management fees but there are no notes to either the admin costs nor that line in the cashflow. If I held shares I'd at least ask the question of investor relations.

al101uk
16/1/2024
13:43
Thanks al101uk, a refreshing change from TigerBytheTail's default position of refusing to accept the figures.

Just to add, I reduced the £1.5M admin by the £0.3M share-based and depreciation amounts from the cashflow statement so as to look at admin cash cost. I didn't catch the plc mgmt fees, good spot. If there is more hiring of workers at the subsidiary level maybe we will see admin north of £1.5M in 23-24.

dead duck resources
16/1/2024
11:17
Ah! Just seen what that rise in admin costs are . At the company level they have £1.15 million in "management fees" that are then rolled in as an admin cost at group level.

I'd guess on that basis they'll stick around and DDR is correct to assume H1 management fees will be half that of Full Year 2023.

al101uk
16/1/2024
11:10
OK, you drew me in, had to look at the numbers posted and see if they are completely made up.

DDR gave a very clear assesment of his view, so I'll start there:

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]

You can't really argue with that final figure, it's right there at the bottom of the cashflow statement.

Weirdly, DDR has 1.2 million of admin, where as results appear to state £1.5 million. I assume he meant loss from continuing operations? Even on that basis the number is understated.

Loan interest payments look pretty irrelvent and don't really factor in to anything else, so... whatever. Payables still ended up higher at the end of 2023 than they were EOY 2022 though. Might, possibly be a cost there?

Capex is a finger in the air job, no matter the number from 2023.


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


I can only find $650K of payments from Xinjian since June 2023?

Cash outflow could be exaggerated for admin as they trebled admin in 2023 vs 2022. Is that a new norm or likely to moderate?

I'm sure there will be capex, there has to be to get the processes in place for HMS, but just acknowledging that fact is about all you can do. I don't think £400K is unreasonable.

That gets me to:

YE 2023: £700K
Cash In: £514K
Cash on hand: £1.214 million

Cash Out:
Admin: £400K (split the difference)
Capex: An amount greater than £0, don't really have a problem with £400k DDR used.


End of Q1: £600K-ish?

Safe to assume that the likely cashburn for the second half will be in the same ballpark, so more cash needed at some point in H2 by whatever means.

But the margin of error is huge!

al101uk
15/1/2024
11:49
FY figures were taken from the final results as reported in GBP, no need to look up exchange rates. We know the GBP value of sums from China in H1 23/24 as they were reported in the post-period section at c.£1.0m

As for reasonable assumptions, admin costs were £1.5M in the year with a small amount of share-based. I've assumed £0.7M admin cash cost for half year to Dec which saw a ramp-up of activity, quite reasonable.
With only £0.1m capex in the year to June, looks like some costs were deferred until delivery so £0.4m for the half-year seems reasonable, perhaps even understated.

Cash running out by end of Q1 then unless further funds from China, but KZG mgmt are a soft touch, the Chinese know they have them over a barrel and can pay when they like and as little as they like.

dead duck resources
15/1/2024
11:23
It's really not hard to look up the right numbers and use the right exchange rates and make reasonable assumptions. That goes for both of you. Clown show.
tigerbythetail
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
penrith
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

dead duck resources
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?

tigerbythetail
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.
penrith
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.

nicosevos
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...

tigerbythetail
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.
penrith
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.
steddieddie
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.
penrith
09/1/2024
09:11
See Dec Final Results statement for formal RNS update.
steddieddie
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.

penrith
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.

tigerbythetail
Chat Pages: 74  73  72  71  70  69  68  67  66  65  64  63  Older

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