Kazera Global Share Discussion Threads

[drradcliffe] 15/8/2024 08:12

@red army

hxxps://theoakbloke.substack.com/p/kzg-at-a-diamond-in-the-rough

[farrugia] 15/8/2024 07:55

getting the permit is no doubt a great achievement - kazera could be worth a lot more now.

[red army] 15/8/2024 07:43

Does anybody know what the worth of these mines are??

[cloud9surfer] 15/8/2024 06:17

Big news for Kazera.

[penrith] 14/8/2024 10:29

Another 3 million sale. This is every day now. Are we being taken for mugs. This is starting to look very dodgy. These sort of sales in the past would see the share price plummet yet the share price is being held up by a few pound worth of buys.Aim at its finest.

[penrith] 13/8/2024 10:01

Lot of very odd extremely low value trades today and one high value sell. Sp seems reluctant to drop below 5 which surprises me.

[kemche] 09/8/2024 11:20

Pharmacal all over this.

[al101uk] 09/8/2024 10:42

They aren't broke.

[al101uk] 09/8/2024 10:36

"I also assumed that since Hebei had paid $5m for the tantalum mine they would stump up the rest."

This is the one that gets me too. The only conclusion that I can come too that makes sense is that Hebei still want the mine, but it's not the deal they thought they were getting. They know Kazera are in no position to pull out and so are just renegotiating on price. That could be the saving grace for Kazera. Getting additional funds from that deal could, if I were to put my rose tinted glasses on for a moment, pay the radiation mitigation costs on HMS. I guess the other alternative, as you say, is that they just ran out of money, but why drag things out if that is the case?

John Wardle & the Ironveld management have done many of these loan deals over at Ironveld, they mean nothing. The terms here are a little more onerous, he doesn't normally get himself 150% of the value in warrants.

Feb this year:

Ironveld PLC - South Africa-focused mining company - Enters into loan facility agreements with Tracarta Ltd, in which Ironveld Executive Chair John Wardle has a beneficial interest in. The deals entail Ironveld being able to draw down GBP375,000, with GBP250,000 via a 12-month extension of an existing agreement with Tricarta at an interest rate of 11% per year, plus a new GBP125,000 facility with a six-month term and an 11% interest rate with a 2.5% fee.


April this year:

This latest agreement will allow Ironveld to draw a further GBP125,000 on equivalent terms to the existing loans with a six-month term and 11% interest per annum.

Giles Clarke & Nick Harrison in 2021:

Ironveld confirms that it has entered into loan facility (the "Facility") agreements with Directors, Giles Clarke and Nick Harrison, for a maximum of £200,000 in order to allow the Company flexibility in meeting ongoing operating costs prior to the closing of the transactions with Grosvenor.

Grosvenor was a finance deal that never happened and most investrors suspected would never happen by the time this loan was made.

[citys2874] 09/8/2024 10:27

good to see CGH and KZG in the top 3 risers today, CHSS is also looking ready to lift too....Happy Friday for all today

[tigerbythetail] 09/8/2024 10:06

Just to say I got KZG completely wrong a year ago.
In hindsight the news that the HMS sands were radioactive and therefore needed a special licence to handle was a huge sell signal, and I missed it. My bad.
I also assumed that since Hebei had paid $5m for the tantalum mine they would stump up the rest. To be honest their behaviour still puzzles me - do they have financial problems of their own? Is it somehow related to their parent company (Chinese real estate - a truly trouble asset group)? Is it related to the collapse in lithium prices? But facts must be faced, the Hebei debt now must firmly be categorised as a bad debt. I'd sell if for a fraction of its worth, if there were a ready buyer (there isn't).
So, all that said, please feel free to ignore my ramblings on here. If I was completely wrong once I can be completely wrong again.
I can't help thinking that the window for success that KZG had is now closing, or has closed already. Hebei money ploughed into the HMS venture sounded like a good business idea. But it's failing at both ends currently. And lots of red flags over corporate governance are flying.

[penrith] 09/8/2024 09:51

Yep Al I agree I was just surprised in speed of change in opinion. You should respect my opinion as I have changed from 110 percent in favour of the company that was a Tantalite mine to 75 percent against a company that is struggling with sand and diamonds Lol. Yes I have read the loan agreement but you miss my point . The loan would be irrelevant if we agreed a deal on the outstanding debt on the mine of say 1 million GBP. The sale as with most of the KZG deals is shrouded in dis honesty. My view on the license being granted as a result of the loans has moved from 50 50 to 60 40 in favour.

[al101uk] 09/8/2024 09:21

Penrith,

Look at the terms of the loan.

I think being capable of changing your mind as facts become clear deserves 100% respect and is the sign of a good investor. I hope if someone were to point out obvious flaws in what you or I think we would have the same ability and humility.

[penrith] 09/8/2024 08:59

Tiger you seem to have turned around 100 percent since you attacked me and other posters who made the very points you are now making. I also find it strange that we haven't done a deal on the mine which would have made this loan unnecessary.It would appear that everything now relies on the license. I'm slightly encouraged that the loans would not have been made unless the people making the loans believed the license was fairly imminent.

[tigerbythetail] 09/8/2024 08:42

Well, a loan like this is better than an equity raise.
I was hoping that they would screw a bit more money out of Hebei in return for knocking down the price of Aftan (the tantalum mine). But no. That seems to be a long term bad debt now - something which will have to be addressed in the next accounts as they booked the supposed funds in the last set.
Since the diamonds are small beer (even if they happen), everything depends on getting the HMS nuclear permit. But I still ask the question, would you give a permit to handle radioactive materials to a company so clearly financially unstable? I wouldn't.

[cloud9surfer] 09/8/2024 06:55

Another positive RNS IMO with another mention of 1p per share. Management and associates seem to be very confident of this 1p figure. Let's hope it happens soon!

[outspan] 08/8/2024 17:29

Ask the taxman ;-)

[al101uk] 08/8/2024 15:47

As could your money :-)

[outspan] 08/8/2024 14:52

I agree, your time could be better spent!

[al101uk] 08/8/2024 13:39

"I get your drift but I find it rather illogical to assume Tectonic would agree to a share issue @ 1p as part of their deal if it was coupled at the same EGM to issuing stock at anything less than 1p."

I refer you to the recent past with African Mineral Sands.

[al101uk] 08/8/2024 13:35

Started this thread in 2018, when Kazera was born. Started posting in 2014 when Giles Clarke and co took over what was then a shell company called Kennedy Ventures. I was interested because I'd held a a position in Amerisur since 2007. I've also followed Ironveld through it's turbulent journey. It's been a ride. I held Amerisur for years, Ironveld for a couple of very short periods and I've yet to hold Kazera, quite unlikely that I ever will at this stage.

And yet I currently have 34 tabs open on my browser researching this company.

I suspect my time could be better spent.

Anyway, a couple of things made me laugh from outspans post, maybe only because of my long term interest.

"Alexkor, they do not mine anything themselves, they issue licences to sub-contractors. So they cannot possibly profit from diamonds unless others do too."

This actually happened in the fairly recent past, Kazera mined diamonds that were non-commercial due to their contract with Alexkor. It's actually a big part of the companies history.

"The imminent word has been used rather too much to believe something more solid isn't behind it"

For a moment I thought you were around in the Amerisur days, the word "imminent" became famous and was a byword for something completely the opposite. It was a meme before memes were really a thing. It related to an oil pipeline the company was constructing that was to be a game changer. I think it got to management eventually because they stopped using the word in RNS's.

A clip from a post of mine back in 2016:

"KENV announcements of positive cash flow next week, IRONs announcements of fantastic financials and final stages of due diligence by the banks, IRONs unannounced change of strategy, KENVs two changes of strategy (fast tracked upgrade followed by lithium potential). AMERs "imminent" pipeline, lack of drilling results, Paraguay suddenly going off the radar (at least they gave some indication of that one)."

Just amusing myself on a Thursday afternoon.

[nicosevos] 08/8/2024 06:43

C&P KZG LSE