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KZG Kazera Global Plc

0.00 (0.0%)
01 Dec 2023 - 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 Shares Traded Last Trade
  0.00 0.0% 0.575 231,251 08:00:00
Bid Price Offer Price High Price Low Price Open Price
0.55 0.60 0.575 0.575 0.575
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec 107k -2M -0.0021 -2.71 5.34M
Last Trade Time Trade Type Trade Size Trade Price Currency
15:24:16 O 6,251 0.55 GBX

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28/11/202309:11Kazera Global1,582

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Posted at 02/12/2023 08:20 by Kazera Global Daily Update
Kazera Global Plc is listed in the Miscellaneous Metal Ores,nec sector of the London Stock Exchange with ticker KZG. The last closing price for Kazera Global was 0.58p.
Kazera Global currently has 937,164,911 shares in issue. The market capitalisation of Kazera Global is £5,341,840.
Kazera Global has a price to earnings ratio (PE ratio) of -2.71.
This morning KZG shares opened at 0.58p
Posted at 19/7/2023 12:57 by tigerbythetail
Oh, a penny for the thoughts of AMS...
I know that volume is negligible, and as soon as a sizeable buyer emerges the share price will shoot up, but AMS could currently buy 2 shares on the open market for every one they are purchasing from Align at 1.5p.
Somebody has got this share price badly wrong for sure - either AMS or us PIs.
Posted at 14/7/2023 15:24 by outspan
Penrith is right, the CEO has made it clear at various times, including in his last interview, that the contract gives KZG the right to reclaim the mine and retain the proceeds paid to date if Hebei default.

Witness last interview from around 7:45 in connection to a further $1m having been received from them in the last month "every single dollar they pay us, is a dollar they don't get back..." In which case, the fact that they are still paying chunky sums surely heavily underscores their ultimate intent.

Interest is also accruing at 8% on the amounts outstanding so, assuming completion, the price paid will now be a chunky bit higher than $13m. If they default and KZG exercises its right to reclaim the mine, the c. $5m already banked by KZG, is a considerable buffer against the sale of the mine to another party at a lower price, or a considerable bonus if sold at around the same price.

What I think is clear from his answers on the subject from around the 5 min mark, is that DE does not intend to ever operate that mine again. The future is elsewhere, as he suggests many times in the interview concerning the money they already have. So it'll either complete with Hebei or it'll be sold to another party but, either way looks win win for KZG.
Posted at 14/7/2023 07:58 by tigerbythetail
Well, it takes many differing opinions to make a market. And it's obvious (esp. from the LSE board) there are still many embittered legacy shareholders from the days of Kennedy Ventures / Giles Clarke. Typically, "stale long" PIs wait until they get back to breakeven and then sell-out, so they'll be a drag on the share price if and when it moves up. That's how it goes, I guess.
KZG is a new company now. New management, new balance sheet, new major shareholder, new jurisdiction, new commodities, etc. So banging on about Giles Clarke isn't constructive. It doesn't really matter what the share price did in the past, based on the bad information that investors were spoon fed by former management. The question we should all be asking is, is KZG a good buy at its current price? For my money, the answer is decisively yes.
Obviously AMS agree with me, since they're paying 1.5p per share for 29% of the company.
Posted at 13/7/2023 07:35 by tigerbythetail
So, given we know what we know, how on earth is the share price down here? It's ridiculous.
1) A "player" in the Heavy Mineral Sands business is buying 29% of the company at 1.5p per share - double the current share price.
2) The market cap is £7.5m = roughly $9.5m. But there is still about $8m to come from Hebei and the company is debt free and its cash balance must be healthy given the payments already received.
3) The HMS business is a superb mining opportunity.
I'm flummoxed. I guess it's just AIM. I can name small cap mining companies as crazily overvalued as this is undervalued.
Posted at 13/7/2023 01:03 by outspan
"Will AMS make a bid to take the whole company private at 1.5p per share? It must look tempting!"

Tempting, perhaps, but my own fancy is that that's not their plan. I think they see KZG as a vehicle to further their growth ambitions via its London listing and its relatively near-term capacity to deliver serious free cashflow in order to bolt on or take stakes in new, probably deeply undervalued projects and opportunities at this time, similar to KZG.

They sure ain't parting with £4.2m for a stake that AIM currently values at around £2.2m without good reason or a plan. I suspect that plan to have a medium to long-term vision and, now that they have the voting rights, I expect to see first signs of their influence on KZG before very long, I would not be surprised if it's well before this year is out or why the earlier arrangement to acquire full voting rights?

As Dennis says of AMS," of their principals is involved in a number of big infrastructure projects, both in Africa and in America. They see, I believe, Kazera as a strategic investment and they see a number of opportunities that can be created by introducing deals to Kazera and allowing Kazera to be built up. So they see Kazera as being a much, much bigger company, in a fairly short period of time.

Certainly, some of the things we have looked at and are currently looking at with them, are very exciting and will make a very, very big difference to the scale of Kazera....

[Re AMS holding] does mean they have a substantial influence in what happens in the future, going forward.....[Should shareholders be concerned]....Oh no, their interests are very much in seeing Kazera grow and in seeing additional value. They have paid a premium, a substantial premium to the current share price which makes no sense at all unless they can increase the current share price and see a return on their investment so that's very good news for everybody...."

I say, in the land of smoke and mirrors, follow the money!
Posted at 19/4/2023 10:51 by tigerbythetail
Presentation good as far as it goes, but I don't think it will move the share price today.
The bad news:
1. from one slide it seems our "junk" shareholders (i.e. Spreadex and Giles Clarke allies) still hold about 10% of the company. Those shares will need to be chewed through before the share price can move up. (This I think is the real reason for the share price being so low, despite AMS buying 29.9% of the company for 1.5p per share from Align.)
2. No income from diamonds yet - delays with Alexcor in processing and selling the diamonds. Did promise news of sales (!) in a few weeks.
The better news:
1. Trial mining of HMS to begin end of May with first revenues shortly thereafter
2. Full scale mining of HMS to begin end of September when new plant is installed.
3. Chinese have paid $3.5m to date for Aftan and are up to date with payments at the moment. They've also ordered equipment and are exploring the purchase of other concessions nearby (as well already knew). So the chances of them backing out are pretty limited at this late stage. $9m still to come by end of year.
4. AMS should pay Align the second tranche of the money due for their shares in a week or two, at which point the voting rights of all those shares (29.9%) will become theirs. That may be an interesting moment(!).
5. Over and over, DE emphasised that HMS is the company maker here.
I'd certainly expect the share price to be over 2p by winter. When it will move, I don't know. But - unless there is a nasty surprise hidden somewhere - move it must, sooner for later.
Posted at 01/4/2023 22:39 by outspan
Wouldn't disagree wildly with the above targets or the need at this stage to remain cautious about delivery and set-up timescales for separator but, personally, I'd throw in more potential for other positive catalysts to occur along the way.

Some possibilities in no particular order:

New Tax Year/ISAs to increase demand?

DE interviews.

Update on diamond production and sales.

Update on HMS production from newly installed double-deck 500-micron screen, mainly to upgrade to 60%+ concentrate for approval by (up to 4) prospective offtake partners and to stockpile for faster 80%+ concentrate production on arrival and commissioning of separator plant.

Offtake partner deal?

Share buyback? - when Align was questioned on this on Twitter recently they replied "We have suggested a staged share buy back over a rolling 12 months to reduce share count and enhance NAV further. Prob when receipts from Hebei exceed $5-6m is appropriate point. Likely early June re this stage."

AMS to want to maintain stake at 29.9% following exercise of outstanding May (and Oct) warrants? We know AMS has a contract for 280m shares (currently 29.88%) from Align & related parties to be exercised in tranches through 2023. However, what will AMS do if the share price remains under 1.5p, assuming 116m warrants @1p are exercised in May, thereby reducing their 280m to just 26.58%? I know what I would want to do. Will they? Similar in Oct but for c. 40m warrants.

So, re May warrants only, potential for AMS to be buyers in the market for 3.41% (c.36m shares) of the enlarged share capital just to stand still. Separately, according to Align, potential also for Kazera to embark on a programme of share buybacks from around Jun onwards. Worth noting in this context that full exercise of May warrants would also mean £1.16m added to KZG coffers (Oct warrants c. £400k).

A commitment of just £2m of KZG's growing cashpile by then would see them embark on a programme seeking 200m shares @ 1p (133m @1.5p), to be removed from the market and cancelled. So what would any such combined demand from AMS/KZG do to the market I wonder?

Update on additional HMS mining licence(s) in adjacent areas?

New venture(s) either sourced in a normal way or introduced by AMS?

Strategic investment of growing cashpile directly into similarly undervalued mining companies with near-term potential but without access to funding on reasonable terms in current conditions? REE? Gold?

Offer for TTAU's 10% of diamonds/current effective 40% of HMS to provide funding for their core gold ops?

Bid received from AMS or other major HMS player? Always a possibility if market continues to undervalue.

Dividend declared?

Not necessarily an exhaustive list and includes some far-fetched notions but, nevertheless, a stab at some possible catalysts for demand and share price improvement beyond the "straight and narrow" pathway and timescales currently to hand.

More or less a new company on all counts here. Once the HMS proves to be a much more exciting asset than is generally appreciated, once the cashpile is allocated wisely, once a bit of confidence returns here, it should be a totally different game here and we'll know why AMS are coming in now at the current 50%+ premium!
Posted at 30/3/2023 09:16 by tigerbythetail
Many thanks for all the detail, Outspan - it's very helpful.
1. It seems to me that Tracarta (aka Giles Clarke & Friends) and Spreadex are both committed and current sellers. That's a lot of shares (hard to know for sure, but very roughly c. 7% of company still to be sold through the open market). That would explain the strong selling into the rise on suspension being lifted.
2. FWIW, I don't understand why Spreadex had built up such a large position in the company. I can't believe they were trading on their own book; they must have been hedging something. Any ideas, anybody? Had Align taken out a big spreadbet long position with them on KZG; is that it?
3. Align (& related parties) declared 20.5% direct shareholding, plus a few percent in financial instruments. I'm not sure what they mean by that - was that a long bet with Spreadex??? Certainly, I take your point about the warrants - they'll have lots of them, and it's easy money to cash them in at 1p and flip them straight out to AMS for 1.5p. I wish I could make money that easily!
4. I think, if you add up the Align shares + financial instruments + warrants (assuming they are exercised) it comes to a potential interest in KZG of over 29.9%. So the question then becomes will Align hold on to those extra shares, or will they join the list of sellers.
5. There are also a fair number of PIs who invested in a tantalum mine on the basis of the former Chairman's statements. Judging by the LSE board, most of those investors are disillusioned, poorly researched, and want out as soon as they get back to break even.
6. All in all, that adds up to a lot of selling pressure, and the lack of "action" in the share price means that few PIs are looking at the company. Volumes are low.
7. Kazera is pretty much a new (and much better) company now - new CEO, new cash-heavy balance sheet, new business, new major shareholder, new website, new everything. The current share price is absurd. But, IMHO, it will take time (some months) for the share price to come "right". But the potential gain is big, and the risk is relatively controlled, so "give me the patience I need"...
"Buy" triggers are basically holdings RNS indicating Spreadex/Tracarta/Align reducing and AMS increasing. An AMS takeover offer must be a possibility here; if you put yourself in their shoes it makes a lot of sense (if they've got the money to do it).
Posted at 29/3/2023 09:00 by tigerbythetail
Hi Farrugia!
Thanks for calling them up and getting the answer to that question.
KZG's share price is a complete mystery to me as well - should be way higher. Heck, African Mineral Sands are buying 29.9% of the company at 1.5p - presumably because they think that's a good price. What does that say?
My only explanation for the share price is that tired old cliche - share overhang. We have large sellers (Spreadex? Associates of Giles Clarke?) who have simply placed huge sell orders with the market-makers, and we need to chew through them before the share price can move up.
In answer to landersd, I'm assuming that the heavy mineral sands (aka "the company maker" here) is currently being stockpiled ready for the new plant to arrive and be commissioned (another 4-5 months for that). So no income from that for a while yet.
I'm also assuming from the company's silence that they are not receiving any income from the diamonds yet - diamonds are clearly being mined, but then they have to go through a slow sales process and KZG have to get the money. That could be quite a lag.
But if you combine the cash on hand, the cash due from the Chinese for Aftan, and the forward prospects of the HMS business (even without allowing for new licenses), then the "buy" case here looks very solid to me.
Things that could go wrong? 1. The Chinese decide that they can't make TVM / Aftan pay and walk away after blowing a few million dollars. Unlikely now, I think, but not impossible. 2. Usual Armageddon scenarios - world economic collapse, price collapse in basic commodities like ilmenite, South Africa meltdown etc.
FWIW, I'm putting my money where my mouth is at these levels.
Posted at 19/3/2023 18:41 by wrtmf
thanks to thebasher on lse

March 15, 2023 | Posted by admin

I believe it appropriate to give some context to the news out this morning in regards to the sale of our entire holding in Kazera to African Mineral Sands. As close followers of ours will be aware, we have attempted to pioneer a new avenue in the field of research this last 7 years that has proven, on certain counts, to be a difficult endeavour in the UK small cap arena. Sadly, we have realised that the very vast majority of companies are under capitalised (creating conflict between shareholders and directors) and the calibre of directors, drawn typically from a known slate of parties, leaves a lot to be desired. During this period, and in order to attempt to preserve value for existing shareholders, we evolved a supportive funding package to stave off unnecessary equity dilution. This has worked in some instances and not others and in various companies we have been forced to become activist more often than we would have liked. This has understandably taken its toll on me personally.

Net effect of all these experiences is that, at the age of 50 this year, the utility of “time” as opposed to money has much, much more meaning to me and so when the opportunity to sell a large block arises in each of our major stake holdings then I am inclined to take it (subject to appropriate value of course). Some parties have asked why we would sell our KZG stake for a little more than the forecast cash value post final receipt of the Aftan sale monies and the answer is simple – attempting to sell 280m shares in the market would take many, many months and act as a major overhang. From the buyers view point also, their interest is clearly making money and so they would not be prepared to pay full value for the shares otherwise what is the point in the transaction for them? I have learnt that in a business transaction – BOTH sides need to feel they have a good/fair deal or it will ultimately fall apart. The benefit for KZG shareholders is that there is now a new rebasing of the stock price and a seasoned and well capitalised player in the Mineral Sands space that can add value on multitude counts at the SA operations.

Perhaps equally importantly, this deal also takes out in one fell swoop a potential large overhang from Catalyse/Align/me (just look at Woodbois this last 6 months to see what happens to a stock price when a large holder decides to sell) and it provides for a new & invigorated direction to complement the CEO Dennis Edmonds. During the last 3 years I have been instrumental in supplying capital to Kazera in a minimally dilutive manner, have advanced loans to avoid placings at wrong share prices and have supported the current CEO and been a cheerleader for the stock. It is time to hand over the baton. I thus wish KZG shareholders old and new all the success in the world and believe that the company continues to have a fantastic future.

R Jennings
Kazera Global share price data is direct from the London Stock Exchange

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