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Can’t see a placing myself. Wouldn’t look good at all saying to the warrant holders - convert your warrants please so we can have your cash but don’t sell them for X months because we are going to give you some more @ 2p
tucson...no, of course I'm not, how would I know? jasehem had asked "Anyone remember when the objections need to be lodged by for the sands license - sure it was some time towards the end of Jan." My reply was in answer to that. I've previously posted up links showing the HMS Mining Licence is approved but subject to a standard procedure expiring on 25th Jan. I think it's reasonable to expect an announcement shortly after that, given that the routine appeals procedure has been part of every earlier stage of the licence process.
Yes, I've noted that we're on different pages re the need for current funding and I do think you are/will be shown to be completely wrong. One of us will be, for sure. For me, the matter of adequate funding through to cashflow positive has been dealt with in recent RNSs. Basically, a mixture of drawdown loans and conversion commitments from warrant holders (a whole lot more outstanding warrants funding available if needed) plus the first flow of record diamond production in the current cycle and first tantalum shipment, all as we move through Q1.
There may also be first flow from the new diamond processing JV, notably processing the diamonds of all the miners in the area, not just KZG's and of which there was a substantial stockpile because of the inadequacies and blockages of the previous operator, Alexkor. The positive effects of this JV in processing the area's diamonds should not be underestimated. It brought forth real change and is mainly behind why the diamond processing in the current cycle is so vastly different from anything that went before.
So, referring to the low level processing of earlier in the year is no way to judge what is happening now - for that, refer to the 1000 carat aspirations for the current cycle. This, in my opinion, will be more like the new norm - so, I'd say it's a time to take a forward view through the front windscreen rather than the rearview mirror where nothing much was happening. I don’t expect you’ll agree until you see the colour of it. Understandable.
As for HMS, yes, we are led to expect substantial production and income together with enhanced diamond production AND a significant increase in quality within 6 months of licence approval.
Overall – and obviously only my personal view – you will not see the placing you see as being needed. I'm relaxed that they have taken adequate steps to secure sufficient funding from shareholders, other lenders and warrant holders to see them through to the imminent cashflow expected from diamonds, tantalum, perhaps the JV and thereafter HMS in near-term bucketloads.
I’d say give the new dynamic broom CEO a chance and prepare to be surprised, not least by statements you will be able to hang your hat on! ATB
Metalhead25, I realise the plan has been to get to cash flow positive without a raise but the the plan has also been to get a pipline in place and mine Tantalum on an industrial scale. Their expenditure by their own figures are at least 200K per month matched by an income of circa what? 50K per month??? Maximum. To quote C.D. “Annual income twenty pounds, annual expenditure nineteen nineteen and six , result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery” ATB PS GC/NH didnt cough up for the 250K loan.
Tucson, the plan has been to get to cash flow positive without a raise. There are two variables with that - how long to be cash flow positive, and whether there are options apart from a raise to bridge the gap. As to the first, we know from RNSs from Sept onwards that we are making more money from diamonds than before, and we should also now be selling tantalum. So we may now be cash flow positive, in which case no problem. As to the second, I think GC and NH have indicated a willingness to bridge the gap with loans and warrant exercises
Hi Poppyseed, Are you saying we will recieve an RNS on Jan 25th for HMS? If this is correct then am I correct in assuming we will start to see HMS revenue August this year at the earliest? My problem if this is the case is how do we survive over the next few weeks without a raise. The RNS on the 24th December (you know the one they slipped through on Christms Eve telling us they were delaying the financial results) offered the following FACTS. They stated that Cash at 24th December was 30K. They stated that the remaining drawdown from the October loan was 103K meaning 147K of the 250K has already gone. That depleted at a rate of 75K per month!! They stated that Income for the first 6 months of 2021 was 50K....in total 50K! Thats 8k per month despite them telling us that diamond mining commenced in December 2020. So during that period the maximum diamond income we had was 8K per month. They stated the losses for the first 6months of 2021 were 1.2million GBP thats 200K per month!! A raise in the very near future (days/weeks) has to happen doesnt it? I address this to you because you seem to indicate in you post that the companies financial situation is secure. Three weeks ago we were down to 30K. Even the 1000000rand diamond sale only raises 48K and that was at least a month ago. ATB This is not negative scare mongering but genuine concern . Maybe Im completely wrong...
Next week, Jan 25th, for HMS jasehem...licence approved as we know, sensible belt and braces wait until formal announcement I would say. Major announcement on this whenever it comes and formal completion of approval should also see further progress, if not finalisation, with the people wanting to build the HMS processing plant at their own cost.
I think it was said that the record current diamonds cycle also ends Jan rather than Dec, first sales of tant to the new Chinese off-taker expected to be shipped around end of Dec. I think they also anticipated Feb for the full results statement rather than March which should give good insight on current trading. Quite a near-term newsflow can be anticipated.
I also see interims to 31 Dec coming in Mar and, along with the statement of current trading at that time, should also begin to show the increasing earnings trend of the the final quarter of 2021.
They should be getting / have got cash in from the "record breaking" sale of Diamonds in December. They also shipped Tant. to offtake partner so cash from that too. Anyone remember when the objections need to be lodged by for the sands license - sure it was some time towards the end of Jan.
Would be good if the co could start sharing / communicating this info - not just to provide clarify for existing investors but potential new ones sitting on the sidelines
Tucson - I think they just weren't going to let a short-term minor cash flow problem cause long-term dilution. Taking that loan to prevent dilution was probably a very smart move in the longer-term. It came, however, with a price tag, which was a longer delay to complete the pipeline. I personally think they made the correct decision, but as with so many other things, only time will tell.
gmed-2 The company arranged a small loan at the end of last year to keep the lights on. If they had pulled out of the loan because they were now confident that all costs could now be self funded then an RNS similar to 'The board are absolutely delighted to announce that further external investment is no longer required and all costs including the essential pipeline construction can be self funded'. Share price immediately up to 3p plus, probably a lot more. If no news in next few weeks then Im expecting a raise. Cash must be getting very tight.
Align Research make reference to it In one of their updates.
It’s also been discussed on here before. Why would u give away a chunk of your business when u can fund it through your own profits?
Just read the last main RNS. It’s clear to me that they focused on 2 things.
Option 1 was to bring that investment into the company on the basis that option 2 didn’t occur
Option 2 sept 30 RNS Kazera Global has agreed with Tectonic Gold to take control of Whale Head Minerals (Pty) Ltd (WHM), which owns two Heavy Mineral Sands (HMS) opportunities in the Port Nolloth/Alexander Bay area of South Africa.
The profits alone from this will be mouthwatering. Obviously before we get our update on the performance from last year by March I would 100% expect that approval on that mining permit for Walviskop. Then we have the adjacent beach which apparently bears all the hallmarks of having similar characteristics to Walviskop – but is reckoned to be 34 times larger. So again the profits from this alone would fund the water pipeline, further investments etc.
All am doing is sitting tight and buying on dips. Accumulating more and waiting for few years to see how this plays out. Going by everything that’s been said I think I will be happy with my long term investment and for those following I think you will be too.
Kazera Global plc, the AIM quoted investment company, is pleased to report that the Board have now been informed that the banking due diligence on the investment package totaling €9,130,000 announced in previous RNS's has now been successfully completed.
The Company is now awaiting final confirmation of the transfer of funds, at which point it will make a further announcement.