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Big Bazooka - I don't know who pulled out or, in fact, if anyone pulled out and the deal is still live and neither does Funky. But I think we share a strong feeling that is based on: a) the strange way the financing deal has gone b) the idea that the company is almost certainly now generating its own cash or will be very shortly and c) plain common sense that you don't give away a good chunk of your company unless there's no alternative. I think the diamond operation changed everything almost overnight and caused a total reassessment of how the company plans to go further. The share price is now discounting a lot of confusion and uncertainty, as well as the idea that without the external financing, the tantalite operation cannot get anywhere. So if it turns out that the tant operation can proceed nicely without any external financing/dilution, I think you can expect to see a very significant increase in the share price.
gmed-2,
How do you know Kazeera have pulled out of the deal, No statement has been issued to that effect.
gmed - I like the joke !
gmed. I agree mate. Why give away a chunk of ur business when u can spend your profits wisely.
I think you're right, Funky. I believe it was Kazera that pulled out of the deal at the last minute, not the other way around. If that's true, we come out of it better, longer term.
RNS 28th October - FUTURE STRATEGY - Generating cash from early next year will mean that we can fund our own future expansion and that we would only look to additional funding if it was on terms that substantially improved the Company's prospects.
1million percent this is being funded by KZG. Honestly in my opinion and I am putting my money where my mouth is, this price has come down on the basis of this but it will go up and up and up once we have this permit secured and once we start making money. This price won’t stay around here for long. I will be topping up again from anything below 1.5p over coming weeks / months.
FB
Want to no what I think is Gona happen having read the past few important RNS and align research last 3 meaningful tweets on KZG. I think we are going to fund this pipeline ourself. I think that’s why the SP has fallen also. There is signs in the RNS and latest tweets from Align saying things like….
Our own discussions with management have made it clear that given the material newsflow this last several weeks that they believe that the development of Tantalite Valley Mine can be funded from internally generated sources. As largest shareholders we welcome this and can also confirm that some of the speculation of a placing in certain quarters is completely wide of the mark. We point investors to comments from management in the last few RNS’.
Also this
New financing arrangements have just been put in place will allow all the company’s existing operations to be trading profitably before the end of the year (2021)
At the same time, within 6 months of the Mining Permit for the Heavy Mineral Sands (HMS) operation being granted the board expects to substantially boost positive cash flow generation, with the company talking about starting to generate some US$300,000 per month of cash. It has to pointed out that these sorts of numbers are planned to be further improved by bringing in a third party to build and operate a separation plant on the HMS side. Whilst all this is happening, the company looks to be making progress on an application for a Prospecting Right over an area which is something like 34 times bigger than the current site.
Honestly I think we are going it alone. Next update will be crucial and should give us all an indication of what they are doing.
FB
Can't remember how long I've been a shareholder. But I do remember filling in my buy order with a quill, if that's any indication.
Oh and I forgot to say I've also been here since 2015/16
Well let me go on record saying I will not wait till 2025 for this turd to turn around !
Cheers Max. Hopefully us long term and short term holders will see the benefits very soon. Am on record as saying am long term holder since 2016. Will happily wait till 2025 to maximise my returns from
This company.
Good luck all
FB
FB, good luck mate ,as the cliche saying "fortune favours the Braves "..
2021 is nearly over, so any material upside will have to wait for 2022 which is not that far away and I am sure you wouldn't mind it....
Again good luck to you and all of us long suffering holders.
£5k top up today - 461944 shares added. I have total faith in this moving up before new year. Remember 2021 is suppose to be transformational