Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Sorry, was only trying to explain the current low SP. Why it popped so high in 2017 I don’t know
Metal
Number one makes no sense to me at all. There was no finance in place initially yet the sp was shooting upwards. No confirmed income either st the same time.
again, not so sure of your second thought. momentum and sentiment are most definately important, totally agree. The imagination catching - it certainly caught the imagination initially, so with the now greater understanding of the potential (jorc etc) i just cannot see this can be used as a reason. The company is better know now than previously.
Two possible explanations:
1. After a long bad run, the market needs to see the finance in the bag before believing the turnaround is on.
2. The fortunes of shares like this are heavily dependent on sentiment and momentum and this one just hasn’t captured people’s imagination yet.
I think both are true to some extent. Certainly, in relation to 2, it’s very rare to see people talking up KZG on other message boards, whereas the boards of other small cap miners are full of mentions of the likes or Corcel and Rockfire. That could change at any time.
In simplistic terms, the potential initially here was ONLY the possible high grade tant (despite the crap management at the time). Share price rocketed to 15p on the potential, before collapsing to sub 1p
Tant proven by Jorc, with the side benifit of lithium followed, the sp didnt return to 15p highs.
Then the diamonds income come along, a little more than a penny rise.
Sands news arrives almost at the same time, no appreciable further gain.
Then the funding news comes along, with pipeline and development monies 'in the bag' (is it realy?) Again, no great Sp activity.
So my question to all the rampers is.
Why after hitting 15p on JUST the Tant news, are we so far far away despite all the other so called transforming ADDITIONAL 'benifits'? and please dont blame Covid or say more 'patience' needed because thats nonsense.
Align put it like this Waterloo:
"...The issue has been priced at this sort of level to reflect the company’s net asset value when taking account of developments and prospects in the diamond and HMS operations – although the statement this morning stopped short of saying as much..."
There was high expectation on the news, and hope that this share would match some rockets that went off in the minerals sector this week. I was leaning in to my account waiting for this one....might just have to join funky beats and top up..
Can anyone explain the significance of 2.7p in the deal..it doesn't make sense based on current sp..
Extremely disappointing news. A big slip up by LJ after previous rns basically implied funding was a done deal.
Seemingly that is no longer the case.
All appeared to be proceeding smoothly but now big question marks.
As to the rest of the rns, well a big fudge. No figures ( not in the least unusual) just jam tomorrow.
Apologists will once again say " mining takes an age, Rome was`nt built in a day etc etc"
Bad management, expected more from LJ , who I`ve come to admire.
Bad day for KZG however you choose to dress it up.
Still holding as always but pretty hacked off with this nonsense.
TP
Not disastrous, but disappointing.
Offtake agreement with the Chinese could be a game changer. I'm sure they would step in with investment if the 740kg ore sample proves decent.
I'll be holding.
if only yet more patience put tea on the table, but it doesnt.
Nothing short of a disasterous rns, and no other way to describe it, without crossing your fingers.
Hi FB, some of us do believe there is genuine value here, just like you - it's just that the wait to gain some real traction is frustrating as stated by LJ himself. Without investment from someone, we are not going to move forward very quickly on any of these fronts. Hopefully, this investment will come in within the next 2 months. GLA TJ Mac
I hardly think this is a market over reacting - patience by SH has been given, years of it, this is a thoroughly depressing RNS. Employee's not taking salaries for months. The word "appears" shows we have zero control over events and as Tuscon says no real figures on diamond mining after months and months of operation. HMS license was meant to be obtained last year. Deep breath and let's all hope that this Namibian investment does come through and KZG can at last start moving forward properly. TJ Mac
Markets don’t like uncertainty and they always overreact to good and bad news alike......what is again worth underlining is that mining takes years to build a company from scratch especially in the African subcontinent.......Covid has not done us any favours...... As LJ has alluded to, the board is as frustrated and disappointed as its shareholders........further patience needed here.........
The market doesn't seem to favour the RNS.
FWIW my taking on today funds delays is that the successful DD from the investor/s is unlikely to fall now but it is a possibility that they are trying to negotiate better terms than what was originally agreed....I just hope a decent outcome for us.
GLA.
and the potential offtake agreement
I see today’s update as broadly positive. It was pretty clear already that there was some sort of delay or issue with the new equity investment so to have it clarified that the investment is still on track albeit delayed is encouraging. Great news that work is continuing in the meantime. And encouraging noises on diamonds and HMS.