Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
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Highlights:
· Initial operations have been focussed on areas identified by management as likely to be high in diamond content;
· Since beginning operations approximately 33,000 tons of overburden at Cliffs East Mining Site have been removed from the inland diamond deposits at Blocks CL284, CL286 and CL288, exposing around 3, 800 tons of diamond bearing gravel;
· The gravel has been removed and is currently undergoing in field screening to ensure that only gravel containing diamonds is transported for final diamond recovery;
· Initial evaluations are that diamond content will comfortably exceed the average predicted grade of 6 carats per 100 cubic metres;
· The first auction in which the Company is expected to participate will be at the beginning of the fourth quarter with anecdotal evidence indicating that diamond prices are holding up well despite the Covid 19 epidemic.
Highlights:
· Initial operations have been focussed on areas identified by management as likely to be high in diamond content;
· Since beginning operations approximately 33,000 tons of overburden at Cliffs East Mining Site have been removed from the inland diamond deposits at Blocks CL284, CL286 and CL288, exposing around 3, 800 tons of diamond bearing gravel;
· The gravel has been removed and is currently undergoing in field screening to ensure that only gravel containing diamonds is transported for final diamond recovery;
· Initial evaluations are that diamond content will comfortably exceed the average predicted grade of 6 carats per 100 cubic metres;
· The first auction in which the Company is expected to participate will be at the beginning of the fourth quarter with anecdotal evidence indicating that diamond prices are holding up well despite the Covid 19 epidemic.
Animal
I am no expert but my calc was as follows
100 cubic meters equates to around 35 tones of pay dirt. We have "exposed" 38,000 tones and, assuming it is all diamond rich pay, equates to 1085 "100 cubic meters". Based on the 6 carrot minimum per 100 cubic meter that could mean up to 6,500 carrots are out for auction?
My may however be well off the mark with this one
I’m no expert, but I think you may be underestimating. This is just one reference from many I found saying the same thing...
https://www.diamondse.info/diamonds-price-index.asp
So taking a mid-price of $10,000, 152 carats could be worth $1,520,000....
Can anyone with a better working knowledge of rough diamond sales predict what we’re likely to get from the auction.
My ‘back of a fag packet’ calculation is: 3800 tonnes of rubble is 3800/1.5 cubes.
6 carats per 100 cubic meters makes it: 25*6=152 carats.
At $330 per carat that makes $50,000.
Rather an outdated extract from the 4 Jun if I may say so steven, the updates given on 30 Jul and 8 Oct have quite a bearing here in terms of advanced timing since Jun on first sales and cashflow.
Cash flows from diamond production are expected within 12 months of completion of the Acquisition of the interest in DBM and are expected to deliver 300-500ct/month. At an average sales price of US$350/ct, DBM expects to achieve revenues of US$84,000 - US$140,000/month. Cash flow from this operation will, once the acquisition of the stake in WHM completes, then be used to facilitate production from the Heavy Mineral Sands opportunity and further develop Kazera's investment in its Namibian Tantalite mine.
Yes she was....Sorry I thought it was obvious who I was talking about.....I agree a little obtuse.........Apologies!
That’s a bit strong, Fortitude. I think Poppyseed was saying the same as you.
Poppyseed.........To think that DBM will only be producing wages is laughable if it wasn't a serious viewpoint, it is also insulting to Larry Johnsons intelligence that he would waste time on so-called trivia like this. I dont normally respond to statements like this................
DBM will pay way more than wages and WHM, when fully acquired after mining approval expected before the year-end, will exceed DBM in multiples. All either imminent or near-term, the speed and scale of company earnings will surprise many following WHM mining approval. Sadly, water pipeline and therefore tant production are back seat for a wee while but what a prospect to look forward to in due course, funded from earnings rather than dilution. The pipeline I'm keen to see in the near future is not the one for water!
No money by acquisitions, this second acquisition is just pay wages drilling ect as,difficult keep raising finance, there saviour will be go ahead 4 pipe line and finance too build this approx 12 months build so some way off b4 any real income comes 18 months at least.
At this stage its probably worth reminding ourselves of the declared aim of Larry Johnson who with the company name change announced his intention to take the company global. This was referred to in his last update to acquire companies with products with short lead times, sound highly trained staff and probably most importantly buying those companies at the bottom of the cycle which happens to be now. I don't see it being long before another acquisition is acquired................
Thanks Mr. C. - apology accepted.
I am confident that your patience here will be richly rewarded.
Within the last few months the prospects for KZG have been transformed for the better, but that still has to be really reflected in its share price.
KZG now have THREE resource projects opportunities each one of which could more than justify KZG's current market cap.: a modest £4.6M. at 0.675p.
That makes KZG quite a bargain at this price, with extra strong multibagging potential.
Helped by the ancillary benefits of three opportunities: treble the newsflow, and risk diversification.
The jewel in the crown could be the potential world-class tantalum mine, at a time of multi-trillion dollar stimulus that is supercharging demand for rare earths metals.
We could be due an update on this imminently, which could easily send KZG back to a penny or more.
But that should be just for starters.
Longer-term, a return to the 10p - 20p range looks very achievable.
Last post ......forDD read HH1. slip of the pen........
Mr C I know I too have written about other companies whilst posting here but they have the connection of GC..no what intrigues me with you is your frustration at the pace of Kazera . As I have said many times before whats been achieved in little over three and half years from near nothing is amazing. DDs recent post underlines this.....I know of no mining company that has mushroomed from nothing especially in the middle of a major pandemic any quicker ,do you? Thats mining..........
Ok - I apologise, the sheer frustration of this fecking share got the better of me !
Mr. C.,
If I wished to ramp PRE, why is there not a single post from myself on the LSE PRE board, or indeed on the ADVFN PRE thread?
PRE is clearly of very direct relevance to KZG: both are developing rare earths metals mines in Southern Africa, and indeed in adjoining countries (i.e. Angola & Namibia).
So it is very on-topic to KZG to flag up PRE's strong performance, and moreover very bullish for KZG:
• KZG has the potential of a world-class tantalum mine, but KZG' s market cap. at 0.7p is under a thirtieth of PRE's (& KZG also has other projects).
• Multi-trillion dollar stimulus that is supercharging demand for rare earths metals, combined with lack of supply, paints a very bullish prognosis for tantalum over the next few years.
• A paucity of rare earths metals investment plays gives KZG a scarity value.
This is a shameless Ramp for PRE - no thanks mate !
Thanks to Gloster on the LSE MILA board for flagging up the example of PRE a couple of weeks ago:
Gloster Premium Member Posts: 536 Price: 0.00 No Opinion
RE: Timelines 13 Oct 2020 02:48
"And in the rare earths space, PRE has done brilliantly since listing in London."
https://www.lse.co.uk/SharePrice.asp?shareprice=MILA&share=Mila-Resources-Plc
At 72p, PRE has a market cap. of £146.23 million, and has multibagged from 20p in July.
6th Jul 2020 7:00 am RNS Admission to Trading on the London Stock Exchange
"Pensana Rare Earths Plc ("Pensana" or the "Company") is pleased to announce that following the publication of its Prospectus on 1 July 2020, the Company's entire issued share capital will be admitted to the Official List of the FCA (standard segment) and to trading on the the London Stock Exchange's Main Market for listed securities. Trading in the Company's shares will commence on the LSE today at 08.00 am GMT under the ticker 'PRE'.
The Company is not raising any funds in connection with the admission and will have 188,274,665 ordinary shares of £0.001 each in issue. A copy of the Prospectus is available on the Company's website www.pensana.co.uk and the National Storage Mechanism https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
Paul Atherley, Chairman of Pensana Rare Earths, commented:
"The US$16 trillion post COVID stimulus programmes are transforming the renewable energy sector, supercharging the demand for critical rare earth magnet metals.
With no new rare earth mines in construction magnet metal prices are forecast to rise over the next few years.
With Angolan Presidential approval and financial backing from the Angola Sovereign Wealth Fund and various institutional investors, we are on track to bring online the first major rare-earth mine in over a decade to meet the growing demand for the metals critical to the green energy revolution.
Our listing in London provides UK investors with an opportunity to gain a direct exposure to the metals critical to the burgeoning EV and offshore wind sectors." "
https://www.lse.co.uk/rns/PRE/admission-to-trading-on-the-london-stock-exchange-qb7hy8wjnp63q9g.html
KZG has received two competing offers to fund the pipeline, and negotiations have been going on since last year.
In addition, KZG has tendered for the work of building the pipeline.
So the final 'piece in the jigsaw' should be the recently-completed drilling programme (results imminent), which will give an expanded JORC compliant mineral resource to sign off the best possible funding deal.
In mining terms this is pretty near term, and you would also expect the share price to move up in advance of production.
23rd Dec 2019 7:00 am RNS Final Results for the Year Ended 30 June 2019
"... Operations
... we also continued to develop development options for our water licence to acquire water from the Orange River for future mining operations. We were pleased to welcome 7 companies to inspect the property as part of a tender process for the Orange River pipeline. ...
During this period, the Company was approached by two parties interested in becoming strategic funding partners for the Orange River Project and for further development of the Mine. This was a material development for the project and demonstrated wider appreciation of the value the Company is realising at the Mine. ..."
https://www.lse.co.uk/rns/KZG/final-results-for-the-year-ended-30-june-2019-k597brh4kb42spb.html
27th Mar 2020 7:00 am RNS Interim Results for six months ended 31 Dec 2019
" ... Negotiations continue with two international groups who have approached the Company with indicative offers for the funding of construction of the Orange River Pipeline as well as offtake proposals ..."
https://www.lse.co.uk/rns/KZG/interim-results-for-six-months-ended-31-dec-2019-qzlz4b4claf7k25.html
Steven it’s going to be a phased approach. They aren’t going to wait till they have everything drilled to then start building the water supply.
Yes tantulam is on rise but the mine is a year plus from really producing and that's if they can get pipeline built which will take I believe a year to build and much finance
Mrcautious,
Please note the following KZG RNS from just eight days ago, which for some reason isn't showing on LSE, although Animal posted about it on the day.
The new presentation presents a very compelling investment proposition for KZG.
20/07/2020 07:00 RNSNON Kazera Global PLC Updated Corporate Presentation
Kazera Global plc ("Kazera Global", "Kazera" or "the Company"), the AIM quoted investment company, is pleased to announce that an updated version of its corporate presentation will be made available today on its website: www. kazeraglobal .com .
For further information on the Company, visit: www. kazeraglobal .com
Kazera Global plc (c/o Camarco) Tel: +44 (0)203 757 4980
Larry Johnson (CEO)
finnCap (Nominated Adviser and Joint Tel: +44 (0)207 220 0500
Broker)
Christopher Raggett / Anthony Adams
(corporate finance)
Camarco (PR)
Gordon Poole / James Crothers /
Hugo Liddy Tel: +44 (0)20 3781 8331
https://uk.advfn.com/stock-market/london/kazera-global-KZG/share-news/Kazera-Global-PLC-Updated-Corporate-Presentation/82882433
Kazera Global Corporate Presentation July 2020
Kazera Global Investments Plc
A diversified African Resources play listed
on AIM
http://kazeraglobal.com/wp-content/uploads/2020/07/2020.07.20-Presentation-post-edits.pdf
REPORTS & PRESENTATIONS
http://kazeraglobal.com/investor-relations/reports-presentations/
Hedgehog - If you want accuracy this share has gone from around 15p in March 2017 to the pitiful level it is today. We are starved of company info and see no light at the end of the tunnel. I was in the electronics/tech industry all of my career and know the importance of Tantalum - but you have to understand why some people are not Giles Clarke cheerleaders like yourself. I personally think your comments regarding poster steve are rather undesirable....