The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Hasn't IRON got its own board?
Keep 'em peeled, presumably Dennis about to give an interview:
https://x.com/StockBoxMedia/status/1737442304460247389?s=20
Your not know, markets don't lie. Think u be positive on both company's 4 decades, can u not see whats going on, il say no more, happy Christmas.
S49. If I had a pound for every time you forecast a company sale / liquidation I would be a seriously wealthy young man. !
Will sell it in due course,
Same old overreaction from the market.! Like night follows day. A return to calm tomorrow !
New exec chairman Dr Wardle with good track record should sort this one out !
Not so good news out on ironveld, shambles there's
Remember when they released that tweet that all monies had been paid, then deleted it.
I think and hope that it’s now being held back for before the end of the year. I also think management are deliberately holding back the info to allow AMS to increase there holding from 26.99 to 29.99 at todays stupid prices, also Align will defo be hoovering up at these prices.
Then we will see very little shares in the market and when news does start to come in this will be a perfect supply and demand and a share price that will go north.
I might be wrong. But I hope I am right. 2024 hopefully year. Ffs that’s been 8 years I will never get back from investing in this company. It’s about time I at least got back some profit.
FB
Possible there unsure, either way will need further call 4 money if not received,
Surprised that there was no update on the mine in the “post period” accounts notes - with 2 weeks until all money must be paid they must know what is going on - watching this space in hope
Looks very positive but then again so do many AIM shares with a large discount to NAV -- the big question is how to convert that discount to NAV into buying desire or takeover desire....
He is basically pointing 👉 to the reason why us regulars still holding the shares.....
I think (and hope....)we will see the SP starting to move north early in the new year and following positive news it should properly recover.
GLA.
He's been busy again:
https://theoakbloke.substack.com/p/kzg-year-end-thoughts?utm_source=profile&utm_medium=reader2
OK important and truthfull news is in RNS, find company's own reports misleading, and rampy but il read fully thanks.
@steven49
Its based on what is in the report. ..
Read it in full, then tell me if you think I’m right or wrong, and why.
Major investor bought in at premium as wants kzg too get there projects way, nothing do with market cap, I'm sire investor will be rewarded in warrants ect
Until recieve money markets won't price cash held in there account, expenditure high, no or very little income coming in, if get permit 1st q then markets will value company higher once income starts coming, there investment company, markets not put much value in cash held anyway, will be spent, await projects next year kzg will invest in.
Undervalued =basic maths, if a major investor put 3.75 million for just just above 26% than the company valuation should be nearly 4 times that sum ie above 14 millions as opposed to the current valuation of over 5 million......
True its not that straightforward but it's still means that plenty of room to adjust the current MC.
It’s written in the RNS of 8 December in black and white. Jennings retains 30million via Spreadbet.
I think the cash position is fine. Remember that since the TVM sale we have paid off all debt and bought all the equipment for the HMS project. Previously it had been proposed that we would have to get a third party to provide the HMS equipment in return for a profit share. Instead we have bought it and avoided dishing out a profit share.
It’s grossly undervalued because we have cash and monies receivable in excess of market cap, plus two fully paid for projects due to go cash positive in the next few months, and no debt, plus a strategic shareholder who just paid three times the SP and wants to introduce projects to build the company
How's it undervalued
“ Cash at 30 June 2023 of £761k”
Jeez, burning through the $4.2m received from Xinjian, Dennis!
That was my first thought in reading the highlights, but the full report paints a very different picture:
https://kazeraglobal.com/reports-presentations/
Surely this is now grossly undervalued?
Cash at 30 June 2023 of £761k sorry plus had one further payment since
Lucklustre results, still work to do, always not so good rns on Friday, await radiation permit hopefully 1st q still await further payments 4 tantulam project, not state financial position
Even says today they bought the shares off existing shareholders. you cannot buy a spreadbet off someone
It says they are Spreadbet on RNS of 8th December, so they definitely are but I’m not sure what the implications are.