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Exactly the time to buy is when most fear or don’t know what’s to come. I will add again when funds become available gla
Accumulate when it's quiet.
Of course day traders will jump in on a rise,that's how it works.
Expecting significant increase from this level anytime soon.
There's lots of news in the pipeline
Punters do not want dead stocks, if this moves then they might chase. Online is level 0.52-0.58p, was a 500k buy on Aqse yesterday along with smaller buys and no sales again. Still can buy a million though online
Markets needs c evidence of revenue, and financially secure.
Surprised at the lack of interest here...
Whale Head Minerals Pty Ltd ("WHM") Heavy Mineral Sands ("HMS") Project
· Ongoing discussions with potential transporters and off-takers to facilitate sale of HMS products once NRR permitting achieved
Deep Blue Minerals Pty Ltd ("DBM") Diamond Project
· Post-period end, flow sort diamond recovery machine purchased and en route to site:
o X-rays and sorts processed diamond gravel
o Will be sited in secure Alexkor compound
o Delivered on-site in March 2024 enabling diamond production shortly thereafter
· July 2023: Received further payment of c. US$650k from Hebei Xinjian in respect of the sale of Aftan; aggregate payments received from Hebei Xinjian to date total c.US$4.85 million of the total consideration due of the agreed US$13 million;
CEO: "Whilst there have been some frustrations and delays, things are now progressing on all fronts and the Board believes that 2024 is set to be the year in which Kazera starts to really hit its stride."
Fortunate to buy at this level.
AMS sure will want a good return on their £4.2M investment.
We can still buy at near o 1p cheaper.
Gla
There's certainly lots of newsflow expected that has the potential to drive a big recovery in the share price from a very oversold level
Wouldn't take much buying pressure for this to really take off...
Still edging it up tiny vol
Great news if they receive the 8.15M dollar balance from Hebel.
In the interim they state they were in discussions with another buyer for Aftan.
I'm sure Hebel will settle!they've already paid 4.85M.
Personally think ñews out soon on this.
Mcap £5M, way undervalued.
News on diamond mining start soon.
Infact a news rich period coming here.
Added more
.....market openings following each other but these continue to gently rise, having been written up for latent value. Not complaining but some positive news, however minimal, is needed to keep up the momentum. Otherwise the short-termers will spoil what there is of the momentum.
Broken 50day moving average of .43 next leg up to .75 before news
Lost my nerve and topped up at 1436 today, but I have a hunch this is going to pop.
African Mineral Sands thought the shares were worth 1.5p when becoming the biggest shareholders here. We are still owed £8m and permitting expected at the end of the month. Attractive buy in price for newbies....
Moves fast on tiny volume,.
Shares are held very tightly.
Gla
I think the new tax year/isa year on Monday should give a boost and tip the balance favourably.
Also, for those that believe in MM signals, a couple of interesting ones last day or two - an 800 one to start the day yesterday, supposedly indicating "Prepare for an increase in trading volume" and I see a 200 today, supposedly indicating "I need Shares badly but do not take the stock down"
Squeezing it up on very lw vol
A few more buys and could see a tick up
Yes online strong and L2 strong, 5 v 1 from 4 v 2 at the open...quiet today though
You can buy dip/s or even get them for free in the likes of Mcdonald .....no more here ATM,run out of stock....
Enthusiasm seems to have waned today. Anybody else waiting for a dip before buying?
The Company's existing authority to allot equity securities as passed at the Annual General Meeting of the Company held on 26 April 2023 remains in full force and effect until 18 July 2024.
Looks like the 3 million too, I thought the volume at the close was amazing but 9 million of it was "false" trades
Steven
See RNS fro AGM - extract below
Resolutions 8 and 9, which provided authorities to allot equity securities of the Company up to a maximum nominal amount of £187,266, were withdrawn with the consent of the meeting because insufficient votes were available at the meeting to enable these resolutions to pass.
The Board had proposed resolutions 8 and 9 as it considered the flexibility afforded by these authorities to be in the best interests of the Company without requiring the Company to conduct an additional general meeting. The principal shareholder objecting to the resolutions has been consulted and their position is understood.
Have nò debt and are not having any dilutive raises,our 29% holder CMS has blocked THAT.WHERE'S IT SAY THEY HAVE BLOCKED IT