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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.
GBCol dont think thats correct as they have voting rights = to the number of shares they hold.
If it was a spread bet they would not get voting rights
According to the RNS last week, the 3.2% or 30million “shares” that Align/Jennings retain are financial instruments, being with Spreadbet. Not sure the implications of that or why AMS haven’t acquired them at this point but today’s RNS indicates that the deal is concluded (although slightly ambiguous), so we’ll have to see how that develops.
Follow the money! £3.75m at a ridiculous premium speaks louder than any more words from me.
I'll wager that with this now over the line, there's more to follow in short order.
I notice the original plan was for 280m shares/29.9% holding but I see it now being said that the deal is complete. So RJ appears to be hanging on to 30m (his last TR1 refers).
This would appear to leave AMS scope to accumulate a further 30m in the market. Could this explain some of the current craziness?
Just joined the small top up club too. Can only be positive going forward from here.
Think most are buys as one of those at 0.54 is my small top up. Now that AMS are fully onboard i'd like to think that news will finally start to flow.
Agree it doesn't make much sense to sell particularly after today news,however those sellers still more than doubled their investment as they probably bought in at 0.20p.......otherwise I am fully agree, it is crazy indeed 😜
Wow - look at all the selling going through at less than 0.6p when we’ve just had confirmation AMS has completed its 26.6% acquisition at 1.5p. Doesn’t make sense to me. Surely the news today at the very least suggests hold and see what happens next. Crazy…..