George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Twitter getting active, pics and video. Flow sorter arrives, roads had to be closed en route:
https://x.com/KazeraGlobalInv?t=Xvvbvz8se0BlcYscBbNyvw&s=09
Alexkor is a partly state-owned company, was investigated corruption with Gupta,
Should be 31st March and my worried digging reveals Alexcor is a Gov't owned outfit, which has apparently had Gupta dealings from which I believe thy were hoodwinked, so if we hear anything from the officials there I shall be surprised and relieved. At least we hopefully have not long to continue this agony!
Update on that back in Nov 23
Left lol, I'm sure unless received further money from tant mine there finances must be very tight.
Definitely due by end of month!
Results 4 end Dec possible due end month, could surprise yet, markets not often wrong,
Since posting this I have been doing a little digging. The Alexcor story is not quite as our Board has told us. Check it for yourself. I really believe now we are worth more if they wound us down and paid what's left.
Trouble is SP has dropped so much we now need about 500% to get into an even 'reasonable' price range !!!!!
Excellent summary Poppyseed. It is really still a matter of wait and see (and we've been waiting and seeing for a very long time now), but I have the feeling that this is one of those things that takes forever to get underway, but once it does get moving, picks up speed very quickly.
Hi Poppyseed
Thanks for your input which once again is considered,informative and well written.
The timescale here for many has been an eternity but DE has only 3 years tenure so for a mining company particularly in SA this is no time at all
I still believe patience will be rewarded. We’re see!……….
....why the FOR SALE sign does not go up on Tant Valley and RNS. That at least would stop the SP rot.
...positioning!
In short, Fortitude, I think what’s going on has already been stated, some of it in finer terms than others but it’s out there nevertheless. Finer terms includes the prospect of imminent diamond production from their new plant. Of course, production is one thing, the sorting and sales process through Alexkor is another. Some sales should be close all the same.
Finer terms is also HMS production but a permit is awaited from NNR and, in SA, how long is a piece of string? However, expectation of a permit is chalked in for fairly soon now.
In the broader details box is the 4 options for Namibia – receive all outstanding payments; take it back; find an alternative buyer; or sell the debt to a third party.
Again broader is the likely AMS effect in due course. I paraphrase but in DE’s words, they did not invest £4.2m @ 1.5p except to make money and their prospective introductions have the potential to transform Kazera into a much larger entity if a deal can be put together. Clearly this sort of stuff takes time for due diligence and AMS only just took its full stake in Dec so, if indeed anything is already happening, a wait to hear of any action is hardly surprising.
As for the SP, as horrible as it is, the bottom line is that it’s a measure of supply and demand. Noticeable large selling was a factor at the time of the fall from around .6p. Couple that with consequent market fear and no news in a fairly illiquid stock, what’s going to happen?
Am I just waiting and seeing? In a sense, yes, but that makes it sound like pathetic hopelessness and that’s not how I feel so I would say, no. I’ve met DE at promotional events, I like him and see him as a man of integrity, but he was dealt a poor hand in a raw state, in the midst of covid, with a poor, now ousted, BoD and with little available funding to advance the projects.
Nevertheless, I have confidence that he has been and is doing his very best to make a good fist of this, even if tightening the nuts and bolts take time. Some of his actions have already had good effect on the Co, definitely not the SP, but I think building firm foundations is just as important a first step.
He has raised cash without recourse to discounted placings and giveaway warrants. There are now no warrants left to be exercised. AMS’s replacement of Align has promise. He has not resorted to panic announcements despite the flagging SP. Some might call that fiddling while Rome burns but, for me, it’s a man sticking to things he can control. More hype is certainly not the way forward here.
However, 2024 is undoubtedly the year in which he has to deliver and on more than one front. A toast awaits him if he comes through, toast awaits him if not! I don’t think there are alternatives. What will come first? Does it matter? Declining belief is undoubtedly a factor on the buy-side here so delivery on anything at all would be a good way to start.
What's my present take you ask? I've been posi
Poppyseed. Could I please
ask you for your present take on what’s going on behind closed doors ?
Maybe like me you have adopted an await and see policy !
I know there has to be an element of speculation here but a likely outcome in next RNS would be interesting here !
Meetings are what KZG needs if they are to become an ACTIVE investment vehicle and Central London is where most of them are based, not some industrial estate in sheep territory!
Whereas the previous Unit D, Pontygwindy Industrial Estate has a much better ring to it!
Offices with hourly rents do not inspire me with confidence !
Not normally significant but this might be because it is into a major Central London bullding with loads of similar and suites for hourly rent. Sniff of a deal in the offing?
Give him benefit of doubt at moment, next statement will reveal, licence, diamonds, sale mine, further investments,
Rogwar and Funkybeats
What irrational posts those are. Yes the SP is on its a*se but that is because of the state of the small cap and micro cap market and the absence of company news for around 2 months. However, the current MCap based on a SP of 0.4p is less than £4m. I believe the outstanding debt from the lithium / tantalum mine is more than this plus we have bought plant for diamonds and HMS activity plus AMS are now on board. Patience needed but IMO will be rewarded. DE is doing a good job IMO and hopefully he has good news to report in the next few weeks.
Totally agree that DE should go. Always said he was just a journeyman, taking payment for achieving absolutely nothing. He really is an absolute disgrace.
just logged in for first time in few weeks. share price fuking horrendous. dennis edmonds is worse than any ceo we have ever had. it’s same bull**** every year with this company. rinse repeat. all they do is bring in a new face and in turn that new face just puts out interviews that rope people in. honestly if ur a new shareholder here, get out now before u end up like me and other long term shareholders. this company is rotten to the core and they continue to deceive and miss deadlines. ffs what has happened to this mine. even if we do get a fuking update it will only go up to around 0.60 or something. as for that new invester, don’t get me started on them, not a chance they put that money in and have sat back and watched the company sp fall miles behind.
honestly dennis if u ever read these boards, ur actually worse than larry and that’s fuking saying something.
rant over. will log in in april. by then we might have an update. good or bad. but fuk me we must be paying a fortune on staff costs for returning constant loses to shareholders year on year.
Said diamonds be in operation 1st q too, HMS dependant on permit
In an update last October they said that the permit for the HMS is anticipated in Q1 and the plant would start operating immediately. I just hope this timeline proves to be accurate and then the share price will surely recover significantly. But i have my doubts whether this timeline will be met. We will see in the next month.