The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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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.
Sale of tant mine will solve there cash/finance problems,
Fortitude
Can you just please remind the board please which year you said would be "transformational" here?
Not invested, thankfully, but memory fails me with the actual year you were referring to?
Id assume most people on here thought you were suggesting an upwards transformation, not the continual slide thats happened.
@steven49
I refer the right honourable gentlemen to the post I made some moments ago.
Or maybe I’ll use your style of communication:
I FEEL as though they still have lots of money left from the $4m+ already received to invest…
(I couldn’t bring myself to write in “text speak”!)
They probably won't take on another project for the time being. The priority will be to concentrate on production from the existing projects and realising the outstanding $8million from the sale of the tantalum project
How would they buy into one of AMS projects financially if cash is not avail
As I pointed out earlier there won't be an equity raise as the company cannot issue new shares.
I don't know who has been selling recently or why, as it could be for a number of reasons and nothing to do with the prospects of Kazera. The market for the shares is very illiquid so a small amount of selling will have a disproportionate effect on the share price.
On the other hand if positive news is released the price could recover quickly if there is some decent buying pressure.
All guess work, but AMA invested here so they can use kzg too invest in a project or projects, big lumps gone through late on, share price down 4 reason, as, said sure finance getting low unless received further payments, need update either way on big drop of late in share price, my feeling raise in making.
The continual selling that has taken the share price so low could be our old chums selling as they need their money out for another project. Don't forget they had a shed load issued at .3p so will have been selling at a profit all the way down.
Thanks Panda. Reassuring although doesn’t explain SP drop, unless shareholders simply getting impatient and looking for value elsewhere
As an AIM traded UK registered company, Kazera Global plc is subject to the UK City Code on Takeovers and Mergers.
If AMS goes above 30% it has to make a mandatory takeover offer for the company at a price at least equal to the highest price it has paid for shares in the last 12 months i.e. 1.5p.
AMS recently paid £4.2million for a 30% stake in Kazera and I would have thought it would be very unlikely it would pay such a large amount unless it was certain that the company could be adequately funded.
There's lots of options if funds are required, not that I think there is currently any urgency, that don't require an issue of equity e.g.
Further funds received from the sale of the tantalum mine
Funds advanced by an offtake partner
Loan advanced from AMS as a strategic shareholder or a loan arranged by AMS
Noted. I suppose what I’m asking is, can AMS increase its own shareholding by way of a subscription at a low price (say 0.3p) without making an offer for the entire shareholding for 1.5p? If not, and the prospect of a subscription by someone else is highly unlikely, why the dramatic drop in the SP? AMS won’t want anyone else new in on the cheap other than themselves
A placing is very unlikely. The AGM has only just been held and the standard dilution resolutions were not passed so there's no headroom to issue shares. AMS will clearly not allow fresh equity to be issued at such a low share price after it recently bought a strategic stake at 1.5p
If KZG does a placing with AMS and this takes AMS % above 30%, does that mean they would have to make an offer to the other shareholders, and if so, at what price, bearing in mind the 1.5p purchase price was agreed (although not paid) with Align more than a year ago? Or is this a way of AMS getting more shares on a diluted basis without consequence? The current SP shenanigans looks like there might be a placing. Getting concerned but not yet wetting the bed.
Brace for takeoff, this stoc will make +50% in the next 10 days, believe me. Diamonds and other mineral products will make this company rich
....is no good. Boss knows that but can only RNS when there is something to tell. At this level we are risking a break-up bid so I am praying for a morsel of positive news - like NOW!
Cheers Steven, I had thought it worth a punt at this level but maybe the bottom is sub 0.3p. Down again today. Will keep on watchlist for now....GL
*And on what grounds do you think the license is some time away?
@steven49
So, have they spent the $4.85m received so far (as at 15th Dec 23, so it could be more) from the sale of the mine?
Really?
And on what grounds don’t you thing the license is some time away.
You could be right, you could be wrong but let’s deal with facts Steven and not how you “feel”.
Finance must be getting low unless received further payments, my feeling received AMS will introduce new projects into Kzg followed by raise reason AMS invested in kzg, feeling this radiation licence will not be quick too obtain,
@steven49
Or walked down to fill an order ….
There's u reason 4 drop big off load 32 grands worth, mayb more too come.
No mistake will use kzg too invest some of there projects or project and too raise finance.
I was a shreholder here a couple of years ago when the SP was trading above 1p. I noticed the SP today and was surprised to see it sink to such depths especially when I saw that AMS had bought nearly 27% of the company at the end of last year paying 1.5p. Is there any hope for this company or did AMS make a big mistake?
It would be good if an RNS on production of HMS by KZG managed to get their acronym onto a report like this!
"The Heavy Mineral Sands Market is projected to achieve a valuation in the multimillion-dollar range by 2030."
GLA