Also be aware of hedge funds14 Feb 2025 22:04
As KZG has a significant number of private investors it makes it an attractive target for hedge funds to manipulate to our detriment. Not quite as bad as some as we do now have some more significant commercial investors too but when we are in a situation where news might be coming soon the hedge funds circle like sharks looking for vulnerable private investors to make a quick buck from.
Many many of us have waited a long long time for this one to come good. We do seem to be straightening out the board a bit in favour of the shareholders and the business itself and trying to get business done and move forward positively. But had similar with Xcite oil few years back hedge fund scuppered that one with their shenanigans and I wondered too if the board were in some way party to that too or were they just incompetent? There was a share that went from under £1 to £4 in two years or so and we were told everything in place that within a year we would be pumping several billion gallons of diesel quality crude and one director even said that he expected the share to go to £12 once production started. In just 4 or 5 weeks the £4 share was under £2 and you could not sell them to bail out as there was no offer and the price just fell over a cliff , all orchestrated by a hedge fund. Amazing how the directors all seemed to come out of it unscathed and surfaced elsewhere over time???
Still lets hope this one comes good, so many LTH's deserve to get a result with it but in AIM nothing is guaranteed so will believe it when I see it but hope it makes it.