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Most of today’s VSA podcast dedicated to Invinity

htTPs://x.com/vsacapital/status/1966163774739828863?s=61

"We expect our diamond operation to now progress from being a 'nice to have' into a major revenue generator in its own right“

Some interesting comments in the VSA Capital research note out this morning following Friday’s RNS

“ UESNT will have the right to market, sell and manufacture ENDURIUM VFBs for the Chinese market whilst paying IES a royalty fee based on delivered volumes. On commitment of the 2026 volumes expected to be towards the end of 2025, UESNT will pay IES 50% of the associated royalty”

“ The recent announcements mark a significant shift in commercial momentum for IES that not only indicates a stronger outlook but would take the company to the next stage of commercialisation, opening further avenues for growth”

“ Notably, royalty revenue would likely be significantly higher margin than our current base case which is based on in-house manufacturing alone”

I’d say in this RNS they are indicating there could be some future growth and expansion, anyone agree?

“additional technology options are being evaluated to support scalable future growth”

“ offering flexibility to add additional spirals, sand cyclones, or sluice decks as production requirements evolve”

“ making it a potentially valuable option for scalable, cost-efficient expansion in the future”

“ a platform for future expansion”

“The technical success of this project is a very positive indicator of the value of the potential represented by the long-awaited Mining Right over 2A, which has the initial potential to be 34 times bigger than the current project”

I’ve come on board today with a small initial holding which I intend to build up in the coming weeks. I’ve had a few of my funds taken out recently, which is good because they have been taken out a lot nearer NAV than SP was at, but also not good because now need to get those proceeds invested in a diminishing pool of funds.

Looking for a good divi but also capital growth from closing of the discount to NAV which hopefully will come sooner or later across the sector.

Well done on getting into profit again Doyezee. I’ve been in this nearly as long as you but still a way off break even, despite my numerous attempts at averaging down over the years. Looking better than a few weeks ago though.

More incompetence from Tectonic/Tamar. Those Kazera shares could be worth double or triple that in fairly short order if things go to plan in the coming weeks.

Well if you have been waiting years in the hope of this finally coming good I would argue that 6 weeks actually is imminent. But I guess 6 weeks is a long term commitment these days, that few have the patience for.

That said, none of us are getting any younger, so come on Dennis, crack on with all this good news.

“Go quiet for months and months”? Did you miss the RNS’s on 31 March, 1st April, 24th April, 7th May?

6 weeks since the last one, admittedly longer than any of us would have liked, and perhaps using “imminent” raised expectations a bit too high but but there is plenty of positive newsflow piling up which could land any day.

Bit of life in the old dog today. A handful of trades (11 at this time, albeit all small ones). Can’t see any specific reason, anyone got any ideas?

Thanks all. Yes it’s actually one of the buys on AQSE, so no skullduggery, although they are incorrectly shown as sells!

BTW my morning’s buy not showing yet and it was a couple of hours ago. Bigger than any of the ones listed so maybe they are deliberately not showing bigger buys for some reason. May be an innocent reason or games being played, who knows?

Surprised that interview didn’t get more of a response. There were some nuggets in there if you read between the lines. In fact don’t need to read between the lines. Another 10,000 tonnes of HMS produced to add to last month’s 10,000, costs covered on SA operations, “interesting” news on diamonds soon, Perdevlei licence expected imminently and when they get it they are ready to go immediately, working on recovery of debt from Hebei.

I keep telling myself to stop adding but couldn’t resist a few more this morning after that.

Thanks goneawol. Tectonic turned out to be a bit of a disaster for me and many others, hopefully Tamar will be able to repair some of that financial damage asap.

Bigbazooka is correct, the current licence is for the whole of the 3095 hectare site although they are targeting the “approximately 170 hectares of high-grade heavy mineral sands ("HMS") deposits that are believed to be suitable for immediate mining”

So 170 hectares suitable for immediate mining and probably of highest value but that does leave open the possibility that some the remaining site has value. As I said before, the 170+hectares of this licence will be more than enough to keep Kazera and the share price going strong.

Apologies for my slightly inaccurate original post, I was getting ahead of myself.

Yes 99icecream, they’ve undoubtedly gone for the best bit first. Plus the methodology follows what they are currently doing at Walviskop, so they can demonstrate a track record and knowledge.

My musings were more on what they will do once the current application licence is issued. They will have more than enough to be getting on with but if they go for any further licence, that will add value even if they don’t intend to mine it immediately.

Anyway, one step at a time.

Don’t want to get ahead of ourselves, but the Perdevlei licence that should be issued imminently is for 170 hectares of the Perdevlei site. That as we know is massive and 34 times the size of current Walviskop licence. However the total Perdevlei site is actually much, much bigger - 3095 hectares. Once this current licence is issued I wonder if/when they will go for an extension of the licence, for an extended area. I think the current licence application is for the easiest bit to get a licence for, and maybe the richest area, but the rest of the site must have a lot of potential too.

In terms of possible sellers, don’t forget Tectonic have (had?) the 27 million shares they got in Kazera at 1p. The 6 month tie in period has ended so they may want to cash a few in. As a Tectonic shareholder (sadly!) I hope they hold on to 5hem for a while but they have their eyes elsewhere now so may want the cash.

I see Align have been out to SA recently. Several tweets today about it.

https://x.com/alignresearch/status/1912746026080891309?s=61

https://x.com/alignresearch/status/1912744626496188578?s=61

Positive little interview. Don’t think the good news is stopping anytime soon

https://x.com/stockboxmedia/status/1907364888906723561?s=61