Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
“ The investment represented the Rand 7million refundable deposit to Siyanda Smelting and Refining Proprietary Limited which the Group paid in exchange for a period of exclusivity to conclude a potential acquisition of the company. The deposit is interest free and becomes refundable should the acquisition not proceed. The investment was considered to be fully impaired as at 30 June 2020 whilst the Directors pursued other alternatives and £326,000 was charged to the income statement.”
This may give us a lift tomorrow - wouldn't be surprised if they published some research over the coming weeks - they have jumped into KZG too recently - is it the sector or do Align just like a GC company ?
https://twitter.com/AlignResearch/status/1338919445494960129?s=19
The company is valued by the market - if it were so undervalued then why wouldn’t all the IIs jump in so the share price increases and so do the value. As I have said before, I believe IIs will want to see their long term strategy start playing out before they start showing a greater interest.
At the moment the company has limit proven resource - in 6 years time what is the company value if they don’t add any resource
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totally understand NewKOTB - the joys of being on AIM - it we get a result on the work they are doing at the moment then this could increase production and also reserves - this to me will be a value add but not massive - i cannot see them being taken out (not for a significant premium) until they have more reserves booked. Just my view
I think the share price has stagnated because we are not adding any value - we are depleting our resource and turning it into cash - moving one asset into another asset and making a little profit on the way. We need to add resource / reserves to add value to the balance sheet and value to the Co. Unfortunately, the market does attribute much value to potential at the moment hence why the price is where it is
I sold out when it was double digits but kept my original stake in - this share owes me nothing . Have averaged down and before today had a 0.7p average - took some more today but had to pay 0.98 late morning. If this hits the 2.5p before her birthday I will do the same, otherwise she will be getting an MOT And service !
Come son KZG- my better half wants a new Porsche to replace the one the profits in kenv bought in Feb 2017 !
Believe that this will be closer to 2p by Xmas and then an amazing 2021. for once I got my timing right for a top up today with this and Iron. GCs bottom draw of paper will be bulging after today ??
Do you think Fortitude that Align are selling some of their stock out in small chunks?
There appears to be a fair few sells in the round hundreds of thousands which isn't normally consistent with a private investor unless they holds a significant holding. Just a thoughts
the 30% potential farm in is an assumption that Align have used as part of their modelling to calculate the mine NAV. There is nothing there to say that they are considering farming out 30% although i would expect KNZ to be considering this as one option to achieving funding.