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It's unrealistic to expect companies to make a big discovery whilst scout drilling but the results announced so far suggest it has very good potential

If you properly put the drill results from Botswana into context they were highly encouraging considering it was only scout drilling. Also noteworthy were the results of drilling on the border of ARC's licence which suggests the mineralised zone runs across ARC's licence.

Not one a really follow, but I seem to recall KAV spending millions drilling in Botswana and not hitting any copper despite numerous attempts

Nvs was competent enough to get a very good JV over the line with Anglo American

The market hasn't attributed value to the JV deal so the directors are taking advantage of that IMO

It will be interesting to see how the Anglo drilling results play out to see if the the directors have called it right

I was looking at ANIC as an investment but the consultancy agreement with Shellbay is putting me off. I don't understand why the company had to pay around £3.5m in cash and shares. Last year the figure was nearly £5m. This is totally off-putting to potential investors. How can the directors justify such high fees being paid out each year?

I think potential buyers won't show their hand until they see shareholders agree an offer from Patel. They will then make an improved offer

Looks like Patel will have to make an improved offer shortly to persuade large holders to accept

The placing is very likely to be significantly oversubscribed at 50p so you're talking nonsense about 40p

I just had a quick look and it seems like the company burnt around $20million in cash during the second half of Q3.

With cash of just over $13million at the end of the year I would expect another fundraise around the time that the full-year results are published. The company obviously can't risk allowing it's cash holding to run too low before raising fresh funds

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

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.

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

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

Good to hear they are back up to full capacity at Kouroussa and that presentation was a couple of weeks ago.

They must be very close to or already mining the high grade orebody so hopefully we'll get an update shortly

Why is the cash position so low considering the recent equity raise plus a $20million loan?

I see VAST has announced a general meeting today to vote on a share CONsolidation and authority to issue a large amount of new shares. Of course they are still saying the delivery of the diamond parcel is imminent: 'Whilst it is appreciated that there has been a considerable period of time since the delivery of the historic parcel was first expected, the Company has good reason to believe that finalisation of the delivery of the parcel can still be finalised in the close future'

Hopefully, as with VAST the finalisation of RRR's DRC payment can still be finalised in the close future.

it's interesting to read people reminiscing about past rrr escapades. doing a quick google search lead me to read this article which is very entertaining https://www.guerillainvesting.co.uk/2017/07/03/red-rock-resources-laughable-ramp-tom-winnifrith-*************/

I've seen lots of AIM companies involved with these type of oil plays in the USA but none of them ever seemed to make any money from it and most ended up bankrupt. Nighthawk Energy, NTOG, Magnolia petroleum, Northcote Energy, North American Petroleum are examples that spring to mind

'The Company anticipates that the 2024 Cobre sales volumes will be over 50,000 tons (17,965 tons in 2023) with revenues expected to exceed US $3.5m (US $1.6m in 2023).'

That's excellent news for Cobre. If they can follow this up with some positive news on the other projects we should see a big recovery in the share price

I suspect the company will now try and get a placing away

They should be quoting post-tax figures in the release not pre-tax. Presumably the headline numbers would be far lower if they did that