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I think the new tax year/isa year on Monday should give a boost and tip the balance favourably.
Also, for those that believe in MM signals, a couple of interesting ones last day or two - an 800 one to start the day yesterday, supposedly indicating "Prepare for an increase in trading volume" and I see a 200 today, supposedly indicating "I need Shares badly but do not take the stock down"
Yes, should've been TR-1'd but relies on the person or insti to do it. Can't recall seeing any consequences for those that delay so typical AIM. Does seem to have been a transfer between these parties though - and, of course, as well as the warrants, JUB Capital/Adam Dziubinski will retain the rights to any BIT settlement on the full holding so seems like a prudent move, assuming the agreed price was right.
Still more interested in the other side of the transaction. I like the sign of appetite and from a very qualified mining guy with experience of the Congo makes it feel all the better. He's reckoned to be worth £60m so I would not be surprised to see him dig in deeper as part of the likely RTO raise and, if so, he would represent an outstanding cornerstone investor. Thinking about it, he's probably that already now!
FB, JUB Capital/Adam Dziubinski was the person linked to the Loan and subsequent £500k placing at the end 2022/early 2023. As I recall, it was done at 0.5p and 100m shares were issued.
This news would appear to suggest there's been an off market transaction between Adam and Finian O'Sullivan whereby Adam has divested roughly half of his holding. It would be very interesting to know at what price.
Of even greater interest might be the apparent thirst of Finian to get on board at this stage of proceedings. He's quite a guy with quite a history. He founded Burren Energy from which he collected a cool £67m when it was later sold to ENI:
https://www.independent.ie/business/finian-osullivan/26642751.html
Another geologist, a record of success, grabs a sizeable stake here. I'll take that as a big positive for the future outlook with the Rome assets on board!
Info on the new diamond FlowSorter given in answer to question:
https://x.com/KazeraGlobalInv/status/1771067056319865269?s=20
It's a so-called Close Period ahead of interim results so probably the best we can hope for until (presumably) next week. We should then get some commentary and hopefully a bit more general PR following up on it.
Twitter getting active, pics and video. Flow sorter arrives, roads had to be closed en route:
https://x.com/KazeraGlobalInv?t=Xvvbvz8se0BlcYscBbNyvw&s=09
Looks tops:
https://consortiumlegal.com/en/people/oscar-samour/
In short, Fortitude, I think what’s going on has already been stated, some of it in finer terms than others but it’s out there nevertheless. Finer terms includes the prospect of imminent diamond production from their new plant. Of course, production is one thing, the sorting and sales process through Alexkor is another. Some sales should be close all the same.
Finer terms is also HMS production but a permit is awaited from NNR and, in SA, how long is a piece of string? However, expectation of a permit is chalked in for fairly soon now.
In the broader details box is the 4 options for Namibia – receive all outstanding payments; take it back; find an alternative buyer; or sell the debt to a third party.
Again broader is the likely AMS effect in due course. I paraphrase but in DE’s words, they did not invest £4.2m @ 1.5p except to make money and their prospective introductions have the potential to transform Kazera into a much larger entity if a deal can be put together. Clearly this sort of stuff takes time for due diligence and AMS only just took its full stake in Dec so, if indeed anything is already happening, a wait to hear of any action is hardly surprising.
As for the SP, as horrible as it is, the bottom line is that it’s a measure of supply and demand. Noticeable large selling was a factor at the time of the fall from around .6p. Couple that with consequent market fear and no news in a fairly illiquid stock, what’s going to happen?
Am I just waiting and seeing? In a sense, yes, but that makes it sound like pathetic hopelessness and that’s not how I feel so I would say, no. I’ve met DE at promotional events, I like him and see him as a man of integrity, but he was dealt a poor hand in a raw state, in the midst of covid, with a poor, now ousted, BoD and with little available funding to advance the projects.
Nevertheless, I have confidence that he has been and is doing his very best to make a good fist of this, even if tightening the nuts and bolts take time. Some of his actions have already had good effect on the Co, definitely not the SP, but I think building firm foundations is just as important a first step.
He has raised cash without recourse to discounted placings and giveaway warrants. There are now no warrants left to be exercised. AMS’s replacement of Align has promise. He has not resorted to panic announcements despite the flagging SP. Some might call that fiddling while Rome burns but, for me, it’s a man sticking to things he can control. More hype is certainly not the way forward here.
However, 2024 is undoubtedly the year in which he has to deliver and on more than one front. A toast awaits him if he comes through, toast awaits him if not! I don’t think there are alternatives. What will come first? Does it matter? Declining belief is undoubtedly a factor on the buy-side here so delivery on anything at all would be a good way to start.
What's my present take you ask? I've been posi
Indeed FB, so despite all the garbage on here, we're not talking panic, we're talking 29th May which, strangely enough, fits in very nicely with the 15 Apr 2024 long stop date published when the Rome RTO prospect was first announced and clearly allows enough time for all necessary actions to be completed before then producing an Admission Document:
"...The Company and Rome Resources have also entered into a binding exclusivity agreement pursuant to which Rome Resources has granted the Company a period of exclusivity until 15 April 2024 to consummate the Proposed Acquisition ("Long Stop Date")... "
Not enough in itself - yet - still awaiting the substance behind their rationale but they can't be rewarded with shares and warrants, not least because they already hold 29.9% and the rules would prevent a greater holding without a bid.
I could see them "holding their corner" in order to remain a 29.9% shareholder as part of an enlarged Company, should a particular deal come along but I can't see them being too willing to let anything much happen that values the current KZG below the 1.5p they have paid for their own stake.
Doubt if their decision to invest here (why KZG in particular?) and at such a premium is a merely a simple case of undervaluation of current prospects because the sensible idea there is to buy at the undervalued price, not pay 3 x as much and need 300% before you make a bean!
However, people with £4.2m to invest are not normally stupid and DE has talked of AMS in the sense of them introducing Kazera to significant new opportunities e.g. extract from last video interview in Dec "in terms of news for next year...our new shareholder...they have links to some very very interesting and very big projects and they see the opportunity for us to get involved in those...we're in discussions on a number of different projects and we've been offered them on incredibly favourable terms so if we can make something work there, it could be absolutely revolutionary...it could take us almost overnight into a much much bigger company, much bigger market cap and put us in a different space....If you imagine, if we get that sorted out, together with revenues being generated from the other projects, it puts us in a great space for next year..."
Let's see! Is the above merely more words? The follow-the-money argument would say that AMS's arrival at the premium price they've paid for a 30% holding strongly suggests otherwise.
It's been said and written many times that the mine remains 100% owned by Kazera unless and until final settlement is reached.
A full statement on the latest via RNS was contained within the final results only last month. Not sure I recall an extra receipt of $1m in his last interview, surely that was in the one at the end of the Summer. In his last video interview in December following the Finals (front page of website), he talked of the various options being explored to settle the matter. Not sure what more he can RNS or say until some progress becomes reportable.