Member Info for Poppyseed

200 - I need Shares badly but do not take the stock down.
900 - Allow the stock to float and trade freely.
1000 - Don't let it run

http://www.pennystockdream.com/Market-Maker-Signals

"...we heard that £150k remained available plus conversion commitments from warrant holders available should it be necessary..."

In case it wasn't clear, I was referring to the statement regarding the covid-delayed finals. I was going from memory, never a good idea and it breaks down as £30k cash, £103.5k still available to draw down and a further £150k available from warrant holder conversion commitments if necessary.

I'm sure the income from the record-breaking diamonds haul is what they're now looking forward towards to start the new (cashflow) way ahead.

Not below 2p imo, if at all. I think the late Oct took care of that. Minimal loan of £250k to carry them through to profitability, courtesy of Align and Riverfort, of which we heard that £150k remained available plus conversion commitments from warrant holders available should it be necessary. Seems to me, as the major shareholder, Align are looking to avoid any unnecessary dilution at all costs in this run up to positive cash flow.

Interesting also that they brought in Riverfort (another of their NY recommendations) and neither have sought to extract a pound of flesh in exchange for their support, particularly notable in the case of Riverfort - any drawdowns convertible, by election, into KZG shares at 2p by year end 2022. Guess they see that as being a profitable option. Speaks volumes?

https://www.lse.co.uk/rns/KZG/loan-facility-replacement-ahqmlqpie8ekcry.html

As per above, as a regular watcher, I can say that the previous date on the application (top line on first link) was last week, Dec 15. I believe today at 09.45 will prove to have been a truly pivotal moment for this Company!

Clicking on the actual application, I can say that the status of the case has today changed from "Submitted" to "Closed (Approved)".

https://sahris.sahra.org.za/search/site/whale%2520head%2520minerals

https://sahris.sahra.org.za/cases/proposed-mining-application-whale-head-minerals-portion-remainder-farm-1-port-nolloth

Ahead of the Company on this one, albeit they’ve already broadcast its imminence. They hoped for it before the end of the year end but most recently steered us to early New Year. Seems they were overly pessimistic! RNS incoming any time now I would expect....

Go Dennis go......

Tucson, lol, Happy Christmas and a prosperous New Year to you. Our averages aren't so different. I'd only say to cut the new leadership some slack for a while, refresh the starting point with him at the helm and judge by results.

There's plenty I can agree with in terms of past promise issued by "the Company" but give the new man a chance. He is clearly not responsible for matters before he arrived with diamonds and HMS and not Namibia even then. Now he is and he has run his side of things with vigour and direction. Funny old thing, Namibia has gained vigour and direction since it was clear he was about to gain full control of decisions. Acid test now in view!

Still expecting final results pre Xmas so maybe more to comment on before the year's out so not signing off quite yet. Not expecting anything much, being to 30 Jun, but looking forward to the the maiden Dennis Edmonds outlook statement.

My take on the HMS asset. Hmmm. First and foremost the EA licence has now been granted by the DMR subject to any final appeals, in my opinion not likely to arise in any significant form, the earlier stages of approval have already passed through the same process. Think we can talk like it’s game on now.

Like yourself, I think it is now THE massive game changer for KZG and the scale of its promise is currently totally discounted. I could wax lyrical from my research on this asset but it's pretty much summed up in one sentence. When Align visited the SA operations around Mar/Apr, the Operations Manager reportedly said "If there was a Heavy Mineral Sands heaven, we are standing on it!".

Align added, "apparently it's one of the highest grades in the world. To say we are optimistic and assured in our forecasts is an understatement…we believe truly a company maker when licence awarded." That would be now then, subject to the expiry of the appeal period plus 6 months to get it going!

And that was before we knew:

• WHM already owns an adjacent area 34 times larger on which it is seeking a Prospecting Licence.

• "...the HMS deposits contain substantial diamond deposits which means that HMS miners cannot get permission to mine them. However, conversely, the density of the HMS makes it prohibitively expensive for diamond miners to extract diamonds. With Deep Blue having the right to mine diamonds and Whale Head holding the rights to mine HMS, the Company has overcome these issues...".

• the project has been assessed by an independent third party who has concluded that it contains a JORC compliant Indicated Mineral Resource of 3.11 million tons at a zero cut off grade of 61.2% valuable Heavy Minerals. Of these, Garnet (30.29% of ROM) and Ilmenite (27.54% of ROM) predominate...".

• the Company anticipates, within 6 months of the grant of the Mining Permit, generating 6,000 tons of HMS per month with an expected gross profit of in excess of $300,000 per month.

• as a by-product of the HMS operation, DBM now expects to generate around 300 ct per month of additional diamond production from the HMS operation.

• Beach diamonds tend to be larger and higher quality than those found inland and so it is expected that these diamonds will attract a premium at auction. Inland diamonds typically attract prices of circa $250 per carat, whereas the Company confidently expects these diamonds to exceed a price of $750 per carat.

All above details RNSed by the Company. Meanwhile, Align puts a 20% discounted NPV of £150m on this asset alone, 34 x larger, neighbouring asset with similar qualities not incl. There's more but I'm still loading so I'll leave it at that.

Diamonds, Tantalum, guess MV5 JV too, close to meaningful cashflow positive production + HMS near term, Lithium further out - MC £8m? Really?? Happy New Year indeed! For me the year the previous warm words will finally gain substance and be dynamically DrivEn forward...se

My research is apparently ahead of the company's haha. Guess they're just being rightly cautious and will probably wait till the standard appeals process after 25 Jan but there's little doubt that the licence has been granted!

Early birds take note, serious extra earnings 6 months after they get going to add to the other forecasts. Now then, what value did previous announcements put on 1000cts of diamonds for starters?

I think this link confirms approval pretty clearly albeit that there's a formal appeals procedure that will need to run its course before absolute confirmation, ends 25 Jan 22 though! Close enough to taste!

https://phsconsulting.co.za/wp-content/uploads/2021/12/WHM-EA-Notice-of-Appeal-10864-MP.pdf

Don't think this can be read any other way and probably gave rise to the change of status today that I flagged up earlier. Looks like it's granted to me! Around 6 months from now then....

https://phsconsulting.co.za/wp-content/uploads/2021/12/MP10864.pdf

Regarding earlier statements from our new full CEO hoping for HMS licence approval by the end of the year, I noted a step forward was taken today. In the link below it can be seen that the latest action is noted today at 08.12am.

As a regular watcher, I can say that the previous date on the application was in early Aug. Also, clicking on the application, I can say that the status of the case has changed from "Studies Pending" as recently as yesterday to "Submitted".

https://sahris.sahra.org.za/search/site/whale%2520head%2520minerals

I'll post any further observations of note as things move along. As I recall, CEO expects to have meaningful/profitable production of this lucrative asset within 6 months of approval.

Next week or the week after I would suggest. Still have the week after that to announce but I see that week as being highly unlikely.

Covid permitting, final results to 30 Jun will be out before Xmas so, as the very minimum, we will get a substantial statement re trading and outlook. Ho ho hope it's seasonally gift-wrapped!

Well done Animal. So the figure now reflects reality rather than the impossible but, in money terms, we're still talking of around $1m a month from tant alone by the end of next year, right?

ATB, tucson.

Indeed Hedgehog, I've previously commented on the beneficial side of recent warrant conversion to the Company in terms of cash received. It's also true that the "up to" £250k is beyond the clearing of the decks on previously unpaid Directors salaries. Nice to have that technical debt out of the way and to hear the fairly low amount now seen to be needed to reach cash flow positive and self-funding thereafter.

That said, I'm still of the mind that this thing may be designed as a shot across the bows of the prospective lenders to either get their fingers out or to get others to get theirs out or to do one. Assuming that message is received and understood, let's see if things suddenly get freed up on that subject in which case, the actual drawdown may end up considerably less than the "up to" £250k available to cover cashflow over the next 6 months.

Oh, those ones. I think the word samples is the key. Can't think that I know of any company that separates out sales revenues of individual sundries. I think the message at the time was more just flagging up interest from potential buyers when and if they could get to viable commercial production. Seems that doorstep is now upon us and as we know, an initial 3-year offtake agreement has been signed with the Chinese who were also said to be interested in helping to develop the production of the lithium reserves.

"Still waiting for the value of those four samples to be disclosed, must have been freebies."

"A test sample has already been successfully assayed in Namibia and has now been airfreighted to Jinxin for factory testing. Payment for this sample is expected by the Company during September 2021."

In view of the latest RNS, it seems you are wrong tucson! A mere "up to" £250k over the next 6 months is seemingly all that's required.

"Generating cash from early next year will mean that we can fund our own future expansion and that we would only look to additional funding if it was on terms that substantially improved the Company's prospects."

New brush sweeping clean? Wonderful to be invested in a company with such a massive future and not able to be held to ransom. Now only on terms that substantially improve prospects or not at all. I like that strength and the shot across the bows of potential funders - get your act(s) together or do one!

Given the context of my post, I was, of course, being sarcastic pottertony. In case the point was lost on anyone, my final words were sarcastically suggesting the absolute opposite of what I wrote.

Furthermore, since mid-year, as the Company states, “despite the investment being delayed, based on their understanding of the situation from a Namibian perspective, the new mine contractor, DJ Drilling, continues to rebuild the road systems at Tantalum Valley that were damaged due to the extreme heavy rains experienced in Namibia. There is continued heavy equipment arriving on site as well as technical teams now busy with maintenance of the current plant. This work is being undertaken by DJ Drilling its sole risk and at no cost to Kazera in the expectation that the investment into the Company will be made.”

“…repairing the road systems around the Mine…noww been completed. DJ Drilling will now begin moving earth for the government approved Tailings Dam that will recover approximately 20% more water from the plant waste materials.”

“Since moving onto site in June 2021, DJ Drilling have upgraded roads and general infrastructure as well as conducting plant maintenance. In line with their continued commitment to the Mine, DJ Drilling have agreed with the Company a fixed price contract, which will see the Mine be moved back into operation and producing Tantalum with a target by the year end. DJ Drilling will then be predominantly paid out of profits generated by the sale of Tantalum.”

"DJ Drilling committing to undertake the work to get the mine into operation as well as their bringing in the necessary equipment has unlocked the current impasse and is a true reflection of their commitment to the project and their belief in its potential. We look forward to a long and fruitful future together."

Five months work and major expense and ongoing for nothing. These idiot companies are everywhere, aren’t they? Gullible, born yesterday types I guess.