Member Info for Poppyseed

Tracarta is not just a major shareholder, of course, it's the company of John Wardle, the prospective new Chairman. Skin in the boardroom, skin in the game, I like that.

And talking about aligned interests, no sooner is RJ back, his hand is in his pocket with support.

Thanks Metalhead. Brilliant deal indeed.

max19...not only good from the point of view of KZG agreeing to issue those shares @ 1p, I'd raise my eyebrow higher at the willingness for Tectonic to agree to that, thereby devaluing their side of the deal until they can either achieve that price or greater.

Great post SmartMoney, I think the value of one thing you highlight is particularly not generally understood and will hopefully get more light from the company in future interviews:

• Acquisition of the economic benefit to receive an additional £38m in dividend payments from future profits!

As I understand the situation, the BEE partners do not pay upfront for their stake. No money changes hands. Instead, they acquire their share in the form of a loan to be repaid out of profits.

It feels like this may translate into KZG retaining 100% of HMS profits until the BEE "loans" are repaid rather than the 74% thereafter. Any thoughts?

Https://www.arcadiaminerals.global/project/swanson-tantalite-project/

Oldbutnowisa...you're welcome, glad the info helped.

Just to add re Andrada, they are indeed in Namibia but they are near Uis and not close. Whereas the Arcadia/Hebei Sawnson project is on the same hill. In fact that licence circles/envelopes Kazera's mine. Hence the points I made re Hebei. Is it really possible they'd default on a deal for the existing mine enveloped by the area they're currently spending big sums to develop in exchange for a share? Would seem crazy so maybe it's all just Chinese games. Maybe not, but there's certainly good scope for hope.

Dennis is a lawyer! You can bet that contract is exactly as he has described. It's also worth noting the financial and operational commitment Hebei have already made to KZG and have also made/are making over the same hill at Swanson, via Arcadia:

https://www.arcadiaminerals.global/investors/asx-announcements/

From latest Interim report: "Swanson Tantalum/ Lithium Project (Swanson) - The Company secured construction funding for the Swanson Project through a subscription agreement with Hebei Construction (Hebei). Hebei is to construct a plant, the necessary infrastructure and conduct the works to execute mine development and the commissioning of a Multi Gravity Separation plant (MGS).

The funding of the construction is to be for a minimum value of US $7 million dollars, which is to be expended by Hebei in return for a 38% equity interest in Orange River Pegmatite (Pty) Ltd, which company is the holder of Mining License 223. Hebei will only earn the interest at consistent production of a Ta2O5 rich concentrate at a recovery grade of no less than 65% from approximately 12,000 tons of feed material per month.

Construction continued to progress during the half year with progress focused on road construction and the finalisation of design work for the water pipeline, power supply line, civil works for the plant and the procurement of processing equipment. Most of the processing equipment, including all long lead items, have already been ordered and are expected to arrive on site from April 2024, with longer lead items such as the spiral circuit and MGS expected to arrive from June 2024. "

Personally, I think Hebei are dragging their feet on the KZG deal while they spend on building scale and infrastructure at Swanson. As ever, these are risky games being played, they may lose, they may win but while they don't have ownership, they do have possession and they may well have calculated that KZG will be unable to sell from underneath them. As I say, risky! As for litigation, it's one thing to talk about it, it's quite another to pay for it. So on the other side of the equation, KZG will be assessing their REALISTIC options. Sell it on regardless of likely legal challenge? Wait until Hebei settle as and when they're ready and willing? Re-negotiate a settlement with Hebei, if they are willing to pay a discounted price now? Just a few of the options as I see them but I'm sure there are more. Personally, I would not want to throw good money at the legal folk, only to then regain responsibility for a mine I wouldn't want to maintain/run if they was any chance of an alternative resolution. I think these matters will be in negotiating stances of both parties. Who will blink first? We'll see!

He holds 4.61% through Tracarta so his interests are fully aligned and it's 4.61% more than the outgoing Chairman.

It's also an improvement to a looming situation where the CEO and Chairman roles were set to be combined - never a great situation for shareholders.

John Wardle is behind Tracarta, a major shareholder here for years. Maybe it's a sign that he takes a board position only now.....

100

Indeed harvd - https://www.listcorp.com/asx/am7/arcadia-minerals-limited/news/project-manager-swanson-tantalum-mine-3046515.html

Maybe that's behind DE sounding tentatively more comfortable about the situation. Can we really see the Chinese letting the mine around the corner slip through their fingers? Especially having already chucked about $5m at the purchase. Under the agreement, they've paid that for diddly squat if they don't come to an arrangement over the rest.

As the Arcadia suggests, it's not like they've got no money. Maybe they're just being Chinese?

Https://www.youtube.com/watch?v=7ekfQvj_8jo

Fortitude, why put these questions to me? You have the opportunity to put them to DE via StockBox.

Well, questions invited:

https://x.com/KazeraGlobalInv/status/1805175633288315284?t=sxLaayYCmGkg2q0rOXH8Tw&s=19

Fortitude. like everyone else, I'll have to wait for the promised interview on StockBox to hear the latest on these things.

As you say, the nuclear thing is out of their control, except to sensibly prepare for the grant of the permit in as much depth as possible, which is clear from the picture media on X and their website they have been doing.

In a certain sense the diamond issue is also tied up with HMS because the most economical way to extract the best quality diamonds is to remove them while processing the HMS which, of course, links back to the nuclear permit. I don't suppose the SA elections have helped, nor the delay in sorting out the make up of a government.

Nevertheless, it's evident that they have pressed on and sourced new specialist plant and, according to interviews and/or announcements were installing it in Q1 so it's evident that a high level of preparation has also taken place on this too. Quite where we are on it though and whether they can push on with cost-effective diamond production outwith of the HMS ops will hopefully be covered by the promised interview.

Likewise Namibia where a range of solutions is possible as previously explained by them. We live in hope!

Https://x.com/KazeraGlobalInv/status/1803697749331784011?t=vt8uBg5-_2awL8o9DhGMTA&s=19

Https://youtu.be/B8k1nnaDxd0?si=n5KpASoUA5MZr8iL

More exposure and the promise of more, with a member of management, next week:

https://www.youtube.com/watch?v=SNgHoXWFCFE

Https://open.spotify.com/episode/6ytyAEragdpZE0IYHEfMXn?si=K76cYyJHSVG_Ljtxi6nFDg&nd=1&dlsi=7d2bb1babcb447c6

Https://x.com/Rome_Resources/status/1797243276447105528

Incoming interview :

https://x.com/StockBoxMedia/status/1797243512997528061?t=NtAN2e6h_9mhZRkc3T_4zA&s=19