Member Info for Poppyseed

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")... "

Just as the RNS indicates, he told me he took part in the raise. Make of that what you will but it's hard to see it as anything but a positive indicator on his outlook here.

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.

The big difference here is that an external party has just put in £4.2m at 1.5p. Follow the money, not the words!

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.

No logic in a placing being a cause.

AMS has just paid 1.5p/£4.2m for 29.9% and, from the explanation given after the recent AGM, it's clear they were not supportive of Resolutions 8 and 9 concerning the extension of removal of pre-emption rights.

Add in that the CEO has just talked of his ambition to make money for investors via Kazera in an interview he didn't need to give.

Where's the logic in a dilutive placing immediately following those recent events?

In any case, why wouldn't AMS just cover any short-term funding requirement, even supposing there is one? I can't see them sanctioning others filling their boots down here when the only way they make money themselves is to see the SP above 1.5p and at a time so close to production/sales/other ventures (or why did they buy in at such a premium, agreed over a year ago but the bulk of the deal being completed so recently?).

It's there now

https://twitter.com/StockBoxMedia/status/1748409498929111386?t=F4HNqOKSgLNw2l_gKlDtdQ&s=19

First, a little teaser:

https://x.com/MarketMusing/status/1748306473610858865?s=20

Https://twitter.com/StockBoxMedia/status/1748064216689283115?t=0MrrHnHSYgzJtU6FcHbPQg&s=19

FB, re dilution, compared to old PFP, the value and potential value of the assets to be acquired makes all the difference, especially what appetite the City (pre-Readmission) and PIs (post Re-admission) will have for the NewCo stock on the back of such potential because, of course, that will determine the SP.

On the face of it, the new valuation will be c. £14m market cap but I've heard of people fancying a return at up £30m market cap and then potential for at least 20x over time.

There are so many things that go into the valuation and demand melting pot, not least the mood of the market, not least further drilling and determining an initial JORC Resource but overall, I could see a floor of around .35p and good potential for a return at, or a demand-led early rise to, 0.7p to 1p (or equivalent because I could easily see a share consolidation as part of the re-admission process).

Further out, if indeed the drilling confirms a world class resource similar to neighbouring Alphamin, there should be potential for a ride to 3p to 5p+ but always with the potential for an attractive offer from a major player (like the C$1.1bn market cap Alphamin where, indeed, many of the Rome people were involved in that discovery!)

Will history repeat itself? That's the game here!

https://www.alphaminresources.com/

Guess there are some accurate statements in that piece but definitely a load of howling errors, the worst being that Hebei now own the Aftan ops, having paid the money over in Dec 2022!!

A fair few more than that FB!

It is intended that the Proposed Acquisition would be affected by way of a Canadian Plan of Arrangement pursuant to the British Columbia Business Corporations Act (the "Plan of Arrangement"). The headline consideration payable pursuant to the Proposed Acquisition is stated in the non-binding heads of terms as £15,940,891 or CA$27,418,332 using an exchange rate of 1.72 GBP:CAD, to be settled by the issue of new Ordinary Shares in the Company. In this respect, the Company proposes to issue to the shareholders of Rome Resources a total of 3,188,178,220 new Ordinary Shares at an implied price of 0.50 pence per new Ordinary Share, representing a 3.28% discount to the 12 month volume weighted average price (VWAP) for Pathfinder's Ordinary Shares, being 0.517p.

On the other hand, Rome Resources shareholders apparently willing to price "old" PFP shares at .5p, presumably with a view to an uplift from there, and new assets to at least the value of c. £16m, hopefully rising as the exploration results confirm the potential "world class resource".

New ball game. Relist SP will depend on how much the City wants to pay for a stake in the "Bisie North Tin Project" potentially comparable to Alphamin.

"Rome Resources has made recent discoveries of tin, copper, zinc and silver on both permits, which are situated only 8km North and on-trend from Alphamin Resources (AFM.TSX) Mpama North and South Tin mines. Alphamin is the highest-grade tin producer in the World mining at a grade of 4.5% tin and accounting for approximately 4% of global supply from the Mpama North mine alone."

Https://x.com/steddieddie/status/1740059989212016710?s=20

Based on original Align agreement (Put Option) with AMS which was for 280m/29.9%, today's RNSs would suggest that Align have now divested their remaining 30m that was held via Spreadex per the last TR1s.

Given that the recent AMS TR1 accounted for only 250m shares, I'd say we'll likely see a further RNS shortly saying they've now moved to 280m/29.9%, their full take up @ 1.5p, per the Put Option.

"Dennis Edmonds, CEO of Kazera Global commented: "We are delighted that AMS has now completed its share purchase, which was completed at 1.5 pence per share, a premium of 183% on the Company's closing share price on 12 December 2023. "It is my pleasure to welcome AMS as Kazera's new largest shareholder. AMS and its partners have extensive experience in mining and infrastructure projects in Southern Africa and we have no doubt that they will add significant value, including via a number of new possible project opportunities AMS has already introduced to Kazera."

Prem Premraj, CEO of African Mineral Sands added: "Whilst it has taken longer than expected to complete the share purchase, we are delighted to now own 26.69% of Kazera.

"Having previously agreed to pay 1.5 pence per share we were happy to conclude the purchase at that price as the opportunity Kazera offers is considerable. We believe that we can use our contacts and connections to build on the current assets and support the management team to create a highly successful company."

Meanwhile, the take on our HMS from Tectonic Finals statement today:

"Our "Deep Blue" and "Whale Head" diamond and heavy minerals investments in South

Africa, managed by Kazera Global Plc ("Kazera"), took a very interesting turn

this year. Elevated radioactivity readings from the presence of highly desirable

monazite in the rare earths component of the ore required special permitting be

obtained. Monazite, a significant source of rare earth metals such as cerium,

lanthanum, and neodymium and is in high demand in high-tech industries such as

electronics, renewable energy, and electric vehicles. While the additional

regulatory hurdles are a minor hindrance, the long-term commercial value of the project is enhanced with this outcome."

Https://www.youtube.com/watch?v=op1AXA4f5kA

Hasn't IRON got its own board?

Keep 'em peeled, presumably Dennis about to give an interview:

https://x.com/StockBoxMedia/status/1737442304460247389?s=20

He's been busy again:

https://theoakbloke.substack.com/p/kzg-year-end-thoughts?utm_source=profile&utm_medium=reader2

Follow the money! £3.75m at a ridiculous premium speaks louder than any more words from me.

I'll wager that with this now over the line, there's more to follow in short order.

I notice the original plan was for 280m shares/29.9% holding but I see it now being said that the deal is complete. So RJ appears to be hanging on to 30m (his last TR1 refers).

This would appear to leave AMS scope to accumulate a further 30m in the market. Could this explain some of the current craziness?

Well, yes, not sterling because of last year only, when, at a late stage, the auditors decided they needed something from Namibia before they would sign them off.

Given that Namibian ops have been sold and linked subsidiaries such as Kazera Global Trading (which I'm guessing might have been at the heart of the issue) are in the process of voluntary strike off, I think we can reasonably anticipate that all will have returned to normal.