focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
@steven49
I am quite happy that Dennis has cashed in now on the lithium. Compared to other lithium miners, the quantity and quality that KZG have is inferior. And while everyone is working hard to cash in on the meteoric rise in lithium prices and the demand for EV, other fuel technologies are being developed.
A bird in the hand is worth two in the bush.
And now we are very well capitalised to develop the other projects which will likely deliver a much better return.
Er, no. Absolutely relevant here.
And what timing! For all the lovely rumours of a placing potentially causing a mini sell-off (-7% at least) , and then BA absolutely refuting it on Proactive.
As I said deal with facts.
Top up anyone?
I would encourage everyone to look at the facts. The fact are in the RNS, not in the ramblings of bulletin-board posters. The market works in mysterious, some would say nefarious, ways.
One week you could hear rumours that there was going to be a plaything at a much lower price, and a lot of people sell, only to find that the following week and R.N. S is issued to say that funding has been raised with a joint-venture partner, perhaps even with no dilution.
In the meantime, shares have changed hands from the weak holder to the strong holder.
Rinse and repeat.
I am not saying that this is happening here at the moment, but y’all should be mindful that such games get played.
This should answer your question
http://www.alignresearch.co.uk/report-library/
I’m sure you are capable of finding answers to your own questions, be they rhetorical or not!
Pessimism or realism?
How many LTHs have sold?
What evidence do you have for a “sell off”?
Trading history might indicate otherwise.
Perhaps the sp is merely in the range of the last placing?
Yes, this looks like good value IF the smelter deal closes fully.
And on that “if”, I refer the right honourable gentleman to the response I made some moments ago.
@teddy-KGB2
So you are a fan of the cancel culture, with a hint of gaslighting thrown in?
In my view it’s always wise to be open to a variety of views otherwise how do we learn?
To try and discredit a contrary view by calling it the Muppet Show, or referring to people as the “herd” is disingenuous to say the least.
@marc001
As you appear to have only recently jumped in to bed with IRON, and have a 0.3p average, I’m assuming from your posts that you are not aware of all the failed promises over the last few years.
Perhaps your timing is perfect and you don’t need to worry about that as maybe this time, just maybe, the company WILL deliver on all that it has promised to deliver. BUT the reason the likes of me talk about the debt financing package for the smelter NOT being finalised is because this is EXACTLY what has happened with past deals. Promises that signing-off is imminent , and then the deals don’t happen. So our reservations as LTH’s are based on the actual performance of the board.
Many here have much higher averages than 0.3p, partly because of the promises that were made when the SP was 2p, 1.5p, 1p. so there will be a certain amount of frustration expressed on this bb.
I’ve got everything crossed that this time it will all come good.
@bankrupty
Its AIM…. it is normal . Sadly.
If you believe and have bought in to the ALL story then you won’t be worried about what is the normal up and down behaviour of a share price.
ALL has had a meteoric rise that typically would be overheated for a while. And yes, the market may play on that somewhat, but that could also be fuelled by the perceived presence of risk. Nothing is ever a dead cert. And in ALL’s case, the risk could well be the mining license.
Now I’m not saying that they won’t get the license (they certainly appear to be making all the right moves) but I’ve been in the markets long enough to have seen many “dead certs” not be a dead cert. No comparison intended, but ask SXX or GKP shareholders how sure they felt about the outcome of their investments. Expect the unexpected.
I still get caught out. My latest bug bear is IRONVELD - over the last 2 or 3 years there have been numerous RNS’s literally stating that funding had been agreed and they were just waiting for the money, only to find out the funder didn’t have the funds! Ok, now funds have been raised, but at huge dilution and a crushed SP which has been a major poke in the eye for my averaging down. And yes, they’ve now announced they’ve acquired a smelter for almost $0 and refurbishing it, but the deal isn’t complete because the debt acquisition part of the deal isn’t finalised. Meaningless words such as “imminent” are now common in RNS so I, and I assume the vast majority of LTHs, just don’t take the RNS’s seriously any more.
So just a cautionary tale, to share experience, and highlight the risk of over commitment in any one share.
Now, when do I buy some ALL?! The 30p level certainly looks interesting in terms of a support level…. if it gets there !
9/12/2022:https://twitter.com/ironveldplc/status/1601150961942142977?s=61&t=4aoEhdcIfnzoJnfI8UcbeA“The Board are also confident that the closing of the FCF acquisition will complete soon.”.Rinse and repeat.“Confident that…will complete soon ”.Ya de ya de ya.Change the record, Martin.Just deliver the deal COMPLETED.
I meant to say that this was NOT my intention to compare the companies! I was merely interested in the thinking behind the large investment prior to a mining license even being applied for. I have my answer!
I don’t disagree with you at all. This was a case of comparing the scale of the companies. I originally just asked about the mining license! KZG is a whole different vehicle to Atlantic lithium. Wish you all well with it.
KZG October 22 presentation states:
Reserves: JORC compliant resource estimates of combined Indicated and Inferred Tantalum deposit of 622.2kt and ,125.6kt of Lithium
Hebei Xinjian Construction to invest USD 7.5m for 49% of Lithium marketing company:
• Investment covers costs of upgrading tantalum plant to increase productivity over tenfold, and also allows for the addition of a lithium processing facility.
• Minimum $2.5 m payment in cash by February 2023 (first $500k already received)
• Up to $5m contribution to be mutually agreed in machinery, equipment and expertise
• Fully fund Namibian operation
• Lithium production and sales anticipated to commence Q1 2023
So I don’t think they see a problem with getting the Lithium extracted….and there’s 125.6kt, with production starting Q1 2023.
https://kazeraglobal.com/wp-content/uploads/2022/10/Kazera-Presentation_2022.pdf
Listen to this interview:
https://youtu.be/Tb3aukLijCc
First sentence “We are not needing money…”
Company is funded to bring all assets to production, and becoming cash flow positive.
No need for a raise.
That message is very clear. Very happy holding my not-so-small position (for me, that is).
https://kazeraglobal.com/
Always gets my attention in anticipation about what it might reveal….