Member Info for TheBasher

Unless you are already holding! I have got everything crossed for positive news to keep flowing during suspension so that when it’s lifted we get a really nice gap up

Sounds like buyer wants to get the full deal done to get 100% ownership of shares prior to end of year as originally announces. Happy days.

Sorry wrong board. Should be KZG.

Sounds like buyer wants to get the full deal done to get 100% ownership of shares prior to end of year as originally announces. Happy days.

Nm

They did not need to but companies do miss deadlines, either through inefficiency or as you say McQUeen, for nefarious reasons.
The link to the rule:
https://www.iasplus.com/en-gb/news/2022/03/fca-and-aim-end-deadline-relaxations

Could be they got caught with their trousers down and through laziness/inefficency did not compile the accounts on time (like last year) without realising that the rules had chaged and they now must suspend.
I sincerely hope this is the case, but on AIM Ive learnt on AIM to expect the unexpceted so McQueen you could be right, but I'm giving them the benefit of the doubt and have no choice now but to sit it out. What I do know though is that money is coming in while it is suspended.
We may get a pleasant surprise when the suspension gets lifted.

Just reread the RNS of 29th Dec…
Hopefully and finally our patience as LTHs will be rewarded.
Looking forward to the first production update RNS in 2023:

Operational and Financial Highlights

· Acquisition and refurbishment of Rustenburg smelter, funded by a £4.5 million Placing post Period end, will enable Ironveld to mine and process ore for the first time;
· Mining activities commenced December 2022; and
· First furnace close to production at Rustenburg smelter.

Outlook
· 2023 expected to see production and sales increase rapidly as the smelter moves to full capacity production.

What with Ironveld too, I’ve lost all faith in trying to make investment decisions. It’s just a pure gamble, and that’s not fun when it involves your pension. Speechless.

Every company has to issue risk statements.
Of course they need more funds for expansion.
But where those finds come from is not defined.
Could be from cash flow:
"With the Company seeing increasing production from the smelter during the first half of 2023 the outlook is extremely positive".
" In addition the Company expects to rapidly increase production and revenues as all three furnaces at the smelter reach full production in the first half of 2023, which will see the business operating on a positive cash flow basis."
Could be from Grosvenor:
"The Directors have received reasonable assurances that progress is being made between Grosvenor and its potential funders and is hopeful that an investment by Grosvenor will be completed early in 2023.
Could be from a raise.

Who knows. But to pull out one line is a bit disingenious.

I don’t disagree but this time choosing to take it at face value that’s it’s done.
But the SP hasn’t even woken up let alone shown signs of life so you may well be right.

@davethedumin
“… all material underlying agreements required by the Debt Purchase Agreement and Share Purchase Agreement have now been agreed and signed. ”
What’s ambiguous?

I’m in shock. An RNS with no ambiguity. And news that a deal has fully completed. Hallelujah.
Merry bloomin’ Xmas!

Returning cash to shareholders? So maybe a special dividend is on the way…

@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.

Well let’s see if Dennis has brought me a nice Christmas present…

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/

Thank you for sharing such wisdom.
Who would have thought that a share goes up as well as going down.

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.