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Could the 85m shares have been forward sold hence creating a drag on the recent SP? Anyway, money coming in is good and hopefully upwards from here.

We need to introduce him to MPeople - movin on up

The cynic in me thinks this RNS has the purpose of putting a positive spin on things to pump the SP as a prelude to a placing.

Interview on Proactive Investors this morning is very encouraging and there should be a lot of upside potential from here

He went in May and the strategy has changed. Cash raise via placing and more to come when south and west Texas assets sold. Focus on Pine Mills to increase production. Not fooked, a company in transition and good potential recovery. I appreciate existing shareholders are fed up but the turnaround plans have begun.

In my post at 8.27am today, should be 0.05p and topped up at 0.034p. - out bay factor of 10! Yes, hopefully will bounce to 0.1p which should be when they reported increased production and sale of surplus assets

It is unfortunate for existing shareholders that the company needed to do a heavily discounted placing to generate needed cash in advance of being able to sell its south and west Texas assets; hopefully this will follow and more cash will be generated in the near to mid term. They can now focus on increasing production of the Pines Mills asset. Based on the numbers, the SP should bounce to at least 0.5p and with increased production surpass this over the next few weeks. A blow for existing shareholders who may average down but a great opportunity for new investors given change of strategy and some encouraging board changes. Topped up this morning at 0.34p. DYOR and IMO

Advfn comment suggests the sale of 5m shares after 4.30pm is placee forward selling. The placings have taken place annually in May so I don’t think he (or she) is right. Even if there is a placing it cannot be at less than 0.2p (the nominal value of the shares) unless there is a share reorganisation first, which I believe would need a resolution to be passed at a GM. Thoughts?

Ilovesushi, what makes you say that?

Does he hold any shares in GPL? If not, perhaps the collaboration is not as bad as it first appears?

David Ian Jones, you are either an investor genius seeing what no one else can see, or you are a bigger mug than the rest of us. Best of luck

Surely we are due an update generally and an explanation around the RNS today given that AMS came in at 1.5p a share and the expectation they would provide KZG with opportunities which (presumably) Jennings et al will not. I’m confused as to what the impact of this is and how (if at all) it will affect KZG in moving forward with its mineral sands project

That’s great, but I do wonder what is holding the SP back, I would have expected a spike of up to at least 0.5 on the news this morning and what spike we did get has been clawed back. No obvious large sales going on which might be indicative of a placing.

Acker, isn’t it odd to give exclusively rights to 2029 but are still working on a binding contract? Surely the 2 should be concluded simultaneously?

Sham, the point is that the company is significantly undervalued on AIM whereas there is better access to capital as an unlisted company and on a more realistic pricing basis. This company surely is worth significantly more than the current MCap of £3m. To me, this is an opportunity not a disaster, although TBF I was holding at an average of 12p a share before today and therefore not hit as hard as most investors.

Sham, shareholders will moan and grumble but they won’t cut off their noses to spite their faces….. this will delist. The thing is, others want our shares on the cheap before delisting and this should create an SP rise if us PIs hold / add and don’t panic sell. IMO and DYOR

I predict it will recover to 5/6p - the 2p should be the bottom. MCap is ridiculously low given the assets held

The directors will significantly buy at this low price, there will be a buying frenzy before 12 August and the vote to delist will get more than 75%.

They’ll get the 75% IMO but those that want to take it forward will buy more shares before 12 August so they can by themselves get as close to 75% as possible without having to rely on PIs. I expect a SP surge before this delists.

So, be greedy with them and hold or buy more shares at this ridiculously low price