Australia's largest stock trading and investment forum Australia's #1 stock forum

KZR

0.00%

7.9¢ kalamazoo resources limited

Ann: KZR Grants De Grey Option to Acquire Ashburton Project, page-14

First 14 Last

Share
Profile

Follow
CaptainTony

3,241 Posts.

905

07/02/24

21:26

Post #: 72293140
Share

Originally posted by onthefence27: ↑

Last I checked they picked Ashburton up for free up front (NSR etc. and milestone payments associated with production are all passed on to DEG), put in a few mil and are walking away with $33m for it. Perfect? No. Terrible? Not at all.

Similarly, the Kali spin-off was a great move - there's likely serious value in the Higginsville drilling through pegmatites that occured while Karora were looking for gold. Of course, lithium is a dirty word for now, but that 20% holding is worth ~$6m at present.

So assuming $3m cash + $30m to come (I know, it's not confirmed yet) + $1.1m cash as of Dec 31 + $6m value of KM1 shares for a market cap of <$20m. I'm not a huge fan of their current tenements as it seems to take donkey's years to drill anything in Victoria. But I do think they are likely to spend the cash wisely in time, and that the market will recognise the value of that transaction when it comes. When lithium comes back to life, the value of that KM1 stake will likely multiply as well.

The last time I watched as a company sold an asset for more than the MC, it was MEI selling their Brazilian gold asset. Share price and MC were bugger all. Then Tunks announced Caldeira with the proceeds of that initial sale and the thing went to the moon.

Not a holder, but I have been in the past, and I was surprised at the negativity associated with the sale. This one will require patience, but things could all change in a day, and I suspect it will be corporate rather than the drill bit.

Expand

they found 1.44m oz of gold using only 3mill of cash and got the tenement for free? That cant be right...

KZR Price at posting: 11.0¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

The market's shrugged at China's stimulus measures all year. Why is this one different?

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

NAM

ACCC seeks Olam divestments before it can buy Namoi Cotton

The winners & losers on market if negative gearing were gone

KAL

KalGold rolls out detailed aeromagnetic survey across Pinjin project

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

DEG

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

STK

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

ESR

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

There are more pages in this discussion • 5 more messages in this thread...

First 14 Last

Add KZR (ASX) to my watchlist

(20min delay)
Last 7.9¢		Change 0.000(0.00%)		Mkt cap ! $14.77M

Open	High	Low	Value	Volume
7.8¢	7.9¢	7.8¢	$13.15K	168.0K

Buyers (Bids)

No.	Vol.	Price($)
2	82892	7.9¢

Sellers (Offers)

Price($)	Vol.	No.
8.1¢	76615	2

View Market Depth

No.	Vol.	Price($)
2	82892	0.079
3	131470	0.078
3	234800	0.077
1	65000	0.076
2	210000	0.075

Price($)	Vol.	No.
0.081	76615	2
0.082	645963	2
0.083	47799	1
0.084	64680	2
0.085	198144	1

Last trade - 16.10pm 27/09/2024 (20 minute delay)

KZR (ASX) Chart

Ann: KZR Grants De Grey Option to Acquire Ashburton Project, page-14

The market's shrugged at China's stimulus measures all year. Why is this one different?

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

ACCC seeks Olam divestments before it can buy Namoi Cotton

The winners & losers on market if negative gearing were gone

KalGold rolls out detailed aeromagnetic survey across Pinjin project

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: KZR Grants De Grey Option to Acquire Ashburton Project, page-14

Top Stories

The market's shrugged at China's stimulus measures all year. Why is this one different?

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

ACCC seeks Olam divestments before it can buy Namoi Cotton

The winners & losers on market if negative gearing were gone

KalGold rolls out detailed aeromagnetic survey across Pinjin project

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News