KAZAX MINERALS INC V.KZX

Explanations

[shlo]

Explanations
What’s going on here? I lost too much money here. Does anyone can share his/her views on this?
I don't see a reason to the price being that low.

[sethro]

Looks to me like they just raised over 3 million $, I didn't have any bids in but I'll try to get some on Tuesday morning.  I'm pretty sure it was just one seller who wanted out of almost 1 million shares ASAP for month end, perhaps a fund?

[Irontank]

Most likely is that our two primary financers are about to fund the next stage of development and want the shares at 2.0 - 2.5 cents a pop.

[sethro]

Maybe, Im not sure why the financers would need the shares at 2 or 3 cents when they are doing debt financings?   So today (see news) they both kicked in another 10 million $ each and still the share price does nothing?  Do you think anyone here knows anything about Riad Al Sad the chairman of Habtoor Leighton Group ( https://www.hlgroup.com/ ) which does over 18 billion $ a

[Irontank]

The last few financings by these two were at lower and lower costs per share as the share price continued to fall - The NR release stated that the terms of the loan would be renegotiated prior to the maturity date of the loans - Which is October 31st 2014 - And that it would likely include conversion options and warrants - So we shall see - However - Having said that - I totally agree with you

[burtyburty]

Great questions.  It baffles me that this stock is still trading at a few pennies.  I think perhaps  they spend nothing on promo and basically no one knows about it.  This stock is a lottery ticket for those patient enough.  

[Irontank]

I agree about the time and energy spent on PR - These guys are really focused on completing the bankable feasability study and moving the business forward - For me the most impressive thing about this company is the quality Team they have have built and the support they have from some key directors.  A tonne of industry knowledge and expertise.