The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Absolutely correct Duck. Here, the same keyboard warriors type the same thing everyday - many without shares.
They seem to think investors need their advice! Z Pei calls the shots in Prem - not GR. Pei's men are permanently on site in Zimbabwe.
I missed the start of the webinar.
Can anyone tell me if we do or do not have the second bank approval?
There is no RNS on this point. If we do have it then why do we not have an RNS explicitly stating this point?
It would be great if we could get this point clarified. Ideally in an RNS.
If you think that was boring think of us poor guys who have to put up with your comments all day every day. Not good
Thanks for your thoughts SR. Yawn...
Correction
My auto correct was playing with this line
What sort of presentation PR was that really? Is that a joke
It was a webicon not webinar
Seen the Harry's talk
The most boring talk I ever seen for years
I always said for many years he SHOULD STOP presenting because he is terrible at it. Gives very bad image. He talks about investing money on PR and he will sack the PR person if things going wrong or not have impacts. Then he is dare enough to himself come and give this BS boring nonsense presentation as a part of PR and expect investors to be happy about it?! Come on Harry, give up your update BS it is truly so so boring.
Yes another 4 boring slides for the amount of time and money being wasted over at least 8 years. Is that all he has to show for it?
I have more to say and will post when I get time
Digest this one and let me know what you think
I am sure you all this it is fair what I raise here
What sort of prevention PR what that really? Is that a joke ?
Get yourself to some courses and improve this BS.
Without any further updates.
Who knows after this. Nobody knows.
All really opaque.
I thought the webinar was pretty detailed... everything is agreed with all the financing, the funds will be released at different stages. They have 60 days for early works completion . I'm not sure what people expected... a pop up mine ?
Said this yesterday.
Webinar didn't go down well for some.
I don't think anyone is getting played, but rather that "In the short run, the market is a voting machine, but in the long run, it is a weighing machine". Let the traders, the stale bulls, the whingers and the terminally clueless have their day. The longer-term future seems as secure as it gets for a junior will-be miner in Africa! GLA
Manu the problem is this is like a stale marriage.
Us loyal types keep going until the divorce papers have been signed. Let's face it I have no excuse I could have sold at a 20% loss after five or so years on that last little pump and dump. I just can't force myself to sell a bean in case HA has decided to give the LTs that chance to make a few quid the same profit he promises in his prezzies every few months.
It's like having your cigarette butts stubbed out on your arms but you pretend - no pain no gain. :)
They’re bailing.. this is one for investors.
I think traders and the disillusioned are playing us all.
How many more years do you think HA is going to continue to say we sign next week but maybe next month or maybe next year? How long will this go on?
Has any money come?
Quiet on here today Mr market doesn't seem that interested
Dare I mention the fours yet
As always @rob thanks for the quick recap - and I urge everyone to watch at least the first 20 mins of the webinar where HAA deals with the question over the second bank (point2) and not to be swayed by ill-informed manipulating comments on here.
Smellys a trader not an investor here, he has invested here in the past when kefis projects was less advanced and is quite capable of turning around and suddenly thinking kefi is great again. Think he has the same problem as Plump in that he was hoping to get in or back in at a much lower price.
SB, we hear you! You don't think TK will happen, there is further dilution just around the corner and altar will take our Saudi assets for next to nothing. We get it! You're not invested but keep churning out the same old message. We're not deaf (or stupid lol)! Please find an investment that meets your needs so you can be optimistic and positive about the future. Better for your mental health than being a bit of a doomster. Shareholders here, I'm sure, are quite capable of making their own decisions about where they wish to invest their hard earned but thanks for your expressing your concerns...
Good night.
Robjm66
Lol.
Nice write up.
I have been out all day socialising and smoozing.. It's a hard life but someone needs to do it. ;-)
Will look over everything hopefully tomorrow.
Have a good night.
Probably the naysayers tried to find something negative connected to the webinar or a Harry stuff up but could not find anything so now sulking Themaskedsinger.
Quiet on here tonight.
Are they reviewing the Webinar from earlier. ;-)
Part three
15.Can you please comment about possible joint ventures?
Initial guide to long term strategy is to JV as seen by us JVing with Artar and government in Ethiopia. Longer term will naturalize the organisation (involve locals)..that might take us into local listing to admit the public (think is certain that kefi will list in other regions) rest of mining industry has turned up kefi keeps getting approached people that want to deal with the assets or partner us or JV another asset (non kefi asset?) not only have we got these projects moving not only are metal prices at all time highs not only are the countries supportive but we have so many choices that they are coming out of our ears.
16.Would kefi consider selling a minority stake in TK?
Everything is on the table.
17.Move from Aim to lse full listing?
Look at when we are bigger.
18. How do you plan to protect shareholder value?
We feel the pain but by delivering and no excuse now and delver we will. Management team have scarified their wages to receive shares instead so they are shareholders too.
19.The biggest question for shareholders is the number of shares in issue what are the other funding options?
Been hard to get capital on Aim however been a big base of support with syndicates and partners. Did placing for advisors this way as it was the best was to do it this time.
20.Cash burn in Ethiopia?
400 to 500k per month corporate and Ethiopia changes with major works.
21.When will Artar have to pay the exploration costs?
Have to catch up sooner or later but good partnership and trust between kefi and Artar no tension number of ways to skin the cat may have nothing to do with the public stock markets (think maybe a cunning plan in the background)
22.Could say what the advisors that were paid in shares yesterday will be advising on?
Mentions Norman green other advisors wanted shares and now targeting 200000 ounces and TK ownership has gone up all this not by accident. Kefi turned corner.
23.Major milestones in May and June.
24.Clearly a major share trader as only ten days left in may not in the business of feeding share traders (great hilarity issues) the critical thing is that Is game on…
Closing comments
I appreciate this webinars..talking to 750 people. Its all good stuff now we can start to enjoy it with the progress i think we are going make.
(maybe should have signed of with what he said earlier "Saudi walk up drill targets ..government support.. two emerging projects..record metal prices”. joking apart all looks good no cash raising envisioned near term, Artar not pressing for repayment, lost license areas likely to be returned kefi looking at deposits near TK and much bigger expansion of projects in Saudi and open to JVing and bigger yearly production ounces.)
Part two
3.Question about wet season and what works can be done when
Detailed project schedule..
4.How will drawdown of funds will work.. kefi historical spending.. government spent half twenty million dollars already (kefi should have highlighted this more in the past). Major works 320 million package (Excluding mining fleet) ERN (Equity) spent first the bank loan.. all the big money in the final works.
5.Will kefi need money for TK before major drawdown of funds for the project?
The answer for the budget is no but what we have to check is in the home stretch is the final lump some needed for the project that no extra money is required if it is but indicators are we have cover it all maybe even more than covered it syndicate carrying the load now..
6.If the TK finance is done in this half year will there be a fixed schedule for construction that the company can be measured against?
Yes.
7.You mention an additional layer of due diligence being set up by syndicate parties will this process delay drawdown?
No the Extra layer is for the banks to get independent advice on security this happens in parallel.
8.Who will pay for security forces?
Two security forces police and private security contractors within the site we pay for our own contractors part of budget.
9.Now Ethiopian government has changed the laws when did the company realize they were needed?
Changes well flagged publicly company has been reporting them. Now in early works program.
10 have The licence areas that were given to shell company been returned and why is the company taking legal action?
Have not been returned but not taking legal action… no “antipathy” with the government expect return when we trigger major works (a big change in a previous webinar would not even discuss this now expect them to be returned when major works triggered by then the shell company would find it hard to defend any claim anyway due them doing no work on the licence areas and obviously the Ethiopian government as part of TKGM will feel more comfortable wit TK progressing and will not need a back up plan if that was the idea).
11 Further exploration areas in Ethiopia where?
Doing pegging (not that kind this kind “mark with a peg or pegs”) (sounds like areas near TK).
12 Rns 13th of May..TK mineral resource 1.7 million ounces.. cash flow?
Open pit Ore reserve plus.. (not sure I understand the question or answer)
13 Is Saudi potential cash flow based on 80 25 percent ownership (?) what the comparison to TK?
Too early to make a definite statement.
14.Water and Energy at JQ and how long till we get an update on JQ?
We are developing plans around JQ which will cover water and power