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Winifroth has been bullish on kefi for over 6 years... issuing over 60+ buy recommendations in that time and concurrently experiencing a 99% drop. tw is just plainly utter tripe when tipping stocks. he should stick to his niche of highlighting dodgy outfits.
You may well be right on that one Fantasy. All I'm saying is that my investment thesis remains intact so long as TK (and the SA projects) continue to progress. Whether the SP rerates now, or in ~4 weeks, or not for another 6 months is not something I can predict particularly well. But I can say that it ought to rerate at some point, provided progress continues to be made. So I will wait as patiently as I can until that day.
Thanks DVH... TW is always bullish about KEFI and had been for a while.. I will believe it when I see the RNS.. :)
TW is so bullish after the latest update (and contact with HAA)
'As such, we continue to consider that this a gold tip of the year from just below a 0.70p share price to double and quite possibly much much more this year. As more announcements come forth in the coming weeks we expect a rapid rerate: STRONG BUY.'
Electric - lets say that share price moves when the market decides. Based on last 8 years of experience in kefi, share price is unlikely to go anywhere without full finance package sign off. For anything positive, we need the finance final sign off and the ability to drawdown. :) GL
It's anybody's guess really as to what will actually get the share price moving, but as the quote goes - in the short-term the market is a voting machine, but in the long-term it is a weighing machine. I'm as confident as I can be that the scales will begin to shift soon, regardless of what the short-term catalysts may or may not be.
I agree with Fantasy that we're waiting for the full and final approvals confirmed to get the share price moving.
Thereafter it will be a rollercoaster up until we are actually producing.
... no doubt the next month will be interesting!
"The big news that we’ve been waiting for is credit approval from the lead bank. We had that today" - Danners incorrect. Shareholders were waiting for the full and final approval from all parties.. not the bits and pieces..
May be go back and check the previous last 8 years of RNSs.. :)
Danners - looks like you have a great understanding of how HAA operates.. expectation from HAA was that we would have the finance sorted 5 years ago :) Dec-22, and then Jun-23, then to Oct-23, then to Dec-23 and now within 4 weeks.
Why do you think share price is where it is today, which is 0.62p? That is after earth shattering news of lead bank approval and the secondary bank approval due? Because with all the can kicking down exercise that HAA followed over the last 8 years, people have lost confidence in him.
Share price will go nowhere, unless the finance is sorted and bank in the account.. :) GL
ElectricLion ~
"It's in the hands of the bankers now, and has been for some time. Grow up."
That's a fact and HAA can only wait - the same as us!
Blaming HAA for delays is like blaming the weather girls for the weather!
Filter button working overtime - not interested in nonsense!
Sorry Rob; my error. Was too eager to spread the news. Also one month, not 4 weeks.
For clarity; HA exchanging emails with TW (who was made an insider- my impression is he was made an insider end of last week/earlier this week)
States; credit approval from the secondary bank is expected within a month.
I have not listened to TW either, but it is basic common sense that HAA can't RNS secondary bank approval within 4 weeks, because that is not a fact. It's his expectation, and if the banks take a bit longer that's tough luck.
He'd just be giving the moaners more ammunition if he guaranteed it within 4 weeks and it didn't happen. I would imagine there are also legal implications of saying things in RNSs, although I'm not sure of the specifics.
Fantasy;
Get a grip.
The big news that we’ve been waiting for is credit approval from the lead bank. We had that today
We now wait for credit al approval from secondary bank, anticipated within one month., which I have no doubt will be RNS’d. OK?
Thanks Danners so a key word “within”.
Fantasy now would you have preferred a jet lagged and distracted harry to do a rushed webinar from a hotel room?
Joking apart probably did need TW today to explain some things with most of kefi tied up at the Saudi conference.
Danners - simple question. HAA can inform that it will take 4 weeks to for credit sign off approval, but cannot RNS? Was this the same credit sign off approval we expected in Oct-23, delayed to Dec-23? and delayed further?
Rob;
HA/TW says secondary bank sign off within a month.
Fantasy.
Because the secondary bank hasn’t yet signed off credit approval.
When it has signed off credit approval, (anticipated time frame of 4 weeks), it can then, and only then be RNS’d
So 4 weeks is not RNSed and was fed back through the back doors? :))
Whilst not having access to the bearcast myself i assume its any time within that timeframe and it would be Rns after it happens.
In Winnifrith we trust to spread the good word 🙏
Why that the timing of 4 weeks not RNSed to the shareholders?
One would think that once the secondary bank has signed off the credit approval, (4 weeks) a significant re-rate of SP would occur, and hence no need for a placing.
TW exchanging emails with HA;
HA states that secondary bank approval should occur within 4 weeks.
This news and today’s RNS…….what relief!
Understanding that the lead lender credit approval was the next step (which must be communicated by RNS), and then the rest of the syndicate can complete their bits (as advised), and that the money will only be drawn as required (to save on interest as is prudent) is not hard.
What is "financial completion"? Drawing the funds? Correct...
Like if you were buying a house, had a lender offer and had agreed a price, but were then saying "well it's not looking good, is it?"
Be careful who you listen to here...
Look at the numbers, and the progress, and then ask yourself what you think the outcome will be...
31st October:
"Progress on all fronts maintains the plan to launch the high-grade Tulu Kapi Gold Project (2.1g/t gold open-pit Ore Reserve plus 5.6g/t gold underground Mineral Resource) before the end of 2023"
10th January
"Full Project launch, including funding drawdown, is on course for H1 2024, subject to..."
Then having the bare faced cheek to title an RNS "Significant progress" and at the same time chuck in another totally unexplained six-month delay from a quarter ago.
If HAA had a single atom of integrity he would walk, if he had any shame at all he would go. Every RNS contains straight-up lies.
Bargepole stock personified