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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Where kefi stuffed up was not splitting it into two rns over a couple of days the first one should have been second bank approvals then the second could be any other parties approvals and the added details about early works and so on. For once kefi got punished for moving too fast and putting out a rushed RNS. Harry does not seem to understand you have to throw the traders some red meat now and again but personally topped up before the webinar and will top up again if I can so i am not crying into my beer.
Mind you the company has done what it said it would and some of the people moaning now are the same people who said Kefi would never get second bank or the whole consortiums approval.
"the TKGM Board, comprising representatives from both KEFI and the Ethiopian Federal and Oromia Regional Governments, has been established to oversee the project's development."
"At the current gold price of approximately US$2,350/oz, the Tulu Kapi Gold Mines Project is anticipated to generate hard currency exports averaging US$377 million per annum. Furthermore, royalties and taxes are expected to amount to US$69 million on average annually, while operating expenditures are projected to reach US$119 million per annum,"
But the same old bs ...no signatures ...no money ..site visits yet to be done..gathering all investors to be done...he's stated by Sept Oct...NEXT YEAR AGAIN ...get invested in zephyr now ..sp ready to double
Only a trade given the 'silly' price. I need to book my upper class flight for the return trip from Vegas! lol
@DVH you buying again?
Short interview covering the key points. Hopefully I've picked up the shares I wanted sub 0.7p....
Sorry I misquoted should have been £100m pa not $
"I'll repeat that again...$100m pa net to Kefi..."
Only just sucked up HAs words supported by Mark Tyler.
All very convincing. He did touch on traders, not thanks for loyal LTs diluted during the lost five years.
Focussing on the HA lasts comments, 'execs in Mining finance and development aren't in the game for money' well that isn't his case with his remuneration where he is probably holding over 3% of the company(capital structure updated 20th May) prior to the last dilution to pay advisers. Although he may have sold most of his shares plonked into Winchcombe Ltd (Cyprus). Half of this video was spin half of it may have been transparent, lets see if it's true and we can all start to enjoy it.
NA, time you moved on to something more exciting as i can see your investment here is creating potential mental health issues. Your reference to being delusional is a worry.....
When HA said I don’t know why everyone keeps asking about the 2nd bank sign off as though it was critical. I’m thinking hang on , all the preceding RNSs expectation of the 2nd bank conditional, preconditional, preconditions of bank board approval blah we’re in his issued RNSs .
Most boring depressing video I’ve seen since the one in Cape Town. Each time the company releases anything I realise my expectations from the previous release were delusional.
Does feel like advisors dumping shares to collect pay packets. Just need a few decent volume days and we should push back to .8. Second bank approval should do it and then when we get cash in the bank. Time is ticking and almost at the end of the month.
My thoughts entirely DV, quickest filter I have ever applied, read two posts from someone who prefers presentation over substance and that was enough. Personally found the presentation both informative and reassuring and have been busy adding whilst the sp is depressed no doubt by the advisors cashing in their share based wages. This will bounce back strongly once the overhang is through and as the minor works milestones are ticked off. The second lender, AFC, will of course wish to see the minor works milestones completed before final approval, promoting economic zones and industrial development in Africa is a key part of their ethos "Promoting Economic Zones and
Industrial Development: Through our
partnership with Arise IIP, we launched
a Special Economic Zone in Sierra
Leone, a significant step towards the
country’s economic diversification and
growth. This project reflects our broader
commitment to drive industrialisation,
enhance value creation, and boost
employment throughout Africa,
mirroring the goals of our other Special
Economic Zones. see slide 19 in their Annual Report
https://s3.eu-central-1.amazonaws.com/afc-assets/afc/12445_AFC_ANNUAL_REPORT_2023_FULL-VERSION_A4_P_EN_V15_HRNC.pdf
Everything has been approved by all interested parties on conditions of certain works being carried out. Kefi have up to 60 days to carry out early works. Funds will be released at certain stages of the project.
Paragraph 2 - wrong forum!!¡¡
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