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Adams has completely wrecked this 'company's' future with his appalling greed, consistent lying, and utter contempt for proper governance and those who pay his fees. Only way these assets get monetised is with him out of the way. The Ethiopians,having read the latest ridiculous RNS, surely must be considering removing his license. And the Saudis well I cant believe they are stupid enough to get into bed with Adams w/o having contingency plans to pull the plug on his lifestyle shenanigans
What I was actually pointing out is that with a normal minimum dealing size of 300,000 and 10,000x the number of shares issued courtesy of the scheister, it is going to be pushing water up a hill to get any meaningful momentum going.....no market maker is going to warehouse lots of stock on his books knowing HAA's reputation for lying, and his inability to move the business forward. They are going to super careful not to have capital tied up in this hologram of a listed company. Even if they do start to feel more comfortable they know the stock overhang from embittered and disillusioned LTHs is so ginormous that at the sight of any tangible good news, the spread will go out and they wont be making a market on the bid for fear of being swamped with shares.
/fevertreeman are you saying we should consolidate the shares to create more squeeze for the stock, what I seen it ended in a SP drop actually ???
This share was at circa 0.2p hence the consolidation which resulted in a share price of circa 5p
Best of all Smellyben, go and meet him when he is in London. I have met him on a number of occasions in Cape Town and London and will be interesting to see what you think. Bear in mind that this share was 10p before a 1:17 consolidation so effectively £1.70 !!
https://www.caesarsreport.com/blog/kefi-gold-and-copper-increases-hawiah-resource/
https://waltainfo.com/turkish-investors-to-widely-partake-in-mineral-resources-in-ethiopia/
https://www.zawya.com/mena/en/projects/story/PROJECTS_Saudibased_Islamic_Development_Bank_eyes_codevelopment_opportunities_in_mining_industry-ZAWYA20220121085133/
https://www.arabnews.com/node/2007461/business-economy
Includes video
http://www.tradearabia.com/news/IT_392062.html
It’s a good opportunity for us all to exchange numbers set up a WhatsApp group , act as one , co ordinate votes and meet directors to make them aware ( if they are not already ) about our reservations about our great leader
Agreed Simms45
We are simply NOT here to pay exorbitant appearance money to a guy who’s story doesn’t wash any more.
We are here for results. That’s it… results.
No more flannel, no more indentical presentations.
RESULTS
You are spot on SB_1964 as the dilution was galling for everyone where the board filled their own boots with free warrants. I hope at this forum they get some pretty robust questions. Their salaries ,which are excessive, should have been at the back of the queue or they are not taking any risk themselves? When you have a company the directors should be the first to take a hit and then when they right the ship they catch up when investor sentiment respects the board for taking some of the pain. Harry and team run up a huge internal bill and instead of waiting for TK finance, which is always imminent, decided to dilute existing shareholders and increasing their stake. I will not be surprised if Harry now tries to release a new cash bonus scheme to add on top. you can argue that taking shares is some sort of sacrifice but they should have taken shares at 2p that was the price they were refusing to take funding earilier. I agree the assets are great and everything is largely in place but Harry has taken complete advantage from the carcrash that was his own making and does not have the honour to apologise to shareholders that his multiple RNSs stating financial close was imminent was at best optimistic or worst a blatant lie. His lack of any apology for all his RNS shenanigans is really very bad and he does not really show any remorse. Many investors were sucked in by all his RNS updates that TK financing was Dec 2020 / March 2021/ July 2021/ Dec 2021 and it is quite possible he knew none of it was true but happy to mislead shareholders to continue investing. How can you be 12-18 months wrong. i get 2 months or even 6 months but 12 months and more is starting ridiculous. Feb - May 2022 we are now told is the window. Lets see as Ethiopia is all but peaceful so he will shortly be not able to use the security as an excuse.
And while we're at, what reasons were given for issuing warrants as well...its truly sickening. If I were to find myself in the same room as Adams I would be sorely tempted to wipe that supercilious grin off his face
Diluted to hell has already happened. There is the unbelievable figure of almost 3 billion shares in circulation. This means that it is going to virtually impossible to get this moving in any meaningful way as the market makers will ensure that they dont get stuffed
On the button. Sadly , the difference between Walter Mitty and Adams is that Mitty was an innocent ingenue and a dreamer, Adams is ann utter scheister who has destroyed everyone's wealth except his own. His behaviour as Chairman?CEO is utterly appalling. There is no independent non-exec chair as he combines both roles; best illustrated by disgusting smash and grab attempt to get £500,000 CASH bonus for doing his job securing TK funding. Only abandoned when Winnifrith belatedly realised that Adams cared not a fig for his shareholders. Since then we've had the whingeing Aussie complain about how running this company eats into his family and leisure ffs. His reluctance to do any proper work beyond occasional trips to glad hand it with ministers or the odd IR seminar where he repeats the same toxic nonsens he has done for the last 5 years....Both the Ethiopians and Saudis are in no mood to play ball with him on his terms. meantime having failed to get his hands on 500k cash, he instead overcompensates himself and the rest of the shower of a board..
https://www.zawya.com/mena/en/story/PROJECTS_Saudi_to_launch_mineral_licensing_round_for_zinccopper_project-ZAWYA20220120103132/
From Ethiopian mining minister
Honorable Prime Minister Dr. Abiy Ahmed, during his stay in Turkey, we had a broad and constructive discussion with the Turkish Ambassador H.E. Mrs. YAPRAK ALP about the opportunities for Turkish investors to participate in mining industry investment. Especially the selected Turkish investors. To participate and work together on mineral resources. We have come to an agreement.
Deals are getting done parties are getting interested in investing into both Saudi close the deals harry.
Two thoughts on directors getting all shared up, at the expense of those they are supposed to increase shareholder value for;
1. Any decent/proper director (confident in their own abilities) would avoid diluting those they are supposed to “protect & serve” and would gear their own financial rewards to success.. these are obscene numbers for fully expensed individuals, who fly around the globe at the front of the plane achieving four fifths of nothing at the other end.
2. We will know soon enough if these people are drinking their own cool-aid and believe in what they are doing here. If they start selling these free tokens on the open market ‘early doors’ then they clearly don’t think the wait for project/financial close is worth it… after all, why sell if you are on the brink of a huge re-rate?
I’m hugely invested here. In 2017 I owned nearly 2% of this.. now it’s a fraction of that, and I am physically sickened by HAA and his Walter Mitty behaviour. He needs to become a statesman, find some gravitas from somewhere and GET A BLOODY DEAL DONE…..:
That said.. the assets are the assets.. and they are substantial & growing.. so, at some point (unless the incumbent Muppet Show has diluted us all to hell in a hand cart) we might see some SP upside..
So tired of waiting for decent/strong commercial behaviour here tho’……
the Company confirms that certain Directors, senior management and employees have today have been issued with a total of 134,947,069 Remuneration Shares and 67,473,534 Warrants. Further details concerning dealings by persons discharging managerial responsibilities and persons closely associated with them ("PDMRs") is set out below. All of the Remuneration Shares and Warrants are being issued in lieu of accrued fees and salaries that were due in cash and was conditional on passing a shareholder vote at a general meeting of the Company held on 13 January 2022.
It will be interesting to see how many of those shares are sold. I'd have thought for the upper management if they knew things were close, they'd simply hold. Some lower down might sell a few even then, I suppose.