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chasf - he did say that yes I agree though I dont think a convertible loan what he meant - not long to wait to find out though
sorry responding to dsrt2012 comment about giving up!
That kinda contradicts doggedness, tenacious and tenacity lol
I believe he did say something along those lines.
I'm fairly sure HA said yesterday the consortium expressly did not want to go anywhere near the stockmarket at the moment, which a "convertible loan" would.
5.48% up today at moment so looks like all new investers are ignoring your advice..carry on for rest of month we should be around 3p by then..iys quite simple SB why harry has to get a loan ..what would anyone do in business..BUT WHAT WOULD YOU DO...probably say close up ive had enough
So again dont address or refute the point - merely abuse the poster - classy !
As for EUA - I've been averaging down (though still about 15% down :( - confident it will blow one day soon - maybe this Friday evening - we'll see - I hope so as I have 6 figures in it !
Smelly are you just bitter cos your EUA shares have dropped 14% in the last 2 days? That's way down on what you bought in isn't it? Why don't you spout off on that BB instead?
What the f*** are you talking about - are you denying he is trying to raise money before end of June despite him saying it yesterday, the RNS last week and the auditors report ???
Everyone knows he is trying to get money to pay creditors/keep the lights on until / if he can get funding for the - what 8th???? - time of asking - we will find out very soon, maybe tomorrow if he has managed it and on what terms - I dont expect them to be pretty. that much is a FACT
in my OPINION I'm saying to new investors to hold off until you see what they are - suspect £3-4m convertible loan at around 1.40 which will be sold into the market once signed so share price will drop down to 1.40 - if you still believe in Harry buy in then
SB scraping the bottom of barrel now ..just to find some kind of negative..it must be killing you not to have anything ...i wonder what you will be like when we get this over the line ..
Sorry you are wrong - he is raising money right now to pay creditors/ keep the lights on as was said in the last RNS AND in the webinar yesterday - its no secret - he didnt say how much or what terms - that is what I am talking about NOT the project funding. Lets see if he can get the money and on what terms.......
Smellyben not sure if anyone listen to a slightest to what you say, the Minister fiasco caused the dip in the SP and Harry been upfront on this and what transpired which was nothing, if and big if a backer pulls out then he may need to raise money of course to get the deal over the line but bearing in mind the multiples on the SP on this project and Saudi this on completion is a good place to invest of course everything has its risks and rewards and there is of course downsides to multiple upsides but for me after the Quarterly Webinar I am extremely happy and hope to hear some positive news hopefully sooner rather than later but the deal should be sealed before end of July in my mind by the way Harry was talking GLA !!!
I would just caution any potential new investors to wait to hear what terms the latest fundraise /loan that Kefi are negotiating right now (assuming they are able to get it).
In the past similar deals have been hugely dilutive through the convertibity of the loans at low prices (which the lender tends to sell into the market to make an instant profit which drags down the share price- you should hear within a week or so no need to rush in here until that is clear - it will be well ahead of any finance closing (which they have been promising for nearly 3 years now!)
What i didn't say when signing off yesterday was a big thank you to the numerous posters who have continued to post positively about the company and highlighted information contained in RNS's and interviews. This in spite of the increasingly desperate deramping 'noise' of a few EX peeps who are drowning out reasoned debate. Firmly believe this will come good and look forward to meeting fellow shareholders at the AGM in 2022!!
As Harry mentioned in webinar Abiy is the only multi ethnic party in whole of Ethiopia bringing a lot of ethnic groups together with the rest of the parties largely tribal. Obviously TPLF are most upset as their paramilitary organisation that ran Ethiopia into the ground for 30 years under military rule was dethroned and were not happy. Cant be easy thing to do as its arguably not possible to defuse this kind of organisation apart from disband. Abiy will win election confidently and country is one of the fastest growing economies in the world, albeit from a low base, but when moving to democracy it ruffles some feathers. We should get election result shortly and hopefully that will seal the National Bank signoff and agree all of syndicate. Once bank has signed off the rest should be relatively easy as investors are putting in quite a small amount and Kefi will convert $70m of historic investment, now largely written off, into our 75% equity of the $320m funding package. At the very least company value should rise by the $60m that will be converted into hard equity compared to its current $13m value in the accounts. Then you start from ground zero. Within 6 weeks we should know and while the wait is long, some more than others i suspect it will be worth it.
Agree Steve filtered them all out long ago .Feeling of self gratification Knowing they are wasting their time. Its nice to come and read helpful advice and constructive views from fellow like minded PIs. confident after H webinar .
The only fly in the ointment was the negative report on BBC news last night regarding the election although H stated he thought the result either way wouldn't have a detrimental affect on funding lets hope he is correct on that one.GLA