The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
We will be below 25% in SA unless we get things into gear.
I seem to remember H saying it is best to have a smaller slice of a larger pie blah, blah, blah!
Well we are heading in that direction.
We don't need to contribute to Saudi until we have funding for TK. That's what the rns was about...
These GMCO joint venture refinements continue a longstanding pattern of refinement and reinforcement of the relationship between KEFI and ARTAR in order to facilitate GMCO's progress. It also enables KEFI to allocate its capital principally to the finance-closing and launch in H1 2024 of its Ethiopian gold project at Tulu Kapi, whilst ARTAR supports GMCO's continued rapid progress.
The company has given awat 10%ish of its share of Saudi assets - the company needs to say exactly what they got in return - was it 3.5m or just some liquidity - THAT 2% explains what the market generally values the saudi assets at and is vital info the company cant keep quiet on
Staying realistic, yes there’s a real situation in which we lose 100% of our stake in Saudi.
That outcome isn’t expected, but let’s not have rose tinted glasses.
But also don’t pontificate over potential outcomes without knowing enough to do so.
I’d keep my cards close to my chest on ongoing negotiations too…
There are times I read some comments, and the repeatedness of them, on here I honestly think some people need therapy. Whatever is going on with them their engagement with KEFI cannot be good for their mental health and honestly I fear for them.
SWITCH OFF.
Your answer misses the point, but I suspect deliberately so…
We’re in no position to demand anything. But 25% of a large pot is very much worth having, and keeping our partner happy will be a good path forward.
It’s gone - yes would love to have kept it - would love to still be at 40% but hey let’s be realistic…
I'm still not clear on what the relinquishing of 2% of the interest in Saudi was for. I suspect it was deliberately vague for a reason.
1. IF it was to cover the 3.5m cash that Artar paid on Kefis behalf and that is no longer owed then that values Saudi assets at 40m ish and is very positive
2. IF it was to just pay for the liquidity ie like an interest payment/fee for a say a year but the 3.5m is still payable to Artar then 2% of Saudi is valued at £175k so 25% is about 2m and that is very negative
I did not hear any clarification from HArry in the webinar perhaps it will come later but they do like to keep things opaque while they make final preparations for relocation ....
Wow that was a lot of daft comments.
We’re waiting on confirmation of credit from the second and final bank within weeks.
We’re waiting on news from Saudi about another development milestone.
Funding sounds like it’s all coming from in country for Saudi and is covered by a modest interim facility for Ethiopia pre funding so PLC dilution looking unlikely.
The projects are hugely profitable (value of 15-30x today’s prices) and finally ready to progress after many years of delays.
Followed by more potential projects after this in both jurisdictions which will solidify status as a mid tier miner.
But
“The finance isn’t done… “
“There are costs being racked up”
“SP is not spiking up now”
“Why isn’t it done, I don’t get it”
Circular conversation… thank goodness for Rob’s (and a handful of other’s) interjections for some more interesting content…
Good grief there’s still risk - that’s the whole point of investing at a stage where the MC is low…
The first raise was done at £0.51 pre consolidation.
I think it’ll be hard to reach that again now - but there’s also been many opportunities to average down since then.
Including now.
I’ll not bang on any more - time will tell.
Last purchase was @ 0.53 and expect to make money here.
Good luck to all…
Still no funding. Of course they are serious!
200k a month for over 1m oz proven up . What the hell are you on about !
Quicker than you think! Lol.
Twos or even the teens! lol Anyone else got anything daft to add....
Hopefully into the fours
But with a possibility of no real news until H2 it could go into the three's
Anyone's guess!?
TK is becoming a real drain on resources.
We can also see that the ramping for this share is totally meaningless.
Still a lot of If's, buts and maybe's.
The sp is a "real steal" but no interest.
New Frontier markets and first cab off the rank....mmmm
Focus on the MC (low)& NPV (many multiples higher).
Then wait for sign off.
I suppose a falling SP makes a consolidation more likely, and also that a share price that has fallen before a consolidation may well continue to fall after, for the same reasons. But it would be a logic error therefore to conclude that a consolidation leads to SP falls...
Seriously ? for one look at what's happened since the 1 for 17 consolidation....
2ndly, it sure as hell implies more shares to be issued down the line....
also, 9 out of 10 times, only companies that have diluted holders to high heaven do consolidation - seen as a red flag telling everyone we like issuing shares like it's confetti
and 9 out of 10 x, consolidated shares always drift down....
in theory it's all very good saying nothing changes... but in practise it just advertises openly that it's a dog with fleas trying to mascaraed like a pedigree .
And typically what happens in a share consolidation is the price slowly drifts down to some low level again and your shareholding becomes virtually worthless. i have many examples
Not sure what you think would change with a consolidation, for better or worse? Fewer shares, with a greater value per share still adds up to the same total...
Its my opinion only.
Look to the RNS releases of February and March of 2017.
HAA has to find finance from somewhere. He has exhausted dilution to ridiculous low levels, TK and Ethiopia have dragged their feet for 5 years. To cover the shortfall against KSA and time to IPO there he HAS to find money from somewhere..
Where though ?
I reckon there will shortly be news of a stock consolidation. 2017 was a 17 for 1 from 3.5 billion down to 225m. This time will it be a 20 for 1 or more...
He HAS to juggle the figures to make Kefi share of the KSA adventure more compelling, plus secure finances for everything till after first pour from TK.. At the current share price of Kefi nothing adds up.
I saw this and thought it was a shame - Ma’aden were bigged up as the Saudi partner for mining at the recent Future Mining conference.
HAA made an excellent point yesterday - that we’ve been in country for 15 years and been able to cherry pick exploration targets.
Smart.
Just like keeping the lights on all those years to get to this point…
Have to agree some of the questions sounded like they came from people with little or no idea about the real world. If I was HAA, going forward, to add maximum value limit time given to such questions/individuals who are only there to waste company time.
I am feeling increasingly encourage by our prospects for a major rerate this year. The lead bank has signed off - since they're taking more of the risk I would expect the secondary bank to take significant comfort from this achievement. And I would envisage, barring some major geopolitical event, that we will soon receive the second sign off - then it's up to investors to decide if they wanna be aboard this train or not... Some of use already are, perhaps imprudently, others will jump on as the year progresses.
https://*************.com/views/72560/video-are-my-fellow-kefi-shareholders-your-top-pick-for-the-pub-quiz-team
"yesterday kefi gold & copper (kefi) did a presentation on the investor meet platform then took questions from private investors. i'm happy with the presentation and am happy to still rate the shares, at 0.669p as a buy. they could easily treble this year. i thought boss 'arry adams was upbeat. but i also worry that some of my fellow shareholders are the sort of morons who give morons a bad name. for light relief just skip to the q&a. enjoy."
i am not bad on eighties pop groups and history. would not be surprised if a lot of the questions came from people who are not shareholders and have no intention to be shareholders.