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One of his posts on another stock :
"It is very difficult for anyone to post anything even vaguely negative, no matter how well-intentioned or researched on any BB, without those who are already heavily invested jumping up and down with rightous fury. That's human nature I guess."
what a hypocrite !!
You mean like the copy/paste b/s resident faux guru ?
For anyone who cares, TCM is copying posts verbatim from ADVFN. Posts which may very well have an agenda themselves. Look on ADVFN and make your own mind up if you wish. As for TCM, not sure he's capable of an original though or meaningful insight. It is highly unlikely you will miss anything by filtering him.
Looks like like upwards for 45% interest rate charge !!
CLN facility with Sanderson taken out in Nov 2018 of up to £4m with £0.5m drawn down.
The annual reports show bridging finance
* in 2019 (£0.6m borrowed +£0.7m interest/fees)
* £0.5m Sanderson CLN repaid in shares and £2.2m death spiral CLN (+£1.2m interest/fees)
* 2020 (£0.7m borrowed +£0.1m interest/fees), 2021 (£2.7m borrowed +£1.1m interest/fees)
* £75k Sanderson CLN repaid in shares, and in 2022 (£1.8m borrowed +£0.5m interest/fees)
2023 .... ??
DDR Q&A
Q. How has Kefi been funding itself since the last placing proceeds ran out in Q3 2023?
A. By drawing down the 'Sanderson Capital' working capital facility.
Q. How will Sanderson be repaid?
A. By issuing them shares at a discount to market price.
and Sanderson has had no declarable holding in the past, which means they were forward selling the past knowing kefi were drawing down on the loan.... and would be settled when shares were issued as payback.
as for the interest.... it's an eye watering 30%+.. also settled in shares.... forward sold no doubt
See someone has sold 2m today, about an hour ago.
Good news though it hasn't affected the SP.
I got back in about a year ago in the hope that TK would be financed shortly. Too much risk for me and I am out. Good luck I hope the finance gets approved soon
Trading very slow again today punters waiting to see what Harry has to say for himself tomorrow before making any decisions
Will he be bringing Saudi to the front now that TK is totally up in the air
Could be fun tomorrow
Tomorrow at 2pm GMT probably will write it up as usual though would recommend people sign up to investor meet.
https://www.kefi-goldandcopper.com/files/announcements/kefi-investor-presentation-reach-20dec23.pdf
https://www.mining-journal.com/london-to-a-brick/opinion/4164154/aim-listed-kefi-battles-ethiopia pity its subscription only.
https://www.mining.com/at-saudi-arabia-forum-buzz-word-is-partnership/
Fiscal incentive
Saudi Arabia started a $182 million exploration incentive program, officials said during the event. State mining operation Ma’aden is keen to explore the region’s Arabian-Nubian shield of Precambrian rock straddling the Red Sea. The country has been offering foreign investors full ownership of projects, co-funding of up to 75% of capital spending, five years free of royalties, a 20% corporate tax and 30% discounts on local processing.
https://www.globalminingreview.com/mining/16012024/erg-and-thara-partner-on-cobalt-refinery-in-saudi-arabia/
https://bnnbreaking.com/world/saudi-arabia/saudi-arabias-mining-foray-implications-for-the-west/
The kingdom, known for its oil dominance, is now diversifying its economy and looking to tap into its untapped mineral reserves. This development could have significant repercussions for the United States and Europe, both of whom rely heavily on these essential minerals and commodities.
didn’t even realise there’d been a “positive” rns as sp hasn’t moved. just had a read, this must be the 30th rns i’ve read since i bought in 4 years ago and it is literally just the same old reworded *******s followed by another 3-6 month delay as he just nonchalantly moves the completion date from q1 to h1 etc etc etc. inhonestly cannot see this ever coming to fruition. how many definitive, detailed, final agreements and signatures do you actually need? will we ever see a shovel in action? i don’t think so unfortunately, better off coming back in a year or two for a “progress” report.
TCM probably knows its not true after, like a lot of his stuff more to wind people up than anything else.
To the poster that sent me a message through the premium lse inbox not signed up to premium so cannot read it just got the notification. There is a free message service on ADVFN though I do not use it much but I can read messages sent to it.
Sorry, that was in reply to "Everytime he's stated this, it's meant a placing in the works", and that's not true.
Not true.
TCM; when did TW state that he’d been made an insider?
Are you referring to the old news of over a week ago, prior to the RNS which confirmed the lead lender had signed off on the credit approval?
CondorMan....Are you still spouting nonsense?...Why not see sense and join the happy and wise investors on a multibagging journey of a lifetime....You know it makes sense....You know you want to!......not long before you have missed the boat!
Everytime he's stated this, it's meant a placing in the works
The trouble with Aim is it looks in decline and has been for years and you could argue that is the same for the city in general. Going forward would expect three trends to help Saudi one the trend to a more multi polar world and eventually the trend that has been good for tech stocks and dire for commodity stocks to reverse and the de dollarization and debt trends will focus minds on what is really important the necessities oil food minerals... That's before you even factor in the the growing economy of Saudi and the growing market for ipos there.
There are big companies using AIM to trade company shares. Kefi should continue rising up the AIM list in the hope they can compete in a main market and not have to pay fees for a nominated advisor.
I thought there was supposed to be a surge through the sevens and into the eights over the week
Rob will they dual list or just Saudi
HtTps://www.themoney.game/stories/saudi-arabia-seeks-global-mining-deals-to-support-renewable-technologies
htTps://dig.watch/updates/world-bank-supports-ethiopias-digital-id-project-with-350-million
htTps://www.zawya.com/en/projects/mining/saudi-to-issue-30-mining-permits-in-2024-c3kgdlhe
htTps://english.aawsat.com/business/4790866-saudi-exim-provides-25-billion-credit-solutions-stimulate-mining-exports
htTps://www.globalminingreview.com/mining/15012024/metso-appointed-key-technical-partner-for-evms-saudi-arabian-lithium-plant/
htTps://www.proactiveinvestors.co.uk/companies/news/1038380/royal-road-minerals-jv-granted-preferred-bidder-status-for-jabal-sahabiyah-exploration-license-in-saudi-arabia-1038380.html
Nabitah-Tathlith belt same belt as Jibal Qutman
Https://www.youtube.com/watch?v=BiJDb3_3fL0 36 minutes
Certainly the second bank confirming financing agreed and that lead investors have signed definitive agreements or similar would make the webinar more productive. I am sure when Harry agreed the date he expected to be further than he is now so i hope he can rally the troops and deliver a little more this week. Plenty of potential news but just when is the question.
From TW /kefi-gold-copper-it-and-i-answer-seven-reader-questions
Ethiopian mining ministry
https://www.facebook.com/MinesandPetroleum
In the mining sector, there are activities that are going to play a significant role in the economic growth of the country - Engineer Habtamu Tegegn
Addis Ababa; January 3/2016 (EZA) ር Mining Minister Engineer Habtamu Tegegn stated that the mining sector has been taking place to play an important role in the economic growth of the country.
The minister has given a briefing to the media regarding the activities of the mining sector.
The government has explained that in the multisector economy, it is creating a convenient situation to make minerals the main source of growth.
They said that in this sector works are being carried out to make the main source of income for the agriculture and industrial sector.
In the ten year leader development plan, he has also explained that the focus is on making use of Ethiopia's precious mineral resources to ensure overall prosperity.
They mentioned that the main focus of the mining sector is to provide foreign exchange, to replace the imported products locally and to create job opportunities.They noted that carrying out environmental protection works is another area of focus.
It has been mentioned that there is a lot of efforts being carried out by exporting gold and other minerals to gain high foreign exchange.
The minister said that in addition to the gold that is traditionally produced, work is being made at factory level in quality and quantity. Therefore, the construction of about five factories is about to be completed.
They have expressed great attention to the mining sector and said that they are working to produce teki products locally.
Unlike the production of Teki products locally, minerals like coal and cement are being produced locally.
They have pointed out that efforts to produce fertilizer products locally are being carried out.
They have stated that the mining sector has a responsibility expected from all citizens to make it a basis for economic growth.
The actions that are being done to strengthen the sector by the government are promising and the peacefulness in different areas is crucial for the growth of the sector.
The National Information and Security Service has announced that 29 foreign nationals and two Ethiopian suspects who were involved in illegal gold production and trade have been arrested.
---
"They mentioned that the main focus of the mining sector is to provide foreign exchange, to replace the imported products locally and to create job opportunities.
They noted that carrying out environmental protection works is another area of focus.
It has been mentioned that there is a lot of efforts being carried out by exporting gold and other minerals to gain high foreign exchange.