We would love to hear your thoughts about our site and services, please take our survey 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.
Https://twitter.com/FutureMineral looks like a live feed.
Paul Seen this before on good news (obviously the lead bank being happy is good news) where it takes a day or two for people to understand a Rns and its implications to sink in.
Everything is always conditional.
Not really worth doing the RNS this morning.
Probably just to tell shareholders that things are still moving. Q1 2024. I will believe it when I see the RNS.
Ok I know there's a certain distrust in the mkt of HAA, but this reaction to the SP is mad and the motivation of such aggressive sells is definitely called into question.
"has received confirmation of conditional final credit committee approval from the lead lender on the US$320 million finance package for the Tulu Kapi gold project in Ethiopia."
Other key syndicate members including lead contractors and lead equity parties had all already given conditional approval." Bit more understandable so is new not a rehash.
As for timing obviously company should Rns something like this that is price sensitive as soon as possible and must be happy that they can announce it at the big Saudi conference. Interesting that Harry is in Saudi even though someone else from kefi is speaking guess it shows confidence that he does not have to be in Ethiopia to babysit developments.
Fantastic RNS. My risk factor against KEFI just dropped by about 75%. This is happening. KEFI is going mining in Ethiopia, and when that happens all the other assets fall into play too. KEFI will be a billion pound company within 24 months, and the sp will never be as low again as it is today.
Regarding all the talk of placings, I'm more than happy to buy at less than a penny, and then watch as a placing drops the sp from 1.5p to 1.3p, because that seems to be the only boogey man left, and once that's 'out of the way' the sp will quickly push on from there and be back above 1.5p in the blink of an eye.
The market doesn't trust Harry, and is being fooled by the glass half empty crowd. Take the emotion out of it and today is one of those rare occasions where a significantly undervalues proposition is sitting for us on a silver platter.
If we didn't know the history of this company (and HAA!) we would say this was a very positive update and the SP would have responded accordingly. No one believes HAA anymore and the market will need evidence of money in the bank. We may well see sub 0.6p sadly.....
So that's it oct start again ...he's got no control over this project ...just spin the bs and dilute the sp that's all harry is good at...this country is just sponging off everybody ....mind you if you can get it free ...why not ...there's always an idiot what will give and always a sponger that will take......well here's to christmas 2024 .
"that it has received confirmation of conditional final credit committee approval from the lead lender" not plural looks to me that one bank has said yes and just waiting on the other bank but the other bank will be doing the same checks and so on as the bank that said yes which is probably the bigger bank of the two "lead lender". Would expect The other bank to say yes followed by a stream of good news as we get sign offs and approvals from all the other syndicate members. That's my take anyway would expect bits and bobs to drop to expand on the RNS.
Basically company had to say something to reassure shareholders that project is still on course.
Doesnโt really change a thing imo.
Funding drawdown is on course for H1 2024!
Yes we need money, is placing the only way to access short term funds if required?!!? Many ways we can get fund for short term (imo).
I wonder at what price the placing will be at this time when it comes ๐ฌ๐ฌ๐ฌ youโll find out soon enough.
I see the market is inspired by his usual BS ๐คฆ๐ผ
Any money come in yet ?
Thanks for the tip: RE filtering.
Some here showing themselves up todayโฆ
Upwards and to the right โ๐ป
I guess if you purchased a property and there was a delay in the transaction, you would sit there and refuse to enjoy being in the house โon principleโ ๐
I'm a little surprised that the time window for completion has gone out by a further
My take is that the conditions mentioned are related to security and community relocation. These are quite natural conditions, the lender should not bear a risk related to government efficiency. Force majeure precedents. The RNS is super positive, we will probably see a stronger price reaction in the next few days.
"Full Project launch, including funding drawdown, is on course for H1 2024, subject to the satisfaction of all the standard conditions precedent for a transaction of this type, independent confirmation that the Project is ready for launch from security and community standpoints, and final board approvals of all parties."
As a LTH, I have heard this year after year. Just get the bob done.
It means Harry is a very charitable chap just like the shareholders that pay his wages
It's called oiling the wheels with local residents....
To the moon!
GLA
โso far having briefed church leaders and congregations, and distributed medical treatment for the victims of the recent malaria outbreak, via the Tulu Kapi Charitable Endowmentโ
17 - being unable to spell is worse...
1๏ผฮฃ(ร_ร;)!
Your all so gullible he does this every time just before a placement this RNS is just the same old HA BS.
Any money come in yet ?
In parallel with the social engagement programme, we are preparing detailed definitive documentation for signing between the Project syndicate financiers. Full Project launch, including funding drawdown, is on course for H1 2024!
Kefi has government support therefore banks this size will not go back and change their mind (imo) Great news and well done all long term holders!