The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Yep, TW more upbeat than ever! It is also reassuring that other mining activity is happening in Ethiopia too. Maybe this is our time at last.....
And i wonder how many million shares Winni holds
Will the company have to disclose the conditions of the loans
You'll have to subscribe to TW's site to get the full take on todays RNS but Tom is very bullish on prospects.
He confirmed there was a credit committee meeting last Thursday when everything was signed off bar the formality of credit committee approval which, as the RNS stated, will come this month.
There is a key point in the RNS about external interest in either additional potential JV projects in Ethiopia or in TK itself - i.e farm-in interest. This is why Kefi's increase in equity in the project is so exciting. It allows for a decent chunk to be released via a farm-in and for Kefi still to retain a majority stake.
Tom says a farm-in would "give Kefi “a massive, massive inflow of near-term cash into its balance sheet.” I wonder how much reducing to say 55% would bring in giving a farm-in partner a 25% stake.
It sounds like it would be the end of all future placings. It would fund, accelerate and expand Saudi exploration as well. I think this has been Harry's plan for some time and probably explains why ARTAR have agreed to carry Kefi's exploration costs for the time being in Saudi.
I don't doubt the formal announcement of the second bank sign-off will bring a decent re-rating but a farm-in with a slug of cash on Kefi's balance sheet could bring an even bigger uplift.
Very compelling risk/reward here as it's been flagged up what is going to happen but Kefi has lost a lot of credibility with private investors many of whom have invested at higher levels and are understandably questioning. As TW points out the nomad will have seen all the back and forth correspondence exchanged between the banks and Kefi so the announcement that it will happen this month really does have credence.
Possibly some large buys after hours maybe.
Sorry slightly off topic but just wanted to share the link below it’s a great insight into the markets.
Its on every day live at 2.00pm hosted by Gareth Solway at Verified Investing.
https://www.youtube.com/watch?v=n824UOjEPpY
Totally brilliant chart analysis.
Oh BTW I do also hold Kefi shares :-)
I haven't touched my main holding!
Think you missed my irony there dvh
I said yesterday we needed some news and this is indeed great news if true, we'll certainly know within the next three weeks and then this would just keep rising,
Well done dvh but I'm looking at a little bit more than five grand before I sell some.
Well done dvh play the aim game
Great when punters make money rather than the directors
Well MRP, I didn't expect the RNS to move the SP today and have now sold the 6m shares i bought recently at 0.52p for a nice £5k profit. Don't trust Harry at all after the last Placing debacle. Anyway, i'm taking my youngest lad to Vegas for a short break and we're going Upper Class as a treat. I need to send a quick thank you note to Harry.....
Can the market maker's keep this blue today
Smellyben,
I have no intention of selling. My plan is to enjoy the re-rate from here up to and following financing and hold well into production. Simples :)
Only 3 weeks to go (could be 2 if TW's flippant comment towards a poster in his Bearcast happens)
But have Kefi got to fund that extra ten percent dvh
Could be painful
The fund raise was done just 2 months ago. Keep up!
About £250k of shares have been sold already today. You may be prudent to suspect ones already been agreed . History proves you can’t believe a word he says!
Lets just hope this time it doesnt get back to 0.8-0.9 range and then another placing comes along - which has happened many times to date.
maybe this time :-)
Crazy - in that case can you explain why the 20 or 30 other RNS saying financing was just around the corner did not materialise - surely tje nomad signed those off as well
Youbsaid earlier Kefi had 5m in cash - just so so wrong - as of 2 months ago after the latest discounted fund raise they were at least 4m in debt and with no income - presumably that is now 5 or 6. Artar can take all the Saudi assets off them for around 11m and as kefi already owe them at least 3.5m that won't help the cashflow that much but could keep Harry in his 300k a year job for a while until he retires
Why has the TK percentage gone up to 80% from 70% - because they haven't been able to convince a number of equity partners to participate- very negative but you keep on talking nonsense and trying to use disinformation so you can exit leaving some other poor sucker left holding the baby
As TW mentioned, for todays RNS to have been put out as it was, the Nomad would have seen the supporting evidence of the dates and validity of information.
I wonder if the funding and saudi update will occur in quick succession to give maximum effect of rerate
They said it was December, then February, then March, then April and now May! I'm not falling for it, I'm gonna say its June and then July!
You are right. I will be cashing in at 5p.....as I do not want to be too greedy....If it goes to 10p,i will happily congratulate the more faithful investors.....No,I will be happy with 5p...
More :)
Hope people don’t get spiked, well done who made profits, profits are only profits till banked
Needs to change his script! lol
Don’t get spiked…….yawn!
Filtered. What a plank.