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.
Fair point - would say that according to latest annual accounts cash on ongoing costs on admin , staff etc are circa 1.7m per year (so 140k per month) plus 2.7m for the TK exploration and dev in 2019. My point is that TK dev costs will be much much lower as it was mostly done by 2019 - we are just waiting on funding - so it is about 140k per month for admin plus whatever they have spent also a lot of the fundraise costs were in warrants so not cash. All said and done there is no immediate or imminent cash requirement but of course that will change by autumn if TK funding is not achieved
Why have you changed the currency from British Pounds to a dirty stinking corrupt one ????
The cash flow statements ....
They raised just under £3.3m - so less expenses approx €3m.
totally agree with your sentiment re facts ! - can you supply the source of your numbers - I'll provide mine tomorrow - about to watch the Bayern game where I'm hoping both financially and emotionally for a goalfest!!
BTW even if it is £400k per month and they raised over £3.5m in about 4 months ago so there are still many months until a placing is required !! In addition Kefi is due a refund when and if TK gets funding closed so could be up to a year before cash is needed all being well
You are entitled to your opinion as they say smellyben - but not your facts.
"......There is no need for a placing yet as £3.5m was raised in November - so even at a cash spend of £250k per month - well about the historical cash burn - there is month for another 6 months......"
Cashburn in six months to 30 June 2020 - £400k per month
Cashburn in year to 31 December 2019 - £370k per month
Older - good and valid point - I have NEVER had any doubts about the assets that Kefi owns or the superb development team who excel even this morning ! - these are the reasons I invested in the first place as you know. I have for the last 18 months or so expressed my complete dissatisfaction with Harry / Leach and their inability to get the funding job done and their dilutions at terrible prices which have cost long term holders very dear. I got out for a time as I saw a fundraise coming (and posted to that effect at the time) and at the last placing I got in again (not as one of the chosen few at 0.65punfortunately) - just when the share price fell the risk reward mechanics changed. I still dont like Harry or Leach and believe its in the interest of the company if they stepped down but it does appear with the various staff hirings, share options , no delay RNS (which have always accompanied a delay) etc that it is happening so the price is about to rocket - I dont pretend HArry is my favourite person and believe I could have had shares worth millions had he completed the deal with ANS, I'll still be OK with hundreds of thousands LOL
My my, it's comical how you've switched your public opinion on Kefi over the past few months, Ben.
Still, according to Lord Keynes, that's the sign of a great investor.
Afternoon CVM, I wondered when you would put in an appearance. Busy baking pies? The last one's will have gone stale now lol
Thanks CVM for your insight - I can see you have been invested here and commenting for many many years -oh sorry just checked - just 3 weeks ago and the only share you have commented on is Kefi !
There is no need for a placing yet as £3.5m was raised in November - so even at a cash spend of £250k per month - well about the historical cash burn - there is month for another 6 months.
Also as a point of info - The last placing also happened when the share price was around 0.8p (and with the 15% discount it went to RAB at 0.65p). That was dilutive - but now the share price is 3 times higher so EVEN IF a placing was required it would be far less dilutive than before.
Ah, I see Harry Enfield has once more dangled the Hawiah carrot just before the inevitable delay RNS with a placing pudding. I have seen this tactic numerous times. Buttering up investors, i.e. pumping pumping until the eventual dump with the TK delay announcement. Same pattern, it's like the 5th time now.
DVH, it's good news this RNS though?