focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
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“Oh those bedwetters are at it again, saying this is a duff investment”….
Ramp, dilute. Rinse and repeat. And so the roughly twice annual cycle of shareholder abuse continues.
Well be back in the .6s again by next week and October will become June will become October again until there’s another 6 billion shares.
1.4p target is now around .92p to escape with a shirt and some of the inflation.
Pathetic.
Sympathy for anyone just joining this merry go round.
Be interesting if any LT punter has had any happy moments from this one.
Insiders and the odd trader will have done very well and Harry is set to make a few hundred thousand on one or two orchestrated pump and dumps.
Lts need to show dissatisfaction by top slicing his annual share allocation, saying that he would only punish us by thinning out the frequency of RNS .
Spose we are back to the monthly little prezzies and how favourable it all is for TKGM, least he knows how to sweet talk.
To be fair that million could have been back handers to local leaders, which is still normal in that part of the world.
Oh F*ck I was almost happy yesterday.
Thanks nimrod for those thought provoking words!
Thanks for that fantastic advice.
I must dwell on it.
Nobody should be betting the farm on KEFI. At best its a long term punt. Gold/Copper are at high value today, KEFI doesn't appear to have a B&Q bucketful of either. KEFI may have many bucket loads in the future, so its a roll of the dice at present.
https://www.investormeetcompany.com/
time
22 may 2024, 15:00 bst
https://*************.com/views/74603/kefi-gold-copper-company-and-government-formally-launch-tulu-kapi-project-a-share-issue-still-strong-buy
When is the webinar tomorrow?
Will probably be questions about a possible farm in of kefi projects tomorrow including TK as for the finance of TK itself that will be covered by the financing. Closer kefi get to production the more that opens up offtake agreements.
I don't think it's a case of being "worried" about a little dilution right now, I believe it's more a case that it raises concern of more/ ongoing raises as we progress towards production. It can happen and based on Kefi's form, it's possible/ highly likely .
Yes we do, the update is they haven't yet signed.
Https://www.zawya.com/en/projects/mining/saudi-offers-2-year-mine-survey-permits-to-investors-b6a21485
https://spectrumlocalnews.com/mo/st-louis/environment/2024/05/20/copper-supply-insufficient-for-global-ev-transition-by-2035
https://www.zerohedge.com/commodities/copper-roars-gold-soars-record-highs-metals-hit-history-making-mode
Giveth on one hand and taketh on another!
Time to just giveth HAA - think your shareholders deserve it
Huge monies being sorted for the finance , worried about a little dilution better to give shares than money 1.3m
What's that little dilution, isn't it better to pay advisors in shares and not tap into the money raised recently, I think kefi did the right thing and why would they take shares they must know that finance is going to be signed soon. My god their advisors, any thoughts.
Putting it in perspective 178 Mill. shares the two sets of warrants if exercised rather than lapsed would have been five times that and now we have a finance structure where everything is financed at the project level except Equity Risk Notes which will be likely be paid out of cash flow from production.
If there was anything that fishy it would been a much bigger raise and people would have wanted it in cash, talk about a storm in a teapot.
Thank you @ PaulFG, some sense at last!
NOT A RAISE!!! Jeez......
The important question is:
Do we have an update on AFC bank. How long was it since they have cast their enquiring eyes with due diligence?
Cybaajak - I tend to agree with you
We need a definitive answer tomorrow as to why this was raised now and not in the last raise.
Would you rather the Advisors £1.36m had been paid out of the last raise, or hold on to as much of that as possible to get us further along the road towards being in a position to draw down on the financing, by paying them issuing shares at the basically the current level, maintaining our precious cash reserves????
HAA has done the correct thing here.
Something has certainly happened pdq that they need to resolve.
Will we get the answer?
Shares issued yes. Dilution yes, albeit minimal. Money raised no.
The shares were issued to advisors in consideration for their services , no money changed hands.
It has effectively saved Kefi £1.36M by not having to pay the advisors in cash.
Which ever way you look at it is still a dilution and shares have been issued to raise monies that the company hasn't got.
There hasn't been any raise, the shares were issued to advisors in lieu of payment for services rendered or yet to be rendered.
Alarm bells sounding.
No doubt Harry will find a way of explaining this.