Member Info for ajs8220

Agreements are in "near-final form".

Apart from "near-final form

My sympathies neil. This was a real British success story for a while, but retail is dying on its derriere. Very sad to see.

Or offer £30m in a 9am appointment with the Administrator, debt takes a haircut, equity gets wiped out.

Very very risky buying in now. Any day you could wake up to an 0700 RNS saying suspended pending clarification, then later that day Administrators appointed.

For inveterate gamblers only.

What difference does that make? You're still buying an asset at over fair market value!

Honestly pal, if you can't see the folly in that it's no wonder you're having your trousers taken down by some of the sharp operators involved here.

You deserve all you continue to get.

Who are these lunatics exercising warrants at 1.2p when the open market price was lower?

Please make yourselves known. I have a bridge I would like to sell you.

Must say I was expecting a bit more pushback from Alex and Robin's disciples, but with 6 recs and advice amounting to if you don't like it sell up and put it in a savings account, maybe even the faithful know the jig is up.

So after that little flurry of positivity around the AGM and a few new hires, each of whom will be taking £££ out of the kitty every payroll, we had the death spiral announcement and any volume now takes the price down.

You'd have to be a financial masochist to have taken up warrants, so those have all presumably lapsed shafting some very loyal long term holders - now drip drip sellers to add to the CLN overhang?

Still no RTO news either. Not looking great for that stack of positive newsflow in January, is it?

I've seen a few deals fall apart after the lead in a consortium has been through credit. It's not common, but it does happen.

I maintain that someone is very uneasy with the risk they're taking for their place in the pecking order. Otherwise this would have been done and dusted months ago.

Well well well, what have we here? A death spiral announcement out of the blue with the very people from that related party bunco on 7 November.

Alongside it an extension to a current CLN and a repricing of warrants, which incidentally are already out of the money. Dilution, dilution, dilution.

For 'working capital purposes', i.e. to fund ongoing losses of operations and to pay bloated PLC costs - all those RNS Reach announcements and Roast podcasts to sucker in the golden ticket holders have to be paid for somehow I suppose.

There are clearly major issues here, right now. What happens if that prospectus doesn't get approved quickly, the permits don't get signed off and production never really ramps up? Who is left holding the baby?

Anyone holding now or buying those converted shares, that's who.

Anyone holding this junk deserves all they are going to get.

For once we agree Rob, the US election is far from a two horse race.

Can't wait to see what retrofit cobblers Simms posts in mid-January when nothing has happened. Again.

Waiting for Godot.

Time will tell Rob.

But I reckon if you're hoping the Saudi assets will prop up your mcap once TK financing collapses, you're at least £30m short.

As TW often says, but not about his beloved KEFI, "for financial masochists only".

Absolute cobblers Rob.

The same Harry who has been telling is the money for Ethiopia has been imminent for a year?

Anyone who knows anything about mining knows that without an independent PEA, and better still a DFS, your pegging has roughly the same great prospects as using the fairies at the bottom of your garden to dig a hole at the end of a rainbow.

Nobody is 'waiting for KEFI', except to empty their pockets. If the assets were any good, Saudi money would already be exploiting them.

The Saudi assets are shaite. Has anyone seen a truly independent DFS? No, of course not.

If the assets were any good Saudi money would be fast-tracking them and 'Arry wouldn't be cucking about in Ethiopia.

"Echo chamber secure, Captain..."

more utter cobblers. you are just ****1ng in the wind mate.

Simms, you are talking absolutr cobblers as usual. After that Q&A you must be the only person in the world who thinks "imminent" is still a relevant adjective.

Those answers are deliberately woolly, and warming you up for ongoing lengthy delays at Tulu Kapi. The only timing you should be thinking about now is around when the company fesses up and whether that is before the inevitable placing or after.

If the placing comes first that would put whoever signed off on it in very hot water, announcement first absolutely craters the price and likely brings forward retirement for a few of the chancers involved here.

You can't say you weren't warned.

I think that's the most desperate you've ever been Electric. In over your head and totally resigned to your fate.

Somebody mentioned 'imminent' in a meeting earlier. Immediately asked me why what she said got a reaction. I had to apologise, it was no reflection on her or what she had said.

31 October RNS : "KEFI has working capital in place to underpin its planned runway to the intended launch of the Tulu Kapi Project finance in the coming months."

"Planned" and "intended" didn't come off, that much is obvious. You can't say you haven't been warned.

If there is to be a placing it will be a bloodbath. Forward sellers, spivs and flippers only - no retail offer and no "institutional" they were so keen to trumpet last time.

Look at HE1 in the last 24 hours, there's the template. KEFI might be able to get away with a smaller discount but it will still be pretty steep. 35p = 50% off the last placing? Hard to see how Harry survives that. Those institutionals from last time will not be happy with a 7 figure haircut in 7 months.

Happy Christmas everyone.

Just watched that car crash of an interview on Proactive.

Either Adams has been lying consistently for the last year, or hes lying now.