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Cash position must be low again since burn rate seems to be pretty high looking at the December half year report. The December placement cash must running low? Croda deal update is taking forever, but TW said that he's a insider again and all should be revealed next week. Could it be regarding the Croda situation since he's always bullish about sbtx?
Investors can see from Uphunt's post below that Harry is very heavily invested in Kefi and the fact that he and the senior management converted accrued cash fees and salaries into shares at the end of its Close Period re-emphasizes their conviction that Kefi will succeed and it has a bright future.
Follow the money!
Usually if somebody has had a bad experience with a share in instances they'll get it off their chest by a few days posting derogatory comments and then move on. But on this board there are 5/6 people who while having no interest in buying just continually post their bile ,re-posting the same hate filled comments from morning and sometimes well into the evening month after month? Some must be sad lonely people wanting attention,others probably have mental health problems and of course some are being paid. Yes they do exist. Karma will hopefully take care of you!
People who have invested have probably done their risk/reward due diligence and therefore have no need for your bile/hateful comments.
Harry Anagnostaras-Adams beneficially holds 54,731,312 Ordinary Shares in the Company, which are owned by Semarang Enterprises Ltd
Harry-Winchcombe Ventures Limited 3.8%
+ todays Number of Conditional Remuneration Shares 26,428,571
dyor
TK " first large-scale mining development in Ethiopia for over 30 years - in a highly prospective geological terrain." +SA projects.
London 9-10 May 2023 Presentation..
Project Economics
• Scope to create mid cap gold/copper company from 3 projects
• Current resource base 5M oz gold equiv. (2.3M oz net to KEFI)
• Tula Kapi net operating cash flow is £100M p.a. and NPV8 £178M (2.6p
and 4.5 pence per share respectively) at current gold price of $1,989/oz as
at 30 April 2023.
• Group production profile will be in excess of 340k ozs per annum in 2027
Just to clarify the bearcast headline posted below is misleading at first glance. The 1600 for sfa is about the universal basic income pilot that the government are trying out. As for talking with Harry all I'll say is TW is holding on to his shares and expects a handsome return.Others who usually comment on the bearcasts can expand on the item if they wish.
Recently the board has the usual haters saying that they'll vote against this ,that and the other. To vote you need to be shareholders and I doubt that they are. The quantity of shares to make any difference is huge and any genuine holder isn't going to vote against their own interests to see the projects successfully launched.
Q-Why is the AGM in Cyprus?
A-Nicosia is the company’s head office and base for management and control, only one Director lives in London, less than a handful of shareholders have ever physically attended the AGM, at a recent poll shareholders overwhelmingly asked for a virtual briefing rather than physical attendance and we will arrange a webinar to follow the formal proceedings.
Posted 05 June 2023
Https://www.lse.co.uk/rns/KEFI/notice-of-agm-yo2rcj0z318y3ib.html
Update for 121 Conference
London 9-10 May 2023
Project Economics
• Scope to create mid cap gold/copper company from 3 projects
• Current resource base 5M oz gold equiv. (2.3M oz net to KEFI)
• Tula Kapi net operating cash flow is £100M p.a. and NPV8 £178M (2.6p
and 4.5 pence per share respectively) at current gold price of $1,989/oz as
at 30 April 2023.
• Group production profile will be in excess of 340k ozs per annum in 2027