RE: Topped up at:12 May 2026 13:35
Magic-orb , a further placing for me is enivatable unless something changes with expected course.
Tk is financed , construction build is ongoing, so I wouldnt expect further issues regarding that side of the buisness.
Harry however HAS left saudi with more questions then answers
Saudi has ongoing exploration which kefi have to meet their financial obligations. On one hand Harry states that Saudi is important, within the last year said that J.Q only needed 5m or so. And has given off vibes that it will be part of kefis portfollio in the future.
On the other , he says kefi haven't allocated any money to it , so how's it gonna be paid for??? , historically its been via dillution , was 40 odd percent and now around 13%. Is that the way forward , further dillute the projects so you don't dilute shareholders , ARTAR have a cracking deal if thats the case , as they earn more of the projects simply because kefi cant pay.
Further exploration also leaves questions , 6m had apparently been allocated so kefi can find tk2 and tk3. At first I thought they might try and prove up the underground resource , but that comes later.
Im not sure how 6m finds you a new deposit.
The licences surrounding tk would be a good place to stick a few drill holes. But they are not owned by kefi.
I dont envision a raise anytime soon , would be suicidal in my eyes , but I cant imagine getting to tk first pour without doing one, I wrote many times one of my reasons for selling on finance closure was because I saw lots more dillution.
Nothing ibhave seen has changed my opinion
Was success fees to be paid out in shares even done?
Good old harry , answers questions , yet leaves more questions then answers