Member Info for Bonkers0801

Haha noted

We disagree, but we have debated , much better then previous , that's the only direction of travel I take as a positive

You don't think ARTAR are hapy and confident to go this alone sharezy. Have a word with yourself.

The clause to buy out kefis share if it went below 25% was put in for a very good reason, it doesn't shout out ARTAR are worried about going it alone. The very fact this is happining says nothing other then ARTAR are happy and capable of doing this alone , they have spent 10s of millions last year alone on exploration, whichbwas more then kefi could afford , if they were that dependant on kefi they would of slowed down

ARTAR have been used on this forum as great competent partners yet when they are in the driving seat for the last percentage , question marks start being asked on there capabilities on doing so (please lol)

Yep i agree the strategic review rns says the KEFI Director's believe is expected to be, following consultations with market analysts, at a significant premium .

(Key words here are BELIEVE and EXPECTED) hardly guarantees in my book given the history here.

And because it's in a rns certainty doesn't make it gospel , I'd need around 10 pages of posts here where a rns has said expected or believed to happen by a certamin date and it's simply not happened. (And we certainly wouldn't want me to do that)

It's amazing , when 79th group were investing in fcm it was a way of ramping fcm to high heaven, especially amongst telegram groups.

Now they are being investigated , it's someone making a big deal of it, seems char71 which is prob citygirl knows more about this then the police.

To say 79rh group is just a investor is a little short , they own over 50% of the damn company. So of course it's important.

Some just can't handle negative press.

Fortunately not invested in this , but looking on via my pow investment

Simms I respectfully disagree.

ARTAR will do just fine without kefi , they have been working alongside kefi for over 15 years , has been the driving force behind God knows how many tens of thousands of drilling and been grabbing more and more of the saudi projects when they can. (Hardly actions of someone now wanting or believing they can do this independently)

They also have a saudi govermwnt behind them and plenty of Capital, I think the last thing on their mind will be getting a major in , and will quite possibly keep much of the existing staff considering its ARTAR the staff have been working closely with.

If you were based in saudi would you want to keep working and exploring hawiah or pop over to Ethiopia and start doing some sampling at konso.

As I said my opinion ARTAR will be just fine without Harry and will probably get things done a lot quicker without him around.

Personally don't expect a bidding war to be going on in the background despite some believing just that.

In my head this plays out quite simply, independent valuation gets done , artar land kefi negotiate around that price and deal done.

If artar think independent valuation is too high then kefi can go and speak to some of the companies that have submitted proposals, kefi then sell to third party.

I genuinly believe ARTAR instructed kefi that they intend to buy out the remaining 15% back in novemeber , which they were legally obliged to do with or without Harry's consent , unfortunately it's the position you put yourself in while letting a decent asset get diluted.

ARTAR very much in the driving seat here , certainly not harry and kefi.

That's my opinion/view anyway

Sorry to hear your news

Love to the family

Welcome back Hubstar

We were gonna report a missing person to the police. We were concerned!!

I'll let the police know that you , five candles and shalamar are all found safe and well

Ahhhhh another thread title dedicated to me.

Unfortunately think you have me confused with someone else , actually a few as i don't believe there's a bidding war and cash will be in the bank, have said on multiple occasions I believe ARTAR are legally in the driving seat and have the right to buy at fair value not the highest bidder

The rns feed ill debate on another day!!!!

Have a good weekend sharezy

A million percent i hold kefi shares

Afraid you got that one wrong oppo

The message was written by stebo in april 2021 regarding finance close it was as follows

Smellyben. I'm not sure what's so confusing - just listen to the interview.

At that stage "the backbone" of the financing was done, and there was one final opportunity for local institutions to get on-board in March. When that's done (ie now) they will do the final bit of finessing to work round whatever local interest there has been.

I'm fully expecting a 5th / 6th April RNS, and an accompanying multibag re-rate to the sp

4 years stebo talking of imminent news and re-rates , my God, and he has the nerve to say others have an agenda

Stebo i honestly believe either you are A)completly brainwashed , or B) you have invested so much capital into those you are desperate to get out with your cash back.

You called smelly Ben a idiot , are you aware you once typed thos to him......which was nearly 4 years ago , the fact you have been invested 4 years ans can't see some might be sceptical that Harry's words can't be trusted at the same time you think his word is golden I find fascinating

Smellyben. I'm not sure what's so confusing - just listen to the interview.

At that stage "the backbone" of the financing was done, and there was one final opportunity for local institutions to get on-board in March. When that's done (ie now) they will do the final bit of finessing to work round whatever local interest there has been.

I'm fully expecting a 5th / 6th April RNS, and an accompanying multibag re-rate to the sp

Qnard I congratulate you for having a low enough average, I too had to average down time and time again here , sold out my entire holding at a small loss ill add , and then after the raise brought back 25% of what I originally held , risk wise muchbhappier and money invested elsewhere is doing OK.

I know I'm sceptical in EVERYTHING Harry says , been involved long enough now to see the wishy washy statements and the patterns that harry uses , Unfortunately as a consequence I'm now a investor where actions speak loulder then words and I don't believe until I actually see it.

When/if money ever goes into the bank it will catch me off guard more then anyone. No doubt about that

Manu17

Unfortunately these are just a very very small amount of examples that could of been used

No-one has written foebkefibtobspoon feed valuations.

But I think its a fair question on how fair value will be deemed , independently or the highest bidder , no numbers need disclosing.

It's why i have sought clarity in the questions

Artar shouldn't and won't pay the same as what some enthusiastic buyer is willing to pay.

ARTAR do you want the 15% , or artar told kefi we are taking the 15%

OK we will get analysts in to see a independant FAIR value

Independent report comes in , small negotiation and its sold for that price.

If ARTAR refuse saying nahhh too much then kefi keep or ot goes to highest bidder

The moment kefi went under 25% they lost conplete control on saudi as ARTAR had the LEGAL right to buy out kefis share , ie kefi have very little negotiating room , they are simply told

Ouch did I hit a nerve 1+1 , I'll be honest the moment someone starts giving it the biggie big b8ll8cks on how many shares they own in a company, or did own in your case I lose a little respect.

You have absolutly no idea when ggp crossed my radar, but It's highly likley you sold out your alleged 20m plus shares at a profit but the very very wrong time. (Congrats on the profit by the way, and they never did get suspended for a takeover did they)

It appears you haven't been involved with it since 2020 so unlikley you know as much as you think considering its now 2025 (or are you still following a share your not invested in) .

It's funny you use your entry in ggp as some arrogance of "i must know more then you" which comes across incredibly stupid considering how long you have been here , how would you feel if someone used that same thinking here , after all you haven't even been invested in kefi for a year yet.

Does that mean you know less then everyone else? Considering in comparison your just a newbie!!!! Didn't think so

That rob is exactly my point , do you honesty believe that after zero movement for over a decade multiple companys came in for konso at exactly the same time , and the government awarded the licence to kefi as a vote of confidence.

It's my belief considering how licences tend to be applied for kefi simply came along and was awarded it via normal channels without having to compete for it

1+1 i'm certainly not saying nothing is at konso , and being heavily invested in ggp I get your point , i have used it myself here , you could also strengthen your argument by saying newcrest decided to walk away from getting an additional 5% of haverion in 2022 despite knowing exactly what was underground and how big Havieron was likley to become. But can you think of 5 different examples , personally I can't, doesn't mean there isn't, just isn't the norm.

But my point was actually slightly different , I believe konso was brought just to appease shareholders, when there are much more urgent matters that need contending with.

Haverion as example was always owned , just switched hands and is in Australia.

Konso a licence not bothered with for over 10 years and in Ethiopia, big difference in jurisdiction.

Haverion decline was fast tracked , a massive amount of work done before a descion to mine was even or has been made. And still took 7 years to get to where they are , and that's with a major on board.

Konso will take longer, much longer, even if a similar asset to haverion was to be found. And that needed time will also need a lot of money , it's why it doesn't currently intrest me. And let's be honest Australia in 20 years is still highly likley to be like today , Ethiopia you never know what will happen in 5 year spells.

If kefi hadn't used the words, or indicated it was down to relationships in country that got them the licence , and terminology such as cherry picked i would of just presumed it's another licence.

But for me it came immediately after a raise. Was made a big deal P.R wise and was used as a way to deflect for a period of time the real issues and delays in ratification , full sign of of etc etc of tk , I mean let's be honest harry will never see the konso licence through considering the age he is now at.