The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Going by Harry’s previous record at EMED (now Atalaya Mining with 140m shares) I would expect Harry to do another share consolidation to reduce the shares in issue to c. Half a Billion, so ensuring a base sp of 6p as a “starting figure” prior to funding news………
Manu you have admitted that you have no personal interest in Kefi……only two shares…..we all know that you just love trying to confuse people.
With he greatest of respect please go elsewhere and stop wasting your time…….
Manu you seem to think that Kefi is not going to happen…….something that you’ve been saying for over ten years (Nyota Minerals included). Whilst we appreciate your opinion, you must realise that in Africa nothing is definite and that investors weigh up the facts as presented and make their own opinions.As a longterm and patient investor I’m happy wait for the final outcome, especially with Saudi in the background. Just out of interest are you invested here Manu or are you still sitting on the fence trying to advise others……….
You have to remember that Southern Gold management changed and with that change has come a new focus on Battery Metals and a need for investment funds…..hence the sale of BMV shares, at a time when Bluebirds Philippine gold mine is starting up with a new partner. The Mountain Permit is awaited later this year, having gained professional assistance from a local partner……it’s all looking good for those with patience……
R Trump……..not a shareholder….wants lower entry price..Southern Golds attempt to offload its BMV shares was thwarted as it was deemed insider trading.
With its Philippine gold resources plus partner to develop them, plus the pending Mountain Permit Bluebird is on the cusp of great things…….together with a much higher share price, no matter what the naysayers presume…..
Share consolidation as predicted byHarry…….this could possibly come with financing news.
We could be facing a 30:1 consolidation as happened at Harry’s EMED/Atalaya…..this might confuse some investors but wouldn’t affect affect the metrics……..
I have just received a response from Greg Boulton, Chairman of Southern Gold regarding their sale of 50m BMV shares…….this was to help fund Southerns exploration…..the remaining 150m shares held in escrow may be sold mid 2023 “ hopefully at a much higher price”.
It looks like Southern Gold are confident of BMVs success…….
I have received clarification from Colin Patterson……the quotation about “insufficient funds”is just a standard accounting phrase requirement……..the company has sufficient funds to take it through to permitting in Korea……so the share price reduction is completely overdone…….
Just received a reply from Colin Patterson…….they are awaiting final approvals from the gov….
Two board members are to be in S Korea this weekend “to speed things along”……they are equally frustrated but very optimistic…..
I guess being the financial wizard with his MBA, And remembering Harry’s days at EMED where he arranged a share consolidation, I think it very likely that a consolidation will take place with Kefi……although he has to consider the many small investors involved……
What many people seem to have overlooked is that having bought out Southern Golds share of the two mines, and now having the necessary investment to refurbish them, the mines will be producing gold in quantity later this year……and Bluebird have the full support of Southern Gold…….