Member Info for buried_treasure

You wanted a tie up with JLR or VAG and you got... Halfords. Whoopee doo.

It's also silenced the critics who say they never put numbers in their RNSs. This one has '12', which most telegram mugs can count to if they take a sock off, and '1,750' which you have to admit is a very very big number indeed.

There must be a long queue wanting to buy in off the back of this.

Oh....

Mug.

They're all positive signs if you've drunk enough kool-aid.

"Operational update - another snout at your trough. Forward selling starts today" would have been more appropriate.

And the share price reacts accordingly.

He's not going away, is he?

Bear is also in Red Rock and Wishbone. No wonder his jugular vein distends every time he considers his past investment decisions.

Providing the 'Bear' case. Surely you should appreciate that? Or did you wake up with a sore head?

Attack the poster but ignore the post.

Classic ad hominem from Robjm66 who has spent his last 10 years as the unwitting cheerleader for Adams's lifestyle grift while simultaneously paying for it.

What Leinster deal? Heads of terms signed and announced in April (SPOOF!!!), but no actual agreement?

I'll post this again for the really hard of understanding.

KEFI cannot pay a dividend because it does not have the distributable reserves to do so. It has £60m accumulated losses to earn back as profits before it can pay a dividend.

And call me a pessimist, but Tulu Kapi is not going to happen under its current ownership. Adams couldn't run a bath and IMHO is on a lifestyle grift milking this for all it is worth until deciding to split his dotage between Cyprus and Australia.

"worst" and your 9 recommenders - the idea of shareholders getting a special dividend when the minority interest in Saudi is sold is for the fairies.

Last seen you had £60m of accumulated losses to recoup before a dividend could be declared.

No, the proceeds will be used to keep Fat Harry's Pullman coach on the gravy train rolling. Shareholders won't see a penny.

You see, this is where Harry's failure over many years to deliver drawable facilities has huge consequences. KEFI will lose its bridgehead in Saudi because it is unable to stand its corner as the JQ project advances while Tulu Kapi continues to stall.

Many saw Saudi offering greater opportunities than Ethiopia long term. For plenty of those, it was the reason they held here. They must feel totally rogered. Again.

No doubt Harry will continue the lifestyle grift supported by his cheerleaders here and elsewhere. Once you see it, you can't unsee it.

If he can't deliver finance this quarter - already nearly half over with Christmas eating into the other half - he needs to be passed the long overdue brandy and revolver.

I'd go

1-10 early

11-20 mid

21-30 late

But we're splitting hairs. I have no idea why so many Boards down the whiffy end of the London market over-promise and under-deliver so often when setting such small expectations as this.

They could have said by the end of November then, if able to deliver in the first half, been able to speak of their good relationship with the auditor and the trivial nature of the edits to the disclosures.

But they chose to set themselves up for a fall. Again. Which just underlines their naivety and incompetence.

"the man is a menace" if he posts on a share I continue to hold despite his warnings!!!

His buy tips are best ignored, but his sells are usually on the money.

When he calls 0p he is almost invariably right. When he says 'fraud' he only ever does so with solid evidence.

Ignore him at your peril.

Is this ever coming back?

Suspended two weeks ago because of issues with the audit (auditor?), rumours of Finance Manager departure, no news on Leinster, no TFS, no update from Wolverhampton or Tipton......

Do the operations just get prepacked by Atlas and sold out to a new entity to make a go of, with the PLC going into admin?

You couldn't rule it out.

Statement needed ASAP.

"Who cares what the current cash position is..."

You, my old mug, are about to find out just how important such little details are.

And I'm going to be here for every last drop of schadenfreude.

Where? Where is the cash position in that news release?

It says the share issue proceeds were received, and that the company is fully funded. But where does it say what the current cash position is?

So how is the £3,928k trade payables in the interim accounts made up?

Presumably most of those, and the short term debt repayments, need to be paid from the share issue cash.

So how much is left for drilling?

"Fully funded" yet according to the interims, also technically insolvent (current ratio less than 1:1)

I literally have no idea how they get away with such contradictory statements.

In a very crowded field (everything that Simms ever wrote for starters) that from Hubstar has to be the biggest load of nonsense ever posted on here.

Crazy did you notice in the RNS that the first bank, previously approved, has now become in the company's own words, unapproved?

"No placing upcoming." Yeah, if you say so mate.

Meanwhile, because of general working capital necessity.....