Member Info for Crazytowner

Main Market within 6 months,

Sweet

@cjm682

This morning you wrote "because KEFI have great assets. Hoping for a return on my investment (finally) via a takeover..."

You do realise the ability to issue shares is key to defending a hostile takeover don't you? White knights, poison pill etc.

@crisu excellently put.

I would also add that the ability to issue new shares can help a company defend against a hostile takeover by making it harder or more expensive for the bidder to gain control.

@GoldQueen

Go cry us all a river with what has happened historically.

As to your "Let's speak plainly" stance, yes, lets :

Dilution is a necessity for AIM listed exploration companies. None of us like it. But it is better than the alternative.

The location of the exploration and commodity market has a huge impact on the amount of dilution incurred.

When the ability to raise funds dries up, companies fold. Simples

Kefi has miraculously made it through this far and is in an incredible position to build multiple producing mines and take real advantage of its first mover status.

Anybody thinking now is the time to restrict the companies growth, its ability to add value and who are willing to jeopardize the finance package and everybody else's investment because they got their entry wrong needs their head looking at.

@cjm682

You are absolutely right, I wouldn't have any particular interest in socializing with somebody who thinks it's a good idea to bind the hands of Kefi at this stage of it's development.

None of us like dilution, but to .....

- Put at risk the project financing package

- Restrict the ability to move quickly on opportunities during a Gold bull market

- Restrict the ability to explore and take advantage of their first mover status in Ethiopia

- Restrict the ability hold our position in Saudi or explore under our own name

Etc. Etc.

Shows an extreme level of short sightedness in a company that won't be producing cash for another 18 months.

You say "despite history" .... You mean the historical decisions and dilution which has kept this company going and set so many of us up to do very nicely whilst hundreds of other companies folded?

For as long as I've been invested here there have been posters who hope this would fail.

If you want to bind Kefi's hands at such an important time in the companies history then you are either a special type of idiot or simply not invested.

@deedee1

Agreed, this is going to be phenomenally huge.

Like others here, I've been buying when I can

Fantastic news

I mentioned over a year ago that there were rumours that Trump was going to use the 250th anniversary to do something with gold (most likely re-value)

I seem to recall Bonkers doing his upmost at the time to discredit me and the idea of it.

Currently 1.18 and going strong

I was amazed we fell back so far, but what an incredible opportunity it provided people

@simms45 Agreed

Kefi's positive progress has been overshadowed by world events in the past few months.

Am expecting this to ping back rapidly today and over the coming weeks break new highs as the market cap reaches a more realistic value for where Kefi is at and what they have.

Those who managed to get in at circa 1p last week are going to have timed it very nicely

@deedee1

That's really interesting

The rumour 18 months ago was that the gold standard return or something similar would coincide with 250 years independence.

Whilst Harry & the board are on good packages, they've historically taken a lot shares at market rate rather than the cash owed to them

They've not sold any shares and so I really don't have a problem with them taking cash now.

I'm voting Yes to all of the resolutions. Now is really not the time to bind Kefi's hands

I'll be around for a few drinks in London after the AGM if anybody else is.

Will be good to get some time with Harry since I met him at the investor meet last year

Fingers crossed for you diggit.

Just finished the Chancery interview,

I'd say that it is probably Harry's best one yet. Talking freely, updating on TK progress and wider industry.

It seems like he's got more cash than he knows what to do with at the moment, so it will be interesting to see what happens next.

Huge upside from here

$10m.... Is likely enough to acquire Askari, recovering our district and picking up new opportunities.

Still think we will get them back for nothing, but would certainly be interesting

Main Market listing, ahead of schedule and u. Der budget.

Doesn't get any better at this stage

Harry / Kefi clearly has no intention of selling Saudi!

The opportunity has been there for the past 18 months yet Kefi chose to take dilution at group level and also at Saudi investment level rather than sell it.

With just a 13% stake our contribution to develop Saudi is negligible amongst very beneficial government funding, so there is absolutely zero reason to dispose of our position now.