Member Info for Crazytowner

It does look like it's got legs, a low to mid 20's finish would be nice

Looks like you were the start of the herd Geng :)

Will be interesting to see how this plays out and what the market values the company at

Morning Geng,

All good here thanks, hopefully with you too.

I am still holding all my shares for 2 reasons. Firstly because just maybe there could be an extremely good return if things progress well and chemoseed can be used all around the body, secondly, with such low volume, i don't have a choice to exit, lol.

Totally agree with that this could really shift should the herd arrive due to such a low number of shares being tradable.

The company strategy is to deliver a profitable mine. Such sizable bonuses should be receivable upon achieving this and not activities that are expected within their normal remuneration (which likely already includes an annual bonus as part of the expat package).

By all means grant shares at price points or completion of key activities, but these should be locked in until production.

As a shareholder / investor, i want the companies strategic leaders to have a full focus on TK being delivered on time within budget and not on villa / second home / luxury holidays prior to the first ounce of gold being extracted.

TW is absolutely right. It is presented in the annual report as though it is perfectly normal and shareholders are / will be fine with it. It is anything but aligned with shareholders and a mechanism of extracting cash from the business.

I am totally against cash at the STI bonus points. Funding appears to be only a few weeks away and they have just agreed to give themselves 1m !!!!!

A fixed number of shares with a lock in at those points or a fixed number of shares issued when the share price hits price targets. Thats shareholder alignment

I think the phase 2 trials are being submitted H2.

Should see some news and PR then

Whether it exists? What valuation Price? Can it be sold?

Will be interesting to see the accounts when they are eventually released.

Yes, he suggest KEFI would receive about $65m if they were bought out in an arms length transaction

To out things into perspective, here's the full extract

"KEFI’s GMCO joint venture partner, ARTAR, is currently funding the ongoing programme to ensure that

swift progress is maintained while we jointly optimise our collective plans for GMCO and KEFI triggers

project launch in Ethiopia at the high-grade Tulu Kapi Gold Project. KEFI’s interest in the joint venture

has reduced from its original 40% interest to 24.75%. While ARTAR has the right to buy-out KEFI at

fair market value as things stand, and while KEFI has the right to seek acquirers of its GMCO

shareholding, we are examining a number of scenarios to optimise the future GMCO ownership

structure for mutual benefit and to reciprocate to ARTAR its support of the joint venture relationship.

This much-appreciated support from ARTAR reflects the strong partnership relationship and the

combined priority given to production start-up in both countries"

There is clearly a great relationship between Kefi & Artar as they are funding the JV whilst TK financing is finalised. People who have worked in Saudi understand the importance of handshakes there. Dual listings are very pertinent as could be a great way to cover our share of the exploration cost

Interesting choice of words.... "moved to Ethiopia to mark the importance of the occasion"

You are right, money could be made in other investments before production, or lost, or break even.

But at production ..... Kefis market cap won't be languishing around £40m and is more likely to be around the £300m (Possibly significantly higher).

Personally, I am happy holding as TK is brought into production, Harry brings in business value adding items (Dual Listing, Farm in etc.), Saudi is proved up and additional areas explored.

We would likely be North of 1p if wasnt for that dreadfully timed shares for fees RNS. But, it does give a taste of what could happen in the next 4 weeks and at full financial sign off

Project launched, progressing through early works, massive finance package agreed, dual listings in hot investment markets, farm in's etc likely in the near term.

At some point our share price will be more reflective of the value here

Level 2 is looking pretty good too

It feels that something tangible is now forming with Kefi which is what will bring in buyers and move the share price to the more realistic higher level

The concept of Saudi investing in TK knowing that the cash will find its way back into developing the Saudi assets may be very appealing

It does tie in nicely with what Kefi has said about other interested parties looking to get in as well as Tom Winnifriths recent comments on expecting somebody to come in in the near term

Kefi is in Saudi to make a lot of money (and they will) , simple

Circa £10k traded, most holders holdings still showing as AMC and untradeable.

End of the next few weeks will give a truer view of what the market thinks of it

I would suggest that most didn't bother voting.

Within that 126m were my 27m and the boards 20m

Harry spoke about the honour and importance of a handshake in Saudi.

Those who have worked there know this, those who haven't, don't

Yeah, it's a good turnout.

Some good questions and good answers