Member Info for ElectricLion

That is clearly what he expected, yes. but things change. I would think that the funds he referred to were for relatively small running costs, not substantial project launch costs, but who knows for sure. Nothing is 'obvious' here, though goodness knows we all wish it was. Ultimately we all have the same choices though - stay or go. I'm staying, but you must do what's right for you.

Whingers gonna whinge. Besides those usual suspects, be wary of letting the SP dictate your emotions. It's down, but that doesn't mean the sky is falling, just as it doesn't necessarily mean everything is sunshine and rainbows when it's up, as it was just a few short weeks ago.

TK is getting launched, it's just on Africa time, that's all. As it always was. Suits me right now anyway. New tax year, work bonus, ISA allowances coming up. I'm happy to buy when others are miserable.

Mirror - it was indicated that certain unspecifed launch expenses needed to be paid before full finance completion. The issue of a large raise vs. cash-burn of 200k a month is a red-herring I believe. There is a lot more going on here than just keeping the lights on.

> Time to go imo.

Waste of time repeating this over and over. It's not happening, not unless people like you get off your backsides and make something happen. And I don't see that happening either.

- I'd be suprised if it went to Calibre. I believe that they want to reduce jurisdiction risk, not increase it. Sure, they'd have it if the price was right (for them) but I don't think that their right price will be compatible with JM's right price.

- I'd be suprised if it wasn't an all-cash deal. MC and JM want to walk away, not get stuck with a bunch of another companies shares that they may not be able to dispose of easily. That said, if a paper deal came at a premium to a cash deal, maybe they could be persuaded.

- I'd be very suprised indeed if it is was an asset sale and not a sale of the whole company. It was mentioned a while ago that the asset sale was to get around rules regarding the number of suiters that could be approached.

- For price, based on little more than gut-feel at this point, since we don't have a whole lot else to go on, I'll go with 10% chance of 40's or lower, 80% 50's, 10% 60's or higher.

...vibe...

...AI Magic...

...hilarious market memes...

Nope. Nope. Nope.

Sorry and good luck with your platform, but I'm probably too old and/or boring for all that. I'm looking to reduce noise that may intefere with investing, not amplify it.

https://www.thisismoney.co.uk/money/news/article-4272390/Star-quits-City-run-10bn-fund-island-paradise.html

Rain, it is hard to imagine that your questions are genuine ones, and not simply designed to troll, but if they are genuine then a.) DYOR and b.) if at any point you consider that Kefi and their partners are complete amateurs then sell, if you hold any stock, and move on to something more to your liking. Spend your time and energy wisely, you only have so much of it.

£150k trade at 0.6p. Gotta be a buy. Follow the money.

It's not much, but today's chart looks encouraging. It suggests that maybe the bottom might be in. Further bad news, or just a lengthy spell of boredom, could derail that of course, but I can see grounds for optimism today.

You could argue that pumping the price before a placing is exactly what a responsible CEO should do, for the benefit of all shareholders. In theory at least, that might make a higher placing price possible, when it would not have been otherwise. Assuming the same amount of funds are raised either way, a higher placing price is better for all of us.

Would you have preferred to skip the pump and for him to have raised about a month ago, when the SP was at pretty much the same level it is now? What would the placing price have been then?

So move on?

FWIW SB, that was not TW's assessment. He reckoned that some bills had simply become due, that's all. Time will tell.

I've listened to it. I suggest anyone serious about their investment here (and in addition, if you have any interest in what TW has to say - I understand if you don't), pay the man his £1.99 for the days's access and listen to it yourself and make your own mind up rather than taking anyone's word for it on an anonymous internet forum. Suffice to say, I'm holding and will add when I can afford to. DYOR.

May I remind you of one of your recent posts dvh?

"Massive deal for KEFI, massive deal for Ethiopia. You either believe Harry will deliver it or not. NOT an investment for bed wetters fretting over an RNS this week or next week or the week after imo. The short term traders bagged their 10% (nice) but (hopefully) LTHs will bag much more...."

Maybe you're somewhat manic-depressive, or maybe you also "speak with a forked tongue". Either way, I'd suggest being a little less enthusiastic about telling others off for having the temerity to express a few positive thoughts every now and then, given that you did so yourself less than a week ago.

Back to the same price it was about a month ago, to put it in some perspective. But this time, the threat of a potentially imminent placing has now become history. Plenty to look forward to, once the market has finished throwing it's toys out of the pram.

I'm with you guys. Have no funds available atm unfortunately, but will do shortly, so hope the price stays low for a short while. Can't believe the emotional reactions by some to wholly predictable news, but I still prefer that to the cynical deramping by traders who are clearly still interested and watching closely.

0.6p isn't a particularly bad price honestly, considering it was below that level less than a month ago.

Also selfishly hoping it'll stay low for another month, so I can move more into my ISA.

Worth re-posting what I said on Jan 24th...

"I'm probably in a minority of one here, but in some ways I'm actually looking forward to the next placing. No, wait, I'm not crazy - hear me out!

We all know it's coming - it's inevitable - we owe money, we spend money and we don't make money. What we don't know is when, how many more shares or the strike price. That fear I think is a large component of what's stopping some investers buying right now. When the placing happens, yes, the SP will take a hit and yes there'll be more shares, but the fear will be gone (at least until the next time, but one thing at a time). Thus I'd expect the SP to recover quite strongly after the placing.

And that's not considering any other factors, such as TK finance closure, which I think there's a very good chance indeed will happen before the placing, and any other positive developments.

No-one likes placings, but they're a fact of life in a company that does not yet make any money. So you better make your peace with it, or else leave and don't look back."

Thanks Rob. That's a second example, so should put to bed the idea that it can't happen here. Whether it will or not remains to be seen.

The CNR SP at the time was only a little under 20p however, not way under as HZM is now. No twisting or deramping, just the facts. HZM is in a tough situation, that's really not up for debate. Just have to wait and see how it all shakes out.