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Q: Did it surprise you that the two main Tulu Kapi financing banks did not carry out their due diligence concurrently rather than consecutively?
A: That is not correct. Due diligence was concurrent. Formal approvals sequencing is a chain of dominos.
Posted 12 March 2024
- DD was concurrent. But approvals are sequenced. So why has the 2nd bank so long for formal approval after concurrently completing the DD?
Some mild blatant deramping.. with 0.2p comment.. hey-ho.. ramp.. de-ramp... do what you want.. markets decide what the sp will be.. good luck.. I have been accused of deramping in the past for my negative comments or outlook..
SB - probably or may be the 2nd bank has gone (for whatever reason internal or external) and HAA needs to be find an alternative? Our world famous CEO HAA is dragging this as much as he can.
What the triggered, HAA's action in Ethiopia? Minister of Mines threatened to pull the licence. Thats when HAA truly acted. Until then it is all waffle as he is doing today.
RAB tried to.. but couldn't see the light at the end of the tunnel.. sold and moved on.
Until the shareholders demand answers from HAA or demand him to quit if finance is not sorted by Jun-24, I can't see much in KEFI... look at where the SP is, people are so fed up they are selling below the last placement price.. incredible. HAA must go, if he can't sort out the finance by Jun-24
5candles - have you heard about RAB? One of the institutional investor, had a member on KEFI board.. last year, they sold kefi shares, took the money and ran away... :) HAA probably told them, if you don't like what you see - you can sell and move on.. :)
I don't think a take over is on the cards... if that was the intention, would have been easier to be involved in the fundraise from HAA or kefi. Even if they missed the boat, kefi will do plenty and can get involved. So I think "takeover" theory is nonsense. :)
Rob - please don't insult Musk comparing it to HAA... please.. Gold price has more than double since the inception of TK at KEFI.. and still can't get the financing over the line.. Large orders are nothing but placement clearance... :)
Can we have a mini competition on kefi share price?
- where will kefi's share price?
- will HAA remain the CEO?
- will kefi raise again below 0.5p?
- will HAA and kefi keep kicking the can down the road?
- will kefi be taken over?
Gold will move ahead... no issues with that.. Without TK funding and BS master HAA dragging his feet, this is going nowhere..
For any positive reaction in share price, TK funding is required. People have heard the same BS story from HAA for the last how many ever years..
Rob - Gold price has an immediate impact on producer.. It helps the developers.. but honestly KEFI initiated TK when the gold price was $1200 and since then it has doubled.. But KEFI had faffed about this for the last 10 years.. Increased the MC from £10m to over £30m, but with plenty of placements in between to feed KEFI and HAA.. :)
In nutshell, You don't need higher gold price (although it helps) for TK funding. Can you ask HAA to focus on 1 thing - TK funding and get this resolved. Approved and funds in the account please.
Thank you!
Rob - lack of updates.. yes and infact poor. Can someone here tell me what Kefi intends to by when? People want an update before HAA keeps everyone in the dark. Stop all the nonsense webcast, visits and Swiss conferences. Go and fix the TK finance. Update the market via RNS (rather than making someone an insider and pass on the info to trickle down). If you can’t just go HAA please.
“ Of you watched the webinar one of the questions was why the lack of updates Fantasy and been a criticism of the lack of communication in the past.”