Member Info for Fantasy

Hope you are all doing well...

what we were expecting? - To have the finance sorted, by end of Sep and then by last week. What does finance include - $240m debt facility + $100m equity part. What was delivered by RNS today - $240m debt facility. $100m partly addressed, but $60m needs to be resolved. This $60m is not resolved and therefore finance is not sorted just yet. So this is not a full finance package delivery which was promised - share price rightly reflects that.

RNS dated 13-Oct-25.

"The overall process remains unchanged from the steps and schedule previously set out, with various construction projects already underway and advancing as part of the sequenced launch this month of the full US$340 million Project, and with Project equity capital arrangements advancing. The Company has unused working capital resources and undrawn facilities in place pending drawdown of full Project finance."

HAA is once again playing with words and timing. Poor form at this stage of the project.

I am still expecting the full finance package to be launched this month - if not, HAA should outline the timings clearly again to the shareholders.

So in nutshell, this is not the full finance package and therefore negative reaction to share price.

GL

Usersteve - good luck with your entry. If the share price drops, I am sure there will be enough buyers.. with or without news, trading after 2pm is something to watch for.. GL

Yes, no red dot yet… Day RNS during live trading would be fun… if we get the RNS at 2pm, even better - 2 hours of good run followed by 2 days exposure to wider audience. Better run on Monday.. 🙂

How is everyone doing? Refreshing the rns page? 🙂

These are important churns… good to have resistance on the way up.. which will equally be a support when we need one.. I am not bothered about the resistance or churn.. As long as we get the finance sorted - our share price will eventually reflect that.. 🙂

“1.8p was always gonna be a churn resistance

But it will be broken happy to hold here it's a conviction hold”

These are important churns… good to have resistance on the way up.. which will equally be a support when we need one.. I am not bothered about the resistance or churn.. As long as we get the finance sorted - our share price will eventually reflect that..

“1.8p was always gonna be a churn resistance

But it will be broken happy to hold here it's a conviction hold”

This is not how it works in real world. Our profitability will increase but not exactly how you put it. Our expenses, fees and royalties will increase reducing the profits. Agree we will profit more at higher gold price and will be able to clear debts at much faster rate than anticipated. Great position to be in, in the gold bull market. GL

“ So roughly speaking Gold at $4000 would repay all debt at around $1950 which would leave $2050/Oz Pure Profit, mining 140,000 Oz that could leave around 3p per share for share holders. Does anyone know if this pays Yearly debt or if its debt payed off in the first Year?”

SB - with the share price at 1.75p, hope you are feeling better?…

- finance approvals will come with further shareholder approval, would this mean, it’s conditional?

At current gold prices, what would be the share price at 1st drawdown? Instead of finance approval, 1st drawdown would be a time to derisk some for the long term shareholders. I am intending to hold vast majority of my shares into production as long as the fundamentals in Kefi and gold remains the same or improves. GL

And how much of the current gold price is factored in to our SP?

Wayne good to see you “all in”.. been a long time.. huh..

Why would HAA do at this stage? He has to get his $500k bonus that means finance closure + 3p and above share price for 5 days.. if he doesn’t achieve finance closure, he is unlikely to last any further - many will be forced to push him out.

I think we are close. Warrants are getting ready to be flipped when the finance announcement comes.. imo

Dvh - you are correct about having a RNS on Friday. We have one. Not the one we were hoping for… lol

You in Wayne? 🙂

Or a RNS during the day… 🙂

I thought that the equity element need to be approved by shareholders in Nov?

Hi Wayne - how are you doing? You expecting HAA doing HAA thing? :)

After finance completion, I expect the share price north of 3p and HAA will have his 1st tranche of his bonus…

We need the finance closing & this will be truly transformative… GL

Https://www.lse.co.uk/rns/KEFI/modification-to-executive-bonus-plan-1oc6qeqyausl37e.html

Many blind Harry supporters… just because the share price is higher, he is no angel. Harry had been over promise and under deliver mode.

Only a few days left and we are very close to signing the finance. Once the finance is sorted, Harry can hand over to someone who can build and run the mine.. GL

PS: I am still optimistic of Kefi and finance closure and look forward to next week…

I see 2 scenarios…

1. Warrants are exercised now as they are close to expiry? And that would be a good sign for potential higher share price.

2. If the warrants are not expiring in the near future what is the reason to commit cash now? Or use the current liquidity to lock in profits which means these are sold in to.

I hope it’s scenario 1… GLA

GLA