Member Info for Fantasy

Sharezy - 100p is possible.. there is more than 1 way to skin the cat.. MC is another matter.. 🙂

Sharezy - Share price will be 100p soon… 🙂

Sp will be this, sp will be that.. blah, blah, blah..

Most people are on the sidelines.. waiting and watching.. Until the finance is signed off, share price is is unlikely to budge.. But expect re-rating upon finance sign off.. correction and may be a over correction.. GL

Please read the 2nd bullet point below regarding the drawdown.. Equity component of the finance will be drawn first.. :) I would have thought HAA would know the details.. we will find out soon.. :)

From 06-Aug-25 RNS...

Drawdown:

• All parties support achieving financial close next month (September 2025), allowing full development with locked-down fixed-price components of the near US$1 billion of contracting being executed covering both development costs and certain future operating costs.

• Equity components of the Finance Plan will be drawn first, followed by debt drawdowns and are being scheduled in line with the Project disbursement schedule.

HAA knew this is more like end of September anyway. In my view it is a delay and an another one. If there was one positive, HAA didn’t wait until 31-Aug to tell the final closure will be by end of September. Secondly the documentation is done and is with various parties to sign.

One concern I have is, when does the documentation expire and would that lead to further delays?

Thanks

Did HAA meet his own deadline of 31-Jul for documentation being ready? Or he didn’t? I saw a few posts saying the documentation is completed and hence checking.. Thanks 🙏🏾

Winstonwolf - thanks for sharing the link. Average is 15.7 years.. with a range of 6-32years.. from discovery to production.. I would have thought Kefi to be between 15.7 to 32 years. Wonder how many more years to go? 🙂

“ The 127 included mines have an average lead time of 15.7 years from discovery to commercial production, with a range of six to 32 years. This is not a comprehensive list of the mines that have begun operating since 2002 as not all operations have enough detail on the dates of important milestones. Some operations were excluded as they are satellites and would use existing infrastructure.”

Winstonwolf - where did you get this data of 15 years from? is it average?

"It normally takes 15 years from discovery to build a mine"

Its amateurish? Well, this amateurish approach was outlined by KEFI CEO, HAA. :)

"I don't see any other mining companies releasing news to say they have all their admin in order.

It's amateurish. They only release news when theres major news to release."

Yes I do... you need the 1st part of the deadline to be met for the 2nd part to be on-track. If the documentation is not ready, how would anyone sign the definitive documentation? Secondly, there are 30 days expiration for some of the reports - if these were not done/not signed, it may force us to do further documentation; further delays.. :)

"Do we really need to see an RNS about definitive documentation?"

So today is HAA’s first target date for completing documentation? Followed by signing it by 31-Aug?

Lol... thanks Manu! :) I can see few grey hairs started to appear.... :)

Manu - come back on 01-Sep... we have some chance of having it by then... :)

Dvh - like many here... people would love to have this finance sorted by 31-Aug.. equally people will accept, if the finance is delayed further. If the finance is delayed further, there will be a quick placement from HAA.. he will use the excuse; we are not stopping the work.. we have advanced community resettlement...

Dvh - exactly, it will be an another 3 months.. :)

DVH - what do you mean by one final chance for Harry to deliver? What do you think will happen if doesn't deliver by 31-Aug?

"So many posters here live in the past and obviously find it difficult to let go of previous disappointments and financial losses. Some even 'threaten' to stop posting here 🤣. For me, one final chance for Harry to deliver. "

Doze - I think it is great idea to reward HAA with dividend. For all 10 years of hard work he deserves bonuses + dividends. And the shareholders should consider more bonuses package to keep HAA in the job. 😂

Another idea is - why wait for another placement to give dividends to HAA? When HAA signs finance package, he should use the first drawdown to distribute dividends. He should float this idea to the lenders.

Once the 1st drawdown is distributed, we should use the same method for all drawdowns. This will ensure HAA is happy. What do you think? 🤔

It is not sainsbury's... Boots..

"This is a new economy/legislative system - not Sainsbury's....."

Special divis next month? why wait until 2028.... fill your boots... :)