RE: The moment of truth for HAA - no more Hakuna Matata!1 Mar 2021 09:52
Few observations....
SP being kept closer to 2p - is this some kind of VWAP being worked for out, potentially final placement price being worked through the VWAP (just a educated guess based on similar movements in SP for other shares) followed by finance announcement...
Secondly, there is a high possibility that Ethiopian investors may participate at KEFI level rather than just at TK level.. Probably gives exposure to SA assets. Ethiopian govt bought 20% stake in TK for $20m. Kefi current market cap is £42m; KEFI is undervalued and therefore high chance that Ethiopian investors may take part in final placement? IMO. TK funding is key to KEFI's re-rate...
Either way, less than 23 working days to find out.. GLA