Member Info for Fevertreeman

Various of you have pointed out the timings around this - after cratering the sp with the bloody equity raise . Another rns straight from the Ministry of Circumlocation. Note ANS is no longer even mentioned by name ; and then the fact that the oft visited photo of the trench digging on the website was not in fact the start of construction after all but the Greek no doubt burying copies of his initial fund raising dox from all those years ago....the sp will shoot straight back down once the dilution hits.....glad I am an ex-holder. Btw has any one ever made any money in this sp apart from The Greek ?

RWi...different markets....sill cant help sentiment.....share price at ridiculous level now, considering it hit 40+ after the euronext listing and fundamentals havent changed . Have topped up today in size

With results out in early June , some signs of European countries opening up, the strong fundamentals underpinning the circular economy, it is unsettling to see the sp sink back to 20p. Either some institutions are bailing or s/o suspects bad news in June or they are contemplating an equity raise with the results. Whatever is happening it has a distinct whiff

hahaha Thank you for spotting that !

So pray tell how the simple task of transferring the first tranche of cash that ANS have been promising for how long, and the Greek says have signed all the documentation would be thwarted by CoVID-19? You are clearly better informed than the rest of us you sanctimonious prick

Q.is one to assume that ANS have been removed from the TK funding process ?
A. No. We expect ANS to proceed. They are sincere friends and deeply involved. These are unusual times and COVID-19 is wreaking havoc globally and we naturally need to protect the project with alternatives.

Gentlemen, wtf has COVID 19 to do with no transferring monies agreed to the project. The Greek is an utter moron ; doe he think we are all stupid? he clearly is - nowhere is his utter stupidity and rank incompetence demonstrated than by this email response. SACK THE GREEK, SACK THE GFREEK, SACK THE GREEK

Where is Trump when you need him

Like Hitler's proclamations from the bunker - phantom armies, new weapons of mass destruction, team up with teh Americans, Russians not closing in....The fight here gentlemen is for The Greek to stay solvent, as noted in the placing RNS, and absurd comments about "at the current gold price of US$1,700/oz, Kefi share of TK equates to £163 million, approx 11x market cap etc " is another example of his desperation.....he is a stock promoter of the lowest kind. Any fool would know that the calcs he is making are absurd....net present value of what ffs; he hasnt built a road let alone dug anything out of the ground.....gold price could be back below $1000 by which time The Greek will have retired having written off this adventure.

One thing that does concern me is that Return on Capital has halved over the last 5 years and the trajectory has been disturbing....from 26% in 2015 down to 13 % in 2019. Suggests to me that they are very efficient?

That assumes the bloody thing ever gets built of course -his track record of abject failure is telling on that front. He just wants this to plod along in the hope that he can continue to take 30k per month plus expenses

Sadly not that sophisticated despite my background. Nope just outraged at the carnage this man has wrought on honest shareholders, and his utter contempt for you guys

Use of funds is described as follows:
Discharge of existing liabilities - £1,088m....doesnt explain what they are
Ethiopian Project expenditure, Preparing Community, Project finance closing -£1,694m in other words, the guff about preparing the groundwork etc that the Greek has consistently spewed is utter *******s. His team has accomplished nothing of practical substance to date which is par for HA course...but this line reference is the doozie....

Corporate costs -£718k....over 700,000 pounds on what? Is this salaries, is this first class air travel, is this facilitation payments, is this HA board and lodging.....and boys and girls this just takes us through to Q4 ...ffs someone SACK ADAMS

Though next time he is in London, he should keep an eye over his shoulder, in case a tonne of dud share certificates drops on him from agreat height. Look, the man has no conscience, he operates on the greater fool principal, the W C FIelds " Never give a sucker an even break "

The only 'project momentum' here to quote the statement is coming from the f****** avalanche of dilutive shares the Greek is dumping on his shareholders

This is from the statement on April 24th ; clearly at that point The Greek was already in discussions with RAB but continued to push the line that all was hunky f****** dory.....

· Project Equity: Tulu Kapi Gold Mines ("TKGM") longstanding partners, KEFI and the Government, are coordinating with the private sector partner ANS Mining Share Company ("ANS Mining") to maintain the planned structure of the public-private partnership, despite the local liquidity strains experienced this year and other effects of the COVID-19 pandemic. To that end:

a. ANS Mining, which is the investment vehicle for a syndicate of leading Ethiopian banking, insurance and investment organisations, has re-affirmed its commitment to the Project following the Government's injection of significant liquidity into the local financial markets during the past two weeks;

b. the Government is now collaborating directly with ANS Mining and its shareholders to reinforce Project momentum. In addition, as an important new development, the Government has now also advised both KEFI and ANS Mining that it will this quarter look to arrange either direct or indirect funding into TKGM from its investment institutions for the required amounts if there is any further delay in investment via ANS Mining;

c. in the event this investment is provided by entities outside of ANS Mining, there will be a proportionate adjustment to the TKGM shareholdings. KEFI's interest in TKGM would remain unaltered; and

d. as a proactive move, the Project partners are updating the shareholder agreement, to account for any specific changes in schedule and budget as a result of COVID-19, providing greater flexibility and to avoid any potential hold up in the overall Project timetable.

Or a photograph of a road, some power lines, equipment, men with machines , The Greek at a 5 star restaurant, the Greek at his holiday home in Cyprus....

Or a photograph of a road, some power lines, equipment, men with machines , The Greek at a 5 star restaurant, the Greek at his holiday home in Cyprus....

Yes the likely bidder will be The Greek via his private vehicle with RAB backing

I of course meant 30k per month

Hopefully thats what RAB will agitate for. BTW when the documentation lands, you should check to see what the lock up period is for RAB as anything less than 1 year imho will show that (a) Phillip Richards or whoever is still on board there has no more faith in the future of Adams than many of us (b) It is a therefore just a short term punt .....