Member Info for Fevertreeman

Time will tell. Hard to trust anything that Adams says or does....Kefi is close to the wall I'm afraid. The assets will still be there but Adams will not, as he won't be able to get the financing done in time, having had what 3 years.

Looking at it another way the convertible plus share issuance for mining development will amount to $42m. At current $excahnge our market cap is about US$25m, so the level of future share issuance is going to be getting on for 2x current market cap

and future dilution................we currently boast the extraordinary number of 2.1 bn shares in issue, where the minimum exchange market size is what 200,000. This number is going to continue to rise further diluting the hell out of existing shareholders, see below. It is quite troubling that Adams wants his 500k bonus in cash not shares but is happy to pay for mining development costs in shares. That doesnt look right to me
KEFI Group’s c. US$121M planned in the following manner:
b. Subordinated convertible into KEFI at VWAP in 3 years US$20M
c. Mining development costs payable in KEFI shares in 2 years US$22M

Well spotted. So Adams where's the missing 33% of the financing? And still the project financing goes backwards So looks like you have asked the poor local evangelical church to pass the plate round for you? Frankly, this is getting ludicrous- throwing out these RNSs in a desperate attempt to get sp moving, so the Cypriot sunlounger can raise more finance and get his hands on £500k. I would love to line up all the RNSs over the years that talk about the " next stage of community preparations". Sp has been pushed up by m/makers but the gravitational pull will reassert itself by end of day

and will have no influence over the long awaited FDA decision. of more importance is what the appointment says about this chap's confidence in the Angle 'equity story' Newlands has sold him, and presumably his own due diligence. Much more intriguing is the change in brokership and the appointment of Jefferies which as a franchise is flying high in the US and Europe. Newlands must be desperate for a decision , so he can press the button on a NASDAQ listing and increase the multiple and value of the business by several factors. let's hope he gets the answers he needs before the NASDAQ edifice comes tumbling down given its in bubble territory .

to the CEO and CFO who have cratered the share price since they came on board. Mind you look at the price (and not Mr Philip Price) being £2.42. I would think its touch n go as to whether the management team are actually on board to cash in.

what with, worthless Kefi share certificates?

No, of course not...............but he continues to take his monthly 'consultancy' retainer

more likely he has a deal with them to 'kidnap' him in Cyprus to escape the wrath of shareholders when they realise what a shyster he really is.

I have given some serious thought to this and decided that it is worth a decent weighting. I think Pelham recognised the potential esp of the 'nuclear' side and was agitating for a split but overplayed his hand. Not hard to understand why: a sea change in attitude toward nuclear currently underway. Uranium has bee on a tear as investors realise that grandiose green energy solutions cannot supplant O&G in any acceptable timeframe without enormous cost. The green lobby has got ahead of themselves and we now face a burgeoning energy crisis thanks to energy demand massively outweighing supply. When the FT and Economist are changing their minds on nuclear its time to sit up and take notice. Carrs is a jewel in this respect with Walischmiller and NuVision particularly well placed to take advantage. I think once investors start looking at companies likely to benefit from rebirth of nuclear, Carrs will start to attract some real interest.

A lot of tosh being talked about her purchase elsewhere. As s/o who was a former PDMR, I can tell you that (1) there's no inside information involved (2) it has to happen outside close period and she would have to get permission (3) that if she is confident about the business's future then she stands to make more money owning the stock than whatever her salary is in the north west. I would like to see our newly minted NEDs put their hands in their pockets rather than allow the senior quality manager to be the only one showing faith.

And LTHs means any one who bought as recently as August since when under the baleful mismanagement of the Cypriot rascal the sp has halved.

License gets revoked , then what?

and longterm s/holders will lose everything tho' traders might make a few bob if you're prepared to gamble.

Smelly Ben,

I don't doubt that the assets are there. my doubt is that the Cypriot Sunlounger has run out of road now: he cannot raise the additional financing, no one in their right mind here would support yet another equity raise with him in charge, and both the Saudis and Ethiopians are highly unlikely to entrust their mining industry to s/o who has proved such an unreliable partner. Does Sirius Minerals ring any bells up in Yorkshire. This looks like a carbon copy of what happened there. Failure to raise the funding for £4bn potash mine mean that shareholders were totally screwed when Anglo stepped in with a derisory offer. Same thing may happen here but I think that the E's will withdraw Adams' licence before then.

Ominous sp movements last two days after the bs RNS from the Cypriot Sun Lounger. Sadly the corporate governance here is another thing of abject amateurism, as Adams is Chair & CEO, so try firing him.

This was dead as an proper investment several years ago; it is now dead as a roulette punt. The house is calling it - dont waste your money. All due to the utter incompetence of Adams, who continues to get paid outrageously for his mismanagement.

After another bs RNS from our hero, in-situ value of the company is down another 7%. Utter *******s about Hawiah in situ value of 2bn then 1bn is utter madness when you can buy the company for less than £20m. Wtf is Adams on about. The market is telling us that there is no way this is ever going to happen under the utter mismanagement of the cypriot sunlounger

Interesting appointments. hard to say that these 2 have any expertise in building contracting but as financial engineers they are a welcome addition. I think they are gearing up to take this off the public markets. It is too small, too illiquid and frankly would be better served away from the volatility of public markets. So choice are : sell the business or take it private. Am sure that things are afoot.

I completely agree - desperate stuff from Adams, whose track record of delivery (apart from to his own pocket) has been verging on the negligent. It beggars belief that this character is talking about current gold prices and trying to desprately ramp up the sp:" "At current market prices the 2020 Mineral Resource Estimate represents an in-situ value of over US$3 billion worth of metal..." I mean the man needs a lesson in economics as you pointed out. Laughable