Member Info for Fevertreeman

Outstanding post !

I also have managed to identify 'sadist'.......one couldnt make it up. Others I got were SITARS, STAIRS and TRIADS

Aristidis = "diarists" which seems appropriate as we have been treated to his fictional musings for far too long

What would : 'Aristidis Anagnostaras-Adams ' come up with on a Scrabble board?

cue emergency fund raise..............

either that or red card from Ethiopians

There are only 2 questions to ask him:

Why have you repeatedly played fast n loose with the truth regarding progress?

When are you resigning?

Hilarious isnt it! Nothing has been built, the same roster of 'actions' about locals and site prep has been repeated verbatim over last several years of RNS announcements, and yet there are security issues......

And dont forget he is both bloody chairman and ceo ......

His bonus arrangement are sickening frankly, given the epic shareholder destruction he has presided over. The lack of proper governance at Kefi is quite scandalous. These are bonuses being awarded for doing his job as far as I can see. Moreover the hurdles are low and most dreadful of all for a company that is struggling with cash and has tapped s/holders Adams is paying himself in cash which when siphoned through his Cypriot vehicle will bear virtually no tax. He shjouldnt be awarded with cash -share options or pref shares or straight equity but not CAsh

Ditto. FWIW current other small caps on my radar/recent portfolio additions include:

1. 1spatial --fascinating software business that even I understand and starting to get traction (results and big contract earlier this week)
2. Petards - micro cap business in defence, train software, and software of motorway cameras etc
3. Surface Transforms - one of only 2 global suppliers of carbon ceramic brakes and clear leader....great management , great story, great future
4.Angle Technology - medtech company in guildford awaiting FDA approval for its liquid biopsy system that detects live circulating cancer cells in blood. FDA verdict expected any time soon.Odds are they get it
3. Town Centre Securities - undervalued Leeds based property group

Very sorry to hear your situation. I bailed out at a 25pc loss a while ago, as I got fed with the constant self-serving behaviour and announcements that turned out to be 'fake news'. I don't think Adams can provide clarity because he is patently not on top of things, as his utter incompetence about managing the message has shown (I predicted that he would use the interview to boot the can down the road but never expected the utter horlicks he made of the announcement).

I hope the punt pays off Ben. Angostura Bitters has zilch credibility but continues to reap the benefits iof his ludicrous consulting arrangements via Cyprus. Every delay for him and Leech is more cash in the bank. FWIW, my own view is that he knows that this is never going to get off the ground on his watch hence the desperation to get the cash bonus and run for the hills.
My immediate concern for s/holders are as this is now a 2022 story: (1) Adams stiffs s/holders with another deep discounted equity raise to keep the lights on OR (2) the license gets revoked as the Ethiopians also get fed up with his constant slipperiness and failure to deliver.

Like you have turned from a bull of PL to a bear over the last 4-5 years. Notwithstanding the AIM market dynamic, nor the market's lack of interest in O&G stocks, PL has consistently promised much and delivered SFA for his shareholders whilst bristling that folk have the temerity to question his bona fides or judgement. Today's results as always raise lots of questions - where is the funding coming from for the drilling program, what is going to happen to the US assets, Atome spin off value to s/holders; corporate strategy.....

Again spot on..........I do wonder how many of board followers ever bother to look at the Rem reports etc of annual reports esp in the case of genial Harry Grout, I mean Harry Adams.

Well said......

In truth, the gravy train has been for HAA and Leech (and for a while RAB),but it is coming to an end. If I were the Ethiopians , I would now pull the plug on the license as its clear HAA is not competent to manage the on the ground politics or for that matter operations. He is still short 37% funding commitments. And all the comments about PR damage to inward investment case if they do - utter tripe. There are plenty more players out there with the competency, cash, and management to get this up and running.... As for Saudi, they will know the person they are dealing with in HAA, and wont be in a rush either.

This just goes to the heart of the issue regarding why Harry doesnt actually give a toss, and like carpet baggers of old, whatever happens to Kefi he is tax-free quids in. He pays virtually no tax via his consulting arrangement which suppiles his services to the company. It is extraordinary but given the grievous lack of corporate governance and oversight why should people be surprised.

After yesterday's debacle, scales are finally falling off various folk's eyes. The problem with so many retail investors is that travel in hope based on nothing but blind faith......the facts and clues to HAA's modus operandi have been there for years, it is just that the inconvenient truth did not fit with what they wanted to believe....

- Manu17 was right to point out the boiler plate language about TK this morning has been the same phrasing for 4 years !!!! Issnt that a red flag but a lot of folk didn't query it?

- The problem with cashflow was raised by the auditors at the interims and Panda1 was kind enough to point out the bridging loan issue in teh account - again in plain sight

- HAA's prior track record with EMED which flagged his utter incompetence was there to see, but again ignored ...............and the list goes on

One last thing, calls to investigate HAA's honesty from some quarters made me check the extradition arrangements with Cyprus. FWIW there arent any in northern part :))))

Frankly his comments about being angry about shareholders are breathtaking in their self-absorption. Yes of course we're angry and why shouldnt we be? The facts show PL has presided over enormous shareholder destruction.