Member Info for Forcella

No again, 3x less.

Go on, i'll humour you:

How do they finance this without diluting shareholders into oblivion at this price level:

- Indigo have $483k worth of shares to convert at a 20% discount to vwap

- Pay $109k to Riverfort as a prepayment penalty

- Pay the NIU coupon

- Pay an interim CFO

- Fund investigation into the 2 suspended directors and any subsequent legal action

- Secure cash run away beyond early Q2 to be signed off as a going concern.

That's to keep the lights on...

NIU have security over the Empire mine... they can't sell it to pay them their $5m back, it goes to NIU if they default.

How do they pay any fees associated with selling the $75m worth of bonds needed - advisers, finders fees etc.?

Confetti, and lots of it. That's if it doesn't go into admin which is the most likely scenario imo.

You are not correct, there was a 10-1 consolidation in 2018 so it IPO'd at around 9m market cap.

Does it?

- Money runs out in April:

- Indigo have $483k to convert at a 20% discount

- $109k Riverfort early payment penalty

- NIU coupon (without even considering the $5m they owe)

- Funding the investigations into MEJ and RW and any subsequent action

- Need some cash run away for new interim CFO (plus their salary/fees)

- Plus all the other advisers taking their pound of flesh...

£2.7m market cap... confetti cannon and/or administration

More ChatGPT slop

The message below said "Hence, not many investors will like a long wait, indeed many may choose to wait to invest until a result is imminent." The govt making an offer creates a problem to those who to chose to wait to invest. which I believe was testpack's point - waiting = waiting to invest, not already invested and waiting for an outcome. Hope that helps!

Doze, you’re either being intentionally misleading or you’ve not read the RNS properly. Hanc0ck and the EG have not participated in the placing to buy in to KEFI PLC.

It mentions the syndicate members in Ethiopia and JV partners in SA as being supportive in those respective roles, not as participating in the raise.

The board have been working hard for 4 years spending a load of money and achieving nothing.

I hope they can turn it around, but everything we've seen so far points to them not being capable of doing so.

The sp could rocket and most LTIs would still be underwater. Tails you lose, heads you lose not as badly, the damage has been done. Shambles.

He doesn't say they're very close to finalising anything in that, and that was 7 weeks ago.

Where have they said they're very close to finalising it what's going on in the background?

Nice work if you can get it...

BBB, It's 3 months next week since the funding was secured; they've done no communication outside of the AGM in that time.

LoA - any evidence of this saying pending finance? I have it showing as Active as far back as 2021 from previous screenshots. There's also no reference to MOM\LSML\81\2015 on Google that shows anything other than Active since it was issued in 2015?

Weird as you posted pretty much the exact same a year ago minus 12 days:

TKGM Licence 13 May 2023 08:47

Sorry if this has been posted before. Searching for company licences on the Ethiopian mining applications portal. Our loot now comes under Tulu Kapi and not Kefi with a status of “Active” not “awaiting finances” as it did before. All looks promising here. GLA

Those warrants are very very generous, 1 to 1 at 3p...

How have you copied a load of negative posts from the telegram group onto here, then said the group is a perfect example of groupthink?

Surely those two things are at odds with one another?

You missed this part when copying my post:

"the Project's lead financiers have promptly initiated their internal approval processes for Project debt financing"

Kempey, that was Wyloo's initial investment a year ago. See RNS Funding secured for development of Havieron - 12 September 2022.

And it won't be a resolution we can vote on.

They'll say force majeure conditions again and roll them over, I'm convinced of it.

Would be joke if it got rolled over again but I would not be surprised.

$500k for HAA and Leach for Tranche 1, $500k at each of tranche 2 and 3 for HAA:

Tranche 1: Entering into a senior facility agreement for the TKGM Project and receipt by the

Company of at least $20,000,000 of funding for the Project (Funding no later than 31st December 2022 (this date was extended from 2021 due to force majeure conditions in Ethiopia). Additionally, Tranche 1 will only be paid when the closing mid-price of the company’s shares is above 3.0p for five consecutive trading days

Tranche 2: Completion of the Project within the Project budget approved by the senior lenders. Additionally, Tranche 2 will only be paid when the closing mid-price of the company’s shares is above 4.0p for five consecutive trading days.

Tranche 3: Upon the sale and physical delivery of 35,000 ounces of gold equivalent.

Additionally, Tranche 3 will only be paid when the closing mid-price of the ompany’s shares

is above 5.0p for five consecutive trading days