Member Info for Guly

There’s a lot of rubbish being posted again. The company is now effectively fully funded and massively derisked, with the vote largely a formality at this stage.

I’ll be increasing my position once funds are freed up from other investments. The upside potential is astronomical, potentially as much as 30x over the next three years.

From RNS:

"This strong and oversubscribed equity raise, driven by significant institutional demand, is a clear endorsement of KEFI's strategy and the quality of the Tulu Kapi project. The increased scale of the fundraising ensures that Tulu Kapi is now fully funded through development, replacing some higher cost capital and positioning us to move forward with confidence. Importantly, it also provides the funding to accelerate our substantial broader growth opportunities by advancing our highly prospective strategic exploration portfolio, both underground at Tulu Kapi and more widely. We believe this marks a pivotal step in unlocking substantial value for KEFI shareholders, both at Tulu Kapi and in the longer-term across a wider asset base. In addition, the institutional investor support we have received positions the Company well for its intended transition to the Main Market of the London Stock Exchange in due course."

An institution isn’t going to invest $30 million just to offload shares on the open market at current prices - it doesn’t make sense. With free cash flow projected at $700 million annually once the mine reaches production, institutional investors are likely targeting at least a 5x return on their investment.

That's what the folks at SML said when the price was 1p, now 5p lol

Yup looking good Kefi

Funding was oversubscribed so those institutions that missed out are buying on the open market reducing % free float further

Looking good

If you go back to the SML forum when it was 1p you will notice the same trolling over there. It's now 5p lol, same will happen here

Still think we'll finish green today. Proper investment now!

It's 99.99% guaranteed

It’s like on Dragons' Den -entrepreneurs give up a small stake in their business to bring in a Dragon whose investment and expertise can transform the company overnight. In the end, they own a slightly smaller share, but of a much bigger and more valuable pie. A win win for everyone.

Absolute no brainer now, we will see institutions that missed out buying on the open market.

Huge buying, can see 1.5p+ close

Not much left under 1.3p

Wow huge buying on the open market

Fully funded, oversubscribed placing means massive deamand and gold back over 4,700. Hold onto your shares firmly as they could go big today.

Oversubsribed placing, we all know what that usually means. Should see very strong demand on the open market - can see 6p+ within a few months

Cheap shares may become increasingly scarce after today’s funding update, hold onto yours tightly. I can genuinly see them reaching 6p+ within a few months - a move similar to SML.

KEFI Founder and Executive Chairman, Harry Anagnostaras-Adams, commented:

"Today's capital raising not only wraps up the Tulu Kapi development funding but does so in a manner which replaces some higher cost capital. Importantly, it also provides the required funding to re-initiate strategic exploration, both at Tulu Kapi and more widely, and expands the institutional participation in our share register - important for our intended transition to the Main Market of the London Stock Exchange in due course."

Doesn't sound like institutions will be flipping any time soon. Can see 6p+ in few months.

Given the placing is with long-term institutional investors, I don’t anticipate any significant overhang. After a short dip, I expect a strong upward move now that full funding has been secured. SML closed 17% higher today following their placing, despite it being at a larger discount than ours.

With that out of the way, market makers should allow the price to move more freely, and I’m comfident we will see new highs in the near term.

Will spotted Kefi, missed that from today's update. Lots to look forward to!

The usual critics are complaining about the placing despite not even being invested. I think Harry’s made a sensible move by raising more than needed as a buffer, reducing the risk of having to come back to the market again. With funding now secured, I can see the share price re-rating to 6p+ over the coming months.