Thanks for the explanation KeithOz. There must be a very good reason to raise the funds with such urgency, otherwise they could have waited until 23rd august to reset the clock.
WI has said the same thing more than once regarding the Chinese being blocked for political reasons, then retracted a few days later. There is probably some truth in it.
Maxit may need to explore other options e.g Abu Dhabi and Saudi funds.
If politicians won't allow a sale to the Chinese as WI is suggesting in the video and BHP etc aren't interested, perhaps the Abu Dhabi Investment Authority or Saudi Arabia Public Investment Fund invest in projects like Cascabel?
RE: Until the EG sorts out the regulatory issues1 Jun 2023 22:23
"The Company expects binding terms to be entered into within the next month or so subject to ongoing successful satisfaction of outstanding conditions precedent which are normal for a transaction of this nature"
"...next month or so" - leaves it open-ended in terms of timescale
and
"subject to ongoing successful satisfaction of outstanding conditions precedent which are normal for a transaction of this nature" - an equivalent to this line has been there every year for the last x number of years (though we've never been told by Harry what these conditions are. It is these outstanding conditions which are never fulfilled for the funding to be approved.
Someone should report these guys to the FCA. They are using the above to fleece private investors every year. Seems like a corporate scam happening under the 'blind eye' of the FCA.
Fair do's FiveCandles. Though I do believe Harry will string us along regarding the funding sign-off until the AGM. Then nothing will happen and we'll have a repeat of the same shenanigans next year when more funds are required.
FiveCandles - it seems you've just very recently bought some Kefi shares and are now trying your best to talk other people into buying so the SP rises. Unfortunately no amount of talk on a bulletin board is going affect the KEFI share price. There are just too many shares in issue.
I don't think any shareholder wants the company to fail. However, I do believe Harry is not wholly honest about Tulu Kapi. He is just stringing shareholders along and has been doing so for the last five years. For this reason, as a point of principle a red flag needs to be raised. Nobody should be allowed to 'rob' people by hiding behind a company.