We would love to hear your thoughts about our site and services, please take our survey here.
I did ask the following question on the Kefi website, about a fortnight ago, with no answer.
"I wonder if you would be so kind as to allay my concern that the legal aspects of the "overpegging" have not been resolved, thereby delaying finalisation of the "community movement" process and thus causing some of the parties, to the "credit agreement," to refrain from making their final approvals watertight?
Whether or not this is the case do you have any indication as to when this issue (overpegging) will be resolved?"
My point being that Mamgement expected this to be resolved soon, thereby saying that a fund raise wasn't necessary.
Conditional on shareholder approval at the General Meeting, the Company will grant one warrant per two Placing Shares at an exercise price of 1.6 pence ("Warrants") exercisable for a period of two years from Admission of the Conditional Placing Shares.
The Company has elected that the Warrants will become exercisable if, during a two-year period following the date of Admission, the on-market share closing price of the Ordinary Shares for five consecutive days reaches or exceeds 2.4 pence (being a 50% premium on the Warrant exercise price) (the "Warrant Trigger Event").
If the Warrant Trigger Event occurs then:
(i) the holders of the Warrants must exercise the Warrants within 30 days from the occurrence of the Warrant Trigger Event; and
(ii) the Warrants will expire following the end of the 30-day period referenced above if not exercised.
If the Warrant Trigger Event has not occurred within two years following the date of admission of the Conditional Placing Shares, then the Warrants shall lapse and will no longer be capable of being exercised.
I bought originally at around 12p and saw them drop to around 7p, picked a few more up at 9p on the way back up. I really do have no ulterior motive other than to have my doubts assuaged, and your comments are doing nothing in that respect. I have seen this sort of mindless ramping occur when nerves are getting jittery. Anyway I will leave it there for now and hope that, not only does the drilling at Red Setter start soon, but also that they find something.
I take your point Fairanalyst, but the RNS of 7th May said an "important contract" had been signed for the drilling at Red Setter. Would the drilling before the end of last year have been carried out without one?
I am invested here but am a little sceptical at the voracity of the "Official Line", let alone the unofficial one.
Your cavalier attitude is well understood, diggit but I for one am interested in how the process works and am keen to hear from those who have experience in this... and other fields. Thank you SB.
Up until about a month ago I was taking more notice of Heid's observations than I am now.
I have to say that as the days go by they appear to be becoming more manic. It seems, since someone on here suggested she become more active as a promoter of UJO that she has taken it to heart, but I fear that the outcome of this prolific posting will have a more negative effect than a positive one.
No one is to take this as a personal slight, it is more a general observation, because the same can be said of RNStranslator and MrInvestment who among others, have valuable input, but have been side tracked into a personal battle. It detracts from the value of this board and does the antagonists no favours whatsoever.
This is old news, reported differently.
This is what Reuters have reported
"National Electoral Board of Ethiopia (NEBE), “indicated that delays in opening polling stations and voter registration have pushed the voting day,” state news agency Fana reported.
Mideksa confirmed to Reuters the vote would not happen on June 5.
“We will let everybody (know) soon as to how many additional weeks/days to complete the delayed tasks ... Wouldn’t be more than 3 weeks,” she added.