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Superdry is going bust.
Double digit fall in annual revenues again, debt raising, equity on balance sheet disappearing and in (brackets) which means a loss.
Face facts, it’s over.
If it was a good idea financially to buy the company at this very low price, someone would have done it by now.
Too high costs, falling footfall post Covid in store, online competition, horror show of the loss making wholesale business.
Businesses fail every day.
Superdry will be next.
Https://www.kefi-goldandcopper.com/files/announcements/kefi-positive-pfs-for-hawiah-28june23.pdf
Page 13 of 13
Long section in blue shows the Crossroads Section with all the hits shown in blue, only they never drilled down further than 500m and they showed a grey area plunging down. If the deposit is there from 500m all the way down to 1000m this will expand the resource and grades could get better the deeper you go.
It was Camp Lode area (on the right) that was drilled to 590m.
Signifiant find, thanks Rob.
Https://m.youtube.com/watch?v=LzNayAyIs1g
Link for Meet The Investors last week.
Periodical cicadas
The life cycle of cicadas is a mystery to entomologists. Periodical cicadas require either 13 or 17 years in the nymph stage, developing underground, and mature very slowly. They are synchronized to emerge en masse, every 13 or 17 years. Their 17-year life span makes them the longest-lived insect known.
“Tulu Kapi is now finally fully permitted with only procedural administrative confirmations remaining,” Kefi added.
Funding and the TK gold mine is coming.
An alternative way to make money in 2024 is to bet on the US election
Trump is 11/8 and crooked Joe is 2/1. So you can bet on both and because unless they both drop dead one of them has to win.
Surely lawyers/legal teams don’t work over Christmas, so if that’s the case it’s looking like it will be Monday 8th January 2024.
Kefi never puts rns out on a Friday, so it is unlikely to be this week, next week everyone is on holiday, the week after that starts on Monday 1st so it will be the following week of Monday 8th January.
Happy in the New Year.
“We want to develop and make money.“
Yes Harry we certainly do. The company said it would not give weekly updates, so the financing maybe definitely signed off by now, who knows.
The right is question is Tulu Kapi on track, yes, yes it is, it’s right on time and it’s £150million in revenue in year 25/26, annual profit is about the current marcap.
Fundamentals speak for themselves.
We have conditionally assembled 95% of the project funding requirement of US$390 million, with the remainder also allocated with a specific set of parties and expected to simultaneously close their binding commitments alongside the others, for construction start in the fourth quarter of 2023.
That’s from the Friday’s RNS. People need to get a life rather than submitting questions like, why is the share price so low, or when will the share price rise.
The 20 million will get sorted out on time as per the RNS.
Relax, Harry and the team have got this.
Harry said it was an easy fix compared to the heavy lifting that has been done hitherto.
Only a matter of time before TK enters construction, hence the new ESG man on the board, who has an honour from Finland and will be very good at his job.
The 20 million is nothing to worry about, but then I am an optimist.
https://m.youtube.com/watch?v=3Mgl1ToQzV4 at minute 1.32,
Harry’s says that the “Recognitions and Protections have been granted to the development banks (AFC) and that unlocks a lot of work that we can now get on with, which is fantastic to be honest”
AFC have now said that are working in Ethiopia, just 11 days after Harry said the above.
https://www.kefi-goldandcopper.com/files/presentations/kefi-mineafrica-seminar-presentation-7mar23.pdf
On slide 7 of latest presentation is says “Closing Process Underway”
https://www.kefi-goldandcopper.com/files/presentations/kefi-investor-update_-presentation-_feb23.pdf
On slide 5 of the February presentation is says:
2023 Project Launch Sequence. The tasks have been agreed within the syndicate and are:
Principal government regulatory confirmations:
1. Central bank: Approve final financing and bank account terms and conditions
2. Ministry of Mines: confirm tenure of production and exploration licences
Final lender credit approval and signing by all parties of lender-approved definitive documents.
Independent confirmation of compliance with international banking standards for:
1.Upgraded security systems in project area and transport routes
2.Upgraded community preparations for resettlement and compensation
Approval at KEFI General Meeting of any conversion rights into KEFI shares
Equity funds flow
Commence procurement, community resettlement, site works, exploration
Harry has said that everyone is now pulling in the same direction which i think was aimed at the old minister of mines, and now the new minister of mines is super helpful getting the TK process closed and the mine built by 2025.
Past performance failure is not guarantee of future failure.
TKGM will happen and the General Meeting will be a being called will be an obvious sign of it going ahead. They are working there way through the Project Sequence.