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simm that was a very interesting insightful post your thoughts on how spreadex works and it’s effects on KEFI sp movements is very welcome cheers for Taking the time to post that - I’m a ltr here still underwater but hopefully not for much longer
There is a threat here in that RNS has no none else seen it??
If the resolutions are not approved at the General Meeting, the Company will need to seek an increased amount of additional funding from alternative sources in order to support its operations. There is no guarantee, however, that such increased amount of additional funding could be obtained in the requisite time frame or at all. If the Resolutions are not approved at the General Meeting, and no alternative funding can be raised, the Company's ability to operate as a going concern may be put at risk.
I just can’t tell - so it seems that frankly ANS will use anything to delay spooning the money over - seems to be the way in Africa. The pandemic although scant so far in Ethiopia is just the sort of delaying excuse they Could utilise. I’m happy to wait but my concern is Harry will be running out of cash and what options does he have? A loan? More warrants or a raise. I’m jaded from all this. It appears we are in the perfect storm currently which has reduced my investment here by about 60% in 2 weeks
Well I suppose fundamentally nothing has actually changed so it’s at a near 50% discount to last few weeks. Market and investor sentiment has taken another knock but I’m holding thru this global market shake and basically hoping Harry is able to grease ANS into stumping up soon but I’d be surprised now if the SP got anyway near 1.80 or above from these levels on a monies received RNS
Any comment on this from 6 Jan 20 RNS
The terms of the Project equity subscription remain as previously stated and summarised in the Company's announcement on 25 November 2019. The existing TKGM shareholders have been very supportive of the Project and now TKGM will be further empowered by the transfer of the first tranche of the ANS Mining funding of US$9.5 million (Ethiopian Birr equivalent) to TKGM during January 2020, following the completion of certain procedural matters.
Yes nicely level headed but if I had a dollar for everytime a poster said the market has overreacted I’d be very rich. At these levels even if the ANS money was received next week a 60% jump would only put us to where we were last week!! Disastrous timing
Well it’s true what they say 80% of investors in AIM lose huge amounts of money and most AIM share prices are long term ski slopes from top left to bottom right I’m 45% down from my buy in price in Nov/dec in about a week. There is no doubt that ANS are basically stalling and Harry can’t do anything about it currently he needs a plan B pronto