Member Info for NotAmused

A mineral sands company approaching mine development stage , Now that’s a great statement.

Just need to wait patiently to find out what plan they opt for . Original plan was $37m for staged mining then the Chinese came in with $81m for a full ramp up . With the addition licenses and resource expansion this could be worth a lot more money and for well over 10 years . With Bruce and Sheffield on board shareholders could have a share of a bigger NPV with double the share value of what the Chinese were offering.

Who’s been selling over £300k of shares for 0.70 and below for a week then .

You can’t rule out a placing .

Please explain who’s else is able to sell so many shares at a loss and why ?

Am I correct we traded £3.5m for 2% of GMCO ? This TK is taking its toll on KEFI . At least it’s not £3.5m worth of shares at 0.6p

Thanks for your tacking the time to reply Catbert much appreciated . Thats a rather good view /insight on the situation.

After that short RNS which was the proverbial rug being pulled from under the deal which had fired the SP to 5p . I was hoping for a follow up detailing where the company is going next . Do we actually have any partnerships lined up or any negotiations or are we adrift like the SP .

Well no JV . Perhaps the Chinese were too demanding . Now everything is up in the air !

At least manu has been right about the mine sign off and called Harry’s bulls@$t more accurately than others over the last 2 years .

This has truly been a miserable saga .

Hi all , could some one please explain to me how a company can undertake a placing at .70 and then offload such a % of shares at 10 -15% below that price . Is it balanced in with the projected/ perceived value of the resulting share value after the company is recapitalised?

That’s a good strong message from the company. Glad I didn’t sell but won’t recommend buying anymore shares at this stage of uncertainty

Only a 1/4 of the primary bid offer was taken up .

That's a big placing for a company on the cusp of signing a deal.. 25% increase in shares for £7.2m , I'm not as excited as Harry the dog but I'll have to suck it up.

The proposed public private package with KEFI offers Ethiopia the perfect solution $2b+ of Gold in the ground ,$400m to Kefi, $1.6b+ for Ethiopia, to the EG and AISC (bank interest and wages etc) it's all accountable. taxable and recoverable, the money is ultimately coming from global development funds and can be repaid in 4 years plus the many indirect benefits factored into the economy .
I look back and compare all this to that ex ANS crock proposal of ex ministers and Generals having a raffle to finance the mine through a network of offshore companies .

Brilliant article Tintin . Thank you

There’s an awful disparity between notified bought and sold shares . This is the third day . Do we think a big order is being worked through , ie another placing ?

Dated 23rd In Cape Town . I thought he was in Ethiopia ?

He needs to get the share price moving first so he can raise cash !

AISC guidance still @ $1300-1450 fy22 . Wow ! they’ll have to go some from here.

I’m going to be £5k down in value in a matter of minutes . No chance of dumping these today Maybe even go to .70

Harry you old dog and a bunch of other words come to mind, he’s done it again . Brilliant at mining share holders pockets.

Looks good for today . 120k bought 50k sold .good volume so far . I’m holding for gold.