Sorry it took me this long but basically they managed to convince some new investors for 150K on share at 0.1p and they sold the lot.
This guys know something we don't.
Amazed this hasn't gone higher right after the placement.
Assuming the full drawn down and conversion of KEFI’s new £1.5m convertible
loan facility (as well as the successful financing and execution of the project), we
calculate that Tulu Kapi is capable of generating free cash flow of c £53.9m a year
for seven years, from 2021 to 2027 inclusive (cf £48.0m pa previously). This, in
turn, drives average (maximum potential) dividends of 1.11p/share for the nine
years from 2021 to 2029 (cf 0.95p/share previously), which values KEFI at
5.50p/share (cf 4.70p/share previously) when discounted back to FY19 at a 10%
discount rate. This implies a value for KEFI of £48m, or US$58m, based on the
dividend potential of Tulu Kapi alone. However, this ignores the exploration and
development of the pipeline of targets in the KEFI portfolio. In the event that KEFI is
ultimately successful in leveraging its cash flow from the mine into its other assets
in the region, our valuation increases to 10.03p/share (cf 8.53p/share previously).
Stated alternatively, we estimate an investment in KEFI shares currently at a price
of 0.90p could generate an internal rate of return to investors equivalent to 85.5%
per annum over 11 years to 2029 in sterling terms (cf 36.8% previously). In the
meantime, investors can purchase shares in KEFI at a price that equates to just
US$7.65 per resource ounce (even after its minority partners’ investment into the
asset at project level).
I like this part of the RNS:
At the time of announcing the Facility Agreement, Lekoil also entered into arrangements to compensate and further incentivise its CEO, Lekan Akinyanmi. All such arrangements have been cancelled with immediate effect and the Company can confirm that no payments have been made to Mr Akinyanmi or any other Lekoil employee, director or representative in relation to the Transaction.
Now we are in the land of the derampers, but the company was very happily going up around 5p before the funding.
Future good news will bring the price up, is just a matter if holding enough.
They will struck a deal that might not be preferential but will bring price up.
Do you think all the big investors that are in for hundreds of ks did not do due diligence?
The problem is with some small letter somewhere that needs amending.
Just imagine they did not suspend, the price would have tanked with so much scaremongering.
The domain im looking at is http://www.seawave-invest.com/
Domain was first registered on Registered On 2017-01-05
Domain registration Expires On 2021-01-05, is the SSL certificate what has expired, hence the warning you get.
The question is how the regulator let them release an RNS with those terms.
The certificate has expired, not the domain.
Also, anything that goes on a RNS "is true"
The regulators check the claims and run all the paperwork, there has to be a loan in place otherwise you just cannot trust AIM at all.
The responsible ultimately is the regulator, otherwise the system cannot function.
For as long as they dont question "the loan"
If is terms and conditions i dont care, we take a hit and go up.
If is the existance of the loan then we are fekd.
I created a group in telegram to discuss:
https://t.me/LEKOIL
Maybe not, the question is how much they will pay. Min 6p? Honest question
For me this trade is worth a punt. 2k in, forget about it and next time you look, pam! I can pay the taxman with the profit.
This is a clear example of get in the low and sell on the very high :D
White and in bottle what it is? 15p
Is this guy is in the board, the board is ****ed.
Is all about disrupting the board for his own profit.
Report lets move on.
I know because my finger was hovering on the buy at 8.2 and then i though "you have enough" let it be.
Daaammm
You must be kicking yourself now.