Member Info for Olmsey

Love your Logic Tintin

The Banks are down 5% so smaller caps get hammered. Its just the market today. Wish I had the cash to buy more!

GVS from Wiki - "Thomas John Zacchaeus Winnifrith (born January 1968) is a British journalist, share tipster and former fund manager."
He does bearcast and also Hot Shot Rockets tip sites amongst others. He has tipped Kefi previously and seems to have a direct hotline to HAA so just calls him for updates. So whoever subscribes to his tip sites gets "new" info

Another one at 15.33

Just topped up. GLA

I stand corrected. 25/10 presentation at 33 mins 30 secs ish.

SB you are right to question. It's a derivative from "mid month" that someone on here has made up and then people pick up on it. For HAA I suspect he means 22nd to 25th. Everything else is end of month

Tintin meant the previous placement

What was his starting price?

Investor Warrants and Warrant Trigger Event
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").

On the Warrants I thought the share price had to go above 2.4 for 5 days before they could be exercised. Will have a dig around on this.

Love it Chadster!!

Thanks Rob for the transcript. I watched it as well. Couple of observations from me (and I'm long on this stock and my average is over 1p);

1) The comment about dollar market cap and 200 ounces. It was conveniently not corrected/clarified. Kefi do not own 100% of TK . Same with Saudi. This could be very misleading to a new investor.
2) The Financial close will not be until Year end. He talks about "Term Sheets" by mid November. As a banker I know that "Term Sheets" are as valuable as a bus ticket. This is a shift from previous promises about financial close and a further can kick down the road. And nobody works beyond the second week in December so don't expect anything after that.

Please correct me if I'm wrong (not on point 1 because that is fact!)

Tommo your question is spot on. We've always been given the "we have enough to see us through to the Financial Close" but that has now moved by two weeks.

In addition what does actually happen to the cash position on Financial Close? It looks like all investment so far is being capitalised at Kefi's stake in the project but do they also get some cash out? If not then can they shift any Kefi overhead onto project overhead - probably yes but not HAA's wages!

So - Yes Tommo - What is their cash position and what is the cash burn? That's a major concern and needs transparency

The warrant holders wont exercise as the price is unattractive.

That link is an April 2022 press release.

Yes Tintin good call out. And also "HAS" been sent. Not "WILL"

With the 3 year it really depends if they underwrite it or just flog it fully underwritten (by someone else).

Hi Simms. To be fair we have been anchored to -.6 when all around has fallen heavily. It's one of my only stocks that has looked resilient recently!

Hi ElDave. The existing mine proposal has reg permission. It's ADDITIONAL exploration over and above that needs Reg permission. That really would be icing on the cake but the timing is not linked to the financing

BB switched to "Buy" yesterday so that may bring in some volume.