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I think the project Furnace is fuelled by the burning of £20 notes.
Seriously, it is shocking how quickly the company burnt through the last placing funds.
No sizeable contracts have been announced so the next placing won't be far away no matter what happens with Solarwinds.
The company can't wait until it's down to its last £100k before acting but who is going to support it this time after another year of non-delivery.

Probably insiders have got wind of some bad news before it is released to the market. These AUM listed oil stocks seem so leaky these days.

I still think the company has a lot to prove and I'm sceptical it will be able to grow its sales to a more satisfactory level.

I remember watching an interview with the COO back in April and he said the company was close to achieving 50kt of sales. Today we find out it has taken until the end of this year to achieve that figure so why are they very behind and I wonder what makes them think that next year won't be another disappointing year for sales?

The bank financing makes Tulu Kapi worth far more to Kefi. The SP should continue to rise on the back of today's RNS

Looks like Lanstead are still selling down its holding

Excellent news today. A lower cost of capital substantially increases the value of the Tulu Kapi project which means the share price is even more ridiculously undervalued.

This will take years to play out so I guess it is one for those with lots of patience.
There's lots of hot money invested now so it's likely to drift down whilst the traders exit.
Those who are willing to hold it long-term are likely to get a better entry price by waiting.

I suspect some institutions are now interested in Kefi as it is about to start the mine development stage. I suspect they will wait until funds have been received and will then take positions

My average is quite a bit north of the current share price so hopefully it will get back up there again. I think it nearly hit 200p during the last phase III trial so the potential is certainly there.

Thank you Bermuda, as you know I value your opinion very highly. I'm glad you're so confident this is a good deal for the company and will hang on tightly to my shares.

I was hoping for much better, Bermuda. I thought they would at least get some money upfront for giving away the US rights to Lupuzor but this deal brings nothing unless the trial is successful which could be two years away. The company has to fund itself until then and the cash burn is high.

IMM is giving up too much of the potential value in Lupuzor. The US is potentially by far the biggest market for the drug and if it is approved the CNRS will be the main beneficiary not IMM:
"Through this partnership, CNRS will be entitled to receive from ImmuPharma, low double-digit royalty payments of monies received by ImmuPharma from Avion through the Licence and Development Agreement."
I guess there wasn't a better deal on the table but I think IMM would have done better to have raised funds for another phase III trial itself. No deal is better than a bad deal.

Best time of year to be invested in WSG. Long-term shareholders know PF is generous with his Xmas presents. I'm expecting more than one this year and we may even get something for Thanksgiving ;-)

People use TA to try and manipulate the share price. They try and induce weak holders into selling so that can buy the shares at a lower price.

Perhaps COIL is selling some of his shares to fund his participation in the UJO placing

The whole placing system needs to change as the way it is set up means private investors and long term shareholders get shafted. I think we need to move to the Australian system where trading in a company's shares get suspended before the company arranges a fundraise.

There is a new potential leak that is doing the rounds so it will be interesting to see if we get an announcement shortly.

The Great Oil And Gas Swindle!

EUA shareholders were asking the same question a month or two ago when the market cap was around £12million and now it's around $100 million. It didn't take long to get there and the same could easily happen with KEFI.

Well spotted, the award of the EPC contract to build the mine shows that the project is going ahead and the funds should be received any day now.

Yup, can see it steadily grinding higher until the Tema contract RNS when we'll get another spike. I'm also confident we'll get some good news on another front before Xmas.