focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
DT have bought back 13,131,925 shares to date at an average price of 261.1796p and spent a total of £34,297,910.
The rate of buyback has slowed significantly in the last 10 days
They still have £40.7M left in the buyback fund.
I expect DBay will offload a big chunk of their shares at the right price when the time comes, like before.
Still watching.
Hi Leedsman,
Do you mean the overall volume or the buyback volume? Sorry, not been following progress of the 2nd buyback so not sure how that's going, or what difference it might be making (to the SP).
Not invested here at the moment but still watching.
About as interesting i.e. not very ;-)
Still watching here but can't believe there's been no significant movement in SP; LDG/DBay seem to be investing wisely, the buyback is ongoing and yet..... nothing.
It's an odd one for sure.
As of this morning they have bought back 11,934,511 shares at an av. price of 257.8442, and spent £30,772,438.
They still have over £44M in the buyback chest so looks like this will continue for some time yet.
I'm not currently invested here - wishing I was now over £3 - but still watching and monitoring the buyback progress, so I'll continue to update. I may buy in again if funds allow and the price is right :-)
Nice recovery of SP today following on from the RAB sell off, should definitely be holding above 1p now the umbrella agreement has been signed, rude not to.
Look forward to more news soon, hope we don't have to wait toooooo long :-)
I don't post too much therefore I have no ego!
Nice to see the SP rally today, shame it drifted off a bit after the post-lunch highs.
Clearly something brewing judging by all the info provided here this week (thank you all) and hopefully we get firm news soon so we know exactly what is going on.
@ Fantasy - thank you, yes I have to admit the world of big financing is a bit of a mystery to me, and having read the RNS I did understand that the money wasn't in the bank just yet and there is still much work for Harry & co to do, however I was under the impression from many on here - wrongly now it seems - that this would see 1.5p merely on TK sign off.
That would have been nice but I can see why it hasn't happened and will now wait patiently for further progress towards funding, mine construction etc. and see what happens when news arrives.
And thank you for your pleasant, informative and helpful post, unlike another poster on here.
@ Bear666
Well that's not very pleasant and completely uncalled for. I have posted 6 times here today, I'd hardly call that "on a roll" and certainly NOT deramping whatever you may think.
I'm merely posting my thoughts/opinion on the situation as I see it which I am fully entitled to do - as are you - and I have never stooped so low as to call any other poster a ramper or deramper or throw abuse at them, there's simply no need for it. Anyone who wants to can trawl though my LSE posts and will see I am not like that.
We'd all like to "get rich quick" who wouldn't? but I'm also a realist and have already been invested here and in other stocks, one way or another, for a good 7-10 years, more so in the last 3 or 4 so still learning.
I have traded in & out of KEFI for a few years and currently hold 700,000 shares; that may not be huge but it is relative to my PF.
Why wouldn't I want the SP to flourish?
Thank you to the other posters here who I have been able to enjoy communicating with in a friendly and pleasant manner.
I thought we'd see this rise sharply on TK sign off? Where are all those posters that said this would easily be 1.5p once we had TK sign off? Nowhere to be seen.
Unbelievable we are back below 1p, simply no logic to that at all. Wishing now I hadn't loaded up yesterday :-(
Guess all we can do now is wait - again - for further news and positive action from KEFI?
Jeez.......
@Simm45 - I think I'm right in saying the warrants are triggered at 2.4p (or above, for 5 days) discounted to 1.6p.
And KEFI need the warrants exercised to provide further funding:
"To complement the equity funding by local partners into TKGM and regional investors into KME, KEFI considers that the potential exercise of existing KEFI warrants will complete the required equity requirement and will leave KEFI with an economic interest of 70-80% in TKGM".
2.4p is a long way off yet, still plenty for Harry & co to do.
At last we have something we've all been waiting for, some a lot longer than others - an RNS stating that the Final Tulu Kapi Umbrella Agreement has been signed.
We all hoped it would happen but couldn't be sure, there have been so many delays, can kicks and bumps in the road, but now it has.
But seems we're not quite there yet; I've read the RNS several times (I might even frame it and put it on the wall!) and there's a fair bit I don't fully understand, but sounds like still a lot of work to be done before they get anywhere near the gold.
Let's hope it all progresses smoothly and with good updates from here, it's going to be an interesting journey for sure.
Well done Harry & team, and good luck everyone.
The revenue stream in 2023 will be £1,800 billion?
£1,800 million possibly.