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Well said xxnjr.

JTWAT had some of my posts removed in the past. He/She/it can dish it out but can't take it. Tells you all you need to know.

Does anyone know when/if those warrants were due to expire? Maybe they were just taking up the option while they still could?

I still haven't ruled out Harry doing a little raise on sign-off, because it might be a 'good time' to get one out of the way, but I think the exercising several warrants lately makes that less likely. We shall see...

My fears too, Glowacki. I'm not convinced we will even see 30p now.

There's information on Prax's web site:

https://www.prax.com/information-for-holders-of-dcus/

Nothing received here either. I'm with II.

So what will now happen to the tax credits? Wasn't that a major part of HUR/Prax deal?

I'm loaded up here and currently up about 150%, but struggling to keep my finger off the Sell button. I'm off work today as well so need to find a distraction to prevent me doing something stupid!

However, there was something right at the end of Thursday's RNS that I couldn't understand or explain:

"The Company expects to convene a general meeting of shareholders in November 2025 to approve certain elements of the Tulu Kapi project finance package requiring shareholder approval, such as the debt package requiring approval under KEFI's Articles of Association. Further details will be announced in due course."

So does that mean KEFI won't get any money until AFTER the November meeting, and so won't be able to start any major works until then? Or maybe it's just dotting a couple of Is and crossing a couple of Ts? Can anyone explain what it might mean?

Any help appreciated.

DonkeyHotay,

Normally I would agree with your sentiment. I don't usually filter but there are times when that, unfortunately, is a necessity. Mr HumblePie and GetbilBreath are not here to offer anything useful to anyone but themselves. They are simply narcissistic attention-seekers who clutter up the board with nothing of any value. Simply opinions or conjecture, with no data or evidence of research to back it up. It's not a case of shutting down opposing opinions, it's simply a matter of filtering out the wheat from the chaff.

The reason I don't post much on here is that I have nothing to add to the discussion. There are others far more up to speed on the ins and outs of KEFI, who have been here far longer than I have, and some of them offer well researched, intelligent analysis from time to time. That research may be negative or positive, but I am thankful for it regardless, just as long as it stands up to the sniff test. Unfortunately most of the guff coming out of Humble and Gerbil is nothing of the sort. And even if it was there is so much of it to go through it probably wouldn't be worth the effort. So for me, this board makes far more sense with them on filter.

Good Luck.

Isn't it funny how recollections of significant past events vary depending on your political viewpoint.

The GFC as they likes to call it happened on Gordon Brown's watch. He was Chancellor in the period leading up to it, with overall responsibility for regulation of the financial sector. So why didn't he put a stop to it before it all went Pete Tong? What he did instead was reap the benefits (the tax receipts, which we all know Labour love so much) while telling us how well the economy was doing. And that term, Global Financial Crisis. How convenient. It makes it sound like it was all someone else's fault. It's a funny old game politics.

As you've probably gathered I'm no fan of Gordon Brown. In fact that's quite an understatement! But there is one thing he definitely deserves credit for: keeping the UK out of the euro. If Blair had had is own way we would have been signed up to that disaster of a project.

Thanks Gordon!

OK, thanks Openpit.

Thanks cutandpolished61.

I'll admit I don't fully understand it tbh. It's still dilution, albeit at the subsidiary level (TKGM), and that will impact the parent company (KEFI). It's the only concern I have and it's stopping me increasing my holding in KEFI.

Guess I need to do a little more research.

Thanks.

A genuine question. I have watched the video and it looks good. I have one outstanding worry though:

There is a lot of mention about equity finance, with around $60m (apparently already oversubscribed) outstanding. Is this finance to be paid for by issuing new shares to that value? Or am I looking at that in the wrong way? $60m at the current SP represents almost 60% of KEFIs market cap, so that would represent a very heavy dilution to us if that's what is being implied.

Can anyone please clarify exactly what equity finance means?

Thanks.

Just put the prick on filter.

As long as no-one responds to him/her/it they will hopefully move on to annoy some other board and leave all genuine investors here alone.

No doubt Perks will want to clear the decks so to speak, so there could be some short-term pain, but overall this has to be seen as positive. He certainly has an impressive track reccord. It makes you wonder why he would bother with a relative minnow like TLW? No doubt we'll find out soon enough.

Good to see no green boxes so far today. Too much good news for the likes of JCLOTH et al.

So does this mean (should the vote go through) that GSCU are fully funded for phase 3, without need for a further raise? If that's the case then this is good news, no?

Good luck in the new role Bob.

Thanks for all the posts. Very much appreciated.

I've never sat down and worked it all out, but I imagine quite a lot of the so-called 'gain' I have 'made' on my various properties over the years has been eaten up in mortgage costs. I'm sure a few of us here are old enough to remember when 10% plus was the norm for a mortgage interest rate, especially if like me you could just about scrape together the 5% deposit. Maybe it's the banks and building societies that should pay more tax?

What I do know, though, is that I have had to get up very early on many mornings, and work my butt off, to pay that mortgage. So whatever 'gains' are left over for me have certainly been hard-earned and by (I like to think) doing things the right way.

I hope not but I think we may be seeing something very different from what has gone before in respect to taxation in the UK.

Correct me if I'm wrong but we have never before been taxed for just owning something, be that property, valuables or money. If Rachel from Complaints does what it seems she might, then there is a fundamental change coming. Up until now tax has only ever been collected when a transfer has taken place. Be that the purchase of goods (VAT and other duties), a house (stamp duty or CGT), earnings from work and investments (PAYE etc.), the list goes on, and on, and on...

Now, however, could we be taxed just because we own something? No transfer required. Taxed before we even realise any gains. I lived in Finland in the early noughties. They had a wealth tax at that time but have since seen sense and binned it. I hope the UK does not go down that road. We need to promote wealth creation, not punish it. Otherwise, what's the point of going to work in the morning?

I wonder what affect France's debt problems will have on the rest of the EU, particularly euro members? France is far more fortunate than us, paying well over a percentage less yield on its long-term debt - the euro effect. In fact all of the so-called PIIGS from the 2008 GFC now have lower debt yields than the UK. But that can't go on forever. Germany (reluctantly for them) seems to be propping up the rest, but how long can that continue? They aren't exactly firing on all cylinders at the moment either, and they too are set to borrow much more (albeit from a much lower base) to finance their increased defence spending. Up until now all eyes have been on the UK as the ugly duckling, but at least the UK has a central bank and so can control its own monetary policy. None of the euro area central banks can claim that. Are we about to see another sovereign debt crisis in Europe?

You missed a bit off the end of there UFTB.

DELETE: ".....There will be some members of that board who do not want the accounts published, a quick deal and then the slip away into the darkness".

INSERT ".....There will be some members of that board who do not want the accounts published, a quick deal and then the slip away into the darkness, with pensions and other benefits intact".

What's really going on here? Are SID seriously going to be allowed to take this without any accounts being published? How can that be legal? I thought we owned this company. Silly me....

Could LGEN be a takeover target? Or maybe other UK insurers?

I'm a bit of a sad git add tend to watch a bit of Bloomberg TV - well it beats the wokevision channels I suppose. I've now heard two comments about US money taking an interest in UK PRT business. Nothing specific, just off-the-cuff one-liners in general business discussions. But it does make me wonder where talk like that originates.

Anyone got any thoughts on an otherwise quiet Friday afternoon?

Shuttered hotel! Don't tell the government, they'll be shipping 'irregular' migrants into it.

Actually THG could make some money there...