Member Info for SB_1964

Many thanks NickE

Okay so no names directly mentioned, but Kefi is getting heavily referenced here

Ethiopia’s biggest export in the making (even before Gold taking off from $1600)

Further… FDD is nearly always carried out by a top 5/6 firm, especially on a deal of this size and nature.

They will not do the work twice (or more) for each co-lender.

Same with asset valuations. It’s one piece of work and the output is shared.

Hi Catbert

In club deals (senior debt-provider syndicates) underwriting & credit functions do rely upon elements of common DD & FDD (Financial Due Diligence) for example - external valuations and reports. These might be addressed separately to both lenders, but would in fact be the same piece of work.

I have done this many times in practice, and also conferred directly with co-lenders to confirm a mutual understanding of same.

I do recall HAA detailing something along these lines on an investor presentation.

Hopefully we will hear something soon.

GLA.

I'm about where you're at Mafs.. for me that's a significant investment - I'm not a high roller by any stretch.

My niggling doubt remains - The lead bank credit committee approved their piece on the 10th January, and here we are (3 long months later) with a second bank syndicate member (relying upon the same DD, done at the same time) STILL unable to make a decision. To me, that smells off.

I'm sure we'll get some form of indication shortly... but Jeeeez it's very, very painful (like everything else with HAA's name on it)

Agreed Rob… this will generate its own momentum once that second bank gets over the line. It is taking a long time..

There is a huge amount to look forward to, and it will speak for itself when the brakes are off.

Genuine curiosity.. nothing more.

Thanks Rob. Some of your posts are relevant and helpful, grateful for those.

Some are however, hugely left field and grasping at straws for the sake of it.

IMHO… good luck

Thats just me being honest.

Hi Rob

I maintain that your level of detailed posting is abnormal, to put it mildly. It’s forensic and it’s never-ending.

It is time for you to level with this group of people and answer one simple question.

Are you being paid to post this stuff? or do you have some form of commercial gain in doing so?

Otherwise, I scratch my head in wonder.

Please provide a succinct and straight reply.

Zero cut & paste ballox needed, thanks

Yep

If you’re on the inside and know there’s a takeover on the horizon.. what do you do?

You buy as many shares in the target co as you can

Well said Fantasy..

If you can’t get a deal done NOW.. you never will..

Harry has an answer for everything, it’s normally short, lacks detail and is condescending in nature.

The DD shared by both banks is out of date, and still no credit decision. That’s bizarre.

I think they are trying to slot in an alternative second fiddle on the debt piece, and that player is playing catch up.

Why else would this drag on & on?

J’espair with HAA

You can fool

Some of the people some of the time - and all that.

Harry has a serious reckoning coming up..

He is big plane with a short runway - the guy with all the chat with the girls, but a small weeny..: a guy with an ego that the truth can’t cash..

Deliver or have the decency to FRO…

Well.. I guess that the Suez Canal did make Africa an island (ish) but Ethiopia is land locked!!!!

Probably the daftest Q&A question ever…:

Aside to the obvious value creation & acceleration.. look at the board demographics of Kefi - they all need a big cheque, a big chair and a respectable exit.

It’s tired talent.. it’s gone about as far as it can go.. it needs a huge shot of capital and new blood.

The best thing about Kefi is the hard assets..

Sell and take the certainty.

Agreed Four (sorry Five) Candles… agreed 100%

DVH even!!!! sorry :-)

DVD… someone will buy this early, on that premise.

The price will have to compensate for lack of future earnings..

dvh you make a valid point... haa has bu11****ted and over-promised for so long now that the shares will be handed down to the next generation..

The market makers are a party to a sale & purchase agreement, which sets the market price..

It could just as easily be Daffy Duck sells to Linda Lovelace

All very interesting, but the price isn’t interested in the details of the seller and the buyer.

Price is price and a trade is a trade

Without wishing to state the massively obvious.. every “sale & purchase” agreement (deal/transaction) in history to date involves both a buyer and a seller.

Where you feature on either side is irrelevant -

Whether your buy shows as a sell or vice versa is irrelevant.

Every seller joins the market by securing a buyer.

You can stop hypothesising as to whether you were a buyer or a seller, because either way… you were (at that moment in time) one side of a trade that required both in equal measure.

It doesn’t matter.

I can see this peaking as a 6-7 bagger before y/e IF everything goes to plan from here, and we do indeed go into H2-24 with TK closed out...

Agreed Luthee.. the aspiration is more believable & detailed now, and the timing is still focused on 1H-24 which is realistic.

I’m not a big fan of how this has been handled historically (far from it) but the current indications are realistic and backed by a solid, commercial narrative.

Average of 1.6p Sharezy.. bought dips subsequently.

I do actually believe that we will get going with this .. and the assets are undeniable

HOWEVER - the way in which this has been handled has been atrocious. It’s been a constant massively over-promise and under deliver merry go round.