Member Info for SB_1964

Stockready

Appreciating that you liked my post (thank you) I think we differ in view here.

Possibly our agendas are different. I am a long term investor, and you strike me as someone with a different angle maybe?
Are you shorting this?

My take on this is ultimately very positive actually, albeit with bad weather in the way currently... and a CEO who has "faffed" when a stronger character would have got this done "by hell or hard water".

I will wait this out, as I think it will be well worth it.

What will you do? assuming you actually have any skin in the game here? .. after all, and let's face it.. these BB's do seem to be quite full of opinionated, points scoring dildo's with no real world mates or hobbies....

Odd RNS... phrased as an update on the licence tenure, with zero update on the licence tenure.
Bumbling, cob webby stuff really... however, the underlying position just got better.

There is a way forward, and the MOM have effectively said, get this done FFS and we will retrospectively (or on a co terminus basis) sort the licence extension for you. But please stop arsing about, this has gone on WAY too long.. .

I'm pleased that Harry has just run out of the infinite supply of bluster & nonsense he has used ad infinitum to date.
He now needs to get this done, and stop the rambling crap and yet another "updated presentation" merry go round stupidity .

Also, he has 500,000 reasons to stop pi55ing about and (just for once) D-E-L-I-V-E-R !!!!!!

My money says this gets done.

Agreed.

I have an 'anagram app' on my iPhone for the Financial Times crossword (pink and hard in the morning), and I've just put in "Stockready1"

It has suitably suggested ; "Useless two faced tw4t best forgotten"

just the single spark? once in a while?

You normally agree with yourself on a public forum do you?
I can hear you trying to find reverse from here Fevertwat.. and I'm in QLD.
Suggest you decant yourself into a large gin, once and for all.. and fizz off somewhere else with your banal, incessant diatribe.

Thanks

I'm buying consistently at these levels.

We've lost a few more chicken livers.. great!!

They're heading back to "Managed Funds" (aka I've got no idea, I'm out of my depth, I'm incapable of thinking for myself, original thought escapes me, I cannot understand how market cap catches up with asset values over time, where's my Mum?)

I'm here. Forever.... or at least until we hit 30p. Then I will start selling..

I started off with 2% of this.. I've been diluted down to 0.5%.... I'm okay.. I'm a realist.

Absolutely nothing I've ever achieved of value in life has been remotely easy. Far from it..
The real great gains have been the hardest, and the most stressful.

Stands to reason..

If it was easy, every muppet would do it... and everyone would be fat, happy and loaded.
They're not.

The stuff that makes you strong, and wealthy.. and stand out from the 'also rans'.... is not at all easy.

I'm in. I'm staying in...
This is happening despite all the unsettling ' to and fro'...

Keep strong, block out the numpties and hold for gold (& shed loads of copper)

I'm very happy with that presentation. A good effort from HAA.

Lots of 'could do better armchair experts on here' (as in all things..) but realistically, we are in quite good hands and have much to look forward to in the short term, mainly re TK.
The delays are simply not for our account, and anyone blaming the Kefi senior team for this is slightly deranged, or just plain dopey.

Hawiah will be very significant, but comes at a price.. that price being time.
I'm okay with that. I don't trade, short or make knee jerk decisions. I am a long term investor.

Selling lollies on the beach will NOT fix this vast fiscal mess.

This is seriously bad news for future Bahamian generations.

This mess needs a massively hard-core solution.. and frankly, it is NOT going to be anything other than a gargantuan oil find and the very significant royalties that generates.

I'd love a solution involving lettuce and smiles, but that's a pipe dream with a bad ending for the young people of this nation.

Let's be straight here.. these huge oil finds are near CUBA, not the Bahamas.....

A reality check is very badly needed here.... and the answer is get this in play as soon as bloody possible... throw everything you have at it quickly.

you talk too much FeverMan

Dear Stock ready

When funding is credit approved and (as such) formal... unequivocally , you don't have to worry about "terms & conditions" because the money is "there".. it is set aside.. it is COMMITTED - you seem be struggling with this concept.

The WHOLE point here is "IT CAN BE RELIED UPON"

Are you any clearer?

..you still waffle in ignorance around "terms & conditions"

THERE AREN'T ANY YOU PRAT... ITS DONE!!!!

My apologies.
The second set of Conditions (2.)) referred to below should read - "Conditions Subsequent (CS's)"

Thanks

I have 37 years in banking M&A.

The narrative re Senior Debt has changed, as some have picked up.

This was (to my knowledge) the first time Harry advised of formal "Credit Committee Approval" for the syndicated term piece.
Prior to this it has been "Term Sheet Received" - BIG BIG difference.

For those not familiar with the banking landscape, let me clarify.

A Term Sheet is issued on the back of tentative board approval, typically on the back of a short credit paper, reviewed early doors by credit/the board. This will be subject to third party;

1.) Asset Valuations
2.) Due Diligence (DD)
3.) Financial Due Diligence (FDD)

Once all of this has been achieved successfully, the output from the above is then passed to the Underwriting function, who will draft a full Credit Memorandum for full/fiinalCredit/Board sign off.
Only then (if the bank/s are completely happy) will you get a formal offer of facilities i.e. Final Credit Approval.

This is where we are now.

The Formal Offer will set out all the terms, conditions, pricing etc, and is 100% 'board ratified' i.e. it is hard wired to the transfer of funds.

The offer will contain;

1.) Conditions Precedent (CP's) - being matters needing attending to prior to funding. Typically this is "sight, of and satisfaction with" and relates to conditionality and covenant satisfaction. This is pre financial close stuff and the norm.

2.) Conditions Precedent (CP's) - being matters that can be formalised within a certain timescale following project/financial close. This usually relates to the provision of management accounts, revised valuations against things yet to occur etc. It is post deal housekeeping and needs attending to as its geared to deal covenants, which you do not want to breach .

For me, this confirmation and narrative from Harry means more than anything we have heard this year.

To also have board approval from the principal equity piece (which would have been a co-terminus decision in parallel with the term debt offer) is hugely encouraging.
The rest is easy, as all parties know the 2 main elements of the overall project finance structure are nailed on.

Looks like October is going to be one heck of a month for shareholders.

GLA.

Starchild

I don't post much, but I have a significant position here.
Ironically I sold BPC and bought CERP. Then found myself back in BPC and latterly CEG.

It's been a journey, but there is a way forward here. That's okay with me. I have time.

Your posts are sound, and I commend you for the strength of character you show, when attacked by those who chose to criticise, smirk, pi55 take and generally kick those of us who at least have the ba11s to have a go.

Keep up the good work. Many people appreciate your input. I know I do.

The world is increasingly full of anonymous, cowardly, spineless, mind numbing, banal, turds who pick a fight with everyone, because they have an empty life to fill.

For!!!!!!! Jeeeez...

For many here, this is a serious venture... it has the potential to properly reward the patience of PI's who have invested heavily into Kefi.

I have personally (rightly or wrongly) put a very considerable amount of my savings into this.
That money will pay for a better retirement or my wife and I than otherwise, and will be the legacy for my family when I'm gone.

I'm pleased that the last two days have been devoid of a placing. That adds weight to the momentum..

There are a few tedious jokers on here, who just don't resonate with decent investors. its all a good game..

Take your Jackanory comment and stick it up your lightweight a*se frankly.. and have some respect.

I respect Harry for what he is endeavouring to achieve here. Hr has more spine that most of the cheap shot to55ers on this board.

what do you make of the detailed sources & uses held within the RNS brain's_parked?

rest my case (and have 5 times that)

This deal has many, many moving parts financially, across syndicated senior debt, junior (mezz) debt and equity.. plus off take.

What Harry has pulled together here is nothing short of amazing, as this also brings in local investors.
It's brilliant, and it's happening.. get used to it.

Anyone who posts banal nonsense today, about "another delay" or similar is either;

a) nursing a short position about to be blown spectacularly out of the water, or
b) is currently enjoying mind altering medication

I have asked if this 'temporary' cessation of asset backed lending by Ethiopian banks (an NBE directive) will in any way affect financial close for TKGM?

Whilst the two main senior lenders are not Ethiopian, there may be implications, and we should know..