Member Info for Serendipidity

Well after 3 weeks of officially complaining and threatening the FOS they finally sorted it and I have 1.3m of ASX shares in my IB account.

Link to HotCopper - seems decent

https://hotcopper.com.au/asx/arv/discussion/

I have patiently for my shares to transfer to ASX but it still isn't done.

I contacted IB six weeks ago to enquire what was going on, and lodged a formal complaint.

They have been useless saying they can't transfer the shares to ASX probably because UK is CREST and Australia is CHESS.

They also say I cannot trade the shares - obviously. They sit there stuck

I will now take this to FOS but has anyoen experienced the same? Can I transfer to HL or someone else and they perform the transfer?

thanks

Still waiting for IB to reflect

And SP down 16%, need some news to maintain momentum

Good grief, if an investor wants to take some profit good on them. This should be at 540p in line with ASX given the POG.

If it’s flat because a few commentators have top sliced it shows what a farce this AIM listing is.

Suspect it will tick up this afternoon

Free cash flow and a loan, why do we need the loan given Telfer cash flow?

$1,065m pre-production capex expected to be fully funded from existing $750m cash, ongoing Telfer cash flows and $500m debt commitment from Tier 1 lending syndicate5”

“Our board must have concluded Hav study is positive and on track with market expectations.”

So all priced in to current SP?

What is going to get this moving back to 430 and beyond please?

God knows why IG is relevant, other brokers like HL are readily quoting to buy or sell

Why is it nonsense please diggit?

So £70k salary plus £160k bonus.

Salary seems low, what was the hurdle to get a 200%+ bonus ?

Sounds like a good thing, are the board here getting paid excessively? They should be taking minimum salaries in a pre-revenue company like this IMO but with high share incentives

What is up with the comprehension skills here?

Rotating to gold from tech means buying gold selling tech surely!

No it doesn’t, it explains somewhat why the SP is where it is.

I was invested but sold out in October (at 36.2) as things seem to be taking too long, and possibly like some other PIs I went into BRES and JAN and MILA.

This is still on my watchlist but I am wary of miners that over promise and under deliver. I might miss a big jump here but might consider re-investing if not

Why strange?

Gold future down and 379p equates to 7.68 AUD, bang on where they are

AIM is somewhat regulated by the FCA, eg market abuse regs still apply, but regulation is much lighter touch.

This is deliberate to allow small companies to not have the huge regulation burden and cost of main markets.

Companies choose to list on AIM to save costs, quite a few wouldn’t launch otherwise.

Thanks Stebo - that is helpful

Once again I know the TK project is fully funded.

Assuming $6M in the bank and £1m pa KEFI parent costs it looks like no further raise is necessary at group level, unless KEFI needs to fund SA projects to maintain its share.

Who are the "success fees" payable to?

Opex not open

Fantasy - thanks but that was not the question, I was talking about the parent entity not the mine

Simms - thanks exactly what I was after. I know all mining costs will now be borne by the TK subsidiary, I am talking about the costs of KEFI board and employees and their open, legal costs etc - which thankfully you understood. Yes it will be much smaller but those directors still need to get paid eg Harry’s 500k bonus.

“we are owed $10-$20m in sweat equity not currently converted into equity”

This was what I was driving at, where is this documented? Is this separate from the 20% share of the 100m equity?

TIA

Nice RNS to formally confirm what we already know.

Can someone clarify a few things for me:

1. How much cash does KEFI currently have vs burn rate for two years till mine is live, ie are we fully funded to revenue production?

2. There was talk of KEFI getting refunded its exploration costs via cash or equity, and I was thinking that would be an inflow of cash to help fully fund the parent through to mining, without a raise. Is this the case?

3. Or has the “refund” already been taken by KEFI in the form of the 10m equity interest we invested in the subsidiary ?

4. What is this please?

“ c.US$10 million of KEFI share participation post-closing in respect of certain closing fees and costs.”

Presenting DFS on 2/4 Dec so we know it’s imminent