Member Info for Shortarm

Response from Rob on ADVFN to Magnastrangeboy

July 27, 2024

Kefi response at the time.

Q41: The media story in Ethiopian Reporter on 27 July 2024 was worrying,

suggesting that our licence is being threatened by the Minister who was

previously dismissed or his successor. Please explain why we should not be

concerned.

We issued an RNS today 29 July which is obviously factual. And it is obvious the

media report you refer to was not based on fact.

....

Its old "news" that has already been discredited months ago. A bit like the sources for the "news".

Jeez, scaremongering attempt! If you did not realise that is a standard paragraph then ..........

.

This is last years interims:

We draw attention to the financial statements, which indicate that the Group incurred a net loss of £3,416,000 (2022: loss of £2,894,000) during the period ended 30 June 2023 and, as of that date, the Group's current liabilities exceeded its current assets. As stated in this note events or conditions, along with other matters as set forth in this note, indicate that a material uncertainty exists that may cast significant doubt on the Group's ability to continue as a going concern.

The assessment of the Group's ability to continue as a going concern involves judgment regarding future funding available for the development of the Tulu Kapi Gold project, exploration of the Saudi Arabia exploration properties and for working capital requirements. In considering the Group's ability to continue as a Going Concern, management have considered funds on hand at the date of approval of the financial statements, planned expenditures covering a period of at least 12 months from the date of approving these financial statements and the Group's strategic objectives as part of this assessment.

Ten percenters getting 11 percent from the placing price lol.

Onwards and upwards - Still we rise :-D

Bid keeps rising so I don't think so?

Up on high volume, drifting at the moment on low volume.

Looking good to me :-)

Of both trades and posts today!!

Nearer to the news of Kefi's lifetime!

All kick off tomorrow with a load of T10's and T20's?

Or dare people wait until next week?

For this to start taking off now!

Now running at 50 trucks a day, 40 tonnes a truck?

200 tonnes of high grade ore per day?

Thecondormuppet copied that directly from another hater over on ADVFN.

You have inside information?? "except for the little ore that has been trucked."

Harry was already wealthy from re-starting the Rio Tinto mine. And Venus minerals etc...

Seeing as we are talking about cars, my first at 17 was a Lada 1600 with a Weber carb and Janspeed exhaust.

Funniest machine was a TVR Cerbera 4.2 in my early twenties before spending all my money racing cars..... (4 one make series and some wins in all of them!)

Stick with AAU and ignore the old fellas, they love a good moan!

The last good run was from under 1p to over 6p, the next one will be from 2p to over 10p.

The fact Manu allegedly 'holds four shares' tells you all you need to know!

Pedantic and sans pot (to pi 55 in!)

Erm, I work on a contract for the military of a country I am not a citizen of..... So not that old at all! Just feel it :-P

And for safety we still have income from Turkey.

Salinbas is still there, WTR has an option on a mine, copper in Cyprus etc!

Hundred thousand ounces at AISC 1100 ish means 120 million dollars a year profit. P/E 5 to 10 would be 600M to 1,2B MCAP, sounds worth waiting for?

John, first ten million at under a penny. Then sold several million at just over 5 p. Unfortunately bought them back just under 5p and all the way down to 1.5p.

They would have to do a lot to upset me! Do you consider Kerim a ramper when he says 'company maker' - he has never been accused of that one before!