Member Info for Simms45

Looks like a strategic investor dipping their toe but really wished DP did not drag us so low but i suspect this restructure will clear the air and we should start to fly once they drop the interim update and Northfork launch. We can ask why now and not in a few weeks time but DP only knows that.

For those lucky to have been sitting on the wall now is probably not a bad time to buy in. I will learn my lessons for jumping in too soon but key is this is happening and todays market cap is laughably low. Gla

Https://www.londonstockexchange.com/news-article/KEFI/tulu-kapi-gold-project-update/16329335

We have had a pretty quiet period while Harry gets the second bank OTL. I presume meeting went positively and now waiting for official RNS to confirm we have the bank debt. I only hope all equity investors have had sight of final definitive agreements and any concerns raised and resolved so they can quickly lock everything in as soon as ink is dry on second bank. We might already have all definitive agreements signed and awaiting second bank. Just need to be a little more patient and investors will be rewarded. Anything under .6 is an incredible and probably life changing price to enter given the NPV of Ethiopia that is over 10 times todays market cap excluding another 10x on Saudi at least. Of course risks aplenty but opportunity for huge returns. Fla

Not a good day at the office for West Ham but 2p up on a monday morning feels like the week is starting on the right foot. Just home we crack 30p this week as he hit 35p and it does feel logical that one of these advanced discussions, meetings at Chinese embassy and Nic etc before christmas all comes to something. I still hold out for an all cash or share deal from a listed company. It is the year of the dragon!

How about we are just too cheap? it was cheap at 35p so 25p is a steal to some. most think sale will be 45-60p and i think something is likely to come on and possibly quite shortly.

Long way to go. Hopefully this time we will push through 35p as if the sale proceeds it should be well north of that. February could be the month!

Remember we are burning a relatively small $200k a month. We raised cash not so long ago and have short-term lending options. There is no need for a placing unless something holds up the H1 drawdown but nothing appears to be the case and we have plenty of warrants at 1.6 so Harry will be looking to bag those quickly to pump into Saudi. When we hit £150-£200m raising £10m not an issue, not least if we split Ethiopia from Saudi or get a secondary listing on Saudi.

Just a waiting game, however frustrating but we know TK will happen and the rest will be history when it does. Given everything that is going on in Ethiopia i am confident the pressure for the 2nd bank from the lead bank and Ethiopian government will help speed this along. I just hope everyone has as much as they can invested for the first week of takeoff once this gets resolved.

We must be very close. Certainly plenty of buying last few weeks and while we are still trading below book value why not. 45-60p was the general consensus on asset sale so from todays ridiculous 23p thats massive return for those just entering. For those invested for many many years hopefully breakeven or a little profit if they took advantage of some of the crazy lows.

Amazing news if Kefi met second bank last week and all on track. Could be RNS anytime really. Just a little longer and then we are in yhe home straight. Roll on next few weeks so we can move on!

We already have lead bank signoff for around 50% of the finance. We are now waiting in second bank to sihn off that should be in weeks giving us 70%. Equity investors have largely the final definitive agreements in sight. Kefi is burning only $200k a month as Artar has got our back in Saudi until TK is sorted. We have easily $1m-$3m of borrowing available to tide us over. If we get 2nd bank signoff we are into final furlong of equity investors who we are led are clambering over one another to get cash out of Ethiopia that has been locked up for decades. Harry expects to trigger warrants at 1.6p so we just need to wait. Painful as it is for everyone concerned but new investors i am very jealous of as they stand to make the largest returns while other pis have been led up and down the garden path but ultimately Harry has delivered just years behind his original plan.

Pretty hard to keep anything buttoned down i suspect in Nic but we are so undervalued there is around 10p uplift just for barely investment to date. An announcement could be anytime so friday or even after hours is quite possible. Lets hope the last 14 months can conclude this month.

Wow. back to where we were before the refinance announcement and partnership rns. i hope this update, due next week, is going to get this stock off the floor and start to build some momentum. Eqtec could be the biggest riser in 2024 if they do deliver for once as surely £4m market cap cannot go any lower if all the revenue they are generating and the refinance cash has come in. i topped up just around 2.8 but looks i was a little early but feel the update could easily bounce this back well past the recent high on news of Northfork and updates on all their other projects that have been limping to the finish line. The US market is massive so a lot is riding on Northfork. France seems to be the most credible and stable blockbuster project so that will be big news once we get the green light. Palumbo was buying some stock at 7p, albeit a very small amount. Even a rise to 20p is only .2p in old money or £40m market value? is 50p out of the question or £100m market cap by end of year out of question if things start to motor? that would be a 20x and does not seem out of reach of they deliver. buy while others are fearful comes to mind but at same time had my fingers burnt on this one with mismanagement but all the tech in the world cannot necessarily fix behind the scene schenanigans.

Yes. Last substantial rns was on 12th October 2022 and basically reads we refinanced the debt with new lender to ensure project made it to live.

announces that North Fork Community Power, LLC ("NFCP") has entered into an agreement for a financial restructuring with the project lenders ("Lenders"), for the provision of a standby facility, in the amount of USD 4.3 million, towards full funding of the project up to the commercial operations date ("COD") of a plant, with EQTEC technology at its core, in North Fork California, USA (the "Plant").

The third-party funding has been agreed as part of a pre-negotiated petition filed by NFCP for relief under Chapter 11 of the US Bankruptcy Code, following alignment between NFCP managing members, including the Company, with the Lenders. The agreed terms specify funding for the Plant construction and commissioning, and for recruitment, training and onboarding of the Plant operations staff, as well as for legal and other costs associated with the Chapter 11 process itself.

The terms also specify that the Company will remain as an equity shareholder in NFCP with the final shareholding being determined during the legal process. However, any further drawdown on the convertible loan facility committed by the Company in 2021, of which c. USD 1.5 million remains undrawn, will no longer apply thereby preserving the Company's financial resources. The Company has no plans to make any further investments into NFCP.

If Northfork gets commissioned in February this will be a major coup for Eqtec as it will give us the perfect case study to roll out to dozens of new locations in California with Phoenix. Eqtec have fully written off the investment so if we do end up with 49% of the project, which was the stake we had before it went into Chapter11 this will be a significant windfall. The last valuation of the project back in 2021 when they closed the finance was $20m so if we have maintained out stake that could be a valuation attributable to Eqtec of $10m. Furthermore this will be a profitable project delivering new income to Eqtec for the next 10 years as well as a service contract alongside upgrades to plant. Fingers crossed the update coming in next few days includes a lot more information as we are worth £4m so this single project alone could be worth double our market cap. i just do not know exactly what our stake is but if we only refinanced the debt and took no new investors onboard then this should be similar to before. If the moons align we could be a £50m company very shortly and todays valuation is simply a token number and nothing comparable to our valuation if things start to click.

Starting to see why watchlist take off with the likes of PHE and HE1. Looks like the stock market is looking again at crazily undervalued companies, easily 10x for all of these just to get to a low market cap. The big rerate is happening. those in PHE will probably know Eqtec but results due later this week and market cap of £4m having spent best part of £50m so plenty of upsde having once been a £250m mcap in its heyday. exciting times as the stock market relooks at a lot of companies that are 99% down but not out!

Another £100k of buying today. No sells. things look ready to pop and amazed has not already. Maybe people are thinking an announcement next week?

I think after some investors sold early in HE1 and missed the 10x in a week they will think twice about selling out of Kefi too quickly because what i am seeing is that companies who do eventually come up trumps after decades of disasters, not all their own making, the market see the line in the sand and start to take the company seriously and the valuation gets properly reviewed as any investor does when comparing their mining investments. With Kefi i think £150m valuation is not out of order once TK is moving properly (cash in the bank) and then some for when JQ is on the move. Hawiah will be bigger than all of these other projects and once the market accepts we are a real operational company than investors will start to look just how big and important that find might be. The best part is Artar will go all in and get it developed as fast as possible so for once Kefi can leave it to the billionaires to get this operational and i am ok with our 25% stake. I understand maybe 2-3 weeks for the second bank to signoff and then we have 70% of the funding sealed. That will only leave the equity investors to sign up and i hope they are all pretty close as the linear approach is really painful. i dont know why this all cant happen simultaneously so equity investors signed up subject to bank finance.

Steady buying all day today so pressure building nicely so surprised share price has not ticked up. Mako mining is digging up and finding more gold than it knows what to do with so even Mako could be a logical JV as they are generating good cash. Goes to show that Nicaragua is a very favourable gold mining juristiction as the cash generation of Calibre and Mako show foreign investors the way forward. https://www.streetinsider.com/Accesswire/Mako+Mining+Announces+Record+Q4+2023+Production+Results/22630135.html