RE: Pain and Gain?8 Jul 2025 09:42
So had a very interesting conversation last night with a source (extremely reliable) who has just been dealing with Oak Securities and our Kam and it seems the reason for the whole breakdown in funds has nothing to do with them finding out about a skeleton in the closet or something wrong with the figures or anything that was ked up on their DD, the reason seems to be the Saudi Investor didn't realise there anonymity wouldn't be protected as they would be over the 10% holding and therefore have to repost EWR inline with the TSX rules. I am not sure if they are trying to sort a work around ... split the purchase into different vehicles to remain below the reporting threshold or what but this same person knows Kam and was also offered and investment from him and he said let's see the money apparently but they then also did get investment $16mln from Oak Securities (let's hope this money wasn't the money that was originally earmarked for us) If they was interested at 20.5p you would assume they would still be at 13.5p so maybe they come on for 9% should give us enough to finish Cas4 maybe !