The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Giving an update on how the retail side of the placing went.
Current trading and outlook
The Company's unaudited cash balance as at 14 September 2023 is approximately €1.3 million. As a result of delays during the drilling of the well, final well costs are expected to exceed pre-drill estimates, however the Company is in ongoing discussions with several contractors in relation to such additional costs.
Did not say there is a problem with contractors at the moment, however, the is a chance of this. It depends on how charitable they will be?!?
Did not come out sooner this week it would have saved people a lot of dosh!
Never mind, they may have an opportunity of averaging down for a lot less... time will tell, of course.
Including the new placing and that's just for starters. If a deal cannot be struck with contractors, we could be looking at a possibility of another placing?
No wonder the sp has been taking a dive!!!
Interesting few days ahead.
Harry says "The equity was put together at the subsidiary and project level."
How less dilutive?!
What impact will be on the sp?!
Eldave. I have watched that video. I was truly impressed. It just shows what a great relationship he has with Ethiopia per se.
This could be the start of greater things to come with other mines being handled by KEFI there?
As Harry has always said 'First cab off the rank!'
Al systems are go!!
I hope I don't lose my shirt! ;)
I must be the largest holder on these boards.
I think Harry had to hold back a bit as I am sure he wanted to say that it is as good as done.
Our fortunes are about to change 'imminently.'. This time I feel it does mean that!
Don't normally get excited over the webinars, however, Harry did not have to mention the fact that he had a thumbs up fro all points from the Bank.
Could this now be the catalyst that finance could be just around the corner.
Didn't you filturd me?
The spread would have killed it imho
Nearly 7,000,000 sold around 30 mins ago. Don't think much of a mistake do you.
Obviously the wise protecting their investment
"Notice that the presentation on Saudi was given on the 29 of august looks like a dry run for the Analyst webinar."
Yet another red flag about a possible placing?
All the signs were there, we just had to look for them. Having rose-colored tinties doesn't help.
The SA funding issue concerns me more after today's RNS. The TK delays have forced Kefi's hand a lot sooner than expected. As usual shareholders will pay in the end.
I suppose that with an addition 2 mines coming onboard, so five in total. they could sell to raise funds. They would be unwise to do this considering the potential as losing our percentage would be a big loss. Having said that, having a smaller percentage but higher revenues in the future is the way forward, I guess. More important to get them up and running in the short term.
That statement was mentioned quite early on in the RNS, well spotted.
Is this why sp being held back?
As the days or weeks drag on.
Not impressed. Perhaps they were expecting a better update like many.
Discussions, discussions.
All the fckin' discussions should have all been done ages ago. They should be signing now!!