Member Info for sixnoughts

By anyone's standards!

So many positives going forward with no selling of SA Assets and ratification near (trying not to say imminent lol)

The Market does not believe a word of it.

Is anybody happy with this performance?

The rest of tha paragraph that you posted, also says;

"Following this intended arrangement with BCM, the Company now has sufficient demand within the Project financing syndicate, which duly reinforces KEFI's confidence about closing the full financing. Once costings and final participations are finalised, KEFI will likewise finalise the scheduling of drawdown and disbursement by respective currency and party."

Wouldn't concern yourself too much.

Secret trader.

I can see same trades that were bought early and sold later. Covering both red and black so to speak. They wouldnt sell at a loss, so being shorted.

Nothing goes up in a straight line as we all know. Maybe Kefi now will be DIFFERENT.

The only shorts we'll be seeing will be on the beach!

Shorters are not stupid enough to be around..... or are they? Lol.

Secret Trader

I am of the same thought process.

I invested here primarily for Saudi. I am sure that many investors have too.

When Harry mentioned about a review of the S assets we could see many investors sold up.

We have found ourselves in a fortunate position where we can revisit whether the S assets should be sold or not.

If a placing of say 0.50 came about in order to keep the S assets yes it would be painful to face another placing. Would it really though.....the sp is not far off this now and has been for sometime.

I feel that it would be a small price to pay when you consider the value of those assets when in production and over their lifetime.

To find any negatives in the current RNS as this is getting ever so watertight as funding finalisation nears.

With Saudi asset sale, not now a priority and may not come to fruition, we might see an influx of investors who invested primarily for Saudi.

I believe the Market has caught up!

They can clearly see what has and continues to go on. That is why we are where we are.

Looks as if investors are getting ready for placing.

Typical!

It is all becoming very clear as each day goes by.

No wonder these will not delay anything as we can see that a placing is at the forefront. We see yet again sp down to around 0.50 and selling at that price.

Doesn't that tell you something!

Words fail me. A kick in the teeth for shareholders. Thought we were at the fishing line to get this done.

The Secret Trader

We'll see how the sp reacts.

If it carries on rising, then OK you may have point.

A 1 share buy.

Cannot make it up.

What part of the process does this come into?

Let's just get on with this funding.

It just seems to be one thing after another.

Here we go. A placing has reared it's ugly ahead, again!!!

Any further news incoming?

Positive Market reaction.

Is this signing imminent!

Therefore, both of our co-lending-banks have now received support from all their respective committees and Boards to proceed. This is subject to formal updates of prior approvals and to all documentation reflecting the expanded $240 million offering, and the satisfaction of standard conditions previously reported for a transaction of this nature.

Just need the signatures to finally get the funding over the line.

Continual dumping of shares. Whether there is a placing or not is another matter.

We must accept this moving forward as that is the drawback of putting all your eggs in one basket in one jurisdiction.

Whilst they are mulling over the sale, will they rethink their strategy?

We all knew that Ethiopia was a risk when we had SA assets as a fallback. A greater risk once they are gone.