Member Info for Slugworth

Quite ironic isnt it!

Even more so that he thinks he is qualified to advise others where to invest or not.

There are no financing issues. Everything is in hand.

Problems only exist in your head

Kenya? 2nd time I've seen you mention this?

Isnt Tulu Kapi in Ethiopia? Am I missing something here?

There must surely be some sort of update on the TK financing in the trading update - dont think we have heard anything on this in some months now

TL:DR - Spreadex holdings are a good thing.

Regarding your comments about spreadex - a reduced holdings RNS would not be something positive.

I've seen others mention similar things about the company hedging etc in relation to their customers trades.

As someone who actively spread bets, I can tell you that it does not work in the way I have seen it described here.

When a customer opens a 'bet' (trade), spreadex can either
A) play it safe and literally open a corresponding trade in real time, (and also close at the same time as the customer). They make money be charging daily borrowing costs (to cover a leveraged position), and they will likely also offer a slightly wider spread so they will also make a tiny % on the opening and closing price of the trade.
B) Go against you by not opening a corresponding trade. If the customer 'wins' the 'bet', spreadex will have to pay out (and make a loss), but if the customer loses, then spreadex keep the money the customer lost, because spreadex did not open a corresponding trade.

I don't know exactly how the spread bet company will determine whether to go with A or B - but presumably the default would be to play safe the majority of the time. I can only imagine they would go against the customer if they have a staggeringly awful track record with their trades. Its not exactly practical for them to examine every customers trade and assess its merits in a fraction of a second in order to determine if it is 'safe' to follow the customer.

I can think of absolutely no reason why spreadex would take a long position to counter or hedge a customer taking a short position. It would effectively double their exposure when there is absolutely no need to do so - they can simple guarantee a profit by making a duplicate of the customers order.

Spreadex's holdings are indicative of their customers taking large leveraged positions in Kefi, (no different to other people buying with HL for example), except they have a bigger exposure.

If anyone can offer proof to the contrary, I would be very interested to see it.

Our Mcap currently about 1% of that figure

I have a feeling its going to be in and out of auction a lot

If? or when?

Wow, almost missed this late RNS - this is huge!

Ahhhh wanderlust.... life of a NOMAD.....

Illiteracy is a crying shame

Is this currently in auction?

I cant seem to get a price for buy or sell - anyone else have the same issue?

Off you trot? Embarrassed at being rumbled more like!

You know whats even more laughable? You claim to hold shares, claim to have a sell target higher than the current SP, and yet you spend all day being massively negative and critical of the company.

Something about that doesnt quite make sense, does it.

If you were being honest about having a 1.28p average, then you would be in profit already. You cant even keep up with your own lies.

Listened*

What do you mean 'with profit hopefully'?

Wasnt it just last week that you claimed to have a 1.28p average and that you would absolutely sell if the SP even made it that high?

You change your story every few days to suit your negative agenda - how can anyone believe you or take you seriously? Zero credibility.

Why not be honest? You sold nearer 1p and have been hoping for a retrace ever since, and called it wrong every day since then.

In the meantime, those who were brave enough to take a positive view have profited, and anyone who listed to your views have missed out big time.

Say what you want about what people are posting here, but the above is a FACT.

I wonder which posters may have recently sold in hopeful anticipation the price might retrace.....

FU Fundamentals?

I like that, I think that should get used more often :)

As i recall, people were fretting about resistance at 1.3p last week, and Kefi busted through it like it didnt exist

Morning all,

I think I saw a few posts here recently suggesting that we are likely to see an update this week on progress with Saudi assets - I'm just wondering how concrete this expectation is? Can someone with knowledge on the subject shed some light and save me trawling through recent RNS's and other related news items?