Member Info for Smellyben

Well I’d had patience for around 6 years ! Not happy with that RNS - we were supposed to have everything signed sealed and delivered- a formal update shortly isn’t the same as a formal sign off shortly- Harry has form in issuing a moderately positive SA update ahead of a delay in TK and a fundraise - hope I’m wrong but been burned before

Yes there are 3 big catalysts in the next few months each building on the next. TK should get us towards 2 p - the JQ DFS update should all being well get us up to 3p and then the preliminary feasibility on Hiawiah could be huge and is bigger than TK and JQ combined so sky is the limit - hopefully we get the update this week on TK that will unleash this torrent

To put things in perspective guys we are asking 2 banks to lend us hundreds of millions of dollars and they have said they are willing to do long as all the proper controls and conditions exist which is what is being done - Kefi isn’t really in a position to complain or throw it’s toys out of the pran if the bank is taking a few more days than expected- take it easy - until we hear otherwise everything is still on track and everyone still on board.

Blockchain and low cost transactions in Neo banking are the future - some people conflate dodgy crypto bubbles with genuine business and finance innovation- stay patient and we could be sitting on 20 or 50 x

From the telegraph today
Sir Jon Cunliffe, the Deputy Governor of the Bank of England, said he believed there was a “real benefit for the UK in terms of the technology” behind cryptocurrencies after the Prime Minister pledged to put the City at the forefront of the industry.

He said: "If we're talking about using these crypto technologies to create, basically, crypto assets that have nothing behind them... I don't think there's ever going to be a sustainable financial activity around that.

"If we're talking about creating the regulation in which people can see whether they can develop services that have benefit using those technologies to the real economy... then I think there's a real benefit for the UK."

https://www.cnbc.com/2022/12/22/gold-at-4000-analysts-share-their-2023-outlook-for-prices.html

Panda - we are not arranging an overdraft with Barclays here. These are not commercial banks they are two of Africa’s biggest DEVELOPMENT banks who operate in far far more dangerous places than Ethiopia. They confirmed their support at the June meeting when the last major obstacle was overcome and now just awaiting conditions precedent being sorted which Kefi have said all on track for this month. Conditions precedent are things like setting up offshore banking arrangements where the funds will be deposited with appropriate authorities controls over spend, proper audit of fund distribution plus some others no doubt but all on track

For me the biggest thing is that currently TK is valued at 30% of NPV while JQ and Hiawiah are valued at 11% of NPVs of current estimates that are going to grow. Indeed JQ is about to go from 11% to 30% when the DFS is published in a few weeks

Even with these very pessimistic valutions they are saying the share price should be double - on financing and DFS - double again. Hiawiah - the big Goliath is hardly valued at all but let see what it’s PFS says in the new year - will dwarf TK and JQ combined.

Happy days

Jonesy- why do you think there will be a placing- they have plenty in the bank for at least 6 months - if the shares rerate on the next 3 big updates expected in the next 3 months the warrants exercise will mean no raise is necessary ever

Jonesy- most of the buys are mine!! - 25k and counting today alone - got another 200k to spend if prices stay around here but just need to liquidate a few other shares which I believe in but news not imminent - xpecting news late this week early next get in while you can

Another £5k for me at 0.75 - that’s real shares not the fantasy ones some people seem to have - will buy another 10k today assuming price stays the same

We should have interims pre Xmas so hopefully we will get some news then.

You will CONTINUE to hold. You have held LIFE changing amounts for years ( you somehow managed to buy at 0.7p despite the price not being at that level. unless you were RAB. You have posted half a dozen negative comments in the last few days but not a SINGLE comment in the years previously. Can I just say your contribution is so blatantly just lies it has the opposite effect of what you think it is - people know funding is coming in the next couple of weeks and want to panic people and sell cheaply. Some might fall for it but I’m buying so I guess we thank you ??

That’s for all your clearly very well informed posts Donkey -
I for one now to your experience of what 1 post - quick question- if you 100% believe there will be a placing and you think this is a dog of a share why do you still have 10s or 100s of thousands of pounds invested in it ?

Don’t forget he’s also claiming all transactions are sells - I personally bought 3m !!!!

Thanks non stop - a mini crisis at work stopped me coming - sounds positive

Why would a raise be needed - they have millions in the bank !!! Look at their accounts for gawds sake !

The company is already trading and earning - the recent developments and the ongoing work on the platform and the sandbox and the licences etc just extend that potential massively.

Remember this company had 7 million in cash and assets (non liabilities) at the last update. It is currently valued only at 11 million - so the market is valuing the current earning potential the draw code, servers, developers, eIP, licences and approvals to operate in the UK and EU at virtually zero.

At these levels I’m a strong buyer !

Thanks razza based on your two weeks of experience but dozens of posts in that time I’m sure we all agree - what are you 16 year virgin lol

Tradin - each investor must make their own decision whether to buy or sell and I do get you are underwater at the moment but I certainly wouldn’t base any of my decisions on what another small shareholder who will have their own reasons for selling - wedding, Christmas, crypto panic other opportunities whatever!!!! Did.

The board have continually delivered what they said even as recently as a few weeks ago and this is without doubt the future of finance. This could easily see 20-50p if the stars align in the next couple of years - or zero if they don’t - my own view is that the ip, the customer base the technology the rights will entice a big bank to snap us up for north of 10p but could be wrong - that’s why you should diversify

I personally bought over 2m shares today so the volume certainly wasn’t all sells - whether that was a wise decision is to be decided but I also think that the initial sale they started the mini panic was just a PI who wanted or needed cash