Member Info for Smellyben

I don’t get why anyone would sell for 0.5p in one lump if a few smaller sales would have gotten them an average of I’m guessing at least 0.65p - seems strange

Out of interest where does one find out when closed periods begin and end ?

Interims expected in about 3 weeks - hopefully get a good update then if not before

Yes - once signed the costs for the development of the TK mine is done with equity partners and banks providing the cash.

SA is separate.

From the Q and A

Q: Can the 1.6p warrants be exercised before the expiry date and before they trade at 2.4p?
A: Yes, if the warrant holder wants to

Non stop I think Harry later clarified in a Q and A that the warrants HAVE to be exercised at that stage - they have 30 days or they lapse - but that CAN be exercised before that if the warrant holders

Be good if someone could confirm for clarity

Tintin - if the share price goes over 1.6 then the warrants come into play and get Kefi 14m pounds - so in that scenario no further fund raises will be required for a long time.

If the share price does not rise above 1.6! then yes a fundraise would be required in the middle of next year but I personally can’t see that happening as we should see a huge rise after funding and the various DFS on JQ and PFS on Hiawah in the next few weeks.

Remember we only need to fund circa 7or 8% of the Saudi build so pretty minimal.

Rob I’ll probably go to the Friday one

Hi Rob
There are about a billion warrants exercisable at 1.6p which would raise 14m pounds for Kefi ongoing operations in SA already baked in - no need for anything else for a long long time in my opinion

Ha you’re right - also remind people there are 4 BILLION shares in issue - the fact that 18 MILLION traded today is neither here nor there. - what is that 0.3% or something

I also find it funny some posters suggesting we only have 10% of TK - on the very morning the company announced 70-80% - unbelievable decamping!!

As I have said a number of times Kefi has enough money to fund itself until at least q2 2023 and probably q3.

Harry said a couple of weeks ago no fundraise required before TK closing if you don’t believe me or the millions they had in the bank a few months ago.

End of story

Dan

It’s the difference between making an offer to buy a house versus the bank making you the mortgage offer - as our banks have just agreed to definitively. Previously there was a lot of wiggle room where equity partner A said they would provide say between 5-10million but not exact amounts because it all depended on what equity partners B, C and D would provide as well as the banks. These are now all definitively agreed and most importantly agreed with the banks who remember are providing the vast majority of the actual cash. Hope that helps.

At time of writing only 14m shares traded - that’s nothing and shows I think people invested here are waiting for the inevitable 4 or 5 bagger when all finalised - I know I am - well done all for holding out - you will be handsomely rewarded very very soon don’t sell out for 20 or 30% is my advice but of course DYOR

You are just a gambler who bets on black at roulette and thinks because it came up a couple of times they have a winning strategy- no logic, no knowledge, no research and most importantly obviously no class.

With that reply you just proved it !

The funds are required to move the families and place the orders for the equipment, hire key personnel etc - the actual building is at least 12 months away - all perfectly laid out in numerous presentations- I suggest you read one

No - actual construction of the mine is 2024

Well in the last month 95% of your posts have been on gst !!

Seriously though your logic is completely mad - you don’t think gst is worth investing in at 0.80 but at 0.60 you think it is ? That type of investing is perfectly valid for companies making regular profits, single digit growth- but to try to get the right entry point for a company that is all about being a market leader in a potentially gigantic but currently small market makes no sense whatsoever- you either believe in the potential, the board’s delivery on promises, and the wider opportunities for fibre h or you don’t. There are plentiful risks - No problem if you think they will run out of cash, develop sub optimal products, be poor at marketing, sales, customer service , it’s too risky or whatever but makes no sense to think it’s a bad buy at 0.80 but a good one at 0.60 - if it works it will easily be worth 10p plus - if not probably zero ( so it doesn’t matter if you bought at 3p or 0.10 you still lose everything - most here would be fully aware of that but we believe in the story, the opportunity and the board - if you don’t I’d suggest you don’t buy in no matter what the price goes to - me I’ll buy more next week.

They have plenary of cash to last into q2 or q3 - it’s all published in their last set of accounts just a click away - instead of scaremongering perhaps just look at the information available. The shares fell to 0.45 briefly when there was similar scaremongering over the umbrella deal so makes absolute sense to sell at 0.82 if you want to crystallise those gains or if you just want to take less risk who knows and who cares each to their own but to try to extrapolate a few sells as some kind of deramp is disingenuous