Member Info for Smellyben

problem is he's made similar calls for the last year and always been wrong ! Hopefully not this time

Problem is we have been here before and before and before and before - HAA cant get it over the line - just a few weeks ago people here were saying October, then December now its Q1 - wait for the next RNS "end of Q1", before slipping into Q2 !!

I agree that it sounds like a lot of work has been done by Kefi and others to finalise the DD which is positive.

Why oh why oh why though can Harry NEVER meet a deadline - if he wasn’t CEO he’d have been sacked years ago.

Another missed deadline

What a rise - how happy are we who bought in the 200s!! Best investment for the year - sold half today - now all profit :)

Nothing could happen before the GM later this week so that bit isnt unexpected

After that happens there are around 3 weeks before end of year however there is no reason to wait to the last minute so it could happen the next day or at any time til end of year but I agree the closer to 31st the less likely it will happen in Q4 as promised

Nothing is gonna happen on funding until after the AGM approves Harrys shares.

After that he has around 3 weeks to deliver the necessary or another missed deadline

Well to cheer you up Harry could have gotten paid about £70K in back wages a week or so ago and instead invested in shares - to my mind he would not have done that had he not been confident the funding will happen asap and he will triple his money (but to be fair he has been wrong before!)

Lovin' it ! Well done believers !

i think the fact that Harry and Leech took their back salaries as shares is the most compelling reason to think financing will be closed soon - they have been wrong before of course .......

Err - I have been warning of that very thing for months but was routinely shouted down as a deranged and deramper - same thing when I said about price of gold and of course using my Kefi money to invest in Lloyds and Barclays etc have nearly doubled my money since then - thank you vaccine !!!!

Have taken some of the profits and stuck a few quid into Kefi again. The reason being I couldn’t understand how they managed to go without a fund raise - Looking at the accounts more closely the creditors existing at June were around 3.6m but half of that was to Harry and other insiders so won’t have to be paid presumably until funding is achieved which both explains why a raise hasn’t happened and gives them a bit more breathing space. Financing still may not happen but worth a punt just in case.

Read the last line

https://www.ft.com/content/07b38ed1-db30-4c2f-9c3a-50f421072341

disgusting and vile but just so new investors re aware of the ethnic issues in Ethiopia and Oromia are real and live now.
https://www.bbc.co.uk/news/world-africa-54787034

Ha ! You have 828 posts in under 2 months on this site and you call me sad ! Every one of your predictions on the share price have been wrong consistently - fundraise, 30% dilution - then the share price might go north IF they get the financing.

Your right -1.3 is beckoning LOL

Unfortunately Goldstone its not really about what Harry wants, if he is out of money he is out of money and has to raise and it has to be at a discount to the prevailing price. His last 2 raises were under 0.7p when the share price was nearly double that at the time. On the point of when the cash will run out the numbers are pretty simple - net creditors at end of June of £1.5m is a published number and access to a loan facility of £1.5m. How much has been spent since then and what credit terms have been offered, what payments have been deferred etc is unknown but IF they were running the business as normal (based on historic spend of £5m per year) then creditors would be around £4m. For me that is owed to consultants, lawyers, engineering design firms, labs, government PAYE, etc etc.

PE - where are you getting that info from - usually short term creditors there is 30 to 60 day payment terms ? No one know how how of the £1.5m has been used - Harry said they had used "some but not all " read into that what you want

How can cash owed at end of June be due after December ? Anyways
They say they cut costs and delayed payments and I'm sure thats true to an extent but just because it is delayed or deferred it still has to be paid at some point and they have also been spending lots for dev in SA and TK as well. If there hasnt been a fundraise announcement by the end of this month I'll eat my hat !

This is simply fluff put out there along with the new presentation to try to drum up investors for the next cash raise. I am surprised they have managed to last quite so long without money but it must be very very soon. Its a pity for shareholders when they knew the financing wasnt closing that they didnt do it two to six weeks ago when the share price was 2.5-3p when dilution could have been 250-300 million shares - now looks like it will be over half a billion - well done Leech (again)

Me too another 10k top up - this time next year will be double methinks!