Member Info for Smellyben

Rob my darling I haven't owned a single share for 2 years probably maybe more - as you know I used to own 2% of kefi and followed them closely when they had 400m shares and 40% of saudi and have met harry and been err "ill informed" by him several times - he has told me face to face that funding was finalised within a couple of weeks 3 yrears ago and where are we now 3 years later. And another 5billion shares and Saudi going from 40% share to 25% and big debt that will swallow whatever equity kefi has there . I genuinely hope you shareholders get out with a profit but the red flashing lights are flashing - as in prem and copl and eua and numerous other aim scams - so don't say nobody warned you - though I'll agree stockready is an idiot par excellance

I know about the kidnapping i have been here for a decadish - my point is that the bank and the equity investors are clearly concerned about security hence the delay - an incident would mean they step back and finance delayed yet again potentially ending the project at least for equity investors.

The only reason I post is because after serial rampers draw in innocent first timers - like in the last spike someone are already 20% down.

As some highlight the dreamland where everything happens magically perfectly overnight and everything from finance security operations politics works in favour of a minnow company try to tell them the truth. I don't think I'll convert any committed LTH who wants to believe Harry but I hope as someone who has lost money from lying CEOs I try to warn others

Everything seems to be progressing really well in terms of operational updates but when can we expect some firm numbers to back up the good news ?

I don't understand why you say you are reassured that the lead bank and EG are happy for Kefi to go ahead and spend money preparing for a launch. It is not their money why would they have a view - kefi are spending money they do not have on a launch they hope might happen if all the stars align and there is no disruption either on the ground or in the numerous boardrooms where they need to get the money. After that they need to hope Artar do not enforce their contractual right to take over their share the Saudi assets for a fair valuation - circa 11m quid - even if all those things go swimmingly they need to finance themselves for the next 6 months with zero revenue and huge board salaries - I'm sorry be warned new shareholders or potential shareholders- Harry has lied for years on the financing and is continuing to do so it seems. A single kidnapping a single theft from the site and your investment is worthless - beware

Harry has predicted finance closure every quarter for nearly a decade - just a few weeks ago everything was meant to be signed in Feb, then may now its Oct- all the while spending goes on in TK on the boards salaries - 200k per month - artar taking all the risk and spending all the money in Saudi - if anyone thinks they are going to let kefi keep their 25% share while they pay for everything must be delusional - what billionaìres are renowned for giving money away.

Expect a big dilutive raise in Sept ( probably after a flurry of webinars and rns to try to get the price up ) followed by a further delay and artar to take Saudi assets for next to nothing.

Well I think I'm in as well though no confirmation or anything so until that comes I won't be sure

Another can kick means another raise in August or Sept ahead of Artar calling in their loan and taking Saudi for free. - Good news indeed !!!

Yeah but what does that african self made mining billionaire know about er mining in Africa

Exactly it is a small dilution that has been known about for 18 months so doesn't explain the halving of the SP over the last 3 months. Weird as cash flow should now be strong - hopefully we can get some firm numbers soon

Well I have received no communication from Mr Cotter regarding forms to fill out even though was invited to the Zoom calls - are his emails getting through to everyone ad I know he had some issues before

Crazy - in that case can you explain why the 20 or 30 other RNS saying financing was just around the corner did not materialise - surely tje nomad signed those off as well

Youbsaid earlier Kefi had 5m in cash - just so so wrong - as of 2 months ago after the latest discounted fund raise they were at least 4m in debt and with no income - presumably that is now 5 or 6. Artar can take all the Saudi assets off them for around 11m and as kefi already owe them at least 3.5m that won't help the cashflow that much but could keep Harry in his 300k a year job for a while until he retires

Why has the TK percentage gone up to 80% from 70% - because they haven't been able to convince a number of equity partners to participate- very negative but you keep on talking nonsense and trying to use disinformation so you can exit leaving some other poor sucker left holding the baby

Brilliant call/webinar - he has recorded and will publish tomorrow for anyone who couldnt make it

I'm putting my money in - its a no brainer - even if we dont win (which I think we just might) I want to give those responsible for our losses a few sleepless nights and maybe a few other AIM / main market shysters pause for thought

someone posted a little while ago one of the larger shareholders had gone bankrupt and so were selling for their creditors but no matter - seems very cheap to me and the participation of *****on (even though he got in at 4p i'm sure he want many many millions or its not worth his time to join a public company for the first ti

Not really understanding the consistent fall in SP but I'm steadily buying - frankly if its good enough for a self made mining billionaire then I'm happy to go along for the ride.

I'm fully out ned - good luck to you fellas - financial results should be out very soon.

What does the spreadex purchase mean ?

I think results due in a couple of weeks so should get an update then

Value - underlying cAsh burn was 350m better last year than the year before - it is forecasted to be over 100m better this curre t year ( numbers in the accounts) that is before the one off benefits of the litigation. Worth another 150m definitely and between 30-150m from Mand s - so next Financial results will see an actual cash burn of between minus 100m to minus 200m - far far better than some people are saying

Bought in today after a bit of research- at first glance the cash burn of 470m is worrying but it is on a big uptrend - 350m better than PY and forecast to be another 100-200m better this year. Add in the 150m due from the recent litigation award and a potential 100-150m m&s payment and it will look much rosier next year. Growing revenues and operating margins continues - maybe slower than some want but not insignificant and could be cash neutral in a 2 to 3 years and the market will relate

Thx maestro- I try to be honest as it's us against big players so we should always shar proper e info together- I made an extra 100k a year ago on another share because a poster pointed to twitter announcement before an rns - foreign company so probably didn't know the rules but I was already invested anyway but doubled down

I have never said sdx won't potentially end up well just I find the BOD communications and delivery awful and I can no longer invest when they are over 4 months late on their own deadlines- i cant believe any more pronouncements and am happy to miss out on any gain of they do deliver because I think longer term they will disappoint again but respect other positions. Anyway less than 150k now so over half way and share price has held up well.