Member Info for Stebo

"Blimey Stebo calm down. You think it’ll be 6p on the day of signing and I think it’ll be 1p. One of us will be closer than the other (you hopefully, and I’ll say well done) I think it might be 6p in many years time but by then we will both have forgotten the seemingly endless delays and might even be smiling. Enjoy your Monday"

"A lighthearted guessing game to see who got closest on a day hopefully within weeks. If your 6p comes to fruition I’ll take my hat off to you. GLA as always"

I hope you've got that hat ready tml1 :-b

1p is still an absolute bargain. This is still a speculative play, with the big institutions still having their hands tied behind their backs due to fund-management risk rules, etc. When the big money is allowed to start piling into KEFI, the recent price action will look like nothing. The sp will start to go vertically upwards as they all scramble to get a position.

The calculations are really straight forward. Even the most pessimistic case for Tulu Kapi (ignoring all the other speculative plays) has to be 20p absolute minimum. The professionals have been here before, they know how it plays out, and they will happily scoop up all the PI shares for 3p, 4p, 5p, etc. An easy 400% in two years, with minimal risk, is playbook 101 for those guys.

"Fomo engaging. Last chance to get on-board below 1p."

Nobody can say that they weren't given ample opportunity to ride this rocket.....

Manu, nobody is buying your placement nonsense.

It doesn't make any sense and PI's have realised that. You go around whispering about the monster under the bed, but PI's have turned on the light and realise that you're just trying to scare them. In fact you dedicate a crazy amount of your time to come on here and tell us all how much money we're going to loose, all while we're up nearly 100% in a few months.

You may start looking for a new hobby, because you're days here are done I'm afraid.

Meetings have already been happening all week.

On 2nd Sep Harry said that he was going to be in London this week with the bankers, and the bankers lawyers. The only question is how long will it take them to close the deal. There's every chance that it's already a done deal and they're just crafting the RNS right now.

Maybe this current sp-rise is from some hotel bell-boy who has just delivered a few bottles of champagne to the TKGM conference room :-)

Fomo engaging. Last chance to get on-board below 1p.

Feels like we're off to the races.

This will be 1p very quickly

KEFI were asked about buy-back recently, and said that it's not something they are currently thinking about, and they are just 100% focused on closing the TK deal. But perhaps further down the line.

Simms, people aren't getting it because de-rampers bang on about placements 24/7.

Once sign-off has happened and TKGM is launched, KEFI will ever need another placement ever again.

We will be cash rich, and our burn-rate will drop to next to nothing, and we will be a financier's dream.

In two years time we will be pulling in $25m profit each month, and until then the only significant outlay will be pushing on with SA development (which is fully funded from TK rebate).

Hopefully we can put this to bed once and for all. Yes, KEFI has a history of destructive and dilutive placements, which were a necessity to get to this stage. That era is now over. The only way there will be another placement is if this deal, currently being finalised, falls apart. Personally I think that chances of that are incredibly slim at this stage.

"There will be another placing for PLC costs". That's just your opinion, which all the evidence suggests is complete nonsense.

Why would they not get it back on sign-off day? Perhaps plus interest. TKGM's accounts will be funded the day after sign-off from various sources (for instances the $23m from BCM). KEFI are due that money and are the majority and managing party in the consortium. Why would they do a placement, when they could just send themselves their own money from TKGM to KEFI PLC.

Even if they didn't do that on day one, there are still plenty of funds in the accounts to see KEFI PLC through for months, but with guaranteed rebates coming, and a multi-billion dollar asset on the balance sheets, I don't think they'd have any bother getting a short-term loan.

I agree with you that placings are not a bad thing typically, and it is just with KEFI that they have been destructive because they have been used to fund non-value-adding delay to date. If there are any placements going forward, then they will be value adding investments.

Saying "Harry has said as much" is also nonsense. He has talked about funding through equity at the subsidiary level, which has already been explained well below. This is not dilutive, and is no different to streaming or a loan.

Lets stick to the facts and not try to spook people

Is it lost on people that KEFI will be getting a (at least $6.75, likely $10m+) rebate from TKGM on sign-off??

DYOR.... look at the Q&A on KEFI's website

"Q: The latest presentation indicates that approximately $5m of the Equity Risk Capital to develop Tulu Kapi has been spent prior to 31/03/25 whilst the recent Q&A describes costs having been brought forward as one of the reasons for the raise. Are they part of the capex for project development?

A: All such costs form part of project capex, either as contribution or due for reimbursement."

"Q: How much do KEFI anticipate recovering from the finance package for past costs?

A: All past costs are either to be recognised as equity contribution or reimbursed. This will be optimised at closing. We all focus on the closing of a +$300 million package and the situation needs to mature completely before we start counting the pennies on the matter of expense reimbursements.

"Q: How will we fund the KEFI corporate costs during construction at Tulu Kapi?

Until any explorer has started production, all funding must naturally come from equity or debt. Plus in our situation, some past KEFI costs may be refunded in cash rather than converted into equity in projects

Future corporate costs will remain under £1M per annum, bearing in mind the low-cost base in Cyprus and also after recoveries of costs from operating subsidiaries. KEFI has a contractual obligation to its financiers and contractors to build, oversee and support the fledgling project organisations, and we charge full refund of associated costs accordingly"

And these comments from the last AGM statement

"This is being funded from KEFI's existing cash resources following the Company's recent capital raise and the Company will be reimbursed from the drawdown of the broader Project funding package" (in relation to the £5m spend on TKGM from the last raise.

"Stage 1 at Jibal Qutman would likely require equity participation from KEFI of only £2–3 million, which at present is targeted to be funded from Tulu Kapi Project financing refunds due to KEFI."

Unless the structure of the deal has changed to give KEFI PLC a higher equity share (perhaps increased from 80% to 85%, which would be a great thing), then there is simply not going to be a placement, nor any concern regarding KEFI cash-flow between now and TKGM becoming revenue-producing. Those who keep banging on about a placing are simply trying to spook investors.

DYOR and don't let others manipulate you.

Today: 10:04

"I'm going to say that we'll see 0.9p paid this afternoon. 1p paid before close tomorrow.

Just what I personally am thinking, looking at the trend in the charts, but will be fun to find out."

Just saying ....... :-)

Colourblind, unfortunately neither does ignoring him, thus the call for admins to take some reasonable action.

He was clearly banned for this before and he's back at the same again.

And it's not about manipulating the price up or down, it the damage he could do through maliciously manipulating people into making finical decisions, with claims of "I know more than you do" and "don't be a gerbil, sell me your shares".

Mrhumble wins - this board is back to being unreadable, with mrhumble's disruption directing the narrative :-(

Wish admins would just ban him again, only for good this time.

Is it just coincidence that mrhumbel returns on the same day that the sp starts another leg up (and bonkers also goes missing lol)

Clearly they are only on here to manipulate, and likely also part and parcel of some big behind-the-scenes moves that are going on.

Don't fall victim to the manipulation. Just filter him and he'll eventually give up.

Back to a sea of green..... and in other news the sp is still rising.

Looking like my prediction of 0.9p paid today is happening :-)

I think Doze's point is that mrhumble is clearly just playing the game of trying to suppress the sp to create for himself a 'as good as possible' entry point following de-risking.

He wants to have his cake and eat it. Dodge the risk, but also get into KEFI to enjoy to rise.

Good to see we both think that Friday will be sign-off day though.

"Poor english is very deliberate in forums. Mainly avoids allegations of bots and AI generated thought processes."

Glad I clocked that one before filtering. I nearly wet myself lol

"Forecast: News post close today, 0800 tomorrow or post close Friday

And it WONT be sweet"

I hope you're right mrhumble, and you're right it WONT be sweet for you and your mates. I'll spend all week celebrating and starting to forecast what the dividend yield might be in 2027.

You see when somebody posts something like ...

"Just so you know, 90% of little UK stocks 'about to fly' gets sold/shorted pre news."

You know that they are just here to manipulate.

Back in the green bin you go mrhumble

Simms, has made a very good point that I failed to clock, in regard to financing operations post TKGM launch.

KEFI PLC is due a circa $10m rebate back from TKGM, and majority of operations will be seconded into TKGM. This will leave KEFI PLC in the following position:

Assets:

- $10m cash in the bank

- Debts cleared

- 15% of GMCO (previously valued circa $70m... must be $80m+ with rising price of gold)

- 80% of a developing a fully de-risked TK mine, with a business case showing £300m+ pa from 2027

- Share-price likely to be 5p-7p post sign-off, with healthy mcap

Liabilities

- £1m per annum burn rate (reduced as most staff will be working for (and paid by) TKGM

- $5m development costs at SA

As an on-going concern KEFI PLC will be in a really healthy place. There would be zero requirement for a placement, and they would be a low-risk financiers dream, even if they did require short term finance (eg to push on early with further exploration, etc).

Just before you're filtered again mrhumble, KEFI is up circa 60% in the last month. I'm not sure what your expectation of 'flying' is, but I'm more than happy about that. Fully expecting ten times that on financial sign-off.

No matter how much nonsense you post on here, and how much muck you fling at the wall hoping some will stick, KEFI is about to de-risk a multi-billion-quid asset, which will be churning out £300m+ per year by 2027. KEFI's mcap is in the gutter because of years of false dawns, at sub £100m.

No matter what happens, KEFI shares are about to multi-bag. There could be a $50m placement, KEFI could give away 50% of Tulu Kapi, and gold could tank to $3,000/oz....... and KEFI would still be worth 5p+ once the Tulu Kapi project is de-risked.

The value disparity is huge, and finance sign-off bridges that chasm. Nothing you can say will change that. You have clearly taken a gamble on there being another delay / can-kick / placement, and you can now see that you've got this one wrong. Thus your absolute desperation.

It's not for me to offer advice, but for the sake of us all I just wish you would cut your losses, rather than polluting this forum with your futile attempts to manipulate an exit for yourself. I'm not sure how deep you're in, but take it on the chin and make it back in the rise.