Member Info for Whithorn

I wonder how much of the published information is dam right lies, highly inaccurate, or at the very least, deeply misleading. To be frank, the current THE DANDY HIGHWAY MEN are certainly not acting in the best interests of the stakeholders.

I maintain my position that acquisition by another company is likely, and not that far off, and that they are already in discussions with them for NICE jobs.

It appears they are more aligned with their own executive compensation packages over their fiduciary duties to the shareholders.

There will be no more funding, people are sick of being screwed

I have lost count of the amount of times I have stated this Vince. This is an AIM bod full of "dandy highway men" they will screw us for every penny with BS, can kicking etc, false news.

Their mission, is their renumeration with QED and the future more successful company to use this fantastic fuel.

I bet you they have an exit plan when the next fund raise fails

20+ years of con artist words, jam tomorrow stories, kicking the severly dented can down the road, Nah, dont think so.

People have cotton onto these dandy highway men and their fat renumeration packages. They have more excuses than any BOD on AIM.

Bust and into Admin by end of year, as they will not get anymore placements to keep their fat salaries

Other are voicing concerns over the in actions of these "Dandy highway men". For years the have been pulling the wool over our eyes. They are only concerned about their salaries and pensions, both of which the shareholders pay. Not to mention their company benefits. Time to call this lot out, before they clear what money us left

I hv being saying for years, these guys will continue to ROB us blind, and hide behind any excuse they can come up with at the time. Their only interest is themselves and securing their own financial future. Prove me wrong

I see the QED lovers have yet again removed my posts.

You know that you are getting close to the truth when the do this. Silly billies

Simples the BOD have **** Failed ****

Jam Jam Jam Jam Jam Jam

Now set uo as an AI scrape agent via Claude. If deleted, the agent will detect and just add it back

Has announced a $45 million placing at $1.3 million WRAP retail offer at just 1.2p. The shares were 2p after it said it had secured all its funding. So instead of needing $30 million in a way that was marginally dilutive it has raised $45 million at 1.2p, a share price whacked by forward selling, a sinking gold price and the idiocy of going for more than was needed.

The extra cash will be spent on exploration. Why dilute mugs more now rather than funding exploration from cashflow in 2 years time? Management are shown to be scumbag liars. CEO Harry Adams will make between $1 million and $1.5 million this year with bonuses and that is what he cares about rather than another 28% dilution from a botched placing he said would not be happening.

The effect is that the NAV per share is slashed but will still be, in our view, 3.55-5p. On that basis we will be holding our shares and suggest you do the same. But though the shares may be cheap we cannot rate them as an official buy when the management has behaved so disgracefully. If Harry Adams were to be sacked these shares would gain 50% on the news. He is the biggest drag on the share price right now.

The official stance is thus only HOLD and that is what I will do with my shares.

It’s a tough day for KEFI Gold and Copper (KEFI) shareholders.

As of today, March 19, 2026, the share price has dropped significantly—down roughly 8% to 10%—following a major funding announcement.The primary reason for the drop is equity dilution. Here is the breakdown of why the market reacted this way:

1. New Share Placement at a DiscountKEFI announced a plan to raise £34 million through a new share placement to institutional investors. The "catch" for current shareholders is the price:The Placing Price: The new shares are being offered at 1.2 pence per share.The Market Impact: Because this 1.2p price was a notable discount to yesterday's closing price (around 1.54p), the market naturally "corrected" downward to meet that new valuation.

2. Massive Increase in Share SupplyThe company is also launching a £1 million retail offer at the same 1.2p price and issuing another £853,000 worth of shares to service providers to settle outstanding fees.

When a company creates millions of new shares, the "slice of the pie" owned by existing shareholders becomes smaller (diluted), which typically leads to a lower share price.

3. Purpose of the RaiseWhile the price drop is painful, the company stated the funds are necessary to:Complete and optimize the project financing for the Tulu Kapi Gold Project in Ethiopia.Fund ongoing exploration and general working capital.Establish a cash reserve for potential cost overruns.7

Summary Table

: KEFI Today (March 19, 2026)MetricValueCurrent Price~1.41p

Day Change-8.12%

Fundraise Target£34M (Institutional) + £1M (Retail)Offer Price1.2p

What happens next?

The first tranche of these new shares is expected to settle around March 24, 2026, while the second tranche will require a shareholder vote at a General Meeting, likely in mid-April.Would you like me to look into the specific details of the RetailBook offer if you’re considering participating to maintain your percentage of ownership?

Watch out for new director loans coming soon

Summary of the "Account"

The BoD isn't taking loans out of the company, but they are arguably "loaning" their services in exchange for future equity. For a shareholder, this is a double-edged sword: it keeps the company from going bankrupt today, but it ensures that if the company ever does succeed, the board is the first to be diluted into a massive payout.

With the March 30th Interim Results approaching, the real metric to watch isn't a loan account, but the "Receivables"—if that Valkor money doesn't show up by month-end, the board's credibility on financial delivery will be at an all-time low.

1. No Hidden Loans, but "Cash Preservation" Tactics

There are no traditional director loans (debt owed to the company by directors) on the balance sheet. In fact, the BoD has gone the opposite route to address the "failure to deliver" optics. To avoid a total cash crunch while trials are delayed:

Pay in Shares: Directors have been taking a portion of their remuneration in nominal value options or shares rather than cash.

The Intent: They are trying to show they aren't "draining the tank" while the MSC and Valkor projects stall.

The Critique: Many shareholders see this not as "skin in the game," but as the board issuing themselves more equity to maintain their lifestyle while the share price suffers from the lack of operational milestones.

I encourage other to go check QED online, some startling stuff out there

Bootlickers, feel free to pass on my views/opions/internet search data to your masters , get biggest dickus to help (aka Woof woof)

Exercise caution, Vince. The Board’s more... enthusiastic loyalists are known for their penchant for litigation and a lack of irony.(fat chance) Their discourse reminds me of the Highwaymen: plenty of flair, but ultimately just a heist in fancy dress.

​Statistically, at least one Director could be lurking here, 'optimising the truth' as we speak. As for the company rebranding, Vince, I’m putting my chips on 'Never Deliver Ltd' Just my personal market speculation/opinion, of course. Don't let the sycophants spoil the fun.

My opinion, my view bootlickers. If you don't like tough

Holding out for 2.8p? That’s not a target; it’s a fairy tale. The QED ship isn't just sinking—it’s being dismantled for scrap by the 'Dandy Highwaymen' in the boardroom. They’ve mastered the art of selling us 'pish' and 'jam stories' promising us the world while delivering absolutely nothing. At this point, the BOD shouldn't just be questioned; they should be audited by a team with flashlights and a search warrant.

​It’s only a matter of time before a 'new' entity appears, sporting QED's 'groundbreaking' tech and a suspiciously familiar roster of highly paid executives. It’s the ultimate corporate magic trick: now you see your investment, now you don't.

​To the bootlickers: don’t forget to CC the Board on this. I’d hate for them to miss out on the fan mail while they’re busy counting their bonuses."

Steady progress should see the SP increase

Have no fear, the boot lickers will appear. That lot would lay out the red carpet for the BOD, with the self propelled RPG and the barking dug showering them with rose petals. They know they are now in last chance saloon, so watch out for the Trump like tactics from the BOD to maximise their gain. They could not give a toss about the shareholders

Oh RPG, dont get upset now, was days at primary really that bad?

Actuall big billy and billy porter did aswell ,as most glaswegian comedians did. Maybe you dont get out at night.

Also used with the legendary Scottish comedy character: Jack Jarvis from the sitcom Still Game. In a recurring gag throughout the series, Jack (played by Ford Kiernan) would sniff the air and say, "I smell shixxte!" when he suspected someone was lying or telling a "tall tale."

Are you BOD boot licker

doh

While the Board of Directors continues to underperform regarding the delivery and monetisation of QED products, what do folks think regarding future potential increases in their compensation. Any attempt to secure a pay raise—whether through existing capital reserves or further equity dilution via a share issue—would be viewed by me and others as a missalignment of interests given the current lack of ROI. (Nothing) Thou, not by the boot lickers, they would just give them anything they want.

​The years of disconnect between BOD renumeration rewards and operational milestones, warrants a thorough review of leadership performance.

We should not continue to reward FAILURE

Would be something if an investigative journalist had a peek at what has really been going on over the years with OUR monies and these "Jam Tomorrow" stories? You just never know

Does the years of expenditures and salaries comply fully with HMRC and VAT regulations

Big Billy used to say "I smell shiite", could this apply to QED

Feel free to pass onto the BOD bootlickers and mods

Thats good, it will only have taken 15+ years.

Then put your case to the moderators and let them decide.l if anything was as you say it

Better still set up a 1 2 1 with BOD and I will tell them directly to their face or over a phone what I think of them. If you think for 1 minute you are trying to unsettle me with your libel shxte posts etc etc. Bring it on. Get on the phone to the bod tomorrow, cmon big baws,. Chances are your all talk and no action. Balls in your court make it happen. Everyone one else will read this. So come keyboard warrior/ the hard man get it done