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Kefi Minerals Share Discussion Threads
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|My favourite two stocks are spectra and nuog for 2017Spsy tgt 70pNuog 3pThese stocks have all the attributes to motor over the weeks and months ahead|
|Guys,Yet more positives for a rising gold price....http://www.express.co.uk/finance/city/769291/Gold-prices-Trump-Trade-Dow-Jones-FTSE-market-crashEven with the consolidation and finance in place for the next 18 months, this is still a great opportunity!!Gla!|
|Guys,Gold prices will be starting to move in an upwards trend again?Interesting article....... http://www.express.co.uk/news/uk/769288/Gold-Euro-Foreign-Exchange-Collapse-Alan-GreenspanGla!|
Even at this level of dilution (including the proposed), TK could be worth something in that range if Edison's gold price projections (21/11/16) prove to be more fact than hope and account is taken of the underground deposits and just a couple of the satellite deposits. Hawiah might be contributing some value by then also.|
I doubt that Lanstead will be anything like LTHs and I would expect them to sell into any spike on good news (there will be a continuing exploration programme on both sides of the Red Sea). It is possible that Kefi will be able to arrange placements and there might be something in the agreement about that.
However, having been bitten by shareholder discontent about the prospective dilution, HAA may not have been willing to agree to a huge dump of shares at the current, highly discounted, price. So, Lanstead might not have been offered the opportunity to subscribe at 0.33 for the 85%.
If Kefi needed to secure the equity to meet KME costs going forward (accrued in the $150m - $160m requirement), this structured transaction does at least provide that cash without wholly committing to today's price.
The VAT repayment would not go far in funding the $150m - $160m, would it? It is not the biggest number in the spreadsheet. Further, they'll not need the cash until later this year once construction gets under way, which looks like being after the rainy season.
If you are still asking whether we need to provide more equity, and thus need the Lanstead cash, you are assuming that the whole of the finance will be provided by senior debt banks and, as yet, unidentified mezzanine debt providers (if they exist). It's not just Kefi's choice: the GoE has to be satisfied with the mix and so, too, the senior debt providers. The revised cash requirement figure happened to "coincide" with the negotiations with the replacement commercial bank (s) - or was that cause and effect - did they require a more prudent budget? We can't move forward until they sign off.|
|I cannot see Kefi setting up this deal without the nod from Odey. IMO.|
True enough, I came in on the back of NYO but I still have bought too many too early to be happy at this price, but bought a few more the other day to tweak it down a little more to about .5p average. If the mine is built and runs it has to be a winner, if not all is lost. I am still optimistic about the final outcome but disappointed with the delays. That is life, and I could have done a lot better or worse, but it is what it is and I will be sticking with it until well into production in ethiopia and, who knows, maybe even KSA. 2023 is my retirement year. What do you guys think the share price will be then? (Sticking with the current preconsolidated price Im hoping for 6-8p) If we are 15M now then we have to be worth 5x + on production and much more once we have repaid the loan). I know that is a far cry from where we are but if the strategy of the company succeeds to overcome the obstacles ....
high risk high reward, but at least financially secure for another year or so during which there are bound to be some interesting rises and falls in the share price to keep us all going.
all the very best to you|
|I don't disagree personally that KEFI has long upside.
I am just not convinced that Lanstead will go that way. If they wanted to be long term holders why not just buy all the shares upfront at 0.33 without the sharing agreement that dampens the long gain.
It is a win win for Lanstead. For KEFI these deal is like an amplifier, better than a normal deal on the upside, much worse on the downside.
At least it isn't a death spiral. :)|
|Estseon, the other day you said:
You do keep mentioning that VAT repayment. I have no knowledge of the Ethiopian VAT system but, under the UK system, the claimant will have to have "intending trader" status to be eligible to reclaim input tax. I would suggest that it is quite possible that the Ethiopian rules could be a bit more demanding and might not enable KME to be regarded as having that status before the project is funded and everyone has signed off."
Now that then implies that Harry has not been less than clear about this 'windfall', leading us to expect it sooner than it will actually arrive. And, as mentioned earlier, if he really believes it is coming, as he believes TK will be funded, has he taken it into consideration as a receivable when diluting us to hell and back with Lanstead?
Or do we need the VAT monies and the Lanstead cash, which means over 7 million?!
|Lol bluesbeater. Trouble is, my 90% down is with averaging down! You probably were lucky enough not to be in this when we hadn't even heard of TK...
But it will be alright as the consolidation will allow us to develop a tasty little property riddled with gold in the Yemen from next year!
A little bit of interest this afternoon. The usual form is for it to finish flat.
|Think Lanstead could make money both ways paying less for shares then after TK finance deal shares multi bag sell some then decide if worth holding on for further appreciation for the rest.
If the market does decide that Kefi is drastically undervalued (which is not that unlikely with the potential here maybe after the VAT comes through) before then Lanstead does not really lose either.
The safeguards on the deal is Lanstead can make more on the upside than the downside meaduim and long term so not worth them totally trashing the company.
Maybe i can translate for harry and cut through the BS.
Hi guys i have this great deal with Lanstead where they cannot lose and not going to be worth their while to kill the company as i have so managed to trash the shareprice they can make much more money on the eventual upside... they might make pay 10 20 30 percent under the present market price but they are going to be looking at 100 200 300 percent market gains on the shares with the upside...|
whilst TW probably means 'any REAL money',i get your point.
why not post a formal question on the Q&A above,as this does warrant a formal reply ?
|I am out of the coutry in 1st March but would value any who are able to make the EGM aksing questions and posting answers in this forum|
|"Lanstead needs to see the shares well above 0.4p to make any money"
Not true from what the RNS states unless I am missing something.
Due to the Sharing Agreement the deal is that Lanstead get to buy a fixed amount of stock (70m/18) at ~75% of the share price every month once the subscription kicks in. subscription price/benchmark price = 5.61/7.48 = 75%
So if the price was 2p, Lanstead only would need to pay 1.5p. Hence a profit even if the share falls.
Forward selling in "agreed period" could help lock in some extra profit.
What am I missing?|
|As the company is raising money, and is also expecting a VAT refund. I think it is safe to say the finance is in addition to the refund.|
This Kefi Minerals (KEFI) share tip at a 0.58p offer has not been a good one so far. We apologise and as shareholders share your pain. The shares are now 0.34p-0.36p. We took more shares in this fundraise at 0.33p on the view that the underlying value is c1p per share. So what has happened?
£5.62 million gross was raised via a placing to funds of £600,000, insiders - including directors - of £400,000 and a complex note structure investment by Lanstead Capital of £4.62 million. Oh no we hear you cry - death spiral ahoy!. Well it is that sort of instrument but it is structured in a way that Lanstead needs to see the shares well above 0.4p to make any money. And there will be no persistent forward selling by Lanstead as you see with some death spiral facilities. Not all Death Spirals are actually death spirals and this one is not.
There is also a 17 for 1 share consolidation so 0.33p is acually 5.61p in new money
The key thing is that Kefi is now fully funded for 12 months ( 18 at a stretch) to finalise financing arrangements and the triggering of development at the Company's flagship Tulu Kapi project, as well as additional exploration work in Ethiopia and Saudi Arabia and also PLC costs.
We expect that Tulu Kapi will secure project finance within six months so start building it out well before Christmas so there is an awful lot of wriggle room here. And using a conservative gold price that project alone is worth 1p per share.
So we now have a company with no funding worries and a great project worth three times the current market cap. As a bonus things are looking up for the gold price. So grit your teeth and buy.
|bit more from TW
|Thank you goneawol, the simple solutions are often the best!
So are we, in your opinion, or anyone else who actually wants this financing to work for all of us, raising money in addition to this VAT refund? It seems Harry either wants more than he's saying to keep us ticking over (pay his salary) or he doesn't think they'll pay out either, deep down.
Any clues as to what he's trying to say in the rest of it too then? We are also, as Rob has reminded us, also "pregnant with a lot of milestones". So that is another fluffy description to string us along like "unleashing" and "a big shove"?
He never speaks plainly except when it comes to prevaricating!
|I'd be 90 % down if I hadnt averaged down, as it is its only 35%
What's harry's average?|
16 Feb '17 - 17:06 - 50980 of 50981 1 0
Estseon, he also revisits VAT. He says, confusingly, "it's not with the refund section so is expected to come through"...in that directorstalk interview.
That's a typo, should read..
'... it’s now with the refund section so is expected to come through.'|