I note the 3 highlighted posts attracted 3,7&4 upticks respectively.
How humiliating. |
You were that bored? |
Thought I would have a laugh and see what the delusional were talking about a year or so ago
1deedee15 Sep '23 - 14:54 - 3005 of 6399 0 3 0 These two months are gonna be transitional, and gold is doing well today.
1deedee17 Sep '23 - 14:40 - 3014 of 6399 0 7 0 Talking weeks till sign off at most second week in October early as last week in September but all with the banks now
robjm6621 Sep '23 - 08:11 - 3048 of 6399 0 4 0 "over night success after 15 years" joking apart should see board and credit approvals this month so effectively next week hopefully not 16.29 PM Friday 28th. |
From Tintin and Kefi Q & A section.
Various questions regarding the Interim Results Q: The recent Interim Results included a statement that "the co-lender's credit approval which now includes a discussion in respect increasing the financing amounts on offer".
Is this statement alluding to the co-lender who has already signed off and, if so, would it be fair to surmise that this is a hedge against the other co-lender who hasn't as yet signed off failing to do so?
And, why are additional funds being sought ?
A: It is applicable to both co-lenders and the reason is to reduce the need for equity capital by raising the debt-gearing level in line with the improved gold price.
Q: I noticed that Kefi may have secured a £2 million Bridging Loan, is this so current investors are not diluted at current levels?
A. Yes, as done many times.
Q: In the Interims it stated Q4 2024 for sign off on Tulu Kapi, but are we still on track for October?
A. Yes, for the bits due in October.
Q: There has been mention of 30 million Gap/Shortfall, is this because the 2nd Bank has suggested they are not going ahead or investors at a subsidiary level are suggesting or not come forward in the suggested time line posted in the Media/RNS.
A. No idea what you are referring to.
Posted 01 October 2024 |
Yeah the google algorithm seems to have decided I need more adverts for incontinence pants, funeral plans and little blue pills ;-) |
The reason lots of us are wetting our knickers is that many of us have become really old while holding Kefi & damp underwear is par for the course for old people. :-(
Or it could be the 20-odd missed guidelines, the mention of locals (that rings a bell), the lenders are so keen, they want to lend more (that sounds familiar too) & an effort to secure funding that must be in its 6th year.
I might buy shares in Tena. ;-) |
From Crazytowner lse thread "Just listened to TW Bearcast and that Kefi are looking for more Debt to reduce the Equity portion. Very positive news for shareholders". |
When I hear the tin rattle with all that "loose change" I will change my stance. Until such times then am afraid....non investible! |
But at ol Arry boy's historical rate that is probably wishful thinking. Fat cats get fatter the PIs skin and bones. He rattles them time and time again to fill his coffers and pay his salary! |
(Ethiopia mining) |
I am guessing the question was why kefi was going after more money from the second bank and the answer was not a shortfall in funding.
Not that I thought it was.
Hopefully some of the Q and A will make it onto the kefi website. |
Large sells pm, US lost faith?
Funding needed post haste.
Feet on the ground - one pair apparently |
Yet *another* prediction. The kiss of death for next month.
goatherd 30 Sep '24 - 15:49 - 28903 of 28903
My "guess" is funding completion.
In October. |
My "guess" is funding completion.
In October. |
Will the issue of these Equity Risk Notes have any affect on the share price? |
There's going to be one almighty placing..
As at 30 June 2024, KEFI owed ARTAR an amount of £ 5,070,000 (2023: £1,776,000).
£2,976k short term loans... of that £1,304k is just interest
this need to be paid off by end of year.
as of june end, they had just £980k cash |
You have to wonder why the 2nd bank is dragging it's heels? Is there a plan B in the event of the 2nd bank pulling out or offering less than is needed? |
Rob, I stopped reading when it said " not sure how happy people will be". Are you kidding me? |
Funding to be signed by:- October 2020 No before Christmas 2020 PLACING A few more weeks, NOTHING will stop it happening by 31st March 2021 No June 2021 No July 2021 October 2021 Q4 2021 Christmas 2021 PLACING Anytime between Feb -May 2022 PLACING full funding by June 2022 October 2022 construction will start Mid November financial plan 2022 no now it's December 2022 No A month or so (may 23) PLACING No A few more months Q4 2023 End of the year Some time in 2024 No it's H1 2024 PLACING No Mid 2024 No October 2024 More Shares Issued No Q4 2024
Do you get it yet!!! |