 Harry first promised full financing in 2015 re Tulu Kapi.
I told investors in 2019 they would be getting no full financing at project level but a fundraising at Kefi level over on LSE...Well How's it gone since FUNDRAISE AFTER FUNDRAISE. A couple of years back and things looked more promising. I felt there were some adults in room and thought ok can see this getting done, but again was no full financing for Tulu Kapi but a fundraise. Fool me once, fool me twice but not thrice... For past year and half I have not had Kefi even in a watch list... Another self made deadline approaches so will add to watchlist as so much hope this time, though I am in neutral. But will sit on sidelines now till is confirmed... My question is having not really looked at Kefi recently is how is the cash balance? Because if low and another deadline is missed will be another fundraise, the 11th since Harry promised full financing was just around the corner and with a death spiral thrown into boot for good measure, that had to endure that saw the share tumble from 2p to 0.6p... It is actually remarkable we are still trading at 0.60p. Thankfully the rampers found me an exit close to breakeven and then it fell all the way back again.
I used to get worked up about it, but just laugh now and whilst I am not approving of lets say Harry over optimism, chuckle... In a funny way I have to not admire but think wow I could not do that have a delay of over 9 years and get 11 fundraise away off the back of it, with it will happen this time... I guess he has managed to find different investors who take attitude losses are in past and I am getting in at opportune moment...Most have come and gone and bitten the dust. Most ceo would not have managed to do that... It is why I nickname Harry, Harry Houdini, he always escapes the chop and manages to find the next bunch of investors, punters. If he had always been straight he would not have managed that... Do not believe much of what he says, rather go by what is actually achieved on the ground. Has enough happened on the ground to hit this deadline of November 5th?...
One thing I will give Harry though and that I like about him is unlike many ceo he has never hidden and has always picked up phone when have called him. Was planning to be living in between here and Cyprus but Brexit put paid to that.
Most punters are only concerned with the here and now and quite right to, but it pays to know your history... Here is a snippet of Harry in march 2015
"The development funding plan for TK is for Kefi to draw down in 2015 in half two 2015 a combination of debt and equity finance. This is expected to comprise US$100 MILLION AND $20 MILLION BY ONE OF A NUMBER OF SOURCES" Also from same month "We remain on track to start development of Tulu Kapi gold project in 2015 for production in 2017... Tick tock, tick tock zzzzzzzzzzzzzz
Harry was 60 when he first promised full financing now 69, not beyond rhelms of fantasy that he pops his clogs before it ever realised... In which case he will have made a living from promising jam that never materialized, genuine, chuckle, chuckle. These days I just find the whole scenario hilarious ie the it is just around the corner thud fundraise times 11... Thanks Harry for the laugh. |
Gates has been buying all for for years hasn't he. Yes it's frightening. UK gov were giving lump sums to sell up. I think around 3mil min for a smallish producing farm. Smells like WEF agenda to me |
Sell to Bill Gates. |
Cheers Goatie. No wouldn't be by myself so not viable really eh. Appreciated |
The aviator,
I don't think 60 cows are a potentially profitable business - unless, perhaps, you are prepared to do all the milking (4 am!) yourself and not be paid for your time.
Automatic milking (where the cows themselves decide when they want to be milked (or perhaps when they want a feed), might help - but I thought that was nearer £100k.
Mark you, I retired over 25 years ago, and haven't read a farming paper since! |
Hi Charles - long-time-no-see, hope you are well.
Indonesian assets - I don't think we have any.
Cheers Richard
Ethiopian assets - by mid November, hopefully next week. |
Does anyone here have an up to date forecast of a funding date for Indonesian assets? Thanks in advance |
Forget the capital investment I've a decent idea about that and not cheap. Quoted 60k for milking equip alone LOL Mama Mia!....but trying to work out how profitable realistically. |
"3p by the weekend" was the nail in coffin Goatie. You didn't help yerself pal.Now I have a serious question about something you likely do know about. Say a herd of 60. How much profit on milk per day?Also how many acres realistically needed. Approx... |
Stuff you too delta. |
Let's see what next week brings. Id have hoped more of a rise prior to news as the lemmings usually buy in. .... |
" I would not say that" |
Now now Heir Goat. We don't accept folk here that call others liars. Not cricket that ol' chap. Whilst you maintain your own Mormanic style rules on your own board keep those same "morals" if that's what you believe here. Otherwise it is a tad hypocritical ;) |
Actually it is not.
Which could be said to make you a liar, though I would not say that. |
Arguments matter not. Facts do and there is not one investor here in profit thus far. That's an absolute fact.That means you ALL got it wrong.Here's hoping for a change and as I've said am level enough to say let's see.... Am just surprised the price didn't move into news dates... |
People who say 'When losing the argument, attack your opponent' act like they've cracked the Da Vinci Code of debates... meanwhile, everyone else just rolls their eyes |
Truth isn’t an attack—it̵7;s clarity. |
Yes, I thought you wouldn't be able to.
"When losing the argument, attack your opponent". |
TBF the biggest and most glaringly obvious one is quite naturally, yourself and your unwavering support, without wishing to cause any offence, of course. |
Name them then!
Including the worn out ones - which obviously no longer count! |
Indeed, most of them are now so old they are frayed back to the pole. |
Well, I am surprised you think the number of red flags is growing. I think there are now almost none, if not none at all. |
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