That's fine, but you seem to have a problem with the messengers on here, not the message. If the date stated, posted, talk of by HA doesn't come to fruition by that time, it's not the posters on here that's the problem, it's HA's message. |
This is the same for many, even most, AIM shares.
The CEO has to raise funds, so he has to make up a good "story" - most stories will be true, but optimistic, (Some will be barefaced fraud - but that is another story)
In time the CEO comes to believe his story. Mostly CEO's do not understand their investors, and a week or two is neither here nor there to them, and they do not understand the effect it has on the market.
To many in the market every day is critical - I really do not understand why.
It hardly matters exactly when things happen - provided they do happen.
So my policy is to lie back and wait for it to happen. If it doesn't then that is just too bad. But, it usually does. |
#6356
I’ll split the difference then - ‘forecastsR17;.
Either way, it has been missed yet again and as result the trust erodes even further.
Very little goodwill left in the pocket. |
OK, I take your point BUT in no way was that anything other than a target.
The crucial point is that missed deadlines are very bad for share prices. So if it is not a "missed deadline" then only shorters will want to call it one.
So, if you want to support the shorters (or are a shorter yourself), then call it a missed deadline.
But if you don't, don't. |
Dancing on the head of a pin Goatherd !
Nobody made HA write the sentence below. You can call it what you want if it makes you feel better.
“The Early Works programme is designed to take Tulu Kapi through to September 2024, and provide the basis for full close of the US$320 million project finance package and commencement of Major Works in October 2024” |
I do not accept "targets",
I think they are "hopes".
They certainly have no legal import. |
‘Target’ then.
He sets targets and fails to achieve them.
I am sure we can all agree on that.
Either way, the market doesn’t like it and reacts accordingly. |
Deadline is entirely the incorrect word. But, hey ho. |
We know that HA's utterances are basically aspirational, however he frames them, but continually failing in his aspirations has made him look more and more ineffective, so these dates really do matter and it is therefore entirely reasonable to characterise them as self-imposed deadlines. |
What we are waiting for is the bank sign off (we absolutely know that it is coming as otherwise we could not have started the "early works" programme, which, while not as expensive as the full programme, does demand substantial expenditure.
The actual decision to sign is the bank's, and only the banks. So Harry has very little influence on when it comes. (If he did have such influence, then it would have been signed already).
That is why he CANNOT commit to a date. He can hope for a date, but cannot commit to it. |
Yes, Harry did say that.
But in absolutely no way was it a "deadline" to be "missed". It was an aspiration which he hoped to achieve.
It does no one (except the shorters) any good to talk about "missed deadlines" when they really were not. |
Come on HA next couple of days to confirm 2nd bank sign off pleeeease! |
no worries |
Goatherd,
Been answered for me ! :-) |
Whoa, who put the price up!?? |
goatherd
HA has implied it would be October as others have clarified. Please dont get me wrong I am all in Kefi up to my neck in fact, and only want the 2nd Banks sin off asap like most. |
I think he did (e.g. AGM Statement):"The Early Works programme is designed to take Tulu Kapi through to September 2024, and provide the basis for full close of the US$320 million project finance package and commencement of Major Works in October 2024" |
gisjob2,
Please will you post where HA set the end of October as a deadline?
Because I don't think he did. |
Who would that be then ? |
Someone seems pretty sure it's gonna happen this week fingers crossed |
"Since 2014, AFC has invested over US$1billion in Africa’s mining of precious metals and critical minerals across several countries, and the latest partnerships will further strengthen the sector by driving significant capital flow into the continent." |
"Taiwo Adeniji is currently Senior Director, Investment Operations & Execution at the Africa Finance Corporation (AFC), a multilateral specialist infrastructure financing institution headquartered in Lagos, Nigeria, where he has responsibility, among others, for the institution’s investments in oil & gas, and mining projects.
Taiwo has had over 26 years of post-graduate and extensive professional and managerial experience in several areas of banking and finance. He has deep knowledge and extensive experience with infrastructure and mining policy issues, as well as the analysis, evaluation and financing of infrastructure and mining projects. Taiwo has supervised AFC’s investments in mining projects that spanned different products, including gold, copper, bauxite, and iron ore," |
HA of course. I'm just glad I only invested about 1 year ago. With all the promises is seems so much longer. Long term holders deserve a medal for sticking with KEFI. |
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