A bit harsh, monte. I only asked. |
"I don't think he will dilute casually."
Ha! Just the 240x since TK was signed, you raving mentalist. |
What an utter clown.
Actually a pair thereof. |
tone,
Interesting scenario. Clearly possible.
But, you also need to remember that Harry has a very large number of shares, which are being diluted as well as ours. So, on balance, I don't think he will dilute casually. |
Is the following scenario at all possible?
Harry goes around touting Kefi to all & sundry, including some institutions. He tells them that Kefi's due for a significant rerate when the funding is confirmed, which is imminent. He advises them to buy Kefi in the open market. This would have the effect of supporting the share price. They say that they'd much rather buy them at a deep discount, but understand that current shareholders might not appreciate further dilution. Harry asks them how much they have to invest & they shouldn't worry about current shareholders, because he never has. Also, directors can then be remunerated with even cheaper shares than in the market, because of the discount.
I can't think of another reason for raising cash on what is apparently the eve of the funding agreement being ratified (unless it isn't). 😱
Whaddya reckon? |
Never mind the Placing at @0.55p, one can buy now at 0.508p
That is the time to fill your socks
The sock has been under the Placing price but always bouncing from here, which so far is support 0.504 v 0.51p |
LOL
Honestly, WALOS. |
Not what I was suggesting - as well you know Katsy.
I think Kefi have an open and shut case - so will not have anything to pay - and if that is so the other side will have to pay most, or all, of Kefi's cost. Few thousands at most. |
goatherd, have you considered using LSE instead? Much more your type of place I think. Full of credulous simpletons and braindead rampers. You'd go down a storm. |
yeah you're right Goatherd, it's only £5m that's just another 1 billion shares to kefi. |
Does it matter though? |
Except that they are not yet the "ex" Saudi assets.
We still own a share - and will get paid for it on a real-life basis; that is, as opposed to a share valuation basis. |
And the confetti machine will just continue whilst we watch the ex Saudi assets boom on their local exchange.Finance deal done RNS would be a good start before a new exploration licence smoke screen. |
When does the high court case against Kefi start? |
Grow up.
I doubt even goatherd will fall for this latest desperate attempt of misdirection.
Well, do I really? |
Another 930mn to come from the conditional placings as I understand it. |
Shares in issue October 2013 before the open sore of this vanity project was acquired were 499 million.
Adjusted for the 17 for 1 consolidation 29.4 million.
Current issued SC 7,047.6 million.
Cumulative dilution 240x |
The cost of the Director’s remuneration over the past decade has been a disaster for shareholders. Most of the latest funding round would have been unnecessary with more sensible remuneration for an AIM business with no revenues and glacial progress. Ethiopia. Gold mine. Director Remuneration. Three red flags. |
 Went on the mining cadastre its one of the areas kefi applied for.
The concession area is found between the Oromia and Southern Peoples, Nations and Nationalities Regional State.
The Konso Project is approximately 635 kilometres ("kms") south west of Addis Ababa and near the city of Arba Minch. The exploration licence ("EL") awarded to KME covers an area of 22 square kms and covers those areas of interest highlighted by Vale's field results.
"Our portfolio of assets in Ethiopia is now expected to grow and we look forward to providing further updates on this and our expected Ethiopian Stock Exchange listing of KME securities, which is designed to unlock additional subsidiary funding sources from qualified investors in Ethiopia who KEFI continues to develop relationships with. These funding strategies, as with those already being successfully applied for our flagship Tulu Kapi Gold Project, are designed to enable KEFI to maximise local alliancing whilst minimisng financial reliance on the plc level." |
Of course it could just be a cheap smokescreen to allow HA to continue to kick the TK can down the road for a little longer while looking busy.
I don't see much difference in spending money proving up a resource in Saudi rather than Ethiopia though. Apart from being the majority owner in Ethiopia. |
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