Morning Charles - I am good thanks. I will pass on your regards to Barry. When I next ‘see’ him. |
Hello Barry how are you these days? |
If finalising funding and commencement of TK in short order is the slam dunk that it is portrayed to be on the freebb, why would he need to offer any discount at all ? Would-be investors should be biting his sausage fingers off. |
The company is going to need substantially more equity capital to invest in Ethiopia. To do that it needs supportive institutional investors, ones who expect to make a profit. Making large, persistent losses is not exactly consistent with that. Offering billions of shares at a deeply discounted price prior to good news was necessary to keep them on-board. That’s my reading. |
Q - what do you put in stocking fillers?
A - Stockings are often filled with small gifts, such as:
Sweet and treats: A sweet treat for those with a sweet tooth.
But Christmas is still far away, and there is a better way
and at the moment KEFI shares are the right filler. |
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. |
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