His Honour Judge Parfitt (Sitting as a Judge in the High Court) 10:30am Court 11 KB-2022-004658 Demissie v Kefi Gold and Copper Plc For Trial Robed
no counterclaim has been filed with the courts
funny that |
Yea, the raise how ever unpalatable is done now, I won't ever trust HA but to be honest I'm not sure I ever did. I won't invest another penny in KEFI either but equally I'm not selling my holding until TK gets over the line or is obviously not happening. Granted I hold at an average of around 0.6p so although slightly out of pocket I'm aware I don't share the pain of longer term holders. |
I think the Ethiopians have Harry by the balls. |
Whichever it is Rob I have lost all trust in Harry.The deal will be done but the shareholders could still be stitched up and a takeover recommended by the board at a ridiculously low price.The board would not go unrewarded, but long-term shareholders might not reach their breakeven cost.I am okay because I have averaged down for 13 years.I just don't trust him he speaks with forked tongue as the Indians would say. |
 TLT Harrys not that sophisticated my guess kefi hit some problem or delay or some backroom deal was done that meant kefi had to do a raise now otherwise why not wait for the award of the new licence today and do a raise off that back of that? Unless of course the awarding of the further licence areas was somehow connected to the raise.
I suspect but cannot prove that the problem or deal was with the Ethiopian side hence the raise followed by the next day awarding of an new areas and Harrys confidence that licence areas would be given immediately before one was. Doubt Harrys psychic(well past history suggests not) which suggests to me that he received some assurances.
Looking at it from the Ethiopian side what would they prefer kefi to do? Well go all in Ethiopia rather than Saudi (more revenue) and do a listing that means faster expansion and local involvement (more revenue) and do a listing as quickly as possible (listing rules no debt?).
A good question is what the international investors know. Probably they are getting a toe in the door for a probably a small amount of money (to them) in anticipation that TK will get over the line and kefi or its local subsidiary will be awarded further licence areas and they will have further investment opportunities. Possible that they got these assurances from the Ethiopian side rather than Harry or just Harry or why not invest before now. |
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? |
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