Some extra cash in the bank now that KEFI have WON the court case! ... The claim is dismissed and the counterclaim succeeds in the sums claimed. |
This judgment will be handed down by the Judge remotely by circulation to the parties’ representatives by email and release to The National Archives. The date and time for hand-down is deemed to be 10:30am on 20 January 2025. |
(Saudi mining) |
Not enough public info to work out for sure so I would be just guessing plus I am not any legal expert. About the only thing that is public is the timescale for the case overrun and it took years (add your own punchline).
About the only thing we do know is if kefi loses money would be paid out on TK launch and either way the market hates uncertainty so there is a plus on getting it out of the way. |
Dude with issues, it is microscopic gold you fwit |
If the soon to be moved residents are actually to be removed?
they would be pan handling the gold right now.
Ethiopia apparently an open market, so what is being dug out of tula K?
Oh, forgot, shovels not ordered yet? |
Rob What are yours thoughts on the legal case. I Dom't know much about it. Do you think we will win ? |
https://youtu.be/2qa2NkthSHk?si=nmnIhb6oBk7jaqS-Just out on youtube today.Why gold is approaching a big re-rate.Follows up Live from the Vault confirmation of a gold re-rate based on closing December futures. |
(Saudi mining) |
Were Candy in the background? whilst more spuds released with monies?
AA is clever, millions achieved, when will he run? |
Candey ve AA, no surprise. |
Judgement scheduled for Monday. |
They went down to 15% to scrub historic debt. With recent funding if needed they can hold their round of 15% for a few months (even if it's spending $2 m a month guessing kefi could manage 15% of that through til summer |
"The Sukari mine is Egypt's first modern gold mine.
Egypt was known in the ancient world as being a source of gold, and one of the earliest available maps shows a gold mine at this location." you have gold prospects across the Arabian Nubian shield dating back to ancient times 1989 is like yesterday. |
Assy was from 1989. If so rich why not mined already?
More words/deals, no action. |
I know this doesn't apply to life-style companies like KEFI but FYI |
They are the definition of a forced seller, 100% so. They have no means of honouring the contract and are now in breach of the agreed terms (>15%). The saleable value of the asset (such as it is) drops daily, as every single avatar on here knows full well. |
The value is increasing. Post the dilution to 15% and funding they are not forced sellers. Can't see theyd need to stump up more than £500k in next 6 m and after that it should be all very controllable. Artur will know that they would probably take a decent offer now but will go up over time rapidly. Still think $50 m fanciful. |
I know what you mean but would have been even worse if kefi sold then G & M got the new area.
Who ever buys Kefi stake is going to get a bargain "the inclusion of a preliminary valuation of KEFI’s 15% beneficial interest in GMCO by assigning US$80/oz of gold equivalent resources." gold now back over 2700.
Froms Artars perspective they are going to want an early house sale as they want to get a new set of builders in and convert it into a palace. |
Neiling totally agree with your post, perhaps I'm just clinging on. |
It's certainly not bad news but from my perspective as a long term investor who came to Kefi for Saudi Arabia it's like rubbing my nose in it. I would never have invested for Ethiopia.With regard to it adding value to our 15% it is impossible to say since we never had a starting point.I have seen some ridiculous valuations quoted without anyone accounting for the reasons we are selling, we are being forced to sell because we have no money.Try selling your house for the top vvaluation when the entire world knows you have to sell or your share sinks to nothing.We need updates on TK but it just keeps sliding.What happened to oven ready, first cab off the rank and I think it's unstoppable was first mentioned about 3 years ago.We are very lucky indeed that gold is going on a massive re-rate.Still haven't sold a single share since 2011, I must be mad but I don't trade. |