Hope your right EJ , that would explain a total disconnect between share price and Co progress. |
Bloomberg still have RAB at 1.73% but it's not clear how current this figure is because RAB is privately held. I don't think RAB was under any obligation to report further sales unless you have a alternate source? |
Where are you getting info on RAB selldown? Premier Miton definitely are forced sellers as we know they're shuttering the micro cap fund holding Kefi, but can't see any movement reported on RAB. |
RAB Capital appear to be down to just under 34m shares here now - as they are the main seller since the placing announced i would expect a notable bounce once they finally out ( forced seller ). Keep the faith |
If I had a fiver for every time someone on these boards said Kefi was a takeover target, I'd be able to make a bid myself.
History tells us the latest end of Q1 target is simply a placeholder to buy time. They either don't know the remaining steps, or they're not disclosing them, because history also tells us it will inevitably come and go with no tangible progress. End of Q1 will then be memory holed and we're onto the next target date, with accompanying word salad. |
Neiling - progress appears to be relentlessly slow if not glacial but at least there is progress. However, there is still nothing to ignite market interest and I doubt that the market will take much interest until the major works are launched and there is then a timetable to production and funding in place to see the company through. Having cleaned up the company, however, HAA might need to start to formulate a potential defence against predator interest because he will not be able to rely upon shareholder loyalty. That is truly exhausted. |
Might have to ghost you Barry. |
Kefi interview 4.15
"to excellent working relationship...on the other hand majors arriving by the plane load..huge commitments to Saudi Exploration. Out of last weeks minerals forum...potential backers potential buyers. Number of things came out of it from people trying to get in though organisation like ours that have been on the ground. Receiving interest with a number of possibilities optimise over the next two three months.."
Think they have multiple offers so may well be able to get a deal near the amounts quoted by the company just will take a bit of time to weigh up the various deals.
Possible that "backers" might be a source of finance or JV partners. |
Funding to be signed by:-
October 2020
No before Christmas 2020
PLACING
No a few more weeks,
NOTHING will stop it happening by 31st March 2021
No June 2021
No July 2021
No October 2021
No Q4 2021
No Christmas 2021
PLACING
No Anytime between Feb -May 2022
PLACING
No full funding by June 2022
October 2022 construction will start
No Mid November financial plan 2022
No now it's December 2022
No a month or so (may 23)
PLACING
No A few more months
Q4 2023
No end of the year
No some time in 2024
No it's H1 2024
PLACING
No Mid 2024
No October 2024
More Shares Issued
No Q4 2024
PLACING
No early 2025
More shares issued
No it will close in Q1 2025
No it will close end of Q1 |
I agree, any money owing probably would mean a further trip to court. I know we paid $205k and the judge hopes parties can agree interest on those payments. I am always wary of wealthy types going back to court to appeal and throwing the kitchen sink at it.
It would have been good if the judge recommended payment to be passed over within 30 days so we know exactly how much delay before revisiting. As liability has already been resolved we could just go through a County Court to get the payment settled. |
So ANS was a scam and Harry fell for it.If my memory is correct I was at the time of the opinion that this was the missing link and I assumed well researched by Kefi.It was virtually a letter from a Nigerian Prince.Bet we don't see the 200,000 now owed to us shareholders. |
 “To put a similar point in a different way, the Defendant was not buying Mr Demissie’s time for two years, it was buying the chance that Mr Demissie’s efforts would bring about financial close in respect of debt and/or equity and agreeing to pay him if they did within a two year period.”
On the contrary, in my view it represents a clear and workable balance of the parties’ respective interests starting from a context where there was a hope for financial close by October 2018 but all realised there was a considerable degree of uncertainty about that and so a long stop date would be sensible. In the balance of risk and reward, two years was agreed for such a date.
Counter claim
Mr Demissie was saying he wanted USD 100k because he was short of cash but expressly on the basis that it would be off-set from his commission “as before”. It is also clear that there would be no agreement from the Defendant’s side unless Mr Adams got board approval.
It is also fanciful for Mr Demissie to assert and maintain that the 205k Payments were not linked to the ANS agreements and/or the equity contributions to be made by ANS which would trigger substantial commission payments being owed to Mr Demissie.
However, for the reasons which are contained in this judgment, I do not find objectively his evidence merits much weight when balanced against the documents. In this respect, I consider Mr Demissie typical of many party witnesses in that any possibility of genuine and accurate recall gets swamped by the imperative of winning the litigation and the engagement in a process designed to achieve that end."
Well ae against kefi dismissed and counter claim approved on kefi side Judge actually seemed to have all hi marbles.
Shame it went to court obvious that Harry expected TK get over the line within the timeframe of the contract hence was happy to let him have some money that would be paid back in the case it did not happen in the expectation that it would get over the line and any money paid to him would be well worth it to help get a deal done. |
The Defendant counterclaims USD 205,000. |
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) |
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