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Started: TheCondorMan, Today 01:01
Last post: TheCondorMan, Today 01:01
Removing share price performance for all three milestones as a benchmark and condition for himself and the other directors receiving $millions in bonuses tells you all one needs to know about these guys.. the fact that even he can't be bothered to have a 3p average for 5 days, as a trigger, just shows how confident (or lack of) he is about the share hitting 3p.. even after funding is secured.
dodgy isn't the word... more like contempt
Started: manu17, 2 Jul 2024 17:13
Last post: UPshunt, 2 Jul 2024 21:45
Spose calling someone for out for what they are is a not good for business. I didn't think moderators would clamp down on a bit of descent. I think what they are looking for is serious detailed and complicated descent that rattles investors brains. And to be fair one post just up the road smells of rebellion. Harry apparently wants to milk his chances of short term bonuses.
We don't have all the info but I doubled down and vote against his remuneration package every time it crops up. Others in higher places are now beginning to see Harry is trying to fill his pockets/boots even though share price has sunk over the last decade.
Wonder if we could use the land to plant aubergines, I just have the urge to start an egg plant farm in Africa.
It seems somebody doesn’t like me posts on here there having my post removed. All I said was is Pinocchio at it again.
🤫🤫🤫🤥🤥🤥🤥
Could it be Rob or the real Pinocchio?
Started: MRPlumper, 2 Jul 2024 17:01
Last post: 1plus1, 2 Jul 2024 21:12
the most peculiar part of this sti bonus issue is that it’s virtually a carbon copy of events from almost exactly 3 years ago when tw forced haa to change the bonus structure to be tied to the share price (link below to paywalled article).
*************.com/views/56168/kefi-victory-for-tom-winnifrith-pl-as-executive-greed-gravytrain-sent-into-reverse
TW is absolutely right. It is presented in the annual report as though it is perfectly normal and shareholders are / will be fine with it. It is anything but aligned with shareholders and a mechanism of extracting cash from the business.
I am totally against cash at the STI bonus points. Funding appears to be only a few weeks away and they have just agreed to give themselves 1m !!!!!
A fixed number of shares with a lock in at those points or a fixed number of shares issued when the share price hits price targets. Thats shareholder alignment
Do we get to vote on this new incentive?
Sorry for the late posting had problems with my PC.
TW Bearcast
"On Kefi Gold and Copper (KEFI) I act not, like some, by ranting from a padded cell with posts on this site or by signing in to the demented Telegram group but by standing up to the board over a new incentive scheme…" (Do not think anyone agrees with the new bonus scheme it should be connected to the share price like the old one maybe three or four pence would be reasonable and show confidence in kefi prospects in the short to medium term. Longer term when kefi is a mid cap and hopefully throwing off money doubt most people will mind higher levels of reward.)
https://addisstandard.com/ethiopia-somalia-set-for-second-round-of-talks-in-ankara-with-turkiyes-mediation/ (Ethiopia General)
https://www.ena.et/web/eng/w/eng_4699212 (Ethiopia general)
https://www.newsfilecorp.com/release/215080/East-Africa-Partner-Tibet-Huayu-Initiates-the-Procurement-Process-for-Mining-Equipment-at-the-Mato-Bula-and-Da-Tambuk-Mine-Development-Projects-Tigray-Regional-State-Ethiopia
https://www.fanabc.com/english/deputy-pm-temesgen-visits-akobo-etno-mining-company-in-gambella-region/
Harry and the gang play another blinder
Started: LoveLosses, 1 Jul 2024 15:52
Last post: LoveLosses, 1 Jul 2024 15:52
Thats all the H1 2024 promises now expired
Started: Topshares1, 1 Jul 2024 14:31
Last post: Topshares1, 1 Jul 2024 14:31
Email received 4 days ago suggesting this as a strong buy
Started: Robjm66, 1 Jul 2024 07:48
Last post: Robjm66, 1 Jul 2024 09:21
Interesting that they did a whole interview on the Saudi side though but you could argue that some publicity just on Saudi was well over due. Looks like we will have the results on the 65000 Hawiah Drill program “in the next month or so” and a upgrade in resources to add to the results of Al Goyder drill campaign. Seems a shift to emphasis to Hawiah overall and to launch projects on larger scale. “Jibal Qutman was defined on a 25 Square kilometre area…expanded that are to something like 270 Square kilometres” Hawiah open at depth and being constantly expanded and Artar want GMCO to be the second biggest miner in Saudi after Maaden.
https://gmco.com.sa/
Looking at the sheer scale of what's being attempted her would expect a Saudi listing sometime after an Ethiopian one and farm in or joint venture deals in Saudi.
Nice chap, shame that with his bolt on MBA he didn't advise Harry to try and earn some cash to keep his operations going.
Well we are where we are at.
29 million tons of copper in Hawiah. Even with a low margin say $4000 per a ton it would be well worth funding. Imagin e Kefi had the means to develop a mine there!! just a thought.
Https://www.youtube.com/watch?v=GnQDCIbLaj0
Exploring Mining Opportunities in Saudi Arabia with Gold & Minerals Company (GMCO) CEO Brian Hosking (Kefi and Artar)
Started: dsrt2012, 30 Jun 2024 16:22
Last post: ElectricLion, 1 Jul 2024 06:52
This is why I wanted links the last time dsrt claimed "some sites say kefi will be 0.33 by end of this year" without providing a source. I had a hunch they'd turn out to be AI-generated click-bait garbage, if they even existed at all.
Goodness. I've seen some rubbish sites in my time, but that one is really abysmal. Don't know why it was even mentioned here.
@dst - we get it, it’s yet another negative post from you. One to add to the possibly hundreds from you in the past. Check. Quoting to PoS publication that is Wallet Investor really is scraping the barrel though, that website has no insight whatsoever.
Not very upbeat on kefi ...says tulu kapi won't happen this year and share price to halve...come on harry confidence is lacking now...time to go if you don't do it this year ...it won't happen at all
Started: manu17, 26 Jun 2024 17:06
Last post: sharezy, 28 Jun 2024 08:23
DV - I un-Green boxed you because you were starting to make sense. Price is stable, volume is not far off zero…
Updates will come when they come…
Constant stream of sells every day. We need Harry to deliver some positive news from TK and Saudi.....
Great to see you out and about on here Manu.
Of course my obsessive compulsive addiction to this hasn't gone unnoticed. I have though already got my rationale together prior to HA issuing a detailed apology as to why we are short of a few bob still and we might have to wait until 2025H1 to see a pile of cash in the bank.
We will have to have a fundraiser for the current cash burn, but lets not worry.
This strategy of keeping the product in the ground is by no means wrong. POG could move even further North netting us larger margins, providing we don't go bust before they get the digger out.
Perhaps they could least roll it out for a practice run and excavate the fish pond?
Danners456 I’m a twerp 🤣🤣🤣🤣🤣🤣🤣
Is that the best you can come up with 🤦🏼
Any money come in yet?
Have I missed the signing ceremony?
Manu: investors in Kefi know all the information that you regularly post. What is it that you’re trying to achieve?
Go and get a hobby you twerp.
Started: Robjm66, 27 Jun 2024 07:59
Last post: Robjm66, 28 Jun 2024 07:56
Https://finance.yahoo.com/news/east-africa-metals-completes-crucial-200500534.html (Ethiopia mining)
https://www.morningstar.com/news/pr-newswire/20240627to50744/allied-gold-releases-2023-sustainability-report (Ethiopia mining)
https://www.kitco.com/news/article/2024-06-27/3000-gold-2025-not-crazy-miners-have-significant-upside-over-next-12-months
https://gulfbusiness.com/lme-undertaking-consultation-saudi-expansion-ceo/
The exchange has recently said it is looking to expand its global warehouse network to add Saudi port Jeddah while Reuters reported in January it was also examining opening a warehouse location in Hong Kong.
Separately, the LME will undertake consulting on the “final rulemaking” around the Jeddah expansion, but remains positive on that initiative, LME CEO Matt Chamberlain, said, speaking at the same event.
https://www.argaam.com/en/article/articledetail/id/1737240
These factors make the Saudi market attractive to long-term investors, offering significant returns and dividends, Asmar said, adding that investors previously achieved very positive returns and attractive dividends.
HSBC is working to attract more foreign investments to the Saudi market through public offerings, including its recent contribution to the secondary offering of Saudi Arabian Oil Co. (Saudi Aramco).
The Saudi market has seen strong activity in initial public offerings in recent years, and this activity is expected to continue, particularly in the third and fourth quarters as well as the next year, Asmar noted.
He also believes that there are new mechanisms in the market attracting significant attention from investors.
https://www.zerohedge.com/news/2024-06-26/chinas-missing-gold-reserves-mystery-grows
https://www.zerohedge.com/political/central-banks-appetite-gold-hasnt-been-satisfied
Https://www.at-minerals.com/en/news/akobo-minerals-addresses-operational-challenges-and-advances-towards-production-4117701.html
Production start-up is as such delayed to July/August, but with the latest mine plan showing a significant revenue potential of 20 MUSD in the first few months of full production. The company informed about strategic initiatives started to evaluate ways of increasing efficiency in production and further reduce operational risk, in addition to strengthening local management capacity. (Ethiopia mining)
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/3290-tsx/aauc/163210-allied-gold-provides-update-on-continued-exploration-success-and-project-development-at-kurmuk.html
- Allied Gold Corporation (TSX: AAUC) ("Allied" or the "Company") is pleased to provide an update on the ongoing exploration and development activities at its Kurmuk Project in Ethiopia. Significant exploration results continue to support the high probability of Mineral Reserves and Mineral Resource growth, indicating substantial upside potential. The project, which remains on track for first production in mid-2026, continues to make significant strides in both project execution and exploration activities aimed at increasing mineral inventories, extending mine life, and enhancing overall value and future returns to shareholders… (Ethiopia mining)
https://africafinancecorporation.africa-newsroom.com/press/afc-invests-in-africas-largest-copper-complex-driving-mineral-beneficiation-on-the-continent?lang=en
KINSHASA, Democratic Republic of the Congo, June 26, 2024/APO Group/ --
Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, is pleased to announce the closing of a US$150 million senior loan with Kamoa Copper to support the expansion of the Kamoa-Kakula Copper Complex in the Democratic Republic of Congo. The loan by AFC, who acted both as lender and arranger, aligns with the Corporation’s commitment to support the local beneficiation of Africa’s abundant mineral resources to unlock the continent’s economic prosperity. (AFC and Copper)
https://www.arabnews.com/node/2537951/business-economy (Saudi mining)
Started: sharezy, 26 Jun 2024 12:55
Last post: dvharrison, 26 Jun 2024 22:14
Manu, you are active on the bb today. Doubled your shareholding to 4 shares in anticipation of impending (good) news? Good man, join the party....
Yes he’s used “waiting on security” as well a few years back,read the RNS’s there all there.
“waiting on security to be monitored and signed off (following permanent security on site)”
Manu, logging in just now I noticed you’d feverishly typed something-soon-to-be-hidden by a green box.
Didn’t read it, but I guess you’re not happy about losing some money along the way.
On the plus side, you’ll be able to find a new hobby soon!
AFAIK
The second bank works on their own timelines, and is waiting on security to be monitored and signed off (following permanent security on site).
The bank’s own internal processes need to be completed, and approvals done, then once all the prerequisites are compiled then they sign with everyone else.
Sharezy . Thanks makes some sense , but from this I still cannot see at what point does the second bank sign to agree to all of this . It's there somewhere I think but just not clear ?
Started: manu17, 26 Jun 2024 17:01
Last post: manu17, 26 Jun 2024 17:01
The Company's schedule for Tulu Kapi remains for community preparations to commence this quarter (Q3 2023), ahead of procurement and construction commencement next quarter (Q4 2023), all synchronised with the Government's continued upgrading of security, as already committed.
Started: simongchambers, 25 Jun 2024 18:49
Last post: RichardMcV, 26 Jun 2024 12:43
I don't get the 60 day thing DV, was it not that prices (plant and also compensation to residents moved)had to be refreshed as at the point of finance close move from minor to major works that those prices are only good for 60 days so everything is syncronised to finance close/move from minor to major works?
No 'material matters' have occurred in the past 5 weeks?! The 60 day period beckons (as do further delays?). Tom W might know more than us plebs...
From the Kefi Q&A page published 31/5
Q4: Milestones ahead?
A: We will report any material matters as they occur from week to week. KEFI will also issue monthly update RNS’s as regards Tulu Kapi Early Works, along with any other material developments in Ethiopia or Saudi,
I don't think there's an immediate requirement for an update on early works, would be nice of course, but we SHOULD get an update at the end of the 60 day period for sure.
Its an idea though think the in the case of old mining camp it will be totally dismantled by now. Maybe some before and after shots?
https://allafrica.com/stories/202406250300.html (Ethiopia mining)
https://mfn.se/cis/a/akobo-minerals/bulletin-from-the-annual-general-meeting-2024-in-akobo-minerals-ab-publ-b42717cf (Ethiopia mining)
https://www.mining.com/web/saudi-backed-almar-water-seeks-lithium-partnership-in-chile/ (Suadi mining)
Started: Kingyiddo, 25 Jun 2024 09:54
Last post: meandmymoney, 25 Jun 2024 11:39
Https://www.kefi-goldandcopper.com/files/presentations/kefi-121-confernce-presentation-june24.pdf
Page 11 details all the steps/milestones needed to kick off the major works (construction) at TK in Ethiopia with production starting in mid 2026. So just in time for the USA/Canada/Mexico World Cup in summer 2026.
Saudi Arabia is hosting the 2034 World Cup.
Que?
Well was going to just chill (well try to) literally but as FU2 is missing me.
King should get the promised monthly update Monday on TK and might get drilling results if they are back from what Lab as well “the 5,000m Resource Infill and Expansion diamond drilling programme at our Al Godeyer VMS”.
https://www.linkedin.com/company/gmco-ltd/posts/ today.
“This week, we're thrilled to welcome our 2024 summer training program participants, a talented group representing a wide range of academic backgrounds, to our diverse projects around Saudi Arabia. We're proud to host over 40 senior students, early career professionals, and even PhD students from different Saudi universities..”
https://www.mining-technology.com/news/jubilee-metals-expands-copper/ Africa copper
https://www.ena.et/web/eng/w/eng_4653061 Ethiopia general
https://www.bloomberg.com/news/articles/2024-06-24/creditors-ready-to-give-ethiopia-more-time-to-negotiate-imf-deal?srnd=homepage-asia
https://addisstandard.com/ethiopia-leads-east-africa-in-foreign-direct-investment/
Kind of temporary summer lull in things generally with gold trading sideways and more of a stalemate in Ukraine not quite at the general election here and not at the stage where Biden might get replaced in the states. Main action seems to be see whether bitcoin holds above 60000 and that Julian Assange will be released.
Oh and TAA has been dropped.
Morning,
Can somebody, probably nobody, advise what we are waiting for now? For a long time it was waiting for bank approval, which we got in a somewhat fragmented way, with still uncertainty of the second bank.
I am an idiot, so I could easily be wrong but weren’t we supposed to be all signed off and planning how to spend our retirement now?
I am a ridiculous optimist hence being out in Germany watching another poorly run team, but we are we now waiting for? What is the next RNS target for me to blinding wait and cheer for?
Is it another bank approval? Or are we not waiting on Ethiopia now and hoping Saudi gets us moving?
P.s. It’s coming home
Started: Fukutu, 25 Jun 2024 09:35
Last post: Fukutu, 25 Jun 2024 09:35
Hence where we are at with no posters posting and sp in the doldrums.
Started: deedee1, 22 Jun 2024 12:50
Last post: RichardMcV, 24 Jun 2024 09:44
As I have only ever quietly been let down on these targets I am not going to pretend I am getting excited.
Interestingly all cannot be happiness in the country and those where are little plot of land is.
You wouldn't believe refugees are trying to flee into a war zone.
https://www.aljazeera.com/news/2024/6/11/dozens-dead-missing-in-migrant-boat-sin-king-off-yemen-un
Over 1 month since TK officially launched and no updates? I hope we don't have any further delays to the '60 day' target for finance sign off....
Just goes to show the thirst for gold in Ethiopia, they want this to happen and they want it now. I'll have a piece of that pie please ;-)
Started: deedee1, 22 Jun 2024 12:37
Last post: deedee1, 22 Jun 2024 12:37
If suppliers are bringing 3 kilograms to 30 kilograms of gold to NBE for sale, they will get 67 percent price increases.
And those supplying more than 30 kilograms, they will get 72 percent price increases.
Last Ethiopian fiscal year, the bank was buying gold by paying about 35 percent more than the price at the world market if they were supplying between 50 grams and 150 grams of gold. If the supply amount is more that one kilogram, the bank was paying 52 percent more rate compared to the price at the world market.
Started: deedee1, 22 Jun 2024 12:34
Last post: deedee1, 22 Jun 2024 12:34
Within a week after introducing major policy changes, the National Bank of Ethiopia announced changes to gold pricing.
Those suppliers who supply the bank from 50 grams to 3 kilograms of gold will see 60 percent price increases. It means that NBE will pay 60 percent more money to the existing prices.
Last post: Luthee, 22 Jun 2024 12:32
Sourse*
Interesting link from a new (to me!) course.
And all quite positive comment - a long haul ahead though!
😐
See Edison share valuation!
2.21p to 5.58p....bottom of 2nd paragraph.
https://www.edisongroup.com/equity/kefi-gold-and-copper/
Started: Themaskedsinger, 21 Jun 2024 15:34
Last post: Robjm66, 22 Jun 2024 09:39
Ok you have a cake but you are not allowed to eat it…
Joking apart the share has reduced by a percentage but the overall level of resources and prospects has increased by a much larger amount than the percentage lost.
Started off with JQ licence area lost it got it back with an much increased area. Nearly three times the size and gold price around twice what it was around the time of the JQ PFS in 2014. Its obvious as well more discoveries will be made there in in fact already made one with Asfingia. So say in JQ have a prospect that is worth at least six times what is was originally worth.
https://www.kefi-goldandcopper.com/files/announcements/kefi-renewal-of-jibal-qutman_-exploration-licence-17oct22.pdf
Did not have Hawiah at all originally so that is all gravy and looking at “A doubling of the resource with material of similar characteristics as the maiden resource would indicate an estimated net cash surplus of over US$500 million before financing costs and tax” then you have the discoveries at Al Godeyer and Abu Salal and a healthy copper price would not be surprised if the areas there go the same way as the JQ areas and end up six times what they are worth soon but lets say they are worth four times what they were worth from the start.
Also the lesser percentage and the SIDF loan means minimal start up costs of the projects once they get go ahead from when Kef started in Saudi.
Lots of moans about the value lost in Saudi but I guess its intellectually easier than actually looking at the value added.
1. You see the pie, because it's so crispy and full of juicy fruit and take the shirt off your back to buy it. Being blinded by the fact that you are so greedy you haven't considered the need of (or indeed the additional cost of) custard, ice-cream and spoons and a couple of bowls, you then feel rather sick...
3 but you can't exercise it without exercising 1 and 2.
Maths question you have three pies..
1. Pie one has a 10 inch radius and you can have 40 percent of that.
2.The second Pie is three times the size and but you can only have 24.75 percent of the pie.
3.The third pie will be twice the size of second but you will have to sell 20 percent of it and have 24.75 of the remaining pie.
Which option gets you the most pie?
Couldn't agree with you more 1plus1 (What were you thinking would happen when investing in a highly speculative exploration and development company operating in a frontier market). Have said the same thing multiple times over the years. No wonder they loose their money then bleat constant tripe. Good luck to all those who have averaged down (or recently bought in) and are quietly waiting for a decent return!
Started: Alan-kwb, 21 Jun 2024 22:21
Last post: Alan-kwb, 21 Jun 2024 22:21
I read this quote from Kemi Badenoch today-
This is a 10 or 20-year project. We’ve just started. It’s like building a house and someone comes in and says oh, it’s not done yet, he’s failed. Or you’re cooking something and, five minutes later, it’s not cooked yet, it’s not working, let’s stop.
Remind you of anyone posting on this Bulletin Board?
Started: PaulFG, 21 Jun 2024 09:07
Last post: alanos, 21 Jun 2024 12:35
And they promised updates on this so some further news ought be with us us next week I guess
Given the RNS on May 20th, announcing the launch and the kick-off of the 60 day early works, is it assumable that we're half-way through those Early Works?
Started: Catbert, 21 Jun 2024 12:32
Last post: Catbert, 21 Jun 2024 12:32
Just IMHO.
If the second bank doesn't get on board we have more than enough other options. Harry doesn't want to use a streaming option but it is a possible back stop if needed. A private office is another and there are plenty of these some of whom may have even paid a visit to Etiopia recently.
There is the option to sell a stake to another miner.
Most of the funding is in place the EG is on board and works have begun and yet we cannot shake off the doom.
The bears have this for now. I cannot help feeling more optimistic though.
Started: meandmymoney, 20 Jun 2024 22:25
Last post: Robjm66, 21 Jun 2024 08:40
HtTps://agsiw.org/saudi-arabias-and-the-uaes-quest-for-african-critical-minerals/ (Saudi/African mining)
On May 27, Abu Dhabi’s International Holding Company, a government-backed investment entity, announced it is in negotiations with the Zambian government to acquire Konkola Copper Mines. The move is part of an intensive effort by the United Arab Emirates as well as Saudi Arabia to increase investment in critical minerals as the Gulf oil producing countries strive to diversify their economies away from fossil fuels.
Over the past year, Saudi Arabia has been actively pursuing critical mineral deals in Africa, though it has not yet closed on any. In June 2023, the Public Investment Fund expressed interest in investing in the Democratic Republic of Congo’s critical minerals through Maaden, a state-owned Saudi mining company. Additionally, at the Future Minerals Forum in Riyadh in January, Saudi Arabia signed memorandums of understanding for mining investments with the Democratic Republic of Congo, Egypt, and Morocco. Following the forum, the kingdom established Manara Minerals, a joint venture between the PIF and Maaden, to invest in mineral resources worldwide. Manara Minerals was listed as a potential bidder for up to a 30% stake in Zambia’s copper mines owned by First Quantum Minerals, a Canada-based mining company.
htTps://www.juniorminingnetwork.com/junior-miner-news/press-releases/2840-tsx-venture/peak/162847-sun-peak-metals-completes-initial-2024-drill-program-at-the-shire-project.html (Ethiopia mining)
htTps://www.zerohedge.com/news/2024-06-20/central-banks-how-invest-gold-long-term (Gold)
We are one month into early works, just one more to go. For me its maybe coincidence that the 2 month mark coincides with the AGM in Ethiopia. Might we be signing end of July as that would tie into August break and September to close so ready for October. Could be now into the last month before real news that will re-rate Kefi proper. Hold onto your hats!
Https://www.kefi-goldandcopper.com/files/presentations/kefi-121-confernce-presentation-june24.pdf
Page 11 for the Timetable for TK sign off.
Started: Smellyben, 19 Jun 2024 13:58
Last post: Alan-kwb, 20 Jun 2024 23:09
Well said!!!!
Now s** off, Smelly
You should read the annual report. Dropping below 25% does not necessarily give them the legal right. IAS 18...regs Vs contract.
No Rob - again you are wrong - it was only when Kefis share dropped below 25% that the legal right came into existence - that is why it was so stupid to drop below that level - just because they haven't pulled the trigger yet doesn't mean they cant AT ANY TIME when the timing suits them best when they have rung whatever juice they can from Kefi.
And Bear - so I point out your mistake deliberate or otherwise about what you posted - point you to the factual info you cant dispute and just abuse people - charming
Discussion boards are for sharing info and opinions - are we just allowed to listen to unending ramping from you lot while ignoring FACTUAL information.
But on another point. At end of Dec 23 the account show net liabilities (after offsetting current assets) of £8.6m. They lose £8m a year so by mid June that would have been around £12.6m. They did raise 5.5m back in March so their current debt must be circa £7m. Undisputable figures - I can smell another fundraise before the end of summer
Smelly, talking of naive, it’s pretty evident that you do not understand “arms length transaction” and you have not worked with “billionaire Saudis” despite stating as fact how they operate (yes before you ask, I worked directly with a Saudi family at this level for over 8 years). The red mist that has consumed you from previous losses here has made you lose a lot of perspective. Some of the points you make are not unreasonable except for the extreme positioning you are taking to try to prove yourself right for selling out. Quite why you waste so much of your time posting about a company you have no financial interest in is beyond me - it’s an absolutely bonkers waste of time. Surely you have better things to do with your life than continue in this loop of negativity?!
“Rob asks why Artar would split up with Kefi - well that is a completely naive question - if you could get an asset on the cheap why wouldnt you - billionaire Saudis arent prone to gifting millions of pounds to London PIs if they dont have to” Except Artar did agree to carry kefi did not go for the option of getting assets on the cheap (I.e a lot than kefi more than kefi present market cap that was worked out by an expert) and I put the arguments forward as why they did not none of which Smelly could counter.
If you do not like being ridiculed Smelly stop being ridiculous.