Kefi Gold And Copper Share Discussion Threads

[red rook] 30/10/2019 19:15

In the meantime Harry, there will be more opportunity for 'ISSUES of EQUITY' RNSs to satisfy the secret invester. The last one was at a price of 0.59p ... before long it will be at the nominal price of 0.1p!

[red rook] 30/10/2019 19:13

I have read the latest RNS - Q3 2019 Operational Update ..... and I managed to catch the last 10min of Harry's latest webinar. I will take the effort to listen the whole webinar when it's put on Kefi's website .. but it is an effort to hear Harry drone on ... blaming everyone else, including the PIs, for the demolition of the share price.

As some had predicted the 'TRIGGER' did not come IN October ... and will not be coming by the END of October. Further, Harry cannot say when it will now be triggered.

In the RNS it states that they have all the necessary permits BUT are waiting ...'for the Ethiopian Government to resolve certain INTERNAL administrative matters.'

BUT it then goes on to say that the Government has to ... 'resolve its internal administrative arrangements in a manner WHICH DOES NOT IMPEDE other shareholders' protections.' ..... What exactly are these INTERNAL ADMINISTRATION MATTERS!

I heard Harry quib on the webinar that effectively a few days in the west is equivalent to a few weeks in Ethiopia. IF that is the case, then it may be that nothing is going to happen before the end of November, or even into December ..... AND that's IF the INTERNAL matters do not impede other shareholders' protections !

One would have thought that IF these were just internal administrative matters, and KEFI now had all other relevant permits, then ANS monies could have been triggered to start the important re-location process.

[riotinted_specs] 30/10/2019 16:29

All the stakeholders for any agreement by any company anywhere have to double check any Agreement. That is what deadlines are for. It appears to me that this deadline will be now be missed. if it comes in November 1st, that will be I sufficient for major investment banks who will now decrease their investment in Ethiopia. The sheer naivety associated with the statement that the Agreement needs to be double checked only serves to make Ethiopia look even less investable and more amateur. They just look like silly fools, and the investment in the nation will be hit hard, not temporarily, and not by millions but significantly more. I strongly suggest that all stakeholders do whatever it takes to get this done. In the West we call it an all-nighter and if the Prime Minister can't make this happen then he will he viewed as nothing more than a castrated puppet.

[cutandpolished61] 30/10/2019 16:05

A bit new? It's a first for them, never done before.

[robjm66] 30/10/2019 15:47

Yes did say all the stakeholders would have to double check the agreement as they do not have all the lawyers on tap that London has, usually less lawyers are a good thing!

Should not take forever though as everyone will have agreement in principle to most of it already just its all a bit new in Ethiopia and the do not have the established financial infrastructure London has.

[taxlosstone] 30/10/2019 15:40

I'm grateful that he spoke at length & gave answers to most questions posed. Am I right in thinking that when the GoE finally tick their last box other stakeholders will have to take time looking at the impact it has on them? I think Harry suggested that it'd be a couple of week wait from the GoE "tick". That's assuming of course that the impact isn't regarded as negative by them.

I did actually average down this morning & gave a celebratory cheer when my average price went below 5p. ;-)

[whatnow1] 30/10/2019 15:37

He`s not hiding away, answered all the questions and has £1m invested in Kefi himself.

[robjm66] 30/10/2019 15:36

Thanks Richsmithsmith tempted certainly a opportunity for some of the voices here to grill him face to face.

[richsmithsmith] 30/10/2019 15:34

He mentioned on the webinar that hes in London next week and might be open for an informal meetup with investors. Email info @ kefi to register your interest (already have mine).

[richsmithsmith] 30/10/2019 15:32

Great webinar... encourage all to listen to it.

[robjm66] 30/10/2019 15:32

For some reason he was not a fan of the Aim casino sorry market!

[andysand] 30/10/2019 15:30

He also talked about listing in Australia on the ASX once Tulu Kapi is started. We will have to wait and say how that one turns out:)

[cutandpolished61] 30/10/2019 15:21

Gov’t has asked us to briefly await finalisation of its internal administrative procedures. All stakeholders keen to keep to start-up schedule, so we expect Gov’t go-ahead soon.

[waterloo01] 30/10/2019 15:18

See Harry has his old mate John Leach (ex EMED) with him. John seems to have 'forgotten' about EMED in his biog!.

The pair made a right hash of it at EMED. Not saying this won't do well eventually (and I recently bought a small stake) but not keen on seeing the Harry/John leading this.

[robjm66] 30/10/2019 15:18

Good BRR broadcast harry did try to answers questions.

[scrappycat] 30/10/2019 14:33

delta,

Please tell me how it is a lie, or dishonest, for him to report what he has been told by the EG. If he did not report it, he will be in breach of LSE rules, since the statement to him by the EG is sure to be deemed price sensitive, and must surely be considered to be, at least partially, in the public domain.

[andysand] 30/10/2019 14:28

Yep. I am not a fan of Adams for sure. But I am trying to be optimistic as I said. It's hard because of all of the misleading statements of the past. But all that will be forgotten if the money arrives tomorrow. Like I said: let's try a little optimism. Just got a little while.

[delta0091] 30/10/2019 14:21

andysand - 23 Oct 2019 - 12:01:34 - 61874 of 62146

If the money has not arrived by Nov 1st, many people might consider that a lie.

But if it’s not a lie, then this is certainly misleading. What he does is make claims and promises that he can’t keep. You will only have to wait till Oct 31st for this particular example to (possibly) prove itself.

But it is also very, very common to release good news RNS’s that are soon followed by placings or other forms of dilution. This is then a very blatant attempt to invite buys in order to provide a market for others to forward sell into. Surely dishonest and disreputable behaviour.

So I suppose it depends on what you define as a lie. Is a broken promise a lie? Debatable. But there is plenty of dishonesty. Announcing good news to make a market for sells is dishonest because it means you have inside info about forthcoming dilution that poor PI’s are unaware of. Hence they are shafted; quite deliberately.

The kindest thing he could be accused of is extreme naivety (which he should be fired for as business requires realism).

But I think that would be too kind.

[andysand] 30/10/2019 14:10

If the money arrives, then the bottom is in. Currently up 7.5%.I am 'cautiously' optimistic that we are almost there for the financing. Things have gone wrong for so long that it's hard to believe that they can go right. But the signs look good to me. So maybe we should stop arguing for a month and attempt some optimism. Not easy I know.

[scotty1] 30/10/2019 14:10

From BigBear2 over the road

Approval imminentToday 13:00

Ethiopian JV Tulu Kapi Gold Mines (KEFI as operator, with partners being Gov’t and syndicate of financial institutions) is ready to proceed. Gov’t has asked us to briefly await finalisation of its internal administrative procedures. All stakeholders keen to keep to start-up schedule, so we expect Gov’t go-ahead soon.

[daftbat] 30/10/2019 13:33

Whatnow1, his average will be lower now as he's bought more at far lower prices, but like probably all LTH's, he needs a huge uplift in price to get his money back

[whatnow1] 30/10/2019 13:28

So HAA has roughly £45k of his £915k investment(I/20th)

[daftbat] 30/10/2019 13:17

goatie, your post 62129 just lists his buys as taken off RNS's. It doesn't take into account the consolidation.

Take a look at the RNS on the 13/2/17, where it clearly shows Harry's pre consolidation holding of 90,508,334 shares, and then after he took the 577,932 shares in that fund raise, his post consolidation holding of 5,901,951 shares.

It's simple maths, 90,508,334 / 17 = 5,324,019
5,324,019 + 577,932 = 5,901,951

Now those 5,901,951 shares probably cost him over £900k hence his average price for those shares is somewhere around 15p.

Your sharepad thing doesn't take into account the consolidation.