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Recent discussions among investors on ADVFN regarding KEFI (Kefi Gold and Copper Plc) reveal a significant level of skepticism about the company's prospects. Several contributors voiced concerns about the lack of credible updates from management and expressed distrust in the company's governance. Notably, one user lamented, "The contempt displayed by Adams towards KEFI shareholders is really quite outrageous," reflecting widespread frustration about the leadership's failure to deliver on promises. Investor sentiment appears bearish, with many contemplating exit strategies and questioning the viability of the company's current projects, particularly in light of speculative commentary on the stock's potential downward trajectory.
Financial highlights from the discussions indicate low trading volumes and substantial sell-offs, with one comment noting, "People not reacting to events elsewhere... explain the massive sells?" This sentiment suggests a disconnect between market performance and the broader optimism about regional economic revival in Ethiopia. A significant development mentioned in discussions is the anticipation of a pivotal bill allowing foreign banks into Ethiopia, which some see as a potential turning point for KEFI. However, there remains a prevailing belief that without substantial progress in its financing and project operations, the stock will continue to struggle. As one user encapsulated, "Which accounts I wonder... Anyone with scruples would know not to touch this company with a barge pole until they actually proved something of note."
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KEFI Gold and Copper plc has recently made significant strides in its mining ventures, particularly in Ethiopia and Saudi Arabia. On December 4, 2024, the company announced the awarding of the Konso Critical Metals Area exploration license in Ethiopia, highlighting its intentions to explore critical metals such as copper, nickel, cobalt, tantalum, and lithium. This is seen as a promising addition to KEFI's portfolio and seeks to capitalize on previously identified mineral zones. Furthermore, the company is actively raising capital to support its projects, with an announcement on December 2 detailing a capital raise plan of up to £10.6 million, aimed at financing operational expenses and addressing past liabilities.
Additionally, KEFI has taken steps to finalize funding for its Tulu Kapi Gold Project, securing initial approval for an increased bank loan facility from US$190 million to US$240 million, demonstrating growing confidence from lenders. The company is also convening a General Meeting on January 2, 2025, to allow shareholders to discuss and vote on the recent capital raise initiative. Financially, these developments position KEFI well for future growth and exploration, with earlier interim results reflecting robust operational commitment and a diversified project portfolio.
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And how am I trying to convince myself of anything of the sort? There are a few posters on here which love to make things up and struggle with basic comprehension. You didn’t answer Heliman’s question though jaylett, how do you *know* as you are stating your assertions as if they’re facts. I suggest you are guessing, unless you care to share a specific insight? |
Moving locals is not even in the list of Early Works. If you want to convince yourself they've done something that a) isn't planned and then b) chosen to not report what would be a massive development in the build of the mine at TK, then you crack on. |
It’s not me making things up though, is it Barry? See previous posts ^^^ |
They throw out RNS like confetti when nothing has happened, if it had, do you think they would be sitting on it? |
Ughhh, another poster who struggles with comprehension. Heliman quite reasonably asked how jaylett knew that “not a single inhabitant has moved anywhere” amongst other things. Of course jaylett hasn’t got a clue, he’s just got his spoon out again stirring. It could well be that a number of small landowners around key points in the site have already accepted the prescribed compensation and moved - we do not know and this is clearly not price sensitive info and thus not RNS’able in isolation. That is very different to saying “negotiations with the locals had been concluded” as you well know Barry. What’s the point of making up what’s just been said which other posters can see? It’s just pointless time wasting. |
The bloke is just stating facts, they would have confirmed that the negotiations with the locals had been concluded had they been concluded. Simple as. |
and Pray, how do you know this ? |
"As Kefi has commenced an "early works" programme (moving inhabitants, building accommodation etc. etc)" |
On my google search today.. |
Oh and am sure you will also note that I recently stated if the monies were indeed sorted I would reinvest. I would however want to see hard evidence of this if it came to it. Turned out I was absolutely correct to jump at the time I did. You will also be fully aware that in this business it is highly unusual for banks to mess about this much ;) The formation of the umbrella company was also a little odd and also fueled my suspicions of extreme delays which turned out to be well founded.So until then I remain bearish, dubious and that is my right ;)Ps I had pittance in here really. |
Quote away not a problem little man. You don't appear to understand what ramping is. An example is Heir Goats "3p by next week"I actually originally invested because of Adams ramptastic statements which turned out to be pure excrement. A subsequent running theme of his. Didn't take me long to make a good assesment of the real situation. As said before we don't always get it right eh but I certainly do more than not ;) |
Thought doest protesteth too much. No didn't lose anything overall actually only made out of this share but heyho you will try to state differently. |
(Ethiopia/UK) |
Hmmmm. Seems like someone has got caught out and is trying to reinvent history. Do you want me to post more of your condescending ramptastic posts where you’re flatly disparaging skeptics of HAA and telling them you know better and you’ll single handedly move kefi’s share price up by buying more stock? You realise this is all readily searchable, right? There are A LOT of those posts from your account. You would have thought that for someone like you, who is a self-proclaimed smarty pants, you’d have at least created a separate username so the hypocrisy wasn’t so evident. Then to say you invested based on HAA’s “comments̶ |
"royally pumping this stock" We shall leave it there but I did chuckle. Clear you have not been here for the three years as I have certainly never "pumped" this stock. I had once invested briefly when Adams stated in his usual arrogant manner "Closes and hits". The only hit was between the eyes. The man has full of proverbial diahoreea ever since. |
Thing is Aviator, as you conveniently leave out of your narrative, you were royally pumping this stock before and telling anyone that disagreed they were a “fool”. There were several posters telling you that there was a history of dilution and you ignored their warnings. My last post was an exact copy and paste of your own words about Kefi when you were boasting how you were placing large buy trades in the stock. You are precisely the same as 99% of the posters on lse, clearly having bet big and lost more than you can afford on this stock, now bitter and twisted posting incessantly about how it’s a terrible investment, seemingly because you lost so much money here. To cap it off, you previously claimed on multiple occasions that private equity was going to somehow be the saviour of the company - once again showing how you have absolutely zero understanding of those operators and financial markets in general. You made a mistake and lost, why not leave it there instead of wasting 3 years, posting over and over again, trying to undermine confidence in the company presumably to justify your own investment mistakes? It’s actually quite sad that it’s affected you this much. Was it a life changing amount you lost? |
You have no argument. I was here when was 3p told you would go lower and 1p and I'll tell you now it'll continue to drop to par with the odd "pump" along the way. |
Isn't what fool?! Same old same old here. Until proven different and Adams has proved nothing only uselessness! |
It isn't now though! :-) |
Whether you choose advice or opinion mine has been consistently correct for three years! |
You're memory would appear to be fading Heir Baphomet as we have been through that before and I answered at least twice to that very same question from YOU over the last 18 months. Are you just plain stupid or is age finally creeping up with you?! Take your pick. Next I just block you but your posts are ironically comical and you certainly give Basil Fawlty a run for his money. Placing next imvho Need some Saudi news to ramp into it so likely trade coming but you'd better be aware about approaching the end of the moving walkway and get ready to push your trolley over the ramp. |
TheAviator, |
Type | Ordinary Share |
Share ISIN | GB00BD8GP619 |
Sector | Metal Mining Services |
Bid Price | 0.496 |
Offer Price | 0.50 |
Open | 0.512 |
Shares Traded | 5,034,211 |
Last Trade | 09:49:36 |
Low - High | 0.512 - 0.512 |
Turnover | 0 |
Profit | -7.9M |
EPS - Basic | -0.0011 |
PE Ratio | -4.64 |
Market Cap | 35.59M |
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