Another 930mn to come from the conditional placings as I understand it. |
Shares in issue October 2013 before the open sore of this vanity project was acquired were 499 million.
Adjusted for the 17 for 1 consolidation 29.4 million.
Current issued SC 7,047.6 million.
Cumulative dilution 240x |
The cost of the Director’s remuneration over the past decade has been a disaster for shareholders. Most of the latest funding round would have been unnecessary with more sensible remuneration for an AIM business with no revenues and glacial progress. Ethiopia. Gold mine. Director Remuneration. Three red flags. |
 Went on the mining cadastre its one of the areas kefi applied for.
The concession area is found between the Oromia and Southern Peoples, Nations and Nationalities Regional State.
The Konso Project is approximately 635 kilometres ("kms") south west of Addis Ababa and near the city of Arba Minch. The exploration licence ("EL") awarded to KME covers an area of 22 square kms and covers those areas of interest highlighted by Vale's field results.
"Our portfolio of assets in Ethiopia is now expected to grow and we look forward to providing further updates on this and our expected Ethiopian Stock Exchange listing of KME securities, which is designed to unlock additional subsidiary funding sources from qualified investors in Ethiopia who KEFI continues to develop relationships with. These funding strategies, as with those already being successfully applied for our flagship Tulu Kapi Gold Project, are designed to enable KEFI to maximise local alliancing whilst minimisng financial reliance on the plc level." |
Of course it could just be a cheap smokescreen to allow HA to continue to kick the TK can down the road for a little longer while looking busy.
I don't see much difference in spending money proving up a resource in Saudi rather than Ethiopia though. Apart from being the majority owner in Ethiopia. |
BOL!
You simply couldnt make this up.
Who on earth in their right mind is buying any of this (in any sense)? |
I guess it does mean HA is convinced TK will happen otherwise no point in further projects in Ethiopia if you pi$$Ed the government off on your first.
The RNS is seriously lacking a few details though like how much was paid, a map of potential resources and a few of Vales results to date. |
Its starting to feel a lot like Xmas |
Noooooo, a positive RNS. Does that mean Harry will do another raise tomorrow? How on earth has he made us like this😢 |
What kind of crackpot lunatic wants to get even more balls-deep in a two-bob country that has virtually bankrupted their Company? They've been given the runaround for a decade over Tulu Kapi; hey I know, let's have a crack at another one.
The 'pipeline' is clogged, it has a dirty great steamer wedged in it. Best not to curl another log out just yet, Harold. |
Great news for my grandchildren. Oh no, this is Kefi. My great, great grandchildren. :-) |
RNS
Exploration Licence Awarded to KEFI in Ethiopia for Critical Metals
KEFI Executive Chairman, Harry Anagnostaras-Adams, commented: "We report today the first of a number of opportunities we plan to pursue via our Ethiopian holding company KEFI Minerals Ethiopia Limited, KME. We intend to progress exploration and, in due course, to establish focused regional alliances to pursue the cherry-picked critical metals opportunities wherever warranted.
"The regional exploration team has been busy quietly building our pipeline over the past few years under Dr Kebede Belete, who was instrumental in the discovery and progression of the high-grade Tulu Kapi Gold Project - KEFI's flagship project.
"Our portfolio of assets in Ethiopia is now expected to grow and we look forward to providing further updates on this and our expected Ethiopian Stock Exchange listing of KME securities, which is designed to unlock additional subsidiary funding sources from qualified investors in Ethiopia who KEFI continues to develop relationships with. These funding strategies, as with those already being successfully applied for our flagship Tulu Kapi Gold Project, are designed to enable KEFI to maximise local alliancing whilst minimisng financial reliance on the plc level." |
Piling in at 6p then at 5.5p, when will it end?
katsy probably has the answer. |
Predictable day following last nights news. Only hope now is that this was to clear the risk and prove to the banks the company is ready. If funding is still in the air by March then it will be even more of a disgrace, must admit the language used in the RNS is flippant, ‘next month or so’ what kind of reassurance is that? On target to close funding end of Q4 well only 2.5 weeks until people close off for Xmas. |
Please please get rid of this absolutely useless person at the "top" of the company. This man is doing nothing worthwhile and continues to take our money as a massive salary. FFS GET RID OF HIM. This amounts to taking money under false pretences and I do not understand why anyone can be so absolutely useless and still be there... |
A salary of 500k each year. You all really think he will let go of this life style scam. |
I remember KEFI was suppose to be the share to buy me few mire farms.
Fast forward a decade and our GREAT CEO is still screwing us over. |
0.40s just for clarity LOL |
Soon be in 40s |
Really, no you should be ashamed of all your blatant ramping, 50p lol. Now tell me which one of TK funding RNSs has come true? My conscience is clear. |
Katsy,
That is simply not true.
No. It is a deliberate lie.
You should be ashamed of yourself. |
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