The only talk that matters is the director proving his talk!! |
 "Its the same kind of sources that have put out half truths in the past you notice they do not mention that kefi are exiting Saudi to concentrate on Ethiopia as that would not fit their agenda as that demonstrates that kefi will be cashed up and are fully committed to Ethiopia.
Company targeted as they have not played the game in past the sources have probably not been reined in (yet) as it has suites the Ethiopians for kefi to exit Saudi and concentrate on Ethiopia. Now the Ethiopians have got what they want and signaled they happy by awarding a new licence the article was kind of date as soon as it was written." My post lse.
Explains the cash raise Harry put on the spot and effectively made to choose either Ethiopia or Saudi long term in my view. Think Harry did not lie to TW he was just ambushed and forced into a raise and to choose Ethiopia over Saudi as the main priority. I would not be surpsied if he has been under pressure from Artar to make Saudi the main priority so in the end something had to give. |
Agree with you about the GM even a virtual one with questions after would have been something.
The plan previously was to do some more work on the Saudi projects to raise the sale price so you would have thought even worst case scenarios would have been enough for the areas to be a security against a loan but maybe they could not be borrowed against as kefi did not totally own them only had a slice or share that would be realized on a sale. |
Furthermore, the coward should have been prepared to meet and face up to shareholders at a GM convened in the UK, in London, not in his backyard in Sydney for his convenience. |
Rob,
The investment in GMCO has been relegated to being an investment held for sale. Why could they not raise bank finance offering the shares in that investment as collateral? Based on the restructuring price, that holding is worth a minimum of $15m.
The costs that had to be met would have been known. |
Still waiting for a ten year backdated check.
Joking apart think maybe some money goes to “directors talk” some to Proactive some to Edision and the occasional piece from Orior, assay TV and investor meet. Of those I would say Directors talk is a waste of time Edison is usually poorly written you could probably do a bettor job yourself with Chat gpt.
Proactive are hit and miss depends on the interviewer and how effective harry is on the day and are often done because the company has put its foot in it or forgotten to emphasize a bit of news. Investor meet are better as it more in depth and the company has to answer questions.
Best of all is Orior but I expect that is pricey to reflect the quality. |
Well I, for one, are not.
And I very much doubt if Rob is.
Are you Katsy? |
I wonder if Rob and Goatherd are part of this £1.4m pa promotion package from Harry. |
"or they simply miscalculated timescales"
By about a decade.
Wed, 03rd Feb 2016 09:15 Alliance News
LONDON (Alliance News) - KEFI Minerals PLC on Wednesday said its Tulu Kapi gold project in Ethiopia is on track to begin producing in 2017, after the company agreed financing with two lenders. |
Lol in out in out shake it all about... Defo trade coming up... |
Do any avatars know if there is an effective vaccine for Stockholm syndrome available?
tia |
‘miscalculated’ - LOL. |
I suspect the company were forced into it either by a one of the parties dragging their feet either though bureaucracy or to put the pressure on for a backroom deal. Ifs that the case no way kefi are going to cause embarrassment by advertising the fact now they are going all in, in Ethiopia and any dispute or problem has been settled.
Other alternatives are they had to be cash positive to list in Ethiopia or they simply miscalculated timescales. |
Well said esteon!
Have others got the guts? |
I will vote my shares against the resolutions.
The Special Resolution requires a 75% majority. As has been done on a number of occasions in the past, the GM has been arranged to be held in HAA's back yard so that he can drink himself under the table celebrating another screwing of shareholders.
Shareholders who bought at the time that Kefi first bought into the Nyota project at 2p/share (before consolidation) would need 34p/share just to get their money back.
The Board has offered no explanation as to why shareholders must suffer again to provide finance for items covered within the budget of $320m which supposedly is about to be formally agreed.
The Board should not be allowed to protect their interests at shareholders' expense having regard for their cumulative abysmal performance and value destruction over the last 12 years. |
(Ethiopia mining) |
“In terms of the streaming agreement, Wheaton Precious will pay Allied $175m in four equal installments equal to 6.7% of payable gold from Kurmuk, reducing to 4.8% of gold once 220,000 oz has been delivered. Wheaton Precious will pay 15% of the spot price of gold. Allied also has the option of buying back the streaming deal.”
The way is now paved for the balance of Kurmuk’s $450m capital cost to be financed. Allied said previously it was planning a prepayment deal.
Allied raised C$221m ($157m) in an equity raise during October with Wheaton Precious buying C$20m ($14.25m) in stock.” |
VANCOUVER, BC, Dec. 5, 2024 /CNW/ - Wheaton Precious Metals™ Corp. ("Wheaton" or the "Company") is pleased to announce that its wholly-owned subsidiary, Wheaton Precious Metals International Ltd. ("WPMI") has entered into a definitive Precious Metals Purchase Agreement (the "Gold Stream") with Allied Gold Corporation and its wholly owned subsidiary Allied Gold Services Inc. (together, "Allied"), in respect of the Kurmuk Project located in Ethiopia (the "Project" or "Kurmuk").
"Wheaton is pleased to announce a streaming agreement with Allied to advance the construction of the Kurmuk project, which is set to be the first commercial gold mine in Ethiopia," said Randy Smallwood, President and CEO of Wheaton Precious Metals. "This fully permitted, high quality development project offers significant exploration potential, supported by a team at Allied with a proven operating track record. We are excited to partner with Allied to unlock opportunities that empower the local communities and help drive the growth of Ethiopia's emerging metals and mining sector…"
Maybe kefi should also be looking at deals like this in addition to listing? Anyway a big vote of confidence in in Ethiopia and its mining sector. |
(Ethiopia general)
(Ethiopian and African banking)
Following the implementation of the comprehensive macroeconomic reforms of the country, the spokesperson said that various foreign companies have visited Ethiopia, showing keen interest to invest in the country.
Over 20 foreign companies drawn from various countries have visited Ethiopia over the last two weeks alone to explore investment opportunities in the country, he added.
The companies expressed their interest for investment particularly in agriculture, manufacturing, ICT, tourism and mining sectors, he stated; underscoring that concerted efforts are underway to create enabling environment for investors. |
Well do not subscribe to TW but anything is an improvement on kefis marketing and PR if kefi PR and marketing were better i suspect they would have had an easier time of it over the years and maybe done joint venture and been more successful with its deal making.
Jaylett you have to rotate the street view then you can watch them having the turkey sandwiches on the second. |
Dan, put yer pension in here! |
"The General Meeting will be held at on 2 January 2025 at 12:00 p.m. (AEDT) at 49 Pennant Avenue, Denistone East 2112, NSW, Australia."
Based on Streetview, that appears to be in some bushes. Is Harry doing a bit of artisanal prospecting or just peeping through someone's windows?
We laugh at frontier markets but AIM really is the pits. Pulling down shareholder's strides and then holding your AGM next door to Crocodile Dundee's gaff. Hilarious.
"That's not a placing; *that's* a placing." |
I'm not sure that any outfit will allow a short, at least cannot find one?
My opinion re TW is on goats fred, sure you can read.
If the likes of chopper harris1 wishes to be conned, sobeit.
Lovers and duffers unite.
Dud btw |
robjm66, your ref to TW and his continual spin.
Remember he spun this to high heaven at 6p! Jump in, I am!
Caught out by Harry with the fund raise, spun at 5.5P.
Spun that yarn also.
Now knocking morons for slating harry, beggars believe?
Whose the moron Tim?
Rather bad advice, time for Tim to retire? |
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