I have not heard anything on HA since he was in Addis a short while ago but if he is in the Kingdom now i say watch the newswires. |
Now now Goatie. Some general rules and etiquette expected here. Tuna has been spot on so let's be honest would you listen as a newbie to someone who has been on the money or rampers who have lost their shirts and some of them their Grandkids inheritances. ;)Its a real shame but only one man to blame - Adams! Sackable in the normal world if you ask me! |
Fisherboy,
We will see! |
Reports that Harry is in Saudi Arabia as of last night - anyone confirm ?? if he is maybe he penning the details on the sale. |
condor gold agreed to it being taken over ... not even an all cash deal. c 10p cash and 23p in shares of Metals Exploration.
they bought Condor for c£67m... Condor have over 3m oz of gold reserves |
You are welcome allesandro,might see RM do a piece on Kefi |
Cheers for sharing eddie - would be good to get some coverage here i must say |
I can't even watch him he just has that demeanor about him. Small man syndrome imo |
Would expect months down the line Ethiopia does get some kind of access to the sea but no navel base which they probably did not need anyway. The whole Somaliland recognition thing likely to be sorted in the US.
"Another share consolidation should be completely ruled out until TK funding is unequivocally finalised and the project up and running." While kefi basically said no plans I would be happy to see the company rule it out more firmly I opposed the last one as well. |
 chopper harris1 12 Dec '24 - 08:39 - 29628 of 29628 0 0 0
The contempt displayed by Adams towards KEFI shareholders is really quite outrageous.
That another share consolidation has been subtly (or not) thrown into the equation is really quite disgraceful and very worrying. It suggests to me that this funding farce is likely to continue indefinitely to the detriment of shareholders and the benefit of all those connected with the company who are receiving remuneration for their roles.
For those who were not around when the last share consolidation took place: the share price at the time was around 0.003p and there were fewer shares in issue than now. Immediately after the 1:17 consolidation, the share price stood at just under 5p and there were (roughly) 400 million shares in issue.
Now, several years later, with the TK project still not finalised and the interest in the Saudi assets severely diluted, the shares in issue are around the 7 to 8 billion mark and the share price sits around the 0.005p level.
Another share consolidation should be completely ruled out until TK funding is unequivocally finalised and the project up and running. In my opinion, it’s chiefly management’s fault that we now have all these billions of shares in issue, mainly through their greed and mismanagement. They should live with this mess until they finally sort it out.
Consolidation through strength, not desperation. |
The contempt displayed by Adams towards KEFI shareholders is really quite outrageous.
That another share consolidation has been subtly (or not) thrown into the equation is really quite disgraceful and very worrying. It suggests to me that this funding farce is likely to continue indefinitely to the detriment of shareholders and the benefit of all those connected with the company who are receiving remuneration for their roles.
For those who were not around when the last share consolidation took place: the share price at the time was around 0.003p and there were fewer shares in issue than now. Immediately after the 1:17 consolidation, the share price stood at just under 5p and there were (roughly) 400 million shares in issue.
Now, several years later, with the TK project still not finalised and the interest in the Saudi assets severely diluted, the shares in issue are around the 7 to 8 billion mark and the share price sits around the 0.005p level.
Another share consolidation should be completely ruled out until TK funding is unequivocally finalised and the project up and running. In my opinion, it’s chiefly management’s fault that we now have all these billions of shares in issue, mainly through their greed and mismanagement. They should live with this mess until they finally sort it out.
Consolidation through strength, not desperation. |
@donegal - this is a matter for the government and AFC. Kefi cannot reasonably be expected to make formal comments on negotiations between two independent third parties until those parties make a public disclosure on the issue. Whilst there are definitely governance issues at Kefi (like the bonus issue which arose earlier this year), I don't see this as being one of them. |
AFC still not ratified to lend in Ethiopia, the reason why has not been given to us. It's shocking governance. |
A while back the banks actually did not make a last planned visit as they thought there was no need so the statement was reasonable when it was made. So would think it is connected to the fact that the banks plan to loan more money so have to refresh everything and the time that has elapsed more than anything else. |
Uh uh Share consolidation mentioned. 17 to 1 or would he go for 170 to 1 this time round? Gives greater leeway to issue more confetti without compunction, not that it's stopped him in the past. |
this back in Septmber:
Security: all required inspections have now been completed satisfactorily and and no further inspections are required by any of the Tulu Kapi Project funding syndicate members ahead of investment approval. This follows the deployment of government agencies and private contractors. Independent monitoring will continue throughout the life of the Project. |
Harry please answer the following questions….
1. On what date will all the definite documents be signed off by all relevant funding parties?
2. On what date will the 240 mil be transferred into Kefi’s bank account? If funding will be released in smaller lump sums please supply dates for each transaction?
No more Grey areas No more implied statements that never materialise |
Surely you can agree Rob that those responses are nothing short of disgraceful |
Not the same reporter Dud or the same subject.
Edit its a fact that foreign investment is going into the mining sector in Ethiopia the credit rating has improved and it will be opening a stock exchange soon. |
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