Actually neilng, it was the BB he intended - he is a ramper who has put the identically headed post on a LOT of other BBs.
He is a "blue" name - so nothing I can do about it. :-( |
Wrong BB.Move somewhere else. |
Hargreaves Lansdown Nominees Limite. 21.50%
Interactive Investor Services Nominees Limited 16.60%
Vidacos Nominees Limited 8.20%
Morgan Stanley Client Securities Nominees Limited 7.60%
Lawshare Nominees Limited 5.00%
Hsdl Nominees Limited 4.90%
Jim Nominees Limited 4.40%
Nortrust Nominees Limited 4.20%
Pershing Nominees Limited 3.90%
Barclays Direct Investing Nominees Limited 3.20%
Directors, other employees and Persons Discharging Managerial Responsibility (PDMRs)
5%
Shares not in Public Hands
Total Accounted for 84.50% |
‘Free Beer Tomorrow’ |
You've got to say this mob are the undisputed masters of the dangled carrot. Untold riches are always just around the corner. |
The olde 'Several parties are interested' routine, eh.
Sounds like something you'd expect from a back street second hand car salesman. "One careful owner and runs like a gem".
goatherd excepted, natch. I wonder how many, if any, are buying into that? |
"Together with its partners, ARTAR in Saudi Arabia and the Ethiopian Government, the Company will now evaluate a range of proposals from third-party investors. These proposals include potential opportunities to either acquire KEFI's shareholding in GMCO or invest in an alternative way that strengthens the Company's continued growth and development."
Have a lot good cards to play kefi might even be considering a bigger tie up between Saudi or Saudi investors into Ethiopia. Think people ae going to be pleasantly surpsied. |
7196 post. |
The change from “two to three months” to cut off after little over a month suggests to me that already they have a good offer so want to crack on. |
"He sounds like Emperor Palpatine." (Spoiler alert) well if Palpatine can make a comeback after being chucked down a hole. |
Unlucky estseon. |
I guess it depends how frequently, and when last, both sources are/were updated. I presume that nominee holdings are classified under the General Public holding and the top holders list excludes those held under nominee accounts. |
Ownership Breakdown
What is the ownership structure of KEFI?
Owner Type Number of Shares Ownership Percentage
Private Companies 58,663,493 0.968%
Public Companies 200,452,826 3.31%
Individual Insiders 242,647,877 4%
Institutions 1,945,394,702 32.1%
General Public 3,611,934,102 59.6% |
That list does not accord with the Company's web site.
I hold more than 0.27% through Interactive Investor, which holds, as nominee, 16.6% for PIs. |
A bloke down the pub. |
7201
Where did you get that from? |
Thanks for that Monte , so RAB below .27% I guess i.e less than 25m shares . So RAB 34m reported by EJ probably right as they will have continued selling out. |
 Top Shareholders
Top 25 shareholders own 36.96% of the company
HBOS Investment Fund Managers Limited
5.84%
Shard Capital Partners LLP, Asset Management Arm
5.08%
Barclays Bank PLC, Wealth and Investment Management Division
3.75%
IG Group Holdings Plc, Asset Management Arm
3.14%
WH Ireland Group plc
2.86%
Premier Fund Managers Ltd.
2.51%
HSBC Global Asset Management (UK) Limited
2.01%
Aristidis Anagnostaras-Adams
1.89%
Charles Stanley & Co. Ltd, Asset Management Arm
1.36%
Eddy Solbrandt
1.35%
DBS Group Holdings Limited, Asset Management Arm
0.97%
Fidelity International Ltd
0.85%
Close Asset Management Limited
0.65%
John Leach
0.6%
ABN AMRO Group N.V., Asset Management Arm
0.51%
Jarvis Securities plc, Asset Management Arm
0.47%
Peel Hunt LLP., Asset Management Arm
0.44%
Peak Max Investments Ltd
0.42%
Citigroup Inc.,Banking and Securities Investments
0.39%
ING Groep NV, Insurance and Banking Investments
0.38%
UBS Asset Management AG
0.35%
Saxo Bank A/S, Asset Management Arm
0.32%
Stifel Asset Management Corp.
0.28%
Lloyds Banking Group plc
0.27%
Exelia Technologies Ltd |
"All this advancing as foreshadowed"
He sounds like Emperor Palpatine. At least the Death Star actually got built though. |
From Q & A section kefi webiste
Various questions regarding Tulu Kapi, Share Turnover and Executive Salaries
Q. Why one year later after stating AFC country membership has been granted, is country membership for AFC still going through the approval/ratification process? Not a worry as it is being fast tracked through Parliament but still a puzzle based on the above suggestion they already had membership on 3rd Jan 2024.
A: Ministry has approved. Parliamentary ratification awaited AFC credit approval, issued December 2024.
Q. Taking guidance from the Q&A reply on 24th May 2022 is it still a 24 month timeframe from mine construction to being fully operational or have you managed to shorten the timeframe? If it hasn’t been shortened, how will you, as suggested in presentations, get commissioning in second half of 2026 and a full year of operation in 2027? Can other works proceed whilst the Community is being moved? Will it take up to a year to move the community?
A: Community resettlement starts at the beginning of Major Works. Commissioning starts before the end of Major Works which are designed to deliver full production.
Q. What is the exact timetable for the resettlement of the local population at Tulu Kapi?
A: A small area is resettled prior to Major Works. The rest are sequenced as appropriate within the Major Works.
Q. Does Kefi anticipate receiving an extension to the 2035 license expiry date as potential further discoveries are made extending the life cycle of the mine beyond this expiry date?
A: The Mining Licence contains the right to two 10-year extensions.
Q. Harry mentioned in his interview with Proactive Investors that developing a series of projects in Ethiopia to follow on from Tulu Kapi is planned as it’s what fund managers who he has presented to want to see. Can he confirm that this will be funded at subsidiary/project level or via farm outs and the anticipated 80% holding in TKGM will not be reduced significantly?
A: KEFI will maintain its stated focus on regional/subsidiary level funding.
Q. Most current investors would like to hear that no further placings will be done before before funds flow from Tulu Kapi in 2027. Can Harry confirm that in the event Saudi assets are sold for the valuation or more in the presentation ($80 an ounce) that, indeed, the Company does not anticipate any further placings before Tulu Kapi is operational with the proviso that it may keep that option open of the share price starts to reflect the NPV to a greater extent?
A: That is the intention.
Q. Kefi stated in the recent presentation: “up to US$30 million in the form of gold-linked preference shares of KEFI Minerals (Ethiopia) Limited expected to be issued as the Ethiopian Stock Exchange is launched (currently scheduled to be by the end of January)”. The Ethiopian Stock Exchange has launched - does this statement and timescale still apply?
A: All this advancing as foreshadowed.
Q. In the recent presentation Kefi stated that: “the remaining US$30 million is being finalised with certain Middle Eastern and other sectoral investors, as the Company looks to conclude the optimal financing scenario from interested parties.” If this is finalised as envisaged in the statement above will this result in a reduction of the % holding of Kefi in TKGM to say circa 70%? With the Govt. investing $20m for 10% and up to $30m for 10% being raised from gold-linked preference shares of KEFI Minerals (Ethiopia) Limited will this create a benchmark for the % that will be relinquished for “the remaining US$30 million being finalised with certain Middle Eastern and other sectoral investors"?
A: Yes, now that banking has settled down adequately, we will run-to-ground several parallel streams of work to optimise the outcome for KEFI. Please note that it is proposed that the gold-linked preference shares have no rights of conversion into voting stock.
Q: I read that Premier Miton is winding up its microcap fund. Also see that they were a recent KEFI investor. Does this have a serious impact on KEFI?
A. No impact. If Miton did sell, its holding is less than a day's average turnover in KEFI shares.
The wind-up of the small-cap fund specifically reflects the general malaise of UK small stocks - KEFI is one of the survivors where many have fallen.
Q: KEFI shares turnover more than 100% per annum. You seem to deliberately attract share traders rather than long term institutional investors.
A: The 100% turnover is healthy. Institutional investors will get involved as the company’s business grows and matures.
We have in the meantime built a syndicate of large institutional financiers at the subsidiary level.
Q. Please provide detail on executive salaries.
A: We provide the following details in respect of the Executive Directors, whose remuneration is disclosed annually in statutory accounts.
The Executive Chairman (EC)and Finance Director (FD) were founding directors in 2006, when KEFI was spun out of Atalaya Mining (then EMED) to separately focus on exploration in frontier markets.
All their remuneration is detailed in the statutory accounts. Other personnel remuneration is subject to privacy.
The EC and FD received nil remuneration from 2006 until 2013 and since then received an aggregate of £250K in cash per annum and £270K in shares pa at prevailing market prices.
Approximately 75% of their aggregate remuneration was recharged to the operating joint ventures to compensate KEFI for services provided to partners.
All pay rates are based on independent industry surveys. Policy, implementation and review are in accordance with the details set out in the statutory accounts.
The pay rates and systems are also independently reviewed on behalf of the partners and financiers providing development capital.
Posted 22 January 2025 |
Saudi Arabia has chosen six local and international mining companies for its Exploration Enablement Program designed to boost investments and enhance the competitiveness of the sector.
Royal Road, Ajlan and Bros Holding, and EV Metals Group were selected for this first phase of qualification, as well as Ma’aden, Gold and Minerals Co., and Al-Masane Al-Kobra Mining Co., also known as AMAK.
A total of 49 applications were submitted
Funding page 5
Before anyone asks I do not know how many licence areas this covers or which ones the JV applied for or if the rights are transferable to a new JV partner. Might be worth kefi holding onto the areas till its gets a good deal if costs are going to be covered anyway and this should make the areas more valuable to Artar or could make sense to do some extra drilling to bump the sale price up if the money is covered by this. |
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