Kefi Gold And Copper Share Discussion Threads

[cybaajak] 18/10/2019 17:26

The Sanderson Finance Deal for £4m prior to August 2019 fell apart because of 3 reasons. Firstly the Loan security that Sanderson wanted had to be agreed AND shared with ANS, because I presume, the deal was hinged on TKGM. Secondly the funds weren;t trickle fed and handed over wholesome. Thirdly the Share Price Floor was 2p. Remember those heady days ? Before HAA had a GM and required a 0.01 share price floor.

Sanderson Got their wadge of free shares to begin with. Never got the ANS finance security and the deal fell through. Kefi had to keep the lights on so the small loan shark employed by Kefi, suddenly found himself in a remarkable position that so far has produced a flood of over 135 million share certificates, a continuous 20% reduction in ANY monetary transaction from the share price to bank account, that is funded and paid for by Kefi at every turn , so at no cost, or threat at every stage. When the deal is concluded and Kefi has spent £2.25m the Loan Provider will have pocketed at Least £600k in pure profit. (20% discount over a 3 day average that has been in continual decline since the first payment. No charges, no dealing fees, Initial set up fee and restriction-less guarantee on trading. Just No security on the loan OTHER THAN replacement of shares upon handing over the cash.)

The lower the share price tumbles, the more SHARES ARE REQUIRED TO FUND THE AGREED FUNDING TERMS. If ANS fail to deliver there will be NO share price bounce BUT the deal will go on unto completion or when HAA calls it quits and just hands over the printing press.

[chopper harris1] 18/10/2019 17:11

Someone has got to stop this chancer from doing what he’s doing.

This continual dilution in the face of such hostile shareholder reaction (which he surely must be aware of) just smacks of desperation on his part to keep the lights on and pay his ridiculously high salary, amongst other things.

There are just nine trading days left in October. If we are not informed on one of those days that the project has been “triggeredR21; then surely Harry’s position becomes untenable.

[cybaajak] 18/10/2019 17:05

9 days left for a successful delivery of ANS money and a resultant reversal in share price for kefi.

Or a disaster in the making as ANS fail to deliver and HAA is left holding the sadcap as he, yet again, releases another RNS with another delivery date in it.

All the while the scum loan merchant is happy to keep plundering the Kefi long Term Holders wealth with dilution, at the behest of HAA, as in his own words, this deal was the best in terms that Kefi could get. This IS NOT GETTING ANY BETTER. The dilution WILL CONTINUE unabated until at least March 2020, even if the Loan Arrangement is completed. Kefi CANNOT claim back ANY FUNDS from TKGM UNTIL FINANCE COMPLETION. SO HAA will need further finance between December and March to keep Kefi afloat.

Its basic math. IF ANS had paid up the 1st tranche and the share price had risen to 2 or 3p. The loan Provider would STILL BE SELLING large swathes of paper certificates because THAT IS THE FINANCE METHOD HAA has signed too. He just would be selling 2/3rds less than what he is selling now to provide funds to Kefi. And reciprocating, HAA would be diluting less by 2/3rds than he is now.

The worry is that although, as some others keep stating, the UNDERLYING wealth doesn;t change, the relentless share sells to finance Kefi short term has a knock on effect with the share price IF & WHEN ANS actually deliver. Realistically the share price should react with a positive bounce upon receipt but will it continue to rise or fall back because the amount of paper TO BE ISSUED between now and March cannot sustain the support.

[goatherd] 18/10/2019 16:53

Look everyone - this is madness!

If you want to get a shareholders group going at least wait to see if the money arrives this month.

Personally I would give a few days grace - but I understand the opposite view there.

[scrappycat] 18/10/2019 16:36

I suspect a change of government, and an attempted coup, would be considered to provide ample reasons for a delay in funding. Some here, appear to be oblivious to this, and totally clueless in their analysis. Just my opinion, of course, but, in this case, not a humble one.

[deanroberthunt] 18/10/2019 16:27

goatherd needs some help, mentally, he/she is very very unwell.

[thedickster] 18/10/2019 16:26

All these reviews, of reviews. No evidence of the Board "reviewing Harry". I presume they have NEDS. But that's not a proper "job" is it? All lunch and all play makes for a great haymaking day.

[goatherd] 18/10/2019 16:14

catchthebreeze,

Quite logical, actually. The underlying assets have not changed; the project is on schedule (the only doubt is whether it will remain so - and we have been told strongly that it will; and the price has gone down. A Strong Buy is wholly logical.

[cjm681] 18/10/2019 16:13

@redrook - I agree. I would love to get together with PI's to agree an action plan because it is blatantly obvious that none of this is in the interest of shareholders. But nobody is interested. This is fraudulent IMO.

[cl2201] 18/10/2019 16:13

@cjm681 - there would of course be no change to the shares in issue but the funds being reimbursed would help bolster the cash reserves and thus reduce the need for these bucket shop placings.

[cjm681] 18/10/2019 16:10

@cl2201 - thanks for the info. How would that be "repaid" tho? Unless shares are purchased back there is irreversible damage done by increasing the shares in issue.

[deanroberthunt] 18/10/2019 16:06

I fink there's a super giant black hole at 0p

[cl2201] 18/10/2019 15:59

This goes a way back but presumably still applies:

Q: Can the first instalment of the ANS subscription be used to fund or refund KEFI’s G&A?

A: Generally yes, because KEFI’s costs are mostly for project financing or project preparations.

It could and should be, therefore, the case that with this current burn rate at least some will be reimbursed upon receipt of the 11.4m USD and the much larger chunk upon final closing.

[scrappycat] 18/10/2019 15:48

I imagine there is considerable expenditure required in preparing the site for development, e.g. implementation of new procedures following the security review, construction of on site roads, connection of increased mains electricity on site, recruitment etc.

Others will no doubt think of more, and just my guess, of course, but given the apparent imminence of financing, it seems reasonable to assume Kefi will be required to make a start on this, and the money will have to come from somewhere.

[jaylett] 18/10/2019 15:18

Can anyone explain to me why on Earth the company needs cash with such regularity? Particularly given the expectation of the ANS money coming in the next week or so. I genuinely don't understand what's driving this, is the cash burn really that high? Is HAA the one pulling the trigger on these drawn downs, or is it being forced on us by someone under the terms of the agreement?

I appreciate the need for a facility as a last resort, but this doesn't feel like any such thing. It actually feels close to deliberate sabotage, but of course that's ludicrous...

[alamaison5] 18/10/2019 15:16

So, another 27,000,000 shares issue hey? Sold right on time. Now waiting for these to clear again. Last time .74p did marvel to me.
New shares issued at .65p. So KEFI might hit .7p again...
I see this as an opportunity.
Don't you?

[jaylett] 18/10/2019 15:07

I haven't seen "IHWT" posted for a while. Do we? Does anyone at this stage?

[pjj71] 18/10/2019 14:57

the death spiral financing (a masterpiece by the guys who are the beneficiaries btw) is at least regular and can be relied on... its uncanny how certain aim stocks are fantastic at releasing bad news but never seem to muster the long awaited positive RNSs.. as we all know deep down those 'locals' investors have led Harry on a very merry dance for over a year now and are fantastic at expressing an interest as long as they dont have to pay anything... IMO why will that change... see you next Friday for the next installment of the death spiral..