Kefi Gold And Copper Share Discussion Threads

[oilisgold] 26/11/2019 18:12

Union Chap, its what Harry gets told. One thing most Africans government officials will tell you, " need to milk the cow for as long as possible". A friend of mine when he travels to African countries normally carries a wade of cash. I think you are being optimistic, he has been saying the sane since 2013. But honestly speaking , i think we finally might have turned a corner.

[unionhall] 26/11/2019 17:59

For those of you who take solace in Harry's words here is what he said in an RNS in mid 2015.

He has reiterated the timescale approx every six months since - adding six months to the dates each time.

The Share price was the equivalent of approx 12.5p at the time.

This time is different !>}?


" We remain on track to commence construction in late 2015, plant commissioning in late 2016 and gold production in 2017"

[topicel] 26/11/2019 16:50

Lol, tell that to Khashogi!

Good to see you holding anyhow.

Topicel

[the charmer] 26/11/2019 16:49

Nice 6% increase by COP.

Whats in store for the rest of the week.

[oilisgold] 26/11/2019 15:59

All eyes on the Saudi drill results. Need some nice results to get this moving. At least the Saudi are not corrupt like the African governments.

[smackeraim] 26/11/2019 14:07

Chug chug. Make use of weakness. imo dyor

[shafaq] 26/11/2019 13:52

Yes agree.Think the bod is busy with ethiopia conference at the moment but expecting Hawaih results this week.

[scars] 26/11/2019 13:40

It was less than 3 weeks from drill to Assay results for HWD_001, so results for 2,3 and 4 should be this week. Hopefully a hit like ROCK and RMM today!

[scrappycat] 26/11/2019 13:37

pjackson2,

I, too, have held these for many, many, years, but there is light at the end of the tunnel. I don't blame Harry for being conservative in his timescales. He has suffered so many setbacks on this score as a result of the association with the government(s) of the day. Whatever he does, he gets it in the neck from the pond life, despite the fact that LSE rules oblige him to RNS information that may effect the share price.

At the culmination of all the preparatory work, and after conducting a considerable averaging down exercise when the price was c0.7p - 0.8p, I confidently expect to make a significant amount of profit. I hope the same applies to you, and to all the other LTHs.

[pjackson2] 26/11/2019 13:16

Or should I have said many many many years

[robjm66] 26/11/2019 13:15

Harry probably thought that the interest of African but non Ethiopian banks showed the strength of the project and the potential of mining in Ethiopia plus gives another source of funding for future projects in Ethiopia. Kefi already intimated that they did not want to unpick anything drastically in their response to the recent admin delay.

[mam fach] 26/11/2019 13:09

So little downside @ this price.
Upside massive.
Be brave and hold, just a little bit longer.
MHO

[sweetwaters] 26/11/2019 13:05

Time kills. Do the damn deal.

Harry will bleat again if 'unforseen' issues arise. He keeps putting Kefi in this damn position.

Mentioning the potential additional bank funding was amateurish. Do it or don't do it. Tell us when you're done.

Research updates, keep them coming. That should give some share price support and pause for thought for those looking to trade.

[stockriser] 26/11/2019 12:30

Well that fits with the 24mth plan.

[robjm66] 26/11/2019 12:19

Q and A section kefi website
When is first gold pour scheduled?
Commissioning of the processing plant in mid-2021, first gold pour in H2 2021 and full gold production by the end of 2021.
Posted 26 November 2019

[scrappycat] 26/11/2019 12:10

pjackson2,

Well, at least you had enough faith not to sell, but why so gloomy? Re your post:

'At least 8 weeks to wait and then we still don’t know if funds will be finally released.'

Firstly, there is nothing to confirm that the process will take 'at least 8 weeks'.
Secondly, the RNS states that 'project funding' is confirmed. No ifs or buts, but still some signing off to complete.

[the charmer] 26/11/2019 12:04

Wanting in cheaper

[pjackson2] 26/11/2019 11:57

Can’t see this rising in short term. At least 8 weeks to wait and then we still don’t know if funds will be finally released. New bank details could take months to be passed by everyone concerned.
Plus Xmas is coming and markets usually fall coming to Xmas.
I haven’t sold any and will top up if it drops a lot.

[scrappycat] 26/11/2019 11:42

The prospect of alternative funding, will surely motivate the Ethiopians to complete their admin procedures asap. It has become evident that they regard Kefi as a 'flagship' project, and will not want to lose effective control. Well done Harry for applying some pressure to them for a change, is my take.

[pennstreet] 26/11/2019 11:37

What happened? It was up 8% a minute ago??

[dubian99] 26/11/2019 11:22

Must have churned that £250,000, peanuts, 12 trading days probably done £50k on 13th

[peapod1] 26/11/2019 11:18

Flurry of big buys coming in..????

[mam fach] 26/11/2019 10:23

Was very hard to hold your nerve yesterday.
Was it a tree shake, if so it was a massive one.
Or did holders panic. Don't know.
So far today indication is share price going to recover.
FWIW i'm holding on to mine.GLA