Kefi Gold And Copper Share Discussion Threads

[jaylett] 28/11/2019 12:03

Why won't ANS pay up? These processes, regulations, customs, whatever are just flim flam. They've had more than enough time but for whatever reason refuse to actually deposit hard cash.

It's extremely concerning and they need to pull their fingers out and get on with it.

[texaschaser] 28/11/2019 11:49

STEVEE60 on LSE says this is a bust flush.

[robjm66] 28/11/2019 11:46

From Q and A section kefi website today.

How long has the development schedule been 24 months? And how flexible is the sequencing within the 24 months?

It has always been about 24 months to full production and is comprised of many subsidiary schedules, each of which has its own critical path and its own flexibilities. Mining only needs a quarter of the 24 months, bulk earthworks a bit more, plant assembly about half of it, community about a quarter of it and so on. The development team and contractors have done this many times.
Posted 28 November 2019

[scrappycat] 28/11/2019 11:16

Rambo,

I cannot let such a brainless, and bigoted, post - such as your 63955 - go by without comment.

If you think Harry has not been telling the truth, particularly in RNSs, then I challenge you to prove it. The Nomad will have checked the veracity of RNSs, and I have no doubt that the contents of the RNSs reflected the truth AT THAT TIME. To imply that he has not told the truth (i.e. lied), shows your total lack of understanding of the LSE rules, and your innate inability to recognise the difficulties involved.

[smackeraim] 28/11/2019 10:10

This is going to catch you all unaware here, I can feel it coming lol

[rambo 55] 28/11/2019 09:51

Correct Topice!Time for Harry to start telling the truth.Where is the now reduced Payment from ANS Harry????Where is it??

[tidy 2] 28/11/2019 08:34

hTTps://www.youtube.com/watch?v=EHa8I45qMMc&feature=share

[mam fach] 27/11/2019 15:26

Last chance.

[smackeraim] 27/11/2019 14:53

Getting closer. Those waiting... don't be too late ;-)

[cybaajak] 27/11/2019 12:44

The following is just from memory of what was written before (can't find it but its there somewhere) the September update and relied on the September Funding arriving from ANS.

The relocation was due to start firstly September, then postponed to Oct/November but was definitely hinged to the ANS funding because as someone remarked a few posts ago, that is where some of the money is going. So no relocation now till Jan/Feb.. almost 6 months into the farmers yearly crop rotation. They gonna uproot crops mid season to move ?

Also tied into that was the forecast for ordering, and delivering "long lead time mechanical apparatus" alluded to Dumper Trucks, Diggers etc. This was all written up with a connection to the actual build starting in March. Lycopodium would be beyond stupid to order, what, $12-15$m worth of heavy plant equipment on the chance the build will go ahead when Kefi been promising that since 15. Without that "LONG LEAD TIME" there is no spare time in the 24 month schedule. Some things written in that Company Release are blatantly and obviously untrue and misleading. With 4 or 5 months removed (Sept 19 to Jan 20)from the beginning of the 24 month (which has been revised so many times now its utterly ludicrous to think its relevant) build cycle for the order and delivery there is NO WAY that production can be achieved before 2022.

[smackeraim] 27/11/2019 12:38

chug chug :-)

[scars] 27/11/2019 12:18

Up or down?

[the charmer] 27/11/2019 12:13

We are on the move again.

[topicel] 27/11/2019 12:05

Tim - it was October 2016 that Harry first said resettlement would commence. No ifs or buts about it - in a webcast straight to camera!

From about 18 months ago I kept requesting Kefi would provide photos on their website concerning this matter, any diggers moving in, anything! You know what we got? A picture of the locals with spades (not even in the ground, mind you) and pick axes all lined up and smiling.

So yes, you are right to be interested in this aspect. It is as much the key to all of this as the missing ANS money! To any outsider it all seems very suspect, and even Harry must know it looks bad.

But he never says anything much about it that means anything - either to the Ethiopians or us long suffering investors. Except words. And they are full of get out clauses. Witness the one you've quoted above with the lovely phrase:

"this intertwined set of steps is now in hand"...

And nothing has changed, despite good appearances and noises. Did Harry buy any more to calm the rabble this week? Did he heck. It is a done deal, isn't it? The project is underway - or was that not what was really announced? The market seems to think so.

Topicel

[tim_the_trout2] 27/11/2019 11:33

Thanks neilng & robjm66


Resettlement is the start of the development program.

RNS 5/6/19 ......

"Subject to receiving a confirmatory letter from the Ethiopian central bank as regards already-agreed project finance terms, we will have received all regulatory consents and financial commitments to trigger the development program (starting with community resettlement and detailed engineering and procurement). What remains then is for TKGM's next equity funding round to close with ANS Mining. The terms for the first tranche of US$11.4 million (Ethiopian Birr equivalent) have already been agreed and we are assembling the updates to TKGM shareholder agreements on already-agreed terms and liaising with the regional government to grant permission to start the resettlement of the community. Whilst KEFI remains reliant on the performance of its counterparties, this intertwined set of steps is now in hand."


Would be nice to know if it has actually started.


TTT

[the charmer] 27/11/2019 11:08

A nice steady ship today....whilst we await in anticipation of the next few RNS's.

[robjm66] 27/11/2019 10:56

Well could do with an update but snippets

“- the money they're giving locals to relocate is life changing and way over what the Gov would give them. No resistance as locals see this as a way to improve their life.
- TK will be supported by local people (employees) and local businesses in the supply chain = big multiplier effect in the economy.”

“The TKGM consortium is committed to maximising local employment and the local flow-on benefits of the Project.”

My notes on shareprophets interview so only rough quotes a bit old now but…
asked for community readiness before funds would flow.. …two things required one is the report on the community checking that every individual house holder is happy and been informed and consulted written up by middle of September triggering once equity comes in first stages are the resettlement.

community past the point of no return…calling for project to be triggered…and start the work on the ground…

Latest rns with the government now at liberty to allocate its holdings between wholly-owned government entities, as appropriate, to “reinforce social licence”.?

hxxps://www.kefi-minerals.com/files/presentations/kefi-corporate-presentation-25nov19.pdf

Page 9 Tulu Kapi Gold Mines (TKGM) has maintained a strong social license to operate and continues to engage with a multitude of stakeholders including government, community, and NGOs. • Environmental and Social standards compliant with Ethiopian regulations and adherent to IFC Standards

[neilng] 27/11/2019 10:21

Can't move without the money.

[tim_the_trout2] 27/11/2019 09:27

I wonder what's happening with Tulu Kapi resettlement.

Recent news was ....
"the first phase community resettlement is triggered in September 2019 for completion in November 2019, which the Company believes is reasonable given that the community is supportive, the resettlement plans are ready and the authorities are very responsive and determined."


Does anyone know any more?


TTT

[smackeraim] 26/11/2019 21:48

Chop chop, not often you see a soon to be funded through to production gold miner at this price. :-)

[scotty1] 26/11/2019 20:09

Shareprophets/HSR updated,you will need a subscription to read all,but basically they infer that the alternative funding which as popped it's head up reflects the improved outlook for Ethiopia,still a buy up to 2.5p with a target of 6p plus





KEFI Minerals – after recently soaring, Tulu Kapi project update sees shares lower BUT…
BY HOTSTOCKROCKETS

KEFI Minerals (KEFI) has updated on the Tulu Kapi gold project including of a launch ceremony at the Second International Ethiopian Mining Conference and Exhibition and “the project's 24-month development schedule is expected to start in January 2020 and the project consortium action plan has now been agreed”…

4 hours ago

[laurence llewelyn binliner] 26/11/2019 18:59

Much as we all apportion the blame for the endless delays to our HAA, the guy really is not responsible for so many of the variables that have held us up, the GoE have to organise themselves inter departmentally and get aligned for the business of miners operating in their country, the banks, mining sector laws and legislation to run it, then there are the security issues to address needing military inputs for our own protection, building a runway to fly Gold out of the compound safely needs further licensing, added to the capital market climate with lenders needing to see enough evidence such that they are prepared to lend in a country with junior governance in the sector to an AIM start-up.. so many things out of the companies control, but I do get the repeat jam tomorrow RNSs do wear you out over time as a holder, I've been in since the NYO take out in 2013, waiting waiting averaging down and waiting..

Every shareholder has the choice to buy and sell on the news, and needs to read in between the news too, it is frustrating as hell but we do all make our own decisions..

We are finally inching forward and it is coming together slowly as the pieces of the puzzle slot into place, another month or so is not the end is it, having got this far in the process..

[oilisgold] 26/11/2019 18:53

I think a lot if traders are underestimating whats to come. Been in AIM for over 20years and can sniff a decent rise to come. Just requires a few more months of patience

[oilisgold] 26/11/2019 18:51

Yep, my 10k investment in 2013 was worth less then 1k few weeks ago. Had written it off. Going with my gut feeling and hence averaged down. The new Ethiopian leader seems a very decent chap and i think kefi are on the right track. Plus Saudi looking very good. Should get very decent Assay results for Holes 2 to 5.