Kefi Gold And Copper Share Discussion Threads

[goatherd] 14/12/2019 15:06

But why can't it be different this time?

Personally I believe it will.

[cjm681] 14/12/2019 13:36

@adrian1001 - "The recent RNS clearly states the whole thing will start in January, agreed by the government etc".

You have obviously forgotten that, plenty of times recently, RNS's contain this kind of information, only to be superceded by other disappointing RNS's stating further delays etc.

There is absolutely NO guarantee that money will arrive and mine construction will start in Jan. Stop believing everything the management says, because every deadline to date has been missed.

[tim_the_trout2] 14/12/2019 12:43

TTT
Candidate to be the next PM

[robjm66] 14/12/2019 12:31

Subordinated Working Capital Facility 17.7 - 27.7 14.2 - 24.2 just pointing out the working capital Facility has been increased for TK out of the savings for project.

hxxps://www.kefi-minerals.com/files/announcements/kefi-bank-loan-based-proposal-selected-2dec19.pdf

As for when do we know we are home and dry, its the point where everyone signs on the bottom line which was the next step so even though it might have been knocked back a week or so due to everyone agreeing the change in finance would expect it before January p.s claiming copyright on this post please do not repost especially if I am wrong :-)

Kefi for the many not the few.

[riotinted_specs] 14/12/2019 09:38

Adrian, I agree with the bulk of what you said with the exception of the following statement - We have to have dilution and the best deal possible moving forward -We absolutely DO NOT have to have dilution. Also, the short ANS delay is not so much down to Just Africa, but rather that the paperwork needs to be signed off by each and everyone of the syndicate members. It would be useful to understand if any one member is dragging their heals and holding things back. That is where pressure needs to be brought to bear.

[riotinted_specs] 14/12/2019 09:22

RedRook you ask in your post WHERE IS THE MONEY HARRY? Yet you have no position here, so what it got to do with you. The only time you post it is negative and we have established you have been beaten down and are embittered due to investing poorly - an AIM casualty. There is never a balanced view from you. When times are good for any investor - long term or otherwise - you go back in your box. You are a feeble coward and not to be trusted with the simple agenda of venting your failure. I am quite sure that if you had any money you would invest. This is, however, not the case so it is time for you to go away. Put your energy into something positive rather than hoping others fail to somehow make you feel vindicated for your own mistakes.

[adrian1001] 14/12/2019 07:37

Offensive, haha, you're kidding, people obviously can't read and obviously ignore the facts. We are all frustrated but constantly having a go at HA is pointless. We have to have dilution and the best deal possible moving forward but we are not in position to know anything that goes on behind the scenes.Most of what's written on here by a lot of people is wild speculation with no knowledge of what it takes to get a project like this off the ground, I don't pretend too so just sit back and wait. As I said the other day and most people I think on here accept and realise that until the money comes in the rest of any conversation is just noise. Saudi drill results have no importance right now, yes hopefully in the future but not now.The constant knockers really haven't got a clue and will ignore the facts with no balance. I think HA has made some right howlers but he's seen us through this far and by all accounts is on the verge of getting the first spade in the ground, if this is the case then I'll take my hat off to him if not I'll lose a lot if money. I try to be balanced most of the time and in my adult but pointing fingers and blaming everyone else all of the time with a im right, your all wrong attitude is polarised thinking and very child like. Make of that what you will I care not. Merry Christmas to all the decent patient long termers on here and the newbies who I hope will make some money, I'm off in Asia now until 8 Jan with no phone no email and hopefully when I get back the Kefi coffers will be bulging. IHWT haha

[taxlosstone] 13/12/2019 22:49

adrian1001. You have been rather dismissive & offensive with your recent post. I think that you are going to be mighty embarrassed if you look back at your post 61505 fully 65 days ago. I will be interested to see your response.

[red rook] 13/12/2019 20:58

... there is a lot of talk about getting the Saudi Assay results ... but any results announced will be wasted before the ANS money is sorting out. The only news that the market is interested in is ... WHERE IS THE MONEY Harry ?

... regarding can Kefi sack ANS ... Harry has tied himself too closely with them, and it would cause major problems. The only way would be to gradually reduce their contribution, and then try and get alternative finance for the rest... BUT Harry will not come out and say that ANS cannot find the money!

[riotinted_specs] 13/12/2019 20:34

Me too Jaylett, and I'll tell you what the investment bank community is not at all impressed. I know at least two which are actively watching the behaviour of Ethiopia and the release of promised funds based on Government approval. Large investments WILL be redirected to other nations if this doesn't happen 2019 soon. A few extra weeks or months here and there means a hell of a lot when the problem is compounded across a number of projects and investments. Just Africa doesn't cut it and actually it is now being seen as a concern with Ethiopia. There are plenty of investable fast growing African nations which appear to be more appealing and easier places to do business. And of course other emerging markets. Critical investment will definitely flow out of Ethiopia go elsewhere in the absence of action with our little jr cap KEFI Minerals.

[pjackson2] 13/12/2019 19:19

Can Kefi sack ANS off and look for other investors. Give them a deadline that might wake them up.

[riotinted_specs] 13/12/2019 15:49

Still on track for Jan 2020 development, unless told otherwise. Can't see whiner would go for more short term dilution. This time of the year it would be easier just to go down tools and or create a small accounts payable backlog by not paying wages, which I understand Harry has done before. Or the govt could put their hand in their pocket of $20,000,000.00 for a very short term very small loan. Whatever the case bring in those Saudi Assay results which, on there own, should pop the share price out of this holding pattern.

[digger2779] 13/12/2019 14:05

It is another day closer to whatever news is coming our way. I was hoping it would be different to the usual stuff we have been getting for years but here we are again facing more delays. Why has ANS bothered to get involved? They already have a money back guarantee but that doesn't seem to be enough.

[smackeraim] 13/12/2019 13:50

Another day closer to news. Hold for gold imo

[richsmithsmith] 13/12/2019 13:08

Brandon Hill Capital Note
25 November 2019

[edgein] 13/12/2019 08:44

Come on Harold get us some more of these assays released:

Holes HWD 006 to HWD 008 were drilled to test for the presence of supergene enriched gold in the upper weathered portion of the ridgeline (oxidised zones). Interpreted zones of oxidised gossan were intersected in drillholes:

-- HWD 006 - from 10.2m to 25.5 (15m with ETW 7m).
-- HWD 007 - from 15.0m to 42.3m (27m with ETW 19m).
-- HWD 008 - from 5.5m to 32.5m (27m with ETW 17m).

Exciting times ahead, how much gold can they add to the high grade copper reported.

Regards,
Ed.

[jaylett] 13/12/2019 08:42

Another week goes by without ANS cash turning up. It's easy to talk about pie-in-the-sky long term targets, but the lack of local cash being stumped up is IMO a very real and legitimate immediate concern. Why won't they pay up?

At the very least, another update from the company on the timeline steps and where we are is surely due.

[cybaajak] 13/12/2019 02:55

Seems to me Chopper, CJM & Topicel are the most level headed and rational amongst the posters here.For a Project such as this, originally forecast for build (2017/8) & production 2019, and now delayed by, at least 2 years, can only use the excuse 'because Africa' so many times before it becomes the managements fault for not including stipulations and conditions.It goes further though. The locals being farmers are controlled by the seasons. Small window for disruption for the actual relocation. We have been led to believe this 'relocation' has been occurring for 2 years. The latest was this past September October. Reliant upon ANS funds for recompense which has NOT been forthcoming, its now December. Another season almost over and no further forward.The $20m injection by the EG was definitely earmarked for road access & power so for a poster here to claim the funds are for TK are misleading and incorrect.There have been AT LEAST 8 RNS releases detailing the delivery of ANS funding, A UK Investment circus (March 19), several global Investor Shows, and at each one Adams has reiterated Local Business Leaders as willing to invest, and each time the amounts to be delivered have increased in size, reduced in tranches, until the last one, which, by the size of the reduction IS a concern, not adequately explained. ANS still keep their project %age, yet pay less.I hold more faith in there being more delays than ANS delivering ANY funding. Wether thats Jan 20 (before or after their christmas, wtf are you smoking?), or March 20, 21,..Lastly, the cash burn Kefi had for August to November 2019 was OVER £500k a month. And that was directly attributed to the EXPECTED delivery of ANS funds. 400m shares dilution.Kefi HAS to be running on fumes by now because WITHOUT the funding, what has changed about spades in the ground, house building for relocation, OR infrastructure development ?

[riotinted_specs] 13/12/2019 01:39

Apologies my 55p was a typo it should have been 50p. Please keep in mind the below posts are focussed very much on the comparatively small bridge funding by ANS versus the nearish bond or bank funding which I believe to be $160,000,000.00. Why a long term investor would be focussed on the next few days or weeks for 5.5p says to me that they have a completely different time horizon. If the price was 5.5p now and we only had Saudi Arabia in a rising copper price - I would invest. And in that instance I would forecast 30p in 30 months top slicing at 25p. There is copper in them thar Saudi Arabian-Nubian belt. And it is easily accessible and very, very, very, very high grade. Also for those who have a view beyond one year there is another 1,000,000 ounces of gold directly below Tulu Capi which we will start that mining long before end of TK mine. And the their is the vast lands in both Saudi Arabia and Ethiopia already pegged for KEFI. And of course first movers advantage for other exploratory opportunities

[robjm66] 13/12/2019 00:53

Oh dear Jeremy Corbyn :-)