Kefi Gold And Copper Share Discussion Threads

[richsmithsmith] 19/12/2019 10:45

Added today. The 10 days ANS need for sign off started last week. AGM on the 6th. Eth Christmas on the 7th. GLA

[divmad] 19/12/2019 10:31

If the share price goes down to 1p, will there be an RNS restarting the warrant exercise price lower, to give management their easily attainable free ride?

[jaylett] 19/12/2019 08:25

As we all know, this will slide back towards base camp until our good friends and partners in Ethiopia decide to open their wallets. I just hope that when they eventually do, there's something actually in them to give us.

[oilisgold] 19/12/2019 08:16

No volume at all this morning. Oh well.

[cjm681] 19/12/2019 08:04

@oilisgold - yup, sub-1p coming before 2020 that's for sure. Harry NEVER fails to disappoint and screw over small shareholders. The incompetence is bewildering.

[goatherd] 18/12/2019 19:47

That "but-its-all-in-the-details" in charmer's post only relates to whether or not Ethiopia is, or is not, the fastest growing country in the World.

The article concludes that it may or may not be the fastest, but it is certainly one of the fastest, and is growing at near 10% per year.

[the charmer] 18/12/2019 18:29

h tt ps://africacheck.org/reports/yes-ethiopia-the-fastest-growing-economy-globally-but-its-all-in-the-details/

[cjm681] 18/12/2019 16:56

@goatherd - I know you and I have had disagreements in the past, so it is a pleasant comfort to me that you agree with some of my points. I do, also, respect your points of view, even if some differ from mine. Your comments re. ANS constituents is very valid, my real problem (after 6 or so years of Kefi torment) is that I just don't rate nor trust Kefi management, and never feel as though they are being transparent enough. The fact that so many delays have occurred with ANS funding is very conspicuous. It's been let-down after let-down and if the BoD manage to pull this off I will be relieved but astonished. I am mildly optimistic that the rabbit will get pulled from the hat. But history prevents me from feeling anywhere near optimistic given the fact that Harry is at the helm.

[goatherd] 18/12/2019 16:27

cjm,

While I agree with much of what you say, I would draw your attention to the make up of ANS - in Kefy announcement


not the sort of people to have any difficulty in raising cash!

"ANS have also now nominated its appointees to the TKGM Board as per its right under the
Subscription Agreement of 28 September 2018. These are Ato Hailemelekot Teklegeorgis (former
Federal State Minister of Finance and Economic Cooperation and current chairman of a major
Ethiopian bank) and Ato Wondwossen Zeleke (long-standing natural resources senior executive in
Ethiopia and internationally). In addition ANS have nominated as special advisers to the TKGM Board
Ato Zafu Eyessuswork Zafu (former chairman of Ethiopian Chamber of Commerce and current
chairman of a major Ethiopian bank and insurance group) and Major General Alemshet Degife
(former head of the Ethiopian Air Force)."

[edgein] 18/12/2019 16:13

cjm,

Well not everybody. Sure there are no guarantees in business at any time, but you're talking about investors that have been in various sectors of the Ethiopian economy and are setting up ANS just to invest in mining. KEFI with by far the most advanced project in the country. Ethiopia has had double digit growth for the past years, there's no reason to suspect given that the gov admin issues have been resolved and the shareholder agreements been posted that they won't be willing or able to pay. Given the NAV and IRR of the project and recent meetings they're probably more than happy to do so. At least you do admit that the funds will finally arrive though. And to current investors (to some of them that's all that matters), that'll be a transformative step forward. That and continuous drilling in Eth and Saudi over the next couple of years while TK is under construction is all I care about. What KEFI did years ago doesn't make me any money so therefore I see that as an irrelevance.

Regards,
Ed.

[iamgreat1] 18/12/2019 15:28

Heading towards 1-1.15 area

[edgein] 18/12/2019 15:03

cjm,

"49,419,600 ordinary shares representing an aggregate value of GBP617,745 which are intended to be granted to certain directors and management of the Company to satisfy accrued fees and salaries (the "Remuneration Shares")."

I reckon now that the management have awarded themselves quite a few shares at 1.25p ahead of more assays from the Saudi holes drilled and TK mine construction that the tripping up is most likely over.

Regards,
Ed.

[scrappycat] 18/12/2019 14:57

cjm,

You may be right, you may be wrong, but for you to proffer such specific advice exhibits egotism in the extreme imho. If the company had followed your advice in past, the lights would, in all probability, been switched off some time ago.

Harry has had to suffer the trials and tribulations of dealing with an inexperienced Ethiopian Government for ages, yet still seems to have very good relations with them. Quite an achievement in my book, but lost on you it seems.

[cjm681] 18/12/2019 14:04

@digger2779 - no point in buying at these levels - Harry will always trip up and provide the opportunity to buy in lower in a week or two......

[digger2779] 18/12/2019 13:11

We can now buy at 1.2345...time to pile in
No advice intended.

[scrappycat] 18/12/2019 11:31

digger,

I take your point. I doubt it would have been specifically mentioned in the RNS, unless construction was underway, but I agree that how far it has progressed is unknown to investors.

[robjm66] 18/12/2019 11:26

Last time Kefi provided some photos of men at work they got slagged off as a collection of men with shovels. If kefi did it again you would have people saying where are the giant construction vehicles we use here for motorways!

[scrappycat] 18/12/2019 10:56

cjm,

As usual, it is you that is blind.

The gold is there, the mine will open. The government have not spent 20 million building a road just for fun. If you are suffering an 80% - 95% loss, then you have my sympathy, but the opportunity has been there for ages for you to rectify that situation. Given the EG support (plus, now, other African banks), this amounts to but a very small element of risk - at far better odds than most AIM stocks.

If you are a holder, then why talk down your own investment? If you are not, then you are simply part of the pond life that enjoys trying to spread alarm and despondency.

I am a long term investor, and I am confident of getting a handsome return on my investment in the near future. To say, as you did, in your post, that 'investors do not stand a chance' is ludicrous.

All the above, is my opinion, based on, what I consider to be, a common sense approach.

[robjm66] 18/12/2019 10:51

Q @ A kefi site
What the Tulu Kapi farmers/landowners doing at this time for their livelihoods?

Primarily on-going subsistence farming with the main crop being coffee which is being harvested.
Posted 18 December 2019

[marnewton] 18/12/2019 09:54

I'll never understand the masochistic mindset of investors who don't sell up and move on if they are so unhappy.

M