Kefi Gold And Copper Share Discussion Threads

[scrappycat] 28/1/2020 14:35

I am guessing, but it may have been agreed between the ANS and the EG, that the funding should not commence until the work, on the essential part of the infrastructure by the EG, is complete. This would ensure that the funding money is not used by Kefi as working capital (and for brown envelopes??), pre commencement of actual construction, but that Kefi have to take care of that themselves. Makes sense to me, but what do I know.

[shortarm] 28/1/2020 14:26

You weren't making a point though!? You were just being a chopper! Again!

[chopper harris1] 28/1/2020 14:06

No, I hadn't forgot but not the point I was making. Hasn't the ANS funding been "already agreed" for what seems an eternity and still no confirmation of it in KEFI's bank account?

Let's see how "already agreed" the extra funding really is when we get closer to the time to needing it.

[taxlosstone] 28/1/2020 13:57

Dear ANS.
Please excuse this unsolicited open letter. Firstly I want to thank you for showing confidence in the Tulu Kapi development in August 2018. So much confidence in fact that instead of the planned syndication of the loan to your banks' clients, you decided that you would finance the loan in-house with yourselves as the Principals. I would then like to thank you for being so professional & just such good guys to do business with. I know this because Kefi's boss, who I affectionately call Harry, has told us shareholders that. Such good guys in fact that Kefi decided to allow you to change the terms of the loan repeatedly & even added in a built-in money-back guarantee. Now about that money. I was just wondering if after 17 months since the original agreement, whether there was any chance that you might just pay over the first tranche. I'm sorry to have to mention the sordid matter of the cash. I may be acting prematurely, it's not as if we're strapped for cash or anything. If you'd like to discuss this matter with me further, you can email me on [e-mail] ;-)

[shortarm] 28/1/2020 13:23

The already agreed loan....But then you already knew that......Unless you forgot?

[jaylett] 28/1/2020 11:14

At the risk of boring even myself, I again ask the same question; why would ANS return the signed subscription agreements, binding themselves legally to the project and its funding, if they didn't intend to settle the agreement with physical cash? Can someone name a single upside to them if they don't intend to actually pay up? Buying some time is the only semi-logical explanation, however they were already doing that anyway and could have continued to stall on returning the agreements if that was the plan.

Taking it to the next stage only make sense in a scenario where they intend to fund the project, and not doing so would be highly damaging both in terms of reputation and potentially legally (not to mention the loss of future returns). That is why I firmly believe that they will.

[estseon] 28/1/2020 11:11

taxloss

I don't think that the market is sceptical as such: there will be potential investors waiting to join the party when the door is finally flung open. They will or may make less profit as they buy into a rising market but they will make a multiple of what we LTH's will make (proportionately) and they will make it within a much shorter time frame and expose themselves to far less risk. So waiting for the funding money to come through is quite a rewarding strategy but it doesn't mean that they are sceptical.

[robjm66] 28/1/2020 10:49

Sure everyone could point to reasons why market is sceptical, market will be sceptical right up to the moment it is not.

[taxlosstone] 28/1/2020 10:23

I think that most holders (including me) believe that the ANS money will arrive, the project will move to production & Kefi will make shed-loads of dosh. However, even at this relatively late stage of the working capital funding's arrival, the market either still doesn't think that the ANS money will come in or that Kefi won't benefit even if it does. Mind you, the market hasn't believed for many years that Kefi would benefit. Any suggestions why the market's so sceptical?

[bejubiant] 28/1/2020 10:19

When all is said and done, happiness is “the difference between expectation & realisation”
Put very simply, and in a business context.. it is better to manage the expectations of co investors (decent, ordinary folk) by under promising and over delivering.
Whilst I think it unlikely (at some point) that this mine will not get the go ahead.. it is important to single out ANS as a complete bunch of spineless muppets who have ‘time and time again’ over promised and under delivered.
Very clearly proven to be a sh1t shower, devoid of vision, courage and grit.. not to mention a lack of understanding and empathy for fellow investors.

[robjm66] 28/1/2020 09:52

Digger elections this year in Ethiopia and the politicians have already declared the mine is going ahead a mine which will be in the leaders home region.

If Ethiopian politics is anything like the UK politics not only will the mine go ahead with Ethiopian partners, but as good news the decision will be announced at least three different times.

[scrappycat] 28/1/2020 09:39

Digger,

Not a chance in hell of this happening IMO. The EG, apart from anything else, need the foreign currency income.

[cutandpolished61] 28/1/2020 07:10

From the Financial Times yesterday

Share price forecast
The 2 analysts offering 12 month price targets for KEFI Minerals plc have a median target of 10.30, with a high estimate of 15.00 and a low estimate of 5.60. The median estimate represents a 565.59% increase from the last price of 1.55.

hxxps://markets.ft.com/data/equities/tearsheet/forecasts?s=KEFI:LSE

[oilisgold] 28/1/2020 06:31

Well we are another day closer to that important RNS. All i can say is, chill out, enjoy your day and relax. Been waiting for over 7 years, so what are few more days?. Only traders are nervous and . Dont get caught PANTS DOWN when the RNS lands

[divmad] 27/1/2020 22:03

Which moving averages are you referring to?

[gooner1886] 27/1/2020 19:28

Lol oilisfraud said today

[bradley12] 27/1/2020 19:18

No mate it'll be before then!
:-)

[sweetwaters] 27/1/2020 18:45

7yrs, 7yrs..gallows humour from Newton.

[oilisgold] 27/1/2020 18:26

Chaps, chill out and enjoy. Welldone to traders as certainly done well. The funding RNS can land anytime now and is what we all have been waiting for.