Kefi Gold And Copper Share Discussion Threads

[jaylett] 06/3/2020 10:59

Following receipt of this confirmation from the Ethiopian Government on 7 November that it had resolved its internal administrative arrangements, the partners of the Project subsidiary, Tulu Kapi Gold Mines Share Company (“TKGM”), were in a position to proceed to:

review these administrative changes;
update the shareholder documentation accordingly for TKGM;
distribute the revised documents to the partners’ compliance teams and boards as the case may be;
sign final documentation relating to the shareholders’ agreement; and
trigger subscription procedures for the Project equity capital.

Those processes are in train and in Ethiopia typically take between one and two weeks each, as was stated in the shareholder webinar at the end of October.



We were halfway through these steps (ten weeks in total) four months ago (18th November). How can this not be construed as misleading investors?! Who is lying to who, because someone definitely is?

[scrappycat] 06/3/2020 10:56

Topical,

IMO, JLW's investment will fine, and pay rewarding dividends - unless she has been spooked by the derampers here and sold out.

How about you give us a quick rundown on your experiences of running a listed company, and dealing with African governments. That air of superiority that you appear to wish to generate for yourself must be based on something.

[robjm66] 06/3/2020 10:39

Think the gloom and doom is over done here getting enough of that on the news. Not a harry fan but suspect he has had to solve more problems and do a more difficult balancing act between all the interested parties than people appreciate.

[gregpeck7] 06/3/2020 10:33

Get into Altn guys. Looks ready to blow and they are sitting on so much gold..

[scrappycat] 06/3/2020 10:28

jaylett,

But the lights are still on and, I believe, will continue to glow and then brighten considerably. KEEPING THE LIGHTS ON IS THE BOARD'S PRIMARY LEGAL RESPONSIBILITY, not satisfying shareholders. That is a by-product of keeping the lights on. How they go about that is the Board's choice. If you do not like the way the Board have gone about that, why on earth would you have invested/continue to invest here?

To secure funding, we are subject to the whims of the EG/ANS. We cannot control those whims, we can only respond to them. Thankfully, there would seem to be large benefits for all Ethiopians from the mine opening, so, IMO, it will.

[peverill] 06/3/2020 10:13

Yet still he picks up his wages and jets around the world achieving what exactly.?????

[jaylett] 06/3/2020 10:07

The CEO is accountable for the direction and success of the company. It has always been thus. He took us into Ethiopia in the first place, he bet the family silver on this mine, he diluted us into oblivion to get to this stage, and now we can't even secure the first stage of financing from the local partners he chose to bring onboard. What, really, has been done, for the money we've all spent?

Bleat about the EG all you want, but Tulu Kapi has been a disaster for shareholders and Harry owns it. End of story.

[scrappycat] 06/3/2020 09:58

Topical,

I disagree with your analysis, but respect your entitlement to hold the views you do. As far as I am concerned, this investment will, eventually, pay me back handsomely. It has certainly been a rocky and frustrating road, but the end justifies the means.

IMO, no one posting on these boards has a clear idea of what Harry knows, or doesn't know. You can moan away here to your heart's content, but you are not the one making the decisions, which, at this stage, seem largely governed by the EG/ANS, not the company. How does a small, AIM listed company, control a Government?

[riotinted_specs] 06/3/2020 09:54

I tell you what, as an LTI of a mine that WILL open, I can't tell you how happy I am that the at the other, Saudi, company-making opportunity we aim to be JORC certified by mid year. Thats in the next few months. My impression was that this would happen 2021 at the earliest

[cybaajak] 06/3/2020 09:34

With the share price currently drowning at fraction of a price above 1p per share any placing now will be in the .7 of a pence range and will mean at least 200 million shares to add to the growing pile of confetti.

The institution that hands over the cash will undoubtedly swamp and depress the current price even lower, as it strives to reclaim most of the cash advanced, keeping back a nominal qty just in case ANS actually cough up, and provide them with another minor windfall.

[the charmer] 06/3/2020 09:27

Let us see if our inquisitors on here will be asking questions on the webinar. It will be interesting to listen to what is mentioned.
No better opportunity to do this where it counts, rather on these boards where it can have no influence.

[pjj71] 06/3/2020 09:27

Ask Harry when the ANS team will stop reviewing reviews of recent reviews and open their wallets.... this jam tomorrow company should be shut down.. the only thing it ever deliver is disappointment and wealth creation for shorters...

[matthew stone] 06/3/2020 09:08

Imagine if ANS had coughed up in Sept 18 - we would have been pretty close to production now! At current gold prices and with under 300m shares in issue - the mind boggles...

[matthew stone] 06/3/2020 09:02

They trust and respect him, just not enough yet to give him any of their money to spend.

It does beggar belief that with gold closing in on $1,700, no-one can just get this started - for ANS and the EG, it is literally a license to print money yet still they dither...

[nick_lynch] 06/3/2020 08:31

The Company will host a live webinar at 3pm Greenwich Mean Time (GMT) on Friday 6 March 2020, which can be accessed via:

hxxps://webcasting.brrmedia.co.uk/broadcast/5e5654752cd9120cce9f96b0

[laurence llewelyn binliner] 06/3/2020 08:30

Looking forward to the webinar, I'm sure there are plenty of direct questions to be answered on the delivery of funding and hoops that need to be jumped through to get there in -closing-..