![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Kefi Gold And Copper Plc | LSE:KEFI | London | Ordinary Share | GB00BD8GP619 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.001 | 0.16% | 0.63 | 0.612 | 0.648 | - | 5,594,319 | 16:35:18 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Metal Mining Services | 0 | -6.36M | -0.0013 | -4.85 | 31.28M |
Date | Subject | Author | Discuss |
---|---|---|---|
03/4/2020 14:55 | Just wanted to add to what Topicel wrote above. The December, January and February updates all pointed to middle of the year, when, coincidentally, at the same time, last years financial reports and accounts are to be published. Tin Foil Hat Time. By coupling the Finances to the Election, moved final closure beyond any date clash and paved the way for further delay into ANOTHER YEAR. NOW that Ethiopias Governing Body have DELAYED the Elections indefinitely (No new date set until Covid19 crisis passes), Adams has again failed to mention WHAT the NEW Schedule is. Either by sticking to 'BEYOND' an Election OR invoking the OLD Schedule for Mid Year. | cybaajak | |
03/4/2020 14:40 | @ Topicel 'sell part of our Saudi interest' If I'm not wrong, ARTAR is paying for drilling at Hawiah. This sounds to me like a sale of interest (at least for Hawiah) H | ![]() ham1 | |
03/4/2020 10:45 | May as well make him earn his corn. "Roger, Thanks but you haven’t answered my question and the countless of other ones you have no doubt received concerning the ANS payment which is well overdue. Put simply, are they going to pay the first tranche this month? If not, when will they pay? Regards John" | ![]() digger2779 | |
03/4/2020 10:22 | Regarding having a Q & A section on the website would always want as many questions answered as possible so its a plus if we did not have it we would be even more in the dark than we are. Probably the world is awash with people at the moment looking for a job however anyone really got the patience for someone coming and it leading to even more delays. Suppose Jeff Rayner would be a good choice as he knows the company and done the job but would he want it? | ![]() robjm66 | |
03/4/2020 10:19 | I too just got an email referring me to the Q&A. Didn't even bother to acknowledge my email which was about the ANS money. I think that the company looks at what questions have been asked then make up it's own version of the question it can then answer to suit itself. Yes the first step is the hardest but I would say getting a straight answer from the company is even harder. | ![]() digger2779 | |
03/4/2020 10:14 | Chopper out!Oh, no - that's totally inappropriate lol | ![]() shortarm | |
03/4/2020 10:13 | Really poor comment talking about "first steps" after all this time we most a least be on steps 5,6,7,8 | ![]() robjm66 | |
03/4/2020 09:56 | Sent: Roger The Q&A does not address my questions. Can you confirm that the stated March deadline for payment by ANS was missed? If so, what is the revised schedule for their payment? This is of the upmost importance and the share price will not recover until funding is received. I also found the "the first step is the hardest" answer on the Q&A extremely poorly judged. The tone used is appalling. Regaards | ![]() jaylett | |
03/4/2020 09:22 | @ Jaylett. I got a reply as well. My #2988 was answered thus; Your questions have been noted. Responses to various questions we have received regarding Tulu Kapi and COVID-19 have been posted at Kind regards, Roger Howe | cybaajak | |
03/4/2020 09:12 | Q: Are you confident that the closing of local project equity will occur? Yes, that is $58M from the combination of our Government and private partner, ANS The Government has already closed and is spending its $20M The Government is helping wherever it can because TKGM has suffered from some extraneous factors largely affected by the Governmen Q: Does ANS have the money and what fallbacks are there? ANS is a special purpose investment company founded by the five directors for an investment by 15 institutions and corporates. ANS signed a subscription agreement and approved all our RNS’s. If any individual ANS investor fails to close in any particular moment when all its conditions precedent for processes, documents, etc are satisfied, then other local investors are expected to cover them. The Government now works closely with ANS to ensure the public private partnership works for this high priority project. Q: Can we expect all these time-consuming procedures before every tranche with ANS? The first step is always hardest. Well actually missing some of the answer to one of the questions “governmenR | ![]() robjm66 | |
03/4/2020 09:05 | Seems like all parties are still chipping away but covid had been the curvball pushing the elections out a month and possibilly delaying the ANS elusive first $9m tranche. kefi seems confident the money is there to be gotten. sure i read the other week that african banks are raising a $2 billion covid bond @ 0.75% so raising $60 mill bank debt for tuli kapi shouldn't be a problem @ 9% int rate. Taking a very pro active approach to covid given they only have 26 confirmed cases -Ethiopia has a population of c. 100 million and, to enforce physical distancing, has closed its land borders and schools, emphasised working from home, prohibited large public gatherings and enforced compulsory 14-day isolation for new flight-passenger arrivals into the country. couple of ponderables: -The Government is helping wherever it can because TKGM has suffered from some extraneous factors largely affected by the Governmen -The banks merely need to see law and order in the lead-up to and the immediate aftermath. | ![]() mab | |
03/4/2020 08:58 | the very least I'd expect in 48 hours is a "thanks, now please do one" response I guess they've chosen the least verbose way of saying exactly that! I totally agree with you guys, it is a very poor and weak showing by the managers of this outfit that they can't come out with a basic update even if just to say "the lights are still on but we might run out of powder..." Everyone else under the sun has published an update. | ![]() outlawinvestor | |
03/4/2020 08:54 | All hope is not lost, a few positives in the Q&A today ;-) -the Federal Government announcing that the August Ethiopian elections have been postponed and a new date will be set in September in light of the situation with COVID-19 -the Regional Government announcing the lifting of telecommunications restrictions in our area in light of security improvement and the need to now develop the mining projects -Contractors: programmes are continuing as planned within those organisations’ virus response procedures. Almost all contractor activity is currently office based, with the exception of road-building crews mobilising to the Tulu Kapi district during April 2020 -ANS is a special purpose investment company founded by the five directors for an investment by 15 institutions and corporates. ANS signed a subscription agreement and approved all our RNS’s. If any individual ANS investor fails to close in any particular moment when all its conditions precedent for processes, documents, etc are satisfied, then other local investors are expected to cover them. | ![]() mab | |
03/4/2020 08:49 | Joking apart answers that kefi still expect TK to go ahead but not when. | ![]() robjm66 | |
03/4/2020 08:40 | I certainly was! He has a terrible manner when speaking, but I really meant written communications...app Notice how in all the guff they've posted today, no attempt to answer the only 2 things shareholders really care about at the moment - (a) when is the first tranche of ANS money going to land and (b) assuming the answer to (a) is not 'in the next few days', how are Kefi going to fund their working capital until it is paid? | ![]() matthew stone | |
03/4/2020 08:31 | @ Matthew. You weren't an investor when Adams called shareholders 'Nervous Nellies' ? Sometime around September 2018 I recall. Quarterly update. | cybaajak | |
03/4/2020 08:18 | That last answer, though...don't think I've ever read anything like it in a co communication before. That unique HAA mix of condescension and dismissiveness... | ![]() matthew stone | |
03/4/2020 08:14 | Carefull Chopper. You'll have the Fan Club breathing fire and brimestone at you. Regardless of 'whataboutism' they'll be using the excuse/reasoning of "If he goes now who will take his place..." | cybaajak | |
03/4/2020 08:08 | From Kefi today "Various questions regarding Tulu Kapi Q: How much in pounds sterling is KEFI final equity subscription into the project? Will it be raised by a further issue of KEFI shares? As set out in the 2018 Annual Report and in other announcements the finance plan is for KEFI puts $10M or £7M more into TKGM sourced from cash, working capital facilities, mezzanine financing possibilities and refunds on project finance closings. We will utilise the best available combination of options to provide this money at the appropriate time. Government Politics and Regulation Q: What impact will the outcome of the Ethiopian elections have on the project and the loan commitments by African banks? The outcome is not a matter of concern because the election result is widely anticipated. The banks merely need to see law and order in the lead-up to and the immediate aftermath. Q: What happens if there is a change of government after the Ethiopian elections? Are our agreements with the government robust enough to continue with a new PM, or will there be a new negotiation process to go through? Agreements stand regardless of who is a PM or Minister etc. And the project will be no less important to the country and region than it is today. It will still be largest single export generator in a country which has a trade imbalance and a hard currency deficit Project Debt Q: Having had a choice and in an apparently improving lending environment, KEFI decided against a bond. Will KEFI have more control, will there be a strict timetable and will there be built-in penalties for delays in payment of the capex funding? It was wise to replace the bond deal with a bank deal. The pandemic has reinforced that. The terms of the project finance are conventional. Once one has satisfied closing conditions, the lenders must provide the requisite funds. Q: Is the bank loan agreed and in place? The terms are agreed and have been through their committees. Full finance close means final approvals by their boards, and those of TKGM and the contractors. In the meantime, we have preparations such as engineering, IFC compliance on social and environmental and establishing bank accounts in the international financial centres, which is also a first for Ethiopia. Q: What happens between now and full financial close? Project contract final pricing reconfirmations with all the fabricators. Community resettlement preparations to hand over compensation to over 2,000 people on the mining licence area and many more affected by project in the surrounding district. Banks final credit approvals and their reporting requirements. Project Level Equity Funding Q: Are you confident that the closing of local project equity will occur? Yes, that is $58M from the combination of our Government and private partner, ANS The Government has already closed and is spending its $20M The Government is helping wherever it can because TKGM has suffered from some extraneous factors largely affected by the Governmen Q: Does ANS have the money and what fallbacks are there? ANS is a special purpose investment company founded by the five directors for an investment by 15 institutions and corporates. ANS signed a subscription agreement and approved all our RNS’s. If any individual ANS investor fails to close in any particular moment when all its conditions precedent for processes, documents, etc are satisfied, then other local investors are expected to cover them. The Government now works closely with ANS to ensure the public private partnership works for this high priority project. Q: Can we expect all these time-consuming procedures before every tranche with ANS? The first step is always hardest. Posted 03 April 2020" | ![]() goatherd | |
03/4/2020 08:07 | Adams out!!!!! | ![]() chopper harris1 |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions