Kefi Gold And Copper Share Discussion Threads

[shortarm] 24/4/2020 07:25

There ya go.new development, the Government has now also advised both KEFI and ANS Mining that it will this quarter look to arrange either direct or indirect funding into TKGM from its investment institutions for the required amounts if there is any further delay in investment via ANS Mining;

[molatovkid] 24/4/2020 07:22

I thought this was good news !

If ANS don't ante up, it goes ahead anyway bankrolled by a more secure partner, with or without ANS.

How can that not be good news?

Is your glass half full or half empty I suppose.

[jaylett] 24/4/2020 07:16

Another largely substance-free update and STILL no local money in our bank account. ANS can't pay, that is clear, so why are we giving them another couple of months to try and access cheap money from the Government instead of just going directly ourselves? And this is just the first £9m, so what chance have we got of getting the bigger piece that's still to come?!

"As an important development, the Government has advised that it will look to source funding directly into TKGM via its local financial institutions if there is any delay to the anticipated investment via ANS Mining."

Any delay? You mean outside of the two years its already taken?! They've breached the terms of their unconditional obligation and should be binned immediately. End of.

Zero mention of any wage or cost cuts either. Unbelievable.

[fsawatcher] 24/4/2020 07:14

like i said a while ago

they gonna need a new partner

news today sayin...ANS mining got no money so we give them deadline of October 2020....If ANS not fund it then Ethopian gov looking at takin slice and that never good news as it almost like them takin it all back over after kefi spend millions lining it up

this goin back to the state if ANS not fess up

October??? that gonna se this fall like a spliffed up rat down a drain pipe

clunk

see ya at 0.4p

[cybaajak] 24/4/2020 07:12

Adams still thinks it will be fully funded in October(was September, then before that June this year) when the very same people who make up ANS work in the financial sector in Ethiopia, where the rest of the money is meant to be coming from.

Delusional.

[sniffer2] 24/4/2020 07:07

So, we MAY get some funding by the end of June(this quarter). The first acknowledgement that ANS are delaying. Expect this to go down further. I would not be surprised if the next RNS is a placing.

[the charmer] 24/4/2020 00:57

I have been looking through the posts and there is a lot of talk about wanting a "board change/salaries." I noticed on the other board a mention of it there as well. This does seem to be snowballing as there was even a link for the Share Society in order for a Share Action Group!! If one is still of that same opinion, it maybe worth reading the following, which is an excerpt from that, which was posted over there.

It seems very poignant on here. See below:

2. Avoid Libellous Public Comments

Defining the complaint will also help you to get the facts straight. One thing you need to
be careful about is making allegations that are either not supported by the facts or are
simply incapable of being proved. You may feel that the directors are dishonest crooks
who are only lining their own pockets at your expense, but putting that into writing, on a
bulletin board or elsewhere is a recipe for large legal costs. If nothing else, you will pre-
empt any compromise agreement to resolve the issues you are raising because the
directors will be so annoyed with you that the only expectation you can have is of a long
and difficult fight. If the facts are accurate, and have been verified, let them speak for
themselves. One particular aspect to avoid is to avoid imputing motivations to individuals
based on a sequence of past events. There is usually no concrete evidence of motivations.
Likewise you may feel the directors are fools or incompetents but that is best evidenced
by facts rather than declared opinion.


Any of the above sound familiar? Not helping the cause is it.

Read the full Share Society information if it still appeals.

[the charmer] 23/4/2020 20:42

Ramadan Mubarak to those who are fasting in the coming days.

[richsmithsmith] 23/4/2020 19:46

Has anyone texted him?

[tim_the_trout2] 23/4/2020 18:15

Not heard from Tops in a while.
I fear for the worst about his son.
Puts things in perspective.
I really, really do hope he's pulled through.

TTT

[the charmer] 23/4/2020 17:22

Estseon.

You also, do not need to look any further than on this board,at times.;-)

[estseon] 23/4/2020 17:05

The trouble is, charmer, that there are a few handfuls of people making our lives a misery.

The ANS mob is one collection and the so-called experts is another. We are battered from dawn to late at night by "bad news" and despair. we are told that lying down on a towel in the sun is tantamount to treason whereas a sunbather is less likely to transmit the virus than a walker, who is far less likely than a jogger.

The frustration is building.

[pjj71] 23/4/2020 14:57

the lights never go out here, just dark days for shareholders....

there will always be an excuse with ANS, but Harry will wave another carrot in front of shareholders to keep his salary gravy train at full steam....

as we all know this is the worst performing gold mining stock in the world and the CEO should be paid accordingly, but that wont happen... snout in the trough....

[the charmer] 23/4/2020 14:40

.... and not achieving anything. I am sure there are more exciting things to do whilst we are all on lock down.

[cybaajak] 23/4/2020 14:37

Lame finish huh ?

[cybaajak] 23/4/2020 14:35

When Adams resigned from EMED he was on £230k a year. That was 2012. In 2013 he earnt £195k in wages AND took a £567k golden handshake when he left. THATS not counting the shares and warrants he accumulated from 2004 to 2013..

He was paid in wages, shares AND warrants in 2018. £370k wages. We don't know what he paid himself last year until the reports are published.

He CANNOT lose. Ridiculous awards and warrants on January 6th this year, where everybody assumed ANS would be paying up forthwith because Adams had led everyone to believe this was it, AFTER the shambles on Share Issues September to November last year. NOT only was the GM of the 6th a waste of time, effort and substance it was probable used to lull everybody into a false sense of anticipation while the management all fed at the trough of EXTRA shares and warrants.

We should be standing outside his house wielding pitchforks, mouthing obscenities and infused with righteous indignation. Alas we are reduced to typing words in sans serife on a BB hosted by ADVFN.

[scrappycat] 23/4/2020 14:23

Harry does, quite possibly, have a lot of skin in the game. As I understand it (I admit I could be wrong), Harry and the board have, for some time, been taking their salary in shares. I guess the cost of exercising the potential warrants, due at the end of the month, could be offset against this. Whether or not this is the case, I have no idea. In addition, Harry and his family have a large number of shares in their Pension Fund.

Like goatherd, I certainly have my doubts about Harry's performance to date, but there certainly have been an extraordinary number of bad complications since the deal with the EG and ANS was first muted following the change of Government. These include attempted coupes, Locust storms, and the onset of Corona virus.

Under UK law governing contracts, 'time is of essence'. This does not seem to be the case in Ethiopia - a great pity.

[the charmer] 23/4/2020 13:58

Good to see you manu17

[jaylett] 23/4/2020 13:55

"I am delighted to confirm the signed subscriptions of ANS Mining into the Project company. Whilst we have been working closely with ANS Mining for some time and developed an excellent relationship, I am now pleased to be able to welcome them formally as partners."

Sum total handed over to date, by these partners with whom we have an excellent relationship: zero.

[sussexlibran] 23/4/2020 13:51

Very well said, @jaylett. The myopia is astonishing!

[jaylett] 23/4/2020 13:43

Christ some of you have got it bad. They're even parroting HAA's little phrases, like Rodney trying to be Del Boy. No way, Pedro!

He "has a lot of skin in the game" does he? Do you realise how ridiculous you sound. He's earning £30k a month, every month, from 'the game', regardless of how it turns out. It's rigged; he can't lose.

Oh and ANS's subscription is "unconditional", so Covid-based excuses are invalid as well. KEFI haven't said once that anything has changed and the last expected deadline for the payment was three weeks ago and counting. Emails asking for clarification on this are ignored.

Something smells very fishy indeed here and it's not the nice bit of cod I'm having for my lunch.

[estseon] 23/4/2020 13:22

It does not affect electronic money transfers and Kefi has not said that the project is currently affected by the pandemic.

One week left until expiry of the warrants (next Thursday).

[neilng] 23/4/2020 13:12

Just wondered if you had heard about the worldwide pandemic sweeping the planet?
It can be deadly and the world has gone into lockdown.
It also affects Ethiopia.

[mam fach] 23/4/2020 12:54

Never mind the torch just hope our internet connection doesn't go down.