Kefi Gold And Copper Share Discussion Threads

[bostanli] 24/4/2020 08:38

I will take this news as a positive


Despite the need to adjust and reschedule many tasks due to COVID-19, the Company remains focused on the preparations and finance milestones to enable major site activities to start at Tulu Kapi from October 2020, as outlined in the Q4 2019 Operational Update announced on 28 February 2020 .


the Government is now collaborating directly with ANS Mining and its shareholders to reinforce Project momentum. In addition, as an important 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;

Project Contractors and Project Lenders: The two Project contractors and the two Project lenders are regularly liaising with TKGM and adjusting their joint plans to take account of the various COVID-19 protocols.

[czar] 24/4/2020 08:38

The Ethiopian Government have to get behind this they need the foreign currency, and they have, I see the future as nailed on imho. This is option money.

[red rook] 24/4/2020 08:36

... must say that Harry did well in stringing PIs along for so long ... dangling that same old carrot that ANS's 'UNCONDITIONAL' monies was arriving imminently :-)
... now Harry has a new string, to dangle another carrot, to keep PIs following long enough for yet more dilution.

... why will the Ethiopian government be in any position to pay ANS's contribution, when it's going to be up to its neck in debt just paying to keep the bread lines open due to the collaplse of the economy.
... with the elections coming up there will be more delays, and if a new goverment is elected any promises made will evaporate as easily as ANS's 'UNCONDITIONAL' first tranche :-)

[the charmer] 24/4/2020 08:34

The more astute on here will have noticed...

Just work it.

[the charmer] 24/4/2020 08:29

Sweet waters. Watch this space regards warrants. IMHO.

[bradley12] 24/4/2020 08:28

The EG just effectively underwrote this project and still the doom mongers are trying to dismiss it as bad news!!!

[laurence llewelyn binliner] 24/4/2020 08:26

This is a precursor to another round of equity is it not, to get through another 2 months and keep the lights on again..

Good news nonetheless to pressurise ANS into moving forward, who have back pedalled on the initial quantity, dragged their feet for at least a year requesting report after report, and it turned out they did not even have any money without selling shares in their own enterprise to raise funding to use..

Time to put up, or shut up and bow out...

[sweetwaters] 24/4/2020 08:23

I see this has progress.

I would rather see EG replace ANS, now that would give the financing certainty verses the ANS muppet show. EG have development funds specifically to support this sort of venture.

Unfortunately Harry has said so many imminent, shortly, positive things for so long and which relate to various finance partners that it is hard to take what he says at face-value.

He's going to miss the 2p warrants cash, needs to baton down the hinges and reduce plc costs. Control of that would give the share price a release, it is the dark cloud over Kefi.

[the charmer] 24/4/2020 08:21

Czar. Lucky you, my friend. Done well.

[czar] 24/4/2020 08:15

This should have opened at well over 1p but bought stock at 0.7p, however I'm averaging down.

[outlawinvestor] 24/4/2020 08:15

LOL! Unalloyed good news! By the end of June the govt will look to secure new sources of funding if ANS keep on dilly-dallying!!!

Always thought HAA had a master plan - now just need to rally above 2p before Thursday for the warrants to roll in!

[the charmer] 24/4/2020 08:11

Brilliant news guys. This is now a cast iron guarantee that this is going ahead as the funding will be provided by the Ethiopian Government if the funding does not pan out with ANS.

I thought we would see the regular "stars" of this board coming on with a few others into the mix.

Wake-up and smell the coffee, because it sure smells good from where I am sitting.

[shortarm] 24/4/2020 08:08

Oh dear - every silver lining has a cloud right?
Seems like a big dark cloud in your case lol.

[highly geared] 24/4/2020 08:04

“look to”.. and WILL are different things...all in the words

[matthew stone] 24/4/2020 08:01

I certainly never described it as unalloyed good news...however, of the scenarios myself and others have been postulating over the last few days, this is about the best one.

[pilkersa] 24/4/2020 07:58

Excellent news. Government backed funding sounds a far more secure option.

[taxlosstone] 24/4/2020 07:55

I wonder if the stupid market will not recognise the unalloyed good news this morning. After all, the market has been so wrong for gawd knows how many years on Kefi! Matthew, well we could have hoped that after 20 months, ANS actually paid over their commitment or is that being unrealistic? I'm no expert but b) below does not say explicitly that the GoE will come up with the akkers by the end of the quarter. You may recall that the GoE are pretty slow themselves.

b. the Government is now collaborating directly with ANS Mining and its shareholders to reinforce Project momentum. In addition, as an important 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;

[czar] 24/4/2020 07:46

In my book he's finally done it, no-brainer now for 10p+ over time. Gold $1740.

[molatovkid] 24/4/2020 07:46

They have to get the project off the ground, an absolute must, once they do that then the subsequent finance gets easier to raise.

[matthew stone] 24/4/2020 07:41

Realistically, this is about as good news as we could have hoped for - one way or another, the funding will be there by end of June; either ANS pay by then, or the government step in. Would have been nice if they'd acted months ago, but at least they have done so now.

I would anticipate a small placing will still be needed to get us to end of the quarter, though.

[shortarm] 24/4/2020 07:34

Don't invest money you can't afford to lose in high risk/high reward shares. Put your money in the bank and get next to no interest!!!Whinge and whine all you like - you invested here and things are happening - like it or lump it (sell!!)

[bejubiant] 24/4/2020 07:32

molatovkid: I agree, this is good news. The sticking point has been ANS, and their inability to monetise share subscription agreements signed back in January. We knew that the EG were starting to lose patience with this position, and they have now effectively said that it's "pay up or get replaced" time.. either entirely, or via a pro rata diluted down structure. This project is massive for Ethiopia and they absolutely need to ensure a timely full project close in October. I own in excess of 1.5% of Kefi and am properly reassured by this development, despite what others may think. We will get there.. and don't forget mid year, significant updates from KSA also in play.

[red rook] 24/4/2020 07:30

... typical Harry spiel... and cue the next placing to keep the lights on :-)

[jaylett] 24/4/2020 07:28

Can we reach that point without dilution though?