Kefi Gold And Copper Share Discussion Threads

[digger2779] 14/5/2020 21:28

taxlosstone - I don't think we will get a bean from them soon and especially not before the GM otherwise there would be no need for the planned dilution and trough filling.
It would be funny if they did cough up "soon" and scupper the feast.

[taxlosstone] 14/5/2020 21:04

I've managed to get myself a bit confused. Is anybody actually expecting an RNS to drop any day soon announcing the first tranche has been received from ANS?

[shortarm] 14/5/2020 19:54

We've a couple- big ones :-)

[marnewton] 14/5/2020 17:59

I'm short UKX and SPX...

Looks like gold may be about to start its next leg up...

Would that we had a gold mine!

M

[cybaajak] 14/5/2020 15:37

"... I see that Harry is peddling hard in the latest RNS to keep that old carrot dangling for a little longer ... at least until the GM and getting the latest share placings away !"..

SO true its almost like a lot of people missed the significance of that statement.

Resolution 2 Part E. A further 10% of the shares issued INCLUDING the dilution being voted on today for the sole use and gifting of management and chair. So 1.9 billion shares and he wants 190 million shares to divide up with himself and Board of Directors as reward for a job well done.

Not bad reward for yet another missed deadline, no farmers moved, no ANS money.. Of course that tidy sum isn't counting the £660K they all got collectively gifted in shares in the January General Meeting as reward for sucking it up and working hard to dilute the share base by 420 million additional shares during September, October and November 3 months or so previously. It must have burnt him when ANS failed to pay up and that 25 million warrants expired end of April. Which at the same time, strangely enough, he had already set in motion the book build for this farce.

[estseon] 14/5/2020 15:17

Lol: looked at the gold chart, saw 1418 and nearly fell off my chair. Forgot that I'd switched to GBP.

6p by xmas.

[red rook] 14/5/2020 14:06

... and as always, can rely on those gullible peasants that form his fan club to sing him praises as he drives them further into penury !

[red rook] 14/5/2020 13:52

...''Even if alternative funding were available ...''

... an alternative to what!
... there is no viable/reliable funding source currently in place!
... ANS monies have not and will not come ... talk of the EG bailing out the ANS is just another Harry spiel
... and as for the bulk of the project finance, coming from Harry's unnamed 'African Banks' ...well good luck with that :-)

... I see that Harry is peddling hard in the latest RNS to keep that old carrot dangling for a little longer ... at least until the GM and getting the latest share placings away !

[scrappycat] 14/5/2020 11:00

With hindsight, it is so easy to be critical. However, there are probably as many different opinions as to when the company should have thrown in the towel, as far as EG/ANS funding is concerned, as there are posters on this board. In my opinion, it would be stupid to do so without having ensured the availability of competitive funding. PIs have no idea whether or not this was considered, for the company would never advertise the fact for fear of causing ripples in what was, already, a turbulent pond. Even if alternative funding were available, at what appeared to be a better or comparative price, the co-operation of the EG would still be required for the provision of the initial infrastructure.

I agree with Bejubiant

[robjm66] 14/5/2020 10:57

hxxps://www.kefi-minerals.com/files/announcements/kefi-q1-20-operations-update-14may20.pdf

[robjm66] 14/5/2020 10:25

Still think funding will arrive have people going without getting paid and hoping to use warrants at two pence (not long ago) not going to do that unless they expected a posative outcome.

[robjm66] 14/5/2020 10:21

Cybaajak think everyone agrees harry panicked and made a pigs ear of the deal unsurprisingly people other than RAB invested or are going to take a piece. The first trance is very important been a another mistake by the company to keep going on about final closing just get that first trance and then market will believe more that the final closing will happen.

[bejubiant] 14/5/2020 10:20

Agreed Philby.
We have dropped 4% on G&M shareholding. Lack of funds/liquidity. I hate to give up equity in something this good due to short term cash starvation. Dilution isn’t great, but having a lesser percentage of something spectacular is far worse..
The £3.7M takes ‘execution risk’ off the table, and will negate decisions which will hurt us very badly later.
Let’s hold our % shareholding’s with G&M and TKGM, let’s hold our nerve and ground, let’s dig in and get the 3 big targets hit this year..
Better to have 75% of something awesome than 100% of nothing..
I get the need for the £3.7m and I see the logic. I’m steadfast and I believe.

[robjm66] 14/5/2020 10:15

FSAwatcher gold price likely to be higher than 1700 dollars governments around the world facing huge debts only way they are ever going to be able to repay them is running the printing the presses full pelt plus think we could see a breakdown of the suppression of the gold price.

[jaylett] 14/5/2020 10:11

What has Covid got to do with ANS not paying their first tranche? It's been coming for two years ffs, not two months. That is a very convenient shield being used to cover up a total disaster in partnering with people who didn't have any money to put in. Once again, he is playing fast and loose with the truth and seemingly hoping that everyone else has the memory of a goldfish.

[rileyma] 14/5/2020 10:02

I bet behind closed doors,his views are not as Rosie

[glenalmond] 14/5/2020 10:00

sincere friend Sounds like an introduction from a Nigerian multibillionaire's e-mail 🤣

[jaylett] 14/5/2020 09:55

Sincere friends! What utter tosh. This is business, more specifically African business. There are no "sincere friends" in this game.

Amazing that HAA considers these wasters who haven't put in a dime his "sincere friends", yet holds the "nervous nellies" in the private shareholder base in utter contempt. Which one of those two groups has suffered the most at his hands? Which one has shown actual support to KEFI?

The man is a cretin.

[estseon] 14/5/2020 09:50

jaylett

I suspect that you are right.

I nearly dumped the shares after the acquisition announcement back in December 2013 because I only half-believed what is now evident to be the hopelessly optimistic projection then of commencing production in 2016. I should have done so, transferred it to the watch list and bought bullion at £800/oz instead if I wanted a gold hedge, which I did. They have managed to miss their target by 6 years.

Charmer

I agree that the front line deserve applause for their commitment in the face of the chaotic mess created by the current organisation of the health service, which clearly requires a complete overhaul and dumping of the current inept administration. My indirect contribution has been a daughter who is a band 7 nurse. I do tire a bit when reading all the criticism of the government because the administration was devolved down decades ago. It appears that a higher degree of central control is required and that a lot of overpaid, fat, greasy bums on seats need to be shown the exit door.

I also feel that Hunt should take a lower profile because he was in charge when the health service failed to test its capability to handle a crisis such as has been faced over this year to date.

And the problem of infection contracted through use of all forms of mass transport, including aeroplanes, has simply been ignored. The airlines are paying dearly for their negligence but the greasy bums managing the railways, bus services and London Underground will doubtless escape sanction. All forms of mass transportation require proper ventilation and filtration of recycled air. The technology is available.

[glenalmond] 14/5/2020 09:49

E-mail from

Your vote counts
KEFI MINERALS PLC
‌2020‌ ‌ORDINARY GENERAL MEETING‌
Vote by ‌13-MAY-2020‌

Received 0546hrs this morning, the 14th 😄 😱 🤪

[bostanli] 14/5/2020 09:42

Q&A...

Q.is one to assume that ANS have been removed from the TK funding process

A. No. We expect ANS to proceed. They are sincere friends and deeply involved. These are unusual times and COVID-19 is wreaking havoc globally and we naturally need to protect the project with alternatives.

Posted 14 May 2020

[sussexlibran] 14/5/2020 09:21

@philby1 - what makes you think that funding will arrive? It probably will not. This latest deal with RAB is just so that Harry can wring another few months £30k/mth salary from what was a totally broke company before it finally collapses.

[the charmer] 14/5/2020 08:47

Estseon.

Save your applause for the "real legends" tonight at 20:00 hrs. Without whom, we would be in serious trouble!