Kefi Gold And Copper Share Discussion Threads

[sussexlibran] 15/5/2020 12:37

@charlieeee - so true. Harry needs to go. He is utterly useless.

[shortarm] 15/5/2020 12:30

Well, I made a load of money in EMED now Atalaya so on that basis he's a great guy???He's also involved in Venus minerals with Ariana resources which is a fantastic little company!

[charlieeee] 15/5/2020 12:27

HAA can be evaluated on performance at EMED (now Atalaya).

Endless promises and dilution until he stepped down.

In waltzes Alberto Lavandeira, experienced mining engineer, who cracked on with getting the mine built and operational, scrambling the finance together as he went and has been running a producing mine ever since.

The parallel here is that HAA needs booting out and replacing with a competent CEO, who wants to make money from a producing mine rather than funding a life style from equity raises (ably assisted by the pump and dump sharks).

[the_real_mr_big] 15/5/2020 11:59

Just off the phone to Theresa - She said she won't take the CEO job, unfortunately, but she can fly over to Ethi and do a little motivational dance if the price is right.

[sussexlibran] 15/5/2020 11:36

@matthewstone - well, we don't actually know "unconditional" is in the contract - just because Harry put it in an RNS it doesn't make it true - well are all very well aware of the accuracy of RNS statements issued by KEFI. In English, "imminently" means imminently. But in Kefi speak it means "possibly".

[matthew stone] 15/5/2020 11:00

Well, we don't know what the contract with ANS says, so we? We know it has the word 'unconditional' in it somewhere relating to the first tranche of funding, but we are still none the wiser as to what that actually means, other than whenever Kefi have alluded to that word, it is has been to accentuate it as a positive to us. Therefore, we can only conclude that it means what it says - ANS are now bound by the contract to supply the first tranche of funding. However, how long they have to do this has never been specified, and also if there is any penalty for not doing so.

[robjm66] 15/5/2020 09:28

Cybaajak only need to get lucky once not betting on harry but the Ethiopian government that has saved the project several times already.

[cybaajak] 15/5/2020 09:01

Or, is it because he has told ANS to hold the money for the moment....

Wait wait hear me out..

October from September from June from Q1 2020 just seems too staggered to be believable. Kefi SOLD 50% of TKGM to ANS for $38m (Birr Equivalent) and yet Kefi has been diluted from 400m shares in Q2 18 to (in 2 weeks time) 1.9 BILLION shares in 2 years. The gold price has risen whilst Investor value has been squandered. Business partners have achieved 'deeply sincere friendship' status without paying a penny and the long suffering PI has been 'Nervous Nellied' into battered submission having to continually top up to keep up with the never ending waves of dilution, AND NO CONSTRUCTION PROGRESS.

The Project is now finalized and ready to proceed. What better time to be in secret talks with a hedge fund or mining conglomerate to buy out TKGM in its entirety, with contracts in place WHILST intentionally keeping the share price at ridiculously low levels to enable a favourable outcome for the Chair/BoD being side stepped INTO said conglomerate...

Too tin foily ?

Yeah, probably.

[jaylett] 15/5/2020 08:53

Fewer and fewer people do believe him, hence why we're once again languishing at these levels despite gold being on a flier and having not one, but two decent gold prospects in the ground. As well as the endless dilution, he's trashed sentiment over and over again with his nonsense statements and missed deadlines, to the point where the market simply isn't interested. Half a billion shares at 0.65p shows you how we're viewed right now. Rock bottom.

And next week we get yet another kicking, as a grumpy, annoyed-sounding man sighs and errs his way through another dismal summary of our prospects. If he hasn't got the ANS money, which he hasn't, then there is zero reason for doing a webinar and it can only do harm. It should be cancelled.

[philby1] 15/5/2020 06:56

taxlosstone - the first payment should be paid by 30 June at the latest, either by ANS or the EG. Could arrive at any time before.

[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 !