Kefi Gold And Copper Share Discussion Threads

[sussexlibran] 15/6/2020 08:26

@taxlosstone - you're right! I think in 7yrs I've only been in positive territory once for around 3 days.

[taxlosstone] 15/6/2020 08:21

Profit takers in Kefi? That has been a pretty exclusive club over the last gawd knows how many years. :-(

[sussexlibran] 15/6/2020 08:12

@jaylett - nobody knows if these 0.65p shares are being flipped or not. Also, if they were all being flipped I wouldn't expect the share price to be holding up that well - the market would be flooded with them. While nobody knows who is buying or selling, it does make me feel better that someone has, at least, expressed their concern. PI's need all the reassurance they can get these days.

[jaylett] 15/6/2020 07:53

It is a load of rubbish. Mental ramblings from someone who has no idea how trading works.

"Guys we know for a fact there are hundreds millions shares to distribute...…….. now if someone wanted in before the end of June and started accumulating in the open market we would see the share price steadily appreciate."

There is regular supply at 1p, because we've issued hundreds of millions of shares well below 1p. It's called an overhang ffs and it means that regular buys in the open market are easily soaked up. We need blockbuster news (i.e. funding) to generate the volume to blow through the overhang, end of story.

The FSA must have a right laugh at these PI conspiracy emails that they get about some tin put operation hardly anyone has even heard of. "Yeah, we'll get right on it, leave it with us". Dear me.

[robjm66] 13/6/2020 09:42

From lse board
topsharepicks

Share price manipulationFri 15:22
Guys we know for a fact there are hundreds millions shares to distribute...…….. now if someone wanted in before the end of June and started accumulating in the open market we would see the share price steadily appreciate.

UNLESS somone with a DMA direct market access account keeps resetting the share price lower by throwing in a few hooky low trades.

That is what this looks like to me...…. market manipulation.

Im going to flag it to FCA they are pretty good at watching they just need a nudge where to look...…..

(Personally not sure I agree with topsharepicks present pattern could be down to someone accumulating below 1 pence hence it holding around that range)

[sussexlibran] 13/6/2020 09:12

Good to see someone over on the LSE board has complained to the FCA over both the suspicious activity / manipulation of the share price and also highlighted the RNS wording about funding.

[the charmer] 12/6/2020 13:53

Just like this BB :-)

[taxlosstone] 12/6/2020 13:49

I think that we'd all agree with Harry's description of ANS after reading this.

"The definition of a true friend is someone who has your back, no matter what. A true friend will always have your best interest at heart. They will never purposely lead you into choices or decisions that aren't good for you".

;-)

[outlawinvestor] 12/6/2020 12:38

Unable to pay? Doubt it... Unwilling? Yeah, without a shadow.

We are talking $11m not $11bln, and a consortium of banks and insurance companies not the Tulu Kapi Villagers Association.

"Unable to pay" is an easier explanation to swallow even if it makes you wonder about KEFI's due dilligence.

"Unwilling to pay" is deeply worrying after all ANS have insider info into the structure of the PPP deal. If this is the case whatever is holding them back cannot be good for KEFI.

It would be interesting to see what calibre of investor replace ANS if it comes to it.

[sussexlibran] 12/6/2020 10:37

@jaylett - I, too, am convinced that ANS are unable or unwilling to pay. I'd be astonished if we get an RNS before 30th June, and when it does arrive I'd be astonished if they paid up. Furthermore, I'd also be astonished if the EG stepped in immediately. The management of this project is of the lowest quality imaginable - I wouldn't expect them to be doing any planning until 1st July

[goatherd] 12/6/2020 10:27

Elpirata,

A very interesting remark by you - "ANS will not be going ahead. You can quote me on that."

Please can you tell us why you are so confident of that?

[goatherd] 12/6/2020 10:27

duplicate - sorry

[robjm66] 12/6/2020 10:26

Kefi and harry obviously do expect ANS to proceed "Is one to assume that ANS have been removed from the TK funding process?

No. We expect ANS to proceed. They are sincere friends and deeply involved."

Its just the company cannot wait an indefinite time for them to do so hence the time limit. Think the ANS will invest if they can as they can see the potential returns with the high gold price.

The Ethiopian government has saved the whole project by stepping in when the international banks pulled the rug at the last minute before. As for the local community they probably want their money and to be able to plan for the future.

[robjm66] 12/6/2020 08:04

That’s about right though I would expect some members of ANS board to be putting some of their own funds in either directly or indirectly if they go ahead.

[rich1e] 12/6/2020 07:22

The gold price is in a good place to encourage investment. I’ll invest here myself today. Interestingly despite the stock market jitters the copper price is strong, which might indicate any correction will be short lived. Dr copper usually a good indicator of economic outlook.

[rich1e] 12/6/2020 06:37

Cheers Rob, so the ANS investment is planned through a consortium of investors, who have the opportunity to maintain a portion of private sector investment in the project. As such ANS’s own funds aren’t the issue. More so, whether they can, either interest others in investing, or divide the investment in a way in which other parties are satisfied, contracts etc. Either way the government have said, we will work with you, but if you don’t take the opportunity, within a set time, then we will.

Is that about, right?

[robjm66] 11/6/2020 23:21

Rich1e article seems accurate apart from Covid deaths in Ethiopia now at 40 total. Would expect outbreak to not last as long there as here as they learned from others mistakes and jumped on it straight away.

[digger2779] 11/6/2020 20:03

I know I am stating the obvious but they really do need to crack on. Dow in a tailspin and far worse to come. Gold will rise further and we need to get going now before funding sources start to dry up.
Pity Harry can't give them an ultimatum saying we will concentrate on SA and come back when TK funds become available. There again I don't suppose he's bothered as got funds to keep his lifestyle afloat for at least 6 months.

[rich1e] 11/6/2020 19:45

Small consolation for you guys, but I do favour the intraday RNS’s that seem commonplace here. Gives the market the opportunity to set the price, rather than MM’s moving it 20% in either direction on the open.

[1deedee] 11/6/2020 19:32

Perhaps a question for Harry on Q&A how much more delay are we going to have if ans do not deliver

[1deedee] 11/6/2020 19:29

I make it 13 days before we get any news let's not forget that some of the Ethiopian government are members

[riotinted_specs] 11/6/2020 19:28

On m'y supposition, those wouldn't be the balls of Abiy Ahmed. He may very well be a good follower but it is leadership the world is looking for - start leading Prime Minister. This whole Tulu Kapi KEFI ANS fiasco is making both Ethiopian business and Government look like outright novice fools. Try harder

[riotinted_specs] 11/6/2020 19:03

I might say that considering yourself an idiot would be a bit harsh. Naive might be closer to the mark. If we look at the recent ethnic cleansing problems in Burma we can see Aung San Suu Kyi is pretty powerless, impotent and unable to exact change. I think it would be reasonable to assume this has been since the case before and since being awarded the Nobel Peace Prize in 1991. Regardless I am riding the bumps of my investment with Kefi and have and will not take a penny out. Prime Minister ABIY AHMED and SAMUEL URKATO and show the world you are at the helm rather than being towed along with the real power brokers. I am quite confident that Ethiopia will attract more foreign investment with confidence that there is true governmental leadership