Kefi Gold And Copper Share Discussion Threads

[theaviator] 24/9/2020 10:50

Actually think they were just Spreadex muppets Rob but we shall see...

[robjm66] 24/9/2020 10:12

If it was a share placing, share price is holding up well compared to the past.

Also would think Kefi would at least pick one of the financing options for TK before any placing and that's assuming that they do not do a placing post financing completion for TK.

From last placing

"The Placing proceeds net of expenses are expected to be approximately £3.5 million and will provide the Company with the funds to enable the closing of the c.US$260 million project financing of the Company’s Tulu Kapi Gold Project (the “Project”; or “Tulu Kapi”). This includes the anticipated initial closing of the Project level equity in Q2 2020, along with that of the identified debt funding in October
2020,"

Still on target timeline for financial closing that was anticipated.

As for price of any raising share price about three times what it was at the last raising. Then include the fact they are not going to need working capital for TK as that will be included in any deal.

Was an interesting post on the lse board the other day maybe harry should contact the poster.

Bluerill lse kefi board

"and another thing; the issues around 'funding' for this company revolve ENTIRELY around large-scale project financing. At ANY point in time, given the enormous progress it has made already, if the company needed 2,3,4m quid to fund working capital, I know half a dozen guys would back an equity fundraise in a heartbeat and at little or no discount to the prevailing market price. Some of you have to try and rid yourselves of this idea that a small fundraise like that would involve some kind of catastrophic discount, just bc the previous one was handled so poorly. This is a completely different company now and ALL that matters for the share price is securing major project financing , not tiny raises that may be needed here and there along the way.

[theaviator] 24/9/2020 09:59

Well if he places now before this news I will think the chap is crackers.

[taxlosstone] 24/9/2020 09:27

If it is a placing causing this weakness then it will be interesting to see the placing price bearing in mind that last time it was fixed far lower than the prevailing price at the time because of a rising share price. Therefore the placing price should be higher in a falling share price scenario. Yeh, right.

[robjm66] 24/9/2020 08:16

Yes kefi gets the deal done automatically gets the enlarged exploration area.

[scotty1] 24/9/2020 07:15

I would suspect T20s will be dipping their toes in from this stage in anticipation of funding news in October,

[theaviator] 23/9/2020 23:50

Let's get what we have out of the ground first and funded. Focus Harry!

[riotinted_specs] 23/9/2020 23:36

Indeed Robjm66, but that hard work and clearing the way for other miners has provided KEFI some very attractive future pegging rights which have not been considered even one iota in the current valuation. I for one am rubbing my hands together

[moutardbrookes] 23/9/2020 20:16

I remember Plimer's grandchildren as well as Morocco and JR's imminent comment. They hit 10p in old money before the dilution, which would be 170p in these days....

[robjm66] 23/9/2020 16:28

hxxps://newsaf.cgtn.com/news/2020-09-22/Ethiopian-parliament-approves-holding-of-postponed-elections-U097nantbq/index.html

Meanwhile, the House endorsed the appointment of judges for First Instant and Federal Supreme courts as well as ministers for Ministry of Defense, Science and Higher Education, Mines and Petroleum and Federal Attorney General. The House also approved three loan agreements, it was learnt.
..
Good news means less unrest agitating for elections also government will want a good news story plus Ethiopa simply has not been hit as hard as other countries covid wise so would have been hard to keep using that as a reason to keep postponing elections.

[digger2779] 23/9/2020 15:57

Rob you are welcome or should I say de nada.

[robjm66] 23/9/2020 15:37

No problem Aviator.

Definition of a us long term kefi holders “i'm not giving up as I need to make all this suffering worthwhile.” ;-)

[topicel] 23/9/2020 14:31

The liquidating of assets may well be over and gold will hopefully stabilise. Furloughs ending everywhere will lead to more QE and indebtedness and PMs will again be seen as necessary holdings.

And producers and those about to become developer/producers will be bid up again, such as Kefi. The leverage is usually multiples of the gold price increases so we shall see, but finance in and break this recent 2.7p high and the chart set up will be more than spectacular imho.

There is nowt to be done but sit and wait and remain positive now. As HB2 would say, IHWT! He's picking the winning tickets...

Topicel

[topicel] 23/9/2020 14:25

Well the salary aside, which is ridiculous, the Aussie has invested his own money, if not quite £2m, maybe £0.6m, and suffered the 90% devaluation of most LTHs since.

It can be argued it was not a risk really as he was overpaid so we were buying his shares for him really, but that is what has happened.

If he can't conclude the financing this October then surely to goodness he must go. Or does nobody ever take the blame for anything any more (Boris & co.)?

Topicel

[digger2779] 23/9/2020 13:55

Theaviator - i'm not giving up as I need to make all this suffering worthwhile. Averaged down to what I consider a 5p breakeven point. Just frustrated with being fed "mirages" over the past few years by someone earning over £300k pa.
OT - have a few ORPH where the CEO is aligned with shareholders. He's on £140k pa and
no one else in the company is on more than that plus he has put in £2 million of his own money, not options and shares awarded to himself unlike someone we know. That's skin in the game.

[theaviator] 23/9/2020 13:33

Thanks for the postings Rob. Super info. Appreciated.

[theaviator] 23/9/2020 13:28

Digger, it's miners, it's exploration. Happens quite often and people always point fingers at CEOS. Nature of the game really. Wouldn't it be a shame to give up now and wouldn't you kick yourself more if the corner has finally been turned?! Come on mate chin up...the time is nigh...

[scrappycat] 23/9/2020 13:18

digger,

Have you not done your homework? The initial funding was, and is, to have been separated from the main course investment. The ANS bank failed to fulfil their side of the bargain, but the Ethiopian Government itself is still involved in main project funding.

As for Harry, you may not respect him, but the mining community as a whole seems to, as do the Ethiopian Government. For me, as a long term holder, he kept the lights on, and I stand to gain heavily from this in the future.

[robjm66] 23/9/2020 13:02

Well probably a bit easier to raise money for mining projects in Australia as it is a mining nation think Harry has mulled a listing for kefi there in the past.

Ironically think Kefi has done a lot of hard work for other mining companies that are now entering Ethiopia had someone from Allied gold a while back saying how he talked to harry guess he is seen as a bit of a elder statesmen in the Ethiopian mining sector.

Sometimes think Harry has it it in common with some elder statesmen that start looking at their legacy, rather than day to day share price movements.

That can bite you in the rear sometimes but harry is on a mission to get a mine built in Ethiopia and the KSA.

[the charmer] 23/9/2020 12:57

The tide is turning.

More updates on the way. IMHO

[scrappycat] 23/9/2020 12:46

Trying to get the best deal for shareholders?