Kefi Gold And Copper Share Discussion Threads

[chopper harris1] 20/10/2020 15:50

Agree. After today there are eight trading days remaining in October. In my opinion, Harry 'stands or falls' by what happens, or doesn't happen, between now and 4:30pm on Friday 30th October.

No more excuses, no more delays. He last kicked his 'funding football' to the end of this month from earlier in the year. No funding and another load of excuses and someone will need to take the ball off him before he tries to kick it into 2021.

Benefit of the doubt remains with him for the next eight days. The clock really is ticking.

[sweetwaters] 20/10/2020 15:25

As the final final final [insert infinitum] deadline approaches, some are already talking about a delay. A deadline's a deadline. Time costs.

August 2017, Oryx anyone? "KEFI and Oryx Management Limited (“Oryx”), the mandated project financier for the Project, have agreed the finance execution plan and assembling documentation across all the fronts for finance closing later in 2017."

April 2019 ANS anyone? "ANS Mining Share Company S.C (“ANS”) has confirmed it has now received its first Project equity instalment commitments for US$11.4 million (Ethiopian Birr equivalent) from its investors. The amount is higher than the previously anticipated US$9 million (Ethiopian Birr equivalent). The subscription of this enlarged amount and release of funds into Tulu Kapi Gold Mines S.C (“TKGM”) will be in the current quarter upon satisfaction of conditions summarised below."

many more examples should you care to look.

If Kefi Exec team don't secure funding and $USD in the bank for TK by 31st October 2020 then they should move aside for a team that will.

(there may well have been 3 US Presidents and umpteen British Prime Ministers by the time Kefi get a single gold mine going)

[taxlosstone] 20/10/2020 15:13

Thanks rob.

I'm pretty sure that he was quoted as being far more confident, almost definitive about funding being completed in October. It went something like "we won't be deflected in our determination to secure full funding". It was quite flowery so probably not in an RNS.

Perhaps I dreamt it. :-(

[robjm66] 20/10/2020 14:55

Taxlosstone 22nd September Interims latest.

“As reported post period end in July 2020 Tulu Kapi project company Tulu Kapi Gold Mines Share Company (“TKGM”) is in detailed discussions with specialist mining financiers to complete the Project finance consortium alongside the mandated senior bank lenders to the Project. TKGM is working closely with all these parties to refine the detailed terms and to complete their reviews of the recently completed independent technical expert reports. The focus remains on continuing offsite development activities, the closing of the full Project funding package in October 2020, resettlement commencing in Q4 2020, site construction in early 2021 and for gold production to commence in 2022, in line with recent guidance.”

If you look at the volume it not that high share price started dropping after 11 probably some people thought that time was the last logical time for kefi to drop a rns before the webinar. That ignores a couple of things one in the past kefi has dropped rns at illogical times and webinar not till 2pm so kefi could drop a RNS Monday morning and harry could then bask in the praise at the webinar.

“Investor Webinar
• The Company will host its live quarterly webinar at 2pm London time on Monday 26 October 2020 which will be accessed via: www.brrmedia.co.uk
• Listeners are encouraged to submit question”

[atticusfinch1] 20/10/2020 14:52

Shaky shaky?? My finger nails are getting warn out...

[taxlosstone] 20/10/2020 14:38

I realise that there are still 8 working days in October. I just trawled back over a 100 days of posts on this thread looking for the quotes from Harry about the October timetable. Can anyone please remind me where to find the Harry announcement that said something like they were determined, nothing would prevent, they fully expect full funding announcements & mine preparation in October?

[shortarm] 20/10/2020 14:33

Grouped sells all at once manipulating the price. Panic mode on and sell up? That would be a silly thing to do!!

[theaviator] 20/10/2020 14:33

The share price in a range waiting mate. That's ok and not a worry tbh

[robjm66] 20/10/2020 14:26

hxxps://www.press.et/english/?p=29181#

“As to the premier ,Ethiopia’s financial sector, export performance , manufacturing industries and mining have been made to see great strides in terms of generating more income and capital and creating more jobs after carrying out the necessary and timely reforms during the past two and half years.”

[theaviator] 20/10/2020 14:05

Harry needs to get his first out of his... I had a good look over ten years here Charles. No wonder you get people like Katsy calling it lifestyle company. It's a real shame to be honest but I understand why and I hope that will change.

[charles clore] 20/10/2020 14:02

So it seems the only thing holding back the price right now is a lack of confidence in the management to deliver. It is, in fact, simply an historical flashback with no other evidence that it will happen again. I understand the concerns but think this is priced low enough to be well worth the small risk of history repeating itself. Oh and the upside is enormous imho.

[oilisgold] 20/10/2020 13:22

Maths is very simple and risk vs reward. Get the RNS and you are looking at 5p plus, miss the deadline then expect 1.5p to 2p. Either you are in now or out.

[oilisgold] 20/10/2020 13:19

Well, if there was some short of delay we would have known. Harry has firmly mentioned full closure October. The Market will not be kind if there is some short of a delay this time. If we do get that RNS next week then many here will instsntly bag that bought low. For those that been here many years, it be just the start to re over losses.

[under the radar] 20/10/2020 13:18

Don’t bother buying this yet as it’s very toppy.

[jaylett] 20/10/2020 13:16

You have zero evidence that any delay would only be a couple of weeks. Past history tells us that when Kefi miss a deadline, it is due to a fundamental flaw in their planning. That flaw then tends to cause meaningful dilution to existing holders while they raise capital in order to buy time and try something else. Forgive me if I'm keen to avoid that happening yet again while I wait for HAA to finally come good on his big talk.

It amazes me that shareholders can talk of Kefi hitting their own repeatedly stated deadline as being "a bonus". It should be the bare minimum for a competently run company.

[riotinted_specs] 20/10/2020 12:35

I agree I think it would be foolhardy to say this deadline is all or nothing. Some have actually been in this stock for 5, 10 years and beyond. The important thing is the project financial closure happens. An additional couple of weeks is immaterial. Bringing this over the line in October would be a superb bonus that is for certain

[taxlosstone] 20/10/2020 12:34

JLWilliams20 Oct '20 - 12:06 - 6746 of 6748
0 4 0
Personally I am not that hung up on the end of the month "deadline".

If we don't get a decent funding announcement in October, it should be Harry that's "hung up". ;-)

For the politically correct, that's a jest not a threat.

[belfastboyo] 20/10/2020 12:18

As the great Jesse Livermore once opined he made most of his money "sitting on his hands"...Patience will be rewarded here as there is a huge disconnect between the intrinsic value of BILLIONS USD revenues of mineral assets in the ground at TK, JQ & Hawiah plus massive underground and license area exploration assets. "Mr market" is a maniac depressive...and the idea of a perfect/efficient market is beyond foolish...otherwise we would not have a Kefi on the one hand and a Nikolai on the other....one massively underappreciated and undervalued and the other the opposite imho. But what is clear is that assuming the funding is closed this month then Kefi shares will likely soar...to what level no one knows....but sooner or later the "gap" between intrinsic forecasted NPV's and assets coming on line soon (2/3 years) and the current silly valuation of c£40-45m will get bridged...in fact often the market overshoots on the upside before returning to a more realistic rating..Best of luck to all the LTH especially who have suffered over many difficult years with Kefi….the ball is in Harry's and the BOD and I hope and pray they FINALLY deliver...

[shortarm] 20/10/2020 12:09

It was a long wait and missed deadline with ARS - turned into and excellent deal!It's a complicated business but I'm sure we'll get there!

[jlwilliams] 20/10/2020 12:06

Personally I am not that hung up on the end of the month "deadline". I can only imagine the complexity of the task, choosing the right partner(s), then the strategy/strategies, then getting it passed by EG and whoever else.... The deal is on its way, I think the only thing that could put a spanner in the works would be a mega drop in the gold price.

[oilisgold] 20/10/2020 12:03

Less then a week to go now. If you are out, its a potential 100 to 200% hit for you. Worth the risk now as rewards are now mouth watering.