Kefi Gold And Copper Share Discussion Threads

[robjm66] 23/11/2020 08:18

hxxps://www.stockmarketwire.com/article/7171695/Director-Deals-Kefi-Gold-And-Copper-PLC-KEFI.html

hxxps://stockhead.com.au/resources/megado-gold-sets-a-fast-pace-for-exploration-at-its-ethiopian-gold-projects/

Edit
hxxps://shareprices.com/news/director-deals-kefi-gold-and-copper-plc-kefi-741tff7qvvr455r

[peverill] 23/11/2020 07:40

Where is the money Harry??

[bradley12] 22/11/2020 11:34

All a negotiated settlement does is kick the can down the road to fester and rear it's head again at a later date.
Sort it now and invest in the disputed area to buy some votes.

[belfastboyo] 22/11/2020 11:31

Agree Rob...it seems within a few short weeks the government forces have taken most of the Tigray region/ key towns already...but also agree that taking the capital may prove much more difficult if they defend it aggressively...terrible to see any loss of life but only hope it ends sooner than later and returns to peace.

[robjm66] 22/11/2020 10:25

hxxps://www.tesfanews.net/ethiopia-rejects-african-mediation/ useful map on this article for seeing where the towns are (Eritrean news site) (though government gains look a bit over stated) government have taken most of West Tigray and force from the west there took Adigrat yesterday with force from the south gradually pushing the rebels back.

If you looked at the progress made you would think it would be all over in a couple of days but rebel forces bound to have most and best troops around their capital and have had sometime to dig in.

However they are going to be surrounded both north and south.

hxxps://www.thechronicleherald.ca/news/world/ethiopia-military-we-will-use-tanks-artillery-to-capture-city-of-mekelle-523100/

Seems some international disappointment that the government has not sat down at the negotiating table but why should they, best thing they can do is take Mekele as quickly as possible then they can be as magnanimous in victory as they like.

[uknighted] 20/11/2020 22:11

I intend to write to PP and ask her to arrange for my speeding ticket to be cancelled. I genuinely didn’t know I was speeding!

[robjm66] 20/11/2020 19:22

I am sorry that my behaviour in the past has upset people. It has never been my intention to cause upset to anyone... whoops sorry thought I was Pritti Patel ;-)

[goatherd] 20/11/2020 18:17

Jaylett,

I was not attacking you. If, as I assume, you were referring to me in your last post.

I was merely having, I thought (and hoped) having a civilized debate about something which I thought you had misunderstood. (and still do, by the way!).

I am sorry if you thought that it was, in any way, an attack.

[jaylett] 20/11/2020 17:23

Exactly, but some people can't be told anything, instead preferring to attack people just for telling them how it is. It's strange and a bit sad, but there you go.

[estseon] 20/11/2020 14:30

The broker's clients would have taken the issue and they would have the chance of selling shares held through other brokers or shorting through IG Index or similar in the reasonable belief that the share price would wilt once the gossip of a placing had done the rounds. So they could reinvest old capital released by sales or new capital provided by profits. LTH's just have to dig deeper.

[robjm66] 20/11/2020 11:22

Shareprice going to spike post any deal any increase in share pre deal going to get multiplied either over the shorterm and probably medium and long term as well, higher shareprice means less dilution and less costs.

TK going to be a big deal anyway how about someone at kefi showing some imagination for a change over financing?

Maybe someone here even could come up with a "cunning plan" so ordinary shareholders are rewarded for once.

[goatherd] 20/11/2020 11:04

Not only admin - an offer document, for an offer to the public, has to be a great deal more detailed than a placing document; and hence very expensive to produce.

This is, of course, to "protect" the public; and, of course, is not designed to help the City.

But none of that is Kefi's fault.

[robjm66] 20/11/2020 11:02

Do not have to do it every time but would be nice if they found a way to one off reward ordinary shareholders rather than dilute them by giving sweetheart deals that actually cost ordinary shareholders money through dilution.

If they came up with a plan would actually boost the shareprice in advance of any deal as well outweighing any increased costs.

We are in the age of bitcoin but the ways of raising money are still in the eighties.

[uknighted] 20/11/2020 10:55

It is usually uneconomical to offer placings to PIs due to the administration costs involved.

[robjm66] 20/11/2020 10:29

hxxps://www.investopedia.com/investing/understanding-rights-issues/

Looks to me that the company is heading off criticism of over generous conditions for institutions and so on, basically non pleb holders like us (well me) taking part in final TK finance deal.

While encouraging that they are fine tuning the deal why should they get some kind of special deal when the deal is going to be so transformative to the company and its share price?

I am all ready all in on kefi so bar selling my body at a fiver a pop or my organs (anyone want a slightly used liver?) not going to have the resources to top up bar a very understanding bank manager (think they are extinct if they ever existed).

Should flip the whole thing on its head and bar holders with over one or two percent holding of the shares access to warrants (assuming that's the plan) and give the option to smaller holders that might have some money waiting on the sidelines to top up near or at the breakthrough TK deal for the company.

I would likely not be able to benefit but I would get some satisfaction that a lot of loyal kefi holders that have held through thick and thin would.

[goatherd] 20/11/2020 10:07

jaylett,

You are misinterpreting what he said.

He was postulating a situation where the placing price is about the same as the market price AT THE TIME OF THE PLACING. That, of course, changes the entire argument.

[belfastboyo] 20/11/2020 10:06

I don’t think there would be a problem asking existing shareholders to participate in a small rights issue once a final deal has been concluded to seal the deal...any such issue would no doubt be at a significantly higher price than today given current share price is -1.69 valuing Kefi at only 32m...versus NPV value 284m USD at 2k AU, 65% share TKGM...ignoring all other assets...far, far more important that the sea is concluded to see share price x2 x3 or more...

[jaylett] 20/11/2020 07:53

"On a separate but related note, when a placing is at or near market, it should theoretically be less of an issue for shareholders who want to buy shares, as they can indeed just buy shares in the market."

Completely ignores the obvious forward-selling that happens every time they dilute the shareholder base. The price will always gravitate towards the placing price so yes, we can all buy shares at that price if we wish; however the price when he actually put pen to paper was tens of percent higher, which the counterparties are clearly able to profit from. LTHs who are not in the cosy little circle of friends, are not.

As always, doublespeak and half-truths from the King of Pony and Trap.

[goatherd] 19/11/2020 18:16

Interesting Q&A from Kefi today -

"Participation by retail investors in KEFI equity raisings
Q: I noticed from the November Presentation some new info on slide 12 (TKGM):

‘"he KEFI Group component would be expected to be sourced in a number of ways which comprise: Local Investors and Mining Financiers equity subscription to KEFI subsidiaries KEFI Ethiopia and KEFI Marketing plus raising by KEFI Minerals PLC in the form of the Placing in November 2020, Loan Facilities on Offer and a Rights Issue at the time of settlement by all consortium members. These commitment remain non-binding."

Do you have any details on the "Rights Issue"?

Premature to say. The only point being made now is that we wish to provide for shareholder participation when all parties and deals are signed up and approved.

Q. Why did KEFI not offer retail investors the opportunity to participate in the recent placing, as many other companies are now doing through PrimaryBid?

We have taken advice which recommends that PrimaryBid can only be considered as a supplement, not a substitute, for a placing. That is becausePrimaryBid needs to be announced upfront, without assuring an outcome. When that is not a concern from the viewpoint of protecting shareholders’ interests, then PrimaryBid is a good option to consider.

On a separate but related note, when a placing is at or near market, it should theoretically be less of an issue for shareholders who want to buy shares, as they can indeed just buy shares in the market.

Posted 19 November 2020|"

[robjm66] 19/11/2020 16:54

hxxps://www.fanabc.com/english/ethiopia-earns-265-3m-from-gold-export-during-last-four-months/

[belfastboyo] 19/11/2020 12:34

Hopefully, the Tigray problem will be shortly resolved and government gains full control. Talk of Civil War and escalation etc. Is being proved a nonsense.