Kefi Gold And Copper Share Discussion Threads

[goatherd] 07/12/2020 12:53

Harry is much more informative than most CEOs.

That means he is putting up more targets than most.

And many here seem to think that his "hopes" or "expectations" or "targets" are promises.

They are not. They are what he thinks he will achieve.

His choice of financiers in the past (I expect not now!) has been dreadful - but what other options did he have? At least he kept the lights on and we still have something.

[robjm66] 07/12/2020 12:50

Think shareprice will be higher before final deal due to leaks or updates on TK and Hawiah. Deal timing depends on the banks news could drop this month or next depending on how advanced they are with the due diligence.

[rich1e] 07/12/2020 12:47

After a mere six months here, two missed TK funding deadlines, and one placing, I share your frustrations, if not your losses. I wouldn't want to deny anyone gallows humour, or suggest that anyone cashes in just as the company turns a corner. However, the cornerstone of investment, is surely investing in something that you have confidence, and the lower your confidence goes, then so the chance finding a better investment opportunity, for yourself, elsewhere grows.

[taxlosstone] 07/12/2020 12:22

Rich1e ... I'll respond to your genuine question with a genuine answer.

I have been averaging down in Kefi for many years. I have seen an incredible dichotomy between Company positivity & the share price. The Company continues to be bullish as to its prospects but the Market remains stubborn in its belief that Kefi will not be the beneficiaries of any developments. I am so far in & on such a relatively large loss that it's not really worth my while taking the proceeds of any sale. Deep down I am "quite hopeful" of a decent price being reached but that's from "very hopeful". Sitting on a loss for so long is not enjoyable & one of my few Kefi pleasures is being able to vent & share gallows humour with fellow sufferers. Please don't deny me that.

belfastboyo ... That's twice you've said that statistically it's 50/50 there'll be cash received this year. I'm going out for a walk later & I either will or won't be hit by a meteorite. I'm really hoping that it's not 50/50 ;-)

[richjj] 07/12/2020 12:20

Rich I don’t think I’m far behind you with Kefi as I’m not enjoying this wait to be honest ..,however risk vs reward is still pretty enticing to keep my interest .

[goatherd] 07/12/2020 12:18

Rich1e,

Right, lets give you a genuine answer.

Basically my confidence has not been trashed.

I am full of admiration for the way Harry has gained us such a very wide range of potentially extremely valuable prospects. And has dug himself in with the Ethiopian Government. After all he runs the Ethiopian mining school; and has appeared on joint platforms with ministers,

I am not full of admiration for how he has financed, up to now, the company. But I do realise how difficult it is to do business in Africa. And I believe he has almost certainly got it right now (at last!).

Harry has also bought a large holding so has far more skin in the game than any of us. So I KNOW he is highly motivated. I think his (highish) salary has all gone into shares. So does anyone think that he wants to have worked for, what is it, 5 or 10 years for now return? He is deeply committed and trying his hardest.

And, provided he does pull it off, it will 10 bag, or more, within a few years.

[rich1e] 07/12/2020 12:00

Rich, I understand the frustrations. The latest funding promised for the end of October, was stated several times up until the end of September. It's now approaching mid December, which makes me believe that the October date was conjured up from nowhere. However if/when it gets to the point that my confidence in the company is totally trashed, I'll sell up and move on, invest in something that I believe in. I'm puzzled as to why this hasn't occurred to others? Again a genuine question.

[belfastboyo] 07/12/2020 11:50

So let's say the odds of an RNS announcing Kefi has signed binding agreements before end Q4 is only 50/50 (toss of a coin)..should you invest?...well you have to add a second element to that question...if they don't achieve that what will happen to the SP? And if they do? Same question...so personally I think if they don't not much will happen as nothing much has changed...but if they do x3 is very possible...so I'm still long here

[richjj] 07/12/2020 11:48

Tend to agree Rich. The fundamentals haven’t changed re the company or the business intentions. However I’m impatient like us all for some good news . I’ll do 90/10 that it will come good in the short term even if that’s based on perhaps best outcome.

[goatherd] 07/12/2020 11:44

Tops,

Lets get it clear - I think your views on Boris suck. But then you must be a "good European" or you wouldn't choose to live in France - eh?

And, for the record, I am not on any gravy train, and nor am I a sycophant.

Anyone making forecasts about dire things (brexit or KEFI) has not been keeping up with the news - well KEFI, heaven (perhaps) knows about Brexit). Term sheets are an advanced stage of the contractual process.

I am more than 95% sure all will be well; and more than 80% sure it will happen this month.

But I am not a "glass half full" guy - more "glass nearly full" for me.

[rich1e] 07/12/2020 11:34

I understand the long term holders negativity, 100%. I struggle to get to grips with why they're still here. Why invest in something that's so bad? You make it sound like the worst management team in the world and yet here you are. If you can't follow your own advice, why should anyone else listen to you? a genuine question. On the plus side JLP has gone from 3p to 11p in the last couple of months, and they've got the worst management team in the world also. GLA

[topicel] 07/12/2020 11:18

peverill - you talking about Boris? ;)

Those who hang around and support such types are sycophants or on the gravy train with aligned interests in some form or another.

Indeed, much like Harry and all those who give him time and support after all these years, imho.

But we will all know again if he's still buying time before making some harsh decisions. Harry that is, lol.

Topicel

Blimey, there is not much hope if so many LTHs are so negative. And I thought I was being in 60:40 this year. Harry needs to work on his spin; where's TW when you need him? Probably selling out in tranches as I type...

[jlwilliams] 07/12/2020 10:47

10/90 Q4, 60/40 Q1

[chopper harris1] 07/12/2020 10:26

My forecast, fwiw: zero TK funding by end of Q4....a RNS around 18th December full of the usual bluster and kicking the funding can well into 2021.....50/50 TK funding being concluded by end next Q1.

[peverill] 07/12/2020 10:16

The man is a spiv,pure and simple,tells people what they want to hear and gets paid way too much for doing so.If they move him on he will do it somewhere else,it's what he does,has he ever got a mining project off the ground,I doubt it.

[jaylett] 07/12/2020 10:03

I think the odds of receiving actual cash in 2020 are zero, as Kefi have already laid out when proceeds will move. Equity funding over the next six months, debt money mid-2021.

What I am still here for is signed agreements confirming the above, that's all. The icing on the cake would perhaps be a first slug of equity money, but I find it extremely hard to believe that's going to happen in December given the wording of the update at the start of November.

What I think we will get in reality is another holding statement, to the effect that some of the aspects of the consortium are now confirmed, but others are still pending review, or permits, or due diligence, or final sign-off by all parties. No money will move and no legally binding commitments will be made. And I will sell my remaining shares.

Love to be proven wrong, but I doubt I will be. I'm not sure if that makes me glass half full, but to be honest the glass is pretty much empty at this stage.

[topicel] 07/12/2020 09:38

Aye, but I suspect we've already stopped ticking long ago and we are in a kind of suspended animation...

Some might call it purgatory ;)

I had to smile that the Irish PM said the Brexit outcome was still 50-50...well that is another 'stopped clock' type of statement which we can all make that also applies to Kefi.

I'd love to say it is 100% certain we will build a mine and Harry has said it, but at the cost of another billion or more shares? Or, heaven forbid, 1:17 consolidation 2?

That has to be on the cards down the line as the number of shares in issue now will hardly attract the bigger pockets as and when we do start at TK.

Anyway, as a bit of fun, I'll suggest we have a 60:40 chance of being in receipt of funding for TK operations from this new consortium by Xmas and 75;25 by Easter.

Any advance on those half full/empty/realistic odds?

Topicel

[robjm66] 07/12/2020 09:29

Even a stopped clock gets it right eventually topical ;-)

[robjm66] 07/12/2020 08:55

Think the hurry up harry posts are a form of therapy for shareholders as not likely to move the timetable by one second especially when kefi is likely waiting or were waiting on feedback from the banks.

You can be glass half empty and concentrate on everyday being one more day past when a deal should have been done in the past or half full seeing it as one day nearer a deal being done.

[sussexlibran] 07/12/2020 08:00

@belfastboyo - you may very well berate the 'inane responses' of the bears, but what Harry has achieved in recent years (ie NOTHING) and the deceit that has been peddled to PI's (ie imminent, unconditional, next few days etc etc) gives them EVERY entitlement.