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KEFI Kefi Gold And Copper Plc

0.57
-0.002 (-0.35%)
Last Updated: 12:05:10
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Kefi Gold And Copper Plc LSE:KEFI London Ordinary Share GB00BD8GP619 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.002 -0.35% 0.57 0.566 0.57 0.596 0.57 0.60 10,834,269 12:05:10
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Metal Mining Services 0 -6.36M -0.0013 -4.38 28.3M
Kefi Gold And Copper Plc is listed in the Metal Mining Services sector of the London Stock Exchange with ticker KEFI. The last closing price for Kefi Gold And Copper was 0.57p. Over the last year, Kefi Gold And Copper shares have traded in a share price range of 0.504p to 1.12p.

Kefi Gold And Copper currently has 4,965,124,857 shares in issue. The market capitalisation of Kefi Gold And Copper is £28.30 million. Kefi Gold And Copper has a price to earnings ratio (PE ratio) of -4.38.

Kefi Gold And Copper Share Discussion Threads

Showing 75826 to 75847 of 97325 messages
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DateSubjectAuthorDiscuss
14/4/2021
11:30
It might have dropped 20% this am, before hardly any shares changed, and yet it barely moved for 2 months. I'm still of the view that someone was filling up over that period. Exploration heh, time money and grief, who'd do it if they didn't have to? Especially with no guarantees at the end of it.
rich1e
14/4/2021
11:26
But unlike LTIs and newbies we don't get paid a kings ransom every year for failure to deliver...I think we will get funding closure before end June so I continue to hold for now
belfastboyo
14/4/2021
11:24
My estimate is Harry has invested between £1m & £1.5m in acquiring shares over the years in Kefi and is probably sitting on a large loss at
belfastboyo
14/4/2021
11:09
Have we had another RNS lol? Note to self....do not ever ever ever buy anymore until the shovels start hitting the dirt.
digger2779
14/4/2021
10:41
Any chartists TA gurus views on todays share price reactions is it still in an upward trend??
mick1909
14/4/2021
10:38
goatherd? He has lost nothing!

He has not notified any sale of shares, so your comment is wrong.

AIM directors know much more about the company than any shareholder will get to know, and the timings, so all the time directors are accruing cheap shares or options as a result of their own actions or inactions, they are accruing at the expense of other shareholders.

How much actual new money has Harry invested which does not include shares in lieu of remuneration etc.

pensionplanner
14/4/2021
10:38
My names actually Robert but do not feel bad PensionPlanner the plumber here has been calling me Patrick for three years.

By delay expect declaration by New Ethiopian investor group in May rather than the previous timeline. Everything else seems more or less on track.

Mes38 agree would suit the Ethiopians to have a big fanfare before election could do what the government does here announce good news then re-announce it for about a month.

Estseon well I am annoyed but not totally surprised, at least it is in no ones interest now to let it drag on past the election date for the keys bits.

Hopefully Harry can announce the full consortium along with names next month which could settle some nerves.

robjm66
14/4/2021
10:36
PP - I don't think that this is in any way being driven by such considerations. The contractors will want to get on with it. There appears to be a desire for local investment - perhaps the government is pushing Kefi to be flexible and accommodating towards the local investors who want to "be in" but have difficulty raising the money, not least of all because of the failure of the local, commercial and retail banks to maintain depositor confidence.

We will have formal notice of the AGM. First, Kefi will have to produce and distribute the 2020 accounts. Investors can reduce dilution by buying and lifting the price but there is plenty of time and we will have plenty of warning.

A big reassurance is that Ausdrill/Perenti is lined up to put its own cash on the line in addition to the $60m of vehicles that will have to be shipped over to the mine. That's quite a commitment.

estseon
14/4/2021
10:34
Sorry. I still don't know how that duplication happens.
goatherd
14/4/2021
10:34
PensionPlanner, 11691,

I really doubt that makes a difference to their planning. Harry, in particular, has a very large holding already (32.2m), and so has lost around £110k this morning.

The advantage of a lower price only comes with future options or conversions.

But we should get some comfort while he continues to invest still more of his own money (or time). Surely he would not do this if he thought failure was even a faint possibility?

goatherd
14/4/2021
10:31
Disappointing, but not too unexpected.

Harry talks about what he can control and what is outside of his control with a degree of poetic licence and, as a result, expectations are the usual causality. This is ‘old news’ to many. At a company level this is often initiated from a survival need. The practical impact of such an approach is often collateral damage as some long term holders may attest to. At an individual level, such an approach may be more of a motivational tactic.

Add political input where the control of information flow is also crucial to survival (capturing votes) and, behind the scenes, there will be much that will never see the light of day. Notwithstanding, is there now sufficient momentum build to finally get this over the line?

sharenotes
14/4/2021
10:29
Thought about todays news whilst at the gym this morning and have just added £5K's worth at 1.85p
philby1
14/4/2021
10:22
est

or in understanding that whilst the share price often crashes after yet another failed target, those failing are enjoying the 'fruits of their labour' by getting vastly more shares in payment for the lack of reaching those targets.

pensionplanner
14/4/2021
10:20
Two years wait not good
zxie
14/4/2021
10:19
Full marks, Rob, for suppressing your own cries of pain.

Of course it is still on course. It's just that it's like walking the hills - you get to the top of one and see another rising ahead of you. You know that you will ultimately get to the highest of them but you need to dig deeper for the for the determination to proceed. When the summit of the highest is climbed, you can then gaze down at the surrounding land feeling some sense of achievement though the pain suffered cannot be logically justified.

That does not stop us from cursing the person who drew the map that misguided us into thinking that the summit should have been reached earlier.

The wait continues. The only potential silver lining is that we may be able to go out to the pubs and get smashed by the time the long-awaited announcement comes out.

estseon
14/4/2021
10:17
I don’t post often - but trying to be objective this is what I like and don’t like about this morning’s RNS….

I like the fact we now also seem to have “more than one” multinational industrial group involved – further down the line for funding in Saudi etc., I see this as helpful and as said before I think RAB will want to position themselves for an exit. Not sure it necessarily means the original industrial got nervous or had to scale back - from the info back in October there was $29m of funding unallocated, so I bet Kefi have continuously been talking to different parties to make up the overall total as best they can. Compared to the October announcement, the senior lender term loan/debt part of the package has gone up slightly - now c$140m ($132m in October). The $221m total funding requirement seems solid and Q4 2022 commissioning is still on track. The various project activities listed continue.

Not so good the consortium is still moving although we knew before from the March presentation that the actual paperwork closing/registration with government would fall into Q2. Comparing the October RNS with the Q4 update and now the Q1 update, the RNS seems to have got progressively less precise about how the $221m would be sliced – seems counterintuitive as time passes.

Effectively also I think we have confirmation there will be some dilution at TopCo level with “the mining contracter to invest in KEFI shares” although this may do away wholly or partly with the need for the rights issue possibility mentioned in both the November and January corporate presentations. Nobody wants dilution but if this gets the financing to close, I don’t see the share price dropping like it would in a normal rights issue upon announcement. Hopefully there will be some sort of lock-in. Anyone invested in FAR recently saw big and immediate share price jumps on a funding announcement even though the there was dilution bring in the new investor at a discount. So actually that might be a net positive because us existing holders would not need to put our hands in our pockets under a rights issue (or put less in). Presumably this all links to the reference to the AGM.

As to what is driving the apparent delays, I have to believe the management are not deliberately dragging this out. Maybe it’s to have a grand fanfare nearer the time of the Ethiopian election, maybe its Harry and RAB still trying to maximise the value to the company from fine-tuning the structure (after all 65% is much better than the older 45%, and it’s the long term value that matters here) and make sure the investor group is the right one for the long term support of the business. Maybe there have been problems with people pulling out, who knows. It’s easy sat behind a keyboard to think these things should move faster, but the reality is probably it’s far from easy.

Overall it’s disappointing, yes. But there’s potentially some positives in here too. I have a much more modest position/have been invested for much less time than some on here so for sure it's easier to be sanguine about things. But I’ve not given up believing something positive will eventually result for patient holders. GLA!

mesb48
14/4/2021
10:16
robin...you mean another shortish delay before another excuse?

It is funny though that Harry and his team gain with a low share price and this will continue with every remuneration or option offered for his 'success' along with wages being paid in shares. So a low share price is very helpful....but not to shareholders.

We don't even know the Ethiopian investors exist!

See all the "Harry's last chance" comments, but meanwhile if his and others remuneration are paid out in shares...they are laughing to themselves whilst shareholders bemoan the low sp, they enjoy share purchases at that low share price for achieving diddly squat?

In AIM, when placings etc. along with shares in lieu dilute shareholders out of existence, when/if it comes good, which it should. Long term shareholders heavily diluted gain a fraction of what those who have enjoyed not really paying for their shares, or being awarded options for potentially getting a finance agreement year after hear, or having remuneration in shares at a very low share price in no small part as a result of their own 'endeavours' or lack of.

I expect this at some stage to do well with the assets, but it will reward some who have failed to hit targets exponentially more than shareholders heavily diluted in the process.

pensionplanner
14/4/2021
10:09
faith should be left in the realms of religion, faith gets you nowhere in stocks, you should use facts and figures.
deanroberthunt
14/4/2021
10:06
Well, not happy with the news today, but let's be honest, it wasn't exactly unexpected.

I have actually bought about half the shares I sold at c2.29p yesterday back this morning, at around 1.8p - I really am a glutton for punishment!

I'm keeping faith for the time being (in the assets, if not the management), but this does feel like HAA's last chance for many of us; I can't believe the EG are too happy with this nonsense either..

matthew stone
14/4/2021
10:00
A leopard never changes its spots.
uknighted
14/4/2021
09:56
Even if you set out to miss as many targets as you could, you wouldn't get anywhere near the expertise of H....he's a pro when it comes to delivering nothing, except dilution...placing ahoy
deanroberthunt
14/4/2021
09:26
Reading through everything again really only a shortish delay on one part (though important I agree) that is not throwing out the overall timetable.

The new Ethiopian investors want to get on board obviously do see it as a sure thing as does the mining contractor that is suppling the fleet and assuming its the same one wants invest in Kefi shares.

Ironically could end up with more buying than selling today think if the company and harry had actually trusted us rather than have a “the truth you can’t handle the truth” attitude the shareprice would be a lot higher over the long term.

robjm66
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