Kefi Gold And Copper Share Discussion Threads

[robjm66] 28/4/2021 00:43

KevRaff mentioned reason for delays 13.30 to 17.03 mins in webinar “challenging environment” and more checks and balances and question about did new potential Ethiopian investors slow things down 34.40 - 35.15

46.38 when do more funds need to be raised for kefi one would hope it would be after the closing of TK project financing? Yeah next financing would be wrapping the whole thing up together 47.05

47.09 Is kefi alone covering monthly cost of TK gold mine what is the rough monthly cost.. million a month at moment only two people funding it today are kefi and the government.(slide 24 of presentation shows what the Ethiopian government are doing) “
Construction: “continue access road construction and electricity connection from main grid to site;””$20M: Government, for off-site infrastructure (binding contract already executed)”

[robjm66] 27/4/2021 23:08

hxxps://www.kefi-minerals.com/news/webcasts webinar now on website as well as presentation hxxps://www.kefi-minerals.com/news/presentations/2021/corporate-presentation-27-april-2021

[bahamarama] 27/4/2021 22:28

One thing I've learned over the years is that CEOs are, although responsible in their positions, sometimes just as vulnerable to the vagaries and uncertainties of other's actions as the rest of us.Where the buck stops is often unfairly drawn at the desk of those who we ask to TAKE responsibility. (And are paid for this burden). Where it truly lies is often more convoluted...

[scrappycat] 27/4/2021 21:59

To me, Harry definitely sounded confident that he had finally managed to get the EG to get their skates on. Also, given there are other parties to the proposed funding, he seemed confident, in himself, that the funding would be agreed by the end of June. At least, this time, we should be able to follow the footsteps on the way.

[bahamarama] 27/4/2021 21:30

Anyway, all rather academic.Nothing, in my opinion, to be read into its publication today.Content more valid than (questionable) timing.On this occasion..!!

[bahamarama] 27/4/2021 21:27

Last one on 25th Jan 2021.So, quarterly, April 27th about right..??

[bahamarama] 27/4/2021 21:24

Don...You know what it's like..? We all read lots of stuff and get bogged down and easily confused with the comings and goings..!!I just thought I read on the KEFI website (in the last 48 hours) that they were releasing their 'quarterly Corporate Presentation' today in line with the date they have released their prior ones..? So, it didn't seem 'weeks' early to me..??!!

[kevraff] 27/4/2021 21:21

For March that is

[kevraff] 27/4/2021 21:21

Didn't get to see the full presentation this morning so did anyone note if Harry gave a reason for the senior lenders not signing off funding?

[donegal1997] 27/4/2021 20:59

I think Bradley is correct, I'm not sure who or when but I'm nearly certain it was mentioned on here that the webinar date was brought forward to today. I can't recall what date sadly.

[bahamarama] 27/4/2021 20:18

Wasn't this webinar executed as per previous ones..? On a particular date..? Which was today..?The KEFI website suggests so..?

[robjm66] 27/4/2021 20:07

They main thing is will any cash raising be post deal or not, from the comments in the webinar clear its expected to be post deal.

[neally99911] 27/4/2021 19:37

Pretty sure the question was how much is Kefi itself spending rather than "how much is being spent" but I'll listen again when they release the webinar is out on the website - could be I jumped the gun but dont think so

[bradley12] 27/4/2021 19:21

Is that the reason for bringing the webinar forward a couple of weeks, so it didn't fall in between announcements?

[rich1e] 27/4/2021 18:16

Cheers guys, a few points if we are to get funding news piecemeal, so to speak. First, he must be confident of completion, it doesn’t make sense to issue a series of positive developments and then have to reverse. Second the share price rapidly rose on the consortium news back in the autumn, we might see some share price movement, not seen since then. And third, the first piece of news might come any day now.

[robjm66] 27/4/2021 18:06

• $20M: Government, for off-site infrastructure (binding contract already executed);
Most of the money being spent on TK is by the government at the moment on roads electricity so general infrastructure personally would think that was a plus.

[shortarm] 27/4/2021 17:15

Yeah, that's mainly the government at the moment- oops!

[neally99911] 27/4/2021 17:10

When I heard Harry say they were spending a million a month on TK I sold my shares this morning. I had been working on the assumption of a fundraise long after TK financing in July or August at a much higher price but with the delays and the cash burn I can see it being only a few weeks away at a lowish dilutive price- changed the risk metrics in any case so I'm out. Hope I'm wrong for the LTHs - good luck all

[robjm66] 27/4/2021 17:00

Slide 6 of the presentation does say several groups have signed terms sheets and waiting on others to commit this month so would expect the company to update the market as others come on board as its market sensitive news and to build the share price in advance of the final sign off.

Plus harry did say he expected a string of announcements and the share price to improve as the project became more de risked.

Will listen again to the webinar when it pops up on the kefi site to see if I missed anything.

[fairvalue] 27/4/2021 16:51

@Rich1e - sounded like it, he said 'May is a key month and if all goes well you should see a string of announcements'

Bit like asking the restaurant to just bring it all out in any order as soon as it's ready.

Perhaps H can sense our hunger...

[riotinted_specs] 27/4/2021 15:44

Thanks Rob

[rich1e] 27/4/2021 15:08

I've not had the chance to go through today's events thoroughly yet. But I noticed a post from Tone earlier about reporting funding parts as they're completed. Is the implication that from here on, we could get notification as each party signs off?

[theaviator] 27/4/2021 14:32

June it is then. Am extending him a month to allow for slippage. Slips more than that, I'm out!

[robjm66] 27/4/2021 12:25

Thanks for thanks all.