Kefi Gold And Copper Share Discussion Threads

[robjm66] 16/5/2021 10:46

Think we could have a bumpy ride Monday but it will blow over as too much at stake for everyone and TK is not that far off from launch.

[sussexlibran1] 16/5/2021 10:41

@robjm66 - I agree - a crystal clear RNS is required on Monday to address all of this, even if it is just to confirm some kind of mix-up.

[pennstreet] 16/5/2021 10:26

Geez - there's some real negativity here this morning!

[unionhall] 16/5/2021 10:20

Two comments.....


Why are their recent meetings still not addressing substantial progress?


The Q&A response is the most verbiose we’ve seen from Kefi. It feels to me like if we say enough, people will not be able to see we have actually said nothing.

The whole thing is very unsettling given our leader’s propensity for gilding every flower not just the lilies.

Remember he has never got a mining project financed and to production.

[matthew stone] 16/5/2021 10:19

@scappycat - I obviously appreciate timetables are subject to slippage (God knows, as a KEFI shareholder for nearly a decade I am acutely, painfully aware of this!) but
KEFI themselves state in the Q&A that the steps and timetable have now been agreed at a meeting with the parties involved. If so, it would be good if this formed part of the RNS which surely must follow tomorrow.

Unfortunately, I suspect the price will get hammered initially tomorrow, but if they can provide something to the market to give confidence this is still going to be done and dusted in the next few weeks, it may be (yet another) opportunity for one final top-up!

[scrappycat] 16/5/2021 10:18

Richie,

If you do not believe this is progressing behind the scenes, what on earth are you doing here. Since you obviously doubt the veracity of the management, it would seem sensible to take your investment elsewhere. The company has provided a desired timescale, and can do no more. They are not providing funding, and commercial confidentiality agreements are likely to be in place, preventing the issue of certain information. In any case, whomsoever the other party(ies) is (or are), Kefi are still reliant on them to execute their side of any bargain, and can, themselves, provide no promises.

[rich1e] 16/5/2021 09:59

If this is progressing behind the scenes, after eight months, there has to be solid information that can be released to the market. Who the partners are? Which one’s have signed up? What/who we are waiting for? What the alternative arrangements are? Released via an RNS regulated news, not an informal chat.

[scrappycat] 16/5/2021 09:54

Matt,

'We now need a comprehensive RNS tomorrow clearly detailing the steps still remaining for financing and a timeline for when they will be completed.'

Since the timeline is totally reliant on other parties actions, how on earth can you expect Kefi to define a date when such things are resolved. They obviously anticipate completion to occur within the published timescale, but are in no position to guarantee it.

A small example will suffice. I had bought a house utilising a mortgage. In the event, on the day scheduled for completion, the mortgage company failed to transfer the funds necessary for completion. As a result, all my belongings had to remain in the removal van until the next day, causing problems for both my family, and the removal company. All the fault of the mortgage company, and they acknowledged this. When another party makes a promise, it is not always fulfilled.

[donegal1997] 16/5/2021 09:51

TW has a new article on Kefi this morning but is subscription only.

[rich1e] 16/5/2021 09:47

As I say we need the financing developments RNS'ing as they happen, as we were led to believe. Starting tomorrow would be good. No better way to address this speculation.

[sussexlibran1] 16/5/2021 09:39

@matthewstone - I posted exactly the same this morning - the letters have not yet been sent, so the Q&A response is VERY misleading!

[matthew stone] 16/5/2021 09:35

The warnings have not been sent out yet, hence Harry can of course state he's not received it yet!

[rich1e] 16/5/2021 09:32

I would in part disagree, a warning isn’t overly harsh, especially if it focus’s minds. From the Q&A “We are all extremely busy closing the financing and development preparations in accordance with recent guidance to shareholders”. Though an RNS is required to clarify the latest developments, the best response would be to start releasing some of the “promised̶1; finance news that we’ve been anticipating over the last two weeks.

[scrappycat] 16/5/2021 09:23

My take on this is somewhat different.

The EG will always want to be seen in an equitable fashion, as far as foreign investors are concerned, and will endeavour to treat them all equally. To maintain that neutrality, it would be necessary to issue a warning notice to Kefi to ensure all relevant companies are perceived as being treated the same. They (the EG) are not obliged, I imagine, to act on it. Hopefully, the funding issue will be resolved shortly, and the notice will become redundant.

Harry states that he has not received the formal warning as yet, and I see no reason whatsoever to doubt his statement. It is totally unnecessary for him to deny such a matter if it had occurred.