Kefi Gold And Copper Share Discussion Threads

[robjm66] 17/5/2021 16:02

It’s a warning or not so not going to be on a list of revoked licenses. Noticed gold spiking back up did Elon say something nice?

[fairvalue] 17/5/2021 15:52

Seems to me that a reasonable and verifiable way of checking all this out is to check for Kefi on the Ministry of Mines and Petroleum in Ethiopia's list of revoked licenses: hxxp://www.mom.gov.et/index.php/revoked-licenses-2/

Is anyone able to find Kefi's mining license reference number?

[taxlosstone] 17/5/2021 15:50

Despite Goatie suggesting that there are many reasons why an official might announce imminent warnings I am going to take it at face value. Do not forget that it was the EG who first described the ANS proposed investment as a delay rather than Kefi who said everything was fine & ANS were fine people. Harry needs to break a habit of a lifetime & actually complete something.

[donegal1997] 17/5/2021 15:47

Agree Belfast, I think the stress stems from the funding that massively de-risks our investments . The rest will take care of itself and I'm happy to relax and wait when that happens but until we have that assurance it is a nervous wait.

[riotinted_specs] 17/5/2021 15:42

Spelling error - hoover

[riotinted_specs] 17/5/2021 15:42

Great volume today, really shows that people ready to hover up any sold shares. Real strong base and share price foundation

[belfastboyo] 17/5/2021 15:41

Lol Donegal...I guess my patience comes from taking a longer term view of my investment...I calmly imagine what Kefi will be worth if (hopefully when) they close funding & are building TKGM + granted 1.1k license areas, have produced a PFS for Hawiah after more great drill results, Jibal Q and other EL areas are granted & gold, silver, copper and other PGMs are hitting record prices in 2022/23/24 etc...easily 400m possible or more

[donegal1997] 17/5/2021 15:17

I've only been on this BB for 8 months and it's stressing me out. I don't know how the LTIs manage it.

[belfastboyo] 17/5/2021 14:48

I'm great Aviator...thanks for asking. I'm just chilling waiting for Harry/BOD to deliver with funding closure on TKGM by end June latest (as promised)As I have been here since Nyota days like many LTIs I remain a strong hold until the SP/market cap adequately values the company assets, NPV and prospects...which today I consider grossly undervalued (subject to delivery of funding)

[sussexlibran1] 17/5/2021 14:48

@delta0091 - bulletin boards are meant to be for everybody, but you'll notice on this one you can't post an honest opinion or anything to suggest the company might be in trouble or the bed-wetters will stick their fingers in their ears (yelling 'la la can't hear you') and will filter you. Personally, I like to see a mixture of good and bad, and agree with you re. corruption. This news could, of course, be from a nefarious government official, who knows? 2 weeks or so to wait and see.

[delta0091] 17/5/2021 14:34

15 May 2021

Companies including Kenticha tantalum mine, Tulu Kapi gold mine and Habesha mining are among the firms to which the Ministry will send a final warning letter in a few days.

www.thereporterethiopia.com/article/ethiopia-revokes-mineral-exploration-production-licenses

[theaviator] 17/5/2021 14:34

Have to hold,BB. Added a few more earlier... Probably mad in the head lol Yes if we can break above on gold I think off to the races. Am not going in short anyway unless a confirmation. Third time could break up..Hope you're well.

[belfastboyo] 17/5/2021 13:16

Agree Aviator if it breaks through 1860 and holds we are in for some good gains to 1960 or above...and copper on fire as we know and likely to continue strong Good to see that we have some strong hands on Kefi too..it has been a long painful wait for Kefi to deliver financing but happy to wait to see what next few weeks bring (AGM RNS will clarify no doubt)...

[theaviator] 17/5/2021 13:04

Gold at a major trend line resistance.. watching it for a turn to take a possible shorthttps://ibb.co/XpSwR8Y

[tom barnaby] 17/5/2021 12:25

"Filtered"

BOL!

[marnewton] 17/5/2021 12:21

Take a pill delta0091.

There's rampant corruption in every country - but I'd wager far less here than anywhere else...I've lived in the US FFS!

Filtered.

M

[bradley12] 17/5/2021 10:51

Which means that if the notice required for the AGM is 3 weeks then we should be seeing rns's at latest end of May .

[robjm66] 17/5/2021 10:36

Well some people more clued up here re regulations around AGM than me but I did notice this subtle change.

Yesterday...KEFI remains focused on completing preparations for full Project launch as soon as possible after the Company’s Annual General Meeting at the end of June. Q.A section.

Today “after the Company’s Annual General Meeting, which will be convened in due course for a date before the end of June 2021.”

[estseon] 17/5/2021 10:24

The accounts will have to be circulated before or at the time of the AGM notice. That notice is, I believe, 3 weeks. The notice must contain details of the resolutions to be put to the meeting. Before the accounts can be finalised, Kefi must be able to fix the intercompany debtor for its own balance sheet.

At 31/12/2019, the carrying value of KME was £12.575m reflecting mostly the money invested in TK through TKGM (note 13.1). Also at that date, there was outstanding a loan to KME of £4.85m and a loan to TKGM of £1.2m (notes 16 and 23.2). That was 16 months ago and further amounts will have been advanced and some or more would have been capitalised. The amount due from KME is quite possibly matched by an onward loan from KME to TKGM. The final amount capitalised will determine the JV shares with the Ethiopian Government. The more that KME/Kefi capitalises, the lower the EG minority interest. So, the balances are not just a question of adding up a column using a pocket calculator. There is the more sensitive question of how much will be recovered to at least KME level and how much will be capitalised, adding to the Kefi stake in TKGM.

They may have to finalise the local investor saga before they can go firm with the figures for Kefi's company balance sheet.

[bostanli] 17/5/2021 10:15

Done what I was told and bought the dip 1.99

[bradley12] 17/5/2021 09:45

Think it might have been Rob suggested 3 weeks prior to AGM and yes would have to be on the agenda.

[jlwilliams] 17/5/2021 09:43

And dont the rules say that that would have to be on the agenda, which has to be issued x days beforehand?