Kefi Gold And Copper Share Discussion Threads

[robjm66] 18/5/2021 09:50

Contractors setting up the mine government providing the infrastructure and government already given plenty of support to Kefi.

Pre Kefi and lower gold price mining companies were not exactly queuing up to invest in mining in Ethiopia and kefi has shown some tenacity to get this far and hopefully soon the rest of the way.

[scrappycat] 18/5/2021 09:44

peverill,

Perhaps because they have faith in Harry, as does, it seems, the mining community as a whole. If you have followed Ethiopian publications on Kefi, and Harry, they have historically been very favourable. Time will tell whether their loyalty was misplaced.

[pensionplanner] 18/5/2021 09:44

Rich1: you could be on the money, also leverage, but strange things occur where mining companies are concerned. This has been more than focused on because of Chinese influence in Africa....a lot more money in China than Kefi, and sometimes it just comes down to expedience.

[rich1e] 18/5/2021 09:09

He would apparently now have the EGs blessing to upset a few people

[rich1e] 18/5/2021 08:58

A warning, a shot across the bows, kick up the #rse whatever? Hopefully behind the scenes, Harry's asking the question in or out? Let's close this up, and taking action.

[scrappycat] 18/5/2021 08:45

I would just like to point out, that we had an update yesterday. Apparently, the funding issue is progressing as Kefi hoped, at this moment in time. Some people want specifics. I guess they will be provided at the appropriate time.

[robjm66] 18/5/2021 08:41

Re 12782 Pensionplanner the difference here is Ethiopia still trying to get mining industry established and kefi is a pioneer (first cab of the rank) and has practically been a spokesperson for Ethiopian mining and will hopefully have a massive impact as a revenue generator. Think in these circumstances it would be a wrong move to warn Kefi if that’s what actually happened with the project nearly over the line.

[pensionplanner] 18/5/2021 08:39

Rich: who is post 12789 addressed to?

At present we've had one or two negative announcements on the possibility of Kefi losing its license, we've had a rather unconvincing RNS from Kefi about that POSSIBILITY (emphasis on possibility rather than fact that Kefi could lose the license for TK.

But this happens all the time in AIM and in mining sector especially, but its why the potential rewards are so great, allied to the potential risks.

I'm holding. I knew the potential for resource stocks to lose licenses and you take that into consideration when investing.

Sadly I wish I'd bought a load more Altyn though. Similar market cap., but they produce decent quantities of gold.

Still of the opinion resource stocks are better than fiat paper money but I go out of my way to spread it around mindful of the risks.

[1deedee] 18/5/2021 08:38

Last week, formal meetings of the TKGM shareholders, board of directors and Project task force
(comprising senior representatives of TKGM and all involving Ethiopian Government agencies) were
held which agreed the tasks and timetable for development of the Company’s Tulu Kapi gold project
(“Tulu Kapi” or the “Project”;) to commence in the coming months

Why on earth would this meeting take place if the project was to fail, senior people from Ethiopian government were at the meeting that's good enough for me

[rich1e] 18/5/2021 08:24

Are you trying to convince me or yourselves what you should be doing. From what you're saying it sounds obvious to me. But I can help you no further

[pensionplanner] 18/5/2021 08:18

Rich1e: if there is a cop out over this lease, I would not be surprised for production timescale clause to be cited, and where unless there was funding obviously no production target deadline could be reached....and of course judging by Harry's RNS's and comments, they are the party failing on that score.

One thing you can be sure of is the City will know before we do!

At one stage countries could do what they liked with impunity, but in the last ten years that's changed and there have been cases of companies IMPOUNDING sovereign owned assets at international airports to recover monies through being deprived of licenses.

its hard enough finding decent gold, copper, silver etc. deposits, but even harder keeping hold of them!

[rich1e] 18/5/2021 08:18

Fortunately whoevers conducting the business at 2p is keeping the share price relatively stable. Have a good day all

[fairvalue] 18/5/2021 08:17

@PP yes, good point.

[rich1e] 18/5/2021 08:16

I'm disappointed we've not had the snippets of funding news.

[pensionplanner] 18/5/2021 08:16

fair: With respect the difference is this time Kefi is cited? Last time Kefi wasn't in the list you post?

[pensionplanner] 18/5/2021 08:13

Sadly these sort of games are part and parcel of resource investing. It happens. Usually in the company reports there is mention of uncertainties that can affect the company and usually that includes leases and mineral rights etc.

Surprised to some extent that some do not seem to realise these pitfalls (excuse the pun) in resource investing.

Rob: Two parts of your post 'might' and 'obvious'. There is no obvious until there is a resolution, and right is often not might, but might often wins.

It doesn't upset foreign investment as inevitably as a lease may be rescinded someone with usually deeper pockets is waiting to step in.

There was a major case about such an event that I can't seem to find, where a little company suddenly had its license rescinded and handed straight away to a bigger player.

Harry may have walked into a bit of a trap though, if in any licensing there is a deadline for start of production.

Still nothing to suggest this lease HAS been rescinded though, it 'may' be part of the negotiations.

These days though its often China based capital that persuades Africa.

[pensionplanner] 18/5/2021 07:54

Rich: one common cop out is that these sovereign nations see massive potential and then another big company or sovereign nation backed organisation want to take over, so a common cop out in all of the agreements is a deadline for production.

However, when that sovereign nation is party to the financing, or party to the agreement of course they can ensure delays and that can be enough for them to cite the clause on production and termination of lease.

TK looks to be a good asset, hopefully we will keep it, but Harry has been extremely naive in my opinion.

All the comments I've seen about him being best buddies with Ethiopian Government? We will see.

[mlangton1] 18/5/2021 07:51

Madness eh Jaylett? When it was first mooted we were buying TK I thought it would be a distraction from Saudi, plus giving the useless HAA more than one ball to juggle with would prove disastrous. We’d already wandered in and out of more than one country without getting anything off the ground and Ethiopia could prove one more on the list. Of course TK was a bargain that just couldn’t be missed according to many, but you’ve gotta be suspicious of someone selling a “priceless asset” for buttons. So here we sit, years later, 2 billion plus shares and another fundraising coming up. I’d wondered if Ace might get it away at just under 2p but what price now with this threat hanging over us. The faith some folk have in HAA is ludicrous. KEFI is a company with amazing potential but so poorly run. GLA as ever

[sussexlibran1] 18/5/2021 07:44

@jaylett - I agree. If this was malicious and I was Harry, I'd have gotten urgent clarification from the EG that it was an error, then issued an RNS to calm investors. Alarm bells the size of Big Ben, me thinks!

[jaylett] 18/5/2021 07:43

Not going to get into an argument as I've sold (so will no doubt shortly be accused of wanting to get back in lower), but I think you are seeing the best possible outcome rather than the most obvious one.

I will go back to lurking now. Best of luck with it, genuinely.