Kefi Gold And Copper Share Discussion Threads

[jlwilliams] 18/5/2021 13:03

makka, please could you follow the link to the statement and post the actual web link here?

[robjm66] 18/5/2021 13:01

“Kefi was in the Ministry yesterday and that no actual letter has been drafted. Sent or received.”

[belfastboyo] 18/5/2021 13:01

And do you really think that financing of a $300m USD project from 2 respected and large African banks, an International outtake financier, the EG government and regional gov & Kefi shareholders would be fully and legally signed off "without" clarity on licenses...get real dude

[kadvfn1] 18/5/2021 12:51

Anyone able to share the share prophets article please

[mustafa15a] 18/5/2021 12:30

Yep, out with the weak blood and the pensions who can't hold anymore....this is young money haha just topped up!!!

[robjm66] 18/5/2021 12:27

hxxps://www.shareprophets.com/views/55762/breaking-kefi-new-update-from-ethiopia Full article on the lse kefi site he is still posative.

[shortarm] 18/5/2021 12:26

Neither - I've just sold a few million

[katsy] 18/5/2021 12:25

Looks like either the market has decided this is too risky or harry has started another fund raise maybe at 1.5p

[rich1e] 18/5/2021 11:46

We've bought in to make money. Do we think that Ethiopian investors, despite the government rhetoric, have sat on the sidelines throughout. A potential multibagger is of no interest to them maybe, they can't be directly involved and so they won't be investing through Kefi shares. They know the EG too well, big it up one minute, encourage interest and investment and trash everyone's capitol the next. Hardly a vote winner.

[scrappycat] 18/5/2021 11:33

Since the EG are shareholders in TK/Kefi (covering infrastructure costs), all this seems a bit like cutting off your nose to spite your face. Interesting though.

[scrappycat] 18/5/2021 11:22

Without knowing what the Warning Notice states, it is impossible to make definitive statements about its consequences. In any event, Kefi have yet to receive one, since the receipt of such would surely warrant an RNS. Some folk here, seem to wish to make a mountain over, what might prove to be, a molehill. Those who are that worried should surely sell. Its called the risk/reward ratio!!!

[makka pakka] 18/5/2021 11:09

From MoMP website dated yesterday (via google translate)...Of the 97 inspection licenses issued by the Ministry of Mines and Petroleum, 27 have been terminated and three licenses have been issued. Gold mines have been given special time to work under the contract for tantalum tantalum and tulikapi, and if they do not do so, administrative action will be taken. In the last 10 months, the sector has earned 513.92 million USD from foreign trade.

[pensionplanner] 18/5/2021 11:05

Belfast: with respect financing without firm comment from the Ethiopian Government about the lease will not do much for the share price

I agree with your second post on it, but its dependent on the EG confirming no problems with the lease.

Having the money to pursue a license you no longer hold won't do it.

Need both, and I believe we will get both, its still a question of when.

[riotinted_specs] 18/5/2021 10:46

easy ecause when KEFI deliversthe government can take credit and attribute that success to the pressure they put on TULU KAPI and KEFI

[rich1e] 18/5/2021 10:38

It makes you wonder how many closer to the project, who've spotted an opportunity, stand to get stung if EG were to pull the plug. Not to mention contractors being paid in or encouraged to buy shares.

[belfastboyo] 18/5/2021 10:34

So imho a doubling or trebling could easily occur on a legally binding financial closure RNS...but people must decide on their own risk/reward appetite...I have one have no intention of selling any of my very large holdings until I see the next big RNS and AGM information.

[belfastboyo] 18/5/2021 10:30

With respect PP if (we hope) very, very shortly financing closure is announced then the market will instantly revalue the company's value to reflect this information...TKGM is a $300m USD financing deal...with Kefis share likely to be 75%+...current market cap is c£40m @

[rich1e] 18/5/2021 10:11

PP, you're right. Maybe some will have seen the delays as an opportunity.

[rich1e] 18/5/2021 10:09

Whoever is soaking the shares up at 2p doesn't seem to have been deterred by recent events. But then I suppose that if someone has been buying up stock at 2p for three months they might have a better appreciation of what's playing out.

[katsy] 18/5/2021 10:07

Glenglad, promises from CEO mean nothing, as we all know here.

[pensionplanner] 18/5/2021 10:05

The problem now is even if financed is announced with a cloud hanging over licenses, whether real or just someone being spiteful it will hold Kefi share price back for some time, but that could be an opportunity.

[donegal1997] 18/5/2021 10:02

I think I will walk the dog for a few weeks until we get a concrete RNS. It's pandemonium on here at the minute .

[mjf58] 18/5/2021 09:58

just topped up on the dip before Lodgeview comes on stage and says "its over" :-)