Kefi Gold And Copper Share Discussion Threads

[pensionplanner] 24/5/2021 08:38

The problem is what are you actually buying. Worse than a gold Comex deal, without the paper.

These cryptocurrencies or really virtual currencies are worse than sovereign fiat capital, and will in the medium to long term disappear in a tulip mania type event, but where at least with tulip mania you had a bulb!

Even the blockchain is no guarantee for the future with quantum computing, and its very likely the concept will be usurped by sovereign nations who will also legislate against existing cryptocurrencies to enforce population buying effectively another fiat currency on line.

We are seeing that already with China and Western governments following suit, as they like the idea of a currency out of nothing, as the West and in particularly the dollar has been doing it for years, hence the attacks on gold and silver price and now the emerging attacks on non sovereign crypto currencies that may challenge governments.

More and more regulation is likely to emerge throughout the world, as governments decide that cryptocurrency is so bad that only they should be allowed to use it and regulate it!

If you've done well on Bitcoin or the like, well done, but its more akin to crypto musical chairs with eventually many people being left with no value.

[theaviator] 23/5/2021 20:08

Hahaha I'll be buying your "finished" all day and night

[tivoliworldgaming] 23/5/2021 18:55

Bitcoin is finished in my opinion. That combined with the Covid and inflation will give KEFI and MTL a huge rerating. As gold is now in a massive bull run cycle.

[1deedee] 23/5/2021 15:04

0 points for Eurovision Song Contest England you've got to laugh, we come out of Europe we got the first vaccinations I think Europe is a little bitter, personally I think it's going to be an interesting week

[belfastboyo] 23/5/2021 14:28

From your lips to gods ears Rio...as we are both long term and large holders & many more are LTIs here also....then it would be great if we were finally vindicated with this investment after 10 years of waiting in my case anyway....certainly I agree with your short term forecasts in the event TKGM funding is finalised...thereafter I think much depends on gold/PGM prices but I fully expect these to blast to new highs very soon

[robjm66] 23/5/2021 00:30

Well better bet than a uk entry to the Eurovision song contest RichJJ.

[richjj] 22/5/2021 23:29

Rob thanks.

This confirms Ethiopia as a good place to do business be it an emerging market not without risk . Kefi I believe appears to be well placed to be part of that progression.

...here’s hoping anyway.

[robjm66] 22/5/2021 22:30

hxxps://www.aljazeera.com/news/2021/5/22/ethiopia-awards-telecom-licence-to-safaricom-led-consortium

“This will be the single largest FDI [Foreign Direct Investment] into Ethiopia to date,”

[theaviator] 22/5/2021 15:05

Would break me if you didn't buy one at 10k Rob lol You aren't quite ready for Saga holidays yet then after all hahaGood banter. Enjoy your weekend.

[robjm66] 22/5/2021 14:46

Aviator I am slightly younger than the baby boomer generation so do not have to thank me for anything lol.

I do get it wrong I did expect the wheels to start to come off before now and I have been too pessimistic over the copper price.I might be wrong about Bitcoin as well once it hits 10000 or below. Doubt I would buy in even then then though as I would see it as still risky and would have watch it like a hawk and really actively trade it which is not my investment style. Plus as I get more of an old fart do not need the stress and long term will find it easier to spread my dosh amongst several miners I like in a promising sector.

As for the Chinese think they have much bigger gold holdings than they are letting on. I did read some articles that they had some dry runs with a domestic alternative to Bitcoin seems the Chinese people were not enthusiastic but doubt that will make any difference considering they had to swallow the social credit system.

Think maybe Dent is conflating intelligence with technological ability I still type with one finger or two fingers on a good day probably a holdover from pushing the beads along the rails on the abacus, it does not slow me down, well not much.

[robjm66] 22/5/2021 14:22

Thanks Unionhall lots of detail in the advert notice it’s only open till June the third.Kefi did say they agreed with the government to upgrade the security around the TK site as part of its development.

[unionhall] 22/5/2021 14:14

Perhaps the old one left ?

[unionhall] 22/5/2021 13:55

Courtesy of the LSE site - posted 20th May

hxxps://www.ethiojobs.net/display-job/302962/Security-Risk-Manager.html?searchId=1621687269.214&page=1


Security/Risk Manager
Job by Tulu Kapi Gold Mines Share Company (Job Id: 302962 | 251 Views)
Posted
20
May
Recruiter: Ethiojobs
Category: Development and Project Management, Economics, Social Sciences and Community Location: Gimbi & Tulu Kapi Mine Site & Addis Ababa Career Level: Managerial Level (Manager, Supervisor, Director) Employment Type: Full time

[robjm66] 22/5/2021 13:18

From lse board today (not pre war) Ethiopian herald have resisted the temptation to just spam the board by posting up nearly every word.



“New large-scale gold and silver mining and processing companies such as KEFI Minerals have been granted licenses for exploration, development, and production plant. KEFI acquired concession in the western region of Ethiopia in April 2015 and planned to install a gold processing plant with a capacity of 1.5-1.7 million tons of gold ore and produce up to 115,000 ounces (3,565kg) of gold per year. Additional four companies have been engaged in primary gold exploration and at least two of them are expected to start production in the near future.”

“The government approved last December a 10-year economic plan, aimed at boosting the amount of foreign-exchange earned through export and import substitution of minerals from 265 million USD currently to 17 billion USD by 2030.”

[robjm66] 22/5/2021 13:09

Delta the simple fact is you were being inaccurate if I am being charitable out right lying if am being not.

I actually went on google clicked on tools then month option. After that looked at Ethiopia current and predicted growth and put the uk one in for contrast, the article about France and Ethiopia turned up on my usual 24 hour Ethiopia search the Saudi one on my searches on Saudi.

“Yeh like searching for articles that were bigging up the country before the war..”

Now if I wanted to effect the Kefi share price would be more easy to short it then selectively pick pieces out, then spam the kefi board.

Mind you I would be taking the chance that good news might drop Monday so I would be sweating a bit.

[1deedee] 22/5/2021 13:00

thCurrently, there is only one large scale gold mining company, Midroc Legedembi Gold Mine, which is privatized from government ownership in 1997 operates an open pit mining in Ethiopia. Midroc Gold Mine produces 3.5 -4 tons per annum and exports in Dore form. Midroc Gold is also licensed with two gold exploration projects located near the mine (Adola-Legadembi Exploration License -ALEL), and in another area some 600km northwest of the capital Addis Ababa (Metekel Exploration License -MEL). The company is to enter into the extraction phase in Metekel in the near future.
New large-scale gold and silver mining and processing companies such as KEFI Minerals have been granted licenses for exploration, development, and production plant. KEFI acquired concession in the western region of Ethiopia in April 2015 and planned to install a gold processing plant with a capacity of 1.5-1.7 million tons of gold ore and produce up to 115,000 ounces (3,565kg) of gold per year. Additional four companies have been engaged in primary gold exploration and at least two of them are expected to start production in the near future.
The Ethiopian government is also engaging with more FDIs in gold exploration and extraction, such as mining giant Newmont Mining Corporation that has shown interest in gold exploration and extraction projects in the Tigray Regional State. The U.S. Geological Survey, in its January 2016 updated Minerals Yearbook, showed that Ethiopia's role in the world's production of tantalum has increased and the country's share of global tantalum production amounted to about 1 percent in 2013. was posted today by allafrica newsnet

[delta0091] 22/5/2021 12:38

"More incentive to get TK up and running, less dependence on external finance"


poor richie.. the naivety... if a country gets sanctioned.... all companies associated with that country's business get sanctioned too. that's the whole point of it.

[howling] 22/5/2021 12:35

.
Copper in the name...
.
An analysis of significant copper discoveries between 1990 and 2020 shows that of the 229 deposits discovered in the period, only three were found in the past three years
.
I'll get my shovel and help out.
.

[rich1e] 22/5/2021 12:34

More incentive to get TK up and running, less dependence on external finance

[delta0091] 22/5/2021 12:25

"Delta the month from was now back so your theory does not really hold up as I looked at a period when the country suffered from locusts covid and conflict probably the worst period to look at."


wtf are you on about ? I am talking about an article, which is current whereby US is upping it's actions against the Ethiopian government... begining with diplomatic sanctions ... do you think they will stop there if the government doesn't buckle up ?