Kefi Gold And Copper Share Discussion Threads

[1airbag] 28/5/2021 13:57

Did Harry ever get the finance sorted in Africa as promised by end of March?

[jon9911] 28/5/2021 13:44

RAB Capital have a person on the board so they should have full knowledge of what is going on.
We should all know where we are in the next 2 weeks.
Either long term holders have been taken for a ride or they are smart investors in a company with a golden future.

[rich1e] 28/5/2021 12:46

And a good weekend to everyone, here's to some good news soon.

[rich1e] 28/5/2021 12:41

All fair points, whu. My point is despite potential issues, it doesn't seem that the wider market, who may well have a clearer view, RAB Capitol etc, are too concerned. Two billion shares, a relatively small amount traded daily, with the share price after recent dilutions sat some way higher than the 0.7p it was spring last year. The market takes in the available information, processes it and produces a share price. And given that the available information has been p!ss poor, then 2p doesn't necessarily set alarm bells ringing. Good luck for the future anyway.

[whu0319] 28/5/2021 12:29

Also, all the Infrastructure EG spend only ADD its auction value when comes to bidding war by the Majors I think !

[whu0319] 28/5/2021 12:18

Rich: I agree it's a huge gamble ! My problem is 1: Harry had bad track record from his last job ,. 2) The media did say it was Final Warning but Harry never admitted, I think the previous warning could be Verbal during the meetings as Kefi claimed they had with EG official last month or so. Otherwise why the EG Official made specific attack on this so called " politically high profile project " that funding stories changes all the time and endless delay again and again ! 3) Why the local money never committed , why? Local should know better as this "$0-10m" is nothing using local currency , why did they jump into it?? 4) The EG official did stressed that those revoked licences will be put for international auction for the highest bidder , why NOT if I was the EG decision maker! 5) Finally Another potencial BIG risk is the military conflict btw Egypt and Ethiopia over the DAM project !! Well, I made decision and cut the big loss, so be it! GLA

[rich1e] 28/5/2021 11:52

whu your concerns might turn out to be founded. But I currently take some reassurance from the fact that 2 billion shares in issue, 3 million traded today, your concerns as yet don't seem to be shared by the wider market. The share price is over double this time last year, and people don't appear to be swarming for the exit, so I'll stay put a while longer. It could be a mistake on my part, but as yet the money seems to be staying put.

[scars] 28/5/2021 11:46

In short it would be good to get some clear guidance. i.e. a clear and concise RNS on the final financing. Exact timescales.... are you listening Harry?

[whu0319] 28/5/2021 11:45

I am out ALL together and wish you all best of Luck ! Honestly !

[whu0319] 28/5/2021 11:42

My Concern is the big problem that EG may have big issue of Kefi's claim of its £60m expenditure that have NO evidence to back it up, neither has Kefi ever had that much money to spend in its entire existence !!! If this is the case, the License will be revoked !!! Also, in history of mining financing, I have had learned an tiny company like Kefi, used all our PI's money can pull this trick off ! Let along US just imposed sanction on EG over its conduct in recent Tigray by NOT give $900M funding to punish EG! So, how come these African Bank can finance the Kefi massive funding requirement? Risk is TOO high!

[rich1e] 28/5/2021 10:05

If/when funding is completed, 10p a share is a distinct possibility. Might be a month, a year, 2 years. I'm just wondering how easy it is for those closer to the action to buy shares on aim. And how such an investment would compare with the returns expected from TK financing?

[unionhall] 28/5/2021 09:43

Harry said in the latest webcast that the EG was pushing for the funding to be progressed.

I really don't think they are standing in the way.


"....which should not be a problem with the resources Kefi has to exploit...."
well it has completely baffled Harry for the last four or five years.

So either Harry is incompetent or raising 250m finance is a big problem.

I think both.....

[scrappycat] 28/5/2021 09:05

It may well be,that Harry is, understandably, very reluctant to bypass the EG in any funding agreement. If this current effort fails, I think he would be left with little choice but to arrange funding elsewhere, which should not be a problem with the resources Kefi has to exploit. We should see shortly. one way or another I suspect.

[unionhall] 28/5/2021 08:53

Disappointing but not surprising. It seems Harry has absolutely no relationship with the potential investors/bankers as he shows no insight into their real plans. Absolutely clueless vis-a-vis finance generation.

[scotty1] 28/5/2021 08:20

"Also it be good if the KEFI thread could be moderated. I do feel for those here that the thread creater is no longer around."

Seems you're wrong tivoli 😜

[taxlosstone] 28/5/2021 08:04

The Q&A page asks that any replies they make to questions be reproduced verbatim.
I hereby produce my questions verbatim that I sent on Wednesday. No reply, as yet.

Can you please advise if there have been any developments regarding the mooted warning from EG since your last response on the Q&A page on 16th May?

Were any shareholders who interpreted previous announcements from the Company that updates throughout May would be given as & when funding deals were completed wrong in this interpretation?

Thank you.

[rich1e] 28/5/2021 07:46

Whilst I've no idea what, if anything, is happening in the background. I do know that mm's will do the business at around the point that the most buyers and sellers coincide. Market making.

[rich1e] 28/5/2021 07:37

I think that the share price is holding out because there's business being done at 2p. Good news or bad the mm's won't have a problem with moving it 30% either way on a couple hundred thousand shares. And yet for months it's found it's way back here. Someone buying in, someone selling out, who knows?

[rich1e] 28/5/2021 07:12

I would suspect that the fellow directors viewpoint has changed since it became clear that the EGs patience isn't limitless.