Kefi Gold And Copper Share Discussion Threads

[donegal1997] 29/6/2021 18:02

Can anyone explain the delayed trades in the last 2 days? They are no bigger than some of trades that went through during the day.

[fairvalue] 29/6/2021 17:46

AGMs are always remarkably underwhelming and boring things.

Unless you're Morrisons...

[jlwilliams] 29/6/2021 16:57

Thanks goatherd, yes, i remember being all excited last year... for nothing. lol.

[goatherd] 29/6/2021 16:11

I hope there are no misconceptions about the AGM.

No new news can be given at the AGM - they must issue an RNS in the morning, or, at latest at the start of the AGM, if they are going to say anything significant and new.

This is, obviously, to prevent attendees getting an unfair advantage.

[donegal1997] 29/6/2021 14:49

Price of gold taking a bit of a hammering today

[charles clore] 29/6/2021 13:18

If Harry resigns I imagine the share price could take a plunge. He is earning a good wedge here so he will try and stick it out, presumably.

[belfastboyo] 29/6/2021 12:25

just watched a really interesting interview on al jazzera re ethiopia..clearly lots going on as always. Seems like getting the election over the line and Abiy and his PP party getting a "mandate" victory is a key hurdle (although admittedly not from all areas esp. Tigray) will be a very important step forward. Always, very difficult for someone looking in to determine what is going on in an ethnically diverse country...ceasefire in Tigray is good...I'm guess getting people back to the table to discuss any differences should also be beneficial, if that is doable? certainly peace and security should be the Number 1 priority...as external and internal investment environments much prefer it to "instability"....hopefully, Central Bank signs off finance deal shortly and we can move ahead asap....will be interesting too to see what AGM brings any more news of interest...patience required as always I'm afraid but Harry does need to either deliver the goods as promised or just resign if he can't...imho DYOR

[delta0091] 29/6/2021 12:17

Tigray's TPLF rebels have effectively won... watch the region secede. You can see why Abiy signed a peace treaty with Eritrea (once part of Etiopia that fought for independence for decades).... he had plans to wipe out TPLF in Tigray and so needed them onside and their assistance - his hair-brained idea blew up big time. Abiy was part of the same TPLF during the ruthless reign of Ethiopia before it became democratic.... he was an "intelligence officer" in the TPLF ... where 100s of 1000s were tortured, jailed or killed. Other ethnic regions must be looking at what happened and having ideas of their own. Abiy's totally foolish venture has backfired, instead of leaving Tigray as it was, semi-autonomous, he instead wanted wipe out TPLF so there wouldn't be any idea of total autonomy. Well the TPLF in effect have total control, and Abiy will be praying other regions dominated by a majority ethnic class don't see Tigray a model to independence.

[donegal1997] 29/6/2021 11:14

I had a good laugh at this Katsy, but the EG will have stripped Harry of the mining license by then.

[katsy] 29/6/2021 11:11

End of July, it's all done and dusted, but first all the players will have a holiday and will be back in September to go over the details again before agreeing to meet the government in October to best decide how to complete the deal. If all things are correct then they need to get approval from Claus Swhab at the WEF in December. Then they will finally agree to finalise after the Orthodox Christmas in Jan 2022. The Final finalised signing ceremony will then take place in front of the world media in March but not before a final approval by locals which can only happen after the alignment of the moon and Saturn which is sometime in May. Harry is quoted as saying whatever happens the moon will align with Saturn and is very confident construction will be well underway after all the key workers have enjoyed the Qatar world cup in December 2022.

[donegal1997] 29/6/2021 11:09

Added a few more. Will all the directors be in London tomorrow?

[donegal1997] 29/6/2021 10:55

It's moving on minimal volume, I was suspecting some massive sells but they are only slightly higher than buys today. Strange market.

[deanroberthunt] 29/6/2021 10:40

by Xmas, they discovered this resource 13 years ago!

[shortarm] 29/6/2021 10:33

Big smackdown there....!?

[digger2779] 29/6/2021 10:19

I forgot the Annual Gluttony Meeting is tomorrow. The trough is fully loaded with "deserving" bonuses and we shall be richly rewarded. By "we" I mean Harry and his long suffering directors.
It's in their interests to get this over the line by Xmas is it?

[donegal1997] 29/6/2021 10:03

It will be interesting to see what comes from the AGM tomorrow. Hopefully we will have had some update from the Ethiopian central bank on the submitted finance plan.

[estseon] 29/6/2021 09:50

I confidently predict that the initial reaction amongst the LTHs to news of signing will be disbelief.

There will be a minor ripple through the space-time continuum when "next month" finally becomes "this month" and time catches up with itself and heals the rent in that continuum.

[robjm66] 29/6/2021 08:32

I AM expecting news within the next two weeks... does that push it up to number three?

[taxlosstone] 29/6/2021 08:29

For all of you chartists :-) out there,I've been compiling a top 10 chart of posts here since we have been waiting for the finance deal to be completed. In reverse order:

10 IHWT (falling rapidly)
9 It only needs rubber stamping
8 This time next year, Rodney
7 He earns how much?
6 Can't believe we can still buy below 2p
5 Yippee! Lights are still on
4 I am expecting news in the next two weeks
3 Oh look, an even better deal
2 It is not Harry's fault that .....
1 If it hasn't been announced then it can't have happened because of AIM rules

;-)

[robjm66] 28/6/2021 21:57

hxxps://apnews.com/article/ethiopia-tigray-cease-fire-2745f0941cafcfa8fbe4c9f945f0925d

hxxps://www.aljazeera.com/news/2021/6/28/ethiopian-government-agrees-immediate-ceasefire-in-tigray

Well ceasefire could help Kefi as government looks for a good news story and international investors are not put off by events there. Long term Kefi will have to keep on the good side of the region as well as the government.

[donegal1997] 28/6/2021 18:46

Those 2 delayed trades are quite substantial by Kefi's low volume standards. I think they are buys as well.

[robjm66] 28/6/2021 18:12

Think whether your optimistic or pessimistic Shortarm practically everything had been said it and the ball is in the Ethiopians court now.I would expect we will know how the land lies within the next two weeks so enjoy the quiet.

“KEFI, through its subsidiary Tulu Kapi Gold Mines Share Company (“TKGM”), has presented its Project finance syndicate and submitted its Project finance plan to the Ethiopian central bank (“National Bank of Ethiopia”, or “NBE”) for permission that it may proceed as outlined. This follows a long, thorough and rigorous due diligence process by the Senior Lenders.
Whilst the NBE conducts its review, the other outstanding administrative details are being progressed with the various Ethiopian Government agencies including, the Ministry of Mines and Petroleum (“MOMP”), Ministry of Finance, Ethiopian Roads Authority and Ethiopian Electricity Power Corporation.”