Kefi Gold And Copper Share Discussion Threads

[rich1e] 23/8/2021 13:05

Sorry you're out Katsy, hopefully good news for us holders soon and we will see you back

[katsy] 23/8/2021 13:00

Have you not noticed yet, it's always been just another two months or weeks.

[pennstreet] 23/8/2021 12:56

Why sell up now after waiting for so long? It's never had a better narrative, give it a couple months

[katsy] 23/8/2021 12:50

Robjm99 I'm now 95% sure there will never be any funding deal for TK, I'm almost certain there is no mine there, it's a fraud. Speaking to many Ethiopians who have all drawn a blank when investigating this area. I'm now fully out at a loss however I wish you all good luck. Remember to keep checking the weather forecast as that seems just as important as any RNS.

There's a saying, if something doesn't feel right, then it's wrong.

[theaviator] 23/8/2021 12:47

Why not show the letters and documentstion then Rob?

[robjm66] 23/8/2021 12:44

“have signed letters of intent and produced all-but agreed final forms of detailed documentation for execution at financial completion.” Harry said to TW people are working through the paperwork Aviator hopefully harry will do one of his quarterly updates soon or before October anyway to fill in some of the gaps over what the state of play is.

[robjm66] 23/8/2021 12:41

hxxps://www.morningstar.co.uk/uk/news/AN_1629714875011874400/kefi-to-develop-ethiopian-mine-using-usd356-million-funding-package-.aspx

[theaviator] 23/8/2021 12:37

Kind of important eh Rob. Anyone seen the documentation???

[robjm66] 23/8/2021 12:37

It’s not a case of either or more than one mining project can be invested in, personally though would not invest in any South African mining project

hxxps://sawahpress.com/en/videos/south-africas-descent-into-chaos/

hxxps://www.spglobal.com/platts/en/market-insights/latest-news/metals/071521-south-africa-rioting-triggers-mining-industry-disruption



Actually have some South African neighbours nice family think they got out as whole country going down the drain.

[theaviator] 23/8/2021 12:32

"produced all but agreed final forms....." Lol

[theaviator] 23/8/2021 12:29

Exactly my point... "Smoke and mirrors"

[theaviator] 23/8/2021 12:22

If they truly wanted the gold out it would be funded instantly believe me. They have other fish to fry remember, with one example being the 550,000 kg gold reserve at Dawa Okote, worth almost $US 5 billion. What would you do if in gov? Go for the larger or smaller? The reserves in Ethiopia not far off S Africa...

[robjm66] 23/8/2021 12:15

Unionhall “Advanced conditional approvals, which have already been received, account for c.63% of the US$356 million” 131 million left..banks senior lenders providing 140 million so likely both those banks are in anyway you cut it though Kefi have conditional approval for nearly two thirds.

Would say the government is in whether they have written it up as yet or not as why else would Kefi percentage change. Off taker in hence increased amount of funding and wanting someone on the board.

“Local Subsidiary of International Group: this organisation has a long-standing presence in Ethiopia and sees this is an opportunity to reinvest accumulated local profits into an important new sector for the country” has trouble in repatriation of profits so likely in what have they got to lose.

If I was going to guess who has not totally not confirmed yet would guess the mining contractors who cannot really sign up to everyone else does but certainly not going to turn down business “In respect of on-site works, the principal on-site contractors, Lycopodium Limited and Corica Mining Services Share Company….have signed letters of intent and produced all-but agreed final forms of detailed documentation for execution at financial completion.”

More of a case of reading between the lines with Kefi than smoke and mirrors.

[rich1e] 23/8/2021 12:10

No Kev, when that comes it'll be 4p on the open

[pennstreet] 23/8/2021 12:10

Still not signed off Kev

[cool hand kev] 23/8/2021 12:06

Is this the funding news that was going to send the share price to 4p?

[katsy] 23/8/2021 12:04

Another RNS that only confirmed They have agreed NOTING with all parties and the weather forecast will also be a deciding factor. I expect the 29th Oct to come and go with no news. This guy has got away with it for years and years, why would he change strategy when that strategy is obviously working. Even I can pretend I have a billion dollar gold mine in out Mongolia which is just waiting on funding.

[zxie] 23/8/2021 11:47

Could be Fall down 1p soon

[theaviator] 23/8/2021 11:31

Yep smoke and mirrors here mate.

[unionhall] 23/8/2021 11:29

They have not even got conditional approvals from 37% (US$131m) of the "proposed" funding sources.
And no guaranteed funding, apart from government whose investment will aid whoever eventually opens the mine.

After five + years of "negotiations".

They are as far away as ever.



"Advanced conditional approvals, which have already been received, account for c.63% of the US$356 million aggregated funding sources and the remaining c.37% (c.US$131 million) is expected to come from existing identified parties working alongside those who have already resolved their conditional approval..."

[digger2779] 23/8/2021 11:20

People are selling because they reckon they can buy in cheaper. Harry has given yet another so called "date" to aim for and probably to disappoint. Until then, even Saudi news wont have much effect. Until the "actual" and not virtual TK money drops we cant fund a round of drinks in the last chance saloon.

[scars] 23/8/2021 11:14

rumour has it it's October!!!

[goatherd] 23/8/2021 11:10

I think we are seeing the "buy on rumour, sell on news" people selling at the moment.

[mick1909] 23/8/2021 10:49

Harry should issue a saudi RNS just keep the ball moving a double up in resource would be nice