Kefi Gold And Copper Share Discussion Threads

[cutandpolished61] 03/9/2021 09:36

imo this has past V1 and must take off. Hence the extension. Already too much commitment delivered from everyone involved. EG needs the money and good investment PR.

[theaviator] 03/9/2021 09:33

It's a very complicated agreement on non binding terms sheet. Perhaps they don't like the 65% bit..

[scrappycat] 03/9/2021 09:23

Theaviator

So you think the EG are wasting their money too. I doubt that, given the EG's desperate need for dollars.

[theaviator] 03/9/2021 09:10

Yeah AST also did that too. Same kind of targets. Amazing the parallels...

[theaviator] 03/9/2021 09:10

Yep, couldnt write it. Ok enough of my cynicism.. just been around. AMC.... History sometimes repeats....

[christopher logsdon] 03/9/2021 09:09

Harry wants his payday so will be top slicing at 3,4, and 5p fingers crossed.

[rich1e] 03/9/2021 09:02

So they're spending money employing people in order to raise money, and in their haste to do so they overlooked the fundamental part, of actually telling people that they were employing people, which they needed to do in order to raise money... what! Or maybe there's a job to be done in the near future

[theaviator] 03/9/2021 08:54

They pick these jurisdictions for the very reason.. it's more often than not the naieve punters that keep the lights on. Profound.

[scrappycat] 03/9/2021 08:51

If AIM companies keep the lights on, there is hope. The converse is obviously true. As a holder of Kefi , I know which I prefer!!!!!

[theaviator] 03/9/2021 08:41

It's funny because AST did exactly the same thing re job advert when they were faffing around for their IPPC permit. I wouldn't use this as a confirmation tool. Remember the whole idea of aim companies is to raise money and keeping the lights in as long as possible. Sadly

[rich1e] 03/9/2021 07:06

Besides, whoever has subbed them some money until TK finance is completed, there are the job adverts. In my view you wouldn’t advertise, interview, employ, or however far down the line its progressed so far, just to lay them all off again. Some will say it’s Harry so maybe you would. But I can’t see it.

Either way not long to wait now. We’ve not seen it to date, because nothing company changing has happened to date, but if TK funding is happening, I’m expecting to see a noticeable, if not significant, increase in volumes and activity. I commented yesterday about the share price moving swiftly within a range, I could see no real reason for it other than maybe trying to create liquidity. Have a good day, and indeed weekend all

[topicel] 02/9/2021 21:57

Lol indeed TA, there are plenty of amateurs on here too then, me included.

But at least I'm not deluded (or taking the Harry penny)...

What chance do you give this ever getting TK underway like he promised, decisively it would be by the start of May? It was 50-50 for me all along but with the 63/37 split I'm inclined to raise it to that percentage.

Our problem is, when? It was never going to be before December in my book once he said that date and set the bonuses tied to end 2021. I just don't think he has any control or influence because the canny Ethiopians know we are running out of dosh.

I don't think I've ever been involved with such a gloomy and depressing share for total failure to capture the market's imagination. Usually something allows a run up of significance. And that is with Harry being well thought of, can you imagine if the mining investment community didn't reckon him?!

Half joking, I think ;)

Topicel

[theaviator] 02/9/2021 21:38

It's a tough one. Pros will tell you never add to a losing position... I sometimes add so am clearly not a ... LOL

[sportboyslima] 02/9/2021 21:07

In at about 1.9p. Trying to decide if risk of war impacting funding finally pushes this into the too risky basket. The other risks I could take. Interested on other views.

[topicel] 02/9/2021 20:45

Have you forgotten the last time 'high net worth individuals' kept the lights on?

It wasn't cheap in the end and we still needed to raise.

They ain't doing it out of the goodness of the hearts, they have a big slice set aside when it comes to the 500m, or whatever, that will be issued. Then they sell down and keep the price from running away until the consolidation.

However this is being played it is not good for the average PIs unless this concludes within this quarter. If you milk this thing long enough...

Topicel

[exiledweegie] 02/9/2021 19:39

I agree, and topped up my holding up by another 20% today. As someone who initially got in last summer at 0.99p, I've been gradually averaging up over time although I do regret adding a big chunk at 2p back in March. Oh well, I'm around breakeven and a lot luckier than a lot of LTH, but I'm happy with the balance of risk and potential reward here.

[rich1e] 02/9/2021 19:25

Cheers for that exiledweegie, the webinar. It suggests that that particular group of shareholders, expect it to get across the line. That can’t be seen as anything other than a vote of confidence, by those well placed to evaluate the risks.

[exiledweegie] 02/9/2021 19:11

Rich1e, he said that some shareholders are covering running costs for now and will do so until TK gets across the line, because they don't want Kefi to go back to the equity markets and dilute when we're so undervalued. Was in the webinar.

[rich1e] 02/9/2021 19:06

I’ve been having a look through the recent RNS’s, with no success, looking for some details regarding funding at Kefi level. I know some were expecting Kefi to go to the markets as early as May, and now in September nothing so far, thankfully. I can’t help but feel we’ve been given some details on how they’re getting by, but can’t find it. It would look to be a vote of confidence from somewhere. If someone can tell me where I might find the details, cheers.

[rich1e] 02/9/2021 14:36

The share price hasn't really moved over the last week, yet one moment it's 1.65 the next it's 1.5, then 1.6. As the song goes, 'a whole lotta shakin goin on'

[robjm66] 02/9/2021 14:26

TPLF are far away but only needs one person to do a bit of sabotage.

As for bonuses harry needs to get TK over the line and the first 20 million before a set date to get it. Said in the webinar that directors are holding off taking wages as they think this will get over the line and no cash raising due to shareholders providing lending facilities because they also expect this to get over the line as do the 63 percent and likely the 37 percent after some extra work.

Share price is down over "transaction fatigue" as Harry called it and security concerns which are likely to abate as the Rebels are rolled back into Tigray then the government will be able to free up troops for internal security.

[topicel] 02/9/2021 13:58

Was that a discounted purchase? Was that as part of an issue?

Wouldn't it be kind of weird if he didn't do so? Instead he tried to get bonuses to pay for it all and, thank goodness, was thwarted.

There is no logic in your statements about the worth of his investment. Why is he not revealing what his consultancy fees are all about? Riddle me that, lol.

We are at substantial lows as I type and have clear issues about getting the 37% who are not happy to sign something, anything, that will even agree to agree.

And now the TPLF are going to wander down 1,000km to destroy our power supply lines - if they are being built, ahem - and yet we are told that the trouble is so far away it is of no concern. It is utter nonsense, and it is up there with the presentation comment that "due diligence is essentially finished and syndicate plans to meet Government in October to ensure Project readiness".

What waffle. Either DD is finished (Ausdrill's replacement for one must still be working on it as I forecast) or it isn't. Is the meeting a plan or just a hope? And is it just to ensure readiness rather than actually do something like agree to the Project?

Weasel words I believe it can be referred to. Presentation number 43, and where has it got us? Who pays for it all? 1.3p soon again at this rate, four years after you told us Goatie it was a wise buy at that price...

Topicel