Kefi Gold And Copper Share Discussion Threads

[amanitaangelicus] 01/10/2021 11:38

What.s TW saying re Kefi now? Is he eating his trousers? In the mire.

[topicel] 01/10/2021 11:23

Goatie - the share price can only improve with funding. Hawiah is probably irrelevant now without that as you must understand. So his bonus is still dependent on that too.

Sadly, you must also know that 25% is not a good rate. It is probably because he has no options too with proper financial outlets. Furthermore, when/if the security issues are resolved the company will still have billions of shares and Harry has shown he can consolidate when that is the case, as big players don't like huge share issues.

Deep down, even you must have come round to the fact this is last chance saloon time for any possibility of a profit here unless we get funding by end November. Hence why HAA needs to spell out by RNS what is/are the concerns, what has been actively done to resolve these problems - name names/departments etc. - and do so next week.

Tie it all in to a walkaway date of, say, 20th November? Tell all involved Kefi have done all they can and if the Ethiopians think they can do any better, set up a syndicate elsewhere after all this debacle, then let them try. We're going to Saudi, using another 4% of that to raise plenty for that specific venture and wave goodbye.

He should have done it long ago when ANS were playing hard (no?) ball...but has he got the guts and does he even want to? As you also know, on such a good salary, his pension pot is fine in retirement in Cyprus. Not a mutli-millionaire but still a very comfortable well-nourished Aussie future...

Topicel

[goatherd] 01/10/2021 11:11

Surely it is at least possible (or even probable) that RAB will extend the loan, to prevent dilution of their own stake?

For an ultra short term loan (such as it was; about two months was envisaged) 25% is not that unreasonable. It is also well worth paying to extend a bit, even at the same rate. Almost anything to prevent further dilution at these prices.

Incidentally the share price has to improve rather a lot for Harry to get his year end bonus.

[cutandpolished61] 01/10/2021 11:08

chopper, hi will prey for some spectacular results from saudi and hope the share price will go back to 1.5 before going to the market

[sicilian_kan] 01/10/2021 11:04

Even at these prices, anyone holding must surely be doing so knowing they are going to get another kicking in the forthcoming placing that must occur, see chopper above. Personally, I do not know why anyone is holding here.

[katsy] 01/10/2021 11:00

Scotland is now close to being like North Korea with Nick the Sturge in charge.

[sthelensrlfc] 01/10/2021 10:54

@taxlosstone - pmsl re: Scotland as a hostile jurisdiction

[theaviator] 01/10/2021 10:32

Like a falling knife as suspected.

[rich1e] 01/10/2021 10:12

The big question for me is where Kefi stand with the TK license at the end of the month

[sweetwaters] 01/10/2021 10:06

Now that is a quality idea Jayboy.

That is a test of Harry and John, get their snouts out of the trough for the benefit of the project and ult8nayely themselves. They just saw an opportunity to enrich themselves further, they figured Kefi needs them and had no option to agree.

Local stakeholders are playing the same tune. Talk about leading by example,

Harry AND John have built this deal, they may yet pull it off but they look hopelessly naive after this many years and at this juncture. If they don't get the deal done RAB will probably have control of the company and Harry and John will be gone anyway one would expect.

[jayboy4] 01/10/2021 09:51

Maybe harry and the other director should forgo their 500K each closure bonus and use the money to sweeten the deal for the local investors. He’ll still make loads money on his shares and any options he has.

[fairvalue] 01/10/2021 09:30

Not sure what’s more pathetic, HAA’s leadership or my inability to close at a major loss.

[deanroberthunt] 01/10/2021 09:25

Resource was proved up 12 years ago...

[deanroberthunt] 01/10/2021 09:18

Lifestyle company, period.

[katsy] 01/10/2021 09:14

There is no problem, Harry is still getting his pay and consultation money. This time next year, you'll all still be waiting for the deal to be signed. LTI's will be telling many, that the moment the deal is signed this will be 1p in an instant from .3p.

[topicel] 01/10/2021 09:07

Donegal1997 - I too have long wondered what Harry really does.

If he's going to meetings a lot, they remind me of the type I used to attend too much, you know, the ones where much is said skirting around the subject, minutes are taken and circulated later, many sandwiches (or better) are scoffed along with plenty of tea (or better!) and biscuits/snacks.

And nowt is ever decided or determined.

A new one is scheduled and so on; a bit like his webinars. Why has he moved the current one to 13th October? Because he doesn't want to be having one as the timetable would suggest around end November. Unionhall seems to have explained that to me with the loan maturing then...

Btw, thanks for that intervention Union. Your sell at 1.8-1.9p (my estimate based on your post) was inspired. I wish, as do most no doubt (save Goatie possibly who is away with the fairies and seems to like watching this go down with not a care), that I had done similar.

If Harry does not update and explain to the market what others (and he himself) are actively doing to bring this latest impasse to a swift conclusion then he is in total dereliction of duty. The market is telling him to twist and bust rather than keep holding.

Enough is enough. Tell us, as we should be told, what exactly is the problem and who is dealing with it. Vague is only losing us faith and trust.

Topicel

[rich1e] 01/10/2021 08:44

Aside from all the random figures for a placing that crop up here, and goodness knows what else, it does detract from what we know is a genuine issue, the status of the mining licence after the end of October

[donegal1997] 01/10/2021 08:40

I'd love to know what Harry has been doing in the past month or so on a day to day basis. Very little or no progress it would seem.

[robjm66] 01/10/2021 08:06

Good timing for mining minister just before the ministerial jobs are given out wonder if we will have the same mining minister next week?

[robjm66] 01/10/2021 07:46

hxxps://www.fanabc.com/english/amp/ethiopia-grants-mineral-production-licenses-to-six-companies/