Kefi Gold And Copper Share Discussion Threads

[cutandpolished61] 03/10/2021 14:08

Harry is on Proactive ONE2ONE virtual investor forum which is taking place on Thursday 7th October from 6:00pm onwards via our online interactive webinar conference.

[digger2779] 03/10/2021 13:30

rob - and how is he going to fund Hawiah if TK fails?

[robjm66] 03/10/2021 13:17

Not that a big a fan of harry and never have been but Kefi share price going to be a multiple of its level just on Hawiah and harry going to have been a big factor in opening up that country to mining.

With Ethiopia he could still pull it off and if he does not more down to factors outside his control than anything else but already seeing other companies taking the chance inspired by Kefi and harry.

You can argue harrys reach exceeds his grasp and his imagination his skills but the criticism he is getting is well overblown.

A lot of the people pilling on are the ones that are desperate for harry and the company to fail or will evaporate with good news or will quite happily change direction by 180 degrees and tell everyone what a genius he is is if he does get TK over the line.

[scrappycat] 03/10/2021 12:39

cybaajak.

I don't disagree with much of what you say, but I wish to bring up one important (imho) point. Harry and his family have large amounts of Kefi shares in their personal pension schemes, as previous RNSs reveal. Not much good to him and his family if it fails to produce the goods

[goatherd] 03/10/2021 12:37

Cybaajak,

I have criticised Harry for his fund raising with "death spiral" companies. But I have to say that it was better than getting no funding; which might have been the alternative.

Harry got no fees for several years when he first joined; since then he has spent ALL his earnings on buying shares (ok, often at concessionary prices - but which of us will buy cheaper than we have to?)

I suspect he has the typical Australian attitude of refusing to use "brown envelope" negotiation, and that may be one of the reasons we have not yet got a result.

RAB, who are a knowledgeable company, have a director on the board, and could probably force Harry' resignation if they thought it would be beneficial to their interests. I don't think (but don't know for sure) that there is any "old boy's" pal relationship there; and even if there was then I think commercial necessity would overrule it.

I think (but don't know for sure) that Harry is well respected in Ethiopia, and Saudi Arabia as well; so it is at least possible that if he was ousted we would lose one or both of those opportunities.

Perhaps we should never have gone into Ethiopia, who can tell? But it did look very good at the time. Then came the civil war and States of Emergency; neither of which can possibly be blamed on Harry.

You said "You supporting this, are enabling his continuation." Good.

[rich1e] 03/10/2021 12:30

It might get suspended, misleading information coupled with irregular trading. Who knows? What’ll happen, will happen. Sun’s out anyway, enjoy your day

[cybaajak] 03/10/2021 12:09

JFC.
@ Goatherd. "everything is still on track for production at the same time as it was months ago".
YOU are deluded. A time extending fantasist. For you to respond, the same way, in the same fashion, to every long, and short, term investors post about this sorry saga is bewilderment. Your grasp on reality has slipped. You must be so heavily invested here that, whatever you post, is grasping at straws.

Things have been OFF TRACK for YEARS. YEARS.

It was the same at EMED, and Kefi is a mirror image of the mans management here.

Before you jump to the BB in defence of your idol (it can only be idolatry) do some in-depth research of the mans history, achievements (or lack thereof) and then rationalise against that, the years you have spent keyboard warrioring his defence you have majored in.

EMED languished in the doldrums for years, depressed share price, diluted beyond any shred of reason, while it encountered delay after delay, long term finance was plagued with indecision on its assets as scheme after scheme was planned, promised then discarded for never arriving 'better' schemes. When Adams resigned, EMED became a different beast and is STILL held back by his blunder years in charge. Even now trying to find out how many shares he walked off with is time heavy reading through 8+ years of awards, share issues, yearly trough feeding awards... And some records are just unavailable. He milked that beast until it was a husk and he has been doing the SAME thing with Kefi since he created it. Shares issued in an IPO at £1 a go. The only difference that is discernable here is he has found ways around 'wages' and uses Consultancy fees to hide the avarice. Go back a couple of years and the Consultancy Fees paid to other companies, of which he was a joint director, with at least 1 other family member, are lost because the LLC company he was a director of, are dissolved.

More obvious is WHY is he getting Consultancy Wages from a Company he is the Chief Executive Officer of? Even if you respond with vitriol and distain to my post here, just answer this one question in a logical fashion.

What is worth 'consulting' about anyway. The ground around Tulu Kapi has more holes than swiss cheese. Its been drilled for 12 years. Proven reserves for 8 years. It should have been in production in 2018. Don't forget Tulu Kapi was the discovery and proven up by a different company that ultimately failed because 'Ethiopia'.

Responsibility for failure rests with the person in charge. The person in charge getting 'success wages' for failure AT EVERY MISSED MILESTONE, is justifiably and morally wrong. Even the mythical 'Line in the Sand that has NOT to be Crossed, gets mussed over and drawn months ahead. You supporting this, are enabling his continuation.

[theaviator] 03/10/2021 12:08

Point is to keep lights on tough Goatie. He's done it for years. That's the problem if there isn't truly any intent behind it with production which often the case sadly with these aim explorers

[whu0319] 03/10/2021 11:12

Goatherd: Dream on ! So-Called financing HAA claimed was never going to happen HAA knows it!! Hence all "investors" wrote LOIs only so-far. IMHO, Given the almost inevitable decision by EG's Govt to revoke TULU's License because final warning was issued long time ago, so called "locals" of course will not move!! RAB gave bridge loan at 25% interests most likely is collateralised with ALL Kefi's asset !! So a placing now, who will buy?? I bet only thing on HAA's mind is find a way to avoid going to JAIL !!GLA

[goatherd] 03/10/2021 10:21

I cannot agree that the future, provided financing comes through before more dilution, is any worse than it was a few months ago.

At the moment we are being told that everything is still on track for production at the same time as it was a few months ago. So why should it necessarily be worse?

I hope there is no more dilution, but, if there has to be, then so be it. Better a bit of dilution than going broke, eh?

[dane1606] 02/10/2021 21:04

I've been here since 2009 ,lived in hope for year after year (ask hairyback ) but concluded my investment is an absolute right off ..management is truly abysmal at best ..lesson learnt

[cybaajak] 02/10/2021 20:49

*IF* he manages to arrange a finance package at and on, current available information, the share issue, and subsequent total amount of shares will dwarf the 3.3 billion that were available in Feb 2017. Just 4 and half years ago.While his CV spouts Bsc in Accounting, some people on here need to read LAST YEARS financial accounts, THEN search which company took over £1/2m in Consultancy fees, do a director search of said LLC Company (Not PLC) and then connect the dots by more google, linked in etc searches and see that 'Harry' isn't actually named Harry.. Hint - The Agnastoras-Adams bit is right.Its NOT even conspiracy theories. Just greed, and what can only be opinioned at, as Inability.

[oilisgold] 02/10/2021 20:48

If a placing was done at 2p or 1.5p or 1p, nor big boys would buy. If its done sub 0.5p forward selling be easy.

[cybaajak] 02/10/2021 20:39

Either the security concern gets addressed and sorted out (remember the farce about the shed break-in, and the 6 months after of not-much-news and investors running for the hills)OR Ministry of Mines revokes Kefi TK licence as a non mover come End of October...Its more than likely the second one occurs, than Adams squeezing a miracle out of thin air.If everything just hangs in the balance between now and end November when financing runs out, Kefi washes out. Completely.Doesn't really matter what the Kefi Faithfull spout on here, the cold hard facts are March 2017 there was a 17 fot 1 consolidation (Down to 220 million sharez) because the man in charge (the same one today) ran it into the ground promising lots and delivering absolutely nothing. The very same thing he has delivered since. While paying himself a wage (touted by accountants as being in top 25% of producing mine companies CEO renumeration) that is unjustifiable. Not discussion worthy but totally unjustifiable. Take that with the RNS of rewards he wanted ON TOP of wages, or 'Consultancy Fee's', (before public outcry on the greed - modified it).

[aircomm] 01/10/2021 23:26

It’s a very tricky situation to read. I think we could touch 0.50, but I also think we may see this north of 4p in 2022 (provided Ethiopia doesn’t unravel into full blown civil war). Future dilutions make past talk of 10p+ highly improbable.

The $500k by Christmas for HAA might look fanciful, but you never know. Sentiment can change very quickly.

[monte1] 01/10/2021 17:31

#16259

Resent it?

Au contraire - I wear it proudly as a badge of honour.

[rich1e] 01/10/2021 17:08

Aye good weekend Donegal, and indeed everyone. It’s not necessarily been a bad week, it’s how it all ends up that matters. The buyers of seventy million shares will no doubt think it’s been a better week than those that sold. It’s individual perspective

[theaviator] 01/10/2021 16:58

You're forgiven. Hell's kitchen!! Lol

[tom barnaby] 01/10/2021 16:55

Indeed. Hopefully the avatar goatherd will have more luck on the riverbank than he has either with the imminent million pound AIM windfall or indeed posting on the free bb.

[theaviator] 01/10/2021 16:54

Tells you he isn't that eager for funding because he knows it's a dead duck!

[goatherd] 01/10/2021 16:54

If someone is rude to me then, surely, I am entitled to be rude in return?

Monte1 and Tom Barnaby are both named on my thread headings as being I advise my readers to ban. And they resent it! (Unsurprisingly)

[theaviator] 01/10/2021 16:53

I mentioned months ago I emailed to say I have funders in place who would fund it BUT the email was ignored! What's that tell you eh???!

[theaviator] 01/10/2021 16:53

Only one reason this has failed. CEO! Incompetent!