Kefi Gold And Copper Share Discussion Threads

[goatherd] 05/10/2021 18:30

"as if nothing has happened" - so what has happened?

[tintin27] 05/10/2021 15:31

Mediation talks starting now that PM sworn in
[...]
Ethiopian Prime Minister Dr. Abiy Ahmed has directed South Sudan’s President Salva Kiir Mayardit to start mediation between Ethiopia’s federal government and the Tigray People’s Liberation Front (TPLF), according to South Sudan presidency spokesman Ateny Wek Ateny.

[rich1e] 05/10/2021 14:01

No one has the foggiest Dean, which takes you back to point 1, of my previous post. Enjoy your day everyone

[deanroberthunt] 05/10/2021 13:54

when does final funding complete ?

[rich1e] 05/10/2021 13:43

I'm mostly in agreement with people's view and frustrations here. And so if I cautiously say that of 120 million traded last week 'only' 30 million were buys. Then my question's would be 1, why? 2, who? they're very quiet 3, why aren't more being flipped back into the market as a, the owners read what a dump it is, b, short term bounce hasn't materialised. Just musings my, as tops say it changes nothing

[rich1e] 05/10/2021 12:57

I doesn't change anything tops, it's just a thought on my part. As you say it's binary and so if someone did load up then I'd say that they're reasonably confident. They definitely haven't be reading these boards over the last week

[topicel] 05/10/2021 12:37

What does that change though Rich1e?

It is so binary now, with time seriously running out one would suspect, before we have to raise funds the usual route and 1p is where it's been forced to.

If there is any consolation in that then I'm missing it! All it tells me is folk with deeper pockets can play and hold longer at many different levels. Maybe shorting with their millions of extra cheap stock...?

Topicel

[rich1e] 05/10/2021 11:39

Someone might have backed the truck up tops, on the 60 million days last week buys v sells were 50/50. I appreciate the mid price stuff, but the spread was wide and I bought under the mid price so it works both ways. Strangely there is a lack of people crowing that they've bought in, but someone did.

[topicel] 05/10/2021 11:16

So if it was right to buy a number of shares at, say, 1.8p or 2p a month to six weeks ago, it is really daft not to, as the common parlance would have it, "back the truck up" and buy millions more at 1p as we are today?

I don't fully accept the interims argument as it is far from the first time that we've had inconsistent and confusing RNS that have needed clarification by webinar or podcast interview etc, or, as in this case website Q&A.

They knew the interim statement was coming out the next day. This miscommunication tends to happen far too often and again, how does that entice investors?

Is it, or is it not a serious matter this 'security concern'? You seem to think it isn't and yet it is open-ended as far as we know right now and not within our gift to resolve. We aren't paying out - if it is local 'blackmail' - so yes, the market needs to know what is being done about it and hence Harry should tell it. That was the gist of the Q&A response anyway.

The point is, we get 'corrections' and 'explanations' by these secondary channels for a reason I suspect - they are not, quite obviously, the official channel! The RNS is the factual account.

So that is where we stand. Harry can indeed help to resolve this issue by writing about it in what is, after all, a 'news service' - the regulated bit I'll pass on!

Topicel

[estseon] 05/10/2021 10:49

Tops,

I suspect that there has been a series of issues that have needed to be resolved and have been progressively battered into shape. On this occasion there was the coincidence of release of the interim statement and the board or the auditors or both may have considered it necessary to formally comment on there being an open issue. But for the release of the interim statement, the Company may have just proceeded as it has done before, and resolved the isuue one way or the other. Had there not been the coincidence of the release of the interims, I would have been more concerned.

HAA is paid to resolve issues not to write about them.

There have been multiple instances of 1 step backward after 2 steps forward and sometimes 2 steps backward after one forward but I do not agree that every single issue should be notified to the market as a matter of course.

In the case of this latest issue, I really do think that the announcement has more to do with the timing coincidence than it has with the severity of the issue in point.

Time will tell but the market may have overreacted.

[topicel] 05/10/2021 10:20

Est - it is not so much the delays, we are used to them for our sins, nay, expect them, but rather it is the way it is handled - or not.

Harry said in his interview that this had been an issue for months. But he never told anyone! To me that is disingenuous at best and downright misleading at worst. It is no wonder we lost 50% of our value because, as with the change from Ausdrill to whoever it is we now have who's gonna build what we haven't even started preparing for, the market is not given any guidance or notification of these things.

So it is no wonder that the share price takes a dive as any rational investor must wonder what else we are not being told...

Why does he not issue an RNS detailing the so-called security issues he has been encountering and what is being done about it? Why not clarify the damn problem? Tell the market that it is with the such-and-such minister in this or that department and they are exercising all their powers to prevent it being a problem. Add a date by which it should be sorted...

And put up some other proper PR showing people moving, roads being built, power lines erected and general activity - yep a few photos!

We have nothing to hang our investment hat on ever. I'm not grinding my teeth because I know it is out of my hands and, seemingly, Harry's too. So the least he can do is pass the blame/buck and be a proper Aussie and call a spade a spade.

If it makes those upset who apparently want to get wealthy at TK without us then let's call their bluff. Once and for all.

Topicel

[katsy] 05/10/2021 10:19

Is 1p now the prize for LTIs?

[estseon] 05/10/2021 09:31

:-) jaylett

Rio - I think that BHP identifies copper mining with 'being green'. They (and other miners) are trying to reduce their colossal emissions using, for instance, solar power arrays but good luck to them setting up one of those in the DR Congo. Kefi's footprint in Ethiopia will be partially green (the hydoelectricity for the processing plant) and there would be the opportunity of using solar to provide some of the power for a mine at Hawiah.

Corruption is endemic in the world (are the Fed or the ECB "clean"?) so it should not be too much of a surpise that a band of chancers has emerged from the sewers with their grubby paws held out. We see similar whenever there is a construction project of any size. The possibility of getting money for nothing always attracts the grot and the low life - there were plenty of examples of that in the UK exploiting the emergency Covid reliefs, loans and grants.

The Company issued its Interims with a note in the accounts saying that they were confident that they would be able to comply with the bridging loan repayment terms, including repayment by 30 November.

As usual, HAA has taken the flak on this BB but the whole board of directors is on the hook for that statement in the interim accounts.

We could certainly do without an additional teeth-grinding month of uncertainty but there does not appear to be any reason why either HAA or the Ethiopian authorities would wish to orchestrate a further saga.

[jaylett] 05/10/2021 07:28

I've filtered everyone, including myself. It's the only way I can be sure of not being influenced by rampers or derampers.

[riotinted_specs] 04/10/2021 21:16

Interesting... BHP Group is in talks about buying into a copper project in the Democratic Republic of the Congo, marking a dramatic departure from the worlds biggest mining companys policy of shunning risky jurisdictions - I think we will see more of these as the precious and industrial metal big boys continue to just plain run out of their metals

[monte1] 04/10/2021 18:30

As it is a freebb, there is little point in paying to read it so if ye are paying it may be best not to read it as a point of principle?

Just a thought.

[tom barnaby] 04/10/2021 18:28

Paying not to read a free bb.

[monte1] 04/10/2021 18:24

Bloody great stuff neilng.

[neilng] 04/10/2021 18:21

Thankfully I now have a 90% filter on this BB thread.

[tom barnaby] 04/10/2021 15:55

16349

I beg to differ. I rather enjoyed your post.

[monte1] 04/10/2021 15:54

LOL goatherd.

It seems that you generally miss the mark on all 5 counts.

All in my serious, honest, polite & succinct opinion.

Not a lot of shared enjoyment in my post granted.

vbrs
monte1

[tom barnaby] 04/10/2021 15:52

Thanks Rich1e,

To pass the time of day, preferably in an enjoyable manner.

I hope that helps.

It should be noted that this is a free bb btw, whilst it was opened as a Premium BB Broadcast Thread with READ/WRITE options, the avatar scotty1 is no longer a Validated subscriber.

[goatherd] 04/10/2021 15:50

If I may butt in Tom.

I believe the purpose of the BB is to exchange ideas about investment, specifically relating to the subject matter of the thread it is on.

It should be treated seriously, honestly, politely and succinctly.

It should also be enjoyable to all the participants, subject to the last sentence.