Kefi Gold And Copper Share Discussion Threads

[robjm66] 13/10/2021 10:27

Quite a lot of detail in presentation.

Repost from me on lse

Well map puts area in orange zone Published by French Ministry of Europe and Foreign Affairs. Kefi seems more worried about the route that goes into the area hence slide 9 through the town of Nekemte which seems to be the area of greatest concern. Kefi saying wants route protection maybe this is the sticking point with the Ethiopians. They might think the concerns are overblown and annoyed with the company for highlighting them or want more money to provide the level of security Kefi want. Generally the geographical areas of concern are in Ethiopia are shrinking so the risks could be overblown but Kefi have to keep the wider consortium happy.

[jaylett] 13/10/2021 10:17

Those companies don't have a decade of failure priced in. You cannot miss deadline after deadline and still expect to be valued on the same look-forward basis. It doesn't work like that because sentiment is everything; something that the Dear Leader seems to either not know or not care about.

March 2021 he said "we're on, this is happening". It didn't and hasn't.

[bridgedog] 13/10/2021 09:25

yes, needs to be over 3p for 5 days.

I bet Harry cant believe the share price action here considering how close we are and all the work done - $70m already spent on TK! MCAP of £20m and we are asking for $330m for project funding! Something doesn't add up and I believe its simply that the company is massively under valued at these levels. The are exploration companies doing stream sampling worth more than us - we have $5b of metal in the ground and 2 projects near development. Even taking out TK we should be worth more on Hawiah alone.

[belfastboyo] 13/10/2021 09:16

If memory serves Donegal the first bonus award (500k) was conditional:1. Funding final and binding legal closure and2. $20m received before 31/12/21 and3. share price of min 3p for X days So all 3 conditions would have to apply before he gets a cent...basically for doing his job anyway (but that's another matter)That said, I hope he achieves it sooner than later

[topicel] 13/10/2021 09:08

Sept 17. Why tell us old news?

The presentation link above is all (it's enough) we need to know. There is reason for the depression Shortarm was referring to when you look at that...

Topicel

[delta0091] 13/10/2021 09:02

US Prez Biden signs executive order to sanction those responsible for Ethiopian conflict

United States President Joe Biden September 17 signed an executive order to allow fresh sanctions on the sides that are fuelling the conflict in Ethiopia.

hxxps://m.republicworld.com/world-news/us-news/us-prez-biden-signs-executive-order-to-sanction-those-responsible-for-ethiopian-conflict.html

[donegal1997] 13/10/2021 08:48

The cynic in me thinks that he will force the financing through somehow in December because of the bonus structure.

[topicel] 13/10/2021 08:44

Shortarm, as was pointed out previously, dear Harry is not 'hands on' at Venus, which is kind of the big difference.

Today's straw clutch. It isn't usual for the webinar to be promoted by RNS on the day?

What, if anything, might have changed between last Thursday and now?

We live in hope, and too much on the actions of others, which is no way to invest...

A bit like the footie managers who is relying on other results going his way...

No doubt he's brought it forward by six weeks to avoid very irate PIs in December when he still has nothing to report remotely like a finance deal. Tell me otherwise someone!

Topicel

[richsmithsmith] 13/10/2021 08:33

https://www.kefi-minerals.com/files/presentations/kefi-quarterly-webinar-presentation-13oct21.pdf

[tom barnaby] 13/10/2021 08:13

Thats my 16500 going through.

[dadoconconcon dadoconcon] 13/10/2021 08:09

Ol' drongo chops be huffing and puffing away as he bullshines his way through the Company's quarterly investor webinar being held at 4.30pm London time today

[shortarm] 13/10/2021 08:05

Look at the EMED / Atym chart things can go down before they go up. Anyway, last post here for a while, too much depression going on.

[jaylett] 13/10/2021 07:51

"Stick with Harry and you'll be OK I say!"

Indeed, the chart speaks for itself.

[shortarm] 13/10/2021 07:33

Venus minerals has a partnership with AAU and now a Cyprus miner - Production in 18 months... Stick with Harry and you'll be OK I say!
Harry founded Cyprus-based Semarang Enterprises Ltd in 2004 and, through Semarang, founded Venus Minerals, Atalaya Mining Limited and KEFI Minerals.

[taxlosstone] 12/10/2021 20:44

As he is now only cautiously optimistic, even Harry does not appear to have much confidence in Harry. :-(

[belfastboyo] 12/10/2021 20:10

As always it boils down to a simple question - will he deliver TKGM binding and legally agreed funding c$360m closure soon or not? I would suggest that IF he does then the market will instantly (quickly) revalue the company from the current risible c£22m to a much, much higher level x2 x3 x4 etc OR not...if he once again is seen to be over promising and totally under-delivering....then we won't see any short term bounce imho as a major holder and LTI I really have no time for the man...(in that I agree with Tops and many other LTIs)...personally I think he is incompetent at best, mendacious at worse...but I hold in the hope that eventually even someone as incompetent as him/BOD might deliver (of course I may be wrong in that opinion) DYOR

[estseon] 12/10/2021 18:58

Tops,

He did not "sell off" 6% of Hawiah. He allowed the stake to be diluted because Kefi could not fund further equity in the JV company. That is another cost of the TK delays.

[topicel] 12/10/2021 18:33

Que?

It is painful either way Estseon. Your opinion remains that we will be unleashed to charge, well limp in my case, back towards 2p and the inevitable cash call that will follow?

For I can only see obstacles in the way of our stampede forward and probably another blooming paddock and firmly locked gate that will keep us tethered up for many months yet at these prices.

Sell 4% of Hawiah as it will cover everything and reduce what we have to stump up there AND if it really comes good as we think by, say, 2026 (current experience talking) we will be still quids in then.

He didn't hesitate to sell off 6% before, did he? This time it would make sense.

Topicel

[estseon] 12/10/2021 18:23

ps. That is more of an observation than it is an opinion.

[estseon] 12/10/2021 18:22

The "uber bulls" are tied by their goolies to the gate post and can't commence their charge until the farmer releases them.

[tom barnaby] 12/10/2021 09:55

16487

100% correct.

[rich1e] 12/10/2021 09:50

I didn't state an opinion on whether there may or may not be an opportunity going forward. It's just not my bag to suggest to other's how they should or shouldn't invest their hard earned cash.

[bridgedog] 12/10/2021 09:49

Agreed, I mean, 20 bagger max at this stage.