Kefi Gold And Copper Share Discussion Threads

[barry evans] 26/3/2024 13:25

goatherd 22 Nov '22 - 19:13 0 14 0

I have started this thread, in which I am able to ban non-verified (not "blue") posters, to try and make it more readable, and enjoyable.

To this end I will not ban for having opinions different from mine.
I will ban
For rudery
For bad language (including abbreviations – e.g. “FFS”)
For repeated posting of incorrect “facts” (after warning)
For repeated posting of "clutter" (after warning)
Whenever I feel it is necessary
I may also moderate for posting irrelevant stuff - "clutter", without warning.

I ask all "onside" posters to refrain from ANY discussion or interaction with "blue" nuisance makers. I may moderate if people do. If anyone was to interact repeatedly then I might well ban.

The said "blue" nuisance makers are, currently,

Monte1, Tom Barnaby, James Japp, jaylett, Dudishes and Barry Edwards

Posters might want to filter them!

I will add links to relevant topics, in due course.

I will post; and may, or may not, add my opinions here.

[monte1] 26/3/2024 13:02

An alternative - some would say far more realistic - view;

goatherd20 Mar '24 - 17:24 - 28066 of 28110
0 1 0
Harry also has some string points in his favour -
1. he has a lot of blood in the game (ie. he has a lot of shares no money to pay him in any other way
2. he knows everyone who counts in both countries fat lot of good that has done so far
3. he has nearly managed to raise over 10 times the company's market cap - that is unbelievably difficult. he has managed to lose 90% of the value of funds invested
4. his team seem to trust him who wouldn’t when getting paid money for old rope?
5 both governments do trust him do they though?

[monte1] 26/3/2024 12:26

I can only assume that the avatar robjm66 is one of these ‘parody accounts’.

[robjm66] 26/3/2024 12:08

Harry and Eddy answered all the questions that they could do looks like they might be able to use the recent grant system .

Was a bit surpsied by them considering Ethiopian listing but maybe Saudi money can invest into mining stocks through that now they are looking at investing in foreign mining projects. Think Harry was not enthusiastic about Saudi investment in TK as they already have the consortium assembled and getting near the finish line.

Sounds like kefi are being approached over TK and projects in Saudi by people wanting to do deals with them. Kefi has not been taken over yet due to sub 100 million dollars Market cap but think Harry being a bit complacent over that it might hit the stage especially in Saudi were it just easier to take our the Kefi rather than compete with them and have economies of scale on other companies license areas neighbouring kefis.

[monte1] 26/3/2024 12:06

Goatherd?

M5 traffic chaos after three goats brought motorway to a standstill

[barry evans] 26/3/2024 11:47

Quite right too, goatherd.

Although I would prefer the term 'value adders' or 'free bb* appreciator', but a win is a win, so I cant grumble too much.



*forum

[monte1] 26/3/2024 11:46

Can you also kindly remove Tom Barnaby and James Japp from the list while you are it as these avatars no longer exist?

tia

[monte1] 26/3/2024 11:45

Well done goatherd.

That should help greatly.

[goatherd] 26/3/2024 11:43

I have added Barry Evans to the header list of "Blue" nuisance makers.

[robjm66] 26/3/2024 11:43

Start

Harry conducted general meeting motions passed..webinar taking questions after short presentation..

Edit
Presentation slide one companies now in the Arabian shield area industry now arriving by the plane load. Current Priorities slide. government partner spending money now moved onto second bank approval. Approval from large organisations huge companies and government involved. All focused on closing and launching.

Saudi significant rate of expansion Kefi being encouraged by competitive pressure to expand more quickly. Pipeline of projects. Now the company in effect has pulled together partnerships kefi doing things for the first time in a frontier market.

Talks about Npv and how undervalued kefi it is ditto slide comparing kefi to other companies. TK Project economics slide viable at 1200 but shows other values up to and over 2000.

Slide expected milestones walks through milestones 90 percent through as taken as a complete package. “Only when you know both banks approvals are in you back pocket”(open wallet)” closing funds start to get drawdown in correct sequence. Now in the business of closing an optimizing been approached be interested parties now we are close.

Saudi two projects growing, between those project they will dwarf TK financing done at subsidiary level. Regional exploration lots of license areas the third parties wanting to engage and invest in our business.

Questions

Q. Saudi listing?
A. We came to the view they are not ready for a pre production company. Ethiopia asking us to dual list in Ethiopia we think they are read and they have a new stock exchange.

Q. Would you consider to sell off TK to concentrate on Saudi.
A.Not a priority at this time.

Q. Value of assets considering gold price?
A. Covered in presentation capped at a fraction of TK when we bring on the Saudi project plenty of upside.

Q. Binding contracts when?
A. Complete drafting, big meeting then refresh numbers then sign.

Q. Second bank sign off?
A. First bank took longer than we thought called meeting then bank gave it approval in December announced in January second bank in the committee, initial part could be this month and the final part next month.

Q. Recent raise why nor wait longer to raise at higher price?
A. Mismatch with the fine print. What we intended to do was not raise till later but had to clean up the balance for closing.

Q Lack of updates?
A.Company make an average of three Rns per month our a month, 13 since October we announce anything material.

Q Why are we still waiting on second bank?
A. See previous answer bank took longer than expected but we are expecting news from their soon.

Q Slow government pace do they deserve the benefits?
A. The community deserves the benefits.

Q. What hope for long term shareholders?
A. Sector out of favour lost time due to wobbles but upside is huge on frontier markets. Potential twelve times upside with most of the senior people taking their wages in shares we agree that it been elusive so far.

Q.4.3 billion gold why no bigger investors?
A. Companies have rules over market cap that inhibit investment into companies under 100 million market cap.(Think Harry a bit complacent here with Ivanhoe getting license areas around kefis).

Q. Exploration licence areas returned?
A. With the ministry so cannot discuss.

Q In Sauid where will funding come from?
A. Capital will be broken down into segmentsin Saudi six percent after Sidf loan and partner we can bring in more financiers any number of things we kefi are putting up a tiny drop in the bracket.

Q Lowest investment value and how can I invest?
A.(think this question went over Harry and co head and you could hardily expect them to recommend when they thought the company would be at a low point)

Q Why difficulty in getting TK over the line?
A. See previous answers.

Q. Saudi to provide funding for TK?
A. There is enough money in Saudi but no track record of investing in mines Ethiopia. Hot topic may be chance for investment in the future in other mining projects (including kefi projects).

Q. Conditional approval?
A. Everything is conditional from mortgages banks always have conditions.

Q. Sidf loan why not already used?
A. We would not borrow money for exploration (from Saudi?)

Q. Grants funding announced recently in Saudi for exploration areas?
A. We are going through the fine print on that we will see.
Q. Community resettlement when?
A. Responsibility of the government and guided by rules. Complex process. (post launch)

Q. Dividends?
A. Philsopically yes we are for it.

Q. Milestones?
A. Host land survey, final documentation, early earth works commenced. everyone wants to proceed companies pegging around us in KSA and offering us deals wonderful relief piece of cake compared to what it was.

Q. Knowledge and management transfer?
A. More locals involved in business.

Q. What's needed for sign offs?
A. It’s a process.

Q. More delays due to conflict in region?
A. Problem is the place where TK is erratic in out breaks green zone that occasionally flashes red needed government guarantees had to invent another solution that you will see shortly. Likely have a third round of peace talks. Meanwhile will have security. Both government and the rebels want TK to go ahead.

Closing comments.

We are transparent what we are trying to do is communicate, we are natural optimist we get it wrong occasionally. You have the privilege to go in and out of a stock when you want we are restricted but we understand the frustration of shareholders I have given ten years to this project it better bloody well pay off watch this space.

[barry evans] 26/3/2024 11:40

Further to 5008

I suspected not.

[blue square] 26/3/2024 11:33

HAA said the banks want to see
the security on the ground is ok
and seeing is believing, so its
looks like this condition precedent
has yet to be signed off.

[robjm66] 26/3/2024 11:10

Q. What's needed for sign offs
A. It’s a process

Q. More delays due to conflict in region?
A. Problem is the place where TK is erratic in out breaks green zone that occasionally flashes red needed government guarantees had to invent another solution that you will see shortly. Likely have a third round of peace talks. Meanwhile will have security. Both government and the rebels want TK to go ahead

Closing comments.

We are transparent what we are trying to do is communicate, we are natural optimist we get it wrong occasionally. You have the privilege to go in and out of a stock when you want we are restricted but we understand the frustration, of shareholders I have given ten years to this project it better bloody well pay off watch this space.

[robjm66] 26/3/2024 10:59

Q. conditnal approval?
A. Everything is condtional from morgates banks always have condtons.

Q.Sidf laon why not already used?
A.We would not borrow money for exploration.

Q.Grants funding annoucned recently in Saudi for explraion areas.
A.We are gong through the fine print on that we will see.
Q.Community reseltemtn when?
A.Repsonsabily of the govnemtn and guided by rules. Complex process. (post launch)

R.divends? Philsopy yes we are for it.

Q.Milestones?
R.Host land survey, final documentation, early earth works commenced. everyone wants to proceed companies pegging around us in KSA and offering us deals wonderful relief piece of cake compared to what it was.

Q. Knowledge and management transfer?
A. More locals involved in business.

[robjm66] 26/3/2024 10:53

Q.What hope for long term shareholders?
A.Secotor out of favour lost time due to wobbles but upside is huge on frontier markets. Potential twelve times upside with most of the senior people taking their wages in shares we agree that it been elusive so far.

Q.4.3 billon gold why no bigger investors.
companies have rules over market cap that inhibit investment into companies under 100 million market cap.

Q. Exploration licence areas returned.
A. With the ministry so cannot discuss.

A. Capital will be broken down into segment in Saudi six percent after Sidf loan and partner we can bring in more financers any number of things we kef putting up tiny drop in the bracket.

Q Lowest invesment value and how can I invest?

Q Why difficulty we getting TK over the line.
A. See previous answers.

Q. Saudi to provide funding for TK?
There is enough money in Saudi but no track record of investing in mines Ethiopia. Hot topic may be chance for investment in the future in other mining projects.

[shortarm] 26/3/2024 10:52

My Missis would certainly like a dividend sooner rather that later :-)Good man Harry lolz

[jaylett] 26/3/2024 10:46

How many times has he used a variation of the phrase "XYZ took longer than we thought" in the last five years? Ten? Twenty?

It is either rank incompetence or just outright lying. In any serious operation the CEO would pay for it with his head, but this is very clearly not a serious operation.

The only question worth asking is "why should anyone be expected to believe a word you say, given your proven history of 'over-optimism'?"

[robjm66] 26/3/2024 10:35

Q.Binding contracts when?
A.Complete drafting, big meeting then refesh numbers then sign.

R.Second bank sign off?
A.First bank took longer than we thought called meeting gthen bank gave it approval in Decmber announced in january seond bank in the committee intial could be this month and the final one next moenth.

Q.Recnt raise why nor wiat longer to raise at higher price?
A.Mismatch with the fine print what we intended to do was not raise till later but had to clean up the balance for closing.

Q Lack of updates? Company make an average of three of our a month 13 since October we announce anything material.

Qwhy are we still waiting on second bank? See previous answer bank took longer than expected but we are expecting news from their soon.

Q Slow govenrmtn pace do they deserve the benfits
A.The community deserves the benefits.