Kefi Gold And Copper Share Discussion Threads

[the charmer] 10/10/2019 10:27

There would be an RNS if that was the case.

[pjj71] 10/10/2019 10:26

has the ethiopian money arrived yet?

[marnewton] 10/10/2019 10:11

Should be noted that article is not new and was published 23rd June 2019.

M

[richsmithsmith] 10/10/2019 09:51

https://addisfortune.news/state-to-electrify-tulu-kapi-gold-mine/

[digger2779] 10/10/2019 09:03

I have also emailed the company.

[cjm681] 10/10/2019 08:22

@topicel - I do agree with you.

I do not understand anyone who can be so forgiving of such poor management, exacerbated by misleading news all the time.

You are correct - "triggering" the project may not necessarily mean starting it - and there is my problem - these statements should be much more definitive, because they are far too "wooly", which portrays an image to investors which is totally inaccurate.

My email to KEFI regarding their management was strongly worded.

If the ANS funds do not arrive by end Oct I will be putting in a rather strong complaint to the AIM, along with another even-more-strongly-worded email to KEFI. If anyone wants to join in then I would encourage that. The whole situation is a disgrace - investors have been lied to, plain and simple.

Over and out for a few weeks.

[topicel] 09/10/2019 20:19

cjm - wise words. We are just as stuffed at 95% down as at 90% when Harry began issuing confetti in the hope it would see us through to the funding being deposited.

What I would say is the anger is genuine when it is genuine. If others have not got to that stage then they have not got the same amount at stake in terms of livelihood etc., as some. They have, as Goatherd implies, enough to not be too concerned if it is all a poor 'bet'.

But like you, it seems, some of us balk at the idea that this has been mishandled and badly managed at best. I don't care to think how long it has been about getting funding, but clearly over three years and at most stages the goalposts have been moved a little, or taken outside the blooming stadium! The losses have not all been down to circumstances, and if 31st October (and why should it be that late?) comes and goes without the ANS funds then I support your efforts to explore regulatory guidance about what has, and hasn't been promised.

But like all these things, it will be too messy to ever unravel. If Kefi fails to bring TK on stream it will just be another dodgy AIM outfit to add to the long list and nobody will bother.

Btw, 'triggering' the project development is not starting it, is it? I'll use my Brexit analogy again - they use the word extension rather a lot - and Harry has not said he'll be dead in any ditch or such if it doesn't happen. In fact, he has said most often it is entirely dependent on our hosts in Ethiopia.

What can you do in either case but watch and wait, knowing it is like a slow motion car crash in either set of circumstances. Until it is done.

Topicel

[cjm681] 09/10/2019 18:44

@topicel - they have.

On the Q&A 08th October : "KEFI has announced that, along with its partners, the government and the contractors, it met last month and confirmed to trigger the project development this month of October.".

I do not think it unreasonable to assume ANS funding arriving to trigger this development.

[scrappycat] 09/10/2019 18:03

People can say what they like about me. I care not. I merely post MY thoughts, and no advice is intended. I have no idea, as also applies to others who post on these boards, what effect the attempted coup has had, or continues to have , on proceedings. Hence my use of the term 'on the assumption', that I included in my previous post.

[keelhauled] 09/10/2019 17:17

'Ausdrill Limited is pleased to announce that the Ausdrill Group is adopting a new brand and identity, “Perenti“;. “Perenti Global Limited” will be the trading name of the Group company and listed entity and will sit above the Industry Sector Groups (ISGs); Surface Mining, Underground Mining and Investments.The Board considers the new name and brand better reflect the Group’s status as a diversified global mining services group and provides a strong platform that will support the Group’s strategic direction and future growth ambitions. The Group’s Managing Director Mark Norwell said the change represents a new chapter in the Group’s proud history and is a natural step given the evolution of the business. “Over the past year there has been transformational change within the Group. We have doubled our revenue through the acquisition of Barminco, developed a new strategy and implemented a new operating model to set a platform for future growth'. [Looks like a sign of STRENGTH IMHO]

[neilng] 09/10/2019 16:21

Of the last 10 posting only one isn't filtered

[scrappycat] 09/10/2019 16:12

Currently, there is no mine, and it is unlikely that there will be unless funding is forthcoming. There is no profit to grab. On the assumption that the relocation programme is up and running, why cause disruption to no purpose? The doubters can believe what they will, but their arguments do not hold water in my opinion. Don't forget that there was a joint presentation at the recent conference in Africa. I see no reason for the EG to risk destroying any international reputation they have. Not to mention that some of their rich cronies will/may have already invested in Kefi shares.

If I am wrong, I lose little at the current share price. If I am right, I anticipate making a considerable profit on my holdings. For me, the odds are heavily in my favour, but each to their own.

[cjm681] 09/10/2019 15:11

@delta0091 - would not surprise me in the least if that were to happen. Any delay beyond end-Oct for me will start complaints to the AIM for inaccurate and misleading RNS statements. After all, we have been told mine construction starts this month!

[delta0091] 09/10/2019 15:08

It's nearly always a made up 'tax' violation that results in impounding the asset.



"Claims arising out of the State’s imposition of an allegedly illegal tax assessment on the claimant’s indirect subsidiary, Allana Potash, and failure to provide infrastructure support for a large-scale potash mining project in northern Ethiopia."