Kefi Gold And Copper Share Discussion Threads

[cjm681] 15/10/2019 08:42

@LaurenceLlewelynBinliner - yes. But on the Q&A it states :

And closing is expected by the end of October as reported in KEFI's announcement dated 4 September 2019

Note the word 'expected'.

It's all cleverly worded spin!

[laurence llewelyn binliner] 15/10/2019 08:25

04.09.2019 - Federal Democratic Republic of Ethiopia and the Kingdom of Saudi Arabia, is pleased to announce that KEFI and its partners in Tulu Kapi Gold Mine Share Company Limited ("TKGM") have confirmed their respective commitments to the start of development at the Tulu Kapi Gold Project (the "Project") in October 2019..

[digger2779] 15/10/2019 07:27

Morning all. Dental appointment at 9am ( 8am UK time), followed by 2 hours badminton practise in readiness for weekend tournament in Jaen, followed by a few hours lying on the beach while I await the blockbusting RNS.
Have a good day all :)

[pjj71] 15/10/2019 07:11

any money from ANS yet???

[cjm681] 15/10/2019 06:28

@goatherd - I realise we have had discussions on the subtlety of words before....but when you say "we have been told the money is coming by the end of October"....well, what was said is "expected" by the end of October. More wiggle room available with the word "expected" than "will".

[cjm681] 15/10/2019 06:12

@pjj71 - yup! Number of shares issued will start to go up exponentially soon.

[sweetwaters] 14/10/2019 18:50

What an indictment of confidence in the company. The market is sooo fatigued with the communications that anything other than cast-iron confirmation of funding is taken as bad news. The company may as well sign post 'stand by rogering coming up'.

Whoa betide HA trying to use any weasel words if the 31st October deadline is missed.

[digger2779] 14/10/2019 17:50

Divmad - sorry. I must take a leaf out of Harry's book and do better lol. Mind you I am excelling in the red tick down stakes, got 6 already :). See you got one for just mentioning my name!!

[divmad] 14/10/2019 17:15

Digger, that's not one of your better posts, I'm afraid.

[goatherd] 14/10/2019 16:03

digger,

Nonsense. WHEN it hits 5p the market cap will only be about £40m.

[cl2201] 14/10/2019 16:01

The answer is: definitely not - because they aren't investing in Kefi plc.

[digger2779] 14/10/2019 15:58

cl2201 Probably not because they can't lose any money even if they do part with it. Win win.

[cl2201] 14/10/2019 15:44

'lets have another consolidation to keep ANS happy once they've opened their wallets'

Why would ANS care about the number of shares in issue at Kefi plc?

[digger2779] 14/10/2019 15:39

You have to ask yourselves who is going to buy up all this confetti because if it ever hits 5p it will have a market value the size of a planet. So issue the confetti to bank roll your chums and when they've had enough lets have another consolidation to keep ANS happy once they've opened their wallets.

[digger2779] 14/10/2019 15:35

At this rate a ten bagger will get us to 1p if we are lucky.

[goatherd] 14/10/2019 15:30

jaylett,

I do not understand where you are coming from.

Kefi's survival is not in any way threatened by movements in the share price.

I can think of few better ways of destroying it than by bleating to ANS.

We are told the money is coming by the end of October (2019!). I believe that. If it doesn't then, sure, there will be a blood bath.

But how often have you paid bills before their due date? (Assuming you are a business man, of course).

[cl2201] 14/10/2019 15:24

Taxlosstone - No, ANS set to gain zero from that scenario. This is why, despite the incredibly tedious process, I believe it is just bureaucracy holding this up.

As Ethiopians they desperately want access to USD - what better way to do that than follow the EG who have not only highlighted mining as a key focus from the top, but also directly invested in TKGM. As Ethiopia's only ready-for-development gold mine on the horizon and with the GP at a healthy level it is a perfect opportunity.

[jaylett] 14/10/2019 14:59

This is absolutely disgraceful. I don't care at this point what the schedule is, in the name of saving this company ANS need to be told to pay up now. Today. We're teetering on the edge here.

Whether ANS comes in or not, HAA needs to step aside soon afterwards. He's a company killer.

[pjj71] 14/10/2019 14:51

I see they are dumping like crazzy to buy back in the next conversion tomorrow.. hope they are sending Harry a nice xmas present hehhehe hohoho

[pjj71] 14/10/2019 14:42

the next Working Capital conversion is going to look very nasty.. at this rate 200k for 20% of the company.. a true death spiral masterpiece by Harry...

[the charmer] 14/10/2019 14:37

We are watching closely

[pjj71] 14/10/2019 14:30

down she goes... will the ethiopians invest before this hits zero... wouldnt put my money on it...