Kefi Gold And Copper Share Discussion Threads

[jaylett] 07/11/2019 21:48

- ANS has told him they need 10 days from receipt of Gov docs to check everything and then release funds.

That's all I need to know for now, thanks for sharing. Clock ticking.

[jagzoil] 07/11/2019 21:48

What do you mean the admin issue will be sorted next week? It's sorted already?

[1deedee] 07/11/2019 21:35

You must respect the person that gave me these notes wants to remain anonymous so please don't ask me

[1deedee] 07/11/2019 21:32

Notes from meeting with H.

It took the form of a 3 hour chat (2 other investors there). He seemed very open and clearly understands what's going on.

- he thinks the gov admin issue will be sorted next week. He's in Eth on Friday to discuss.
- the Hawiah drill results will be released when he gets them. First ones due week after next. He's confident they will show it's a VMS and flipped over (big deposit).
- ANS has told him they need 10 days from receipt of Gov docs to check everything and then release funds.
- ANS will release more than the original $11.4 in the first tranche (he wouldn't say how much) - this is being done to make the time between now and when the bond is issued as long as possible (improves NPV).
- priority for tulu kapi exploration is the deep stuff. Talking about a 1km deep drill but it's expensive, after that satellite deposits. Having a plant at TK makes smaller deposits economic. Said that mines like TK occur in clusters and he knows of several other possible targets.
- he was with the CLN people yesterday (asked 10 times but wouldn't tell me who they are). Said that they'll be another $500k coming from that facility (i.e. whatever is left to draw they'll have to draw it). Said that Kefi costs $500k a month to run but after ANS money thats down to $100k a month. Said that they are making money on the way down BUT they have said as soon as the milestone is reached they're not selling.
- said that the company will be very different at xmas. Mentioned $200M mcap this time next year.
- the admin issue is about who owns the government free carry shares. A few months ago the PM wanted those shares to be held by the people- kefi said no as they didn't want 3000 small ethiopian share holders so instead the government is working out a way to make this happen (some sort of trust fund I think). This was sorted 6 weeks ago and then wasn't. He says he's advising the gov on this and has had verbal confirmation its sorted. Hes in Eth on friday to talk about it and thinks it'll be sorted next week.
- security wasn't an issue for years but recently a local thug wanted to muscle it and organised the robery. ANS saw this as the start of a protection racket and wanted it snuffed out immediately. It was, arrests were made, kefi fired 3 people who were compromised, kefi guards were fired... now 30 armed soldiers on site and 200 more stationed 14km away. ANS happy with security arrangements. When the site is made it will be double razor wire perimeter with an airstrip in the middle.
- before xmas we should see. Gov admin issue sign off, hawiah drill results, project triggered, ANS money recieved.
- some money will be clawed back to plc (from ANS investment)... didn't say how much.

[the charmer] 07/11/2019 21:29

Are you sure that is correct?

[1deedee] 07/11/2019 21:24

From A little bird who had dinner with with Harry he's in Ethiopia next week 10 days between admin sorted out and money arrives vms deposits flipped over meaning big deposit Saudi Arabia government releases funds more than original deep stuff in kapi knows of several deposits in our zone exploration licence

[the charmer] 07/11/2019 20:40

Just sums it all up

[the charmer] 07/11/2019 20:13

Thanks liquid1

[1deedee] 07/11/2019 19:48

My guess is and it's only my guess they were told something that was stock markets sensitive the plot thickens

[h2owater] 07/11/2019 19:46

https://youtu.be/vrxMVrDOrYwNice video presentation on Kefi

[1deedee] 07/11/2019 19:22

Where's Richard Smith Smith

[maxiprime] 07/11/2019 19:21

This has not even started!

[maxiprime] 07/11/2019 19:19

It is time for everything to fall in place.

[andysand] 07/11/2019 19:13

I don't think you will wait long now. Also, I hope you won't feel the need to sell as soon as it hits 1.75p. There will be plenty more to go after that. Chances are that newsflow will get more frequent now. I betby9u are in profit within a week.

[whatnow1] 07/11/2019 19:11

Richardsmithsmith you said that you would be updating us on your meeting with HAA?

[1deedee] 07/11/2019 19:10

I paid 40 grand 4 a million lol

[1deedee] 07/11/2019 19:06

Bill 1.75 to break even wish I was there

[3690john] 07/11/2019 18:56

METAMAN idiot filtered

[billthebank] 07/11/2019 18:53

Snap Never try and have a conversation with a foul mouthed internet idiot!!!

Having said that I am locked in here and have been for a very long time. Need this to hit 1.75 to break even so will await next RNS WITH GREAT INTEREST

[scrappycat] 07/11/2019 18:27

Another 11 million posted as traded after the be11.

[scrappycat] 07/11/2019 18:23

Over 25% of the total number of shares bought/sold today were completed in tranches of a million, or more, shares per deal. I wonder if anyone has built a stake of 3% or more of the company?

[metaman] 07/11/2019 18:20

hands up who were buying above 1.30p.