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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Kefi Gold And Copper Plc | LSE:KEFI | London | Ordinary Share | GB00BD8GP619 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.014 | -2.55% | 0.536 | 0.536 | 0.548 | 0.556 | 0.536 | 0.55 | 29,220,732 | 16:17:43 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Metal Mining Services | 0 | -6.36M | -0.0013 | -4.15 | 26.81M |
Date | Subject | Author | Discuss |
---|---|---|---|
15/11/2019 12:41 | Relentless buying over at altn like it's about to pop.. | littlepuppi7 | |
15/11/2019 12:40 | Well, I am liking the stability at the moment. Hopefully the volatility has gone for a few days until the next news from the company. A period of consolidation is good for everyone I think. | andysand | |
15/11/2019 12:30 | @goatherd - bit too late, no? A rather stupid thing to say really. | cjm681 | |
15/11/2019 12:25 | Classic advice "If you don't like the heat get out of the kitchen". To which I would add "but don't just moan about it". | goatherd | |
15/11/2019 12:21 | @divmad - agreed. It's always "shortly", "soon", "circa". Never anything concrete. It's been like this for months/years. | cjm681 | |
15/11/2019 12:18 | It would be helpful in this process, if a Closing Date was specified to all the various parties to the Subscription Agreement, giving some greater sense of urgency to the signatures. Otherwise procrastination has a habit of taking over, with no one entity assuming a leadership role. That Closing Date could be 10 working days from the date that the EG sorted out its internal administrative issues, triggering an RNS by Kefi saying all the partners of TK Mines are now ready to sign. | divmad | |
15/11/2019 12:11 | @enter - the 10 days has been mentioned, but you are correct when you say that ANS are reluctant to pay up. There are still people who think they will not pay up. It's just one excuse after the other. If it happens it will, genuinely, be a miracle! | cjm681 | |
15/11/2019 12:10 | The local businesses are banks and insurance companies, I believe. Each of them has to sign the TKGM subscription agreement - lots of pieces of paper going around lots of different places. The subscription agreement could not be finalised earlier because the government, which has two forms of equity interest, the statutory "carried interest" and the larger interest resulting from its equity subscription in kind (provision of off site infrastructure including power connection to the hydroelectric generation facility some distance away, roads, bridges etc) had not identified the investment holding vehicle. The issue was how the government would hold the carried interest, I believe. Until the vehicle for holding the shares had been agreed and determined internally within the government, the name of the government subscriber for that interest could not be inserted in the subscription agreement (or the shareholders' agreement, if there is one, but there probably is). The vehicle for the larger interest was formed some time ago and was not a problem. This is yet another "first-mover" issue. Now the government has resolved the issues and they probably won't recur. It is just bad luck for us that all of the procedures, documents and structures had to be developed as the first phase of the project developed. Even the central bank had to revise its policy on debt/equity. It's not the fault of Kefi that Ethiopia had to learn how to licence private mining operations. I suspect that teaching locals about mining will be as simple and as undemanding by comparison as falling off a cliff. So far as I am aware from what the company has said, the delay is purely procedural and it is now just a question of getting all of the signatures on the right pieces of paper and each of the financial institutions will have their own internal procedures for authorisation of signatures. | estseon | |
15/11/2019 12:06 | Bejubiant I'd like to know where you are getting that information from. I've never seen anything in an RNS that says they will pay up within 10 days of government sign off. For me ANS are the biggest worry. They seem very reluctant to hand over any cash. They were initially supposed to pay in Q2 but there is always some extra condition that needs to be met. It seems that Kefi are required to take all the risk and ANS don't want to take any. | enter | |
15/11/2019 11:43 | enter: the ANS equity monies to be invested at the project level are via a consortium of local businesses and owners. The timescale published by them was “within c. ten days of government sign off” I feel this is quick, considering it’s a multi party transaction. Be patient | bejubiant | |
15/11/2019 11:41 | @enter - could still be weeks away if past experience is anything to go by. | cjm681 | |
15/11/2019 11:41 | Buddy it was like 5 business days ago. And it is Ethiopia. Give them time - it's coming. | smackeraim | |
15/11/2019 11:26 | Enter just a gap when everyone double checks the paperwork plus Harry only got back to Ethiopia last Friday. Cannot be sure what day things are triggered but cannot be to far off otherwise you would not be getting the push from the company and things like the signing of the MOU. | robjm66 | |
15/11/2019 11:26 | Someone is | the charmer | |
15/11/2019 11:23 | Re: Why is project finance not sorted? - I think Harrys playing a blinder i.e. feeding the market slowly, building a solid base for the best news ;-) | stockriser | |
15/11/2019 11:22 | Enter, Who knows, who cares, unless you are a trader. What's a few days in the grand scheme of things? | scrappycat | |
15/11/2019 11:15 | Why is project finance not sorted if all they were waiting for was the government to sort an administrative matter? That was resolved 7th November. | enter | |
15/11/2019 11:08 | I can't imagine many interested, or potential investors, wanting to be out of this over the w/e. That RNS could come early on Monday, but who knows. Whatever, it will be a few less days before the revelation of actual funding is received. I expect a flurry of buying this pm. | scrappycat | |
15/11/2019 10:26 | Another strong performance, finish plus side of 2p today, just on expectation of next week. IMO... | scars | |
15/11/2019 10:22 | The panel of signatories at the signing of educational initiative yesterday.From L to R: Vice President of Oromia, KEFI Minerals Managing Director, Chairman of Tulu Kapi, Minister of Mines, Australian Ambassador to Ethiopia and Oromia Director of Mines Regulation https://t.co/x0fNmAS | richsmithsmith | |
15/11/2019 10:18 | Well said Rio. Good posts | smackeraim | |
15/11/2019 10:12 | Hi folks, in recently, last few rns's leave no doubt, know i'm lucky to get opportunity, due to co's circumstance up to here, what a story this could be | dubian99 | |
15/11/2019 10:08 | Many thanks for the informative posts. So far it's been a good week.Share price holding well. Know we've not got to 20p or 6p , but do we really want that kind of 'madness'. If you have bought below todays price be happy and hold. If you are long term holder you may get your money back. If you don't hold buy whilst you still can below 2p. This has been a party political boradcast on behalf of the Kefi party. | mam fach |
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