Kefi Gold And Copper Share Discussion Threads

[robjm66] 17/12/2019 23:00

"He indicated companies from Saudi Arabia and Quatar are also requesting to invest in the zone."

hxxps://www.press.et/english/?p=10620#

48 seconds in

hxxp://www.waltainfo.com/index.php/news/business/detail?cid=52683&locale=en

hxxps://www.kefi-minerals.com/files/announcements/kefi-placing-17dec2019.pdf

As further evidence of government support, following extensive regional work and consequential applications, KEFI is delighted to confirm that the Ethiopian Ministry of Mines has now registered the Company’s application for regional exploration licences over an area of 1200 km2, one of the first to be registered under the newly launched licencing system for the country. KEFI has always maintained the Tulu Kapi Project is not simply one deposit, but part of a larger mining district.

Opportunity for Kefi to attract new investment from KSA for joint ventures?

[red rook] 17/12/2019 21:28

... cue the motley crew from LaLa Land ..:-)

[shanur90] 17/12/2019 18:43

That delayed 4mil trade is it a buy or sell

[richsmithsmith] 17/12/2019 18:41

https://youtu.be/Rgcd-dhisQU

[tim_the_trout2] 17/12/2019 17:16

excellent post rob

Thanks
TTT

[mam fach] 17/12/2019 14:36

Just what we thought.
Price being held back and placing coming.
Hoping we'll see 2p soon.
Soon know.

[enter] 17/12/2019 13:36

December 2018 just over 500m shares in issue.

If latest shares and warrants are exercised nearly 1.5bn shares in issue.

Three times as many shares means the target price for the share price is 1/3 of what it would have been. This is the crazy kind of dilution we often see on AIM and robs shareholders of their reward.

While Kefi shareholders are mugged ANS continues to sit on the cash.

[scotty1] 17/12/2019 13:33

TW comment on Kefi need a subscription to hear,Kefi at 13.38 mins in

[smackeraim] 17/12/2019 13:27

Indeed. Add

[topicel] 17/12/2019 10:08

LLB - that has to be the conclusion.

There have been other occasions too that shares have been used in place of cash payments and no doubt at every juncture the recipients felt it was a good idea and 'only a matter of time' before they were convertible at a profit.

Lycopodium in particular have been taking shares, and they are building the blooming mine, so they are in deep, real deep, if they have taken more too as part of their current project preparation work. I do wish Harry was clearer on all of this.

Ultimately it is an ultimatum as I said before. We have spelt it out clearly to ANS this is the timetable, agreements signed this month and monies by January 31st latest. Although that exact date is not specified. Or Kefi walks away and the locals will be banging at the doors of the Oromia politicians - and that won't be pleasant.

The decks are cleared, the payments in shares are the confirmation that everyone is on board and tied-in. ANS need to show their faith with an immediate deposit - are those head honchos with $3m or so for themselves not able to take the plunge? You would think so...

Topicel

[shanur90] 17/12/2019 10:06

People who thought there maybe one are now loading up as its out there way. 1st tranche of money coming in

[shanur90] 17/12/2019 10:05

Hardly a discount. Just need these wannabe shorters to jog on with their 5percent. Scumbags didn't get much of a drop talking about getting bankrupt amd what not lol more chance of your short spreadbet making you bankrupt

[shanur90] 17/12/2019 10:03

Warrants at 2p expires in April so they are positive they can get to 2p by then it will be a breeze

[shanur90] 17/12/2019 10:02

Debt paid off today so positive news. Hardly a discount on placing. Clean slate

[robjm66] 17/12/2019 10:02

Sorry Neilng the person typing this all in for me as I am in a straight jacket has refused to uptick your post :-)



Ok positives and negatives

Negative placing to raise 1.9 million bad but… “Following the Placing, all drawn funds under the Company’s existing convertible financing arrangements will have been repaid. The Company confirms that following the issue of the Placing Shares the £3.5 million undrawn balance under these outstanding facilities will be cancelled.” So at best they do not expect to need that £3.5. million as they have a bigger working capital facility for the project or at worst expect to have it replaced some way down the line by a much better deal at a much better share price.

Doubt Kefi would bin this facility unless they are very very sure things are on track.

Ignoring all the usual kefi expects stuff we have all heard before Ditto all the following “The Company is pleased to announce that some of these subscription proceeds have already been deployed by the Ethiopian Government in order to construct a new road of 11 km from the main highway to the Tulu Kapi Project site.”

“and those parties who have agreed to receive shares as remuneration for their services.”

“Oromia Region Vice President Dr Girma Amente advised: “We consider the Tulu Kapi Gold Mine as a top priority and also a model for the Oromia mining sector, with modern standards for social and environmental aspects and a true public-private partnership including maximum community participation in the Project.” (Election next year)

“KEFI is delighted to confirm that the Ethiopian Ministry of Mines has now registered the Company’s application for regional exploration licences over an area of 1200 km2,”

“Following this award Ethiopian exploration will restart during 2020 and will be funded by a modest part of the Project equity subscriptions outlined above.”

“99,580,400 ordinary shares which the Company has agreed to issue to Project contractors”

“Each Warrant will entitle the holder to subscribe for one new KEFI ordinary share at a price of 2 pence per share and must be exercised by 30 April 2020 (following which unexercised Warrants will lapse and be cancelled).”

This last maybe biggest indication that things will go ahead, I am betting that it will be a shareprice well over 2 pence and drinks all round for the for the warrent holders well before 30th of april.

[unionhall] 17/12/2019 09:59

Perhaps creditors know the company has not got the money. If they insisted on getting cash the company would be bankrupt and liquidated and they would get nothing.

[laurence llewelyn binliner] 17/12/2019 09:56

If creditors see payment in shares as better than having the cash now, they can see long term benefits, and would not choose these if they did not see the company progressing and turning into a producer, they see the multi-bag upside.. :o)

[scrappycat] 17/12/2019 09:54

Well, given the RNS, it seems to me that TK is certain to progress to fruition. Harry and the board are surely in the position of ensuring this, and much better placed than any of the posters here who think they know better. It is so easy to be critical, when one bears no responsibility, and they do this without any knowledge of the real situation facing the company.

[mark10101] 17/12/2019 09:52

I have endured these types of placings before and the results were some of my best performances. LGO was a prime example, lost a court case and did a placing, crashed share price all just before everyone was expecting transformational news. I wrote off my holding as was newish to investing only to see it go up 10 fold in lest than 6 months.

[neilng] 17/12/2019 09:47

rob

You're not crazy.

[robjm66] 17/12/2019 09:31

Call me crazy but topped up hopefully for the last time.