Kefi Gold And Copper Share Discussion Threads

[robjm66] 19/12/2019 12:09

General meeting not AGM.

[cjm681] 19/12/2019 12:06

Haha! Australia! Excellent way to hide from angry shareholders who have been well-and-truly shafted! Harry has guilt written all over his face and he knows it.

[fingertrouble] 19/12/2019 12:02

Sydney Australia for AGM ... wtf, surely taking the pee!

[billthebank] 19/12/2019 12:00

Bleedin Nora What is going on here??? Really fed up with this share.Back in the bottom drawer!!!!

[robjm66] 19/12/2019 11:31

Red rook
"even IF those canny Ethiopians part with the first tranche, does anyone even know if Harry has in place a legally binding document that would compel them to cough up the rest of their contribution" Lol. Will not matter will it Red rook as you would have missed your low entry point you said you wanted to buy into Kefi.

Doubt even you will hang around then unless what you have said is total reindeer poo and you are just trying to short kefi when you can.

[taxlosstone] 19/12/2019 11:22

6th January in Sydney. That's nice & convenient. :-(

That day is Epiphany:
Epiphany: a moment of sudden and great revelation or realization
Not sure that I like the sound of that.

[red rook] 19/12/2019 11:17

... and don't take his word for it .... ask to see the document :-)

[red rook] 19/12/2019 11:15

... that would be a useful question to put to Harry at the meeting !

[red rook] 19/12/2019 11:14

... even IF those canny Ethiopians part with the first tranche, does anyone even know if Harry has in place a legally binding document that would compel them to cough up the rest of their contribution ... in a timely manner ... without more excuses or delays!

[digger2779] 19/12/2019 11:11

Are we all following the share price and going down under for the meeting?

[red rook] 19/12/2019 11:02

... the RNS uses the dreaded word 'EXPECTS'...! That is Harry's term for WTFDIK when the money will arrive :-)

... 'These agreements are EXPECTED to be duly executed ...'
... 'The Company EXPECTS the transfer of the first tranche of the ANS Mining funding..'

... I doubt the ANS money will arrive this month... I would not expect it to arrive until after the General Meeting to be held on 6 January 2020 ...'to grant the board authority to allot the Settlement Shares and the Remuneration Shares..'

... Those canny Ethiopians will want to make sure that Kefi shareholders are 'milked' again to de-risk the project further before they come in!

... BUT then its the Ethiopian Christmas Hols on the 7th Jan, so there will be a hold up there ... and then I'm sure another delay will be contrived after that!

[iamgreat1] 19/12/2019 10:59

Sub 1p soon

[richsmithsmith] 19/12/2019 10:45

Added today. The 10 days ANS need for sign off started last week. AGM on the 6th. Eth Christmas on the 7th. GLA

[divmad] 19/12/2019 10:31

If the share price goes down to 1p, will there be an RNS restarting the warrant exercise price lower, to give management their easily attainable free ride?

[jaylett] 19/12/2019 08:25

As we all know, this will slide back towards base camp until our good friends and partners in Ethiopia decide to open their wallets. I just hope that when they eventually do, there's something actually in them to give us.

[oilisgold] 19/12/2019 08:16

No volume at all this morning. Oh well.

[cjm681] 19/12/2019 08:04

@oilisgold - yup, sub-1p coming before 2020 that's for sure. Harry NEVER fails to disappoint and screw over small shareholders. The incompetence is bewildering.

[goatherd] 18/12/2019 19:47

That "but-its-all-in-the-details" in charmer's post only relates to whether or not Ethiopia is, or is not, the fastest growing country in the World.

The article concludes that it may or may not be the fastest, but it is certainly one of the fastest, and is growing at near 10% per year.

[the charmer] 18/12/2019 18:29

h tt ps://africacheck.org/reports/yes-ethiopia-the-fastest-growing-economy-globally-but-its-all-in-the-details/

[cjm681] 18/12/2019 16:56

@goatherd - I know you and I have had disagreements in the past, so it is a pleasant comfort to me that you agree with some of my points. I do, also, respect your points of view, even if some differ from mine. Your comments re. ANS constituents is very valid, my real problem (after 6 or so years of Kefi torment) is that I just don't rate nor trust Kefi management, and never feel as though they are being transparent enough. The fact that so many delays have occurred with ANS funding is very conspicuous. It's been let-down after let-down and if the BoD manage to pull this off I will be relieved but astonished. I am mildly optimistic that the rabbit will get pulled from the hat. But history prevents me from feeling anywhere near optimistic given the fact that Harry is at the helm.

[goatherd] 18/12/2019 16:27

cjm,

While I agree with much of what you say, I would draw your attention to the make up of ANS - in Kefy announcement


not the sort of people to have any difficulty in raising cash!

"ANS have also now nominated its appointees to the TKGM Board as per its right under the
Subscription Agreement of 28 September 2018. These are Ato Hailemelekot Teklegeorgis (former
Federal State Minister of Finance and Economic Cooperation and current chairman of a major
Ethiopian bank) and Ato Wondwossen Zeleke (long-standing natural resources senior executive in
Ethiopia and internationally). In addition ANS have nominated as special advisers to the TKGM Board
Ato Zafu Eyessuswork Zafu (former chairman of Ethiopian Chamber of Commerce and current
chairman of a major Ethiopian bank and insurance group) and Major General Alemshet Degife
(former head of the Ethiopian Air Force)."

[edgein] 18/12/2019 16:13

cjm,

Well not everybody. Sure there are no guarantees in business at any time, but you're talking about investors that have been in various sectors of the Ethiopian economy and are setting up ANS just to invest in mining. KEFI with by far the most advanced project in the country. Ethiopia has had double digit growth for the past years, there's no reason to suspect given that the gov admin issues have been resolved and the shareholder agreements been posted that they won't be willing or able to pay. Given the NAV and IRR of the project and recent meetings they're probably more than happy to do so. At least you do admit that the funds will finally arrive though. And to current investors (to some of them that's all that matters), that'll be a transformative step forward. That and continuous drilling in Eth and Saudi over the next couple of years while TK is under construction is all I care about. What KEFI did years ago doesn't make me any money so therefore I see that as an irrelevance.

Regards,
Ed.

[iamgreat1] 18/12/2019 15:28

Heading towards 1-1.15 area