Kefi Gold And Copper Share Discussion Threads

[gooner1886] 28/1/2020 18:24

Ban this idiot

[oilisgold] 28/1/2020 18:23

Say RNS comes tomarrow. Current price 1.49p. Open8ng price at 8.05 am will be 1.90plus to 2p plus. Its how it works in AIM. You get 100% plus days as a norm.

[scrappycat] 28/1/2020 18:23

Dreamer. IMHO , more likely to be 8p than 0.8p.

[oilisgold] 28/1/2020 18:21

Kan, you are spot on. ANS have confirmed and are no mugs, they know the stakes here. Its just a matter of time before Money is with kefi. Its only the short term.traders that bought in for the spike are nervous and doubtful. To me and mist others, we know money is coming. Being out in this share is out of question. I know a lot if traders and investors are currently on sidelines just awaiting the funds RNS to pile in. It could be tomarrow , we just dont now. All i know is share price currently will seem like a long distance bargain. Just enjoy these days. Volume will be immense and as most of you know, on funds RNS you will only be able to buy after Auction and looking at minimum plus 40 to 50 % premium. Best to be in then out.

[thehitman1] 28/1/2020 18:15

May drop back to 0.8 again.

[whatnow1] 28/1/2020 16:40

I think HAA had 14m shares previously cost the best part of a £1m and recently added another 11m in the placing.
So if this falls through he stands to lose a serious amount of money.
dyor

[sicilian_kan] 28/1/2020 16:22

All these people are willing to put money in having spent years dotting Is and crossing Ts. Yet still there are moaners here.

The upside is that when the news confining funds comes no one can say it is priced in given the doubting, bashing and general malevolence on the boards. I would expect a big spike up.

[sicilian_kan] 28/1/2020 16:17

Simple answer. Because the Ethiopian government plus high profile, high net worth and politically connected Ethiopians will have skin in the game.

[chopper harris1] 28/1/2020 16:17

What is it with you? I'm talking about KEFI's ability to secure funding, regardless of the source(s). As regards "banks"...we're not exactly talking about Coutts but Ethiopian/African ones.

Look, I'll tell you where I stand on KEFI: I currently hold 800k shares at an average which is much lower than it used to be but still needs a decent rise on the share price from current levels to get anywhere close to being in profit. And I don't give a toss if other posters believe that or not.

My holding under Saint Harry's stewardship has undergone a 1 for 17 consolidation, which was accompanied at the time with a juicy bout of dilution but with the "sweetener" that the number of shares in issue now looked much less "confetti-like" and "basket case-like" than they had previously done.

In the ensuing period my holding has undergone very regular bouts of more dilution which now make the number of shares in issue look much more "confetti-like" and "basket case-like" than they had done at the time of the earlier consolidation.

The ensuing period also saw the TK project ball being kicked further and further down the road as one stated deadline after another was missed. And we are just a few days away from another being missed.....or are we?????

[scrappycat] 28/1/2020 16:09

Some decent buys going through, but no response in the share price. Mates/IIs buying? We might be very close.

[shortarm] 28/1/2020 15:01

Hehe, ooh.So you're comparing ANS with banks? Ok.

[scrappycat] 28/1/2020 14:35

I am guessing, but it may have been agreed between the ANS and the EG, that the funding should not commence until the work, on the essential part of the infrastructure by the EG, is complete. This would ensure that the funding money is not used by Kefi as working capital (and for brown envelopes??), pre commencement of actual construction, but that Kefi have to take care of that themselves. Makes sense to me, but what do I know.

[shortarm] 28/1/2020 14:26

You weren't making a point though!? You were just being a chopper! Again!

[chopper harris1] 28/1/2020 14:06

No, I hadn't forgot but not the point I was making. Hasn't the ANS funding been "already agreed" for what seems an eternity and still no confirmation of it in KEFI's bank account?

Let's see how "already agreed" the extra funding really is when we get closer to the time to needing it.

[taxlosstone] 28/1/2020 13:57

Dear ANS.
Please excuse this unsolicited open letter. Firstly I want to thank you for showing confidence in the Tulu Kapi development in August 2018. So much confidence in fact that instead of the planned syndication of the loan to your banks' clients, you decided that you would finance the loan in-house with yourselves as the Principals. I would then like to thank you for being so professional & just such good guys to do business with. I know this because Kefi's boss, who I affectionately call Harry, has told us shareholders that. Such good guys in fact that Kefi decided to allow you to change the terms of the loan repeatedly & even added in a built-in money-back guarantee. Now about that money. I was just wondering if after 17 months since the original agreement, whether there was any chance that you might just pay over the first tranche. I'm sorry to have to mention the sordid matter of the cash. I may be acting prematurely, it's not as if we're strapped for cash or anything. If you'd like to discuss this matter with me further, you can email me on [e-mail] ;-)

[shortarm] 28/1/2020 13:23

The already agreed loan....But then you already knew that......Unless you forgot?

[jaylett] 28/1/2020 11:14

At the risk of boring even myself, I again ask the same question; why would ANS return the signed subscription agreements, binding themselves legally to the project and its funding, if they didn't intend to settle the agreement with physical cash? Can someone name a single upside to them if they don't intend to actually pay up? Buying some time is the only semi-logical explanation, however they were already doing that anyway and could have continued to stall on returning the agreements if that was the plan.

Taking it to the next stage only make sense in a scenario where they intend to fund the project, and not doing so would be highly damaging both in terms of reputation and potentially legally (not to mention the loss of future returns). That is why I firmly believe that they will.

[estseon] 28/1/2020 11:11

taxloss

I don't think that the market is sceptical as such: there will be potential investors waiting to join the party when the door is finally flung open. They will or may make less profit as they buy into a rising market but they will make a multiple of what we LTH's will make (proportionately) and they will make it within a much shorter time frame and expose themselves to far less risk. So waiting for the funding money to come through is quite a rewarding strategy but it doesn't mean that they are sceptical.

[robjm66] 28/1/2020 10:49

Sure everyone could point to reasons why market is sceptical, market will be sceptical right up to the moment it is not.

[taxlosstone] 28/1/2020 10:23

I think that most holders (including me) believe that the ANS money will arrive, the project will move to production & Kefi will make shed-loads of dosh. However, even at this relatively late stage of the working capital funding's arrival, the market either still doesn't think that the ANS money will come in or that Kefi won't benefit even if it does. Mind you, the market hasn't believed for many years that Kefi would benefit. Any suggestions why the market's so sceptical?

[bejubiant] 28/1/2020 10:19

When all is said and done, happiness is “the difference between expectation & realisation”
Put very simply, and in a business context.. it is better to manage the expectations of co investors (decent, ordinary folk) by under promising and over delivering.
Whilst I think it unlikely (at some point) that this mine will not get the go ahead.. it is important to single out ANS as a complete bunch of spineless muppets who have ‘time and time again’ over promised and under delivered.
Very clearly proven to be a sh1t shower, devoid of vision, courage and grit.. not to mention a lack of understanding and empathy for fellow investors.

[robjm66] 28/1/2020 09:52

Digger elections this year in Ethiopia and the politicians have already declared the mine is going ahead a mine which will be in the leaders home region.

If Ethiopian politics is anything like the UK politics not only will the mine go ahead with Ethiopian partners, but as good news the decision will be announced at least three different times.