Kefi Gold And Copper Share Discussion Threads

[sweetwaters] 22/3/2020 13:56

1deedee, if you want the project delayed, it's a reason to delay. If you want the project to proceed with a sense of urgency, it's a reason to proceed. All this stuff is smoke and mirrors to what's really going on.

Harry's 'managed' and 'negotiated' the company to this position. Kefi lost 6 months because a spade was stolen. Ie that security incident was trumped up far larger than it needed to be based on what we were informed BUT the 'facilities' should not have been at that level vulnerability in the first place.

Kefi plc should be looking at eliminating cost and ways to raise funds, whilst the TKGM Amateur show rolls along. Sell interest in Jibal? Sell % in Hawaih? Raising equity at plc level at these share price levels would be a disgrace, given the annoucements in late 2019 and earlier this year and slap in the face to long standing current shareholders. First ANS funds should have been received based on the expectations they set through those announcements.

Kefi (HA, the FD, Board?), do not seem to feel the pressure to avoid dilution, maybe its they that see it in their interest to drag it out? I can't quite believe that myself but yet they don't demonstrate a total conviction and pressure to avoiding dilution.

[marnewton] 22/3/2020 12:18

And here's Dominic Frisby:

"As regular readers will know, when it comes to gold and silver miners, I’m sceptical. I know too much about what goes on behind the scenes. The same goes for silver itself. I see the potential, but I know how it disappoints. But when these things move, they really can move. And after so many years of disappointment, the stage is getting set for a move."

hxxps://moneyweek.com/investments/commodities/gold/600998/extraordinary-times-buy-gold-buy-silver

[marnewton] 22/3/2020 12:13

Worth a listen.

The whole thing, if you have the time - who hasn't? Otherwise, gold and gold miners get a mention from 18 minutes in. Around 24 minutes they (Merryn Somerset Webb and John Stepek) are tentative buyers of gold mines.

In such troubling times 'tentative' rates as a 'strong buy' in my book!

Would that we had a gold mine:(

Perhaps ANS should have a listen?

M

hxxps://moneyweek.com/economy/global-economy/600999/the-moneyweek-podcast-the-end-of-capitalism?

[1deedee] 22/3/2020 12:03

Just heard that Ethiopia are thinking of postponing the elections I don't know how this will affect us could it drag on longer or will it speed up the process

[sweetwaters] 22/3/2020 11:34

If Ethiopia, ANS and Kefi had any remote sense of timing, this is it. If there is a will to do it, politicians and beaucrates can move mountains in hours and days. It would get done - simple.

Failure to do so at this moment indicates all parties are not aligned.

Someone with enough control of the critical path doesn't want it to proceed...listen not to their words, their actions or lack thereof are showing their real intent.

[bejubiant] 21/3/2020 23:02

There will very quickly now come a time when Sovereign Governments have the Gold epiphany. The one where they finally realise the future of holding paper is not great. When this happens in Ethiopia (and to a lesser extent in Saudi Arabia) then there will be a huge and urgent drive towards Gold production as soon as physically possible.
Personally, I would not want to be in other equities going forward, I would be in Gold as a physical asset, or invested in a business which can assist Sovereign States with amassing gold as an urgent priority.
GLA

[taxlosstone] 21/3/2020 13:08

More likely to hit ANS's filing cabinet containing their cheque book. :-(

[digger2779] 21/3/2020 12:51

rob - one will probably hit TK full on and save all that digging :)

[robjm66] 21/3/2020 12:18

hxxps://www.news18.com/news/tech/four-new-asteroids-are-approaching-earth-this-weekend-says-nasa-2544259.html

[gdavies2] 20/3/2020 22:19

I blame this virus on all those who asked what excuse Harold could come up with for the next delay. He has never ending powers! ;)

[thedickster] 20/3/2020 14:56

The Sage speaks! LOL

[riotinted_specs] 20/3/2020 14:25

All this fuss, best just to sit on your hands and stop whinging:The mine will go forward, that we knowthe corona virus will be tackled, the markets will recover, investors will look for more discernable value versus highly speculative exploration shares. Kefi offers thatEthiopia do need gold given their inflationary currency,Current market cap is less than that of the dozen houses on my small street.TULU KAPI is still earmarked to be the Ethiopia's largest export revenue generator Great time to invest!

[goatherd] 20/3/2020 12:49

ham1

The point is that Ethiopia badly needs foreign exchange - which TK will supply.

They want to develop their mining industry, and, to this end, have asked KEFI to set up a mining training scheme for Ethiopians. And the Government, or so we are told, has started their investments.

Given that the people who will be providing the finance (probably!) are prominent Ethiopian businessmen I think it is inconceivable that they will not comply with the Government's wishes.

Of course, being Africa, the "manana" approach is even more casual than it implies.

[ham1] 20/3/2020 12:13

@Jaylett

...hmmm "how they treat a high profile, hugely important project"

Not sure that's so important. Have you ever heard about Majors knocking Kefi doors to JV Tulu Kapi? Personally I prefer to have a mining partner (know-how & money) for Kefi, and not an African Government. But it seems they weren't so interested.
How many gold projects were developed since 2013 in Africa? even in more complicated and riskier countries
Maybe TK is not so high profile?
H

[divmad] 20/3/2020 10:53

Maybe the notary has disappeared.

[pjj71] 20/3/2020 10:05

The ANS money remains firmly in their wallets.. as it has been for the last few years (despite mumblings from Harry that they will pay up).. unfortunately covid will provide yet another period of reviews and reviews... the carrot and the donkey is the best analogy of the mess here...

[shortarm] 19/3/2020 18:30

I'm kinda confused why you're here?Seriously!?

[digger2779] 19/3/2020 11:51

taxlosstone - my post was a bit tongue in cheek. The straw that is being clutched is slowly going down the plug hole.
Think Harry was banking on it happening so he could raise some cash with the 2p warrants. Or it could've been another smokescreen?

[digger2779] 19/3/2020 11:04

I spotted those trades yesterday and thought it was someone doing a rollover at the bottom end.
He must be some twisted individual teasing us with an RNSable event knowing full well we are waiting for our good friends in ANS lol.