Kefi Gold And Copper Share Discussion Threads

[sweetwaters] 24/3/2020 09:22

Rob, Kefi should walk away from TK and mean it, walk away and be 'delighted' to resume when all parties are ready. Without walking away, genuinely, Kefi will continue to be led up the garden path and us shareholders will continue to be led up that same path by Harry. If the parties involved wanted TKGM to proceed, it would have done so already - simples.

In the mean time cut costs.

I've an open mind to Saudi and Hawaih as Artar appear to be more than accommodating in covering Kefi's exploration cash contributions for a period. Looks like they mean business. Although instead of reducing % in all G&M maybe it would be better to reduce % in just Hawaih in the interests of the bigger picture. (NO DILUTION)

...and on the company front standby by for another great research update on Hawaih, such a shame that the team are doing that work in a situation where all good news is being used for ulterior motives. Great research news will be followed by a dilution notice of some sort...unless in that same notification they confirm 100% how Kefi Plc costs are covered, with no weasel words.

[topicel] 24/3/2020 09:19

Liquidation of gold seems to be slowing, for now perhaps, but as ever the only way EG and ANS can benefit is spend their own small amount of inconsequential Bhirr and get TK underway.

Heaven knows what is stopping them as the likely move on gold by 2022 is beyond comprehension in historical terms if the runes are right...and with the world shutting down, that seems to be the case.

How much Lyco and the rest can get done anyway is a mute point but the idea must be to get the show on the road. To wait is folly as there is risk everywhere regardless now...

Harry should tell them!

Topicel

[jaylett] 24/3/2020 09:09

Yes, payment by end of March was stated a while back, after they missed the end of the year, then then end of January, and then the mid February big meeting. The next deadline stated was "in March". It's worth about as much as the previously mentioned dates though, i.e. not very much at all.

In the current climate, with the world in chaos, anyone thinking that the wheels are going to suddenly turn in Ethiopia and £9m will emerge from someone's wallet has to be smoking crack. HAA and senior team should 100% be scaling back on salaries in the meantime; being diluted yet again to directly stick money in their pockets when pretty much nothing is happening would be an absolute disgrace.

[paleje] 24/3/2020 07:37

Lot of good companies announcing salary reductions in light of current conditions, Harry is already well overpaid compared to many of them. Example below from RNS this morning.

...Consequently, Tlou will be implementing significant cost reductions across the Company. This includes senior management: Anthony Gilby (Managing Director) will reduce to 50% of his currently contracted rate backdated to 1 January 2020 and then 25% from 1 April 2020. Colm Cloonan (Finance Director), Gabaake Gabaake (Executive Director) and Solomon Rowland (General Manager) will reduce to 50% of their currently contracted rates backdated to 1 January 2020. Contracted rates are as per the Company's 2019 annual report released on 27 August 2019. The unpaid amounts will not be accrued nor payable by the Company at a later date....

Take note Harry. It would go down well.

[topicel] 23/3/2020 21:52

Either way, I said both the above posts a fortnight ago, including Harry cutting his salary by half, seeing as he won't do the decent thing and invest it in shares to so ongoing belief in TK as we all do without his wage packet as compensation for inaction.

Even Tim Witherspoon has taken a 50% hit, among others I mentioned from US airlines to even Gary Neville and his free hotel rooms for NHS staff.

HAA likes to make out he communicates plenty but he never manages it when it matters most. Hibernation is what we've been doing for years anyhow it seems!

Btw, who said end of March was a deadline? It is after the elections, which may, or may not be, September...but I don't keep up much anymore.

Topicel

[robjm66] 23/3/2020 13:15

No do not lay anyone of now maybe they can join the queue for a government loan and employers paid by someone else.

[divmad] 23/3/2020 09:47

Surely these things don't ever happen.

[cybaajak] 23/3/2020 08:56

Remember 2018..

RNS for finance and Share Price climbs from 2p to 4.4p

THEN. The VERY SAME WEEK.

Dilution to the tune of 120 million shares AT the PRE-RISE price of 2.5p
AND a further 100 million shares split 50/50 with contractors and Directors of Kefi

15/06/2018 7:00am
UK Regulatory (RNS & others)

RNS Number : 4824R

KEFI Minerals plc

15 June 2018

15 June 2018 <---- Interesting read at the information there.

21 MONTHS AND WE ARE STILL WAITING...

[taxlosstone] 23/3/2020 08:43

I'm now fully expecting Covid 19 to be used as the excuse for ANS not paying (force majeure & all that). Harry will say what bad luck we've had along the way what with State of Emergencies, a robbery, moving elections, etc. In no way does this explain why it's taken over 19 months for ANS to pay over precisely NOTHING!!! It's like they've been waiting for an excuse. We should have had the working capital issue sorted many months ago & that's pretty much the only issue that they should have been treating as a priority. :-(

[divmad] 23/3/2020 07:24

What happens to the TK project if Kefi gets no more funding?

[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