Kefi Gold And Copper Share Discussion Threads

[spartikas] 25/3/2020 11:15

So what? All that shows is what a black hole this entire project and indeed country is.


@Jaylett - maybe you should dig a black hole in the garden....or get a basic understanding of how exploration companies work.

Tulu Kapi’s Ore Reserve estimate totals 15.4 million tonnes at 2.12g/t gold, containing 1.05 million ounces (all in the Probable category). 1.62M oz in the "indicated" category..........

Nyota spent 40-60M on getting to this stage.....it's not a black hole that you can dig in your back garden.

[marnewton] 25/3/2020 11:09

hxxps://moneyweek.com/investments/commodities/gold/601037/gold-is-on-a-wild-ride-so-should-you-be-buying?

[taxlosstone] 24/3/2020 21:05

Am I correct in thinking that it is the project finance, the wodge replacing Ye Olde Bond, that has been delayed by the deferment of the election & the RNS money is still expected in March? If so, how exciting. Just days to go, unless, unless........ :-(

[topicel] 24/3/2020 20:39

Gone short now RTS?

You certainly put the bovver boots in there. Two paper rounds, eh?

Topicel

[riotinted_specs] 24/3/2020 20:20

Ethiopia is a very poor nation that depends on the western world for capital and direction. They frighten easily, lack backbone and even the so called powerful elites are equal to that of an average middle class westerner. Prime Minister Abiy Amed is a follower not a leader. Minister of Mines Samuel Urkato also appears particularly weak. Combined they lack power, courage and gumption. As for ANS, I thinking it is well recognised that they lack character and certainly business acumen and most have about as much experience as I did when I had two paper rounds at 11 years old. Herein lies the difference between the developed world and the impoverished and frightened, uneducated and inexperienced developing world....and as a point of fact which continent is at the bottom of that pile but Africa.

[sweetwaters] 24/3/2020 17:16

don't bite Jaylett, don't bite.

[chopper harris1] 24/3/2020 17:15

I'm guessing that jaylett is basing most of his zeros on a distinct lack of photographic evidence of any meaningful infrastructure having been initiated at the site.

Certainly no locals have been relocated, over three years since that part of the 'project' was meant to have started.

[digger2779] 24/3/2020 17:01

Looks like there's no stopping the POG...one could say "it's unstoppable". Maybe Harry was alluding to that? Who knows?

[scrappycat] 24/3/2020 16:55

jaylett,

Quite a collection of zeros you have there. Just out of curiosity, from where did you derive such information? Personally, I have never been anywhere in Ethiopia, and there are few, if any, applicable photographs. You seemed very adamant, and this intrigued me. For all I know, you may be right, but please clarify your source.

[shortarm] 24/3/2020 16:52

So many zero's there!I believe you may be confusing some infrastructure for yourself :-)

[jaylett] 24/3/2020 16:36

So what? All that shows is what a black hole this entire project and indeed country is.

Total amount of actual Ethiopian hard currency put into the project as of now: zero.

Farmers moved: zero

Roads built: zero

Power lines built: zero

Other infrastructure built: zero

Someone please show me one thing that demonstrates that they actually want to build a gold mine? Because I am massively struggling here and I fear for the prospects of my remaining investment. We're being led a merry dance and TK has been a total disaster since the day HAA got us involved in it.

[spartikas] 24/3/2020 13:38

Market cap now 8.94M....Nyota spent 40-60M alone on drilling out Tulu Kapi.

[sweetwaters] 24/3/2020 13:37

The previous thread was "Kefi Minerals-2010 and into the Kingdom of Saudi Arabia", literally he's been pushing powerpoints, journalist interviews and attendance at international investor conferences for 10 YEARS. This was when global finance and markets were generally buoyant. Who thinks this is value for money?

Regardless of whether you think the Kefi Plc costs have been justified to-date (and I include the Board and Exec team), who thinks they are warranted at this level moving forwards? Don't you think it prudent to massively reduce Kefi Plc costs and reduce dilution?

There's been Oryx and Bondholders and Ethiopian Banks and... enough already, just mothball TK = reduce future costs = reduced dilution. Also stimulate the counter-parties to either take up the mantle or not. OR give ANS X% in TKGM for the 'honour' of taking the lead, project management position, whatever just eliminate Kefi plc costs. I suspect it's what someone in the foodchain wants, so give some % but completely take the pressure of Kefi for costs & sit back.

Go back the Saudi horse with a more robust finance AND majority partner in country that has a government that that has experience with mining and provides high levels of finance to support. (and sell interest in Jibal to Artar if possible to raise funds or as a means to reduce Kefi share of research costs of Hawaih. There's plenty more licenses to progress in due course)

[cybaajak] 24/3/2020 13:16

Thank you. Only...

Quote "CEO median total remuneration for AIM listed companies is £324,000 which is 30% higher than the equivalent figure for 2014. For FDs/CFOs, the median salary for the latest year is £208,000.
This figure marks an 18% increase from five years ago when the median salary was £175,500." Unquote

2014 and 5 years ago would indicate figures from 2019 ..

IF CEO's from 2019 are getting 324k (as an average) and Adams actually got 371k in 2018.. even without a payrise he's in the upper side for NON income generating Company.

Reading this paragraph from the Report it would indicate that the figures mentioned are from 2019. And Kefi hasn;t reported its financials from 2019 yet.. SO, extrapolating THESE figures Adams is even MORE overpaid than you try and explain.

[cybaajak] 24/3/2020 12:26

Just want to point out the fallacy in your remarks..

"whereas if he buys in placings the money goes direct to the company.

For the record
in 2018 he invested £174k in the company
in 2019 he invested £20k in the company
in 2020 he invested £148k in the company, so far.

If he spent that money in the market I do not think it would affect the price significantly, if at all."

He didn;t though did he. He CLAIMED shares as half wages THEN PRINTED the required amount of share certificates and DILUTED EVERYONE ELSE'S HOLDINGS BY THAT MANY. WELL FOR 2018 and 2020 he did. He held GM's and asked permission from all us gullible punters. The 20k in 2019 may have been a way of mollifying the plummeting share price from investor criticism.

[cybaajak] 24/3/2020 12:12

..a new historic low.

If he seeks finance now, without any buttress of KSA info or ANS funding, he'll have to do another consolidation.. I mean what business in its right mind will front up a wadge of cash for almost worthless paper ?

No/Yes ?

[goatherd] 24/3/2020 12:09

There seems to be a belief that Harry is overpaid. Perhaps so, perhaps not. But lets look at the facts (a novel approach on this BB!).

His total earnings for 2018 (last available year) was £371k.
The average for all AIM CEOs was £324k.


As for the suggestion that he should buy shares in the market, this would not benefit the company at all; whereas if he buys in placings the money goes direct to the company.

For the record
in 2018 he invested £174k in the company
in 2019 he invested £20k in the company
in 2020 he invested £148k in the company, so far.

If he spent that money in the market I do not think it would affect the price significantly, if at all.