Kefi Gold And Copper Share Discussion Threads

[goatherd] 09/4/2020 12:03

What Kefi actually posted!:-

"Various questions regarding KEFI's shareholder communications
Q: What was the purpose of the Company’s webinar on 6 March:

Quarterly webinars have been conducted for some years. They are not a regulatory requirement and aim to provide colour on what is already reported.

Q: Can the company get more active on social media and twitter in particular?

We encourage suggestions for improvement. Please note that we prohibit participation by personnel on social media and we do not generally post pictures of personnel and activities for security reasons.

Q: Why don’t you give hard deadlines for each Project milestone or procedure?

We are trail blazing in new jurisdictions for mining and obviously do not control the Government who are doing many things for the first time.

Q: There was a lot of share speculation and trading recently. That applies extra responsibility on KEFI to report promptly, do you not agree?

Continuous disclosure obligations apply to anything that is material regardless of share trading volumes.

Please note that there is no regulatory obligation to have a Q&A information line as we have on the KEFI website, nor for quarterly reports. At the same time we kindly point out that it is not appropriate to answer every question received.

Q: How many shareholders does KEFI have and how do shareholders vote?

We currently have 1,080 registered shareholders, some of whom are nominees for many more underlying beneficial owners.

Voting procedures are in accordance with the Articles of Association, administered by MSP Secretaries and reported around the Shareholder Meetings, the next of which is scheduled for June this year.

The voting at the last 8 Shareholder Meetings has been “Against”; as to between 0.04% and 2.6% of votes. The remainder have been “For”, “At Chairman’s Discretion” or “AbstainedR21;, typically in that order.

Posted 08 April 2020"

[robjm66] 09/4/2020 11:02

Well like having a Q & A section but could have done without the last section really. Could have answered the questions for kefi better myself.

Q: What was the purpose of the Company’s webinar on 6 March:

Whats really being asked is why it was such a car crash kefi and Harry stuffed up basically.

Q: Can the company get more active on social media and twitter in particular?

Can you imagine harry being on social media all the time as a influencer see previous answer.

Q: Why don’t you give hard deadlines for each Project milestone or procedure?

If we gave hard deadlines we might have to meet them.

Q: There was a lot of share speculation and trading recently. That applies extra responsibility on KEFI to report promptly, do you not agree?

No.

Q: How many shareholders does KEFI have and how do shareholders vote?

There is a army of shareholders that have supported Kefi. At the last shareholder meeting votes against were only 0.04 and 2.6 usually only North Korea can boast that kind of voting record (with a three percent margin of error). Next shareholder meeting this June come and ask some questions face to face if you think you are hard enough.

See this doing PR is money for old rope anyone can do it.

[jaylett] 09/4/2020 07:11

That's very comforting.

Meanwhile in the real world the company continue to completely ignore questions about ANS or their first tranche of imaginary money, while also not announcing any measures to cut costs or reduce staffing levels.

I suppose those oh-so-valuable Q&A answers won't write themselves.

[skynet2000] 09/4/2020 01:08

Expecting share price rise today

[the charmer] 08/4/2020 16:35

Very sensible of the Ethiopian Government.

Perhaps the spreadex has been sold?

[robjm66] 08/4/2020 16:29

It’s a state of medical emergency really “Ethiopia has recorded 52 cases of COVID-19“ so way better off than most countries and this gives then the option to nip any political trouble in the bud.

The alternative to this would for them would to be to sit back and just cross their fingers that the virus would go away.

[cybaajak] 08/4/2020 14:24

RNS tomorrow. 'Loan Facility' same as September to November 2019. A current shareholder has extended a financial facility to Kefi which involves him forward selling 25m+ shares and getting back 30+m shares plus expenses...

You read it here first.

Also. Another SoE. Kefi surely can't catch a break can it.

[digger2779] 08/4/2020 14:19

Who cooks up these questions? Just answer the one we all want to know instead of skirting around the elephant in the room.

[jon9911] 08/4/2020 13:53

State of emergency declared in ethiopia

[bostanli] 08/4/2020 13:48

Q & A update. stay safe everyone

Q: What was the purpose of the Company’s webinar on 6 March:

Quarterly webinars have been conducted for some years. They are not a regulatory requirement and aim to provide colour on what is already reported.

Q: Can the company get more active on social media and twitter in particular?

We encourage suggestions for improvement. Please note that we prohibit participation by personnel on social media and we do not generally post pictures of personnel and activities for security reasons.

Q: Why don’t you give hard deadlines for each Project milestone or procedure?

We are trail blazing in new jurisdictions for mining and obviously do not control the Government who are doing many things for the first time.

Q: There was a lot of share speculation and trading recently. That applies extra responsibility on KEFI to report promptly, do you not agree?

Continuous disclosure obligations apply to anything that is material regardless of share trading volumes.

Please note that there is no regulatory obligation to have a Q&A information line as we have on the KEFI website, nor for quarterly reports. At the same time we kindly point out that it is not appropriate to answer every question received.

Q: How many shareholders does KEFI have and how do shareholders vote?

We currently have 1,080 registered shareholders, some of whom are nominees for many more underlying beneficial owners.

Voting procedures are in accordance with the Articles of Association, administered by MSP Secretaries and reported around the Shareholder Meetings, the next of which is scheduled for June this year.

The voting at the last 8 Shareholder Meetings has been “Against”; as to between 0.04% and 2.6% of votes. The remainder have been “For”, “At Chairman’s Discretion” or “AbstainedR21;, typically in that order.

Posted 08 April 2020

[highly geared] 08/4/2020 13:13

Sweet waters ; spot on posts.

[cybaajak] 08/4/2020 12:41

Forward selling.. ? 3.6 m shares sold between 12:05 and 12:20. Round figures mainly 250k lumps 1 x 600k 1 x 300k

Marked here for comparison at 3pm

No pen available. I'll delete later.

13:40. Another 4 M shares in 250k blocks between 13:10 and 13:35

[peverill] 08/4/2020 12:37

If ANS aren't paying up,get rid,if this mine has to go ahead,I am sure there will be plenty of takers.On the other hand,is this mine all it is cracked up to be,hence ANS are hesitant to cough up,and Kefi are chasing a pipe dream.

[matthew stone] 08/4/2020 11:20

I love your optimism and hope I am wrong and you are right! Actual, tangible support from the EG at this point would I agree totally change sentiment here, and put the ball firmly back in ANS' court.

Maybe KEFI are aware something like this is imminent - it would provide another, more palatable reason as to why they haven't rushed a placing through already, I guess.

[sweetwaters] 08/4/2020 09:40

Oh please, don't play into their hands. Placing for funds for a couple of months is a recipe for disaster, they've done death spiral after death spiral already. The company will be strung along even further, they need to get in control of their business - period.

Slash costs, reduce the BoD, furlough staff, negotiate continued Saudi research of Hawaih borne by Artar for reduced interest in Hawaih or suspend research, Exec team salary reduction for cash bonus on business development milestones.

Mothball TK or someone else loans TKGM funds for operating costs. I don't want it mothballed and stalled but 'want' doesn't get. Mothball it, walk away and change the flippen dynamics.

[matthew stone] 08/4/2020 09:01

I've been expecting a placing for the last month or so; can't see how it can be avoided now, unfortunately. Despite the recent improvement in the sp, I can't see it being at much above 0.5p, so just hoping it's only to cover a month or two of working capital. I guess the amount raised will also give us a clue as to when they now expect the ANS money to arrive - it's pretty clear that politely asking the co this gets no response.

Of course, the silence could indicate they are having trouble getting any of sort of placing away, but I'm trying not to think about that....

[taxlosstone] 08/4/2020 08:47

How many times a day do you check for an RNS? With the current lock-in, I'm now hitting daily Personal Bests. I'm a little disappointed but not at all surprised that my polite (by my standards anyway) request for info regarding ANS's first payment has not yet been addressed on the Q&A page. Perhaps they're incredibly busy or maybe they're in the middle of an extremely long answer. :-(

I'm now more convinced than ever that the next meaningful announcement will be regarding a cash raise. If that's the case, what a time to be trying to raise funds! We've been soundly rogered in the past so the terms in the current environment would probably be as ugly as it gets. Brace! Brace!