Kefi Gold And Copper Share Discussion Threads

[jaylett] 14/4/2020 18:39

If he somehow does get it north of 2p, I'm gone. My b/e is now just a touch over 2p after my last round of averaging down and if I can get that I am done here. It's a hell of a long journey just to get out what I put in, but in the circumstances I'd view that as a lucky escape.

I've simply lost all faith in the management here and want out. If it spikes to 1.75p I might even take the loss and lick my wounds. I've had enough and the lack of responses to my numerous emails on ANS is the final nail in the coffin.

[estseon] 14/4/2020 15:32

Well, at least it can be said that HAA has a financial incentive to find something to encourage the price above 2p by the end of the month.

It's a good opportunity to do a "Bed & ISA". One day I might even be grateful for having had the opportunity in each of the last 4 years to hide 70% of my holding in my ISA and to accumulate a pile of losses to cover the gains on the residual.

I can't say that I am feeling particularly grateful at the present moment.

[chopper harris1] 14/4/2020 13:51

I honestly believe that the management haven't a clue what to do next, hence the deafening silence.

They must be desperately hoping that ANS come up with some dosh in the next fortnight, with the ensuing positive sentiment possibly lifting the share price to 2p so that they can exercise their warrants and place some much needed cash in the coffers.

Unfortunately, there is about as much chance of that happening as there is of Harry and his colleagues reducing their salaries. The only alternative is another placing. Harry knows it's practically inevitable, fearing yet more shareholder discontent, and most of the rest of us know it's coming. It's going to be a long two weeks.

[peverill] 14/4/2020 13:24

When are these going to wake up and smell the coffee.!!

[chopper harris1] 14/4/2020 10:06

Yes, another dilutive placing.

[robjm66] 14/4/2020 10:00

Kefi could have a cunning plan.

[jaylett] 14/4/2020 09:36

General Melchett:

If nothing else works, a total pig-headed unwillingness to look facts in the face will see us through.

[shortarm] 14/4/2020 08:51

Evidence? Who mentioned evidence?I just 'think' they will proceed! Yes, they're not the fastest movers for sure!

[jaylett] 14/4/2020 08:49

I'd love to know what evidence "thinking they will" is based on. Perhaps it's the missed March update, deafening silence and ignoring of emails by the company that's convinced you?

[robjm66] 13/4/2020 20:19

Funny if you said gold would get this high a while back people would call the men in white coats or think you were a conspiracy theorist.. it a bit like thinking ANS will pay up (typed with one hand free from the straight jacket).

[shortarm] 13/4/2020 18:11

I think they will Jaylett......

[neilng] 13/4/2020 09:52

Gold – the 'currency of last resort' – is on the risehttps://www.telegraph.co.uk/business/2020/04/13/gold-currency-last-resort-rise/?WT.mc_id=tmgliveapp_androidshare_AvKSHNGwYjBm

[bejubiant] 11/4/2020 23:10

The Ethiopian Gov will be having a big sense of humour failure with ANS. This is a very small cheque and not worthy of the ongoing amateur dance performance they have turned this process into. Simply buy the shares you subscribed to or find someone else’s chain to pull (polite version).
There will be a deadline and we will finally get some very badly needed certainty. Zero point getting in the starting blocks and crouching there looking at the track ahead forever. At some point there will be a need to stand up and go forward. It’s the only option...
Whilst I am totally fed up with the lack of backbone and vision from ANS, I do sense that the 2H of 2020 will deliver some project commencement in Ethiopia and some solid/strong data in Saudi, which in turn will galvanise the need for action at pace.
The combination of COVID & ANS has been toxic for getting anything done in H1 frankly. One will cease to feature and the other will either pull its finger out sharpish, or also cease to feature.
Full project close and a properly qualified Saudi asset will re-rate the share price to 5-10p + IMHO. Patience will reward.

[estseon] 09/4/2020 19:16

Keep safe & well and best wishes to all fellow sufferers.

[richsmithsmith] 09/4/2020 17:39

Have a great Easter everyone. Stay safe.

[digger2779] 09/4/2020 16:30

POG getting closer to 1700...now 1680 and we are no nearer to prising open that wallet.

[taxlosstone] 09/4/2020 14:13

After many years of being a Nyota/Kefi shareholder & having never sold a single Kefi share, I feel a strange calmness today. Despite having more invested in Kefi than I've ever had invested in any share & have been & still am effectively locked in because any sale proceeds are hardly worth having, I'm relaxed. Even though timetables for company making announcements have been made many times & subsequently & regularly missed, I'm at peace with the World. Like in the book 1984, Winston finally comes to terms with the status quo (mind you [spoiler alert] he immediately gets a bullet in the head)!! I think that this condition has been brought on by a combination of stir crazy-ness, feeling the pain of others in this awful crisis (good luck, Tops) & finally accepting that I've backed a perennial loser.

This feeling may well pass but at the moment it's like the weight has lifted from me.

[scrappycat] 09/4/2020 13:32

It occurred to me that there is a good way of describing the situation. There is a marriage, but the promised dowry has yet to be paid.

[glenalmond] 09/4/2020 13:00

An interesting fourteen minute's worth on the WHO's chief Tedros Adhanom's time in the Ethiopian Gov't.

[robjm66] 09/4/2020 12:27

ANS paying the money over would have a massive effect on the share price and confidence in the company. Kefi keep going on about full closing but once everyone has skin in the game people will have more confidence about that as well.

[scrappycat] 09/4/2020 12:12

For my money, Kefi have no firm information on when they will receive the funding money, but still seem convinced that they will. In all likelihood, IMO, this is the case, meaning they can provide no firm information on dates. If they could, they would be obliged to inform the market by the Regulations. Meanwhile, the company will require some money for care and maintenance and, whilst they, and we, wait, I certainly think the Board should decline to draw any salary.

The difficulty as I see it is that, even if they received the initial funding money today, the company could do little with it whilst the Lockdown period is in force. The ANS will be aware of this, and will not want that funding money used to simply pay the Board's large salary bill. The funding may be described as 'unconditional' but it seems the time period to service that funding certainly is not.

Just my thoughts.