Kefi Gold And Copper Share Discussion Threads

[texaschaser] 16/4/2020 15:25

this POS always makes me laugh. Plenty more fish in the sea. This is like finding a tadpole in a sewer.

[goatherd] 16/4/2020 15:03

Did they say it WOULD be received by the end of March, or that they "expected" payment by the end of March?

[goatherd] 16/4/2020 14:38

Actually I believe that the company is legally prohibited from answering that question Jaylett; though I do accept it would be better if it acknowledged questions, and even, perhaps, said why they could not answer.

[scrappycat] 16/4/2020 13:57

jaylett,

I suspect that the response to your enquiry is considered obvious to the company, and to most private investors. The company simply does not know the answer. If it did, it would be obliged by the Regulations to issue a RNS to verify the fact, since the information is undoubtedly price sensitive as far as the share price is concerned.

When they know the answer, so will we. Should the delay appear to continue indefinitely, the company may decide on an action to deal with the fact in a manner they deem appropriate, and necessary. They seem to believe the initial funding money will be provided. So do I. When, is the painful corundum.

All, of course, just my opinion.

[jaylett] 16/4/2020 13:23

I continue to fire off very polite and short emails to the company asking for a) confirmation that ANS did not pay in March and b) an update on the status of their payment and new expected receipt date, and they continue to ignore them entirely.

I cannot be the only one who is incandescent with rage at this point? How much longer can they keep this up for? It's mid-April!

[digger2779] 16/4/2020 12:36

What's been going on here for a number of years is also a criminal offence!

[goatherd] 16/4/2020 10:40

space_bob,

Did you know it is a criminal offense to give advice, unless you are qualified?

Are you?

Rotten advice too!

[robjm66] 16/4/2020 09:22

hxxps://www.sprottmoney.com/Blog/comex-search-seizure-craig-hemke-april-14-2020.html

[space_bob] 15/4/2020 15:21

Cut your losses however big they may be. Doubt the Kefi share price will ever be this high again before it goes under. Might be hard to crystallise your losses, but in the coming weeks and months there will be opportunities in the wider market to pick up reasonably strong companies which will easily increase in value by 5x - 10x over the next few years.
If you want a punt on miners I'd look at Centamin, Shanta, Horizonte or Central Asia Metals, but maybe wait a few weeks on the last two. I'm convinced Kefi is basically a scam.

[riotinted_specs] 15/4/2020 12:59

Quite right Goatie, I agree with you on this point. Harry pointed out some weeks ago that the notary had been signed and that they were nearly complete the next and important step. I suspect things are beavering away in the background and am crossing fingers for some imminent good news

[goatherd] 15/4/2020 12:52

Of course there are such circumstances. But I see no point in knocking a share I own when I think the directors are trying their hardest.

[sweetwaters] 15/4/2020 12:21

goat, I suppose you've used the word 'shortly' already so worth trying a new word 'soon'.

An opinion that flies in the face of multiple years of contrary outcomes, for a company that has zero control of its affairs, shows contempt for its shareholders and continues to 'reward' executives with obscene salaries relative to added value.

I wonder if there is a circumstance where you would ever provide criticism of a share in which you are a holder. Don't need to answer that question.

[goatherd] 15/4/2020 11:14

We will - soon!

[marnewton] 15/4/2020 10:50

FWIW...

Gold spiked to set fresh 7-year highs with spot prices at $1747 before retreating sharply to $1710 on rejection of the $1750 target. There is chatter about central bank printing presses being behind this move, and the usual weaker dollar trope helping to lift boats. Whilst the gold safety net is all about the decline in real yields, the idea that central bank printing will lead to inflation seems a step too far given the profoundly deflationary shock from Covid-19. Nevertheless, despite inflation and inflation expectations tumbling the impact of Fed and other central bank easing could see real yields drop further into negative territory, thus providing ongoing support to gold prices.

From Markets.com


Would that we had a gold mine!

M

[sweetwaters] 15/4/2020 09:59

No dilution.

Cut plc costs + request Artar pay for ongoing Saudi exoloration for the next 6 months for great % share of Hawaih or sell Jibal + mothball TK.

Why any of you still accept costs for TK is beyond me. Ethiopia need to step in or they won't whilst Kefi continue to fund.

(None of the Ethiopian Gov costs arexTKGM specific, they are all site related for the future. If TKGM fails the site will still need a road and power for the next Development company)

Yawn. No dilution.

[chopper harris1] 15/4/2020 09:18

Let's face it: a fundraising of some sort is inevitable in the near future, if, of course, they can actually get one away.

I agree that they're almost certainly currently working on one and, quite possibly, struggling to conclude a deal in this current climate. Any successful fundraising is therefore quite likely to be at a pretty dire price.

What will be completely unacceptable will be the announcement of another dilutive placing which is not accompanied by some significant cost-cutting, including salaries.
Not deferrals of salaries which will be made up by future issues of shares in lieu, but cuts to current salaries which have been too high for too long already, given KEFI's present operational and financial position.

[tyler durden1] 15/4/2020 08:42

Matthew

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

Having everything come to a full stop, yet paying extraordinary amounts of salaries and remunerations for doing diddly squat, I imagine their next move is to sit back and thank their lucky stars whilst counting the monies they are getting 'paid' for doing said diddly squat.

[matthew stone] 15/4/2020 07:56

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

Unfortunately, I think this is correct. They must be running on fumes now, and they've not been slow in raising funds through placings in the past.

Whilst the lack of a placing could point to confidence in the ANS money arriving soon, or to some sort of financial support from the EG, isn't it more likely on the balance of probabilities that they are struggling to get one away?

[cybaajak] 15/4/2020 07:29

In rely to Chopper harris1 post #3199.

just to put a little perspective onto your remarks about the share price of 2p and Warrants..

IF the share price does reach 2p and ALL of the Warrants issued on 6th January 2020 are exercised the total revenue to Kefi is £236,845. NOT EVEN HALF A MONTH OF CURRENT COMPANY EXPENDITURE. Wether that is, by design, due to vastly overpaid and under achieving top weight, (and lets not be coy.. there is an over-bearing amount of top weight), or, wages of furloughed and returned home workers, remains unclear.

The company accounts for 2019 should be published soon. A few gold nuggets of information should be in there.

[riotinted_specs] 14/4/2020 21:01

I think a placing would be disgraceful. The prime minister, the minister of mines are directly involved with TULU KAPI. It represents the largest net export revenue generator for Ethiopia. They have recently had approved billions in IMF funding in addition to national foreign government investment commitments even greater than that. All this is contingent on a measly $9 million from ANS. The EG will have egg all over their face and worse yet will have utterly failed and suffer UNTOLD consequences from across the mining sector. Who I might add are watching very closely on what happens here. PRIME MINISTER ABIY AHMED check between your legs and see if you have any balls. MINISTER OF MINING SAMUEL URKATO AND YES MAN check between the Prime Ministers legs and see if he has any balls