Kefi Gold And Copper Share Discussion Threads

[laptop15] 23/4/2020 08:19

What's the latest news here guys?? Any got time for a quick summary please. How is the cash and funding situation?

[riotinted_specs] 23/4/2020 00:53

Whilst I am undecided, I too am willing to explore replacing both HAA and the CFO with my 10 million shares. And do keep in mind the board may not necessarily all vote in favour of HAA staying. He makes a good scapegoat for them. What precisely does this entail? Anybody?

[the charmer] 22/4/2020 19:32

Be careful what you wish for...could be a self fulfilling prophecy.

Dilemma for you all...

Brave to stay in or even braver to get out?

[mrturquoise] 22/4/2020 19:03

Tertiary Minerals - TYM
GOLD GOLD GOLD
Drill completed, under analysis, early movement started today - results are looking GOOOD. 4 Million Ounce Reserve!!!
Load it up! :)

[chopper harris1] 22/4/2020 18:53

The way things are going it is looking increasingly likely the lights will eventually be switched off at KEFI at some point in the future.

There are only so many more placings that can occur to fund the current monthly expenditure, with no revenue and no apparent operational progress taking place to give anyone (current shareholders and potential investors) much hope that things may get better before the consequent amount of shares in issue becomes a Weimar Republic style catastrophe. In other words.......totally worthless.

The most galling thing for most shareholders, though, is that Adams and his cronies will continue to pay themselves their inflated salaries from now until the time when the lights eventually do go out.

[taxlosstone] 22/4/2020 17:14

Apologies if I am wrong re directors allowed to vote in any motion to remove them. It was from memory only. By the way Goatie, what a compelling argument you make. His ineptitude has rendered us too skint to remove him because of his ineptitude. :-(

[neally99911] 22/4/2020 16:50

You can count me and my 15m shares in - Harry and Leach (whose main job is surely securing funding) have failed dismally - this funding deal with our "supportive partners" is coming up to its 2 year anniversary and they are still unable to get a relatively small $9m secured - pathetic - whatever the reason they must go and get someone else in who can change strategy as we are simply going to continue death by a thousand cuts. Get rid of ANS and get money elsewhere and if not available sell part of Saudi and go alone - one working mine is better than 2 birds in the bush etc

They have also treated shareholders with contempt - taking full wages while workers and directors throughout the world (myself included) are taking significant wage cuts they just sail on by in their luxury world of being paid a fortune for nothing.

[belfastboyo] 22/4/2020 16:41

my patience is getting very, very thin with the BOD and Chairman at this point

[goatherd] 22/4/2020 16:06

No not maybe. No

And the director's votes DO count.

And what does an EGM cost? How much dilution will follow that cost?

[taxlosstone] 22/4/2020 16:00

Thanks Cyba. I will take a look at that. On first reading it looks like he has the sadim touch which is the midas touch in reverse. :-(

[taxlosstone] 22/4/2020 15:57

OK Goatie, we will put you down as a maybe. ;-)One can vote remotely, of course. 5 per cent would be a shoe in. I believe the directors votes would not be included & we have no big institutional holders so 50 per cent would not be out of the question, I reckon.

[cybaajak] 22/4/2020 15:34

Adams resigning from EMED, now named Atalaya is here.



This link gives details of the EMED actions and share price (about half way down in the middle of the chairmans statement). So at 13th June 2013 the share price was 5.5p



This link shows that in March 2012 there was an issue for Toronto Stock Exchange where the Emed share price was 9p. (So 9p to 5.5p in a year.)



Its all in the meat and potatoes section of Atalaya. (Previously Emed-Mining). Review anywhere from before 2011 to 2013. the yearly reports show the decline, placings, fund raisings.. thing is Kefi was an offtake of Emed/Atalaya. A long time ago and only those who lost a packet believing in Adams will probably remember. The delays were constant, feedback was sketchy. He still ran with the quarterly publications and updates but even so.. Emed was in decline. In the reshuffle after he left, confidence just seemed to ooze back in. A vital name change and progress on all fronts. 5 years later and they are doing ok. As with all things, the Directors holdings back then were in the financial reports. After his resignation and the improvements to the stock price, Multi millionaire would be a very conservative guess. go look at ATYM.

EDIT: HAA shares holding in ATYM

[taxlosstone] 22/4/2020 14:46

Cyba re post 3247Can you or anyone else please talk me through the run up & procedures leading up to his ousting at Atalaya? Thanks in advance.

[sweetwaters] 22/4/2020 14:35

Esteon for CEO, Jaylett FD and Chopper head of comms? Feel free to propose a reasonable salary, not a Harry like salary. Plus some share options for upside.

Sync up with Jeff and research team. Cut costs, try sell some license assets.

(I backed Rayner not Adams. Adams has had long enough and paid too much for what he's achieved)

[sweetwaters] 22/4/2020 14:31

Who's running the book for totalling votes, or how do we otherwise force an EGM? Count me in.