Kefi Gold And Copper Share Discussion Threads

[sweetwaters] 24/4/2020 08:23

I see this has progress.

I would rather see EG replace ANS, now that would give the financing certainty verses the ANS muppet show. EG have development funds specifically to support this sort of venture.

Unfortunately Harry has said so many imminent, shortly, positive things for so long and which relate to various finance partners that it is hard to take what he says at face-value.

He's going to miss the 2p warrants cash, needs to baton down the hinges and reduce plc costs. Control of that would give the share price a release, it is the dark cloud over Kefi.

[the charmer] 24/4/2020 08:21

Czar. Lucky you, my friend. Done well.

[czar] 24/4/2020 08:15

This should have opened at well over 1p but bought stock at 0.7p, however I'm averaging down.

[outlawinvestor] 24/4/2020 08:15

LOL! Unalloyed good news! By the end of June the govt will look to secure new sources of funding if ANS keep on dilly-dallying!!!

Always thought HAA had a master plan - now just need to rally above 2p before Thursday for the warrants to roll in!

[the charmer] 24/4/2020 08:11

Brilliant news guys. This is now a cast iron guarantee that this is going ahead as the funding will be provided by the Ethiopian Government if the funding does not pan out with ANS.

I thought we would see the regular "stars" of this board coming on with a few others into the mix.

Wake-up and smell the coffee, because it sure smells good from where I am sitting.

[shortarm] 24/4/2020 08:08

Oh dear - every silver lining has a cloud right?
Seems like a big dark cloud in your case lol.

[highly geared] 24/4/2020 08:04

“look to”.. and WILL are different things...all in the words

[matthew stone] 24/4/2020 08:01

I certainly never described it as unalloyed good news...however, of the scenarios myself and others have been postulating over the last few days, this is about the best one.

[pilkersa] 24/4/2020 07:58

Excellent news. Government backed funding sounds a far more secure option.

[taxlosstone] 24/4/2020 07:55

I wonder if the stupid market will not recognise the unalloyed good news this morning. After all, the market has been so wrong for gawd knows how many years on Kefi! Matthew, well we could have hoped that after 20 months, ANS actually paid over their commitment or is that being unrealistic? I'm no expert but b) below does not say explicitly that the GoE will come up with the akkers by the end of the quarter. You may recall that the GoE are pretty slow themselves.

b. the Government is now collaborating directly with ANS Mining and its shareholders to reinforce Project momentum. In addition, as an important new development, the Government has now also advised both KEFI and ANS Mining that it will this quarter look to arrange either direct or indirect funding into TKGM from its investment institutions for the required amounts if there is any further delay in investment via ANS Mining;

[czar] 24/4/2020 07:46

In my book he's finally done it, no-brainer now for 10p+ over time. Gold $1740.

[molatovkid] 24/4/2020 07:46

They have to get the project off the ground, an absolute must, once they do that then the subsequent finance gets easier to raise.

[matthew stone] 24/4/2020 07:41

Realistically, this is about as good news as we could have hoped for - one way or another, the funding will be there by end of June; either ANS pay by then, or the government step in. Would have been nice if they'd acted months ago, but at least they have done so now.

I would anticipate a small placing will still be needed to get us to end of the quarter, though.

[shortarm] 24/4/2020 07:34

Don't invest money you can't afford to lose in high risk/high reward shares. Put your money in the bank and get next to no interest!!!Whinge and whine all you like - you invested here and things are happening - like it or lump it (sell!!)

[bejubiant] 24/4/2020 07:32

molatovkid: I agree, this is good news. The sticking point has been ANS, and their inability to monetise share subscription agreements signed back in January. We knew that the EG were starting to lose patience with this position, and they have now effectively said that it's "pay up or get replaced" time.. either entirely, or via a pro rata diluted down structure. This project is massive for Ethiopia and they absolutely need to ensure a timely full project close in October. I own in excess of 1.5% of Kefi and am properly reassured by this development, despite what others may think. We will get there.. and don't forget mid year, significant updates from KSA also in play.

[red rook] 24/4/2020 07:30

... typical Harry spiel... and cue the next placing to keep the lights on :-)

[jaylett] 24/4/2020 07:28

Can we reach that point without dilution though?

[shortarm] 24/4/2020 07:25

There ya go.new development, the Government has now also advised both KEFI and ANS Mining that it will this quarter look to arrange either direct or indirect funding into TKGM from its investment institutions for the required amounts if there is any further delay in investment via ANS Mining;

[molatovkid] 24/4/2020 07:22

I thought this was good news !

If ANS don't ante up, it goes ahead anyway bankrolled by a more secure partner, with or without ANS.

How can that not be good news?

Is your glass half full or half empty I suppose.

[jaylett] 24/4/2020 07:16

Another largely substance-free update and STILL no local money in our bank account. ANS can't pay, that is clear, so why are we giving them another couple of months to try and access cheap money from the Government instead of just going directly ourselves? And this is just the first £9m, so what chance have we got of getting the bigger piece that's still to come?!

"As an important development, the Government has advised that it will look to source funding directly into TKGM via its local financial institutions if there is any delay to the anticipated investment via ANS Mining."

Any delay? You mean outside of the two years its already taken?! They've breached the terms of their unconditional obligation and should be binned immediately. End of.

Zero mention of any wage or cost cuts either. Unbelievable.

[fsawatcher] 24/4/2020 07:14

like i said a while ago

they gonna need a new partner

news today sayin...ANS mining got no money so we give them deadline of October 2020....If ANS not fund it then Ethopian gov looking at takin slice and that never good news as it almost like them takin it all back over after kefi spend millions lining it up

this goin back to the state if ANS not fess up

October??? that gonna se this fall like a spliffed up rat down a drain pipe

clunk

see ya at 0.4p

[cybaajak] 24/4/2020 07:12

Adams still thinks it will be fully funded in October(was September, then before that June this year) when the very same people who make up ANS work in the financial sector in Ethiopia, where the rest of the money is meant to be coming from.

Delusional.

[sniffer2] 24/4/2020 07:07

So, we MAY get some funding by the end of June(this quarter). The first acknowledgement that ANS are delaying. Expect this to go down further. I would not be surprised if the next RNS is a placing.

[the charmer] 24/4/2020 00:57

I have been looking through the posts and there is a lot of talk about wanting a "board change/salaries." I noticed on the other board a mention of it there as well. This does seem to be snowballing as there was even a link for the Share Society in order for a Share Action Group!! If one is still of that same opinion, it maybe worth reading the following, which is an excerpt from that, which was posted over there.

It seems very poignant on here. See below:

2. Avoid Libellous Public Comments

Defining the complaint will also help you to get the facts straight. One thing you need to
be careful about is making allegations that are either not supported by the facts or are
simply incapable of being proved. You may feel that the directors are dishonest crooks
who are only lining their own pockets at your expense, but putting that into writing, on a
bulletin board or elsewhere is a recipe for large legal costs. If nothing else, you will pre-
empt any compromise agreement to resolve the issues you are raising because the
directors will be so annoyed with you that the only expectation you can have is of a long
and difficult fight. If the facts are accurate, and have been verified, let them speak for
themselves. One particular aspect to avoid is to avoid imputing motivations to individuals
based on a sequence of past events. There is usually no concrete evidence of motivations.
Likewise you may feel the directors are fools or incompetents but that is best evidenced
by facts rather than declared opinion.


Any of the above sound familiar? Not helping the cause is it.

Read the full Share Society information if it still appeals.