Kefi Gold And Copper Share Discussion Threads

[red rook] 16/5/2020 13:31

... no wonder Samuel Urkato (PhD) the minister of Mines and Petroleum is satisfied with KEFI’s effort :-)
... those canny Ethiopians know how to play the game & Harry ... sit back and let Harry 'milk' Kefi Shareholders for as much money as possible to fully de-risk and pay for the project. Then, when the...

... farmers have been payed off, and re-located, WITH Kefi shareholders' money
... construction of the mine is completed WITH Kefi shareholders' money
... the gold is finally poured WITH Kefi shareholders' money

... those canny Ethiopians will want in ... and Harry will welcome them, and will trumpet “We could not ask for a more committed community and Government.'' :-)

... However, by that time the current Kefi shareholders will have long been buried under more dilution, an inevitable share consolidation, and then more dilution !

[matthew stone] 16/5/2020 10:57

So do we, Samuel, so do we....

Nice to hear something from the EG, if only as some evidence of these strong working relationships HAA keeps banging on about.

Now the initial shock at the placing price has passed and gold looks like it may have started it's next leg up, there seems to be plenty of buyers at these levels, and why not? IF(!) ANS or the EG do pony up and get the TK ball rolling, even TW's target price is a three-bagger from here....

[robjm66] 16/5/2020 09:49

hxxps://www.thereporterethiopia.com/article/kefi-minerals-raises-37-mln-pounds-additional-investment-tulu-kapi-gold-mine

Extract
Adams said Tulu Kapi is the first modern mine development in Ethiopia for decades. “We could not ask for a more committed community and Government. This is a national priority and will be the largest single export generator for Africa’s highest growth country,” he said.  

Samuel Urkato (PhD) the minister of Mines and Petroleum is satisfied with KEFI’s effort to develop the Tulu KAPI gold mines. “They have been doing a commendable job so far. They are mobilizing additional funds,” Samuel told The Reporter. “We hope that they will develop the mine and launch production as per the schedule,” he added.   

Development of the Tuku Kapi gold mine project is expected to bring in 500 jobs. The gold mine has been estimated to generate over one billion dollars from just initial open pit operations alone. 

[neilng] 15/5/2020 23:10

https://mol.im/a/8323277

[red rook] 15/5/2020 17:21

... where the rest of Harry fan club are also residents !
... and they all believe that in LaLa Land the physical laws of nature do not apply:-)

[robjm66] 15/5/2020 13:25

hxxps://www.morningstar.co.uk/uk/news/AN_1589540447770470500/kefi-minerals-continues-development-of-projects;-cuts-costs-amid-virus.aspx

extract

Turning to Hawiah copper-gold-zinc-silver exploration prospect, KEFI said drilling continues at the site and the current phase will be completed later in May. The results will then be assessed with a view to reporting a maiden mineral resource in mid-2020 and conducing a preliminary economic assessment.

[sussexlibran] 15/5/2020 12:37

@charlieeee - so true. Harry needs to go. He is utterly useless.

[shortarm] 15/5/2020 12:30

Well, I made a load of money in EMED now Atalaya so on that basis he's a great guy???He's also involved in Venus minerals with Ariana resources which is a fantastic little company!

[charlieeee] 15/5/2020 12:27

HAA can be evaluated on performance at EMED (now Atalaya).

Endless promises and dilution until he stepped down.

In waltzes Alberto Lavandeira, experienced mining engineer, who cracked on with getting the mine built and operational, scrambling the finance together as he went and has been running a producing mine ever since.

The parallel here is that HAA needs booting out and replacing with a competent CEO, who wants to make money from a producing mine rather than funding a life style from equity raises (ably assisted by the pump and dump sharks).

[the_real_mr_big] 15/5/2020 11:59

Just off the phone to Theresa - She said she won't take the CEO job, unfortunately, but she can fly over to Ethi and do a little motivational dance if the price is right.

[sussexlibran] 15/5/2020 11:36

@matthewstone - well, we don't actually know "unconditional" is in the contract - just because Harry put it in an RNS it doesn't make it true - well are all very well aware of the accuracy of RNS statements issued by KEFI. In English, "imminently" means imminently. But in Kefi speak it means "possibly".

[matthew stone] 15/5/2020 11:00

Well, we don't know what the contract with ANS says, so we? We know it has the word 'unconditional' in it somewhere relating to the first tranche of funding, but we are still none the wiser as to what that actually means, other than whenever Kefi have alluded to that word, it is has been to accentuate it as a positive to us. Therefore, we can only conclude that it means what it says - ANS are now bound by the contract to supply the first tranche of funding. However, how long they have to do this has never been specified, and also if there is any penalty for not doing so.

[robjm66] 15/5/2020 09:28

Cybaajak only need to get lucky once not betting on harry but the Ethiopian government that has saved the project several times already.

[cybaajak] 15/5/2020 09:01

Or, is it because he has told ANS to hold the money for the moment....

Wait wait hear me out..

October from September from June from Q1 2020 just seems too staggered to be believable. Kefi SOLD 50% of TKGM to ANS for $38m (Birr Equivalent) and yet Kefi has been diluted from 400m shares in Q2 18 to (in 2 weeks time) 1.9 BILLION shares in 2 years. The gold price has risen whilst Investor value has been squandered. Business partners have achieved 'deeply sincere friendship' status without paying a penny and the long suffering PI has been 'Nervous Nellied' into battered submission having to continually top up to keep up with the never ending waves of dilution, AND NO CONSTRUCTION PROGRESS.

The Project is now finalized and ready to proceed. What better time to be in secret talks with a hedge fund or mining conglomerate to buy out TKGM in its entirety, with contracts in place WHILST intentionally keeping the share price at ridiculously low levels to enable a favourable outcome for the Chair/BoD being side stepped INTO said conglomerate...

Too tin foily ?

Yeah, probably.

[jaylett] 15/5/2020 08:53

Fewer and fewer people do believe him, hence why we're once again languishing at these levels despite gold being on a flier and having not one, but two decent gold prospects in the ground. As well as the endless dilution, he's trashed sentiment over and over again with his nonsense statements and missed deadlines, to the point where the market simply isn't interested. Half a billion shares at 0.65p shows you how we're viewed right now. Rock bottom.

And next week we get yet another kicking, as a grumpy, annoyed-sounding man sighs and errs his way through another dismal summary of our prospects. If he hasn't got the ANS money, which he hasn't, then there is zero reason for doing a webinar and it can only do harm. It should be cancelled.