Kefi Gold And Copper Share Discussion Threads

[cybaajak] 03/6/2020 13:51

In reply to 3984.

By that benchmark we will have to assume that when Adams states October, he, and investors INTERPRET that to mean October.

But he also has stated September. And After the Elections (that aren't happening now). And June. End of H1 2020. Then March. Then February. AT the GM of 6 January. December 2019. Q4 2019. November 2019. September 2019. H2 2019. And on and on and on...

Remember September 2018... The last piece of the puzzle... Price rise and within 24 hours A dilution which devastated the rising share price

How much MORE rope you want to hand him before he hangs himself ? How many MORE times, when he calls "Wolf" are you going to believe him.

You CANNOT trust a word the chair says. BUT I'll give you your "REALISM" for what its worth. One day whatever he claims its going to be right. Right ? RIGHT ?

[jaylett] 03/6/2020 13:47

If the EG are serious about stepping in for ANS, then this next four weeks should not be dead time where nothing is happening; instead the required preparations should be made so that come the end of June a definite announcement can be made and funding provided. ANS aren't paying, end of story, so please don't waste this four weeks flogging that long-dead horse.

If we hit end of June and get a "work will now begin in earnest on alternative funding arrangements and we will update further in due course" RNS then that will be yet another crushing kick in the balls. It's what I fear though, because "proactive" doesn't seem to translate terribly well into Amharic.

[rich1e] 03/6/2020 07:26

The recent price chart on this page looks very good. Both from January until the global sell off, and from April onwards.

[cybaajak] 03/6/2020 07:19

Wish I could upvote more than once.

Anyway. Watch the next link. Its a bit old. From 2019. The word "imminent" isn't used but pay particular attention at time 9:56 and 10:26...

[cybaajak] 03/6/2020 03:11

whispers.."pssssst. Want a 75% return on your money within 7 days ? Pay me 0.65p a share for say a few million shares and I guarantee you can offload said shares at a 60-75% premium within 7 days. Why 0.65p ? Thats easy. I tell the public its a 12% discount from weeks ago, when its actually a 35-45% discount AND THEY VOTE YES !! All you have to do is ensure no-one knows we are friends, business partners OR connected in anyway. You just need to call yourself 'An Investor', legalese to make it above board. Yeah yeah it 'sounds' sketchy but I have this business that prints share certificates and all I have to do is claim 'unfortunate case of timing and market forces' and the clean money just rolls in.. Can't fail. Works everytime. Been doing it for years. Sorry ? What do I get out of it ? Ahhh that is the best bit. I'm getting paid a HUGE wage to be successful. Mug punters and their life savings, easiest thing in the world to separate the gullible from hoarded cash is to tell people you have this idea for a GOLD MINE. They fall over themselves to believe every word I tell them. Makes me laugh, share cert printer has ran out of ink like 5 times in the past 3 years. Ink is getting real expensive. I might even have to do a certificate consolidation next year, can save on ink AND electric bill! I can offer you an even better discount after that happens. I'll give you a call ok. Remember, mum's the word mate. Anyway, how many millions of shares do you want this time" ?


/s <---- Its SATIRE not sarcasm.

[czar] 02/6/2020 20:47

Why do they let these idiots in on a placing, they just flip their shares straight out, they are not investors just cretins. Anyway soon they will be done and we can continue up through 2p and higher.

[shortarm] 02/6/2020 18:39

And it's on the way :-)

[outlawinvestor] 02/6/2020 18:27

IT IS THE BOARD'S PRIMARY, LEGAL, RESPONSIBILITY TO TRY TO ENSURE THE SURVIVAL OF THE COMPANY.

That is like saying the bus driver's job is to ensure the bus doesn't crash!

The creation and preservation of shareholder value is what a board is judged against. That sometimes involves tough decisions to ensure the survival of the company. A great manager and board also ensure a good return for the owners.

[scrappycat] 02/6/2020 15:23

IT IS THE BOARD'S PRIMARY, LEGAL, RESPONSIBILITY TO TRY TO ENSURE THE SURVIVAL OF THE COMPANY. To date, this is what they have done. That this involved dilution was the only way, and inevitable. No one on these boards, as far as I am aware, has any idea what hoops they had to jump to achieve the necessary placings, but achieve them they did.

Furthermore, as far as I can remember, Harry made no promises regarding timescales in the RNSs concerning the EG/ANS. He stated what had been relayed by them, and the timescales implied. Those timescales obviously failed to materialise, seemingly for reasons beyond totally beyond Kefi's ability to control.

Hardly Kefi's fault imo, but I realise others see things differently. To my mind, none have come up with any real ideas as to how any of the alternatives they have suggested would have coped with the difficulties the concordat have suffered, and also ensured its survival.

Kefi may not have done everything right, but we are still here. That, in itself, I view as a significant achievement, irrespective of the prolonged timescale relating to funding, and the dilution.

[goatherd] 02/6/2020 13:56

There's always a bad apple in a barrel.

Well - that's history now. Meldex is no guide to KEFI. I believe - and hope.

[goatherd] 02/6/2020 13:04

cybaajak,

To lie in a RNS is a criminal offence. Very rare!

RNSs have to be approved by the NOMAD. And all NOMADS take that duty very seriously.

If you are right to distrust Harry, the I am certain the NOMAD would be checking everything very carefully.

"Much the same as the other 13 times ANS have failed to comply with their side of the deal." No, nothing like that. A completely new fact.

[cybaajak] 02/6/2020 12:07

I can't recall the Ethiopian Government telling me anything. I DO recall an RNS & a website post, from the current chair of Kefi, informing stockholders that the Ethiopian Government were in support of TKGM and would be looking to produce finance from outside government coffers IF ANS were to fail to comply with their part of the deal by 30th June this year. Much the same as the other 13 times ANS have failed to comply with their side of the deal.

The only rock solid in that is ANS failing. Everything else I take with a pinch of salt as most of whats been stated in the past THREE YEARS has been a bunch of twaddle.

Do I believe the current chair of Kefi ? Most definitely not.

[richsmithsmith] 02/6/2020 10:41

Lots of buys coming in too...

[sussexlibran] 02/6/2020 10:31

@1deedee - let's hope so. I am sure there are many on here who think I am a shorter....I don't care! I have 1.1m shares and am probably 70% down, having first purchased at 1p old money. Although many are still optimistic, given past events and the terrible management I think there is a higher chance of a squirrel parachuting out of a chinook and writing a cheque than ANS coming up with funding! So more inevitable delays as far as I can see. But miracles can happen - maybe this month one will arrive.

[1deedee] 02/6/2020 09:50

That's a lot of money to put down on a penny share stock

[1deedee] 02/6/2020 08:58

Perhaps someone's got wind of something maybe maybe the results in Saudi or perhaps funding for Ethiopia

[jaylett] 02/6/2020 08:31

Date Time Trade Prc Volume Buy/Sell Bid Ask Value

01-Jun-20 18:02:17 1.05 22,615,384 Buy* 0.00 1.10 237.46k

Serious trade has just been printed from last night's close. Someone wants in, and in big quantity.