Kefi Gold And Copper Share Discussion Threads

[robjm66] 23/9/2020 15:37

No problem Aviator.

Definition of a us long term kefi holders “i'm not giving up as I need to make all this suffering worthwhile.” ;-)

[topicel] 23/9/2020 14:31

The liquidating of assets may well be over and gold will hopefully stabilise. Furloughs ending everywhere will lead to more QE and indebtedness and PMs will again be seen as necessary holdings.

And producers and those about to become developer/producers will be bid up again, such as Kefi. The leverage is usually multiples of the gold price increases so we shall see, but finance in and break this recent 2.7p high and the chart set up will be more than spectacular imho.

There is nowt to be done but sit and wait and remain positive now. As HB2 would say, IHWT! He's picking the winning tickets...

Topicel

[topicel] 23/9/2020 14:25

Well the salary aside, which is ridiculous, the Aussie has invested his own money, if not quite £2m, maybe £0.6m, and suffered the 90% devaluation of most LTHs since.

It can be argued it was not a risk really as he was overpaid so we were buying his shares for him really, but that is what has happened.

If he can't conclude the financing this October then surely to goodness he must go. Or does nobody ever take the blame for anything any more (Boris & co.)?

Topicel

[digger2779] 23/9/2020 13:55

Theaviator - i'm not giving up as I need to make all this suffering worthwhile. Averaged down to what I consider a 5p breakeven point. Just frustrated with being fed "mirages" over the past few years by someone earning over £300k pa.
OT - have a few ORPH where the CEO is aligned with shareholders. He's on £140k pa and
no one else in the company is on more than that plus he has put in £2 million of his own money, not options and shares awarded to himself unlike someone we know. That's skin in the game.

[theaviator] 23/9/2020 13:33

Thanks for the postings Rob. Super info. Appreciated.

[theaviator] 23/9/2020 13:28

Digger, it's miners, it's exploration. Happens quite often and people always point fingers at CEOS. Nature of the game really. Wouldn't it be a shame to give up now and wouldn't you kick yourself more if the corner has finally been turned?! Come on mate chin up...the time is nigh...

[scrappycat] 23/9/2020 13:18

digger,

Have you not done your homework? The initial funding was, and is, to have been separated from the main course investment. The ANS bank failed to fulfil their side of the bargain, but the Ethiopian Government itself is still involved in main project funding.

As for Harry, you may not respect him, but the mining community as a whole seems to, as do the Ethiopian Government. For me, as a long term holder, he kept the lights on, and I stand to gain heavily from this in the future.

[robjm66] 23/9/2020 13:02

Well probably a bit easier to raise money for mining projects in Australia as it is a mining nation think Harry has mulled a listing for kefi there in the past.

Ironically think Kefi has done a lot of hard work for other mining companies that are now entering Ethiopia had someone from Allied gold a while back saying how he talked to harry guess he is seen as a bit of a elder statesmen in the Ethiopian mining sector.

Sometimes think Harry has it it in common with some elder statesmen that start looking at their legacy, rather than day to day share price movements.

That can bite you in the rear sometimes but harry is on a mission to get a mine built in Ethiopia and the KSA.

[the charmer] 23/9/2020 12:57

The tide is turning.

More updates on the way. IMHO

[scrappycat] 23/9/2020 12:46

Trying to get the best deal for shareholders?

[digger2779] 23/9/2020 12:32

rob - Cheers ....oversubscribed and here we are scrabbling around to get initial funding. What is Harry doing?

[robjm66] 23/9/2020 12:07

smallcaps.com.au/megado-gold-early-close-ipo-strong-demand/

Ethiopia-focused explorer Megado Gold has closed a $6 million initial public offering (IPO) launched earlier this month following strong support from the global investment community.

Managed by Canaccord Genuity (Australia), the IPO offered 25 million ordinary shares at $0.20 each to raise a minimum $5 million and was able to take $1 million in oversubscriptions.

It was significantly oversubscribed....

...Ethiopia hosts a number of major gold interests including MIDROC Gold’s 3-million-ounce Lega Dembi and Sakaro mines, KEFI Minerals’ 1.7Moz Tulu Kapi deposit and Allied Gold Corp’s 1.5Moz Dish Mountain deposit.

My post 6058 for some detail but shows there is appetite for investment into Ethiopian mining with over subscription and early closing.

[theaviator] 23/9/2020 09:59

Lol Hopefully ;) It always tickles me when they talk about LTHs on these bbs.. because they are usually involuntarily. I did sift through Kefi back to the early days though and can see why many bought. Was certainly a great story. Am also not immune to the odd disaster - a couple of oilies. We do our level best not to be though. Right enough from me. Let's see what the next few weeks have in store.

[scotty1] 23/9/2020 09:52

I agree his targets on KEFI are on the conservative side,having said that i believe he as also tipped this on HSR (which i no longer subscribe to so not 100% sure)which is supposed to be for short term gains.Notice i did say "supposed to be" 😜

[theaviator] 23/9/2020 09:46

100% and I've also listened to Tom being knocked by others and said nothing. He gets alot of bad press which is probably only because of jealousy and competition. Personally though I believe his targets should be much higher. ;)

[bashmore] 23/9/2020 09:44

Don't know if anyone followed GGP success via Telegram. But KEFI has a new group started from T212. Anyone in?
hxxps://t.me/joinchat/R97PAB0GYRkQwJXXQ-YeMQ

[scotty1] 23/9/2020 09:40

Aviator as there is no obligation to follow TW,but one should listen to all points of view when investing/trading providing the views are all informative and valid.

[christopher logsdon] 23/9/2020 09:36

There is no way we can possibly know is there?

[theaviator] 23/9/2020 09:33

Capitalism not communism. Nobody obliged to follow.

[theaviator] 23/9/2020 09:32

Not at all. For calling shares right NOT for subscriptions. All for free with me.

[scotty1] 23/9/2020 09:26

Hmmm aviator pot and kettle come to mind

Theaviator - 22 Sep 2020 - 22:57:59 - 6282 of 6290

People follow me Rio for a reason. I make money.

[theaviator] 23/9/2020 09:19

And who is TW?! (I know who actually but..) Who cares. Never invest on what others do or think. Ever wonder WHY he has a paid membership website btw? Lol How much skin does he really have in? Reserving judgement but point is it makes no difference what someone else thinks. Neil Woodford proved that! Sheep mentality isn't a good model with investing. Make own decisions based on your own belief based on research. Many of us believe funding is about to drop and Kapi will be catapulted into the book of Ethiopian history. We shall see how soon but at over1ml ounces it's exciting at the least...