Kefi Gold And Copper Share Discussion Threads

[harrisun] 22/10/2020 09:13

A £1 billion pound company listed on LSE is not such a large company these days? If they didn't agree to be named, do they really intend on doing the deal.

[chopper harris1] 22/10/2020 09:11

I reckon that he's put this RNS out today as his initial deadline of the end of October is fast approaching and he has his webinar on Monday.

In my book the October deadline has been missed, as it was all meant to be concluded within that timescale. Although, in my opinion, we appear to be in a firmer position regarding funding than we were this time yesterday, this RNS includes a number of the usual Harry caveats. He's set yet another deadline until the end of Q4 to fully conclude this funding but would any of us really be surprised if this issue continues to drag on into 2021?

The muted share price reaction to the RNS is disappointing but not unsurprising. My guess is that they must be running out of working capital at this time and a placing for more funds is being worked on in the background.

[harrisun] 22/10/2020 09:10

"Having pulled together this refined Project development funding package"

The only problem is the above is not correct. it is non binding and potentially a refined project development package and it remains that way past his last target date and remains that way until its a real package signed sealed delivered?

[lhoskins] 22/10/2020 09:06

Leave Harry alone lol. Amazed it is back to this level by 9 o clock. Just added a few more. Never mind, when everything is signed off this is a multi bagger from here. We all know this is special. GLA.

[jaylett] 22/10/2020 09:05

I've sold half my holding, at a small profit. I can't live with the lost of trust I'm afraid. I still like the assets so didn't sell the lot, but the management of this company is truly dreadful and seem to think they can just pretend that previously stated deadlines no longer exist.

[mlangton1] 22/10/2020 09:04

That’s classic Harry digger isn’t it. Sorted = non binding, conditional, dependant upon etc etc. And all for £30K a month.
GLA as always

[deanmatlazin] 22/10/2020 08:57

Scotty...you know the answer...placing and more dilution. Sold my entire holding this morning. Might buy back after the mine has been built...not before.

[bashmore] 22/10/2020 08:57

It's just traders taking profit. Buy the rumour, sell the news. As with most KEFI movements a complete overreaction in both directions, and a ridiculous spread. In a good place to start climbing again.

[matthew stone] 22/10/2020 08:56

We have a £1.5m facility with RAB, I believe, so no need for a placing before closing?

[molatovkid] 22/10/2020 08:55

The obvious question is just how has the Kefi share now raised to to 65% from 45% when we are essentially potless and borrowing from anyone who will listen?

To my mind, KEFI need to have found more money from their side of the bargain to justify the larger share surely.

[scotty1] 22/10/2020 08:54

Good package if he can close it,my only concern now is how he keeps the lights on until said package is closed,any guesses? 😂

[molatovkid] 22/10/2020 08:52

Look at it this way digger.....you have been in for 6 years and so only another 2 years to go and you are the proud, part owner of a producing mine !! Ya almost there man !! LOL!

[theaviator] 22/10/2020 08:47

UMT, I remember EUA. OMG. I sold them at a bag from being in at .50 lol Couldn't write it but it didn't move at the time for ages. I agree 100% - it'll come. And sincerely, I do think this one of the rare gems that are an investment on aim. It'll come.Again my sincere apologies. The ol ticker was doing over time reading the RNS and watching BB and I only half read what you'd written LOL

[molatovkid] 22/10/2020 08:42

Amazingly, (unless I read it incorrectly through bleary eyes) there appears to be a greater share of this project now attributable to KEFI but no dilution to shareholders on the financing.

If that remains so then that seems to be as good a deal as we could have hoped for.

Although, I also didn't seem to read of any interest rates on the financing either - let us hope that is not exorbitant.

[robjm66] 22/10/2020 08:42

The one day I over sleep Kefi brings out a breakthrough RNS only kefi brings something out like this on a Thursday guess their will be a few questions for the brr webinar.

[theaviator] 22/10/2020 08:39

It's 100% normal practice in this business actually. There were some clues there of you read to know it's all kosher.

[jaylett] 22/10/2020 08:39

It isn't going to take off, because this isn't a funding package. It's a possible future funding package, subject to a number of conditions, and a delay to the start of production.

I'm sorry, but HAA said categorically that full financial closing would take place in October. It hasn't. It will possibly happen in mid-2021. When will someone start taking responsibility for this company missing deadlines? I'm absolutely sick of it.

[belfastboyo] 22/10/2020 08:39

Agreed Estseon...but remember that the 11p NPV value for TKGM is assuming $1700 gold...which I believe is über conservative...gold/copper miners are leveraged plays on the gold price so if costs per ounce 1k and price 1.7k then 0.7k profit...at 2k prices it's 1k at 2.5k its 1.5k so +100% on 1.7k price...where does everyone see gold/copper prices 2 years from now...I agree in 2/3 years this 2/3p price will laugable

[harrisun] 22/10/2020 08:37

Harry isn't the most believable so you can understand the doubt, whereas if he had named the party, perhaps it would be more credible. As it is it makes it look like the Elon Musk finance tweet with an unnamed party or party's.

[mick1909] 22/10/2020 08:34

HZM took a while to take off from their funding package so might need a few trading days to get going