Kefi Gold And Copper Share Discussion Threads

[shortarm] 16/11/2020 15:16

Financing RNS tomorrow? Maybe one of the conditions was Kefi having no debt.......

[rich1e] 16/11/2020 15:01

rob I meant what's in in for RAB getting screwed over with the rest of us, in response to the earlier answers. I am interested in the ftse company, do they supply mining finance regular, if they do none spring to mind, if not why now? companies don't usually deviate from their established operations. Are they interested in making a return from finance or just getting TK up and running?

[robjm66] 16/11/2020 14:45

"which includes a subscription by major shareholder RAB Capital PLC to ensure they remain over 10% of the enlarged share capital;" they are buying to keep their position at the same level and keep a director on the board, what is encouraging is that they did not sell out at higher levels and are maintaining their position.

[belfastboyo] 16/11/2020 14:43

Respectfully if you no longer hold shares in this company why are you on its BB? Do you really think the LTIs don't know the history here? Or we cant read it from the RNSs? Of course we do/can. I hold the shares as I believe they are significantly under valued versus their short, medium and long term potential value. Imho TKGM will get funding soon and the share price will rapidly re rate. I fully accept I may be wrong...and investing in Africa has risks...

[rich1e] 16/11/2020 14:34

Again curious, the RAB director has bought into this why?

[andysand] 16/11/2020 14:33

Owning this share is like a disease. I am thankfully cured. There will always be "just one more thing" that needs to be done before financing comes. It isn't coming. The evidence against it is overwhelming (just examine rns for the last 5 years). I wish you all the best of luck but I don't believe you will get lucky here.

[robjm66] 16/11/2020 14:33

The two consortium members.. Harry said kefi are only small fry for the big companies and up to them at what stage they want to be named. Will not know exactly what they normally do till they are named however... The recent additions to the consortium are two African specialist investors:
• the Ethiopian division of global industrial company (“Local Investor”), which is listed on the London Stock Exchange with a market capitalisation exceeding £1 billion; and
• One of the world's leading commodity trading companies (“Mining Financier”).
Both organisations have extensive experience in Africa.

So both know about the difficulties of doing business in Africa and at least one has experience of providing finance.

Long term probably the Saudi areas are more attractive to them as Hawiah is bigger than TK and liable to get bigger and it should be easier to expand in Saudi with the industrial loan scheme.

Overall they probably see TK as a way of getting their foot in the door in two new mining sectors especially the KSA one.

[digger2779] 16/11/2020 14:27

Rich - A while back we had some arranged drawdown dilution provided by "someone" who wanted to remain anonymous and we never did find out who that was even though they were helping themselves to a pound of flesh on a regular basis.
That's no way to run a business but the toad gets away with it time after time.

[topicel] 16/11/2020 14:24

You mean they don't already?

The general market reaction is of acceptance so far, and daft though it may be I sense a chance of ending flat or even higher today...

Can anyone really give this cat any more lives though? Even the ever generous Goatherd? Financing in before the end of the year.

But we all know that we now can leave it until May, so why not use that time as per usual, lol? Do I jest?

Topicel

[rich1e] 16/11/2020 14:19

I'm curious, these new investors, wouldn't they be named even if they had no long term plans for holding the stock? Also TK funding what's in it for the ftse industrial? do they usually provide mining finance? Is there a link between the two? Or is it all waffle from Harry, we'll soon find out

[robjm66] 16/11/2020 14:11

When they start calling Harry Princess nut nut that the time to get worried ;)

[topicel] 16/11/2020 14:01

Harry's answer to most things is to shrug and carry on regardless.

He is our Cummings, rude to those who question him ('nervous nellies') and economical with the truth about most timescales and realities.

I am under his spell, as you can tell ;)

Topicel

[richjj] 16/11/2020 13:15

Totally agree Belfast we are hardly “running on empty”.

[belfastboyo] 16/11/2020 13:06

Hi goatherd, I agree with you....no one spends hundreds of thousands USD on legal and other fees to try "not" to do a deal...I think it will move to conclusion before year end as it is in everyone's interest to get this sorted ASAP and in build to production...While I am not happy with dilution at these poor share price levels I think that post raise with zero debt & c3m in bank we will be well placed to finally get TKGM over the line and see progress in KSA

[katsy] 16/11/2020 12:54

TA

1. I'm not out I said I will see if Harry can conclude the finance deal this year, if not then I'm out.

2. I truly believe in gold and I know where gold is going in the next few years. I don't think for one moment that the Dollar, Euro or Pound can ever truly recover from the damage already done by the deliberate act of destruction by all governments over Covid.

[goatherd] 16/11/2020 12:45

We do know that term sheets have been agreed.

So most due diligence has been done.

All participators are spending money on legal processes.

They almost certainly mostly have done business with each other before, and intend to do so again, so are not likely to rock the boat.

Personally I believe, strongly, that all WILL be signed up soonish - probably by the end of the year. Christmas might make things harder - but not all the companies involved are bothered about that.

[theaviator] 16/11/2020 12:43

Katsy you're out as stated so have some damn respect for holders and stop being a plonker! Gold isn't coming down, bloody obvious! May touch 1800 but long term it's up!Now I suggest you pack up your troubles...

[rich1e] 16/11/2020 12:19

Copper doing very well

[katsy] 16/11/2020 12:16

Another excuse to slap down gold

Breaking News :

A US-developed vaccine has been shown to be 94.5% effective at protecting people from COVID-19, according to interim results.
Produced by Moderna, in collaboration with the US government's "Operation Warp Speed", the vaccine has also been shown to last for up to 30 days in household fridges and at room temperature for up to 12 hours.
It also remains stable at -20C, equal to most household or medical freezers, for up to six months.
This suggests it can be stored and transported much more easily than a Pfizer/BioNTech vaccine, which was last week announced to be 90% effective at protecting people from coronavirus.
Following last week's news, governments around the world - including the UK - had been scrambling to deal with the logistical challenge of deploying the Pfizer vaccine, which is required to be stored at much lower temperatures.

[richjj] 16/11/2020 12:10

With you on the time line Jaylett. I guess waiting to the end of the year is not unreasonable given possible positive news (still) on funding and better Saudi results pending. It’s our own money here from private investors hence the hurt from most. I realise Africa is a difficult place to do business and get some sort of comfort that the placing means in general others must still feel confident in a return. Nevertheless as you say maybe better to look elsewhere soon unless deliveries take place.

[jaylett] 16/11/2020 11:54

"Looks to finalise" is classic HAA / Kefi weasel words. Union lays it out very well above, HAA is a disaster of a CEO and his inability to read geopolitical situations and risks, while at the same time being willing to bet the company silver in extremely iffy markets, is breath-taking. His answer to every problem is then to dilute.

One more month for me; mid-December and either something has materialised in terms of real cash in the bank, or I'm selling the rest of my holding and forgetting that I ever heard of this company. Life is too short and there's too many other places to put capital to work.

[robjm66] 16/11/2020 11:53

"As regards the Company's flagship Tulu Kapi Gold Project, we have recently assembled the full consortium"

[unionhall] 16/11/2020 11:49

Exactly digger, the wording is always finalising something, but not actually getting money in the bank.

[robjm66] 16/11/2020 11:48

Oversubscribed Firm Placing...

"What is a firm placing?
A firm placing is where specific investors agree to subscribe for firm placing shares. A firm placing provides a company with an opportunity to introduce new shareholders onto its shareholder register."