Kefi Gold And Copper Share Discussion Threads

[philby1] 17/11/2020 08:14

Harry - 'Hawiah could be a monster.'

[shortarm] 17/11/2020 08:11

He actually mentions 300k from Tulu Kapi processing alone!

[estseon] 17/11/2020 08:07

Pit 140k, underground 50k, satellite 50k, JQ 60k increasing for Hawaiah and TK satellites other than Guji-Komto. That is all currently on the radar screen.

[shortarm] 17/11/2020 08:03

300,000 ounces per year mentioned a couple of times so it's obviously a target they're aiming at.....

[robjm66] 17/11/2020 00:51

Africa Down Under 2020 KEFI Minerals

[robjm66] 16/11/2020 23:49

Emailed them and to their credit they did try to fix quick had another problem with my pc but can now see the posts on my iPad after resetting password so it’s ok. After reading all the lse kefi posts non today really cover anything crucial that has been missed.

[1jbrisky] 16/11/2020 23:40

Robjm66
Same problem with LSE.
Doesn't recognise my log in (used it for over a year) then won't resend or reset my password because I don't have an account. Won't let me register with a different password or a different email.
They've been getting worse for ages & really can't be bothered to spend any more time on it.
Adfvn it is moving forward.

[goatherd] 16/11/2020 19:29

Those two "sales" look like some sort of rollover to me. Identical numbers; 19 seconds apart; well out of market range. Often hallmarks of a rollover.

Each trade was worth £150,000. So almost certainly not an ISA (though not impossible!)

[estseon] 16/11/2020 18:20

Richie,

it could be that some of the people who were making a lot of noise but suddenly went quiet sold their holdings in the knowledge that they could participate in the placing through the broker thus buying 3 for 2.

[1deedee] 16/11/2020 18:15

Can anyone enlighten me on the two massive sales at the end of the day shares been given out and sold on

[rich1e] 16/11/2020 18:06

I’m just wondering who took these placing shares, looking at the above posts, and calculating £3 million raised against a £30 million market cap, it looks like stock anywhere up to 10% of the company has gone somewhere. I could be wrong and stand to be corrected.

[rich1e] 16/11/2020 17:50

mesb48, I would agree regarding Centamin, it may well be that they need to increase their portfolio in order to reinvigorate themselves. Maybe it’s as important for them as TK funding would be for Kefi in the long term. My question is, does providing funding for TK get them what they need or would they need to go a step further and get a foot in the door through acquiring Kefi stock?

[huncher] 16/11/2020 17:40

LSE changed,you need to register(not join).Also changed the way the threads work. It took me a time to work it out.

[robjm66] 16/11/2020 17:31

Lost the ability to read posts on lse kefi board. For some reason it was nor working to allow me to post even if I had wanted to for a long time but now cannot even read posts there so will not be able to post about them here.

Guess if its not fixed will save me a lot of time.

Edit would not let me register either sent them an email though it may take them some time to fix it as seems the have had some recent problems.

[mesb48] 16/11/2020 17:26

Rich1E, I think the FTSE investor has to be Centamin. They’ve recently had their share price trashed because they’re not diversified. So that’s possibly an answer to why someone would deviate from established operations. Kefi gets them into roughly adjacent markets, strategically I can imagine them sitting round the table and thinking this is a perfect fit, with TK involvement a “shoe-in”; to SA which may be their real interest. Long term, it might be a great match. Obviously since then, the conflict in Ethiopia has kicked off, so I imagine they will take their time to evaluate the situation. If it’s not Centamin, I’d like to know alternative suggestions. But in that context, the share placing makes more sense and Kefi had little choice. Before today, others in the consortium could try to renegotiate “because of the conflict”. Now Kefi have protected their position and can take longer if they need to, no matter how frustrating that is for existing shareholders. Closing the deal is unlikely to be imminent now, or the placing would not have happened. So for me this depends on how soon the conflict is resolved. For me, I’m holding. All this obviously IMHO.

[1deedee] 16/11/2020 17:26

Is some nice buys going through at the end of the day from what I'm reading Ethiopian army are doing very well only 75 miles of the capital tropical I hope your son pulls through and gets better I'm in my 50s and it sounds like a nightmare

[robjm66] 16/11/2020 17:03

Rich1e if you look back at the history of Rab Capital it has done other mining deals recently hxxps://www.wikicorporates.org/wiki/RAB_Capital .

hxxps://www.proactiveinvestors.com/companies/news/919175/black-iron-closes-c18m-private-placement-with-major-investments-from-rab-capital-and-lind-global-macro-fund-919175.html

hxxps://rockhopperexploration.co.uk/investors/shareholder-analysis/

hxxps://www.businesswire.com/news/home/20200604005528/en/Viva-Gold-Announces-Private-Placement-Offering

Rab capital used to be a much bigger beast boosted by the last mining boom



Would have identified Kefi as a target that would benefit from the next mining boom in gold and noticed its really undervalued compared to its competitors.

[kelotoni] 16/11/2020 16:31

I appreciate your clarification, as well belfastboyo. Perhaps I was being a little paranoid!

[belfastboyo] 16/11/2020 16:28

There are 2 parts to the RNS the first being yes the issue of a further 186m shares for c3m but the second part is for 76m shares to cover past directors & managers creditors and trade creditors owed balances at 1.6p...so adding these to existing would have probably taken RAB to just shy of 10% (hence the small cash amount to keep them above the 10% threshold level with a board seat...think that's right

[kelotoni] 16/11/2020 16:27

Thank you unionhall. Point taken.

[unionhall] 16/11/2020 16:24

kelotoni,

On top of the 2,061,565,471 after the first placing there are also :

28,251,750 to contractors/third parties

30,733,097 to Managers/Directors

11,175,000 Extra Warrants to add to any already o/s.


So maybe they want to avoid being just on the cusp to avoid any issues re the director.

Just surmising....

[kelotoni] 16/11/2020 15:53

I remain fully committed to this company but have a couple of questions regarding this phrase in the RNS
"the Company has raised a further £278,000 through a subscription for cash by certain existing shareholders including RAB Capital who will continue to hold more than 10%"
My point being that RAB had 12% of 1875565471 shares ie approx 225067856. Without any movement on their part they would have still have held well over 10% of the new issued share capital of 2061565471.
Had they sold some in the meantime? If so should an RNS have been issued to that effect?

[topicel] 16/11/2020 15:52

All is indeed as well as can be expected, thanks Union.

Long Covid is also something no-one wants to get, and the boy is 'only' 50 and is being continuously monitored for the obvious lung function issues but also heart irregularities and many other immune deficiency side-effects such as arthritis and psoriasis.

The mental side is also challenging...

As it is here, in a minor way, but as I posted earlier I tend to agree we have bought ourselves time and should climb strongly from now on, with just Harry finally accepting a deal and getting the financing over the line. He just might be one of those who never quite can make a decision...:(

If he does, can even, then to my shame I believe amazing riches (relatively for one so far underwater) can still be had also! If he drags it out beyond this year though I recommend we all pay a visit to Cyprus...grrr.

Topicel

[unionhall] 16/11/2020 15:27

Not that it matters a jot but just to be transparent......

Notwithstanding my comments earlier on the history of Kefi (which accurately reflect my views)I have made a small investment today because I believe in the short-term, following the placing, the share price will rise, and if Hawiah drilling news comes through and is very bullish the rise will give a good return.

Whether I hold then for amazing riches (Finance secured) or serial disappointment(Finance delayed) is a decision for another day. Probably about the same time-frame as Jaylett.

Tops - hope you and family are as well as can be....