Kefi Gold And Copper Share Discussion Threads

[robjm66] 23/11/2020 09:31

Not worth Harry flying all the way back to Australia having to obey any quarantine measures they have at the time there plus any measures people flying back into Ethiopia have to follow for a formality.

[jaylett] 23/11/2020 09:26

There's no cash coming this year. I fully expect the next plan to be the merging of equity funding with the wider debt package, which is exactly the stunt pulled last time when "full financial closing in October" suddenly got introduced despite the two components always being treated separately up to then.

A vague mid-2021 is already out there as a date for the project to be fully funded, so it's easy enough for a sneaky change in language from the master of doublespeak and suddenly white is black, day is night, and equity funding was always intended to come then as well. All previous mentions of the end of this year will go down the memory hole and anyone asking tricky questions becomes an 'unperson'.

Big Harry Is Watching You.

[topicel] 23/11/2020 09:10

Another expensive flight to Sydney not to worry about then?

Or is Harry's presence superfluous for this GM. Another quarantine period, Xmas, not likely to be in Ethiopia for any signing ceremony in 2020 unless it is wrapped up beforehand...

Delay No. (insert your own count) is on the cards. Hence why we need funds until April/May.

The Tigray problem is a sideshow now as far as the market is concerned, and failure to secure the funds is the only issue that matters. As it has always been since 2017 when Harry first said we'd be underway.

Anything positive about this RNS anyone? Why not held by Zoom? Why does Harry have to move anywhere anymore? If it's good enough for the G20!

Topicel

[robjm66] 23/11/2020 08:52

hxxps://globalcompliancenews.com/saudi-arabia-new-mining-investment-law-in-saudi-arabia-19102020/

hxxps://www.arabnews.pk/node/1760251/business-economy

hxxps://www.jonesday.com/en/insights/2020/09/saudi-arabias-new-mining-law

hxxps://www.arabnews.com/node/1742911/saudi-arabia

hxxps://www.kefi-minerals.com/files/files/Orior-Capital-KEFI-Pole-Position-22Oct20_opt.pdf page 30,31

Drilling in KSA now.

[glenalmond] 23/11/2020 08:32

Meanwhile, what's occurring in Saudi? Is the rubber stamp man from the Ministry still MIA? Surely the G20 summit will be of relevance to Kefi with all those high ranking people there and oil (supposedly) on the way out?

They're all over this Covid thing there too, I notice

Great Reset anyone?

[robjm66] 23/11/2020 08:18

hxxps://www.stockmarketwire.com/article/7171695/Director-Deals-Kefi-Gold-And-Copper-PLC-KEFI.html

hxxps://stockhead.com.au/resources/megado-gold-sets-a-fast-pace-for-exploration-at-its-ethiopian-gold-projects/

Edit
hxxps://shareprices.com/news/director-deals-kefi-gold-and-copper-plc-kefi-741tff7qvvr455r

[peverill] 23/11/2020 07:40

Where is the money Harry??

[bradley12] 22/11/2020 11:34

All a negotiated settlement does is kick the can down the road to fester and rear it's head again at a later date.
Sort it now and invest in the disputed area to buy some votes.

[belfastboyo] 22/11/2020 11:31

Agree Rob...it seems within a few short weeks the government forces have taken most of the Tigray region/ key towns already...but also agree that taking the capital may prove much more difficult if they defend it aggressively...terrible to see any loss of life but only hope it ends sooner than later and returns to peace.

[robjm66] 22/11/2020 10:25

hxxps://www.tesfanews.net/ethiopia-rejects-african-mediation/ useful map on this article for seeing where the towns are (Eritrean news site) (though government gains look a bit over stated) government have taken most of West Tigray and force from the west there took Adigrat yesterday with force from the south gradually pushing the rebels back.

If you looked at the progress made you would think it would be all over in a couple of days but rebel forces bound to have most and best troops around their capital and have had sometime to dig in.

However they are going to be surrounded both north and south.

hxxps://www.thechronicleherald.ca/news/world/ethiopia-military-we-will-use-tanks-artillery-to-capture-city-of-mekelle-523100/

Seems some international disappointment that the government has not sat down at the negotiating table but why should they, best thing they can do is take Mekele as quickly as possible then they can be as magnanimous in victory as they like.

[uknighted] 20/11/2020 22:11

I intend to write to PP and ask her to arrange for my speeding ticket to be cancelled. I genuinely didn’t know I was speeding!

[robjm66] 20/11/2020 19:22

I am sorry that my behaviour in the past has upset people. It has never been my intention to cause upset to anyone... whoops sorry thought I was Pritti Patel ;-)

[goatherd] 20/11/2020 18:17

Jaylett,

I was not attacking you. If, as I assume, you were referring to me in your last post.

I was merely having, I thought (and hoped) having a civilized debate about something which I thought you had misunderstood. (and still do, by the way!).

I am sorry if you thought that it was, in any way, an attack.

[jaylett] 20/11/2020 17:23

Exactly, but some people can't be told anything, instead preferring to attack people just for telling them how it is. It's strange and a bit sad, but there you go.

[estseon] 20/11/2020 14:30

The broker's clients would have taken the issue and they would have the chance of selling shares held through other brokers or shorting through IG Index or similar in the reasonable belief that the share price would wilt once the gossip of a placing had done the rounds. So they could reinvest old capital released by sales or new capital provided by profits. LTH's just have to dig deeper.

[robjm66] 20/11/2020 11:22

Shareprice going to spike post any deal any increase in share pre deal going to get multiplied either over the shorterm and probably medium and long term as well, higher shareprice means less dilution and less costs.

TK going to be a big deal anyway how about someone at kefi showing some imagination for a change over financing?

Maybe someone here even could come up with a "cunning plan" so ordinary shareholders are rewarded for once.

[goatherd] 20/11/2020 11:04

Not only admin - an offer document, for an offer to the public, has to be a great deal more detailed than a placing document; and hence very expensive to produce.

This is, of course, to "protect" the public; and, of course, is not designed to help the City.

But none of that is Kefi's fault.

[robjm66] 20/11/2020 11:02

Do not have to do it every time but would be nice if they found a way to one off reward ordinary shareholders rather than dilute them by giving sweetheart deals that actually cost ordinary shareholders money through dilution.

If they came up with a plan would actually boost the shareprice in advance of any deal as well outweighing any increased costs.

We are in the age of bitcoin but the ways of raising money are still in the eighties.

[uknighted] 20/11/2020 10:55

It is usually uneconomical to offer placings to PIs due to the administration costs involved.

[robjm66] 20/11/2020 10:29

hxxps://www.investopedia.com/investing/understanding-rights-issues/

Looks to me that the company is heading off criticism of over generous conditions for institutions and so on, basically non pleb holders like us (well me) taking part in final TK finance deal.

While encouraging that they are fine tuning the deal why should they get some kind of special deal when the deal is going to be so transformative to the company and its share price?

I am all ready all in on kefi so bar selling my body at a fiver a pop or my organs (anyone want a slightly used liver?) not going to have the resources to top up bar a very understanding bank manager (think they are extinct if they ever existed).

Should flip the whole thing on its head and bar holders with over one or two percent holding of the shares access to warrants (assuming that's the plan) and give the option to smaller holders that might have some money waiting on the sidelines to top up near or at the breakthrough TK deal for the company.

I would likely not be able to benefit but I would get some satisfaction that a lot of loyal kefi holders that have held through thick and thin would.

[goatherd] 20/11/2020 10:07

jaylett,

You are misinterpreting what he said.

He was postulating a situation where the placing price is about the same as the market price AT THE TIME OF THE PLACING. That, of course, changes the entire argument.

[belfastboyo] 20/11/2020 10:06

I don’t think there would be a problem asking existing shareholders to participate in a small rights issue once a final deal has been concluded to seal the deal...any such issue would no doubt be at a significantly higher price than today given current share price is -1.69 valuing Kefi at only 32m...versus NPV value 284m USD at 2k AU, 65% share TKGM...ignoring all other assets...far, far more important that the sea is concluded to see share price x2 x3 or more...