Kefi Gold And Copper Share Discussion Threads

[shortarm] 26/4/2021 12:09

Rob, link to register for the webinar please?

[belfastboyo] 26/4/2021 12:08

Well, win or lose I intend to put up a fight at least if he fails once again to deliver anything as stated again for the umpteenth time...and then gives us but more delays and more dilution...seems like many of you will be fine if Harry continues to fail and we go from 500m shares to 2.1bn...oh wait we did...and maybe 5Bn by next year if Harry is in charge...Again, I want him/them to deliver but won't take any more failures without a fight...some will join me, some will not

[theaviator] 26/4/2021 12:05

Goatherd,He stated he started this company on his credit card. The fact of the matter and imho is he then continued using shareholders credit and has yet to return the money adequately and most have had to average down substantially over the years due to the incredible dilution. There have also been five name changes. There gets to a point you have to surely wonder??There are a few legal things I need to double check with incorporation dates and name change and how that fits. This history is below..NYOTA MINERALS (ETHIOPIA) LIMITED 23 Aug 2010 - 18 Feb 2014GOLDEN PROSPECT MINING COMPANY LIMITED 12 Feb 1999 - 23 Aug 2014GOLDEN PROSPECT LIMITED 25 Jan 1999 - 12 Feb 1999HICKMODE LIMITED 11 Dec 1997 - 25 Jan 1999The first step we would need is viewing the statutory registers and determine if the law is based on the old model or new model 2009 that may limit a process. It appears regular voting rights for resolutions are in place though and I can only presume because of the name changes..."Voting RightsAt general meetings of the Company, on a show of hands, every member who (being an individual) ispresent in person or (being a corporation) is present by a duly authorised representative not beinghimself a member entitled to vote, shall have one vote and on a poll every member present in person orby proxy shall have one vote for every share held by him. On a poll votes may be given eitherpersonally or by proxy.If at any time when the City Code does not apply to the Company, a person (together with any personsheld to be acting in concert with him) acquires any interest in shares in the Company which would haveobliged them to extend an o¡er (a ''mandatory o¡er'') to the holders of all other shares in theCompany had the City Code applied, the directors have the discretion to disenfranchise such a personuntil a compliant mandatory o¡er is made.(c) Alteration of Capital"What is interesting is I discovered this.."10.7 A Relationship Deed between EMED and the Company dated 7 November 2006, by which EMEDagrees not to operate in Bulgaria and Turkey, and the Company agrees not to operate in Albania,Armenia, Azerbaijan, Cyprus, Georgia, Greece, Hungary, Iran, Oman, Romania, Saudi Arabia, Serbiaor Slovakia the ''EMED Area''. The Relationship Deed provides that EMED has the right to appoint onenon-executive director of the Company. It also provides EMED with a right of ¢rst refusal in respect offunding any proposed mining or exploration project of the Company. The Relationship Deed providesthat the Company shall refer any opportunity to conduct mining or exploration activity in the EMED Areato EMED, and EMED shall refer any such opportunity in Bulgaria or Turkey to the Company."(That's old I appreciate.)There are ways and means am certain and the more I delve, this has been setup v v thoroughly and pretty watertight with the other directors/parties. So far and with what I've found this seems to be under the newer companies act which would mean he couldn't override any votes?I will continue to delve...

[donegal1997] 26/4/2021 11:51

The Saudi RNS didn't work for him as a delay tactic, I think it's 50/50 for an RNS tomorrow, webinar will be a waste of time otherwise as we don't need any more questions, we know where we stand, we just need answers.

[goatherd] 26/4/2021 11:44

Funding does not only require one party to want it. It also requires bankers (or others) to agree, and no CEO can truthfully promise that.

So even if a CEO does promise finance everyone should realise it is a hope and cannot be a promise.

Finance for junior miners is always extremely difficult to obtain.

Harry is seen by some to be gullible in accepting Lanstead's finance - but what else could he do? Bankruptcy was not an attractive alternative.

He appears to have pulled it off at long last - but it is now down to a few bean-counters in the bank's due diligence. If they do not come out I fail to see how that can be Harry's fault.

[fairvalue] 26/4/2021 11:28

Hi friends,

I work for a FTSE100 company, part of my role involves dealing with shareholders with our remuneration proposals.
I can assure you, nobody cares for the opinion of any institutional holders with <5% simply because they cannot affect the outcome of a vote. So you can imagine how they'd feel about an individual's c.0.001% holding.

It may be brutal, it may be unfair, but it's the truth.

If you are not over exposed, may I suggest a cup of tea and spending some time with other parts of your portfolio.
If you are over exposed, may I suggest a cup of tea and taking the lesson not to weight so much of your portfolio on such high risk ventures.

Either way, have a cuppa :)

Stay friendly

FV

[scrappycat] 26/4/2021 11:02

BB,

Why do you insist they were promises, they never were. It detracts from your case. You also seem to neglect the fact that much of his 'salary' was taken in shares/options. As far as I recall, he has sold no shares as a cash conversion.

Also, I am of the opinion that any attempt to unseat him would fail, and add to your chagrin. Still, that is your choice if such an event comes to pass.

[shortarm] 26/4/2021 11:01

Civil wars, states of emergencyAnd even Covid 19 causing a liquidity crisis - can't believe he didn't predict it! Useless, totally useless......I say let him see it through -June, July or August doesn't make a difference to the endgame! Attempting to replace him at this stage could set us back years!

[goatherd] 26/4/2021 11:00

BBB

It is not up to you alone. You will have (I hope, and think) have a lot of opposition.

[belfastboyo] 26/4/2021 10:48

No shortarm...What's really silly is standing by and doing nothing whilst an Exec. Chairman continually dilutes his loyal shareholders to infinity whilst promising the world and constantly (Not once or twice) fails to deliver to said promises...and shareholders continuing to put up with it...whilst said Chair & BOD dine at our expense...to be clear I want him to deliver but I will not accept another failure or delay...he has had his 7 lives

[scrappycat] 26/4/2021 10:26

I must admit that securing funding does not seem to be Harry's forte. When he was with ATYM, he failed to achieve such, and it was his successor that completed the task - thankfully for me. I hope, and anticipate, that this will not be the case on this occasion.

[shortarm] 26/4/2021 10:22

Sounds a lot like cutting your nose off to spite your face at this stage in the game!Bit silly too.....

[jlwilliams] 26/4/2021 10:18

goather - "sure" was my choice of word, i really cannot remember how he expressed his certainly on the webinar. But he surely did.

[belfastboyo] 26/4/2021 10:06

I will give him credit estseon only if and when he delivers financial closure of TKGM...not before...his last wonderful success was selling almost a 1/3 of the company to RAB & others for a paltry £3m...so no I get the history lesson having been here since Nyota (10 years) but I am drawing my line here, crossing the rubicon, burning the boats at the shoreside...if he fails once more I want him gone and new leadership to get this done

[belfastboyo] 26/4/2021 10:01

Is massively undervalued today (with 3BN USD assets in the ground as a direct result of incompetence of the Chair's ability to deliver to his innumerable "promises" and RNS's stating it's on track & going to happen only to them tell us oops...no it ain't and here's another lovely dilution for you morons...no sorry I will not accept another failure to launch without action...

[belfastboyo] 26/4/2021 09:57

No of course not...what I do want is a competent Exec Chairman who delivers for once to his innumerable promises...and personally I believe the current share price

[goatherd] 26/4/2021 09:54

And "being sure" is NOT a promise.

[jlwilliams] 26/4/2021 09:48

He didn't give a date, but he was sure it would all be done before the next webinar.

[scrappycat] 26/4/2021 09:46

BB,

Fair enough, but I should point out that Harry never made promises over dates, presumably because they were never within his control with the company's reliance on the EG for funding. He always stated indicative dates.

This time would seem to be different, in that there is the possibility of alternative funding apparently. I hope for both our sakes, that this proves a telling difference.

[jlwilliams] 26/4/2021 09:46

Aviator is likely to know more about that Goatherd... but does it really matter if it did cause a drop.... as we are all relying on funding anyway. i dont really care if price tanks pre funding, as long as the funding does get done, with the consequential rise. So surely the issue is, what is the surest way to get the funding signed sealed and delivered. And if it doesnt happen by June, can we honestly say that sticking with Harry is the best way.........

[goatherd] 26/4/2021 09:40

BBB,

But the moment you start canvasing for an EGM you will cause a massive drop in price.

Is that REALLY what you want?

Its certainly not what I want!