Kefi Gold And Copper Share Discussion Threads

[rich1e] 14/5/2021 07:58

Not a cheap shot, Harry would appear to be out of his depth with managing investor expectations let alone anything else. But realising this now, surely if Kefi doesn't work out for me, then I will accept my fair share of responsibility for my fortunes. Live and learn they say.

[neilng] 14/5/2021 07:53

Agreed 100%

[topicel] 14/5/2021 07:45

Rich1e - no need for cheap shots.

I put it to you if you had invested £60k at various times in a share that had continuously failed to deliver yet had still, as perhaps you may have done, accepted the pitfalls of AIM investing for umpteen years and continued to 'believe' enough because the fundamentals still looked good 'on paper', that you would still have 'stayed put'. Having 'averaged down' many times.

The smart money took the hit because they were apparently rejigging their investment strategies. Ahem. With billions under management what's a few million Kefi shares that maybe cost them a few hundred k to off-load? That nothing has happened at TK in three years since suggests they were aware of more than us rabble.

Moi, my options are more limited and I have to live in hope that I will see my £60k back. In more sanguine moments I do accept I am probably deluded, but yes I'm staying put as to sell entirely will crystalize the loss for sure.

Of course Harry was largely to blame. My loss will get more 'crystalized' if we don't have financing 'imminently' as he will issue hundreds of millions more shares to 'keep the lights on'. As it is generally agreed that he failed to raise plenty more three or so years ago when he had valuations that could have underpinned the company and avoided many dodgy deals such as Lanstead. He thought he knew better which was bad business planning. A bit like not having enough in-date PPE equipment if you like, despite warnings of nasty things like pandemics and preparedness...

I'm not happy with many things but I don't just cut my nose of....etc. I'm still here because, like you, I live in hope. Even against all the evidence of the smart money going (or like Swiss bond people not even touching us) - and just maybe ANS were smart too, for all we know?

I have been in many companies (sadly) where the outcome was collapse for all manner of unknown reasons to shareholders. Some that defy belief but on reflection are as clear as day. Ausdrill, or whatever they call themselves, have not added anything for years for instance. They are standing by their gentleman's agreement and as they told me in 2018, are always waiting.

I'm sure this is the case with Kefi. I'm equally sure David Cameron genuinely believed Greensill weren't in any financial trouble and that the Government working with them would have been good for the tax payer...and he wasn't grovelling for cash for any reason other than public good ;)

Topicel

[rich1e] 14/5/2021 06:25

So, the smart money came and went, you stayed put, even though you’re not happy with the management. And that’s all Harrys fault?

[sussexlibran1] 14/5/2021 05:59

@topicel - I always wonder why they left - I am convinced Harry was honest with them and told them about the skeletons in the closet. To the contrary, all he has done with everyone else is feed them hot air.

[topicel] 13/5/2021 20:44

We did, the likes of Odey and Standard Life, and they upped and went...

They were always mentioned in dispatches by our 'Arry.

They had bigger fish to fry (sorry, changed their investment criteria/balance, blah, blah, blah).

Of course it's different this time.

Topicel

[mustafa15a] 13/5/2021 13:43

Nearly £100k dropped..... Follow the big money!!! Haha

[cool hand kev] 13/5/2021 12:34

Perhaps they can let the brakes off now 🤔

[pennstreet] 13/5/2021 12:16

Nice 4.5m trade

[pensionplanner] 13/5/2021 11:29

With all my reservations about harry's missed targets, with May likely to be another, I added quite a few this morning...all appeared in the sell column.

I don't suppose it matters much.

One day Kefi will really fly, and I can be patient, albeit not too forgiving of Harry if finances are pushed to manyana every time.

He has the resource, the leases, etc. and the market going with him in resources.

[rich1e] 13/5/2021 11:23

I agree, I can't risk all this will he or won't he business, and then hand my shares over on the cheap to someone who chose to sit it out. Risk reward.

[mustafa15a] 13/5/2021 11:10

IMHO we all know the funding is coming, it's just a matter of time, the fact that copper, gold and silver are starting to rise will make this even better.... If people want to sell now, then each to thier own.... I want a 5x - 10x out of Kefi

[scars] 13/5/2021 10:33

KEFI has been in BOT mode since the turn of the year, hence the inclining trend overall.

[pennstreet] 13/5/2021 10:30

What are these 50k trades? Tons of them

[donegal1997] 13/5/2021 08:52

Market in genera looking bearish today. It would be nice of Harry to announce funding so that I can top slice my holding to free up some funds for elsewhere.

[bostanli] 12/5/2021 19:34

Cheers Rio,my timing filling up the ISA pretty good, but overall pretty bad as I've been here a looooong time, but still excited for a great future,IHWT 😳. My Av now 2.9

[riotinted_specs] 12/5/2021 17:00

Great timing Bostanli, I believe we will get some sort of news any time now. Good price too

[bostanli] 12/5/2021 15:06

Bed&ISA done, roll on all the good news

[robjm66] 12/5/2021 15:02

Would say what has been under the radar in Ethiopia near TK is the copper prospect, a prospect near TK that I assume Kefi could go for if their exploration area was expanded on completion of TK deal as well as some other gold prospects. Copper prospect certainly looked promising to Kefi though not much detail and that was before rise in copper price.

hxxps://www.kefi-minerals.com/files/files/KEFI-NewGenGold-Conference-Pres-14Nov17.pdf

"The exploration area reserved for KEFI covers numerous prospects in highly prospective structural corridors, such as shallow gold mineralisation west of Tulu Kapi and high-grade gold-copper mineralisation north of Tulu Kapi – the common denominator being that all are within trucking distance of the planned Tulu Kapi processing infratsructure.̶1;

[mick1909] 12/5/2021 14:15

Thanks rob Approx 7 million oz of silver not too shabby and this will grow with exploration Is there any in Ethiopia?

[robjm66] 12/5/2021 13:43

A Maiden Mineral Resource Estimate (“MRE”) was announced 19 August 2020 for the Volcanic Massive Sulphide deposit at Hawiah, of 19.2 million tonnes at 0.9% copper, 0.8% zinc, 0.6 g/t gold and 10.3g/t silver.

As previously reported, in addition to the deeper drilling being undertaken, targeting a substantial increase in the maiden Hawiah resource, the Phase 4 programme will also include infill drilling with a view to upgrading key areas of the resource to the indicated category so as to warrant mine planning and the estimation of an initial Ore Reserve.

“The drilling results to date show that the Hawiah deposit remains open at depth and along strike.”

“Further exploration success could yield substantial upside; doubling the size of the resource could lift the NPV8 to US$362M at the same prices”

hxxps://www.kefi-minerals.com/files/announcements/kefi-hawiah-copper-gold-vms-project-update-13april21.pdf

[mick1909] 12/5/2021 13:17

How much resources does KEFI have in silver?

[theaviator] 12/5/2021 10:27

This may be interesting for some re banks.https://youtu.be/hYzX3YZoMrs

[marnewton] 12/5/2021 10:10

Whither gold?

hxxps://moneyweek.com/investments/commodities/gold/603231/top-up-on-gold-now-or-wait?