Kefi Gold And Copper Share Discussion Threads

[sussexlibran1] 17/5/2021 08:32

If government officials are making false statements just to drop the share price and buy cheap shares then that is appalling and should be investigated. I can't believe it myself, but this is a corrupt country after all, so anything is possible.

[theaviator] 17/5/2021 08:32

Looks like we are safe though Rob? Nothing in there that makes me think anything netagive. I guess it's fair enough really as maybe just intended to put minds at ease.

[goatherd] 17/5/2021 08:28

And we only had a press report of what the "official" said.

Even English reporters have been known to make errors.

[theaviator] 17/5/2021 08:28

Oh well it's not as manipulated at bitcoin right now lol.Musk needs locking up

[robjm66] 17/5/2021 08:26

Yes only a “verbal” reference from an official strange that the companies that actually lost their areas were not named but some of those that were only warned were.

[mick1909] 17/5/2021 08:20

From the volume just looked like some Pis got the jitters which it was well bought into nothing to see here as they say

[goatherd] 17/5/2021 08:16

Contrary to earlier comments the person making the initial press conference announcement was not a Minister, but an official.

So remember this is Africa, and that official could have many reasons for making it.

Revenge as he had contacts with the original Ethiopian finance group?
He wants cheaper shares?
He has a grudge with the Minister?
He has friends who do not want to be relocated?
He is being bribed by someone in any of the four groups above?

Make up your own scenarios!

[theaviator] 17/5/2021 08:16

The RNS is fluff really.

[mick1909] 17/5/2021 08:11

Or spook the markets with fake news about a potential warning about revoking licensing stripping only to mop up cheap shares before the official announcement of funding 2 sides to every coin an all that

[katsy] 17/5/2021 08:08

Convenient hey, have the licenses stripped away before the fake finance deal is completed. Kick the can long enough to fleece investors then say sorry not our fault.

[robjm66] 17/5/2021 07:59

Molatovkid sounded like they had an increased level of interest from local investors may have even lengthened the process.

[sussexlibran1] 17/5/2021 07:56

@pennstreet - was that directed at me? If so, no. If I was I'd tell you. I hold about £20k worth over my SIPP, ISA and non-ISA. I am just fed up, after 10 years, of lack of progress. It's easy for people to criticise negativity, but I've been here for 10 years and seen nothing but promises. @mustafa has probably only been here for a couple of years max. I do honestly get the need to stay positive, but this latest rumour/news/whatever is just another kick in the teeth, and I feel that (as always) management are not being entirely honest.

[molatovkid] 17/5/2021 07:54

This must be why the local investors havn't stumped up.

[pennstreet] 17/5/2021 07:50

Are you shorting by any chance?

[sussexlibran1] 17/5/2021 07:33

@mustafa - no point in taking your frustration out on me. Filtered too.

[pensionplanner] 17/5/2021 07:30

There is nothing to reassure investors in my opinion, but this is not an unusual occurrence, so nothing to say its the final curtain on TK, which I doubt.

We must remember the only real source of information on the financing and situation is given to us by Harry and I note the financing slipped again in the RNS, which in itself could be used by the Ethiopian officials, even though explanations given to shareholders may have been quite different.

However if a different story comes out to what shareholders have received, Harry would be uninvestable but I'm sure he knows that risk. Wording such as 'not aware' is not really definitive, as its a favourite resort of politicians the same as 'I cannot recollect'.

As to elements not fulfilling license conditions.....any government can make sure that claim holds up if they really want to, especially Africa, although I've had investments in Russian companies who have suffered similarly so its not exclusive.

It will probably take the elections to be out the way and possibly another brown envelope stuffed with dollars.

Nothing sorted on finance, but nothing on the 'threat' front I haven't heard before on other companies, the majority of which retain their licenses as the public announcements in election times are the time for politician grandstanding.

Gut feeling is I reckon this is politicking only, and its on these occasions you have 3 choices: hold your nerve, lose your nerve.....BUY on weakness if it occurs, and I'm going to do the latter.

[robjm66] 17/5/2021 07:28

Seems a toned down response if anything from yesterday maybe the company and harry after running around yesterday to find out what was going on then fighting fires think panic over.

[sussexlibran1] 17/5/2021 07:27

@cutandpolished61 - if you are happy that an RNS is just a regurgitation of yesterdays Q&A then fine. Personally I was expecting more to reassure investors.

[taxlosstone] 17/5/2021 07:27

Luckily we have a former ambassador to Ethiopia on the gravy train, oops sorry, payroll. With his amazing contacts, he will have direct access to all the big cheeses in the EG & will get to the bottom of this debacle. Unless he is too busy counting his options. :-(

[pensionplanner] 17/5/2021 07:26

When I first mooted concern about licenses it was greeted by comment about how Harry is so well connected in Ethiopia? Let's hope that is so.

[cybaajak] 17/5/2021 07:21

Quote "full Project launch as soon as possible after the Company's Annual General Meeting, which will be convened in due course for a date before the end of June 2021." Unquote.

Soo, after the AGM, which currently is before the end of June, and stated in Q2, or H1 of 2021.. Thats a pretty accurate forecast for Mr Bond, no wait, Ethiopian Bankers, no wait, Different Ethiopian Investors AND Government...

Lucky if Q3 has a net result of a nil, nil draw. Onto the next great idea.

[sussexlibran1] 17/5/2021 07:20

@pennstreet - that is a fair point, and makes this all the more confusing. Which is why I think the RNS should have contained more information than yesterdays Q&A.

[chopper harris1] 17/5/2021 07:19

Well, at least they appeared to clarify the licence issue but agree that most of it is the usual ambiguous bluster.

I did notice that project commencement now appears to be happening in "the coming months" so I take it that this funding debacle is highly likely to stumble on well into H2.