Kefi Gold And Copper Share Discussion Threads

[rich1e] 17/5/2021 19:02

My thoughts are, if there is a warning to be issued, then maybe RAB Capitol will strongly suggest that if shareholder value isn’t going to be delivered by TK funding, then the for-sale sign goes up sharpish, before they kiss goodbye to £5 million quid.

[pensionplanner] 17/5/2021 18:55

Am I concerned, yes of course, as any shareholder should be.

The main concern is the RNS, which might be a truth inasmuch as they haven't received a letter yet, but where one may be on its way judging by other comments.

Likewise 'know of no reason' or similar 'not aware of reason' 'no recollection' etc., which is often the politician speak for 'I know, but I have to keep it plausible deniability'.

Bought a few more today, so I'm certainly not a shorter, but of course I'm concerned, as I've seen many a license revoked, whether for good reason or not and if it comes out of the woodwork that shareholders were not being given accurate information....

Having been waiting and waiting for finance if the delay is attributed to Kefi....well let's not go there.

I do hope Harry hasn't been 'economical' with the truth, as it will bite hard, plus make him personally liable without protection of limited company.

[jlwilliams] 17/5/2021 18:50

One thing this warning business does clarify i think.... it would seem that the requirement for local investors ref March webinar..... is not a requirement of EG, but something more to do with a shortfall from one of the other lenders.

[rich1e] 17/5/2021 18:49

Have you read somewhere this is how long that they’ve been given, or is it something that you’ve dispassionately conjured up? Which is it?

[goatherd] 17/5/2021 18:47

Andysand,

With respect I do not agree with "That part is a fact".

It is alleged, by a newspaper reporter that an anonymous official said it.

Now even British civil servants sometimes get it wrong - and as for reporters - - -.

In the report in Mining they did NOT say it.

I am NOT saying it was not said - but I am saying it might not have been said.

Anyway if it puts a rocket under Harry's tail so much the better.

[rich1e] 17/5/2021 18:46

Where do you get the month deadline from?

[andysand] 17/5/2021 18:38

As a follower of this company for years (but no longer a holder), I can read this news dispassionately. Kefi will be sent a warning that their license will be revoked unless...That part is a fact. So the only question is this. Will this force Kefi to somehow get this endless finance saga completed? Or will it show that KEFI is incapable of getting the finance sorted?If you believe that KEFI will not get the finance over the line in the next month (as I do), then there is no reason to stay invested here as doom is looming. And if you believe that KEFI will have all this sorted out in a month, then riches await you. Which is it?

[sweetwaters] 17/5/2021 17:29

The title of this thread says it all.

[topicel] 17/5/2021 16:46

Taxloss - said son of Covid fame (he's got the long version but doing ok and working from home a couple of hours a day under doctor's orders) is notorious in our family, and no doubt beyond, in that he can't make a decision until he really has to.

I mean the most basic, shall we go to the beach or the park tomorrow type of dilemma!

We probably all know someone like that - suppose Harry is such a prevaricator??!!

Decision, decisions...

Anyway, whatever happened with the Saudi rubber stamp? What's the odds Harry hid it from them, lol.

Topicel

[robjm66] 17/5/2021 16:02

It’s a warning or not so not going to be on a list of revoked licenses. Noticed gold spiking back up did Elon say something nice?

[fairvalue] 17/5/2021 15:52

Seems to me that a reasonable and verifiable way of checking all this out is to check for Kefi on the Ministry of Mines and Petroleum in Ethiopia's list of revoked licenses: hxxp://www.mom.gov.et/index.php/revoked-licenses-2/

Is anyone able to find Kefi's mining license reference number?

[taxlosstone] 17/5/2021 15:50

Despite Goatie suggesting that there are many reasons why an official might announce imminent warnings I am going to take it at face value. Do not forget that it was the EG who first described the ANS proposed investment as a delay rather than Kefi who said everything was fine & ANS were fine people. Harry needs to break a habit of a lifetime & actually complete something.

[donegal1997] 17/5/2021 15:47

Agree Belfast, I think the stress stems from the funding that massively de-risks our investments . The rest will take care of itself and I'm happy to relax and wait when that happens but until we have that assurance it is a nervous wait.

[riotinted_specs] 17/5/2021 15:42

Spelling error - hoover

[riotinted_specs] 17/5/2021 15:42

Great volume today, really shows that people ready to hover up any sold shares. Real strong base and share price foundation

[belfastboyo] 17/5/2021 15:41

Lol Donegal...I guess my patience comes from taking a longer term view of my investment...I calmly imagine what Kefi will be worth if (hopefully when) they close funding & are building TKGM + granted 1.1k license areas, have produced a PFS for Hawiah after more great drill results, Jibal Q and other EL areas are granted & gold, silver, copper and other PGMs are hitting record prices in 2022/23/24 etc...easily 400m possible or more

[donegal1997] 17/5/2021 15:17

I've only been on this BB for 8 months and it's stressing me out. I don't know how the LTIs manage it.

[belfastboyo] 17/5/2021 14:48

I'm great Aviator...thanks for asking. I'm just chilling waiting for Harry/BOD to deliver with funding closure on TKGM by end June latest (as promised)As I have been here since Nyota days like many LTIs I remain a strong hold until the SP/market cap adequately values the company assets, NPV and prospects...which today I consider grossly undervalued (subject to delivery of funding)

[sussexlibran1] 17/5/2021 14:48

@delta0091 - bulletin boards are meant to be for everybody, but you'll notice on this one you can't post an honest opinion or anything to suggest the company might be in trouble or the bed-wetters will stick their fingers in their ears (yelling 'la la can't hear you') and will filter you. Personally, I like to see a mixture of good and bad, and agree with you re. corruption. This news could, of course, be from a nefarious government official, who knows? 2 weeks or so to wait and see.

[delta0091] 17/5/2021 14:34

15 May 2021

Companies including Kenticha tantalum mine, Tulu Kapi gold mine and Habesha mining are among the firms to which the Ministry will send a final warning letter in a few days.

www.thereporterethiopia.com/article/ethiopia-revokes-mineral-exploration-production-licenses

[theaviator] 17/5/2021 14:34

Have to hold,BB. Added a few more earlier... Probably mad in the head lol Yes if we can break above on gold I think off to the races. Am not going in short anyway unless a confirmation. Third time could break up..Hope you're well.

[belfastboyo] 17/5/2021 13:16

Agree Aviator if it breaks through 1860 and holds we are in for some good gains to 1960 or above...and copper on fire as we know and likely to continue strong Good to see that we have some strong hands on Kefi too..it has been a long painful wait for Kefi to deliver financing but happy to wait to see what next few weeks bring (AGM RNS will clarify no doubt)...