Kefi Gold And Copper Share Discussion Threads

[fairvalue] 18/5/2021 08:17

@PP yes, good point.

[rich1e] 18/5/2021 08:16

I'm disappointed we've not had the snippets of funding news.

[pensionplanner] 18/5/2021 08:16

fair: With respect the difference is this time Kefi is cited? Last time Kefi wasn't in the list you post?

[pensionplanner] 18/5/2021 08:13

Sadly these sort of games are part and parcel of resource investing. It happens. Usually in the company reports there is mention of uncertainties that can affect the company and usually that includes leases and mineral rights etc.

Surprised to some extent that some do not seem to realise these pitfalls (excuse the pun) in resource investing.

Rob: Two parts of your post 'might' and 'obvious'. There is no obvious until there is a resolution, and right is often not might, but might often wins.

It doesn't upset foreign investment as inevitably as a lease may be rescinded someone with usually deeper pockets is waiting to step in.

There was a major case about such an event that I can't seem to find, where a little company suddenly had its license rescinded and handed straight away to a bigger player.

Harry may have walked into a bit of a trap though, if in any licensing there is a deadline for start of production.

Still nothing to suggest this lease HAS been rescinded though, it 'may' be part of the negotiations.

These days though its often China based capital that persuades Africa.

[pensionplanner] 18/5/2021 07:54

Rich: one common cop out is that these sovereign nations see massive potential and then another big company or sovereign nation backed organisation want to take over, so a common cop out in all of the agreements is a deadline for production.

However, when that sovereign nation is party to the financing, or party to the agreement of course they can ensure delays and that can be enough for them to cite the clause on production and termination of lease.

TK looks to be a good asset, hopefully we will keep it, but Harry has been extremely naive in my opinion.

All the comments I've seen about him being best buddies with Ethiopian Government? We will see.

[mlangton1] 18/5/2021 07:51

Madness eh Jaylett? When it was first mooted we were buying TK I thought it would be a distraction from Saudi, plus giving the useless HAA more than one ball to juggle with would prove disastrous. We’d already wandered in and out of more than one country without getting anything off the ground and Ethiopia could prove one more on the list. Of course TK was a bargain that just couldn’t be missed according to many, but you’ve gotta be suspicious of someone selling a “priceless asset” for buttons. So here we sit, years later, 2 billion plus shares and another fundraising coming up. I’d wondered if Ace might get it away at just under 2p but what price now with this threat hanging over us. The faith some folk have in HAA is ludicrous. KEFI is a company with amazing potential but so poorly run. GLA as ever

[sussexlibran1] 18/5/2021 07:44

@jaylett - I agree. If this was malicious and I was Harry, I'd have gotten urgent clarification from the EG that it was an error, then issued an RNS to calm investors. Alarm bells the size of Big Ben, me thinks!

[jaylett] 18/5/2021 07:43

Not going to get into an argument as I've sold (so will no doubt shortly be accused of wanting to get back in lower), but I think you are seeing the best possible outcome rather than the most obvious one.

I will go back to lurking now. Best of luck with it, genuinely.

[pensionplanner] 18/5/2021 07:41

Rich1e: Just a few examples of leases being revoked. See the Aussie ones had their leases suddenly revoked and awarded to someone else.
I seem to recall one involved a company Freddie Flintoff was associated with.



hxxps://asia.nikkei.com/Spotlight/Caixin/In-Depth-How-Chinese-miner-lost-Pacific-Island-gold-mine-rights
hxxps://www.dawn.com/news/1597596
hxxps://www.afr.com/companies/mining/aussie-companies-stripped-of-iron-ore-projects-in-africa-20201221-p56pck

[robjm66] 18/5/2021 07:37

Middle of election campaign would be embarrassing for mining minister to seem to back track would be accused of giving foreign miners a easy ride after talking tough.

Best result now probably no more statements or RNS from anybody on the issue and rapid progress on TK.

[jaylett] 18/5/2021 07:29

If the announcement was just a rouge official with his own agenda, why hasn't it immediately been squashed by the Mining Ministry? What possible upside is there for the Government to allow the destabilisation of a key infrastructure project, unless that's what they want.

I'm amazed people are buying on the back of it. There should be alarm bells going off all over the place. It's Africa ffs and doings are afoot.

[pensionplanner] 17/5/2021 21:45

Rich1e. Sadly taxlossstone's scenario is a common one, and usually where a big player has entered the fray, and greed never stops companies.

The sh+t would really hit the fan though if EG cited a failure by Kefi, or contradicted what shareholders have been told.

Its all well and good issuing an RNS today, but that RNS was couched in doublespeak and if that's shared with previous communications, then someone could be in some real trouble both here and abroad.

[richjj] 17/5/2021 21:31

Yep I’m with you Dee Dee you’ve got to speculate to accumulate! . The fundamentals of the company hasn’t changed (I think) so I’m still holding for well over a year now. Investing / playing in the emerging markets isn’t without risks ...I know , but the rewards are still well achievable IMHO ..only time will tell I guess etc etc etc

[1deedee] 17/5/2021 21:04

Luck favours the bold

[1deedee] 17/5/2021 21:01

I'm gonna add tomorrow just freed up some funds, Mr Gamble life is a gamble are you believing or you don't on the upside it could be unbelievable, on the downside you lose money a friend of mine just got cancer puts things into perspective I've read everything I've researched everything and this is going to go ahead and buy some some chance he doesn't no problem sorry had a few beers

[nash81] 17/5/2021 20:58

government has much more to loose. i added more today too.

[rich1e] 17/5/2021 19:53

In which case I’d say good luck building an economy on mining, because no one else will touch them with a barge pole. Exploration licences? let you experienced miners spend millions with no guarantee of success.

[neilng] 17/5/2021 19:50

I have reached my limit on reading the sh!te on this BB.I will take a break until the end of June.

[rich1e] 17/5/2021 19:22

It sounds as if were in agreement pp, you would put the for sale sign up before you lost the license. A warning being a warning and not immediate loss, you asses the situation and tell the EG that you’re looking to offload to an experienced operator, quicker more efficient route to production for them.

[pensionplanner] 17/5/2021 19:06

Rich1e. you couldn't sell it if you don't have the license.

These days though, providing Kefi has been straight with shareholders, there is recourse to international courts, and even countries can be forced to pay up....but it all depends what if anything comes out of the woodwork.