Kefi Gold And Copper Share Discussion Threads

[riotinted_specs] 18/5/2021 10:46

easy ecause when KEFI deliversthe government can take credit and attribute that success to the pressure they put on TULU KAPI and KEFI

[rich1e] 18/5/2021 10:38

It makes you wonder how many closer to the project, who've spotted an opportunity, stand to get stung if EG were to pull the plug. Not to mention contractors being paid in or encouraged to buy shares.

[belfastboyo] 18/5/2021 10:34

So imho a doubling or trebling could easily occur on a legally binding financial closure RNS...but people must decide on their own risk/reward appetite...I have one have no intention of selling any of my very large holdings until I see the next big RNS and AGM information.

[belfastboyo] 18/5/2021 10:30

With respect PP if (we hope) very, very shortly financing closure is announced then the market will instantly revalue the company's value to reflect this information...TKGM is a $300m USD financing deal...with Kefis share likely to be 75%+...current market cap is c£40m @

[rich1e] 18/5/2021 10:11

PP, you're right. Maybe some will have seen the delays as an opportunity.

[rich1e] 18/5/2021 10:09

Whoever is soaking the shares up at 2p doesn't seem to have been deterred by recent events. But then I suppose that if someone has been buying up stock at 2p for three months they might have a better appreciation of what's playing out.

[katsy] 18/5/2021 10:07

Glenglad, promises from CEO mean nothing, as we all know here.

[pensionplanner] 18/5/2021 10:05

The problem now is even if financed is announced with a cloud hanging over licenses, whether real or just someone being spiteful it will hold Kefi share price back for some time, but that could be an opportunity.

[donegal1997] 18/5/2021 10:02

I think I will walk the dog for a few weeks until we get a concrete RNS. It's pandemonium on here at the minute .

[mjf58] 18/5/2021 09:58

just topped up on the dip before Lodgeview comes on stage and says "its over" :-)

[robjm66] 18/5/2021 09:50

Contractors setting up the mine government providing the infrastructure and government already given plenty of support to Kefi.

Pre Kefi and lower gold price mining companies were not exactly queuing up to invest in mining in Ethiopia and kefi has shown some tenacity to get this far and hopefully soon the rest of the way.

[scrappycat] 18/5/2021 09:44

peverill,

Perhaps because they have faith in Harry, as does, it seems, the mining community as a whole. If you have followed Ethiopian publications on Kefi, and Harry, they have historically been very favourable. Time will tell whether their loyalty was misplaced.

[pensionplanner] 18/5/2021 09:44

Rich1: you could be on the money, also leverage, but strange things occur where mining companies are concerned. This has been more than focused on because of Chinese influence in Africa....a lot more money in China than Kefi, and sometimes it just comes down to expedience.

[rich1e] 18/5/2021 09:09

He would apparently now have the EGs blessing to upset a few people

[rich1e] 18/5/2021 08:58

A warning, a shot across the bows, kick up the #rse whatever? Hopefully behind the scenes, Harry's asking the question in or out? Let's close this up, and taking action.

[scrappycat] 18/5/2021 08:45

I would just like to point out, that we had an update yesterday. Apparently, the funding issue is progressing as Kefi hoped, at this moment in time. Some people want specifics. I guess they will be provided at the appropriate time.

[robjm66] 18/5/2021 08:41

Re 12782 Pensionplanner the difference here is Ethiopia still trying to get mining industry established and kefi is a pioneer (first cab of the rank) and has practically been a spokesperson for Ethiopian mining and will hopefully have a massive impact as a revenue generator. Think in these circumstances it would be a wrong move to warn Kefi if that’s what actually happened with the project nearly over the line.

[pensionplanner] 18/5/2021 08:39

Rich: who is post 12789 addressed to?

At present we've had one or two negative announcements on the possibility of Kefi losing its license, we've had a rather unconvincing RNS from Kefi about that POSSIBILITY (emphasis on possibility rather than fact that Kefi could lose the license for TK.

But this happens all the time in AIM and in mining sector especially, but its why the potential rewards are so great, allied to the potential risks.

I'm holding. I knew the potential for resource stocks to lose licenses and you take that into consideration when investing.

Sadly I wish I'd bought a load more Altyn though. Similar market cap., but they produce decent quantities of gold.

Still of the opinion resource stocks are better than fiat paper money but I go out of my way to spread it around mindful of the risks.

[1deedee] 18/5/2021 08:38

Last week, formal meetings of the TKGM shareholders, board of directors and Project task force
(comprising senior representatives of TKGM and all involving Ethiopian Government agencies) were
held which agreed the tasks and timetable for development of the Company’s Tulu Kapi gold project
(“Tulu Kapi” or the “Project”;) to commence in the coming months

Why on earth would this meeting take place if the project was to fail, senior people from Ethiopian government were at the meeting that's good enough for me

[rich1e] 18/5/2021 08:24

Are you trying to convince me or yourselves what you should be doing. From what you're saying it sounds obvious to me. But I can help you no further

[pensionplanner] 18/5/2021 08:18

Rich1e: if there is a cop out over this lease, I would not be surprised for production timescale clause to be cited, and where unless there was funding obviously no production target deadline could be reached....and of course judging by Harry's RNS's and comments, they are the party failing on that score.

One thing you can be sure of is the City will know before we do!

At one stage countries could do what they liked with impunity, but in the last ten years that's changed and there have been cases of companies IMPOUNDING sovereign owned assets at international airports to recover monies through being deprived of licenses.

its hard enough finding decent gold, copper, silver etc. deposits, but even harder keeping hold of them!

[rich1e] 18/5/2021 08:18

Fortunately whoevers conducting the business at 2p is keeping the share price relatively stable. Have a good day all