Kefi Gold And Copper Share Discussion Threads

[jlwilliams] 18/5/2021 14:24

Thank you makka. google translated it from the Amharic. Awfully short though.

[robjm66] 18/5/2021 13:57

Well looks like no letter has been even been drafted pensionplanner so no more ridiculous than what’s gone on recently. At this rate maybe a letter will materialise after TK gets go ahead lol.

[pensionplanner] 18/5/2021 13:47

rob. That's ridiculous. Of course it will say under development if its the government site, as they suggest they haven't yet sent a letter out, and it is purported to be a final warning letter, so it will still say under development.

[robjm66] 18/5/2021 13:31

From poster Fantasy lse board.
Ministry of Mine - EthiopiaToday 12:24
hxxp://www.mom.gov.et/index.php/investing-in-ethiopia/natural-resources/

Ethiopian ministry of mining website states - No. 6 Tulu Kapi status "UNDER DEVELOPMENT"...

As I said yesterday, this is just noise. One would know by now if in shares long enough - What happens in a share when you are about to get transformational news?

GLA

[makka pakka] 18/5/2021 13:30

JLW .. try this. This is where I copied (translated) content from earlier this morninghttp://www.mom.gov.et/index.php/2021/05/17/canceled-company/

[robjm66] 18/5/2021 13:23

You would have to sign up to the TW site JL to use the link but its in full in previous post.

[jlwilliams] 18/5/2021 13:19

No,,, I meant the link where it says "HERE" in the text. I can't access the whole TW article to get to it.

[makka pakka] 18/5/2021 13:14

Here you go JL W..https://www.shareprophets.com/views/55762/breaking-kefi-new-update-from-ethiopia#disqus_thread

[belfastboyo] 18/5/2021 13:04

Thanks for adding Makka...makes sense to me

[jlwilliams] 18/5/2021 13:03

makka, please could you follow the link to the statement and post the actual web link here?

[robjm66] 18/5/2021 13:01

“Kefi was in the Ministry yesterday and that no actual letter has been drafted. Sent or received.”

[belfastboyo] 18/5/2021 13:01

And do you really think that financing of a $300m USD project from 2 respected and large African banks, an International outtake financier, the EG government and regional gov & Kefi shareholders would be fully and legally signed off "without" clarity on licenses...get real dude

[kadvfn1] 18/5/2021 12:51

Anyone able to share the share prophets article please

[mustafa15a] 18/5/2021 12:30

Yep, out with the weak blood and the pensions who can't hold anymore....this is young money haha just topped up!!!

[robjm66] 18/5/2021 12:27

hxxps://www.shareprophets.com/views/55762/breaking-kefi-new-update-from-ethiopia Full article on the lse kefi site he is still posative.

[shortarm] 18/5/2021 12:26

Neither - I've just sold a few million

[katsy] 18/5/2021 12:25

Looks like either the market has decided this is too risky or harry has started another fund raise maybe at 1.5p

[rich1e] 18/5/2021 11:46

We've bought in to make money. Do we think that Ethiopian investors, despite the government rhetoric, have sat on the sidelines throughout. A potential multibagger is of no interest to them maybe, they can't be directly involved and so they won't be investing through Kefi shares. They know the EG too well, big it up one minute, encourage interest and investment and trash everyone's capitol the next. Hardly a vote winner.

[scrappycat] 18/5/2021 11:33

Since the EG are shareholders in TK/Kefi (covering infrastructure costs), all this seems a bit like cutting off your nose to spite your face. Interesting though.

[scrappycat] 18/5/2021 11:22

Without knowing what the Warning Notice states, it is impossible to make definitive statements about its consequences. In any event, Kefi have yet to receive one, since the receipt of such would surely warrant an RNS. Some folk here, seem to wish to make a mountain over, what might prove to be, a molehill. Those who are that worried should surely sell. Its called the risk/reward ratio!!!

[makka pakka] 18/5/2021 11:09

From MoMP website dated yesterday (via google translate)...Of the 97 inspection licenses issued by the Ministry of Mines and Petroleum, 27 have been terminated and three licenses have been issued. Gold mines have been given special time to work under the contract for tantalum tantalum and tulikapi, and if they do not do so, administrative action will be taken. In the last 10 months, the sector has earned 513.92 million USD from foreign trade.

[pensionplanner] 18/5/2021 11:05

Belfast: with respect financing without firm comment from the Ethiopian Government about the lease will not do much for the share price

I agree with your second post on it, but its dependent on the EG confirming no problems with the lease.

Having the money to pursue a license you no longer hold won't do it.

Need both, and I believe we will get both, its still a question of when.