Kefi Gold And Copper Share Discussion Threads

[riotinted_specs] 19/5/2021 13:00

Sure thing Taxloss I will post it now

[delta0091] 19/5/2021 12:38

Ethiopia postpones elections indefinitely over logistical issues

www.france24.com/en/africa/20210515-ethiopia-postpones-elections-indefinitely-over-logistical-issues

[delta0091] 19/5/2021 12:33

And now elections postponed indefinitely

[delta0091] 19/5/2021 12:32

The government is fighting a protracted conflict in the northern Tigray region and Abiy faces an election in June amid insecurity in much of the country.

Ethiopia has shown further signs of strain by asking for debt restructuring under a G20 framework to help countries battered by the Covid-19 pandemic.

“Two licences, two bidders. This is not a tender,” said one frustrated potential investor. Asked if the meagre interest showed lack of confidence in the government’s liberalisation effort, the person said: “When nobody shows up how else do you interpret it? When you refuse to write a cheque, you’re making a statement.”

The government has indicated that, if financial offers fall short of expectations, it might retender the licences. Ethiopia also plans to sell a 40 per cent stake in Ethio Telecom, the state monopoly, later this year.

Eyob Tolina, the state minister of finance, told the Financial Times last year that the sale would be very competitive. “This is going to be the deal of the century. It is the last frontier as far as telecoms is concerned,” he said.
.
.
.


“When the plans were initially announced, we saw excitement across the board. But now the radical transformation of the country’s political and economic landscape is presenting a host of uncertainties,”; said Margarita Dimova, head of intelligence at strategic advisory firm Africa Practice. “Those ready to commit to a long-termist view of success, and in the short-term — to sharing infrastructure with Ethio Tel — are unsurprisingly not many.”

One company that had considered a bid but ended up pulling out said the process had been opaque with little information on vital topics such as the price for accessing infrastructure. “You’re totally blind . . . you don’t know how you will invest, how you can take your cash out, and if you will have access to the foreign currency from the central bank,” he said.

[rich1e] 19/5/2021 12:31

There's a bit of it about today, Kefi's looking like a safe port in the storm

[delta0091] 19/5/2021 12:27

One thing Investors hate is instability

[delta0091] 19/5/2021 12:26

Ethiopian telecoms sell-off flops in wake of economic and security concerns

Investors worried about opacity, restrictions and political instability

www.ft.com/content/42a1d76b-d171-4c77-9066-bf2c5c45a82d

[goatherd] 19/5/2021 12:11

Tops,

What makes you think the Eg is "worth its salt"?

[topicel] 19/5/2021 11:36

It has occurred to me that any government worth its salt would have put a lot more pressure on those apparently prevaricating - like ANS - in coughing up their side of the funding.

It is supposed to matter greatly to the country's future earnings and prospects, they have invested (or will do) $20m on infrastructure (ahem, photos please, lol) and yet somehow they can't twist any arms or bang heads together other than ours?!

Brown envelope culture also comes with menaces on occasion in Africa, and probably go hand in hand.

There is definitely more than meets the eye happening here. We are a cork in the sea of Ethiopian machinations I guess...wasn't it fine when Harry said we'd absolutely be underway at TK by the last webinar?!

If he's so close with the EG why can't he get them to do the strong arm stuff instead of flagging up Kefi's failings. Unless, they don't do that unless in Tigray..."behave or we'll send the boys round".

Topicel

[scars] 19/5/2021 08:45

Still no sign of any letter! Probably just what H and the investors need, a good prod to get things over the line. Would be good to get that first financial update of May though! Can't be far off only 11 days to go!

[pensionplanner] 19/5/2021 08:38

estseon

"Perhaps an aggrieved politician was seeing campaigning opportunity..."

I would not be surprised at that, or failing that an official who has been left out of the brown envelope list.

[sussexlibran1] 19/5/2021 07:28

19th May and none of these "expected" RNS's have arrived. Quelle surprise! This is typical, and the reason nobody believes a word Harry says anymore. I've sold the small quantity I had in my SIPP for a small profit. I won't sell the rest, yet.

[rich1e] 19/5/2021 07:19

I’m still curious about the FTSE company providing finance, come on Harry names please.

[rich1e] 19/5/2021 07:04

I am slightly encouraged, on Sunday, someone on LSE predicted that Monday would be carnage. Instead, whatever is going on around the 2p level slammed the brakes on to the point that those who aren’t encouraged, could offload millions of shares at around the same level they’ve been able to for months. Yesterday someone said the big money looks like its leaving -that’s debateable in my view.

[taxlosstone] 19/5/2021 06:48

RTS. Wow. VERY encouraged. How encouraged would you be if they announced some deals? How encouraged were you before the threat of losing the TK licence? Are you more encouraged because they threatened to take the licence away? Please post your very long bullish post again that always gets lots of upticks but sadly starting to age a little as events & lack of news about funding begins to give concern to some holders. :-(

[riotinted_specs] 19/5/2021 03:10

Not really concerned about the share price to be honest but very encouraged about the volume and, in general, recently

[robjm66] 18/5/2021 22:56

From lse board
Simpkins1994

RE: AGM
Today 20:13
Just listened for TW’s new Bearcast and he mentions Kefi.
Says he has spoken to Kefi and they say everything is under control, financial closure is expected in the coming weeks and will be approved at the AGM, also says he’s not selling any of his shares.

[rich1e] 18/5/2021 22:17

Do we know what an investor making up 15 million in TK funding might expect by way of returns?

[theaviator] 18/5/2021 21:28

Aim rules - anything considered price sensitive or price moving needs to be rnsd which it would be considered. Otherwise considerable fines imposed.

[rich1e] 18/5/2021 20:03

It’s sounds as Smellyben on lse has sold up as she’d promised the other day, there’ll be no one soon. Still the share price stays stubbornly at 2p.

[robjm66] 18/5/2021 19:28

Probably were getting round to saying something more detailed about the meetings topical but would get lost if talked about right now better to let the smoke clear a bit.

Company and harry would have been too busy to say much Monday once things broke harry would have talked to anyone and everyone on the Ethiopian side then everyone in the consortium while talking to other members of Kefi and Rab capital then TW and maybe fielding a ton of emails or calls from shareholders. When you consider all the different time zones involved bet he has hardily got any sleep...anyway that’s what the boss said to say to you nervous Nellie if you had not sucked it up yet ;-)