Kefi Gold And Copper Share Discussion Threads

[theaviator] 09/6/2021 11:42

What today's RNS should have said was this...A special dividend to be distributed amongst all share holders at 10p......but oh no.. he concocts a whole Greek Meze to eat entirely for himself. I've never in all my life on aim seen quite the likes...Harry if you were working within a regular corp you'd have been fired years ago!

[catsick] 09/6/2021 11:40

If they can get the share price up to 5p then that also makes the ability to fund the Saudi copper project that much better , the Copper project probably now has a highnpv than the gold so getting that up and running will be massive, especially as onshore funding in Saudi should be a lot easier

[theaviator] 09/6/2021 11:06

Best post for ages especially point number 4.

[rich1e] 09/6/2021 10:48

I'll stop you at the bit about the share price not moving, it's up about 10 % in a couple of days

[whu0319] 09/6/2021 10:44

IMHO, The share price not moving IMHO may due to: 1) The current funding plan means HAA asks everybody to advance the cost of all future works and Kefi puts nothing till few years down the line (Empty hand trick) . 2) HAA's bad track records and sheer arrogance of HAA's "remote management" from Australia even during such a critical time! 3) EG govt is increasingly unimpressed with HAA and made ultimatum to revoke the license if further delay! HUGE RISK! 4) HAA lied in several occasions (e.g Previous warning by EG, the claimed $60m historical expenditure (now down to £13.6m, why?) 5) Tensions btw Ethiopia and Egypt&Sudan/down raise sharply over Abi's start of Second Filling of Nile Dam despite the potential WAR with all other down stream nations 6) US/West sanction on EG over the Tigray genocide , along with withholding of IMF funding. 7) uncertainties of approval by the BOD of all service providers to work for nothing for few years (meaning advancing funding for the future "blue sky" , which is not good bet IMO. 8) No local investors participation to all the EG gold other than govt $20m in exchange for a small stake . Well, I am very sceptical that HAA can pull this greedy trick off ! GLA!

[robertjbeck] 09/6/2021 10:19

Good to see some shareholder activism forced the REM committee to reconsider the vesting criteria for Harry's bonus. However the who episode focused my attention on corporate ethics and track record. Decided there were better opportunities with more transparent management so am out.

[taxlosstone] 09/6/2021 10:16

I just watched the Directors Talk interview. All very bullish.
It may have been an optical illusion but Harry appeared to be quite rotund. In my opinion he has rather feline features.
Far be it for me to be sizeist & animalist but to my mind it made him look like a, wait for it ......
Fat Cat. Contrived or what? :-)

[estseon] 09/6/2021 10:11

Rich1e

Hawiah is early stage but they are motoring. The price should start moving when they have a JORC and then a DFS.

[rich1e] 09/6/2021 09:54

TK funding has quite rightly taken up a lot of attention, if/when it's completed, it'll be interesting how future Saudi updates impress the market. Because recent ones have left it unmoved. Unjustly in my opinion

[catsick] 09/6/2021 09:41

Buy 10 million shares, then if the shares go to 5p you will also get a 500k usd bonus ....

[pjj71] 09/6/2021 09:39

Is Harry still waiting for the locals to open their wallets and pay up????

[pensionplanner] 09/6/2021 09:26

Topical.

Have requested they reconsider again the award.

Whether its a tick box operation or not, companies have to adhere to rules or at least not be caught breaking them.

A poster suggested its not a resolution at the AGM?

Have made representation to ensure it is.

It is not in the company's best interest if holders have only a choice of voting against all resolutions, if there is no facility for voting against remuneration 'bonus'.

At the last presentation if it encouraged investors to buy more, then it does pose a potentially difficult position for Kefi and its advisors.

[taxlosstone] 09/6/2021 09:11

Careful Tops. let him have itThat phrase got someone hanged in the 1950s. :-(

[topicel] 09/6/2021 09:03

PP - lol. Renum committee is a tick box exercise internally. Like Boris havving his veto over the reports on his or his ministers' behaviour...

But let him have it I say. The share price needs to move first for all of us and the deal done. Any normal share would be moving significantly higher as progress is made, but Kefi never manage it and yet he rewards himself...

Topicel

[rich1e] 09/6/2021 09:01

I did think that today's RNS was tongue in cheek, as given the share price touched 3p on funding consortium news in the autumn, finance signing could see 5p by the end of next month in my opinion

[scrappycat] 09/6/2021 09:01

PP,

Possibly, but the EG have shown they have teeth of late, and it is difficult to assess what impact this might have on a potential predator. At least Kefi seem well placed on that front. As you say though, accelerated timescales could play a part. However, don't forget the EG have yet to provide the completed infra structure and the location program will, to some extent, impact on this.

[taxlosstone] 09/6/2021 08:56

My post 13572 just 3 days ago. It is just a case of trusting the Company is honest & competent. That is our challenge

This whole sorry affair has made the challenge even harder for me. :-(

[theaviator] 09/6/2021 08:53

Smoke and mirrors. What cycle do you think gold will be in by production time? I know the answer to that... So it will be more of the same... 100k bonus would have been bad enough but a million quid??!?!?!?!!! Just couldn't write it.

[pensionplanner] 09/6/2021 08:50

mlangton. Indeed, but it really depends on what shareholders do about it. How many complaining holders have contacted the Nomad or Kefi let alone the LSE? If all those posting here attempted the above, it may well reflect in a different situation. Of course it could be wasted effort, but so are personal attacks on a bb and that doesn't seem to stop posters.

How many holders even know who is on the Remuneration Committee, where then shareholders could at least show their disdain when they are up for reelection or make it known how they would be voting in such a situation.

[pensionplanner] 09/6/2021 08:46

If this deal is done, then I doubt many investors will get the opportunity of selling in market at 3p or anything else as its likely in my opinion that if a deal is done, a big player will approach Kefi with an agreed takeover approach, and be acceptable to the EG in accelerating the timescales.

[mlangton1] 09/6/2021 08:44

Wow $1.5 million for getting the share price back to a fraction of what it was when he arrived. He must be p*sing himself laughing at us lot.

[theaviator] 09/6/2021 08:34

Unfort most of them can't think like that lol. Oh well.

[fairvalue] 09/6/2021 08:33

Credit where credit is due

[theaviator] 09/6/2021 08:33

So everyone now unfort will be jumping at 3p because of that stuuuupid RNS Katsy. What a really really fooish RNS to put out eh..

[pensionplanner] 09/6/2021 08:32

Looking back at awards it suggests the Remuneration Committee Annual review is not in May or June but in March. This would suggest the possibility the remuneration committee in this situation has not kept within the remit of Annual performance review and may have met to discuss this separately recently which is not within the remit of 'meeting annually', and where at no time that I can see has a bonus ever been awarded.

This needs clarification and I will contact the company and the Nomad.