Kefi Gold And Copper Share Discussion Threads

[donegal1997] 30/6/2021 10:55

I'm not sure in this scenario of a closed AGM are the resolutions put out in an RNS directly after the meeting or at the end of the day. Anyone have an input on this ?

[goatherd] 30/6/2021 10:33

Mick,

Your 14232. No! Even Harry cannot convert copper into gold!

It is simply a calculation of "gold equivalent", widely used in mining.

You divide the "worth" of copper (price * quantity) by the price of gold. The result gives the gold equivalent.

[scrappycat] 30/6/2021 10:22

The world governments' recognition of the need to move to a Green Technology is moving on apace, and escalating. There is a deficit in the supply of Copper currently, and this deficit will worsen markedly. Hence, the price of Copper will continue to increase,

This is not my opinion, it is based on fact. The future for Kefi is extremely promising when their Gold and Copper reserves really come into play. Now, this conclusion is opinion. : O ))

[mick1909] 30/6/2021 10:07

So is that statement converting the copper deposits into gold?

[mick1909] 30/6/2021 10:06

Whilst gold is the most valuable metal for KEFI, copper now has also become important to the Company. The Company's beneficial interest in the in-situ metal content of the three projects is a combined 2.1 million oz in gold equivalent terms. KEFI's market capitalisation is approximately US$27/oz gold-equivalent, compared to a current gold price of approximately US$1,772/oz.

[rich1e] 30/6/2021 09:14

I didn’t know if there was an equity element to the financing, that was to be voted on at the AGM? If so, we should find out what that entails and would surely count as a box ticked.

[topicel] 30/6/2021 09:00

Never referred to again - as in 'matter closed' and let's move on you mean Taxloss!

Sounds like a PM we know and love? He never lies either...

I see Money Savings Expert Martin Lewis is presenting Good Morning Britain this week and had an item on scams and how easy it is to get involved once you have put some money down - 'skin in the game' - to keep doing so to avoid losing the earlier amounts...

I'm awaiting the Secured Loan Note requests from LTIs as we drag this beyond running on fumes to 'keep the lights on'. That or private with an offer recommended for everything of 3p ... both happened to moi, but never again. The graph above does increasingly look like a life support machine monitor beeping away...

Harry still lives in Cyprus? Lol.

Topicel

[katsy] 30/6/2021 08:58

On first reading the RNS sounds definite but then on closer inspection another wishy washy statement. Harry would be a very could journalist for the daily mail. May, could, hope, If. So July it aint't then. That can keeps kicking.

[taxlosstone] 30/6/2021 08:41

Donegal. If that was the first announcement by a head honcho, the market would probably respond very positively. When you get your 20th timeline with the previous 19 missed & never referred to again perhaps Mr Market takes it with a pinch of salt. :-(

[jlwilliams] 30/6/2021 08:35

I dont think we will see much change until later in July... still come to the board about 10 times a day though!

[topicel] 30/6/2021 08:34

So not July then.

Plenty of room to swerve with phrases like "ready to proceed in July with finalisation of detailed documentation" in there, followed by "and the gaining of formal approvals" afterwards.

Only on those three possibilities happening being 'ready' and 'finalisation' and 'gaining of formal approvals' can we then get to the stage to 'trigger' the full development programme...

One part of various approvals - lol. He has said all the above in umpteen RNS and other announcements/pronouncements.

As has been stated, nothing new at an AGM, but dress it up as 'of particular note' for the uninitiated!

Topicel

[donegal1997] 30/6/2021 08:24

I thought we would see the share price move closer go 2.2p on the open. Market still not overly confident in Harry to deliver.

[bostanli] 30/6/2021 08:14

It’s coming home……

[estseon] 30/6/2021 08:04

Rich1e

there will be an RNS confirming the votes on the resolutions

[rich1e] 30/6/2021 07:54

Without getting over excited, it would be good to leave 2p behind for the last time. I wonder if there’s another RNS today, detailing what’s voted on at the AGM? Good day all

[robjm66] 30/6/2021 07:43

“and the other Government agencies involved are all ready to proceed in July with finalisation of detailed documentation and the gaining of formal approvals.“

[pennstreet] 30/6/2021 07:23

Onwards and upwards

[donegal1997] 30/6/2021 07:22

"Of particular note is that we have this week formally confirmed to the regulatory authorities in Ethiopia that the Company, its subsidiary Tulu Kapi Gold Mines Share Company, our project contractors, the project finance syndicate members and the other Government agencies involved are all ready to proceed in July with finalisation of detailed documentation and the gaining of formal approvals. "We will then trigger the full development programmes for our Tulu Kapi gold project. The passing of the resolutions at today's Annual General Meeting is one part of the various approvals required to be formalised.

[robjm66] 29/6/2021 22:12

Was put up on I think the 23rd then pulled looks like the whole article is back for those that can pay. No I do not know what it says though it has a photo of Tula Kapi hopefully a good omen.

hxxps://www.mining-journal.com/gold-and-silver-news/news/1412190/ahmed-win-good-for-mining-in-ethiopia-analyst

Ahmed win good for mining in Ethiopia: analyst
A win for Ethiopia's incumbent prime minister Abiy Ahmed in this week’s general election will be a good result for mining companies as his Prosperity party looks to the sector to revive the country’s battered economy, Piers Dawson, associate director at consultancy Africa Matters told Mining Journal...

[goatherd] 29/6/2021 18:39

Donegal,

It depends on the Market Makers who report. They CAN delay, depending on the size of the trade; but they do not have to.

[donegal1997] 29/6/2021 18:02

Can anyone explain the delayed trades in the last 2 days? They are no bigger than some of trades that went through during the day.

[fairvalue] 29/6/2021 17:46

AGMs are always remarkably underwhelming and boring things.

Unless you're Morrisons...