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Share Name Share Symbol Market Type Share ISIN Share Description
Kefi Minerals Plc LSE:KEFI London Ordinary Share GB00BD8GP619 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.1175 8.36% 1.5225 1.50 1.545 1.64 1.415 1.44 93,451,499 16:35:14
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -5.6 -0.8 - 21

Kefi Minerals Share Discussion Threads

Showing 78526 to 78544 of 80375 messages
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DateSubjectAuthorDiscuss
29/3/2020
17:08
ALthough I understood his point in the end, it is quite unbelievable...To be fair, though, you do see this a lot on AIM - agreements, contracts, etc seem to be drawn up on a 'heads we win, tails you lose' basis. We have been told that the subscription agreement has been agreed and signed by ANS and KEFI, and moreover that the initial payment we are all waiting for is 'unconditional'. How, then, could any of this be subject to change now? As I've stated before, I would rather KEFI give up a few more percent of Saudi for enough cash to get through the next, say, 12 months. Remove the constant risk of dilution, and the shareprice I believe would rally substantially; maybe even the warrants would be in the money, providing more cash. The important thing in this environment is survival, but not at the expense of massive dilution at current prices.
matthew stone
29/3/2020
16:05
New virus identified in Ethiopia called Noquid 19 is apparently running rife throughout ANS. Symptoms include: Lack of backbone Exploitative Lack of moral fibre Inability to commit Indecisiveness Total risk aversion Demanding Short-sightedness Selfishness Paralysis (of cheque writing hand) Prognosis. They'll be fine but could prove fatal for Kefi shareholders. :-(
taxlosstone
29/3/2020
12:40
So if The Angola Sovereign Wealth Fund supports companies in their country what about The Ethiopian Sovereign Wealth Fund? The KEFI project will be the country's biggest USD earner. Is there an Ethiopian Sovereign Wealth Fund? Update on the development of the Longonjo Project Pensana’s operations in Angola have been unaffected by the Covid-19 virus to date as we advance the Definitive Feasibility studies on the Longonjo project. The study is expected to confirm Longonjo’s status as one of the world’s only major rare earth mines being developed at a time when demand for magnet metals from EV and offshore wind turbine manufacturers is expected to take off. Based on the results from 57 out of 195 holes of the recently completed drill programme and subject to the usual caveats that drilling results can downgrade as well as upgrade a resource estimate the Company is expecting that the resource will be substantially upgraded. The studies into the downstream production of a NdPr rich Carbonate which will open up markets in Europe, Japan and Korea as well as China will form part of the Definitive Feasibility Study which will be reported in the September quarter. Chinese rare earth processing companies have returned to work following a longer than usual Chinese New Year break. The Company has received further expressions of interest in becoming potential partners in developing the Longonjo Project. The Company is well advanced in the documentation and regulatory and shareholder approvals for listing on the LSE and once the current turmoil in the financial markets has abated the Company will complete the Standard listing on the Main Board. The Company has recently welcomed the Angolan Sovereign Wealth Fund as a shareholder and notes the fund’s intention to further support and work with the Company and its management in the development of this important national project. Angola has successfully implemented proactive containment measures based on its previous experience managing the Ebola virus and to date, there are no reported cases of the Covid- 19 virus in the country. www.pensanarareearths.com
czar
29/3/2020
11:52
Just been listening to Abby Ahmed Prime Minister of Ethiopia on his recent interview you can find it on YouTube he talks about Corona virus and the impact it's had on Ethiopian Airlines that being the largest income 3% and the urgency to generate more cash coming into the country sounds promising all they need to do is put pressure on
1deedee
29/3/2020
10:56
Hope all is keeping well Health before wealth not many new cases in Ethiopia restrictions put in place very early
1deedee
28/3/2020
12:47
I've listened to it all so you don't have to;) From eleven minutes in or so: cash, gold and gold mines...would that we had one!) hxxps://moneyweek.com/investments/stockmarkets/601062/the-moneyweek-podcast-charles-heenan-dominoes-are-falling-be-very?
marnewton
27/3/2020
17:00
tax - I emailed them yesterday asking about payment "What progress has been made towards this and have you now been given a firm date when payment will be made and will it be before the end of this month, next month or later? “Expect and “shortly”; don’t inspire confidence and this is reflected in the current market reaction to this project." Don't think it will appear on Q&A somehow nor do I expect a reply.
digger2779
27/3/2020
16:35
I am afraid that I did not but did anyone ask on the Q&A site if they are still expecting the first payment from ANS this month? As they answered the question promptly when asked earlier in the month & have not this time, that does not bode well. You know what would be useful & would guarantee quick & satisfactory results? If we were to employ an ex diplomat of Ethiopia with contacts with all the big cheeses & using all that influence in the corridors of power, we would be on to a winner! :-(
taxlosstone
27/3/2020
15:11
I doubt the Ethiopians, in common with most African countries, will have a Contingency Fund capable of fighting the effects of the virus to any large degree, and if it develops significantly, will hit their economy hard. In the circumstances, it would seem to be sensible, and prudent, to quickly provide the funding to allow the development of the mine. In a year or so's time, this will surely provide much needed work, and foreign currency, which they will sorely need. To delay things further would, to my mind, be a totally wrong decision on their part, but who knows what is going through their minds.
scrappycat
27/3/2020
13:10
goatherd - I don't know, maybe they are but they won't be telling the likes of us! Probably got more sense.
digger2779
27/3/2020
12:36
digger, In that case why are they not simply buying KEFI shares?
goatherd
27/3/2020
12:27
goatherd - Saudi Arabia has nothing to do with ANS and it's not our fault ANS reside where they do and are restricted currency wise. OK, without their funds we aren't going to get this built and therefore SA will also stall. There is a black market rate for the Birr and I'm sure "monied people" manage to find a way to make even more money.
digger2779
27/3/2020
12:02
Fair comment, but their dithering is a large part of the reason that the share price is where it is! Unless you are saying withholding the initial payment has been a ploy all along?
matthew stone
27/3/2020
11:49
No. I am saying that the price ANS are paying for a moderate size stake in a limited portion of the Ethiopian project is far more than the market cap for a larger share of a larger project and all the (we hope) goodies in Saudi Arabia. And while most people in the world can buy at KEFI share price they cannot as they cannot get the foreign currency.
goatherd
27/3/2020
11:24
Forgive me, but I don't really understand your point - are you saying ANS should be annoyed that, although their share is potentially worth much more now, ours' has increased by even more?
matthew stone
27/3/2020
11:22
Agreed, but it's no good for either of us unless they pay something to get this started.
matthew stone
27/3/2020
11:19
But its even better for us
goatherd
26/3/2020
22:08
The Locusts also attacked the man carrying the ANS suitcase of cash just before it was handed into the local bank. The notes inside were sadly devoured, along with our hopes of ever getting a decent return on our investment.
jaylett
26/3/2020
19:26
That locust plague has been around for a while. I read that the source was Saudi Arabia, which had been unusually wet. I can't recall the connection but the swarms have also travelled east. It might be relevant to Kefi in that the locals would have given priority to getting in whatever harvest that they could before the swarms struck, or might strike. It is a shame that Covid-19 does not infect those insects.
estseon
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