Kefi Gold And Copper Share Discussion Threads

[exiledweegie] 01/10/2021 13:58

Anyone buying (or selling!) based purely on the opinion of rampers or derampers on an internet BB deserve everything they get. I do appreciate the info that people on here post (especially robjm and esteon) but when I got onboard with Kefi last year, it was being fully aware that this was a high-risk investment that could rocket to 10 to 20p, or equally that I could lose all my money. I had been gradually averaging up from my entry point of 0.9p (now averaged at 1.7p) as I thoght the potential reward was commensurate with the risk. Obviously that balance of risk has shifted somewhat since Wednesday.

The share price action of the last few days has been hideous to watch, but this was always at least a moderate risk. Building a mine in a rocky jurisdiction in the middle of a pandemic and civil war? What could possibly go wrong!?

[tom barnaby] 01/10/2021 13:53

16218

100% correct.

Quite frankly, it is none of the avatar goatherds business either.

[monte1] 01/10/2021 13:53

#16217

Perhaps he is a paid basher?

Just like all the other paid bashers on the threads of virtually every stock you have ever owned - and ramped - as they gradually head down the toilet.

[theaviator] 01/10/2021 13:51

He did hold though. Got as much right to try and call things as anyone else Goatie. It's the rampers that have done the harm nobody else!

[goatherd] 01/10/2021 13:48

Katsy,

I presume you have no holding in KEFI, and obviously you will not acquire one.

So why are you here so much?

[theaviator] 01/10/2021 13:48

I don't believe there ever were contracts or documents either. Mentioned it a few months ago. Let's see them if so...

[katsy] 01/10/2021 13:43

How do you guys know that the finance team, banks et al, even had this meeting. We only have Harry's word that this happened. We don't even know if they exist.

[exiledweegie] 01/10/2021 13:24

My optimistic interpretation of events (RNS and Q&A) is that Kefi have called the bluff of the regional dissenters, which obviously they can't announce. Pausing TK and the resultant crash in share price might be intended to show that a larger slice of $0 is a pretty poor outcome. This might give EG time to apply some pressure too. All we need is for the locals to back down and then we can get back on track.

In saying this, I'm not confident enough to plough in more cash to average down...

[jlwilliams] 01/10/2021 13:01

I think someone is just messing around, the locals putting the screws on .... just hope EG doesn't take a dim view and cancel the licence.

[shortarm] 01/10/2021 12:34

The response in the Q & A actually gives a little confidence..... let's wait and see - interesting times!

[rich1e] 01/10/2021 12:22

I'd missed out the response in the Q&A's, from my last post. But that probably deserved a mention on its own anyway

[deme1] 01/10/2021 12:03

Rich1e

get yourself over on AVCT before you miss the big jump.

[rich1e] 01/10/2021 11:50

Well this week we had a million traded on Tuesday following ever decreasing amounts of volume. An RNS of delay over security concerns, followed by a fall in the sp, followed by another RNS, a regulated news, directing investors to a chat that in many ways countered the 1st RNS. Followed by 60 million traded for two days running and 10 million so far today. If someone can take this crazy bag of snakes and lay them out straight, I'd be grateful, thanks in advance

[katsy] 01/10/2021 11:49

This could be bust by Christmas, No guarantee that the market will cough up knowing the previous 10 years of lies.

[amanitaangelicus] 01/10/2021 11:38

What.s TW saying re Kefi now? Is he eating his trousers? In the mire.

[topicel] 01/10/2021 11:23

Goatie - the share price can only improve with funding. Hawiah is probably irrelevant now without that as you must understand. So his bonus is still dependent on that too.

Sadly, you must also know that 25% is not a good rate. It is probably because he has no options too with proper financial outlets. Furthermore, when/if the security issues are resolved the company will still have billions of shares and Harry has shown he can consolidate when that is the case, as big players don't like huge share issues.

Deep down, even you must have come round to the fact this is last chance saloon time for any possibility of a profit here unless we get funding by end November. Hence why HAA needs to spell out by RNS what is/are the concerns, what has been actively done to resolve these problems - name names/departments etc. - and do so next week.

Tie it all in to a walkaway date of, say, 20th November? Tell all involved Kefi have done all they can and if the Ethiopians think they can do any better, set up a syndicate elsewhere after all this debacle, then let them try. We're going to Saudi, using another 4% of that to raise plenty for that specific venture and wave goodbye.

He should have done it long ago when ANS were playing hard (no?) ball...but has he got the guts and does he even want to? As you also know, on such a good salary, his pension pot is fine in retirement in Cyprus. Not a mutli-millionaire but still a very comfortable well-nourished Aussie future...

Topicel

[goatherd] 01/10/2021 11:11

Surely it is at least possible (or even probable) that RAB will extend the loan, to prevent dilution of their own stake?

For an ultra short term loan (such as it was; about two months was envisaged) 25% is not that unreasonable. It is also well worth paying to extend a bit, even at the same rate. Almost anything to prevent further dilution at these prices.

Incidentally the share price has to improve rather a lot for Harry to get his year end bonus.

[cutandpolished61] 01/10/2021 11:08

chopper, hi will prey for some spectacular results from saudi and hope the share price will go back to 1.5 before going to the market

[sicilian_kan] 01/10/2021 11:04

Even at these prices, anyone holding must surely be doing so knowing they are going to get another kicking in the forthcoming placing that must occur, see chopper above. Personally, I do not know why anyone is holding here.

[katsy] 01/10/2021 11:00

Scotland is now close to being like North Korea with Nick the Sturge in charge.

[sthelensrlfc] 01/10/2021 10:54

@taxlosstone - pmsl re: Scotland as a hostile jurisdiction

[theaviator] 01/10/2021 10:32

Like a falling knife as suspected.