Kefi Minerals Takeover Rumours (KEFI)

Kefi Minerals Chart

Kefi Minerals Takeover Price

Kefi Minerals Takeover Forum Posts

There is a difference between 'dishonesty', on the one hand and insufficient caution in his statements, on the other. He stuck with it despite two States of Emergency, the first of which resulted in the project banks running away, and the takeover of the preferred construction contractor, which necessitated a search for another acceptable to Ausdrill, the banking syndicate (at that time) and the government. It's easy to just dish out the crap. When the finance is finally secured, the company will be able to move forward with the exploration and getting JQ up and running to provide the cash it will need to continue the exploration of Hawiah and the other VMS deposits in KSA. The dilution has been horrific but can be partially remedied by building up the assets.
Doubtless I will be shot down and vilified but I can't see that HAA has failed the company or its shareholders. It was a project that was probably too big for Kefi to take on as an exploration minnow and the work and money required to get the project to development stage was underestimated. Two states of emergency and a takeover of the original preferred development contractor did not help. However, this sub-$20m company is on the brink (barring further hiccups) of raising $210m, or more than 10 x its market capitalisation.
Ethiopia’s defence minister has ruled out a military takeover...
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