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Looks like i might get my wish and buy back in when it's in the fours
As H said we are a long way off financing Saudi with the SIDF loan. Alternative would be ARTAR, but we would have to pay them back or face dilution. You do do realise that.
Easy to finance JQ which can finance the Saudi side with Artar and the Sidf loan.
I think you'll find Harry represents Harry first. It certainly has been that way all the way so far. To this point perennially being two years away from producing the first lovin' spoonful of gold (or copper).
This really needs to be nailed on. Has Kefi got the paperwork for this licence? One would hope so!
This is becoming very opaque.
This is taking up time that Kefi does not have, especially if they want to get this across the line by December.
We won't go into how they finance Saudi whilst no funding here in TK as this will not go down well.
Not his decision but the old mining minister that resigned before he was going to be moved effectively sacked. Its actually better to clear up the whole matter now when other mining companies are weighing up investing in Ethiopia. While Harry has said he likes the present mining minster in the past, and has been happy to fly the flag for Ethiopian mining he is here to represent kefi first.
More Psychobabble and Word salad from Harry Madoff !! LOL !!!
Questioning his authority and decision making... and potentially taking him to a administrative court is not a small matter... Questioning his decision making is dissing in all but name. You can coat it as much as you want. Making the minister appear to be making wrong decisions is hardly conducive to smooth business dealings.
Any idea what would happen if Kefi do not get that mining licence back?
Is it a strategic licence and that is why the HK shell company has snapped it up?
Company not dissing the present minister just want the matter sorted and the present minster inherited the problem from the ex minster who left a huge mess for the current minister to sort out in the mining industry generally in Ethiopia.
And ? you are still messing with the one person who can make Kefi's life a lot harder, even impossible . Heck, ministers do it in so called western democracies, so you expect it to be all 'kosher' in quasi ones ? Get on the wrong side of a politician, and their ego will react pretty viciously.
Condor;
Because if you screwed your head on and managed to find someone to read the RNS to you, you’d see that it’s nothing to do with TK project, it’s additional licences surrounding the TK project, ie additional resources.;
“its long-standing proximal Exploration Licenses ("ELs") surrounding the Tulu Kapi Mining Licence area",
To another. How on earth does the company think the banks will clear the credit when Kefi is now having an argument with the 'new' mining minister ? Kefi die hards were so sure that the previous one was causing trouble for kefi.... so what about the new one ? is he doing the same ?
😂😂😂😂😂 is that the best you can do Mr Big 😂😂
😂😂😂😂😂 is that the best you can Mr Big 😂😂
Manu17 - u need help pal
Forgot to mention all the endless placings and consolidations,
If id have stayed in this con I would of been wiped out by now but I got out lucky for me, but to watch HA keep sucking you all in like this is scandalous he always finds an excuse that something has to be over come before being able to proceed with finance, the list of excuses over the years is endless.
Trying to be cleaver bunion( I hope you've got one on your nose) I've nothing to hide and don't lie.
Highest price paid: 5.65p
Lowest price paid: 1.01p
Weighted average price paid: 1.36p
Highest price received: 5.66p
Lowest price received: 0.93p
Weighted average price received: 1.42p
30/06/2020 Sold S679163732 0.99 830,370 -8,173.19
30/06/2020 Sold S679162632 0.93 970,874 -8,994.05
30/06/2020 Sold S679161582 0.99 505,051 -4,994.05
26/06/2020 Bought B677958262 1.04 287,301 3,005.95
26/06/2020 Bought B677956562 1.01 889,328 9,005.95
26/06/2020 Bought B677954602 1.02 1,129,666 11,506.95
06/01/2020 Sold S525158572 1.72 777,864 -13,330.42
03/12/2019 Bought B506681452 1.80 777,864 14,009.95
26/11/2019 Sold S504172262 1.24 933,468 -11,515.38
25/11/2019 Sold S501757612 1.43 351,787 -5,008.05
09/08/2019 Bought B440864182 1.06 469,905 4,999.99
07/08/2019 Bought B439835042 1.23 815,351 10,000.00
27/07/2017 Sold S035156242 5.30 45,020 -2,374.11
27/07/2017 Sold S035143762 5.30 3,774 -188.07
18/07/2017 Sold S029834712 5.08 19,705 -988.08
11/07/2017 Bought B024438982 4.38 68,496 3,011.94
06/07/2017 Sold S022835552 4.66 104,130 -4,835.30
06/07/2017 Sold S022819292 4.66 6,445 -288.06
04/07/2017 Sold S022159982 4.58 13,101 -588.08
27/06/2017 Sold S019915512 5.03 19,901 -988.08
23/06/2017 Sold S019075512 4.88 7,180 -338.08
21/06/2017 Sold S017735632 5.31 8,663 -448.06
16/06/2017 Sold S015085342 5.55 1 -11.89
09/06/2017 Bought B008086312 5.65 1 12.01
08/06/2017 Sold S007794642 5.66 11,838 -658.08
02/06/2017 Sold S005862512 5.31 11,295 -588.10
24/05/2017 Bought B001679432 5.36 43,812 2,361.94
16/05/2017 Sold S942878741 5.42 6,089 -318.07
03/05/2017 Bought B935006881 5.60 25,000 1,411.95
03/04/2017 Sold S918248441 4.51 11,089 -491.05
29/03/2017 Sold S916955581 4.90 10,205 -494.10
07/03/2017 Bought B904624581 5.05 59,405 3,005.90
02/03/2017 Corporate action E 00633819 0.00 81,722 5,005.95
Your holding in KEFI Gold And Copper plc (KEFI)
Units held: 5 Overall gain/loss: £0.03 (50.00%)
First deal: 16 March 2017 Day gain/loss: No change
Last deal: 26 November 2019
YOUR HOLDING SUMMARY
Highest price paid: 5.30p
Lowest price paid: 1.11p
Weighted average price paid: 1.81p
Highest price received: 5.36p
Lowest price received: 1.28p
Weighted average price received: 2.36p
KEFI GOLD performance chart
TRANSACTIONS
INCOME
HISTORY
Date Type Reference Unit cost
(pence) Quantity Cost
(£)
26/11/2019 Sold S504171552 1.28 570,330 -7,295.12
25/11/2019 Sold S501758622 1.43 351,787 -5,008.05
13/09/2019 Bought B465524452 1.11 922,122 10,290.00
28/07/2017 Sold S035466892 5.01 92,701 -4,632.37
27/07/2017 Sold S035177562 5.22 95,786 -4,988.08
27/07/2017 Sold S034896932 5.30 94,337 -4,988.10
27/07/2017 Sold S034769612 5.36 46,642 -2,488.06
07/07/2017 Sold S023142002 4.63 5,397 -238.07
24/05/2017 Bought B001678802 5.30 73,587 3,911.91
16/03/2017 Bought B911172371 4.50 66,577 3,001.92
16/03/2017 Bought B911172191 4.50 74
Well originally it was 1000 square KM considered proximal as it is around the TK licence area and within 50km trucking distance of TK not the main licence area.
Rob; surely these are in respect of licences adjacent to TK licence, ie next door?
"its long-standing proximal Exploration Licenses ("ELs") surrounding the Tulu Kapi Mining Licence area",
ie just further expanding our mining area
Well in theory kefi could just go ahead with TK then further down the track just develop the underground deposit there and the main damage would be to the Ethiopian mining industry with other mining companies either stopping or delaying their investment in the country.However that would mean Kefi losing out on a big exploration area and future expansion in Ethiopia and would have to pivot fully to Saudi as could not justify further investment in the country.
A possible compromise could be the granting of other areas equivalent to the areas that are up in dispute to either kefi or the Hong Kong shell company but that would still be damaging to the Ethiopian mining industry if kefi got areas away from TK just less so. It would be better to quietly offer the shell company a first in the queue opportunity to new areas away from TK if you are going to offer them anything.
Having read today's RNS in its entirety what is there NOT to like. They have the finance, they have working capital, they have substantial plans, management competence and structure, local and government support etc. etc..... Remember, Kefi started and still are an exploration company but they taking all the right steps to become a substantial mining company. I see £200m plus company here In a couple of years and probably double that in 4-5 years.
Surely this relates to ADDITIONAL resources, and NOT Tulu Kapi, and consequently has nothing to do with getting the deal done?
" in respect of its long-standing proximal Exploration Licenses ("ELs") surrounding the Tulu Kapi Mining Licence area, in order to continue exploration programmes and community development which have always complemented Tulu Kapi."
Don’t forget, Manu has admitted that he holds only two Kefi shares, so he’s a VIP here !