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So the latest recycled news-driven rally peters out below the last placing price. At 0.70 there are more sellers than buyers. That alone tells you all you need to know.
Of course TW is going to give his darling Harry an easy ride! It will be a Zak Mir style puff piece. "So Harry, is your c**k two feet long or the full yard?" TW is a shareholder here so he isn't going to be asking the awkward questions like why, nearly a year after announcing it was imminent, the banking syndicate has STILL not come together.
As for chartists and breakouts coming and all sorts of other guff, if you want to know where the price goes from here you may as well ask your granny to look at her tea leaves. You cannot tell if this will rise 10% or fall 10% from here just by looking at past share prices. If you could the chartists would all be billionaires.
The price will be driven by news on the financing syndicate or lack thereof. If positive news comes it will likely pop. If it doesn't it will likely bleed down, drawing in traders from the last rally to sell at every 5% down.
My stance is unchanged. There is a reason why the syndicate has not come together to this point, and I do not believe any number of meetings, site visits, drillings or surveys will resolve it.
More than a decade after listing, the cumulative turnover of this stinking pile of merde is GBP 0. Meanwhile Harry and your board have grossly enriched themselves (and continue to do so) sending tens of millions of shareholders' funds to money heaven.
"So Harry, how much longer do you think you can get away with it?" will not be one of TW's questions. But it damn well should be.
Well joking apart Fantasy doubt Harry will get totally free ride and not going to complain about anything that gets the message about Kefi out there.
Agree though the company has to spread it PR and marketing net a bit wider than TW for instance get someone from Kefi that speaks Arabic on Saudi TV and Media after all KSA is awash with money.
Rob - correct, I am not against anyone holding KEFI or HAA to account.. TW one is a bit of a joke.. :) I don't disagree with the interview.. it is not an interview to scrutinise HAA, but a PR exercise as we are close to sign off. As I said, kefi has made good progress and it is about time to deliver.
Welcome the interview as PR exercise rather than "holding HAA to account" nonsense.. :)
What sort of MCAP could we be heading for ?
Thanks
AT 0.69p mcap is around £35m..
TK launch should see a rise of several multiples and the Saudi projects rolling out and then WOW!
We seem to be 'stuck' in a trading range of 0.65-0.7p atm presumably until we receive the next (positive) update on TK closure. I do wonder sometimes how many of the current shareholders will still be here in a couple of years time when (hopefully) we have a couple of mines in production and a share price well north, pushing double figures. Probably no green boxes by then either...lol
You are not against kefi shareholders holding Harry to account are you Fantasy 😉
Hopefully Kefi shareholders will get to hear it after TW subscribers have had first bite. If we do will write it up with notes obviously cannot write it up if it is subscriber only without breaking copyright.
Bear, we have made progress.. agreed..
What scrutiny? TW scrutinising HAA after more than 5 years of recommending the stock? :)
TW said in his bearcast yesterday that he'd be interviewing H sometime today and releasing it over the weekend.
The ground certainly seems to have shifted in Kefi's favour ,so much so that H must be confident to put himself up for such scrutiny.
Https://addisstandard.com/news-national-bank-of-ethiopia-greenlights-offshore-accounts-for-strategic-foreign-direct-investments/(Extracts)
Addis Abeba – The National Bank of Ethiopia (NBE) has approved strategic foreign direct investment initiatives to establish offshore accounts. This enables projects to conveniently deposit their proceeds sourced from equity and loan financing. The central bank aims to attract strategic investors across various sectors that can provide much-needed public goods and create new streams of foreign currency flows into Ethiopia.
Under the new law, strategic foreign direct investors can now open offshore accounts to service their external debts, pay for foreign insurance and warranty claims, meet their financial obligations to foreign contractors, cover their foreign capital and investment expenses, as well as maintenance and operation expenses…
https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1183883/ethiopia-trade-and-investment-factsheet-2023-09-14.pdf
(Ethiopia uk)
https://www.fanabc.com/english/uk-extends-5-9m-support-to-ethiopian-red-cross-society/ (Ethiopia uk)
https://www.bnnbloomberg.ca/video/peter-marrone-s-back-this-time-mining-in-africa-with-allied-gold~2767467.amp.html 2.35 minutes in Ethiopia (Allied gold)
"KEFI’s flagship project, Tulu Kapi, in Ethiopia, is a fully permitted, shovel ready project now in the final throes of completing a significant financing package, with initial site preparation expected to begin as early as September 2023."Well will have to complete board and credit approvals off before that so should be close.
Based on all interviews and Harry tenacity to deliver proper in Q4 with financial close from equity investors and project start I am expecting bank credit signoff to be end of this month or very close to it as he stands by Q3 timeline. Once that happens Harry said rest is procedural. I am banking half the $90m of sweat equity we have in project on credit signoff and the other $45m on equity close so all those expensive pina coladas in Cyprus over last 12 years will all be converted into out 70% ownership of $390m project. Mad really as we stand around £30m. Just that should take us towards £130m in equity and nearly half way to Harry valuation without even a sweat. £300m seems very achievable as he said smaller junior explorers in Saudi valued at over $1bn so while we are on the bombed out AIM market that is part of the sinking LSE ship if we could pivot to Saudi we would be quids in. Would love to top up again but up to my ears in Kefi and more than i should but these companies only come along once every few years where the chance to 10x is almost expected over next 12 months if we get TK away and some focus on JQ and Hawiah. Kefi has been an unmitigating disaster for long termers but lessons learnt i am sure but for me seeing the MOM head praise Kefi and banks doing somersaults to sort issues over last weekend we have the ears to the top so its getting to the point almost hard to imagine this not happening as MOM would not have stuck his head out praising Kefi. couple of weeks and we could be 1-2 p+ for starters.
‘Attractive valuation – Market cap is ~USD36m. Gold reserves at Tulu Kapi alone are 1.05m oz and attributable company-wide gold equivalent resources total 2.3moz. Bearing in mind that Tulu Kapi is permitted and ready for construction, with bankable feasibility study, and given expected low operating costs, the potential upside, on valuation considerations, is substantial.’
HtTps://www.goldforumamericas.com/program-agenda-gold-forum-americas/
KEFI Gold and Copper Plc
Ticker: L:KEFI
Presenter: Harry Anagnostaras-Adams, Executive Chairman
Webcast: goldforum.info/?play3135
Sep 20 9:30 am MDT
Https://www.goldforumamericas.com/company-profile/503/
Harry did mention he he was in America.
hi tenacity is what makes me believe this project is going to happen.
https://www.***************************/kefi-gold-and-copper-should-be-a-300m-company-interview/412998543
this is the first video i watched when i found kefi, he believes we will be worth £300m. they have the gold and more on the way. just needs time to start the build, worth a punt for me.
I actually admire his tenacity!!
Imagine!
Too much time,money and effort has been spent over the years and the prize (Tulu Kapi launch/producing)is far too lucrative to be abandoned now imo.
Looks like H is about to deliver finally...
Https://www.wionews.com/business-economy/us-saudi-arabia-are-in-dialogue-to-secure-metals-in-africa-report-634827 (Saudi mining)
https://www.zawya.com/en/wealth/alternative-investments/saudi-arabia-aims-to-boost-private-investment-in-mining-to-46bln-report-q7yjj2ak (Saudi mining)
https://constructionreviewonline.com/construction-news/500-million-earmarked-for-a-two-phase-development-plan-for-ethiopian-kurmuk-gold-project/ (Ethiopia mining)
https://www.ena.et/web/eng/w/eng_3331457 (Ethiopia mining)
Similar to the visit of the Australian Assistant Foreign Minster, an Ethiopian delegation led by Mines State Minister Million Mathewos attended the Africa Down Under (ADU) Mining Conference held in Australia to promote mining and mining services opportunities for Australian companies.
“It was really a great opportunity to showcase Australian mining investment potential, but also the expertise that Australia has in mining and mining services. I was very proud to be able to show the opportunity presented by Australian companies to the Ethiopian state minister,” she elaborated.
https://www.afdb.org/en/news-and-events/press-releases/ethiopia-african-development-bank-approves-104-million-funding-improve-power-supply-eastern-ethiopia-64304 (Ethiopia/African banks)
https://alliedgold.com/ (Ethiopia mining)
13-Sep-23 16:30:37 0.685 7,850,000 Unknown* 53.77k O
HtTps://tbestlaw.com/ethiopia-allows-offshore-accounts-for-strategic-fdi-investments/
Extracts
In a significant and bold move to attract strategic investors into Ethiopia and generate new foreign currency inflows, the National Bank of Ethiopia (NBE) has issued Off-shore Account Opening and Operations for strategic Foreign Direct Investment Projects (Directive No. FXD/86/2023)...
The Directive defines strategic foreign direct investment projects as PPP projects in power generation and infrastructure, large-scale mining projects with substantial export earning potential, and other FDI projects to be designated by the Executive Management on the strength of the size of investment, job creation, import substitution, foreign exchange inflows, technology transfer or sector specific impact of the FDI projects.
The Directive allows strategic FDI investments preferential treatments in three distinct areas, namely:
– opening of off-shore accounts;
– currency convertibility guarantees; and
– enhanced debt-to-equity ratios...
Chart says breakout coming up ! Fingers crossed for a ‘good’ morning !
Strange how the sp has been sticking to 68 to sell 69 to buy all a bit fishy
Hi Pedro I'm contemplating buying some today as there's good news on the way. ;^)