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Well at least the RNS explains a lot about the odd and contradictory previous RNS and webinar so that’s positive.
Also based on what occurred no way the EG take away the licence at end of October- maybe a month or two extension - HAA will want sorted pre end Nov before the loan becomes payable. IF sorted 3.5p is the minimum after finance close - still a risk given the many missed deadlines but odds just improved - bought a few more today
on q and a
How many road routes to Tulu Kapi and how long a drive are they?
A. The highway from Addis gets one to various turnoffs which all range from 1 to 2 hours from Tulu Kapi. Then there are a handful of routes on gravel roads, which take 1 to 2 hours each. The shortest route will eventually be that which is built as a new access road and it will then take about 30 minutes to reach Tulu Kapi from the highway.
Fantasy
I 100% agree with your comments which was very nicely putted
HAA had all the time in the world over the last 5 years. Whilst understandably true that some of the things were outside of his control but had enough time to sort it out. We shouldn't have been here. Security situation is now addressed, hopefully rest will follow. MOM threat is good - puts HAS under pressure to deliver next stage for mine development or vacate the place.
My personal view is that if HAS cannot deliver finance and kick start development by 31-dec-21, he should go.
Sb
May be not others here....but you are certainly dumb and will stay dumb
Once a fool always a fool
You have no idea whatsoever,
Soon we all be clear once and for all
Harry has half a million reasons to get it done by December... :)
I think now the MOM are aware of what happened then you would certainly expect an extension to be granted and could well be in the next few days and personally it is better for Kefi to release each news piece as its own RNS to build some momentum and not all get lost in a single release. Clearly big risks still on the table for Kefi but for a company on the "cusp" of a $360m funding just for TK and to be worth £25m today there is somewhat of a nice backstop with Kefi having multiple projects as Hawiah on its own is one of the more exciting in the market with a globally significant copper find. I think looking back i was certainly a little naive to think TK financial close was as close as Harry made it out to be and he should be called to account for that as it is a complex and drawn out process and his language has been poorly communicated to his detriment as well as pis. can anyone be sure we will have TK financial close in November or December? i do not think anyone can but we must be getting very close. It would be nice but for me it is not about November or December but just that we keep on moving towards the finish. However i do have a sneaking suspicion that November could be the month when parties meet to finalise and sign paperwork as December is going to be tight.
Was hoping for confirmation on the license but shouldnt be a problem
“I wouldn't touch a company with such a serious security risk and I am going to bet you no other financiers either”
https://miningwatch.ca/news/2021/10/4/canadian-miners-pursue-prospects-war-torn-tigray
https://www.newswire.ca/news-releases/east-africa-metals-and-zijin-mining-agree-to-harvest-project-acquisition-803293847.html
The reality is if enough money is involved problems get sorted if people are still looking at investing into mining in Tigray which is a lot more riskier money can be invested into TK.
Let's for today at least forget about the anger I see from some of you and be happy about those who they have been released and their family
Thanks God nothing happen to them...
On that note I let you enjoy and have fun today...
Keep the tinted glass on and well done to those who have removed it and can see far and beyond ..
Kent
You are entitled to do what you wish and keep your tinted glass on forever and me in filter that is fine...
Just like anyone else I am expressing a view here which might be different but hopefully gives a balance view on what the rampers trying to feed us..
Investment is no joke and not a play
It should be based on honesty, reliability, security, and delivering quality and value at the end
I am not seeing any of that here so should be concern and questioning those points which are yet remain UNANSWERED
How many years of promises and delays...? and you now think we should all close our eyes over most serious security issue and think this will never happen again .....how about its impact on future share price?
Seriously so naive if you think that way
We get it Stockready, you were hoping to drag the price down further but now the boat has sailed without you - but trying to pin this on Harry is beyond laughable.
You're presuming the employees were kidnapped from the mine itself, they could have been attacked while no where near the mine itself, unless you're expecting every employee to be given their own personal security detail 24/7?
There are risks in any country, more so in one in th middle of civil unrest but you can't go on in constant fear.
And you're genuinely going to criticise Harry for not publicly announcing a kidnapping whilst the kidnapping was still on going?
You are aware that Harry wouldn't have been managing that situation himself, it will have probably dealt with by authorities who may we'll have told Kefi not to make any details public until it was resolved in order to protect the employees
Syndon
You said...
Security problems are now behind us,
............
Really ?! Is that what you think? I really hope so and genuinely mean that but highlighting this news today in RNS I would be extremely concern and wouldn't say is behind us actually right in front of us
This sadly may encourages more of the same of similar incident to happen and behind the scene we have no idea what was exchanged. Again stories which Harry not sharing
I wouldn't touch a company with such a serious security risk and I am going to bet you no other financiers either
I like to know more about this incident
There is far more to it than what they are trying to feed us here...
Agreed.
I have an 'anagram app' on my iPhone for the Financial Times crossword (pink and hard in the morning), and I've just put in "Stockready1"
It has suitably suggested ; "Useless two faced tw4t best forgotten"
Stockready1 finally resigned to the filter bin.
I don't for a minute believe he can't see that Harry couldn't say what the issue was as his first priority was to protect the people.
But yet again he appears on hear like a bad smell trying to put a negative spin on events.
Into the bin you go and best bit is I wont see his reply to this message.
Onwards and upwards.
So glad I ignored the derampers and topped up all the way down.
Security problems are now behind us, now we can focus entirely on impending good news RE Financing. Condolences to Stockready1 who's Deramp material has been resolutely squashed as of this morning.
Extremely happy for those who have been saved and released unharmed
This is more than serious security issue and Harry should have said more to decent shareholders
Not sure why the share price up if this is really what happened (more to this that we still don't know)
This put a very serious doubt over the future of site, location, security, there is no way any financiers in the right mine to sign off this finance while this is happening. So a complete mess sadly
This shouldn't have happened in the first place! Why the employees were not protected? and security was not realised?
I am extremely concern over the future of this mine now if this is really what happened and like to know more about the incident ... those stories which Harry is not telling us!!
Glad everyone safe and this should never ever happen again but can Harry really give any garantee for that? No
Hopefully the Ministry of Mines will grant KEFI another extension before the 31 October deadline but I doubt the finance package will be signed off whilst the civil war is raging. Harry said in the recent webcast that the situation needs to calm down first and it seems unlikely that will happen before the end of this year
Ask now closed to 1.2 so MMs are on the ropes and some early doors buyers at 1.06 will sell on for some useful change. Looking very positive and with MOM RNS maybe next few days 1.5 looks a good landing point as 1.4 is looking very close. Obviously closer we get to people believing TK finance we should go to 2 and then 2.5 but one step at a time.
1.3 here we go, can see this going higher today.
1.3 Bid is looking very close now as 1.2 is being nibbled at. Not a single sell so far and block size is tiny so plenty of dry powder left. Could move higher quite quickly as bigger buyers have not moved in yet.
Now at 1.2 bid with 3 MMs now at 1.3 so moving fast on tiny volume. Not sure what will happen once bigger buys start coming in. That £100k buy last week now looks pretty well timed.
1.2 200,000 STFL 07:59
1.3 300,000 WINS 07:50
1.3 200,000 PEEL 07:51
1.3 200,000 SCAP 07:52
1.438 200,000 SING 07:53
1.5 200,000 MREX 07:58
Looking at Level 2 there is not a lot of resistance until 1.2/1.3 when we hit some MMs and once shorters close out their positions.
1.12 200,000 07:51
1.14 200,000 07:51
1.174 250,000 07:52
1.2 200,000 STFL 07:59
1.3 300,000 WINS 07:50
1.3 200,000 PEEL 07:51
1.3 200,000 SCAP 07:52
Okay that’s one of the first really valid reasons I have seen for a delay, I can’t see the government not extending by a month or two. If an employee had been killed or they were still held hostage this could be far far worse.
Lets see but anyone able to buy close to previous bid should be a sizeable return if Harryy can close the finance November/December. In many ways this event will galvanise everyone to crack on and create some resilinence.