Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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1.2p which was the low
Anyone care to put a value on Kefi without TK?
Well I find it outrageous, quite possibly illegal and certainly very very questionable that TW, a private investor, is having cosy chats about our company with our Chairman while us stupid little people who have funded Harry for the last number of years (4 in my case) are left in the dark. At the very most TW should have just said he was holding and not selling but to encourage others to buy when there is now a real danger they could lose everything if financing is delayed again and the licence revoked. reminds me of Goldman Sachs and the others just before the financial crisis - assuring everyone it’s all ok while quietly getting out themselves - I have no proof of course but to think that is not a real risk is to be willfully naive.
Smellyben already been a comment on the Q.A section and expect a RNS tomorrow.
TW might not be your cup of tea but you are rather crossing a line with that comment. He has held for years through all the ups and downs at tougher times than this so doubt he would be dishonestly selling when telling other to average down especially when he sees the finishing line.
Just saw the update this morning- unless there is an RNS tomorrow at 7am I’ll be selling the rest of my share for whatever I can get for them but unless they do something to reassure the market there will be carnage. I’d believe the EG ahead of our dear Leader any day of the week but this time it’s not just a delay and dilution as before but an existential event. TW no doubt will be doing the same while asking others to top up
The issue could also be down to the number of funding options available. When you have many you have multiple choices you can dictate and get this sorted quickly. When you have a few the options are very limited and generally they call the tune whether you like it or not. I guess it must be like walking on egg-shells as you do not want to p**s them off as you will be back to square one again.
As shareholders we are stuck in the middle. :-(
"Very few here will invest in Ethiopia again if the government mess this up."
PaulJ, why are you blaming the EG for this parlous state of affairs?
It's Kefi's job to find prospective investors, both international and local, for the equity and debt portion, not the EG's role.
The EG is rightfully frustrated with how bl...dy slow this financing side of the project is moving. Of course the EG wants this project actually starting with spades in the ground, for political purposes as well as providing export earnings on a grand scale. Just look at things from their perspective, and not Kefi shareholders' point of view. I have a great deal of sympathy for them running out of patience and issuing formal letters of warning.
Don't feel that an RNS will come out as so far as the company is concerned this is just speculation. Once they receive a warning notice... a different kettle of fish. They have fulfilled their obligation to shareholders by responding on their website.
However, nothing is ever that clear-cut.
There still seems to be some ambiguity about the warning letters?
Before I reinvest my profits back in here, we need an RNS tomorrow at least, to fully clarify this situation.
This certainly leaves a bitter taste in my mouth.
Are we being, to use a vernacular, being mugged off!!!!
"H.E. Dr. Muktar Kedir, Ambassador-Designate of Ethiopia to Australia meets with Mr. Harry Anagnostaras-Adams, Executive Chairman of KEFI Gold & Copper PLC
April 30, 2021 Embassy News
On the 29th of April 2021, H.E. Dr. Muktar Kedir, Ambassador-Designate of the Federal Democratic Republic of Ethiopia to the Commonwealth of Australia had a dialogue with Mr. Harry Anagnostaras-Adams, Executive Chairman of KEFI Gold & Copper PLC.
H.E the Ambassador-Designate extended his appreciation to the Executive Chairman and his team for choosing Ethiopia as their investment destination. H.E Dr. Muktar also noted that the government of Ethiopia is committed to executing an ambitious economic reform that makes the mining sector a key priority to drive industrialization.
Mr. Harry, in his part, briefed the Ambassador-Designate about the progress of the project at Tulu Kapi, and the remaining tasks that need to be completed, in the coming months, to start production. He noted that once completed, the project will be the biggest single export generator for the country; and created thousands of direct and indirect jobs for local people."
Very few here will invest in Ethiopia again if the government mess this up.
To give investors some peace of mind. Nothing to worry about.