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I've been wondering why you invest so much time on negative KEFI posts. It sounds like you got burned by this share and now hold a large enough grudge to motivate you to try to put off anyone else from buying it.
Everyone gets screwed at some point, but as Confucius said "Our glory is not in never falling, but in rising every time we fall. ". Seems apt for share dealing,
Extremely low volume in here today remember in july this was trading 100 million a day
It was more like 22 million shares at my high point !! Why I did
1. TK has gold and lots of it
2. Kefi had a market cap of around £6-8m
3 The govt was keen to proceed
4. I believed the RNSs that consistently said funding was agreed and unconditional and was within days of payment so I foolishly averaged down
The market cap is now 4-5 times as the share register has exploded - so much less upside and MOST importantly the management have consistently lied in their RNS - not one or two but a dozen or more and in webinars etc etc
Hence my warnings to newbies
Smelly - for someone with such a low opinion of Kefi it does beg the question why you ever bought 6 million shares in the first place (allegedly). Who invests a six figure sum in a tiny Aim share anyway? you'd have to be pretty sure of success...ahem...
Ah distant history - what was it 10 years ago? Those lawyers have been busy!
Acquisition of interest in Tulu Kapi for a start
Ethiopia october 2020
If you could point me in the direction of where KEFI has got a deal done that would be appreciated !!!! Its been years and years and still NOTHING
And you know what Smelly, deals still get done, amazing isn't it
From Advfn board
Tops
NS&I here can't even process simple paper applications and withdrawals because they bleat Covid difficulties (what a *ucking useless shower they are) so getting paper documents signed off by 2 senior debt banks, 2 government departments (the government investor and the central bank), a commercial off-take financier, a subordinated debt provider (if different), the new equity investors in TKGM, the principal contractors and Kefi not to mention teams of lawyers representing those parties is a significant Covid challenge, particularly as the players could be scattered over three continents (if the take-off provider is, for instance, Canadian) and in different time zones.
Let's hope that they can solve the logistics.
I think smelly might actually be harry .trying to gauge reaction
De-ramps might be more successful if they were less blatant. The amount of effort being expended by smelly and his merry men is actually making me more confident about this share :)
They must be either be:
a) Philanthropists devoting their own time to helping ensure we don't make bad decisions that cost us money
or
b) Trying to push down their share price to their own advantage because they either shorted it, or want to buy it.
Any guesses as to which?
I completely disagree - the EG are the ONLY party in this debacle that have actually stuck to their promises and delivered - the responsibility for lack of progress is all with Kefi and their management. Albeit the EG does face significant growing pains with the political issues I wish them the best
Is that the same tinpot country with the highest sustained economic growth in Africa (10% per year since 2008) and the second largest population?
This is a perfect example from the EG of persistent bleating about what they plan to do and no action. They, like The Greek, like to make a lot of noise about all the gold in the ground, but don’t have the bottle to finalise deals etc. That’s why they will always be a tinpot country. Likewise, Harry will always be the head of a tinpot mining company that fails to deliver year on year.
https://newbusinessethiopia.com/mining/ethiopia-plans-producing-137000-kilograms-of-gold/