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The burst condom pops his head up every now and again when he can find a bit of bad news on anything in Ethiopia, same old record. He is the classic investor who puts all his money in one share expecting to make a fast buck and when he looses his shirt gets bitter and twisted. This is, and always has been a high risk / reward share to be played for the long term. The mining industry operates through a sequence of stages: exploration, discovery, development, production and reclamation. He failed to get it that when you go through the first few stages, especially with a fronteer minor, more money will be required and there will be setbacks. We are close, patience is required. I find his posts amusing now, however they can be unsettling for newcomers so I do like to debunk his posts when I can. Thanks for posting 1plus1. As always, DYOR.
Oh dear - that comment shows you up a bit. I’ll explain why you are just digging yourself a hole later on when I have time. Are you that thick that you don’t understand how you’ve just shown (again) that you don’t understand what you’re talking about? Sigh…
Do you expect ethiopian banks to say "we are changing the rules, because IMF demanded it " ?
it's an open secret. IMF lay down rules when making out loans.... otherwise no loans... it's not just ethiopia but anywhere they lend money...
educate yourself..
fitchratings.com/research/sovereigns/imf-deal-supports-ethiopia-liquidity-policy-framework-20-12-2019
it's the same with IMF attaching the requirement for the currency to be devalued.... you think ethiopia will admit that they have to do it because IMF told them otherwise no loan ? silly boy.. no wonder you are so easily fooled by Harry's spiel... and boy does he know it.
Dfs for Saudi completely in the hands of the JV partners.
I agree there were serious deficiencies in the plan over the last 5 years that AH knew and didn’t publicise. However, it’s a minnow AIM exploration company operating in frontier markets - clearly very high risk from the outset (and still is). Lessons learned all round. Kefi are not the only ones being less than fully transparent about the issues they’ve faced and that’s the risk of AIM stocks. Rewards when things come good can be epic though.
Tigray wars ? How about the overall of Ethiopian capital controls and the small print issues and every other issue relating to finance . This mine had no chance of being built over the last 5 years and AH knew it , You ought to ask what could be the next reason/s to delay TK sign off or where’s the DFS for JQ ?
Probably wasnt the finest timing - ill blame TW
Yes but you bought during the Tigray War which lasted a further year and a half after your first purchase which obviously would have contributed to significant delays.
And still nothing decent has occurred - so that'll be almost 3 years of not a lot
trip down memory lane
I don't know much about the history of this company or the CEO, still researching it.. It would seem many don't think this will get funded. Only time will tell and I hope it does. Massive resource.
"This message has been filtered, please adjust your filters to view"
You know it makes sense.
Condor, unfortunately for you, writing “nothing” in all caps doesn’t make something that’s made up in your head true. It just shows what a turnip you are flapping when you are caught out. Instead of spouting made up nonsense, why not try educating yourself by Googling “national bank of Ethiopia directive FXD/86/2023 effective 8 September 2023” and then try to explain how this is in any way an “IMF stipulation”.
"I have informed both LSE and KEFI of your libelous statement."
just in case you haven't yet done this.... please do it. Thanks in advance. Look forward to hearing from the popo or the lawyers or even both.
What result ? Kefi have NO gold to sell.... never will !!
May be direct that "who cares" remark to the Harry sycophants like shortarm. Im not the one who touted the lie.
It was NOTHING to do with mining or the like for the change in foreign exchange control laws. It was an IMF stipulation that was required for any further loans to be forwarded to the country.. they were ongoing for a long time.... Harry or the mining sector had ZERO to do with it
The bizarre rant from Condor continues …. Who cares if “he” changed a law or not. The laws HAVE changed, which is a great result for the company.
He changed naff all laws.. FACT !!! prove it otherwise
Condor - you are one bitter poster. What happened, lose your shirt here in the past? Whats the point in posting incessantly for months and months spouting the same verbiage if you have no position? Don’t you have anything better to do??
Whether you believe Kefi was the driving force or not, clearly the laws have been changed to facilitate the mining sector and relaxation of certain exchange controls. This is an exceptional result. Mkango Resources are hitting this very problem in Malawi and it has delayed their approvals by years as the country will not allow free movement of funds and use of overseas bank accounts. Whilst Kefi is not going to win any awards for speed, Kefi have indeed achieved a lot over the last few years in difficult circumstances. It is Africa after all.
Ah, so you have put in writing that he has straight out lied in an RNS.
I have informed both LSE and KEFI of your libelous statement.
" he has got laws changed"
LOL.... delusions of grandeur. He got naff of changed.
You sound quite angry?,relax if it's not for you move on,more to life etc etc.
Most of what you refer to is shares which according to your overly opinionated self are worthless - hence you are saying he has got laws changed and made all this effort for free!
What a nice man.
Oh dear.... Harry's latest Proact talk, one measly sentence on TK, the rest all about gold, clouds in the sky.
Sounded like he was done with it. Ethiopia was one big massive roll of the dice.. at the expense of shareholders' money... and lost... and he knows it. But look on the bright side... you guys were charitable enough to fund his 10 years+ super luxury sunny cyprus lifestyle.. for which he is eternally grateful.
Replied to posts on advfn but not going to bore peoples pants off here I can safely leave that the TCM.