Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
and the end of the road starts here ...
https://www.thereporterethiopia.com/article/ministry-rejects-kefi-golds-deadline-extension-request
Guys, no need to get your nickers in a twist. HAA was 'advised' (read by lawyers) when he issued that infamous RNS. So he's playing a game (a legal game) which will unravel just before they try to pull his licence. His real crime is for abusing the RNS purpose. It should have been to communicate market sensitive information with shareholders not for a legal game with the GoE.
Amid security concerns and local bribery demands, financial close quietly slips into Q4 2021 - read December 31st 2021! But not to worry Saudi project is now bigger than anything you've ever seen. Loads of money! 'Arry Enfield! Lads of dosh!
Warning: This is pure speculation and not yet actual news so please treat it is as such.
Is Inchcape the White Knight about to rescue Kefi from its nightmares? I asked my buddy in war torn Ethiopia to come up with 3 of the most likely candidates that Kefi keep referring to as ‘a long term foreign/British investor in Ethiopia that wants to support the development of Ethiopia.’ He came back with just one name – Inchcape (INCH) plc. Why just one name?
He tells me it is the only one that fits the bill 110%. Apparently Inchcape has a lot of local currency stuck in the country which it can’t get out. And has stated so in its annual report, it has been using a number ‘innovative’ means to take the money out. Hope it is all kosher!
He also tells me there are not many multinationals in the country to even get close to fit the bill. Ethiopia is still a non-western socialist economy with too many government controls and restrictions which puts off modern western companies – currency convertibility and accounting rules to mention just two.
Hence, if INCH is the best candidate why all the clock and dragger from HAA? Shouldn’t an LSE listed company declare its interest in another listed company? Eventually?
We should not really care for the reasons. But if a £3 billion market cap company trusts a £35 million cap minnow with its money, then who are we to argue?
From the former BBC Africa Editor:
https://twitter.com/martinplaut/status/1426437874795388928?s=19
Fake or Paid news?
https://twitter.com/addis_fortune/status/1426168977374515206?s=19
AP newsflash 23 hours ago ... "Ethiopia armed group says it has alliance with Tigray forces"
https://apnews.com/article/africa-only-on-ap-ethiopia-b280e6622d66b7e7f9b12cd1d0041ae8
Facts not fiction?
1. PM announces a national call to arms 2 days ago to fight the northern rebels
2. Yesterday a rebel group (OLF) operating in the same locality as TK (western ethiopia) announces joining forces with the northern rebels to crush national army & overthrow the PM
3. OLF insurgents have already attacked TK in the past
4. Ethiopian Government shareholder of TK
5. Anyone connecting the dots yet?
@steve - you are absolutely right. Well done! And it seems you were more informed than you were willing to acknowledge previously. I'm sure it is the same with your tag buddy Rob the Elve. But stay tuned tomorrow is another day. Night night. Don't let the bugs bite!
Rob. I always thought you were a naughty elve. How about you try and sweet talk yourself out of this one then ...
Ethiopia PM Abiy Ahmed calls on civilians to join Tigray war - https://www.bbc.co.uk/news/world-africa-58163641
God loves you all even with all your foul mouths and insecurity. Goodnight PaulJ8529, dvharisson, dealer55 and Steve4077. HAA is cashing in his pension pot soon and screw all of you like he did his EMED investors. Whereas I feel sorry for the others who really have been tricked again by his trickery. In the end, it should not be about HAA and his wannabe surfers, its about the truth and the final warning before the new kingdom comes ... who's in for last orders?
Long day!:) Before I sign off for the day, a few observations:
1. FACT: There is always more to what Kefi tells us. How they presented/massaged the 'Final warning' letter vs. the real news is very different. Just ask yourself this - without Cracker10 warnings would you have been more or less inforned today?
2. SPECULATION: Are people like Steve0477 and dealer55 agents of Kefi here to manage 'expectations' and provide 'guidance' to the share price?
3. PROPHECY: Kefi will never raise the funds and worse news to come soon!
Good night and maybe even good bye! Remember, wherever you are tonight, the next round is on me!