Member Info for eshaitan

I agree simms it’s it a bit bizarre. There was no evidence of vote rigging. No doubt there will be a political solution with pressure from all sides.

Whether that happens soon and allows Kefi to secure finance is anyones guess. Clocks ticking and I think this time there won’t be another extension, this should have been tied up a year ago.

Now your first job old chap is to figure out who exactly will make up the government. Try to get it right first time or you may get shot as a collaborator…

https://www.advance-africa.com/tulu-kapi-gold-mine-government-liaison-officer-jobs-in-ethiopia.html

As usual all we can do is wait and watch.

The situation in Ethiopia seems to have caught everyone by surprise. Harry has 500000 reasons t get this over the line but even this situation may thwart him.

A wild card could be Saudi. If I was our majority stake partners there I would be offering a deal to take control of the whole resource. Why risk kefi slowing them down?

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.

They obviously still think this is commencing shortly. Not happy of course about the share price but they are still hiring for development.

https://m.ethiojobs.net/display-job/340033/Operational-Readiness-Manager.html?searchId=1617828270.7679&page=1

In this instance it would be worthwhile subscribing and listening to share prophets. Their take on this today makes interesting listening. Somethings afoot which we may never know fully as shareholders.

I’m not going to breach their copyright but listening might put your mind at ease a bit.

It should turn soon. As a producer and explorer the rising share price has to have an influence on this.

It’s only a matter of time.

I’m a shareholder here but even I think the person writing that broker note should be drug tested!

But I always find David Bramhill’s interviews a bit lacking in detail and ramble a bit. I started watching the ones by Reabold instead to get information on West Newton. I find them much more informative.
https://youtu.be/RFzLF8mcGvA

At this share price there is hardly any value attributed to West Newton. There's more upside than downside, but the fact they placed shares before drill results doesn't bode well in the company's confidence. It sends out completely the wrong message.

I wonder how many weeks until news?

Hopefully more news on wressle bedding in and more cashflow.
West Newton should start drilling and maybe management will get out and start talking the strategy and potential up.
September is a month to forget , but the oil sector seems to be the place to have money at the moment.

Agreed. This was always going to appeal. It doesn’t matter with wressle producing and I think it’s the drilling of west Newton that is more important share price wise. UJO still need to see if it is a viable commercial drill site.

I can explain.
The BOD created a 3 million pound share overhang leaving idiots like me to hold and take a 25% hit over 2 weeks. I have doubled down in my investment at these prices but it sticks in the throat doing so.

The rising oil price could really help here.

All ships should rise in the tide, especially those entering production!

Isn’t he called the ***** blogger because he gets paid by the company to have a view?

Here’s my view, less than a week ago the share price was 25% higher until the board completely screwed shareholders over. We lost all momentum on good news from wressle as everyone was casting an eye out for a placing RNS. I think I understand that pretty well.

I personally think SP Angel should be given their notice. …

A 2-3 million placing that has already wiped 5 million from the cap. Farcical.

Why didn’t they do a primary bid offering over a weekend for a couple of million in the high 20’s when the shares were unable to trade?

Unfortunately that’s my feeling as well.

My first question reading this is if cashflow is going to by so strong why the placing in the first place? Ridiculous.

I think I’m going to turn off for a week and let the dust settle. Good luck all.

Surely they must pull the placing? They can’t be that stupid?