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Since Jun 2000 this share has jumped 100%, I thought I had missed out but if it drops to 1.3 I may jump back in. If you was in here before Jun 2000 you may have had a good increase if you bought on the lows.... Funding has been spoken about for the last 4 years now....
Construction starting in 2021 with the first Gold production in 2022. It doesn't take 1 year to build a CIL Plant, My concern is that this is yet another delaying tactic and the money will not come in Oct 2020. If they were certain that funding was coming they could have struck up a deal with a Chinese Company to start the CIL Plant foundations now, but not so it is not confirmed....
bunion - Are you Harry? if not you must be one of his cronies......
It the same type of RNS issued in 2018. Its yet again a delaying tactic to sucker the newbies into buying..... Bunch of Covidiots.... Yes it is Government backed but this has been said for the last 2 years now.... I cant believe a single word Harry says anymore as it been 1 drivel after another and most of you guys believe the SH.t that come out of his mouth.....
Oops... As i thought and as I've been saying for some time now. This was always going to drop. Harry has been promising this funding for the last 2.5 years now. This will drop further and for 1 I'm glad as I may dip my toe in again once its down to .70. The Saudi Projects may have a better chance of delivering than the Tulu Kapi.
Get out now..... This is the time to get out.... Coronavirus..... Money will only be transferred once it is safe, and safe Ethiopia is not....
The only thing that is pretty certain is the Coronavirus....... In most parts of Africa in the coming weeks... and this will delay the Project by months if not a year or so.....
OMG.... This scenario has been going on since Mid 2018. Since Sep 2018 Harry has been saying this is imminent and will happen in weeks....... BANG...... nearly 2 years later we are all in the same situation as before. I honestly hope you guys make some money, I know Africa as I work in Africa but come on guys its time to admit that Harry has yet again let us all down massively....
This will collapse again as it has always done. I originally said this would be .65 come Jan 2020, I will revise my last statement to say this will be at .85 come Jan 2020. Then come March 2020 back to .6 or lower.
Unfortunately the term "Buy" was mentioned over 1 year ago and since then we've seen the share price drop 50%. We've also heard the term "imminent" mentioned over 1 year ago. Imo there will be further delays until early new year.....
Craig........ Be very careful mate, KEFI have been promising news on this funding for over 1 year now, usual expectation and going on by past news, this could be delayed again and again and again (we've all seen this)....This could plummet to somewhere in the region of 0.6....... If this is that good why oh why hasn't there been buying, people have lost hope in Harry and Kefi....... My prediction was correct from 3 months ago...... This will be down in the 0.6's by Jan 2020.
You guys just keep saying the same old thing over and over again, Way undervalued, massive payout soon, breakout. All this has been said since Aug 18 and a year later still no nearer. Always Harry comes up with something or an excuse, albeit some of it is out of his control but yet excuse after excuse and no one is happy hence the sharprice is ****. Imo this aint going nowhere until early 2020......
Thanks god I sold up last week after the delaying RNS. I've still had this on my radar and still will. This is very poor management, shocking. Cannot believe from 3 weeks ago this has gone done from the highs of 2.00, I am shocked and feel sorry for the people who are still in and propping up Managements Salaries. Harry has clearly shown he is full of sh.. as all the promises from 10 months ago about this being huge now look where it is.... Lets just hope that the funding comes through soon and gives hope with the Shareholders. 2 Companies I was following closely Prem and Kefi now look at the mess.......
Come on Charlie..... I'm sure you can ramp this up again as you did back in Oct 18 with regards to Cadence..... Oh you can't gone all quite have you....
This has got the potential to be 10 x the price it is now but everyone has lost interest and lost hope. We have been waiting for the money since Aug 2018 with all the crap Harry delivers (next week, soon next few days so on and so on - talk is cheap). its all crap coming from him.... I'm out now... made a slight loss, but I now think this will drop and drop as it has already been and this will happen or the the next 2 months. Before any good news hits this will be at sub 1 (down to .95 or even .8 ish). Have got this on my radar and will check occasionally and maybe get back in once it goes lower but my concern is even on the last good news this rose 40% then dropped like a sinking ship, and even on the next good news this will only claw back from the historical lows to about 1.8...... good luck all..... AS THIS IS AFRICA IT MAY NOT EVEN COME ABOUT..... Pause for thought guys............
So we have been told that ANS Mining has confirmed its first installment of US$11.4 million (Ethiopian Birr equivalent) will be released to trigger community resettlement and other development tasks; meaning this will be done anytime with a completion date of Nov 19. So Kefi has to make sure all security is taken care of and this has to be approved by the EG before we see the first lot of funding. I would say anytime from now until end of Aug 19. So very annoying but this is Africa. I am utterly annoyed but what can we do, sell now and run or wait it out another coupe of months tops.
So no date of receiving the money on the RNS. Typical..
. All lies and deep down we all knew in our hearts a delaying RNS was going to happen what with Harry's past record. Well this could now happen anytime from Monday next week and may catch a lot of people out. Harry now needs to out a deadline on this. EG screwing us all around.
I think we shall be getting a delaying RNS either later today of Tomorrow before the AGM. It is the usual thing with Harry; he leaves it until the last minute then comes up with more excuses. But then again he's only the puppet in the scenario the Ethiopian Gov are to blame.... if this first lot of money is delayed more than likely the 2 and 3rd lot will be delayed, Meaning the production date will be pushed back again and again.
Get ready for another delaying RNS, this will be issued prior to the AGM, In it it will state due to economical problems and security at the Camp (i,e Camp shed got broken into and the recent Coup), these will be the excuse for the delay. I really hope I am wrong but Harry's past record is all we can go on..... Be prepared for a 15% drop before Fri.
1 big pointless RNS, if anything all this has done is scare people off and that's reflected in the Share price.... Harry has got to be the biggest Ramper here, (in a couple of days, next week, next month, soon, its all go, nearly there, we are going to be big). Well just shut up, talk is cheap Harry and your wearing thin now.....