Member Info for Mattk6

Oh **** off Fevertreeman you sad little ****. Posting on here every bloody day when you're not even a shareholder. You are a very sad individual. **** off and take that illiterate little bell-end Stockready1 with you.

New article on KEFI's debt level. See link below.
https://simplywall.st/stocks/gb/materials/aim-kefi/kefi-gold-and-copper-shares/news/would-kefi-gold-and-copper-lonkefi-be-better-off-with-less-d

Apologies if this has already been posted on here but there's s much **** on here it's hard to tell - Interesting comment on the KEFI Q & A page published today:
Please can you clarify the pause of the Tulu Kapi project? Is it the security concern or about the demand from the local?
A: These and other similar questions have been received from concerned shareholders. We understand that our announcement lacked detailed explanation. The Company’s statement was advised and intentional and we will provide details in due course.

Thats does make it sound like this may all be partof some game the Govt is playing to me...

OK, NOW we're ****ed! Inexcusable delay. There will ALWAYS been some security concern so they can keep pulling this stunt forever. How many times has Harry said that Tulu Kapi is far away from any conflict area? How many times has he said the media have massively exaggerated the situation? Disgraceful...

I was surprised to see less than a million shares were traded today. Out of 2 billion in issue that's a tiny fraction of a percent (can't actually work it out!) but no idea what it means. Everyone holding & waiting for news, or just no interest? We need an update by this time next week or we'll be hitting a year low I fear...

Sorry for typo - Hurricane Energy (HUR). Check them out if you want a good laugh. I was invested once but sold out while they were still going to be massive one day when I could actually see it was all going to go tits up...

Wise words from Fevertreeman - someone invested in Hurrican Energy. You know them? AIM minnows that went from about 60p a share down to 0.64 in a year...Seriously mate, why do you post here? Why does the fate of KEFI interest you if you're not invested? Do us all a favour - pipe down & push off. Thanks.

So Cherryburn & Fevertreeman - if you're both so rich & smart, why are you wasting your time posting negative comments on the BB of this minnow? Find something better to do with your time cos no-one on here gives a **** for your opinions i'm sure...

For what it's worth here are the questions I've submitted for the Webinar tomorrow:
1) How can shareholders believe that Tulu Kapi Financial Close will occur in October 2021 when so many previous target dates have been missed?
2) Does KEFI need to do a share placing prior to Financial Close?
3) When in October are you expecting Financial Close to occur, early October or by 31st October?
4) Why is the end of the rainy season relevant to Financial Close when on numerous occasions you've stated that it has no impact on the financing arrangements?
5) If the consortium has not significantly changed in the last 12 months and all parties were keen to close in March 2021, why did this not happen?
6) Have you noticed that despite the 'Full Funding Package Assembled' announcement the share price has actually dropped? Do you agree that the Market has low confidence in KEFI?
7) If, by 31 October 2021, funding has not been received, will the company go bust?
8) Can you justify your target bonus when the production start up has already slipped to mid-2023 from the target date of late 2022 stated only a couple of months ago.
9) Why is the funding target date 'at the end of the rainy season' - this could be interpreted as early September onwards and yet you then state 'October' which is well into the dry season.

At this point in time I don't give a flying **** about Hawiah so I'm hoping he's grilled about Tulu Kapi for the whole hour!

Smelly are you just bitter cos your EUA shares have dropped 14% in the last 2 days? That's way down on what you bought in isn't it? Why don't you spout off on that BB instead?

Final thought - I only look at this site to see if fellow KEFI holders have any news or links I may not be aware of that are relevant to me as a fellow holder (such as the Director's Talk interview Harry gave the other day which I would otherwise not have seen). What I don't get is why non-holders (mostly illiterate) would bother to post here spouting rubbish, biased opinions, & generally wasting their own time. I don't get it at all - have you guys really got nothing better to do wih your lives? I'm not going to post here again but good luck to all genuine holders, in 12 months we'll be glad we made this decision.

Someone explain to me why if the company is 'on the brink of going bust' & the funding not happening why they would go to the trouble of arranging the Executive Bonus Plan, then modifying it following criticism? And also announcing the Grant of Share Options back in March? Says to me that things are definitely going ahead.

Smelly, the below is from the Auditor's report of the 2019 Annual Results. Pretty much same wording as 2020 report and despite no progress KEFI still going a year later.
Material uncertainty relating to going concern
We draw your attention to note 2 of the financial statements which explains that the Parent Company and the
Group’s ability to continue as a going concern is dependent on the Company’s ability to raise adequate
financing from lenders, shareholders or other investors before Q3 2020, in order to meet operational
commitments and overheads. In addition to this, the Group have noted further uncertainty created by the
COVID-19 pandemic which could impact the ability to raise further funds. These conditions indicate the
existence of a material uncertainty which may cast significant doubt over the Parent Company’s and the
Group’s ability to continue as a going concern. Our opinion is not modified in respect of this matter.

If they need to raise funds to keep going i'm sure they'd do a placement, as they have done since 2006. Whatever happens short-term with Tulu Kapi the company will not go bust so stop scaremongering.

Does make me wonder why you, a non-holder, gives a flying fig anyway....

I'm going to go out on a limb here and say that Harry will announce Financial Close is done by Friday of this week, in time for the Monday Webinar where he can present one of his slideshows & answer questions on the details. Would also tie in nicely to annnounce on Friday prior to the Election on Monday. I'm also going to predict that we'll be at minimum of 4p by 1st July 2021. Call me a smelly Ben if i'm wrong...

There will be a Webinar RNS issued tomorrow I assume, with the link details & time. This is from the annual report published on 07/06/2021: 'The Company will conduct its quarterly shareholder webinar on 21 June 2021, the details of which will be published closer to the time.'

Tulu Kapi is not 'worthless' it's an asset with a proven gold reserve. Kefi bought it for over £5 million without a mining licence in 2013. With the current gold price & the licence from Ethiopian Govt it's woth tens of millions as it is right now without any financing in place. Look at GGP - nothing happening there for years but share price gone from 1p to over 20p just on identified reserve.

If the funding for Tulu Kapi was likely to fall through, my view is that KEFI would already have done a fund raise this month at the current share price in order to have cash to fund the remaining Hawiah asset through to financing. The share price would likely drop to well under under 1p if Tulu Kapi was pulled. Even then it wouldn't be terminal as KEFI owns the site so they could sell it to keep going in the short-term. I think we'd know by now though if it was goings T@ts up! The webinar on 21st June tells me that Harry will have some good news to announce either tomorrow or Friday.

The fact that the story has not made it into the english language version makes me think that it probably isn't even a newsworthy story as far as the editor of the English version is concerned. Also, I'm sure Harry would not have given the Director's Talk interview the same day of the article (9th June) & not addressed it if there was any real concern. I personally think there will be positive news prior to the quarterly webinar on 21st June otherwise they wouldn't be holding it.

I've checked the english language version of the Ethiopian Reporter and that supposed article on TKGM published linked here on Friday should appear here -https://www.thereporterethiopia.com/business The fact that it's not makes me suspect that it was a mock-up created by the member cracker10 (who only joined here & ADVN on Friday just to post about the article). The fact that major derampers like SmellyBen leapt on it as being 'evidence' that the company is about to lose the licence just shows how deluded they are...

I think the steady increase in the share price over the last couple of days is indicative of how this is progressing. If there was any massive doubt over the funding it would be tanking right now. I was in Sirius Minerals a couple of years back & when it became obvious funding was not coming the share price tanked 70% in one day! I'm pretty confident here.