Member Info for Mattk6

Try calling Elon Musk on the phone, I've got a feeling he's not going to pick up...! There are 18,000 PIs with Kefi shares, is he supposed to be available for any that just want a chat? I can imagine if I called my company's CEO to discuss the share performance it would be a short call! You people are deluded. I'm done wasting my time on here. Bye!

Why would the Chairman of a company want to waste time speaking to a couple of small-time shareholders exactly? If your gas bill is high do you ring the boss of Centrica as well? You people are surely not for real. Sell your shares if you still own them and stop wasting your time on here with this childish nonsense.

Says the person who I quote 'got out 2 years ago with not that much of a loss, so got back in here two months ago so I`m hoping that this time it happens with no more delays it looked good back then ,its even better now.' - Have you heard the expression 'fool me once shame on you, fool me twice, shame on me'? - So if 'm a mug for backing this share you're a much bigger one...

Can you guys not just put a lid on it for another day, 30 June is tomorrow so by all means if there's not an RNS tomorrow morning come on here ****ging harry off. But if there is a positive RNS maybe you should take the opportunity to sell on the spike and do us all a favour and P**s off.

48 million shares traded today compared to about 500,000 a couple of days ago. The problem is I can't tell if that's a good or bad sign...!

https://www.londonstockexchange.com/stock/KEFI/kefi-minerals-plc/company-page

It's 9 working days now you plum.
Get on with your lockdown school work you have been set (especially Maths), stop wasting time on this forum.

Thanks for your astute observations topsharepicks. Do you own shares in Kefi? I assume not...

Hi Qnard,
OK, technically the EG could nationalise it but currently it's a patch of undeveloped land and the EG need outside expertise to build and run the mine. Ultimately, the Govt and their institutional partners stand to make 55% of the money in any case. I would imagine that as Kefi has owned the land since 2013/14 it wouldn't have come this far if it was going to be snatched away now. As you say, no-one would invest in the Country if they started doing that. Ethiopia is trying to become a developed Country and the only way to achieve that is by encouraging foreign investment.

How exactly can the Government 'boot Kefi out'? - Kefi owns the Tulu Kapi site and has a controlling share of TKGM. I suppose the EG could buy Tulu Kapi from Kefi but the whole point of the partnership is that Kefi has mining experts working for them who know how to develop the project (if it ever gets funded of course). The EG just wants to sit back and collect their share of the profits in a couple of years without doing any of the work.

I've kept faith with Kefi for a long time but they need to confirm receipt of the $9 million from either ANS or EG by 30 June or I will lose that faith. I don't want to hear any more 'look to' or 'expected' or 'anticipate' etc. Transfer of funds was meant to be 'during January' . Pull your finger out Harry. Please.

See link below from Mining Weekly site.
https://www.miningweekly.com/article/ethiopia-looking-to-bolster-investment-in-resources-mining-2020-06-17

Positivevibes - '58mil expected by the close of this month' you say and then 'don't mislead'. Rather ironic considering the reality is that the 58mil you quote is made up of the $20 mil that the govt is already spending on the roads/power plant etc. so not actually going to Kefi, and the money expected by June is only the first tranche of $9.5 mil. The rest of the ANS $38 mil is due by financial close in October. Given that they can't find $9.5 mil it's worrying where the other $28.5 mil is going to come from. So yes, don't mislead either.

That's all just lifted from the RNS issued on 14 May 2020. The part that most people have overlooked is the dilution of the Saudi partnership with ARTAR from 38 to 34%. They've effectively given away 6% since the beginning of this year. If it truly is bigger than Tulu Kapi it seems very short-sighted. Kefi's home page still says it has a 40% share which is quite amusing.

I'd advise anyone with major concerns to submit questions for the Webinar . See link below from Kefi's website.

The Company will host a live webinar at 9am British Summer Time on Wednesday 20 May
2020, which can be accessed via:
https://webcasting.brrmedia.co.uk/broadcast/5ebc18c631da814c9fc70e6b
Shareholders are encouraged to submit questions by emailing: questions@brrmedia.co.uk
The webinar will subsequently be available on the Company's website at:
http://www.kefi-minerals.com/news/webcasts.

Of course i'm 'for' this mine opening, I have a lot of money tied up here (that is worth 40% less than it was when I originally invested). My problem is that the Govt were going to 'look to' (Kefi's words) provide funding themselves by 30th June if the private investor ANS could not/would not provide their $9 million contribution by that date. If Kefi really expects funding by the promised deadline then why do a placing now when the share price would be a lot higher (potentially double) on 1st July after funding is provided? It makes no sense unless they expect that deadline to pass with no funds received. I've put this question to Kefi and my reply from them was basically that my points would be addressed in the Webinar on 20th May. I'd advise people not to invest until they've heard what Kefi say in the Webinar.

The below is taken from an article on the following website: https://www.thereporterethiopia.com. published today (16/05/2020). It doesn't sound to me like the Ethiopian Govt. is planning to put their own money in anytime soon, rather expecting that Kefi will find the money...worrying to me.
Samuel Urkato (PhD) the minister of Mines and Petroleum is satisfied with KEFI’s effort to develop the Tulu KAPI gold mines. “They have been doing a commendable job so far. They are mobilizing additional funds,” Samuel told The Reporter. “We hope that they will develop the mine and launch production as per the schedule,” he added.

Not sure that 'excitement' is quite the current sentiment. Share price still 20% down on what it was a week ago, about to go through a massive dilution, no news even though 'release of funds' was agreed on 14 Feb, major partner ANS has disappeared off the face of the earth, project start date has been constantly delayed. I had huge excitement for this share once...

SteveE60 you’re an absolute Muppet. You sold out hastily here for i’m guessing about a 40k loss a few days ago. The SP has gone up 20-30% since then and now you can’t keep off of here even though you no longer hold any shares. I think you’re better off at the Casino if you want instant results. You can certainly lose 40k just as quick...

If anyone is interested, Harry Anagnostaras-Adams was interviewed on Friday following the Operational update. I''ve posted a link below. There's nothing new here but he does mention the the frustration of shareholders over why the ANS money is taking so long. The interview is about 4 minutes long.
https://www.kefi-minerals.com/news/webcasts