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Here's a link to KEFI's reply today regarding queries over the media article stating TKGM was being sent a warning letter by the Ethiopian Govt :
https://www.kefi-minerals.com/investors/q-and-a
They sound confident enough that there's nothing to worry about...
DV - First 80% of my posts very positive. Most recent, not so much. I've been here for a couple of years nows & know the risks. This may still come good and I ain't selling but I certainly wouldn't recommend anyone else to buy in at the moment. Let's see where we are on 1st July...
I had quiet optimism when the 'meeting for release of funds' was arranged for January 2020...Anyone blaming the 'war' for the delay - not a war a 'crisis' that was put down pretty quickly or the 'pandemic' - Harry said on numerous occasions it hadn't affected Kefi at all is just making excuses for inept management. This constant can kicking is outrageous!
Probably for when they consolidate the shares which wouldn't surprise me. Either way it was bull**** to imply that the dela was concluded which that RNS was alluding. I'm sick of the lies now, i've defended this company for 2 years but no more. I don't trust them any more and I see no reason why anyone else should.
I've e-mailed the company to express my disappointment. In fact I said it was absolutely disgraceful & the Chairman should go now. No doubt it will go unread. This is going to plummet now and with good reason. That idiot over on ADVN quoting 40p within 15-18 months is no doubt trying to cobble a positive spin post as we speak. This hasn'r moved on one step since I invested in 2019 when it was 'all systems go'. Bull****...
I'll save people time regarding the RNS -
Summary: No further progress made since update in December 2021. Kefi 'hopeful' of financial close some time after June 2021. I'm just glad I don't have 11.5 million shares like some...
Let's be realistic regarding Hawiah - mining licence application targeted for mid-2022. Tulu Kapi mining licence was granted in 2015. Tulu Kapi into full production in 2023 (hopefully!) so that's 8 years after the licence was issued. So basically Hawiah is probably up to a decade away from production. I'm not waiting 10 years for that one, the market agrees going by the muted response so far today...
I'm not sure why people feel the need to print chunks of the RNS, if you want to read it, here's the link & if you can't be bothered why are you invested here? - https://www.kefi-minerals.com/files/announcements/kefi-hawiah-copper-gold-vms-project-update-13april21.pdf