Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Steve - 2 things. I haven't 'made up' any dates - I assumed like most people would, that early in the New Year or 'coming weeks' would mean January 2021. I never said the company had lied BUT they have on numerous occasions given at best 'optimistic' dates and use words like 'targeted', 'scheduled', 'on track' and when the date passes just change the date. It is infuriating! Anyway, I'm done with this discussion, I don't give you advice, you don't give me advice, ok?
Sorry to sound like a deramper or whatever (am not one!) I'm sure some of the newer members of this board are not as cynical (give it a year!) I hope some of you are going to submit your questions for the Webinar - i've had one of mine answered before. The company does sometimes answer e-mails as well (some chap called Roger). I hope we all look back on now in the near future and feel glad we held our nerve. Bye!
Steve - no offence but if you are going by what is written you are a bit naive - remember this one - 'It is currently scheduled that all these outstanding matters will be completed in the current quarter' (RNS 22nd October 2020). Oh and to be clear, the current quarter referred to ended on 31st December 2021.
Sorry Captain Pedantic - I was interpreting Harry's following statement in the December 11 RNS as meaning January - 'In Ethiopia we remain set to commence development of our Tulu Kapi Gold Project (the “Project” or “Tulu Kapi”) early in the New
Year' - I'd say early in the New Year means January not Spring.
I'm fully supportive of KEFI and have been invested for 2 years now, it's just that I'm now getting a bit tired of being told we're 'on track' for October, December, January & now March 2021. I just wish they'd be a bit more realistic with their targets (and maybe hit the odd one). I also hope there's not another 'meeting for release of funds' RNS next (see 30 Jan 2020 RNS)....
For those wantng to get in at a lower share price - wait until after the Webinar on Monday. The share price has dropped like a stone after the last 3 Webinars! I just hope Harry is not confrontational as usual, telling people they shouldn't invest if they don't ike risk etc.
My question for the webinar is - In the July 1st 2020 RNS you stated “We will not allow any distractions from achieving our target to close project financing in October this year". So given that nothing has changed since then in terms of the investor consortium, why is Financial close supposedly 'on track' for March 2021, a full 5 months late?
From Kefi's recent past dealings (giving up 6% of Saudi Assets in last 12 months, giving RAB 12% of the company for 0.65p) i'd say that's wildly optimistic. Harry would take 3p and reason that it's higher than the share price has been for several years etc. so is a 'good' deal. In any case nothing has happened in either country yet in terms of actually digging up the assets so any buyer would have to spend a lot themselves.
That link in one of the messages below about Barrick is from May 2020. At that time Kefi's shares were 0.71p so if they were interested they could have pounced then. I personally don't see what all the excitement is about, if they sell out it will be for about 3p I'd imagine and some of us who have held for a while are looking to hold for 3-5 years when the price could potentially reach 20p.
Answer re. financing from the Investors Q&A section of Kefi's website, published today:
Q: When can the company report that financings have no outstanding conditions or caveats?
A: It is normal in all project financing transactions that this can only be done after all conditions precedents are met and financings are drawn down as, until then, there remains something to be done or confirmed.
The investors Q&A section on their website has stated today that the quarterly report will be issued this month & a Webinar will follow that. There is a further answer regarding financing where they talk about the time it takes. It at least sounds to me like it's on track, although happening very slowly...
The whole market took a big hit today, Gold crashed and ALL miners were hit. Kefi was just part of the rush to sell off shares. As is usual the market will recover in the next few days, Gold will rise again and Kefi will go back above 2p whether there is news or not. So why don't you get a life & go do something more constructive with your time? Idiot.
Here's an idea - all those not actually invested in Kefi just clear off and leave this board to actual shareholders. I'm sure most of us are mighty sick of hearing all your crowing about how right you were. Go and stick your cash in a share you have faith in and just leave us Kefi holders in peace. Personally I believe in this company and look forward to a prosperous 2021.
Smelly - for someone with such a low opinion of Kefi it does beg the question why you ever bought 6 million shares in the first place (allegedly). Who invests a six figure sum in a tiny Aim share anyway? you'd have to be pretty sure of success...ahem...