Member Info for PaulJ8520

I too am remaining positive about this company... RNS within the week as per the company's articles of association.

Nor me, I hold in two separate brokerage accounts and neither have paid the Final dividend. Oh dear, have I missed something?

I'm not reading this as some are...

It appears that these are existing 'granted' licences that were up for renew, and, given the EG are paying close scrutiny to licences, and their renewal, I think this bodes well for the faith the ministry has in Kefi and it's efforts to date.

IMO

I'm excited about this share as anyone, but we need the permit to drill before this really takes off... patience required for now.

Loz, did you really mean £5?

Is this the same bloke:

https://find-and-update.company-information.service.gov.uk/officers/nC7e2AVlkzW2hPa2uRtgExT6gqM/appointments

"H.E. Dr. Muktar Kedir, Ambassador-Designate of Ethiopia to Australia meets with Mr. Harry Anagnostaras-Adams, Executive Chairman of KEFI Gold & Copper PLC
April 30, 2021 Embassy News
On the 29th of April 2021, H.E. Dr. Muktar Kedir, Ambassador-Designate of the Federal Democratic Republic of Ethiopia to the Commonwealth of Australia had a dialogue with Mr. Harry Anagnostaras-Adams, Executive Chairman of KEFI Gold & Copper PLC.
H.E the Ambassador-Designate extended his appreciation to the Executive Chairman and his team for choosing Ethiopia as their investment destination. H.E Dr. Muktar also noted that the government of Ethiopia is committed to executing an ambitious economic reform that makes the mining sector a key priority to drive industrialization.
Mr. Harry, in his part, briefed the Ambassador-Designate about the progress of the project at Tulu Kapi, and the remaining tasks that need to be completed, in the coming months, to start production. He noted that once completed, the project will be the biggest single export generator for the country; and created thousands of direct and indirect jobs for local people."

Very few here will invest in Ethiopia again if the government mess this up.

In the company's response:
"Only last week we had formal Meetings of TKGM Shareholders, Board of Directors and Project Task Force (comprising senior representatives of TKGM and all involved Government agencies) which agreed the tasks and timetable for development to commence."

The Reuters article notes:
"Ethiopia has cancelled 27 idle mining licences and sent warnings to three companies, the mines ministry said on Friday, as the government looks to spur production."

Quite right... give Kefi a kick up the uknowwhat... just hope they cc'd themselves in as they are part of group!

http://www.undp.org/content/dam/armenia/docs/FINAL%20REPORT%20KARABERD-ENG.pdf

Why don't they just buy SAU for £10 Million and gain all the other assets in the process???

Do we have a 50% earn-in interest in Taechang, Weolyu, Heungdeok and Hampyeong does anyone Know?

The Tulu Kapi Gold Project (the "Project" or "Tulu Kapi") remains on track overall, in line with previous guidance with the financial closing program having commenced and remaining in progress. Notably, the project finance consortium remains focused on:

· approval and execution of detailed finance documentation in the current quarter, Q2 2021;

· receipt of Project equity/subordinated debt subscriptions to settle following the KEFI Annual General Meeting in June 2021 and senior debt drawdown to then follow in H2 2021; and

· production commissioning of the open pit mine to start in Q4 2022.

They're not forward selling these warrants are they???

Agree Mickthegambler, and if it was institutional, well they have different policies to retail traders.

If anything it provides liquidity for price movement

17th March 2021:

In accordance with the Option Scheme, the directors have approved the issue of 119,747,339 Options over new
ordinary shares of the Company (“Ordinary Shares”) to certain directors and senior managers (the "Options"). The
Options have an exercise price of 2.55p per Ordinary Share, representing a c.27% premium to the VWAP during the
week ending 12 March 2021. The Options expire after 4 years and, in normal circumstances, vest in three equal
instalments, the first after one year, the second after two years and the third after three years from the date of grant.
Following this grant of Options, there will be 145,229,182 options outstanding under the Option Scheme over
approximately 6.8% of the currently issued Ordinary Share capital of the Company. Under the terms of the Option
Scheme options over a maximum of 10% of the Company’s share capital may be issued.
Details of the Options granted today to the following persons who discharge managerial responsibilities ("PDMRs")
are set out below, with further details contained in the appended tables below:
A further 33,933,491 Options have also today been granted to other members of the Company's management team.

I don't ElDave - this was straight from their website

As at 31 December 2020, KEFI Gold and Copper had on issue:

Ordinary Shares 2,137,925,318
Options and warrants with exercise prices of 0.65p to 22.44p 87,077,433

I can't buy any on HL at the moment but on IG they are quoting 8.4p

This keeps going up... someone really wants this!

WTF!!!

Well, just give away 21% of the company to friends at 9p.