Member Info for s_singh

https://www.reuters.com/article/us-ethiopia-crime/gunmen-kill-five-miners-in-ethiopia-tv-says-foreigners-among-dead-idUSKCN1R01HD

Revealed: UK patients stockpile drugs in fear of no-deal Brexit

Investor Webinar

The Company will host a live webinar at 3.30pm GMT on Thursday 31 January 2019 which can be accessed via:

http://webcasting.brrmedia.co.uk/broadcast/5c4f149ea0c50933d2710da5/5c4f1a46a7461f9c6500025b and also through www.brrmedia.co.uk

Listeners 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.

http://webcasting.brrmedia.co.uk/broadcast/5c4f149ea0c50933d2710da5/5c4f1a46a7461f9c6500025b

submit questions to ask harry at kefi webinar.

CEO BACKING THE BUSINESS.
Lloyd Dunn
61,432,081
10.71%

@DXdelivery

DX uses its nationwide networks across the UK and Republic of Ireland to make sure that the needs of major financial institutions are met regularly.

DX Group
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@DXdelivery

With over 2,800 routes making up our national network, we have the ability to cater for your business’ #delivery requirements whatever they may be!

https://newbusinessethiopia.com/ethiopia-banks-capital-hikes-by-8/<br /><br />In addition all the steps by the current leadership in Ethiopia have been revolutionising , fundamentally changing the course of the country , i can't envision any issues with permits and processing changellnges under this Government , all signs point towards a positive outcome for the kefi in January.

Very bad set of results in terms of use of resource and high cost of borrowing funds for short term, It's needs to get long term trade finance sorted with better terms till that not tradable.

We continue to believe that the underlying value of this company is a massive premium to the current (2.05p offer) share price. After the recent equity raise we see the NPV of Kefi’s stake in Tulu Kapi at $67 million, a level that the project funding secured ties in with. Our target price is thus 9p - and the stance is BUY at up to 4.5p with a target to sell of 8p+. Concrete progress on financing should trigger a massive re-rate.

The management is confident it will deliver. We understand why folks may be cynical and hence the fall today. This one will not race away until we see evidence of delivery but that could come well before Christmas. Though it is painful to see the shares – 9p not that long ago – languishing where they are, we expect delivery so the stance is BUY at up to 5p, with a target to sell 8p+.

Chief Financial Officer, acquired 60,000 ordinary shares

https://www.directorstalk.net/interview-falanx-group-achieves-ebitda-profitability/

Mike Read, CEO and Non-Executive Chairman, acquired 235,000 ordinary shares

https://www.progressive-research.com/wp-content/uploads/2018/08/FLX-20180814.pdf

https://www.voxmarkets.co.uk/articles/powerhouse-energy-falanx-group-galileo-resources-f15c6a6

I have already covered results from Falanx (FLX) in bearcast but there is one matter than niggles me in the annual report – the “resignation” as a director of CEO Stuart Bladen. Let me explain…

On 14 November 2017 it was announced that

“CEO Stuart Bladen has resigned from the Board for personal reasons. Mike Read, Non-Executive Chairman will take over as Acting CEO with immediate effect.”

Resigned suggests a voluntary departure. If you walk voluntarily and do not honour your notice period the company does not owe you a cent in compensation. Indeed, legally, you are liable for any additional costs it incurs in covering the post during the notice period.

Yet today’s annual report states that having earned £106,808 plus a £1,011 pension contribution in the seven months and 13 days up to November 13, Bladen was handed an additional £105,000 as a “termination payment”. That tells me that he was pushed, he left at the instigation of others. At the time I suggested as much.

My point here is that companies should be upfront about these things. The RNS on 14 November 2017 should not have been about sparing the blushes of Bladen but about conveying what was really going on to the owners of the company, i.e. its shareholders. If Bladen really did resign why on earth are the other directors being so cavalier in giving him a golden goodbye when there was no contractual need. If Bladen was not up to the job, shareholders should have been told something along the lines of “Bladen has left the company with immediate effect and will be entitled to something like a seven month notice period”

Perhaps I am being unfair on Falanx because we see these sort of fudges all the time on the AIM Cesspit. But, in my humble opinion, it is not exactly cricket.

KEFI Minerals* (KEFI LN) 2.67p, Mkt Cap £8.9m – 2017 results
 Kefi Minerals reports a loss of £6.3m for 2017 (2016 – loss of £1.2m) as it progresses the Tulu Kapi gold project in Ethiopia and moves ahead with its exploration projects in Saudi Arabia.
Please, see disclaimer at the of this document
S.P. Angel, Prince Frederick House 35-39 Maddox street, London W1S 2PP, United Kingdom www.spangel.co.uk

S.P. Angel – Morning View – continued
 The increased loss reflects a higher level of activity at the flagship Tulu Kapi project and the absence of the £2.5m recovery of VAT which came through during 2016.
 Cash balances of approximately £0.5m reported for 31st December 2017 should benefit from the £5.5m placing announced last week.
 Describing 2017 as “a challenging year”, Chairman, Harry Adams, described the company as now having the “assets, relationships and people that provide a great platform to deliver shareholder value by developing profitable mines in Ethiopia and Saudi Arabia”.
 Mr. Adams went on to describe how the at the Tulu Kapi project Kefi Minerals has “now assembled the proposed full project funding consortium including contractors, equity and non-equity capital. For Tulu Kapi to proceed, all stakeholders now rely on closing out the remaining Government processes and approvals, along with completion of due diligence and formal documentation.”
 Project optimisation has now increased planned gold annual output at Tulu Kapi “from 115,000 to 140,000 ounces for the first seven years.”
 “All-in Sustaining Costs ("AISC") remain c. US$800/oz and All-in Costs ("AIC") c. $1,000/oz.”
 Revised financial results as result of the project modifications produce an after tax NPV8% of US$115m at the
start of construction and an IRR of 51% based on a gold price of US$1300/oz. Project payback is 3 years.
 As Tulu Kapi prepares to move towards development, the executive management team is being expanded with the appointment of senior operational, HR and systems management personnel.
Conclusion: Subject to final regulatory approvals and documentation, Kefi Minerals is has assembled the team and project financing to move ahead with the Tulu Kapi gold project.
*SP Angel act as Nomad to KEFI Minerals

http://www.proactiveinvestors.co.uk/companies/news/202830/kefi-updates-on-tulu-kapi-progress-202830.html

https://www.safestay.com/wp-content/uploads/2018/05/SS6294_Safestay%20AR%202017.pdf