Member Info for TheMagnacarta

Every hype every year states we will start in October ! Now it's October and nowt has happened.

This was a statement in the press last year in April hoping to start last October.

So we have missed this year. Those arguments against are looking pretty stupid,every day from now.

This is a very pleasant surprise. Kefi Gold & Copper (KEFI) has announced the signing of the Final Umbrella Agreement for the project financing of the Tulu Kapi gold project in Ethiopia and that it is preparing for full construction start to coincide with the next dry season at Tulu Kapi, which is expected to start in October. What very good news!

That is with the Umbrella Agreement setting out all syndicate roles and finance conditions, including now providing for an up to circa $245 million package from co-lenders, and follows co-lender Africa Finance Corporation reaching an agreement with the Ethiopian Government enabling the same local rights and protections, with Kefi Executive Chairman Harry Adams thanking the new Minister for Mines, H.E Habtamu Tegegn, and his team “for their energetic leadership and his commitment to rapidly advancing the mining sector in Ethiopia”.

There still remains “Ethiopian Government's formal confirmation of the few remaining outstanding items, notably clarification of the details of capital controls for internationally syndicated project financings”. It is though added that the principles have already been approved and the above-noted progress further encourages. There is also some residual project equity finance, but Kefi has plans in place to mostly meet its contribution at the subsidiary level and “considers that the potential exercise of existing KEFI warrants will complete the required equity requirement and will leave KEFI with an economic interest of 70-80%”.

The shares have currently responded up by over 15% to 1.05p, but the still less than £42 million market cap compares to we previously-noted it stated “assuming an ownership level… of say 77%, the NPV to KEFI of just our Ethiopian project is estimated at US$251 million… beneficial interest in our Saudi projects, at various commodity price levels, presents an aggregate (preliminary estimate of) NPV similar to that of the Ethiopian project”.

We therefore continue to consider that Ethiopian Government formal confirmation and progress ahead of full construction start in October

Saudi assets that are always hyped by Tw is now only 40 % and we all seen how mining works / the next bill will take us down to 20% because we can't upfront more costs . Then production if we get that near / will probably take us down to 5% .

Just enough to pay their wages only. I can't see what people see here/ I guess they like Eua supporters to deep to get out ' and so have to accept and keep buying the lows.

With all this debt it's unlikely that more is offered as if I'm not right the Ethiopia licence is temporary and was only extended on the assumption that he would/promised to get the mining up and running!

So the next placement will be deadly but very much needed!

Down 10% but then closed even. Looks like the market makers are short of shares.

It's a perfect share for a short squeeze!

I understand you showing all these buys in the hope of a verbal stimulus to show support in the stock. I could look back two weeks and show a load of buys too , suggesting strength in trust and ability (those in hind sight must be pretty upset) but it doesn't take away the fact that a huge placement is coming at 0.1 .

Understands work and equipment needs to be processed and prepared which takes time and complex contract agreements which takes time and money.

Kefi has missed the boat this year and now you have to wait till next.

Not my fault blame Harry

Ok mate!

When is it obvious that the dry season has been missed this year for development then ?

As the locals haven't even agreed yet to any monies offered! Unless you suggest to remove them with force.

The only good news is that a big juicy placement will bring me much joy 😊.

If those were the rules ?

Wouldn't it be a little one sided 🤔 !

It's dropping like a stone in water.

Has TW finally finished with kefi ?

Recent bearcats indicate that Tom is hughly dissatisfied and disappointed with Harry and the continuous blunders and misinformation .

In fact from at regular weekly hot rockets has now dwindled to none. ?

The embarrassment of the next placement/ and destruction of share value will be too much to handle even for tom. But hey ho there's always next year, if harry can convince Ethiopia to keep the temporary licence.

Pdyor too

For a bounce to happen here, one would expect share buyers to see value. ! And I can't say personally I see any value here, especially with the suspicious placements around good news,no doubt insider trading with no respect for lth to access these placement platforms.

Good luck all .

Looking at history to date , this enet share has a clear trading downwards pattern, and the market isn't often wrong. Of course there is always bottom feeders at this level and a small raise is expected.

But let's play pin the tail on the donkey , until the next placement arrives. Then it's time to ride the donkey.

If you held them tight then join the down 99% club.

Nothing to be proud of.

To win respect chaps!

Please guess the closing price ?

Mine 0.17

Spot on !

As said previously. Big buying opportunities on next drop!

When we chatting like this ! Warning others if the risks here then it's a very good thing.

Please don't buy guys / it's only going to drop more.

195,000,000 new shares .

And aload more of the same at .01 coming soon again .

So people be warned don't buy now , wait till the final load is done. ! Or even don't buy at all.

Certainly no loyalty for long term share holders here!.

Only a week ago people were buying in .3's.

Still it was warned more money was needed by Christmas.

So true but , each year the time frame gets shorter ! So in theory soon or Jan !

Looking back on the previous 5 years - RNS -Several placements have been done in Nov and Dec . So it's a 50 % chance that a placement is happening very soon.

Pdyor.