Member Info for TheMagnacarta

To show a fund raise is much needed, we need to look at how much money is in the bank at the previous results minus the monthly cash burn. Plus look at the average amount left before announcing a placement. Can someone do this as busy counting my easyJet investments.

Cont_. Harry needs a farm in. But that will come with a massive write down.

I suspect banking has failed and harry won't Amit and now needs a f

I see similar concepts between kefi and eua , that are constantly dangling a juicy sausage sandwich but knowing it can never be obtained. Eua because it doesn't exist and kefi because of the local security issues for a small time mining company.

Who is to blame ?

I would like to say thank you for this site to having a open discussion about investments. I do write occasionally on Tom W site on share prophets but he has edited and selected which parts to display in a most unprofessional journalist method.

Even in a way to promote his own agenda on hot rockets. I ve mentioned before about the quantity of promotion on kefi shares , averaging one hot rocket a week, yet he pretends to be neutral with a small holding. ( Something's not quite right there)So it's important to look at both sides of the coin ,

It's a shame that the market allowed this share to be played by such ruthless business men .

The sellers are going and that leaves only the buyers, expect a strengthen share price rising all next week.

Back to £ 5 in a week what a bargain.

So true, apparently the security risks are a massive dilemma ! Who would think so.

Strikes and protests

Because of frequent civil unrest, including protests and strikes, there is frequently:

temporary closure of roads, internet and mobile networks

disruption to local businesses and transport

In the past some protests have escalated into serious violence.

The Oromo Liberation Army have announced calls for a market strike and transportation blockade in Oromia, including on the roads leading to Addis Ababa, that began on 13 April. Following this announcement, there may be disruption to travel and operation of businesses and services in the Oromia region.

Kidnap

Kidnapping is widespread in parts of Ethiopia, with incidents in Oromia, Somali region and on the southern border with Kenya.

There have been a number of recent kidnappings in Oromia, and especially within the Adama special Zone south of Addis Ababa, and western areas of Oromia region, particularly West Wollega, East Wollega and Qellem Wollega zones.

Possible targets for kidnap include people engaged in humanitarian aid work, journalism or business sectors.

When arranging meetings, use a secure location. Avoid regular patterns of travel and aim to only travel during daylight hours.

Detention of British nationals

There have been a small number of cases of arbitrary detention of British nationals in Ethiopia. The risk may increase if tensions are heightened around major events, or in locations that are sensitive for security reasons. Carry photocopies of your passport and contact details of the British Embassy Addis Ababa in case you are questioned or detained. Your physical passport is not necessary.

Ethiopian authorities do not always notify embassies when foreign nationals are detained. Even if requested, adequate consular access is not always provided. If authorities do not inform the embassy, ask family or friends to contact the British Embassy.

Crime

Foreign nationals can be targeted by groups of youths through pickpocketing and scams.

Theft and mugging is on the rise. There has been a smaller number of more serious incidents, including sexual harassment of women. Violent robberies can occur in parks and walking sites in Addis Ababa.

These are just a few!

10 years and no funding except a placement of roughly £5 million a year.

Kefi Gold & Copper – AGM Statement, share price catalysts in the next few “pivotal” months. Strong Buy

By HotStockRockets | Tuesday 23 July 2024

Tom stands by his word that kefi will get funding by Christmas or he will ware a clown hat and have a photo taken .

When is the dual listing happening?

It's bouncing, time to lift off. Tomorrow this share will fly upwards.

We see your agenda to hype shares before you sell! In a few weeks you say. Unfortunately I don't b

Harry Adams is in the UK, soon in sept . See TW site. I laughed with tom saying 3 months ago if funding was in place he wouldn't be in the UK with begging bowl out, which Tom dismissed quickly . Unfortunately I was right and tom wrong again.lol

As of June 2024, the inflation rate in Ethiopia was 19.9%, which is a 9.4 percentage point decrease from the previous year. This is due to a decrease in both food and non-food inflation, with food inflation dropping from 28.0% to 22.7% and non-food inflation falling from 31.4% to 15.3%. The National Bank of Ethiopia (NBE) also reported a month-on-month inflation rate of 0.9% for June 2024, which it says indicates that price levels have stabilized over the past quarter.

Basically with inflation running ahead, will the previous numbers given in construction qualify anymore and will harry have to go back for more money as the contracts were for 2023. Thus the bank loans are void and need updating again.

My thoughts only to reasons why banking held back again.

Agreed.Tw is a true believer in kefi and has been ramping kefi constantly/ with quite a unprofessional journalist view, even editting and deleting chats that argue against his opinion, thank god we have this open discussion abilities here .

As we all guessing here, I suspect there be a very large dilution to the share price on the Ethiopia listing to get people involved, then I large placement to match. Which will be good for Futher prospects but a leathel blow to existing shareholders. As harry has failed to date , I think my thoughts are more realistically based.

I know a placement is due soon , but it would be low blow minutes after the AGM.

A.Planning Session happening now and we have come up a preliminary date of first week of September after visit.

No surprise on the delay, we were promised months ago and now it's changed again. Surely we missed the season again! I will invest after the next placement for all those with skin in the game. Who managed to offload at .68?

It is good that meetings are still ongoing/ it's only been ten years!.

But we want to know how much will it cost in £ to provide security for the builders. The army has been mentioned before ! To do this.