Member Info for UPshunt

I remember TW washing his hands of this one after one set of drill results. The ride was over by Summer 2022.

I only have 49k shares here so being down over 90% whatever happens isn't going to get me a new pick up.

Poulden was running the company on a level in 2016, think he just lost interest and passed the reigns over. I assume most of his shares he was gifted, but back in the day they were valued 11p or more.

The assetts back in 2022 were worth millions so why today there is a market cap of less than a million, I have no idea.

I can't see how there is any seriously accurate data when last trading update when talking about case valuation they wrote, 'Sensitivity analysis has not been included in the financial statements, due to the vast amount of inputs and number of variables which are inherently specific to each case, making it impossible to provide meaningful data.'

Very sad waste of talent and project potential.

Just a bunch of spoilt rich kids running the show here now.

Another AIM piece of furniture where the directors don't understand that business needs to make an income.

That Saudi operation makes a few thousand and the company things they can spend like no tomorrow. Can't wait in June to see what the operational losses are this year.

Agreed, been relaxing on laurels as High Volume Category Winner in Netflix's NPFP (Netflix Preferred Fulfilment Partner) of the year back in Oct.

Hope the SP doesn't fall much below four month support.

Yep Shalamar thinks he can see the names of the companies selling on Level two.

FU2 hits the nail on the head, he has been looking at the RAB climber outfits selling on Ebay.

Good to know the British company is doing great business.

Shalamar you need to buy a pair of their boots they'll help you climb out of your hole.

Yeah I believe you Mithrel.

For the last six years HAA has said we are just $30m short. Even when he gets an extra $50m in loans from the very shy AFC he says he needs just another $30m.

This sign off is always just around the corner and one wonders if we are driving around in circles.

If HAA manages to sell our share in GMCO then that will be the first money he has made for the company in just under twenty years. Just enough to pay his decades of salary and expenses for advisers and any team members.

If he really was only $30m short the Govt would help him find it just to get a working mine in the country.

It would be Interesting to find out how much he paid for the Konso licence, whatever, we have Ethiopian newspapers a sking why Kefi isn't mining in TK Yet. This is a paragraph from the Reporter last December.

“KEFI is acquiring different licenses without progressing on its existing license. Its aim is to continue raising funds abroad by painting a picture in investors’ minds, as if the company is operating several with licenses at the same time. The company also often uses security threats as an excuse for its non-performance, while the major problem is its lack of finance,” said an official who spoke to The Reporter on condition of anonymity.

Well to be fair it wasn't as depressing as reading his catalogue of RNS where he introduces a fundraiser to help with his long term renumeration plan.

PS I am not on here all day, the rampers get most of the day to have their say.

Hi Manu,

You have to admit he is good at writing essays.

If we had hired him as a journo we could have started a newspaper in the Arabian Nubian Shield.

Sadly he hasn't earned a penny for the company in just under 20 years. Today when I say the red dot I thought for a moment some cash might be coming in from somewhere.

So depressing.

Kefi updated there capital structure page last week, and I would have thought one of the directors at least would publish a TR-1 to notify the market they have slipped below 3% threshold.

Punters can see the Capital structure here.

https://www.kefi-goldandcopper.com/investors/capital-structure

RAB got out of this in Oct 2023 at published in the FT.

Now WTF does TRV mean?

Yeah like HA tried to catch LTs off guard for at least the last six years, being onguard means you get sucked in too much.

Now the ANC explanation has been explained in the court case some of us feel a bit more relaxed, kefi should have made more of this and the RNS should have mentioned that the money HAA handed to the chancer Demissie Asafa will be returned. I know punters here think quarter of a million is pennies but it shows due diligence that the money is paid by Demissie.

We need that $205 back with interest A.S.A.P.

I suggest we offer around 5% interest for the five years.

$50k of interest. We could buy a big digger with that and I could start work next week.

Demissie is a rogue as ANS investment vehicle never existed.

Thanks Rob,

Demissie defo dodgy geezer.

I think loads of us wondered who ANS were that HAA was mentioning. Now I see the company never existed.

I do feel sorry for HAA having to run up against this kind of player who can afford to waste time in court. No wonder we get side tracked with all his time having to deal with this type of irritation.

I think we should go back to court and get our legal costs paid. This would have cost thousands to secure this judgement.

This is incredible, the judge trusted HA, where can we enjoy this read, will there be an extensive RNS detailing HA success in the court or is a non item?

Let's just hope the Judge put some of his pension pot into Kefi on TW advice.

Well five years ago, just held believing the products would come good.

The court case was a gamble, that was when the savvy folk dropped out. I convinced myself to believe the board that they had a strong case. Like most CEOs everything gets overegged.

In court it turned out the patents were invalid. To be fair, often legal reps sell a case to any party and their sales pitch can be at best as good as a used car salesman, so maybe we just got stung with stupidity by a bunch of fly by night international lawyers.

To the Amercian jury it was obvious the patents were invalid, what possessed us to believe they were, well we may never know.

It might be the patents had just expired.

Why it was so obvious to an American Jury that CPX patents were worthless

So funny Max12 posting an early Dec Bulletin and Gex drops from 9.5p to 5p. And then did Max12 throw himself from the top of the multistorey carpark>?

He is here no more.

Back to Kefi and the company is still looking for major progress this year. Last year would have been great but this year will do.

Oh don't worry folks, HA will dilute Kefi faster than gold rises.

The word kefi in Greek refers to joy. I assume HA snatched this word from his vocabulary, an Aussie with Greek descendants, my inquiry is whose happiness is this company here for?

So, are we experiencing HA dragging out a real life modern Greek tragedy? I haven’t seen any texts here written on this possibility so feel entitled to remind people that the Greek tragedies were written to educate people.

Here we have HA leading his company which IPO’d in 2006 at around 65p, and for HA this really was Joy as he could pay himself cash from the till frequently although in 2010 the share price dipped to 10p so investors must have been a bit wary. I assume that when the licenses in Africa were obtained the share price flew to over a quid, but the last fifteen years fundraising hasn’t been much joy and HA has to snatch hundreds of millions of shares out of the company just to pay his mortgage on his mansion somewhere in Cyprus.

Can readers see that having set up a company where happiness is the drive for the director’s motivation, he has only considered his own happiness?

It might be that some of those working close to him are included in the happiness and hopefully the new non-ex director Mr Addis Alemayehou presently is happy, yet how long can that last?

I think Kefi the vehicle for HAAs happiness has just about delivered for him what he set out to do, now this is coming to an end he may struggle with the guilt of having only considered himself well into his retirement but this will be the only price he has had to pay.

This tragic story only has one ending now, it is just how long HA needs to play it out.

Yes you are right.

Also they don't understand the concept of going to work and creating value for the money they take out the country.

Not sure the old f%rts running this one are really up to it.

Another company wasting it's chances in the markets, and indeed giving the AIM market a bad name globally. You'd think the authorities would tighen up regulation. This company is registered in Gibraltar so you can imagine that as long as they pay their rent then they are hardly likely to have to show willing.