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Removing share price performance for all three milestones as a benchmark and condition for himself and the other directors receiving $millions in bonuses tells you all one needs to know about these guys.. the fact that even he can't be bothered to have a 3p average for 5 days, as a trigger, just shows how confident (or lack of) he is about the share hitting 3p.. even after funding is secured.
dodgy isn't the word... more like contempt
Spose calling someone for out for what they are is a not good for business. I didn't think moderators would clamp down on a bit of descent. I think what they are looking for is serious detailed and complicated descent that rattles investors brains. And to be fair one post just up the road smells of rebellion. Harry apparently wants to milk his chances of short term bonuses.
We don't have all the info but I doubled down and vote against his remuneration package every time it crops up. Others in higher places are now beginning to see Harry is trying to fill his pockets/boots even though share price has sunk over the last decade.
Wonder if we could use the land to plant aubergines, I just have the urge to start an egg plant farm in Africa.
the most peculiar part of this sti bonus issue is that it’s virtually a carbon copy of events from almost exactly 3 years ago when tw forced haa to change the bonus structure to be tied to the share price (link below to paywalled article).
*************.com/views/56168/kefi-victory-for-tom-winnifrith-pl-as-executive-greed-gravytrain-sent-into-reverse
TW is absolutely right. It is presented in the annual report as though it is perfectly normal and shareholders are / will be fine with it. It is anything but aligned with shareholders and a mechanism of extracting cash from the business.
I am totally against cash at the STI bonus points. Funding appears to be only a few weeks away and they have just agreed to give themselves 1m !!!!!
A fixed number of shares with a lock in at those points or a fixed number of shares issued when the share price hits price targets. Thats shareholder alignment
Do we get to vote on this new incentive?
Sorry for the late posting had problems with my PC.
TW Bearcast
"On Kefi Gold and Copper (KEFI) I act not, like some, by ranting from a padded cell with posts on this site or by signing in to the demented Telegram group but by standing up to the board over a new incentive scheme…" (Do not think anyone agrees with the new bonus scheme it should be connected to the share price like the old one maybe three or four pence would be reasonable and show confidence in kefi prospects in the short to medium term. Longer term when kefi is a mid cap and hopefully throwing off money doubt most people will mind higher levels of reward.)
https://addisstandard.com/ethiopia-somalia-set-for-second-round-of-talks-in-ankara-with-turkiyes-mediation/ (Ethiopia General)
https://www.ena.et/web/eng/w/eng_4699212 (Ethiopia general)
https://www.newsfilecorp.com/release/215080/East-Africa-Partner-Tibet-Huayu-Initiates-the-Procurement-Process-for-Mining-Equipment-at-the-Mato-Bula-and-Da-Tambuk-Mine-Development-Projects-Tigray-Regional-State-Ethiopia
https://www.fanabc.com/english/deputy-pm-temesgen-visits-akobo-etno-mining-company-in-gambella-region/
It seems somebody doesn’t like me posts on here there having my post removed. All I said was is Pinocchio at it again.
🤫🤫🤫🤥🤥🤥🤥
Could it be Rob or the real Pinocchio?
Harry and the gang play another blinder
Thats all the H1 2024 promises now expired
Email received 4 days ago suggesting this as a strong buy
Interesting that they did a whole interview on the Saudi side though but you could argue that some publicity just on Saudi was well over due. Looks like we will have the results on the 65000 Hawiah Drill program “in the next month or so” and a upgrade in resources to add to the results of Al Goyder drill campaign. Seems a shift to emphasis to Hawiah overall and to launch projects on larger scale. “Jibal Qutman was defined on a 25 Square kilometre area…expanded that are to something like 270 Square kilometres” Hawiah open at depth and being constantly expanded and Artar want GMCO to be the second biggest miner in Saudi after Maaden.
https://gmco.com.sa/
Looking at the sheer scale of what's being attempted her would expect a Saudi listing sometime after an Ethiopian one and farm in or joint venture deals in Saudi.
Nice chap, shame that with his bolt on MBA he didn't advise Harry to try and earn some cash to keep his operations going.
Well we are where we are at.
29 million tons of copper in Hawiah. Even with a low margin say $4000 per a ton it would be well worth funding. Imagin e Kefi had the means to develop a mine there!! just a thought.
Https://www.youtube.com/watch?v=GnQDCIbLaj0
Exploring Mining Opportunities in Saudi Arabia with Gold & Minerals Company (GMCO) CEO Brian Hosking (Kefi and Artar)
This is why I wanted links the last time dsrt claimed "some sites say kefi will be 0.33 by end of this year" without providing a source. I had a hunch they'd turn out to be AI-generated click-bait garbage, if they even existed at all.
Goodness. I've seen some rubbish sites in my time, but that one is really abysmal. Don't know why it was even mentioned here.
Https://walletinvestor.com/lse-stock-forecast/kefi-stock-prediction#predicted-prices
Er, WTF? lol
@dst - we get it, it’s yet another negative post from you. One to add to the possibly hundreds from you in the past. Check. Quoting to PoS publication that is Wallet Investor really is scraping the barrel though, that website has no insight whatsoever.
Not very upbeat on kefi ...says tulu kapi won't happen this year and share price to halve...come on harry confidence is lacking now...time to go if you don't do it this year ...it won't happen at all
DV - I un-Green boxed you because you were starting to make sense. Price is stable, volume is not far off zero…
Updates will come when they come…
Constant stream of sells every day. We need Harry to deliver some positive news from TK and Saudi.....
Https://finance.yahoo.com/news/east-africa-metals-completes-crucial-200500534.html (Ethiopia mining)
https://www.morningstar.com/news/pr-newswire/20240627to50744/allied-gold-releases-2023-sustainability-report (Ethiopia mining)
https://www.kitco.com/news/article/2024-06-27/3000-gold-2025-not-crazy-miners-have-significant-upside-over-next-12-months
https://gulfbusiness.com/lme-undertaking-consultation-saudi-expansion-ceo/
The exchange has recently said it is looking to expand its global warehouse network to add Saudi port Jeddah while Reuters reported in January it was also examining opening a warehouse location in Hong Kong.
Separately, the LME will undertake consulting on the “final rulemaking” around the Jeddah expansion, but remains positive on that initiative, LME CEO Matt Chamberlain, said, speaking at the same event.
https://www.argaam.com/en/article/articledetail/id/1737240
These factors make the Saudi market attractive to long-term investors, offering significant returns and dividends, Asmar said, adding that investors previously achieved very positive returns and attractive dividends.
HSBC is working to attract more foreign investments to the Saudi market through public offerings, including its recent contribution to the secondary offering of Saudi Arabian Oil Co. (Saudi Aramco).
The Saudi market has seen strong activity in initial public offerings in recent years, and this activity is expected to continue, particularly in the third and fourth quarters as well as the next year, Asmar noted.
He also believes that there are new mechanisms in the market attracting significant attention from investors.
https://www.zerohedge.com/news/2024-06-26/chinas-missing-gold-reserves-mystery-grows
https://www.zerohedge.com/political/central-banks-appetite-gold-hasnt-been-satisfied
Great to see you out and about on here Manu.
Of course my obsessive compulsive addiction to this hasn't gone unnoticed. I have though already got my rationale together prior to HA issuing a detailed apology as to why we are short of a few bob still and we might have to wait until 2025H1 to see a pile of cash in the bank.
We will have to have a fundraiser for the current cash burn, but lets not worry.
This strategy of keeping the product in the ground is by no means wrong. POG could move even further North netting us larger margins, providing we don't go bust before they get the digger out.
Perhaps they could least roll it out for a practice run and excavate the fish pond?
Danners456 I’m a twerp 🤣🤣🤣🤣🤣🤣🤣
Is that the best you can come up with 🤦🏼
Any money come in yet?
Have I missed the signing ceremony?
Https://www.at-minerals.com/en/news/akobo-minerals-addresses-operational-challenges-and-advances-towards-production-4117701.html
Production start-up is as such delayed to July/August, but with the latest mine plan showing a significant revenue potential of 20 MUSD in the first few months of full production. The company informed about strategic initiatives started to evaluate ways of increasing efficiency in production and further reduce operational risk, in addition to strengthening local management capacity. (Ethiopia mining)
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/3290-tsx/aauc/163210-allied-gold-provides-update-on-continued-exploration-success-and-project-development-at-kurmuk.html
- Allied Gold Corporation (TSX: AAUC) ("Allied" or the "Company") is pleased to provide an update on the ongoing exploration and development activities at its Kurmuk Project in Ethiopia. Significant exploration results continue to support the high probability of Mineral Reserves and Mineral Resource growth, indicating substantial upside potential. The project, which remains on track for first production in mid-2026, continues to make significant strides in both project execution and exploration activities aimed at increasing mineral inventories, extending mine life, and enhancing overall value and future returns to shareholders… (Ethiopia mining)
https://africafinancecorporation.africa-newsroom.com/press/afc-invests-in-africas-largest-copper-complex-driving-mineral-beneficiation-on-the-continent?lang=en
KINSHASA, Democratic Republic of the Congo, June 26, 2024/APO Group/ --
Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, is pleased to announce the closing of a US$150 million senior loan with Kamoa Copper to support the expansion of the Kamoa-Kakula Copper Complex in the Democratic Republic of Congo. The loan by AFC, who acted both as lender and arranger, aligns with the Corporation’s commitment to support the local beneficiation of Africa’s abundant mineral resources to unlock the continent’s economic prosperity. (AFC and Copper)
https://www.arabnews.com/node/2537951/business-economy (Saudi mining)