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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Kefi Gold And Copper Plc | KEFI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.014 | -1.97% | 0.696 | 16:35:27 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.714 | 0.662 | 0.716 | 0.696 | 0.71 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 22/5/2024 21:41 by robjm66 My comments in brackets as usual.Start Harry and Eddy Solbrandt chief operating officer of Kefi gold and copper. (both in Saudi) Slide 3 entered Arabian Nubian shield slide… Just talks about Arabian Nubian shield general intro to company…three projects with also with exploration areas around around both sets of assets (projects). Slide 4 goes into the gold rush in the Arabian Nubian shield area (the Taxi rank is getting a bit crowded) Slide 5 comparative valuations mentions research report hxxps://www.kefi-gol Slide 6 kefi cheap just on the NPV of TK alone with a gold price of 2350 dollars..(slide) all ore bodies open for expansion more mines funded at project level exploration cash flow from TK) Slide 7 expected milestones for Ethiopia harry history lesson then “anyhow” lead bank ratification and approval from its shareholders, the other people cracked on in the Syndicate (the second bank the equity risk note investors and the share investors from the government). The other day we announced we started the schedule for production. First stage early works.. Slide 10 In Saudi walk up drill targets ..government support.. two emerging projects..record metal prices..shovel ready down to grass roots..ahead of the pack project came good. Questions 46 questions sent (Lol) 1.When will funds arrive and which conditions are still waiting to be met and how does the overall project flow to production (think they cheated and asked three questions)? …Early works plus major works add up to production commencing (he walk people through the whole process to production can catch the full reply when the Q and A pops up nearly all is the usual stuff around building a mine). “Process designed to protect all shareholders from spending money too early”. 2.Has the second bank signed the deal off? A main shareholder in TKGM already spending their money..first bank gave approval risk note board approval other guys went to their committees and yes we have had confirmation from all of them including the second bank (kefi made a total hash of Rnsing this otherwise would not have people asking if the second bank had given its board and credit approval I red the Rns as saying this was the case as obviously not going to lunch the project without second bank approval but obviously it did not sink in with some people leaving a space for the usual suspects to make mischief) we have all aggreed to early works.. 3.Question about wet season and what works can be done when Detailed project schedule.. 4.How will drawdown of funds will work.. kefi historical spending.. government spent half twenty million dollars already (kefi should have highlighted this more in the past). Major works 320 million package (Excluding mining fleet) ERN (Equity) spent first the bank loan.. all the big money in the final works. 5.Will kefi need money for TK before major drawdown of funds for the project? The answer for the budget is no but what we have to check is in the home stretch is the final lump some needed for the project that no extra money is required if it is but indicators are we have cover it all maybe even more than covered it syndicate carrying the load now.. 6.If the TK finance is done in this half year will there be a fixed schedule for construction that the company can be measured against? Yes. 7.You mention an additional layer of due diligence being set up by syndicate parties will this process delay drawdown? No the Extra layer is for the banks to get independent advice on security this happens in parallel. 8.Who will pay for security forces? Two security forces police and private security contractors within the site we pay for our own contractors part of budget. 9.Now Ethiopian government has changed the laws when did the company realize they were needed? Changes well flagged publicly company has been reporting them. Now in early works program. 10 have The licence areas that were given to shell company been returned and why is the company taking legal action? Have not been returned but not taking legal action… no “antipathy&rdq 11 Further exploration areas in Ethiopia where? Doing pegging (not that kind this kind “mark with a peg or pegs”) (sounds like areas near TK). 12 Rns 13th of May..TK mineral resource 1.7 million ounces.. cash flow? Open pit Ore reserve plus.. (not sure I understand the question or answer) 13 Is Saudi potential cash flow based on 80 25 percent ownership (?) what the comparison to TK? Too early to make a definite statement. 14.Water and Energy at JQ and how long till we get an update on JQ? We are developing plans around JQ which will cover water and power 15.Can you please comment about possible joint ventures? Initial guide to long term strategy is to JV as seen by us JVing with Artar and government in Ethiopia. Longer term will naturalize the organisation (involve locals)..that might take us into local listing to admit the public (think is certain that kefi will list in other regions) rest of mining industry has turned up kefi keeps getting approached people that want to deal with the assets or partner us or JV another asset (non kefi asset?) not only have we got these projects moving not only are metal prices at all time highs not only are the countries supportive but we have so many choices that they are coming out of our ears. 16.Would kefi consider selling a minority stake in TK? Everything is on the table. 17.Move from Aim to lse full listing? Look at when we are bigger. 18. How do you plan to protect shareholder value? We feel the pain but by delivering and no excuse now and delver we will. Management team have scarified their wages to receive shares instead so they are shareholders too. 19.The biggest question for shareholders is the number of shares in issue what are the other funding options? Been hard to get capital on Aim however been a big base of support with syndicates and partners. Did placing for advisors this way as it was the best was to do it this time. 20.Cash burn in Ethiopia? 400 to 500k per month corporate and Ethiopia changes with major works. 21.When will Artar have to pay the exploration costs? Have to catch up sooner or later but good partnership and trust between kefi and Artar no tension number of ways to skin the cat may have nothing to do with the public stock markets (think maybe a cunning plan in the background) 22.Could say what the advisors that were paid in shares yesterday will be advising on? Mentions Norman green other advisors wanted shares and now targeting 200000 ounces and TK ownership has gone up all this not by accident. Kefi turned corner. 23.Major milestones in May and June. 24.Clearly a major share trader as only ten days left in may not in the business of feeding share traders (great hilarity issues) the critical thing is that Is game on… Closing comments I appreciate this webinars..talking to 750 people. Its all good stuff now we can start to enjoy it with the progress i think we are going make. (maybe should have signed of with what he said earlier "Saudi walk up drill targets ..government support.. two emerging projects..record metal prices”. joking apart all looks good no cash raising envisioned near term, Artar not pressing for repayment, lost license areas likely to be returned kefi looking at deposits near TK and much bigger expansion of projects in Saudi and open to JVing and bigger yearly production ounces.) |
Posted at 14/5/2024 08:05 by robjm66 In 2019, the Saudi Industrial Development Fund (SIDF) said it would provide loans for up to 75% of mining project costs, including for resource delineation. Given KEFI’s 25% stake in Gold and Minerals, KEFI’s equity stake in project capex could be as little as 6.25%. KEFI and its partnerhave been approached by a number of investors looking to participate in the take-off in Saudi Arabia. Development funding in Saudi Arabia is unlikely to be dependent on what have for some years been weak public markets for junior miners. Huge exploration portfolio: Having been awarded 14 new licences in the past couple of years, Gold and Minerals holds a substantial 1,035 km2 exploration portfolio across what can be classified as six highly prospective gold and polymetallic mineral project areas. All these areas have been mapped or sampled by Gold and Minerals, or by groups such as BRGM or USGS. The portfolio has already yielded the discovery at Abu Salal. Two new licences at Jibal Qutman offer the potential for resource growthalong strike from existing resources. Other licences cover four new project areas and represent new frontiers for KEFI. There is significant upside potential beyond that at Jibal Qutman and Hawiah. With Tulu Kapi on the cusp of development and Saudi Arabia going full steam ahead, KEFI shares look incredibly cheap. That’s an opportunity for investors. |
Posted at 13/5/2024 14:20 by lurker5 Investors don't pay anything like the stated NPV. At 5% discount rate, that is the return an investor would get (assuming all pans out exactly as assumed in the NPV calculation and if all cash flow is paid out to him) if he pays the price representing it. He wants a lot more than 12-15% - which is how he would value an investment. Its why even in the 2011 mining boom, mining shares didn't exceed 1/3rd of the published NPV. Trouble is many investors don't understand what an NPV really is. Its how the company itself values its project assuming its own cost of capital - usually a lot lower than investors want. On top it would never pay out all its cash flow. The only research firm publishing a realistic NPV as seen by an equity investor is Edison who tots up the dividends he thinks it will pay out. All other analysts exaggerate by using the irrelevant company NPV at its irrelevant internal cost of capital. Its one reason (apart from wanting to puff the shares they want to flog) that they state a 'target' share price without mentioning what it is and when it will happen (It never will because only a fool will pay the price he thinks it will get to) Its also why institutions will never pay the NPV to get a stake or fund a placing. (Remember Sirius Minerals !) |
Posted at 13/5/2024 08:29 by robjm66 INVESTOR BRIEFINGS AND WEBINARInstitutional investor relations advisers 3PPB (contact details shown below) have commenced arranging briefings for institutional investors on request. Research group Orior Capital is today publishing a research report on KEFI, which will be accessible from the KEFI website. The quarterly open-forum webinar for all investors will be at 3pm London time, on Wednesday 22 May 2024. Details of these two events will be announced in due course, encouraging the submission of questions before and during the webinar. --- Maybe they are expecting news on TK before the Webinar would harry really miss the opportunity by having one before a breakthrough? |
Posted at 06/4/2024 08:56 by robjm66 (Ethiopia general)(Ethiopia general) (now includes gold) Eligibility criteria include: investors interested in participating in the EEP must focus on minerals categorized under Class 'A' of the Mining Investment Law, such as Copper (Cu), Lithium (Li), Nickel (Ni), Gold (Au), and Iron ore (Fe); and exploration activities should target underexplored areas or critical minerals to ensure a comprehensive exploration approach. Eligible applicants must also possess a valid exploration license under five years of tenure, requisite expertise, and a proven track record in greenfield exploration. Under the program, investors are required to submit their work program applications by May 31. Successful applicants will be announced by July 31 |
Posted at 05/4/2024 08:05 by robjm66 the Exchange witnessed dramatic interest by domestic and foreign commercial investors, obtaining a whopping ETB 1.51 billion (US$ 26.6 million), representing subscription of 240% of its initial target capital raise of ETB 631 million (US$ 11.07 million), with participation by a total of 48 domestic and foreign institutional investors across financial and non-financial sectors.Well looks like Kefi could list on a Ethiopian stock exchange and that would not exclude listing on Saudi exchange in the future while and while I am sure the Ethiopians would be very happy and kefi could maybe use it to get future funds for Ethiopian side I am still a bit ambivalent over whether its the right move. |
Posted at 19/3/2024 07:55 by robjm66 (Saudi mining)(Saudi mining) (Saudi mining) The General Meeting will be followed by an investor webinar via the Investor Meet Company platform on 26 March 2024 at 10am GMT during which a presentation will be given and submitted questions answered. The webinar is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9am the day before the meeting or at any time during the live presentation. Investors can sign up to Investor Meet Company for free and add to meet KEFI via: |
Posted at 20/2/2024 08:34 by robjm66 The operator of Saudi Arabia’s stock exchange said foreign investors’ exposure to the bourse isn’t high enough, showing that they’re missing out on returns that have beaten most emerging-market peers.The operator is doing what it can to promote Saudi Arabian stocks by informing international investors about the market and its regulatory and operating framework, Al-Hussan said. It is also expanding its offering of securities to add depth, such as last year’s introduction of single stock options contracts. Al-Hussan said there is more than enough liquidity to support new listings, with almost 60 applications under review. Saudi Is the New China for Investors Hunting Down Growth “The historical IPO coverages is just the testament of what is the capacity of the Saudi capital market,” Al-Hussan said. “What we have seen in previous IPOs, and the daily liquidity in the market gives us the confidence that the Saudi capital market, specifically the exchange, can strongly observe any required liquidity by any new IPOs coming.” Maybe the company should be moving faster with a listing in Saudi? |
Posted at 12/1/2024 12:02 by robjm66 As with a lot of harry short interviews have to get past the delivery and actually look at what is being said..“The government has made a number of important changes to the laws and the rules and mining and so the main/Lead banker has granted their approval, the lead Equity investors government and private investors have done the same and so very good.” Basically the rest of the consortium were already happy just waiting on the banks. “so those three things are happening now in parallel to allow the whole project to go proceed in a few months time “there is no one trying to block us quite the opposite when we push against the government door the door open. When we push against a contractor a lender or investors door the doors open the door is open.” Harry talking about full go ahead before that obviously will get the second bank go ahead then followed by a stream of go ahead by other parties. As for Saudi its all good basically so much money washing around Suadi chasing not many international miners that “it will be quite easy to move forward without reliance on capital from outside Saudi.” |
Posted at 28/11/2023 08:19 by robjm66 We’re working to support export-oriented companies as well as foreign direct investment by relaxing regulations;Q: In September, the NBE approved the opening of offshore accounts for strategic foreign investors in the country. Are we likely to see other similar reforms soon? A: Encouraging investments is an important priority for us. The offshore account exemption for strategic investors is a response to a long-standing request from the foreign investment community in the country. Investors want to know that they will be able to repatriate profits and dividends out of the country, which is a reasonable request. So we’ve provided that guarantee for investors that are operating in Ethiopia, creating jobs and adding value to the economy. It’s a priority for the government to update our regulatory environment, and improve our institutions and processes to encourage such investment, and you will see more of this in the coming months. “To date, over 100 companies are actively engaged in mineral exploration across the country, while about 70 others are actively developing different mining projects transcending the exploration stage in minerals like gold, gas, iron, geothermal and others. This is huge,” Million pointed out.” (Ethiopia mining) |
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