Kefi Gold And Copper Share Discussion Threads

[whatnow1] 30/10/2019 13:28

So HAA has roughly £45k of his £915k investment(I/20th)

[daftbat] 30/10/2019 13:17

goatie, your post 62129 just lists his buys as taken off RNS's. It doesn't take into account the consolidation.

Take a look at the RNS on the 13/2/17, where it clearly shows Harry's pre consolidation holding of 90,508,334 shares, and then after he took the 577,932 shares in that fund raise, his post consolidation holding of 5,901,951 shares.

It's simple maths, 90,508,334 / 17 = 5,324,019
5,324,019 + 577,932 = 5,901,951

Now those 5,901,951 shares probably cost him over £900k hence his average price for those shares is somewhere around 15p.

Your sharepad thing doesn't take into account the consolidation.

[scrappycat] 30/10/2019 12:47

Topicel,

I find your posts arrogant in the extreme. Goatherd certainly does not come across as a stirrer, but as someone desirous of representing the facts, which is more than many of the detractors, including your yourself, fail to do. Innuendo and conjecture are rife.

I am not defending Harry. I am sure he is quite capable of doing it himself, but your, and others, recommendation that he indulge in heavy handiness with the EG, is, imo, totally brainless. Overcoming bureaucracy in the UK is bad enough, and I doubt that those who criticise would provide enough knowledge on the subject of dealing with the bureaucracy of a Third World country to fill the back of a postage stamp between them.

[whatnow1] 30/10/2019 12:31

Tops.."The current m/cap is in fact £5.4m. The disparity is so great that when finance arrives and triggers the construction phase the likelihood of an EUA type revaluation towards the stated range for Kefi's 45% of just TKGM's base project of between £41m and a current gold price of £108m is stark." you said it and PI`s are loading up today at these tiny prices.
Just wish I had the money to follow them :(

[daftbat] 30/10/2019 12:18

Goatie you are completely wrong.

[goatherd] 30/10/2019 12:17

daftBat,

As I said before SharePad have already taken that into account.

And, if they hadn't, the numbers of shares would be even higher.

[topicel] 30/10/2019 12:11

Bluesbeater's post 62,124 deserves re-reading, especially the extract from the Quarterly Update RNS today:

" TKGM projected economic statistics have improved markedly with the increased gold price, as announced on 8 April 2019:

-- TKGM's NPV at today's gold price of approximately $1,500/oz and applying an 8% discount rate, is GBP167 million (US$212 million) at start of construction and GBP239 million (US$303 million) at start of production;

-- The NPV of KEFI's planned 45% beneficial interest ranges between a low of GBP41 million (US$52 million) at US$1,300/oz at start of construction this year and a high of GBP108 million (US$137 million) at US$1,500/oz at start of production in 2021 i.e. within the range of 6 to 17 times the current market capitalisation of the Company of c.GBP6 million (US$8 million); and

-- These figures ignore the underground deposit and exploration assets."

The current m/cap is in fact £5.4m. The disparity is so great that when finance arrives and triggers the construction phase the likelihood of an EUA type revaluation towards the stated range for Kefi's 45% of just TKGM's base project of between £41m and a current gold price of £108m is stark.

Simplistically that implies an share price of 4p to 10p. And all without the additional TK projects that we have full beneficial interest in - save perhaps the 5% Government carry.

The moment 'shortly' becomes 'money in the bank' this will finally be, dare I say it, a little gold mine! The number of times we've said all of this before are numerous, but there must be immense pressure on the internal 'issues' within the Ethiopian departments to stop stalling this time...

100% of nothing is still nothing guys.

Topicel

[goatherd] 30/10/2019 11:52

Tops,

Well done, you have proved your 14m point. But I think I have proved my figures of his total purchases (I had missed the "transfers out" point - which showed as positive, so I turned it to negative).

So now we should try and find out why there is a discrepancy. Any help would be welcome.

Perhaps you would withdraw your remark that I "make things up as I go along"; and also that I am "on the payroll"? Both I find offensive - perhaps libelous, indeed. And you do not have a shadow of evidence for either.

[daftbat] 30/10/2019 11:48

Yes Goatie now take into account the consolidation.

[goatherd] 30/10/2019 11:38

Date▾ . . . .Investor Role .......................................Type ...........Shares.......... Value
20/06/2018 Adams Chairman of the Board/Director Purchase .. 6,943,040 £173,576
02/03/2017 Adams Chairman of the Board/Director Purchase .. . 577,932 ..... £32,364
11/12/2015 Adams Chairman of the Board/Director Purchase 16,666,667 £50,000
24/07/2015 Adams Chairman of the Board/Director Transfer out -8,125,000
19/06/2015 Adams Chairman of the Board/Director Purchase 25,000,000 £200,000
18/03/2015 Adams Chairman of the Board/Director Purchase 23,000,000 £230,000
02/12/2014 Adams Chairman of the Board/Director Purchase 20,000,000 £200,000
11/06/2014 Adams Chairman of the Board/Director Purchase . . 2,000,000 ..... £30,000

........................................................................86,062,639 £915,940

[cl2201] 30/10/2019 11:17

'EUA went on, as they often do first thing, to 4p from 0.5p Friday. Harry actually convinces someone at ANS to turn 'shortly' into 'paid' and we could see the same on basic valuation metrics alone.'

There certainly seems to be an increasing euphoria creeping into smaller resource shares. PREM also 6-bagged within a week or so and that's a company which, in terms of keeping to a schedule, makes Kefi look like a Tokyo train driver.

No doubt when this is triggered we would be flavour of the month.

[richsmithsmith] 30/10/2019 09:43

New shareholder presentation published...https://www.kefi-minerals.com/files/presentations/kefi-update-presentation-30october2019.pdf

[mostyn] 30/10/2019 09:21

There is a webinar at 2.00pm. Questions to [e-mail]

[topicel] 30/10/2019 09:07

EUA went on, as they often do first thing, to 4p from 0.5p Friday. Harry actually convinces someone at ANS to turn 'shortly' into 'paid' and we could see the same on basic valuation metrics alone.

Perhaps the EUA sellers could do worse then come here with some of their profits...?

Topicel

[bluesbeater] 30/10/2019 07:58

To my mind things should lift dramatically, within a short while this administrative hiccup has to pass. Anyone picked any reporting in the Ethiopian Press??

"TKGM's NPV at today's gold price of approximately $1,500/oz and applying an 8% discount rate, is GBP167 million (US$212 million) at start of construction and GBP239 million (US$303 million) at start of production;

-- The NPV of KEFI's planned 45% beneficial interest ranges between a low of GBP41 million (US$52 million) at US$1,300/oz at start of construction this year and a high of GBP108 million (US$137 million) at US$1,500/oz at start of production in 2021 i.e. within the range of 6 to 17 times the current market capitalisation of the Company of c.GBP6 million (US$8 million); and

-- These figures ignore the underground deposit and exploration assets. "

That's just TK
Doesnt include Saudi
Goodness this could be 20 bagger at production and once the loan is cleared.... sky's the limit

[whatnow1] 30/10/2019 07:30

Yep my mistake so I`ve removed the post

[daftbat] 30/10/2019 07:27

Whatnow1, we knew there was an update coming today, they told us in yesterday’s RNS

[whatnow1] 30/10/2019 07:00

Tops is 100% correct in his last post and that HAA`s holding now "Mr. Anagnostaras-Adams and his wife beneficially hold 14,169,787 Ordinary Shares, representing 2.08% of the issued share capital of the Company. If he`s ploughed in anywhere near £915k for those then he needs a epic rebound in the share price just to get level, let alone in profit.

[divmad] 30/10/2019 04:04

What's the alternative? Kefi suing the EG? Good luck with that one.

[bluesbeater] 29/10/2019 21:30

It seems to me that Harry is looking to the long term with optimism. I bought after Harry's last purchase and again today. I'd have 10 times the shares I own if I bought all today. However, in for the long haul and it really looks like the.last hurdle before the start line approaches.