Kefi Gold And Copper Share Discussion Threads

[andysand] 12/11/2019 13:27

That's also nonsense. We have not seen the top at all. It will reach 5p over the coming weeks/months.

[ianf67] 12/11/2019 13:25

Seen the top. Now the bottom awaits

[andysand] 12/11/2019 13:25

This is not remotely suspicious or worrying. Today, more people have sold than bought. It's as cold and simple as that. We only have to wait 3-4 months at most for the re-rate to complete. It will get there; but not in a few days!

[smackeraim] 12/11/2019 13:22

Still cheap at this price, gov. funding coming.. production within 2 years from open pit, CLNs done, that's without SA .. this is the turning point.. take advantage!

[smackeraim] 12/11/2019 13:20

The onset of construction at Tulu Kapi – a 140 000 ozpa gold mine scheduled to start producing in 2021 – will at US$250 million be the largest single export revenue generator in the country. It is situated 360 km west of Ethiopia's capital, Addis Ababa.The government's aspirations are in the right place and should enable investors to consider the country open for business says KEFI Minerals chairman Harry Anagnostaras-Adams."We would like to express our appreciation of the enormous efforts made by the ministry of finance, the Ethiopian central bank and other authorities to establish regulatory frameworks to oversee and support policies and actions being dealt with for the first time, as the Tulu Kapi gold project fulfills its first-mover position in modern Ethiopian mining."

[7rademark] 12/11/2019 13:20

1.8p needs to hold ideally. Don't like how they dropped the bid to 1.7p when we test the 1.8

[goatherd] 12/11/2019 13:01

My apologies. I made a mistake in my calculation of the rock value. It actually is
$106/72 per ton, or a copper equivalent of 2.02%

[andysand] 12/11/2019 13:01

Churn is an important part of the progress of the share. Short termers have to be able to get out to let more onboard for another step up. So might not go anywhere today. Hopefully recent buyers will learn a little patience :) It can't go up 60 percent every day :)

[oilisgold] 12/11/2019 12:59

I remember back many years ago, a lot of us invested in KEFI at 1p before Consolidation. Many LTH were down by over 90%. AIM for you, now you got idiots saying its spiked. I left these shares in my ISA since 2013. 6 years, so hopefully this is start of recovery

[smackeraim] 12/11/2019 12:41

Agree, let it churn then onwards to 4p

[theaviator] 12/11/2019 12:39

I should suspect this will be nearer 4p mark by end of week

[robjm66] 12/11/2019 12:22

CashandCard In KSA kefi has a partner (ARTAR) that will shoulder most of the costs according to Harry and Kefi is the smaller partner plus there is a loan scheme.

hxxps://www.sidf.gov.sa/en/Pages/default.aspx



LTHs here have dropped pretty heavy hints that having kefi should not spend to much to fast which harry seems to have taken on board form his comments. Had the same kind of battle before with shareholders pushing for TK to be funded a project rather than company level which was won.

[stockriser] 12/11/2019 12:22

It's not just gold in them hills ;-)
World’s major gold miners target copper porphyries

[goatherd] 12/11/2019 12:16

cashandcard,

Of course. Bit early to say yet - and it is only one hole - though with this type of structure I would expect it to be fairly typical of the overall average.

Of course the "supergene" bit will have much higher gold grades.

[cashandcard] 12/11/2019 12:12

goatherd,


Question is how much will it cost to produce that?


Cash

[bostanli] 12/11/2019 12:11

Recommend everyone who wants a quick catch-up on what Kefi is all about, should watch the last 121 Mining Investment in New York last month.

Sky’s the limit with this!!

hxxps://youtu.be/vrxMVrDOrYw

[robjm66] 12/11/2019 12:09

Proactive investors

KEFI Minerals* (LON:KEFI) 1.9p, Mkt Cap £16.5m - Encouraging drilling results at Hawiah
The team received assay results from the first drill hole completed at the Hawiah Exploration License in Saudi Arabia. Drilling results include 15.8m at 1.2% Cu, 0.51% Zn, 0.51g/t Au and 9.1g/t Ag (true width 8m) from 151m (HWD_001). Assays from HWD_002 that tested the near-surface oxide gold zone as well as HWD_00.3 and HWD_004 that intersected sulphide mineralisation over 8.6m (true width 6.0m) from 38m and 16.2m (trwu width 11.0m) from 268m are currently pending. The current 2,500m drilling programme follows up on previous exploration work that demonstrated that the Hawiah ridgeline hosts enriched oxide gold at surface with potential for Cu-Au-Zn at depth. The geophysical anomaly under the ridgeline suggests the potential mineralised zone is open both along strike and down dip offering upside potential to the scale of the VMS system. Separately, the Company reported yesterday that it has drawn down on the last £0.25m of the £2.25m convertible loan facility. The Company repaid £2.0m of the facility so far with the latest conversion of £0.7m in debt into equity at 0.68p. The team nears the point at which TKGM equity partners will inject development capital into the project that would in turn allow KEFI to reduce running costs and see the start of construction works at Tulu Kapi. "Following the clearance from the Government (ie the Government resolving its final administrative arrangements), the Project equity closing processes are now being dealt with and KEFI looks forward to updating the market upon completion," KEFI said in the announcement. Conclusion: This is an exciting set of results that warrant further drilling at Hawiah with further assay results on the oxide gold cap and copper-gold-zinc sulphide mineralisation at depth due shortly.
*SP Angel act as Nomad and Broker to KEFI Minerals

[robjm66] 12/11/2019 12:01

hxxps://www.morningstar.co.uk/uk/news/AN_1573554907083080400/kefi-minerals-reports-encouraging-scout-drilling-results-at-hawiah.aspx

[goatherd] 12/11/2019 11:30

EDITED

The value of the rock - from the first drill hole only, is $106.72 per ton

[mam fach] 12/11/2019 11:26

Lots of big buys. My guess re rate after 3.
Similar finish to yesterday. Happy Days.

[shirley83] 12/11/2019 11:25

Great volume. Bodes well for the afternoon session

[genierub] 12/11/2019 11:20

I think this is going to pick up well and finish strong today. Silently being snapped up in good volume.

[mam fach] 12/11/2019 11:11

Two tree shakes already. Looking good for later.
Anyone buying under 2p getting a bargain.

[scars] 12/11/2019 10:57

Volume on the buy side still very strong, bodes well for a pick up later in the day. Must be some longer term investors locking in for the ride.