Kefi Gold And Copper Share Discussion Threads

[robjm66] 02/12/2019 10:31

“On this basis, TKGM could maintain the same net cash flow for shareholders as previously projected, while at the same time funding the development of the underground mine, which requires an estimated capital expenditure of US$37 million per its Preliminary Economic Assessment ("PEA"). This is expected to significantly increase production, mine life and the overall Project NPV.”

[the charmer] 02/12/2019 10:30

Each time the crew sells are paying more?

[robjm66] 02/12/2019 10:26

Well that was quick.

[smackeraim] 02/12/2019 10:06

A bit of patience goes a long way!

[sam_] 02/12/2019 09:56

From LSE

"TA chartist just tweeted this:

"Major price action on #Kefi suggesting new chapter beginning here hence excited. Price gapped up on the monthly after last month closed with an inverted hammer candle. Very strong bullish momentum. Monthly 20ma looks broken at 1.64. Initial target 2.45-2.65p now.Strong Buy!"

"

[smackeraim] 02/12/2019 09:34

On this basis and after taking into account that KEFI has already invested nearly all of its contribution to the Project equity, KEFI's 45% beneficial interest is US$130 million (approximately GBP101 million), about eight times the current market capitalisation of the Company.

[mam fach] 02/12/2019 09:34

Correction. 9.32am.

[mam fach] 02/12/2019 09:33

Agree. Definitely positive news.
Don't think we've had a true reaction to RNS yet.
But it is only (.32am on Monday.
Looks like being a good week.

[bejubiant] 02/12/2019 09:25

Absolutely correct.. this RNS is bigger than the sum of its parts.
It will take some time to digest, and the market will then move.
Uncertainty and associated risk left town today. This will happen now.

[stoneme] 02/12/2019 09:20

Had expected more of a buying rally this morning on the back of the funding RNS.I have reread it a few times. For me, it's now an add at this level, and whilst the last few weeks have left me wondering whether Kefi are for me, this RNS is a much bigger step forward than the markets reaction.The sentiment , trust are clearly out of sync with the statements. That will change.

[mam fach] 02/12/2019 09:14

Day traders seem to be out of the way.
Glad to see recovery in share price. Was way oversold.
Last week was demoralising for holders.
Keep thinking positive thoughts.
Filter all posters with negative opinions.

[the charmer] 02/12/2019 08:53

An interesting paragraph from this mornings RNS...


"The expected savings from the preferred bank-based infrastructure finance proposal provide our Project subsidiary, TKGM, with the opportunity to develop and further explore the underground Tulu Kapi deposit and significantly increase value for shareholders, without reducing net cash flows available for other purposes."

[stoneme] 02/12/2019 08:50

Excellent summary of the current state of affairs and process. Like you, I would not like to see the BOD drive this part to an early conclusion. The potential risks are all subsiding.

[joeblogg2] 02/12/2019 08:48

A little more patience , Ethiopia gov needs revenue and sooner they get mine started the quicker they can!!

[bejubiant] 02/12/2019 08:45

A signed Term Sheet is significant to a point.
It signifies that detailed terms have been offered by the bank syndication, and accepted by the board.

From here on in its due diligence, valuation, underwriting, credit approval and then a formal, ratified offer of facilities.
Sensibly, this will all be done before the end of Q1 20.

There is a strong argument also that Term Sheets don’t tend to vary that much, unless something “untoward̶1; comes to
Light in the aforementioned process.

Essentially, this is very likely to be accepted as proposed.. Deal Done.

For me, as a long term holder today actively shows me that the uncertainty around the future of Kefi is in the wind and away.

ANS monies will arrive, the debt deal gets ratified, the mine gets built and we see a great Win Win unfold.

GLA it’s been a long journey to here

[scars] 02/12/2019 08:39

Personally still waiting for the 002 drill results, should be this week.

[sam_] 02/12/2019 08:35

Now sellers are fading, nice support on the ask.

[the charmer] 02/12/2019 08:07

The crew are selling

[topman1966] 02/12/2019 08:07

Big sells coming in now . Will finish red

[invest ted] 02/12/2019 08:06

I wonder if ARTAR still hold a position here? They would be keen to see Hawiah exploited.

[jaylett] 02/12/2019 07:59

Indeed, which is why ANS paying up remains the final piece of the puzzle for a major rerate. If that nagging doubt is removed this week as we all hope then it's happy days.

[ianf67] 02/12/2019 07:58

Good rns. Probably will fall lol. Seems to happen when I invest

[bradley12] 02/12/2019 07:56

Muppets saying it kicks the can further down the road are as usual missing the facts.
The ANS money funds development for the first Six Months. Why would you draw down the finance before you need it?

Brad

[smackeraim] 02/12/2019 07:40

Yep Edgein.KEFI has already contributed. Mine is going ahead. Kefi's general operating costs reduce too when finance kicks in.It is good all round