Kefi Gold And Copper Share Discussion Threads

[smackeraim] 02/12/2019 14:44

No point trading now. Just let it churn higher and see where more news takes it

[scrappycat] 02/12/2019 14:06

The MMs are certainly having fun playing the traders. At this rate, they will have a superb Christmas party. Can't imagine many LTHs selling at these sort of prices, having waited so long, and those keen to build a position will be holding on to them/buying more.

[robjm66] 02/12/2019 13:39

Yes sure all parties will be happy with the money saved.

[scrappycat] 02/12/2019 13:32

robjm66,

Familiar they may be, but I doubt they will be in control of the relocation, and external infrastructure. However, their assistance would surely prove to be of considerable help for the project in general. Far more so than that which the government could provide, I suspect.

[scrappycat] 02/12/2019 13:02

jaylett,

Very true. I think the EG will be somewhat perturbed by the recent turn of events, but, since they want the dollars, I am hopeful this will not reflect on the timescale required for them to complete the relocation, and external infrastructure required, before we can truly advance.

[the charmer] 02/12/2019 12:44

Give people enough rope.

[scrappycat] 02/12/2019 12:41

Personally, I do not imagine that the share price will really start to motor until we are notified that the constructors have moved in. At that point, the timescale to accessing the gold will be established (assuming the schedule is maintained).

[mark10101] 02/12/2019 12:32

Thanks Rob.

[the charmer] 02/12/2019 12:28

We are truly on our way. Lots of comment around now.

[robjm66] 02/12/2019 12:22

Mark10101
"The proposed Project and financing timetable, as previously announced, is for the first six months of development to be funded by way of equity investment at the TKGM level by the Project partners.. On this basis and after taking into account that KEFI has already invested nearly all of its contribution to the Project equity.."

Also been mention previously of Kefi getting some money back on final deal closing. Do not think Kefi would be considering using the money saved to expediate the expansion of the pit to depth if it meant Kefi would have to put all the money saved in now. No need anyway as money will be put used progressively as needed not in one lump. If kefi have nearly put in their whole lump for the total lifetime of the mine maybe they should have some money back on that as well till it needed.

At least that's the way I read though could do with some extra explaining from kefi of the implications.

[mark10101] 02/12/2019 12:14

Maththew, thanks for reply. I will read today’s RNS again and do some more digging.

[matthew stone] 02/12/2019 12:05

Mark, today's RNS states KEFI equity contribution still at $10m - '..sourced from cash, working capital facility and refunds on closing of full funding.' From memory, I believe we will receive around $8m in refunds, so $2m from working capital facility and cash still to find? Don't know if anyone with more knowledge than me can confirm - I thought we still had £1.5m of the original facility with a floor for conversion at 2p, so this would more or less cover it?

[smackeraim] 02/12/2019 12:04

Risk is being removed here. Expect people to be building long term positions imo

[smackeraim] 02/12/2019 12:03

Why ask here you pleb.

[jaylett] 02/12/2019 12:03

Because you're ramping it all over the shop, you disingenuous tosspot?

[costax1654x] 02/12/2019 12:00

Algw is going mental,anyone know the reason?

[mam fach] 02/12/2019 11:52

So glad those in for a quick buck bailed out early this morning.
Now for a steady rise all week.

[mark10101] 02/12/2019 11:51

Guys I have been watching KEFI for a while to see how financing pans out. One thing that was mentioned in previous interview by Harry that I have watch is that there is going to be $10m equity component, has that been squared away or is it still to come?

[the charmer] 02/12/2019 11:39

A lot quicker than you think.

[joeblogg2] 02/12/2019 11:36

Nice re-rate but a lot further to go after years of hard work and investment by Kefi of over £100mill!!!!

[the charmer] 02/12/2019 11:32

We are getting the sellers out and not really impacting the share price . Looking good.