Kefi Gold And Copper Share Discussion Threads

[topicel] 13/2/2020 08:58

It says:

"ANS funds are to be released imminently and upon receipt of said funds the TK project is underwritten to begin in earnest which will, according to all reasonable valuations, make the parent company worth 2-3 times the current share price.

The initial $9m-plus deposit of a total $38m will be deposited into the holding account of TKGM either Friday 14th February after the formal general meeting in Ethiopia, or first thing Monday morning, depending on clearances and alongside official stock exchange announcement via RNS.

All who anticipate this event need to obtain shares now at 1.8p to maximise the expected significant increase in market value once these matters are concluded. Target 5.4p for this part of the Kefi portfolio alone. All other interests in the underground and satellite deposits, plus the massive prospects that dwarf the Tulu Kapi resource in Saudi Arabia, are as yet given no value but could easily triple that target within months".

Topicel

[siriusbizness] 13/2/2020 08:43

What does it say then? Just a link to twitter...

[bejubiant] 13/2/2020 08:13

If you want to categorically be sure of picking up Kefi stock cheap, today is your day.
From 4.30pm GMT today it could be a vastly different position.

[banksy] 13/2/2020 08:12

This is being held around these levels by mms. If ANS cough up next week all good, but if more spin from Harry then it's going down

[scars] 13/2/2020 07:19

2 interesting days ahead, news or no news til monday?

[oilisgold] 13/2/2020 05:10

Strap on boyz. Today could be a blow off.

[pediment] 12/2/2020 20:04

Well said jaylett, keep that sort of trite hackneyed garbage for the morons on LSE P&Ds

[tim_the_trout2] 12/2/2020 19:56

Hi HB

I think your only choice is unleaded or leaded.


TTT

[pediment] 12/2/2020 19:50

Just a little look at that IHS on the weekly, trying hard to break out although that was a fairly solid rejection today. It's going to take a little while to turn that weekly 100ma (the 200 is off the top of the chart) however this week's candle has held above it so far.

I'm still tending towards another iteration on the daily to 1.60 but it's all still a bullish set up imo

[hairyback2] 12/2/2020 19:41

RNS 30/01/20

'.............a General Meeting of Tulu Kapi Gold Mines Share Company ("TKGM") has been convened for 14 February 2020 (the "Meeting"), to formalise the final and procedural sign-off of all matters required for the release of funds from ANS Mining Share Company ("ANS Mining") to TKGM.
The subsequent transfer of the first funds from ANS Mining to TKGM is expected to occur following the Meeting. As previously announced, the total ANS Mining commitment is US$38 million with the first US$9.5 million (Ethiopian Birr equivalent) being unconditional and subsequent amounts in accordance with the conditions previously indicated'........

key elements are 'to formalise the final and procedural sign-off of all matters required for the release of funds'.........and............'The subsequent transfer of the first funds from ANS Mining to TKGM is expected to occur following the Meeting.......'

the GM is important obviously,but do not expect the cash to be instantly transferred following the meeting,assuming there are no hitches which there shouldn't be.

however,my caution may be misplaced and simply as a result of managing expectations (after 11 years of holding).

lets hope this time it falls on the positive side and the missus gets 2 dozen roses rather than a lash up from the local petrol station.

HB

[mam fach] 12/2/2020 18:41

Must be from this morning.
Must know something.

[shortarm] 12/2/2020 17:36

3.2 million shares at 17:29!Must have a hunch lol

[bluesbeater] 12/2/2020 16:17

hxxps://www.careermine.com/jobs/senior-geologist_1828656/

[edgein] 12/2/2020 15:49

Silican,

Given the additional 1m oz potential under this pit and also the rest of the Eth expo potential for satellite discoveries, 4p is very very conservative indeed. Add in Saudi too and the share price should be double that. Imagine a small cap with our Saudi asset alone!

Regards,
Ed.

[sicilian_kan] 12/2/2020 15:39

P.S. If we look at cash flows and NPV we can reach much higher figures as KEFI's RNSs demonstrate. But even if we ignore those and just look at the value someone is prepared to pay for the project today, we get to a 3.5p-4p conservative valuation.

[sicilian_kan] 12/2/2020 15:30

ANS are paying $38m for 33% of Tulu Kapi

This values 100% of Tulu Kapi as $115m or £89m

ANS therefore value KEFI's 45% share at £40m as of today or 3.48p per share

3.48p is the logical next stop for the share price.

And this ignores the excellent Saudi project and values it at £0 and the upside as construction at Tulu Kapi develops.

Taking all into account 4p is a perfectly reasonable conservative price, building in lots of room for all the upside we are aware of in both Ethiopia and Saudi.

[scrappycat] 12/2/2020 14:58

LLB,

I think you are being unduly pessimistic, but that is your choice. The market will assess this in accordance with the JORC valuation. There is little reason IMO to do otherwise. Don't forget they have also had an offer of alternative funding from other African banks - though I am confident they will not need to take that course. The EG, have, in effect, been shouting the mining prospects in Ethiopia from the rooftops, and will be very keen to support progress once the infra structure work they are responsible for is complete.

[oilisgold] 12/2/2020 14:50

Strap on. Not long to go now.

[taxlosstone] 12/2/2020 14:44

And 18 months and counting to think about it. :-(

[tim_the_trout2] 12/2/2020 14:42

If I was to invest into US$38 million of funding then I'd want an official General Meeting with all of the trimmings.

TTT

[laurence llewelyn binliner] 12/2/2020 14:19

SP expectations should be moderated here IMO, the Friday meeting is a PR opportunity for the GoE, ANS and KEFI BOD for some back slapping and photos in the local papers..

A funding received RNS probably on Monday, the first USD9.5M is a big milestone for the project but only the start of the journey to finding the USD150M needed to build the mine, and we still have USD500K a month overheads to cover off so in real terms the ANS 1st tranche buys us 18 months time..

I'm expecting to see 2p on Friday, maybe a spike to 2.5p on the RNS, we have not built anything yet let alone produced anything and there is a long way to go.., but with Saudi adding to the program over time KEFI will be a multi mine company, and that scales earnings up some..

It will be very interesting to see what does actually happen on the news, it is AIM and anything goes, I am fine with 3 or 4p but I just don't expect to see it next week.. :o)