Kefi Gold And Copper Share Discussion Threads

[red rook] 21/2/2020 20:48

Listened to Harry's interview on twitter ... and according to Harry there will be a lot more closing documentations and sign-offs to be waiting for :-)


@ 2:25min ''.... so there's a 6 month process of BOOM, BOOM BOOM ... you know, closing documentation and sign offs, leading to full earthworks construction in the second half of the year ..... ''

[marnewton] 21/2/2020 16:35

hxxps://moneyweek.com/investments/commodities/gold/600874/gold-is-at-its-highest-level-in-years-heres-how-to-invest?utm_campaign=money-morning-newsletter&utm_medium=email&utm_source=newsletter

[neilng] 21/2/2020 16:11

Rio that post should have a link to the header for any new investors.

[neilng] 21/2/2020 16:09

Rio thank you for the summary but I must filter you for taking all of the memory in my phone.Sums up my entire thoughts in one sentence, even if it is a long one.

[mab] 21/2/2020 15:29

estseon,
You mentioned a week or so ago the kefi run of 2010/11, here's a full history chart of kefi, similiar run would take it to 10p area. shows the main central trend line and the 2 standard deviation of price trend. blue line 200ma

[scars] 21/2/2020 15:13

POG 1648, if only KEFI had some out of the ground!

[1deedee] 21/2/2020 14:57

RTS
Thank you for the excellent bit of reading this is why we're all here

[siriusbizness] 21/2/2020 14:56

Rio, great summary of the opportunity here. I agree that 6p would be just the start. That said it won’t come overnight which seems to be the horizon for a lot of investors come traders these days

[scrappycat] 21/2/2020 14:32

RTS,

Thank you for your superb summation. Totally agree with your analysis.

[scrappycat] 21/2/2020 14:25

Thanks esteon. I am aware of the locusts storms. I mentioned them in a previous post.

I can see I made a mistake in my last post. I should have said 'conclude in a timely fashion'. Agreed that it is all new to them, but they stated the following according to the recent RNS:

'the total ANS Mining commitment is US$38 million with the first US$9.5 million (Ethiopian Birr equivalent) being unconditional'

If it is unconditional. why the delay?

[seball] 21/2/2020 14:16

Rio great post

[lurchlides] 21/2/2020 14:14

Well said Rio.
May all the short term traders get caught when this goes ballistic.
This is a life changing opportunity, but only for those who are willing to ride the storm.

[riotinted_specs] 21/2/2020 14:10

Apologies for my war and peace positioning. Above all, this is targeted at new investor entrants.

[riotinted_specs] 21/2/2020 14:08

To both LTIs and traders, it has been just 4 days since KEFI received formal go ahead of the TULU KAPI gold mine. A go ahead with full support and active and intimate Ethiopian Government partnership. The EG are constructing critical transport and security infrastructure directly attributed to this mine. This includes roads an airport and not least security reinforced by the military. The Nobel Peace winning EG Prime Ministers hands are all over this. And its no wonder as this single TULU KAPI asset alone will represent the largest export revenue generator for the fastest growing country on the planet. The current declared KEFI NPV is a minimum of 7-12x multiple of our current market capitalisation and the corresponding share price is valued strictly on this single JORC Certified asset. The NPV doesn't take into account the equivalent gold mining opportunity directly below the TULU KAPI mine. Nor does it include the surrounding catchment area where KEFI have first movers and first pegging rights of refusal. So when we look at subsequent phases there will be enormous cost efficiencies and increased profit margins due to the - in place - critical transport, military, mine and human resource infrastructure. Regarding humans, I have never seen a social contract so boot strapped. This has included a comprehensive and detailed family by family relocation compensation assessment. KEFI have gone well beyond the government declared remuneration requirement with what equates to life changing money to said community. As regards ANS, the investment bank set up exclusively for Ethiopian mining. TULU KAPI is their first investment and ANS is comprised of the most respected and successful Ethiopian financial and political elite. So let us be clear this is not some dodgy, early stage fly by night banana republic, exploitative mine with pie in the sky speculative AIM promises. It is rather a superb mining find, best explored and developed by an outfit both lead and full of Australians. The Aussies, as we all know are among the best miners this world has to offer. And for this shield geology they are, without question the very, very, very best and indeed the pioneers of such mining and economy changing exploration, development and production on their own land. So this is the real deal and a culmination of a decade of jurisdictional instability which has been resolved by dramatic, sweeping Ethiopian Nobel Peace prize winning democratic reform. And finally, the current NPV has yet to also take into account KEFIs assets in the Saudi Arabia Nubian shield. Exploration has uncovered easily accessible, shallow depth VMS Volcanic Massive Sulfide. BIG mineral NUGGETS. The Saudis are, and will continue to be, an easier and less bureaucratic nation to deal with from a resource perspective. Saudis are much more sophisticated and accustomed to such foreign investment proven by over a century in the oil sector. Here again KEFI have pegging rights that far exceed the specific area they are currently exploring. Early findings have copper grades upwards of 5 percent. This grade is 10 fold to that of many, if not most, of the existing existing profitable largest copper mines. Those mines, incidentally are going deeper into existing pits at much higher costs and lower grade to that of what they are doing now. So the profitability of shallow depth combined with high grade copper has an exponential order of magnitude on profitability. All at a time when the worlds cooper supply is dwindling and demand is dramatically increasing. We are moving to and electrified world and away from fossil fuel energy. To note but a few examples.. electric cars and busses, charging points, solar, wind and any renewable energy, the ambitious Chinese Belt and Road infrastructure initiative and imminent US reinfrastructuring. And of course critical to the Saudis, the natural transition from decreasing oil production for which they provide the world with fossil fuel energy towards supporting the world with electric energy derived with such metals as copper. I reiterate my near term 6p forecast and minimum 40p within a 15-18 months. And I hope the RNS doesn't come out until EUA comes off its trading suspension due to an imminent massive takeover. They have gone from .4p to 7.3p and likely double all since October. I envy those who invested in EUA that take their profits and commit to KEFI, a derisked multibagger. Adding volume to trading to benefit KEFI LTIs and traders alike. I do not see any patience required for those that have invested in the mid to long term as we have this in spades. But for recent entrants, hid your position, then continue to hold it.

[chopper harris1] 21/2/2020 13:28

You took the words right out of my intended next post, Divmad.

[scrappycat] 21/2/2020 13:24

This apparent inability of the EG, to conclude the deal, must surely reflect on their international reputation. Makes one wonder why any company or country would think the EG would follow an agreed path, in a reasonable time scale. Not good for them. It really is time they got on with it.

[divmad] 21/2/2020 13:20

Or will they simply roll forward the warrant exercise date, and maybe also lower the exercise price, in true AIM lifestyle fashion?

[enter] 21/2/2020 13:16

There's no way they can hold out until the 30th April. Another 2 month delay would be unacceptable. The first tranche of money should come next week in my opinion.

[chopper harris1] 21/2/2020 13:14

I've thought about the warrants. It will be interesting to see what happens if the share price is still at current levels on 30th April.

Will they have the courage of their convictions and exercise their warrants at a price higher than the open market?

Of course, they will be able to purchase a similar amount of shares more cheaply on the open market but the company won't see any of that money.

[whatnow1] 21/2/2020 13:06

Monies should be sorted sooner rather than later since from the 17/12/19 rns "Each Warrant will entitle the holder to subscribe for one new KEFI ordinary share at a price of 2 pence per share and must be exercised by 30 April 2020 (following which unexercised Warrants will lapse and be cancelled)."
Can`t see them jeopardising the easy money that will be available at 2p?
30/4/20 ain`t that far away.

[enter] 21/2/2020 12:56

Everyone knows that ANS have to pay the first tranche of money now. Harry can't spin this anymore. If ANS are serious about the project they are out of excuses. The government and everyone involved with the project is looking at ANS now and waiting.

[digger2779] 21/2/2020 12:29

Can't say that I was happy to hear Harry mention elections in 6 months time in the twitter video. Is this another Houdini route to follow if the money doesn't appear soon, imminently or whatever?

[fart_conductor] 21/2/2020 12:20

This conference is 2 weeks old, imminent is now

[bostanli] 21/2/2020 12:13

Glad to see your keeping your perspective correct even though you’re a bit long on the time scale and short on the price !! lol