Kefi Gold And Copper Share Discussion Threads

[robjm66] 27/5/2020 10:16

Well usually Charmer on aim the good news is put out on a Monday or Tuesday to give the share price a longer run, bad news on Wednesday to Friday with the hope it gets missed though I suppose in this case with the bank holiday Wednesday is Tuesday.

Probably did have to release it fairly quick or with the steady climb back up of the share price the suspicion would have been something leaked. If they could have held onto the news till after the meeting would have been better though, that way newer investors other than vlth (veryt long term holders) me included that got into Kefi due to the potential in KSA could be walked through the whole thing.

Got another company maker here as big or probably bigger then TK should be properly highlighted.

[the charmer] 27/5/2020 09:40

robjm6627 May '20 - 09:32 - 3909 of 390

"Great news pity it was put out on a Wednesday."


What' s your thinking/rationale behind that, Rob?

[robjm66] 27/5/2020 09:32

Great news pity it was put out on a Wednesday.




hxxps://m.engineeringnews.co.za/article/second-stage-of-kefis-drilling-programme-in-saudi-arabia-completed-2020-05-27

“Hawiah already appears to have a more valuable metal content than Tulu Kapi in Ethiopia as we have only drilled the top of the system, which remains open at depth below all zones drilled to date.”

Could really do with a Geo to explain what we have so far and could end up with.

[shortarm] 27/5/2020 08:13

Yeah, good luck with that - can't see it ending well.....

[philby1] 27/5/2020 08:13

Harry isn't known for getting too excited which is why I recall him remarking on a presentation that the assets at Hawiah could be 'potentially mind blowing'. I never forgot that comment.

[neally99911] 27/5/2020 08:10

Maybe he prefers to get the current mob out and recover some value rather than have it stolen bit by bit through either incompetence or corruption

[bostanli] 27/5/2020 08:08

Lovely sunny morning keffians!!! :-)

[shortarm] 27/5/2020 07:55

Cyba votes no and wants to lose his entire investment - sensible stuff that is........

[the charmer] 27/5/2020 07:40

Cybaa. Even though I hate the phrase.... It is what it is!

[cybaajak] 27/5/2020 07:37

@ the charmer re 3899. Still here. Still think Adams has been a terrible CEO in respect of the both management and financial aspects with regard to Kefi. If they were to find solid gold bars under Hawiah I would STILL vote no tomorrow on the GM for further funding because the price of .0065p is a kick in the forks to EVERY LTH.

[tomboyb] 27/5/2020 07:32

KEFI Minerals plc Hawiah Exploration Update
27/05/2020 7:00am
UK Regulatory (RNS & others)

Kefi Minerals (LSE:KEFI)
Intraday Stock Chart

Wednesday 27 May 2020

Click Here for more Kefi Minerals Charts.
TIDMKEFI

RNS Number : 9971N

KEFI Minerals plc

27 May 2020

27 May 2020

KEFI Minerals plc

("KEFI" or the "Company")

Hawiah Exploration Update

Stage 2 Programme Completed With 69 Drill Holes

Assays Re-Affirm Three Separate Zones for Potential Mining

Further Targets Remain

Inaugural JORC Resource Targeted Mid-2020

KEFI Minerals (AIM: KEFI), the gold exploration and development company with projects in the Federal Democratic Republic of Ethiopia and the Kingdom of Saudi Arabia, is pleased to provide an update on the ongoing exploration programme at the Company's Hawiah exploration project in Saudi Arabia. KEFI's operations in Saudi Arabia are conducted through its 34% owned joint venture company, Gold and Minerals Co. Limited ("G&M"), where KEFI is the operating partner.

G&M has now completed Stage 2 of the Hawiah diamond drilling programme, increasing the number of completed diamond drill holes to 69 since the first drill hole in October 2019.

Copper-zinc-gold-silver sulphide mineralisation has been intercepted in drilling consistently over more than 4km of strike length, with intercepts within the supergene zone of up to 4.4% Copper over a 6m true width interval, including 5.8% Copper over a 3m true width. The results re-affirm the large-scale Volcanic Massive Sulphide ("VMS") style of mineralisation that underlies the +4km long surface gossanous ridgeline. Assays have been received for 59 of the 69 drill holes and confirm the positive progress towards delineating an initial Mineral Resource in accordance with the JORC Code in mid-2020.

Sufficient drilling has now been completed to identify three zones with the following preliminary parameters for potentially mineable massive sulphide lodes, with all zones remaining open at depth

[philby1] 27/5/2020 07:27

So already more than Tulu Kapi and it looks like there is plenty more there still to be discovered:

The Company will also continue to assess further resource potential at Hawiah, given that drilling to date has yet to establish the extremities of the mineralisation at depth and along strike.

[the charmer] 27/5/2020 07:26

Cybaa has gone rather quiet. Wakey, wakey. Lol.

[czar] 27/5/2020 07:19

There is not 1 cent in KEFI's current price for this and getting funding from Saudi will be a doddle.

"We are very pleased with the results to date of the drilling at our copper-gold-zinc-silver discovery at Hawiah in Saudi Arabia. Hawiah already appears to have a more valuable metal content than Tulu Kapi in Ethiopia"

[the charmer] 27/5/2020 07:18

Let us see what comments we have this morning? Await with interest.

[robjm66] 26/5/2020 09:00

Cybaajak kefi is one of three investments into miners so Rab getting money from somewhere and obviously the direction they want to go in as hardily a lack of companies wanting money at the moment.

[scrappycat] 26/5/2020 07:53

cyba,

You can conjecture about the taste, as much as you like, but the proof of the pudding ultimately lies in the eating. Having said that, it is difficult to be absolutely positive about any plans/dates, given the uncertainty created by Covid19.

[cybaajak] 26/5/2020 05:27

RAB Capital have to front up £3.7M for their wadge of confetti. If you google RAB Capital and go see Company House Financial Reports for 2018 (Yes 18. 19 Financials have not been reported yet) you will find that in 2018 RAB made a profit of £300k+ for the year. Where the hell they are getting £3.7m from is unknown BUT, as revealed in the RNS about the share issue RAB HAS to hold 10% of the total shares in issue, to keep their seats on the BoD of Kefi.

There WILL be 1.9 BILLION shares in issue, after this upcoming round of dilution for long term holders. SO RAB need to hold back 190 odd million shares, TO KEEP THE SEAT. If that is just a condition they don't intend following on, well, so much for HAA and his deal making skills.

Which leaves the rest of their confetti up for selling on the Exchange. It gets a little hazy on the mechanics BUT supposing the share price recovers on either, EG finding willing Financial Victims to support TKGM, OR EG funding TKGM autonomously, timed around June or July prior to the so-called October kick off schedule.. Rough estimates are the market having to absorb about 180-200 million shares in the next 4 months. (Figure estimate made up from RAB overhang AND associated contractors remaining fluid in tough times during Covid).

Bearing in mind that doesn't allow for any price bumps occurring with KSA news (PEA, Drill results, New mining Licence Issues)

Planning ahead on financial reward is a sketchy and often bad idea. Its what caused the depressive share price over 15 months by Lanstead in 2017/18. At the sake of often repeating myself, they were given 84 Million shares in exchange for a pro-rated monetary exchange a month for 18 months, and proceeded to trickle 2 & 1/2 million shares a month (When there was only 330m shares in issue) at the start of that agreement when the share price was a robust 5p. As the share price gradually ski sloped Lanstead had to dump more to keep the payments at the required level, eventually causing HAA to cut the cord 3 months early. I only remark on it here as this IS NOT the way the RAB deal is constructed, but if RAB WERE to future proof their investment.. AND IS ONLY DESIGNED TO LAST UNTIL OCTOBER... As long as the kick off date doesn't slide, which, I expect is what WILL HAPPEN.

[goldholdgold] 25/5/2020 20:49

Issue i think i am seeing is that when kefi settled invoices with shares i think these contractors meet day to day needs by selling into a thin market and depressing price further. Constantly issuing shares has been very detrimental for kefi to find a fair valuation. It was a mess Harry selling stock to those that would immediately dump the stock and hopefully Rab capital will not offload some. Hopefully that share overhang will go soon.

[jon9911] 24/5/2020 13:47

Need to get through the 455 million share issue this Friday before hopefully moving on up.

[outlawinvestor] 22/5/2020 17:05

mixed amongst them are those who are interested in a somewhat more permanent investment or a top up.

Correct learned friend, and those guys are on the bid not the offer. People with access to the order book are buying on the bid and amongst them as you say are people seeking to "top up".

[scrappycat] 22/5/2020 16:41

I agree that the traders will be providing much of the action at the moment, but mixed amongst them are those who are interested in a somewhat more permanent investment or a top up. These people will not be selling for a 10% gain.

[outlawinvestor] 22/5/2020 16:28

No nerve required. The basics are set fare, irrespective of the placing.

Yes from the point of view of a long term holder.

The guys on the offer right now are mostly traders/speculators - not many LTHs will offer their shares at these levels.