Kefi Gold And Copper Share Discussion Threads

[molatovkid] 16/7/2020 07:44

I am thinking the key here is:

1) Buy / hold now
2) Wait for 5 years
3) Get very rich

[edgein] 16/7/2020 07:41

That's a decent amount of Cu eqv in Saudi considering the market hasn't even priced in the gold assets yet:

"We look forward to releasing the initial Hawiah Mineral Resource in August and thus providing further confirmation that our valuable Hawiah deposit has the scale and grades for a potential long-life, profitable mine. At current copper prices, it is notable that the in-situ value of Hawiah is already likely to be more than US$2.5 billion."

Regards,
Ed.

[molatovkid] 16/7/2020 07:39

Edging towards something, not sure what, but success seems tantalisingly close.

What we seem to be being told is that this is a 20m tonne reserve and that's just for starters....

[matthew stone] 16/7/2020 07:39

Wow...took me by surprise with that RNS...maybe 50p isn't out of the question?!

[chopper harris1] 15/7/2020 22:12

Rio,

I can't make out if your post 4874 is tongue-in-cheek, or not.

You do realise that 50p a share equates to above a £900m market cap? Let alone a £1 a share or £2 a share (£3.6 billion market cap!!!!!)

And that's without any further dilution.

[riotinted_specs] 15/7/2020 21:55

Tops, with roughly 10 years of QE pre COVID and then all the unprecedented free money bail outs due to COVID - the preverbal is currently being thrown into the fan and when it hits, all FIAT currencies will devalue in relation to the only true money - GOLD. 2020 USD in 2020 3000 USD and rising commensurate with our gold mine opening. And that is a prediction !

[topicel] 15/7/2020 20:32

Well the financial crisis to create the QE conditions that drove gold and junior miners within a year or so. It was definitely moving in many miners by 2010 and then, as with all sweet treats, the market got sick having ingested too much.

Clearly the same is happening now and Kefi will ride that coat tail provided we actually fund the project. At the moment the QE underway will dwarf what's gone before and it should move into anything with, or linked to, intrinsic value.

But whilst I agree with the observation that a boom was underway 2009-11 and should reoccur now, it will most probably be accompanied by far worse general economic conditions. That could make gold related projects even more desirable!

Big caveat; we are not gold owners. We are not even gold producers. We are still categorised as gold explorer - with maybe copper too. Then, if there is an economic downturn the best idea is to have and own gold, not be in a junior mining stock as the paper is far from reliable.

All gold investors should understand that. The exposure to gold can be magnified through share ownership and/or ETFs etc., but that can also be its weakness if the sh*t really hits the fan.

As ever, neither event will be well signposted. No predictions, lol.

Topicel

[neilng] 15/7/2020 18:40

Rio, I like your style.Harry did say in 2011 turn a penny into a pound with Kefi.He forgot to mention the 10 years.

[riotinted_specs] 15/7/2020 18:26

So new money 5.795p after a 17:1 consolidation. That is to say there are those and rightfully so, embittered LTIs that have invested in excess of 1 GBP per share and then to add salt to the wounds dilution after dilution. Mister MD you are quite correct that there is frustration in this here bulletin board but one things for absolute certain there is gold in them there hills and at this price upside looks pretty, pretty nice. I say north of 5p with any positive funding news, north of 10p on funding closure this October north of 20p when Saudi Hawiah has official JORC certification, North of 25p with Hawiah PEA, North of 35p with further Ethiopian land first right of refusal. 50p on production of TKGM. 65p upon additional Saudi land mining rights. 1 pound upon commencement of production at TKGM. And for those that have invested at over a pound per share. I will say 2 pounds upon commencement of Saudi mine Hawiah. This way everybody is a winner

[jon9911] 15/7/2020 18:16

92 out of 203 trades today for 1000 shares or less (1000 shares = £14)
Same every day for weeks/months what is going on?

[topicel] 15/7/2020 14:59

Well the financial crisis to create the QE conditions that drove gold and junior miners within a year or so. It was definitely moving in many miners by 2010 and then, as with all sweet treats, the market got sick having ingested too much.

Clearly the same is happening now and Kefi will ride that coat tail provided we actually fund the project. At the moment the QE underway will dwarf what's gone before and it should move into anything with, or linked to, intrinsic value.

But whilst I agree with the observation that a boom was underway 2009-11 and should reoccur now, it will most probably be accompanied by far worse general economic conditions. That could make gold related projects even more desirable!

Big caveat; we are not gold owners. We are not even gold producers. We are still categorised as gold explorer - with maybe copper too. Then, if there is an economic downturn the best idea is to have and own gold, not be in a junior mining stock as the paper is far from reliable.

All gold investors should understand that. The exposure to gold can be magnified through share ownership and/or ETFs etc., but that can also be its weakness if the sh*t really hits the fan.

As ever, neither event will be well signposted. No predictions, lol.

Topicel

[mick1909] 15/7/2020 14:57

What do you see the share price price as fair value?

[rich1e] 15/7/2020 14:14

A very good observation lurker. Sometimes market conditions are such that investors willingly overpay, 2011 was one such occasion for the mining sector, resulting from renewed confidence and the QE pumped commodity price. Another such occasion might just arise at the time of first production here, 10p fair value becomes 15p? Of course, the QE is already there hence the commodity prices.

[lurker5] 15/7/2020 13:11

Re past share prices. There was a mining boom in 2011 - and few miners have approached their peaks since then.

[lurker5] 15/7/2020 11:44

RioT - past share prices are completely irrelevant when there has been so much share dilution. Past market cap might be a better - but still not very good - guide to what should be possible.

[mister md] 15/7/2020 09:33

I only arrived here after looking at EUA @ 500 million marketcap and noticed a few posters there saying they would invest some profits into KEFI.
20m marketcap does seem low for the potential here (and goldprice at record highs), but I can understand the frustration of the longterm holders ... it seems to have been a long wait, but going by the recent RNS things are progressing

[robjm66] 15/7/2020 09:20

Well would be disappointed if the the share price was not 10 pence or over at opening of mine assuming good news in the KSA as well and a even higher gold price which is likely.

Would hope kefi beats the old new money high this year if things go smoothly (yes i know this is Kefi!).

[topicel] 15/7/2020 08:49

There we are, thanks Rob.

We won't mention the additional shares issued nor the percentages of the 'H' project and even TK owned given away during said three-plus years. ;)

It is a mere trifle.

Topicel

[robjm66] 15/7/2020 08:40

5.795 pence closing price new money April 28 2017.

[topicel] 15/7/2020 08:36

Rio - when it was consolidated it was 5p something!

No, seriously, 5.6p or so I think. I know as that was the second to last time I bought around that price on big expectations. Last £10k was the following Sept or so when we launched a bond...

Oh what fun we all had looking for said provider in Switzerland etc. And remember the Lycopodium 'start up' that Unionhall spotted were handling it and had never done anything like it before? Then were replaced six months later for another bunch who no doubt got nicely paid.

We have been led down some long and winding roads. Cue a lyric that isn't 'the times they are a changin''...? ;)

Topicel

[topicel] 15/7/2020 08:31

Lol, in this case the pedantry was not mine mon ami, I simply pointed out someone opined 5p was his expected/predicted price at opening of this mirage of a mine at TK and whether that was the extent of their ambitions.

I was met by the usual inability to answer the question with, as you say, pedantry and all manner of clever play on words, to avoid admitting something had been a prediction.

Definitely guilty of sticking to the facts and using my (admittedly failed) legal training. Anyway, who rattled your cage, get over it ;) You'll only rouse folk :(

5p by funding news. 1.7p today. I don't predict though, only opine - now that is being childishly pedantic!

Topicel

PS - did I spot some sly posts suggesting NPV is not really a very good indicator of the future value here? Or anywhere? Are we being micro-managed again on share price expectations? Maybe 5p on opening is better, especially as we don't have any idea as so often in these lull periods wtf is going on until the can gets kicked again...now, where's my mask.

PPS - which reminds me, saw this in the States on a shop door - 'No mask, don't ask!' Given the government love a pithy slogan that should be taken up to get the point (nearly miss-typed the more appropriate 'pint' there!) across :)

[riotinted_specs] 15/7/2020 08:30

Would somebody please tell me the highest ever KEFI share price in new money. Thank you very much

[gdavies2] 15/7/2020 01:35

I can’t believe that Topicel had the cheek to call someone else a pedant! ;)

[topicel] 14/7/2020 22:27

Sadly I'd go further and refer back to a similar exercise where I monitored a fair few (less than 70 though) juniors across AIM generally and not one ever exceeded its earliest peak share price

Now in our case some might argue we can still do it. I know a couple for sure, but it is a lightening strike moment if it happens.

Luckily most would just settle for the high since consolidation which, ironically, is circa 5p...

Now if you keep peddling on this wheel you might get lucky and fall off...

Topicel

[lurker5] 14/7/2020 21:06

goatherd - you are right. NPV's are not only not very good predictions of a share price, they are not even a logical price for a investor to pay, and are in any case an elastic measure - dependent on a discount rate which is in the eye of lender and not of an investor A 8% NPV is double that at 12%. Brokers analysts can chose and use it as a lazy way to puff a share for the sake of their company clients. I could quote a whole list of reasons why it is illogical to pay an NPV, but would be too long. In the
early 2011's I monitored over 70 junior miners, and not a single obe ever reached more than 1/3rd-1/2 of the NPV touted by analysts. Will explain more if asked.