Kefi Gold And Copper Share Discussion Threads

[robjm66] 28/7/2020 08:31

Its a quarterly update so yes there is going to be restating of the position from previous rns. Some clues though in increasing positivity over getting Jibal Qutman back and the lack of any mention of ANS but offtake route mentioned.

Things are not the same as two years back when the gold price was 1200 dollars now have several financing options that would not have been on the table then.

[goatherd] 28/7/2020 08:29

Yes Scars,

In my view a change at the top would be very damaging to the share price.

And, in any event, we are highly unlikely to get it.

[scars] 28/7/2020 08:23

Can you imagine what a change at the top would do for the share price ..

[robjm66] 28/7/2020 08:23

Would say lots of news in august, on Hawiah in august nailed on, progress or breakthrough with financing TK highly likely, JQ possible.

[scars] 28/7/2020 08:20

Ooops spoke too soon!

[chopper harris1] 28/7/2020 08:19

After yet another dollop of waffle, I'm of the distinct impression that we are no closer to securing any form of TK funding than we were six months ago. This is despite the oft-repeated message about how "on board" the Ethiopians are.

And yet, Harry still persists with his October deadline for closure of full project funding although with the caveat of words like "potentially".

Three months away! I reckon, based on past experiences, no chance!

Come on Harry.....please prove me wrong.

[scars] 28/7/2020 08:16

The right direction anyway.... Most goldies open up 10-20% on any news at the moment!

[scars] 28/7/2020 07:58

He is certainly beating the drum, but it is very worn out and could do with a new skin!

[robjm66] 28/7/2020 07:56

Investor Webinar

The Company will host a live webinar at 9am British Summer Time on Thursday 30 July 2020, which can be accessed via:

hxxps://webcasting.brrmedia.co.uk/broadcast/5f1e93dd864c395ee4bb2a3b

Shareholders are encouraged to submit questions by emailing: [e-mail]

The webinar will subsequently be available on the Company's website at:

hxxp://www.kefi-minerals.com/news/webcasts.

[robjm66] 28/7/2020 07:55

Got more options due to the gold price being a lot higher than it was a few years ago do not have to wait for a new investor for TK means news could drop earlier than otherwise and greater level of profit.

Saudi really bullish about getting JQ Qutman back on track like Hawiah.

[robjm66] 28/7/2020 07:50

the initial Hawiah Mineral Resource Estimate ("MRE") is now expected to be finalised and published in August 2020.

A preliminary economic assessment ("PEA") is planned to be completed after the initial Mineral Resource is finalised.  

Company also welcomes the expanded role of the Saudi Investment Development Fund specifically to support mining project finance. 

This new regulatory impetus is expected to also help clarify the path forward to unlock value from KEFI's Saudi gold discovery at Jibal Qutman, which has been on hold awaiting Mining Licence tenure confirmation. An Internal Preliminary Economic Assessment in 2015 suggesting estimated operating costs of c. US$600/oz and estimated capital expenditure of US$30 million demonstrate that Jibal Qutman's Mineral Resources, totalling 733,000 ounces of near-surface gold, should be highly profitable in the current gold price environment.

ARTAR, on behalf of G&M, holds over 16 Exploration Licence (EL) applications pending the introduction of the new Mining Law.

So Hawiah not far off news and high possibility of a rebooted low cost high profit pure gold project.

[sweetwaters] 28/7/2020 07:49

This is so poor, still blabbering away.

TK basically sells itself at these gold prices and with the current gold outlook.

This Exec team need a series injection of a sense of urgency.

[jaylett] 28/7/2020 07:38

"So have choices just need to pick one ..."

We've had "choices" for the last four years. ANS were "a choice". It's meaningless waffle until someone in Ethiopia hands over some actual cash. Given the missed deadlines and obvious issues with ANS, they've had at least the whole of 2020 to line up a replacement funding package and we're still hearing words like "potentially", which tells you all you need to know. It should have been done by now, end of story.

[robjm66] 28/7/2020 07:33

"Given the robust economics of the Project we have received significant interest to potentially provide the outstanding asset level equity and other forms of duly subordinated investment.” So have choices just need to pick one ... “and half as Project level equity, which for these purposes includes any subordinated debt and offtake facilities (US$111 million). ̶0; Offtake path?

“The spot gold price is currently more than US$800/oz higher than our Ore Reserves assumption of US$1,098/oz and US$600/oz higher than our base case assumption of US$1,300/oz used for financing plans.”

[sussexlibran] 28/7/2020 07:23

@scars - Yup. The reason the share price isn't much higher is simply that people realise that Kefi have low quality management and there is every chance that funding will not arrive. The boy who cried wolf needs to deliver, and fast.

[rich1e] 28/7/2020 07:21

I would agree, but it’s an update on what’s gone before. To under promise and over deliver is the way to do it. Let’s see what the next quarter brings.

[scars] 28/7/2020 07:16

RNS to announce what, that H thinks the company is undervalued!!! Maybe it has not sunk in that not many people trust him anymore!

[czar] 28/7/2020 07:15

The Company also welcomes the expanded role of the Saudi Investment Development Fund specifically to support mining project finance.

This is all going to happen and the shares are worth a minimum of 10p imho

[seball] 28/7/2020 07:14

Good update onwards and upwards. Looking forward to Saudi results in August. Could even get the finance sorted then also. Target price 6p for end of September and 10p October if milestones are hit. Good luck all