Kefi Gold And Copper Share Discussion Threads

[czar] 06/8/2020 15:09

Gold $2070 and still these monkeys sell their shares, they will regret it......soon.

[shortarm] 06/8/2020 13:59

As in Minmet???

[ferrisc] 06/8/2020 13:52

Goatherd, are you the original goatherd from MNT days and an investor with the initials WD?

[mister md] 06/8/2020 13:36

another $25 increase in gold, @ $2075

[robjm66] 06/8/2020 12:11

From lse board share talk

Zak Mir gives an overview of the #fundamentals in this #video #charting update.

Duke #DUKE FastForward #FFWD Jubilee #JLP KEFI #KEFI Kibo #KIBO K3 Business #KBT Ovoca Bio #OVB Panther Metals #PALM Pathfinder #PATH Tertiary #TYM Tri-star #TSTR Trafalgar #TRAF Alien #UFO Verditek #VDTK



hxxps://www.share-talk.com/share-talk-bulletin-board-heroes-thursday-6th-august-2020/

[1deedee] 06/8/2020 11:20

Thanks Rob and goatherd seems like there's plenty of options some will be unfolding soon

[robjm66] 06/8/2020 11:01

1deedee yes better than most lse posts but misses the positive chance of further licence areas area and the explorations targets.

In KSA would expect Jibal Qutman to be back in play some time and further licence areas to be given. In Ethiopia has exploration targets in present area and will be awarded much bigger area once TK is sorted.

Mentions the gold price but an extra effect is it makes offtake deals and other options more feasible and could lift Kefi share of the TK project.

Plus does not mention the special option in the KSA of a IDF loan “The Company also welcomes the expanded role of the Saudi Investment Development Fund specifically to support mining project finance” to cover most of the initial investment making building a mine a lot more feasible there.

On the negatives would say Saudi being a risky is debatable and Ethiopia is less risky than other African countries that already have mining operations. Plus you have African banks getting involved that know the situation and less likely to get cold feet like international banks.

Think most people agree with most of the negatives mentioned but hopefully most are or will be in the past.

Disagree about kefi never building a mine in Saudi though it will depends on how things play out what mine gets built and when.

As for share price its a guessing game but think Kefi is still undervalued just on one of the countries projects paying off let alone both.

[goatherd] 06/8/2020 10:02

1deedee,

Yes, interesting post.

The one thing I would take issue with is "I doubt Kefi will ever build a mine in Saudi". This ignores the fact that ARTAR (who own around two thirds of the prospects) are primarily a construction company. I think they will be very interested in bringing as many mines into production as they can. This also fits the vital Saudi need for non-oil income.

From memory ARTAr have a value of either $2b or $3b, so they must have a substantial management base.

[goatherd] 06/8/2020 10:02

duplicate - sorry

[shortarm] 06/8/2020 10:00

Jibal quitam or whatever it's called is pretty much ready to go for a cheap heap leach open pit low cost cash generator- so three assets :-)

[1deedee] 06/8/2020 09:50

Buying in now06 Aug 2020 09:22
So for resistance at 2P to be truly broken buyers at this price have to see a risk / reward equation which is attractive. Ignoring the rampers and derampers here (always present where there is a large spread x holding) what’s the balance of the opportunity?

Positives:

- two assets at different stages of development
- linked to rapidly inflating gold price
- potential link to very attractive copper price
- potential for split
- non finance agreements in place for primary asset
- management are shareholders and have same rewards as PIs
- asset NPVs at many multiples of current market valuation

Negatives

- large finance deal for primary asset not done
- uncertainty of path to production without finance
- long and winding journey to here denying confidence in management
- risky geographic domains - Africa and Saudi
- recent fund raise mid covid crisis at 1/3 of current price

The primary risk is that finance gets Kicked down the alley further using covid crisis as a rationale for bank uncertainty. Without Saudi that would see a drop back to sub 1p. However the Saudi Hawaiah asset gives a potential cushion, the JORC due this month could justify a higher market valuation on its own. When this was just TK there was massive risk of failure to deliver. Saudi doesn’t eliminate that risk, but does offset it with another route to value.

So my simplistic view (to be challenged) is TK value pre finance 1.25p , post finance 5p, mine built 12-20p. Saudi value pre-JORC 0.75p , post JORC maybe 1.5-2p, sale value 4-6p. I doubt Kefi will ever build a mine in Saudi. So maximum potential value in 2 years anywhere up to 25p a share. Maximum risk, no finance and no Saudi sale - 1.25 - 2p range.

Risk reward is low downside risk from this price for the two assets with a potential for 10x return if the promises turn out to materialise. That’s why people should buy at 2p, even 3 or 4 p still offers a great risk / reward ratio.



Nice post from the other site

[exiledweegie] 06/8/2020 09:07

Not a bad start to the day! It's been a good week.

[neally99911] 05/8/2020 21:21

well to be fair management haven't exactly been truthful with us over the years have they - there are many nursing horrible losses after numerous dilutions. This time next year Rodders

[jaylett] 05/8/2020 20:43

That LSE board is filth. Simpletons on both sides, makes it close to unreadable.

At least our resident nutters are erudite.

[robjm66] 05/8/2020 19:48

Smellyben out of his own mouth.
“well as I have said a few times before because Kefi gave me years and years of pain through their deceptive RNSs”

“so yes I do have a grudge against the management and their lies”

“Ha hope not going forward I’ve just put a good chunk of my sipp into Lloyd’s and Barclays ??????”

Have someone who got out fairly recently as soon as he hit break even then goes into overdrive trying to trash the company and its prospects.

Admits to holding a grudge so his post are driven by emotion not any kind of logic really he is just trying to get payback.

Saying he has now put money into bank shares. Guess it lucky none of the banks have any misleading rns or are highly speculative investments.

[rich1e] 05/8/2020 19:42

Divmad, I wouldn’t know, but the share price at MCRO is in decline and the share price here is rising, so he’s a good advert for doing your own research.

[red army] 05/8/2020 19:34

Closing above 1.8p is significant for share price to kick on.

[divmad] 05/8/2020 19:17

Didn't he sell out of Kefi around 1.25p a few weeks back?

[rich1e] 05/8/2020 19:09

Over on LSE, following Smellybens’s own suggestion to check his posting history, I only looked back a few days to find him introducing himself on the MCRO board, where he managed to squeeze, divi will be reinstated, rerate and bid, into what I assume, was his first post. So, it appears to be Kefi rampers that he has a problem with rather ramping Per Se. That’s good to know.

[digger2779] 05/8/2020 18:55

"For it all to go horribly wrong" lol....not with Harry Moses at the helm parting the Red Sea. Taking us to the land of milk and honey but hope it wont take another 30 years as we've already endured 10.

[rich1e] 05/8/2020 18:31

Putting any impact on the share price to one side, seeing as the Saudi RNS a couple of weeks back was of their own making, including the timescales, they need to be getting that out well before the end of August and its content needs to exceed expectations. Start as they mean to go on under promise and over deliver. Following the previous RNS recognising the plight of shareholders, it wouldn’t surprise me if this is what they have in mind, hopefully RAB and the new director have had a quiet word. We’ll see?

[robjm66] 05/8/2020 18:24

Thanks Uknighted.

So it could go horribly wrong or be above 4 pence on the “visuals”; but presently “worthy of some investigation”. “jumped across the Red Sea in 2019 to explore a few locations in Saudi” lol.

Article a bit unintentionally funny but least they notice the low production costs.

Good to see the resistance at 1.8 broken here and 2000 with the gold price.

All in all liking the visuals.