Kefi Gold And Copper Share Discussion Threads

[harrisun] 13/8/2020 10:16

Shortarm.

Perhaps with the amount of or lack of gold production, it already is Kefi Golf as I don't know what existing BoD have been spending their time on let alone having to now increase it. So perhaps its about getting more rounds of golf in.

[robjm66] 13/8/2020 09:53

Cybaajak agree that Harry has been overconfident but trawling though the Annual report so far....

"Note: The KEFI equity 2020 contribution has commenced and the financing of the balance is planned as part of the arrangements with Other Equity Investors, combined with refunds or recognition (as the case may be) at closing for funding TKGM development costs."

and

"The banks once again became interested in Ethiopian mining project finance in 2019 and TKGM accepted, subject to condition and completion, a conventional bank-loan based proposal."

So not just one indication that this time its different.

[shortarm] 13/8/2020 09:47

Cyber and Harrisun think it should be Kefi Golf and a cuppa though ;-)

[shortarm] 13/8/2020 09:47

Alright, who's got 238,369 shares and thinks they're making a point by voting against everything?Excellent time to be invested in Kefi Gold and Copper!!!

[cybaajak] 13/8/2020 09:42

@ Robb 5577.

As they have been doing since before 2017. 'Only' this time it's a different kind of 'looking'. Supposedly.

[robjm66] 13/8/2020 09:39

Well the company seems confident hence the expanded team and “KEFI also intends to launch field programmes in exploration licence application areas of over 1,000 square kilometres of the surrounding district where we have already drill-intercepted gold mineralisation in several locations. The schedules focus on expanded resources by 2022 at the same time as having started gold production".

Company already looking beyond TK.

[cybaajak] 13/8/2020 09:38

Since when does a CEO get paid a "Consultancy Fee" as wages for being the CEO ?

ANSWER: When he is getting paid too much and wants to hide the astronomical figure for failure.

[harrisun] 13/8/2020 09:35

How many times do people go to an AGM and get sucked in time and time again with the comment 'there does seem to be a different tone this time' and about two months later its back to despair.

I do hope this time things get moving as there is so much potential.

[matthew stone] 13/8/2020 09:15

Yeah, Topicel, there does seem to be a different tone this time - ANS appear (at least) to be out of the picture, hopefully to be replaced with someone with deeper pockets and a willingness to get things moving at long last....

[robjm66] 13/8/2020 09:12

hxxps://www.kefi-minerals.com/files/reports/kefi-2019-annual-report-final.pdf

[topicel] 13/8/2020 09:08

The crew is the tell-tale sign that this is now in pre-launch final checks harrisun.

I have been super-critical of all the Harry spiel, but even you have to admit the idea that the 'preferred' provider of the initial term sheets won't move fast now with so much gold just waiting to be dug up at $2k-plus by 2022. Would you risk someone else gazumping you if the deal was attractive just to argue the pennies.

Harry is luckily in a great position thanks to CV-19, and he has laid out the readiness as far as I can see so nothing will very much become something at last.

Trust me, I'm an old hand at Harry-speak!

Topicel

[harrisun] 13/8/2020 09:00

Whoopie. So we are getting more people to spend more money on the non production?

How many times can this guy repackage the same news leaving out the failings of the Ethiopian situation.

Getting a bigger slice of nothing is still nothing...until something is produced

[topicel] 13/8/2020 08:56

Well Matthew, I can't sense much waffle for once. It really did seem like 'all systems go', didn't it?

And with his added reminder that gold is set for continued progress given the economic woes worldwide, any term sheet and additional equity providers would be daft to haggle too much over the terms. The message has to be let's make some money for everyone now, especially with the comments about $60m already injected, 15 years of gestation and patient (really?!) and loyal shareholders...

As was also indicated again, we will get a bigger slice with no ANS and as they weren't even name-checked it would appear they aren't even stoking the engines of the rocket!

Topicel

[robjm66] 13/8/2020 08:44

What’s good is more news hawiah very soon (nearly imminent!) term sheets probably this month or early next still going for offtake route to increase kefi share no slippage in timetable.

[matthew stone] 13/8/2020 08:42

Must admit, trades so far this morning seem to indicate the market agrees with you! Would be great to get well past 2p before the real good news starts rolling in...

[topicel] 13/8/2020 08:39

That AGM statement reads to me like they are taking away all the supports for the rocket and doing final checks.

The astronauts are listed and the final countdown is underway for the mission to finally take off.

We are in the final countdown phase t-minus whatever it will be for the term sheets to be agreed and then, freak weather aside, the engines will start and good ship Kefi Gold & Copper will launch towards our stars...

Harry does sound excited and super confident. Even at the lowest base case of $1400 (interesting that they are indicating consensus of $1500 at the same time, despite gold at $1940 as I type) there is no reason the share price should not reflect 5p by the time we are breaking our own gravitational pull of those who consider us still just a junior explorer.

September into October should be explosive imho, at long, long last.

Topicel

[robjm66] 13/8/2020 08:38

to rename it from KEFI Minerals PLC to KEFI Gold and Copper PLC.

This month we focus on finalisation of the detailed terms sheets with the preferred provider of subordinated debt/offtake-linked finance, likewise for the Project equity.

Very soon deliver an initial Mineral Resource for Hawiah

KEFI remains focused on the preparations and subsequent completion of the outlined finance milestones to ensure the closing of full Project funding in October 2020 and for gold production to commence in 2022, in line with recent guidance.

The value-indictors set out above with ranges of £85-340 million exclude KEFI's two other advanced projects - Hawiah (copper-gold) and Jibal Qutman (gold) projects in Saudi Arabia and compare favourably with the Company's current market capitalisation of approximately £35 million.

is now also seeking to potentially reduce the number of shares it issues to any third party by increasing the amount of funds raised by TKGM from specialist mining financiers in other acceptable forms, and by doing so, increasing existing TKGM shareholders' ultimate beneficial interest in TKGM. This would have the effect of increasing KEFI's beneficial interest in TKGM.

[philby1] 13/8/2020 07:53

Thanks paleje and Mathew Stone, I thought that was the case, just was initially concerned when I read Scars delay comment.

[scrappycat] 13/8/2020 07:51

One of these days, the market will wake up and smell the coffee. Me, I couldn't care less when, for I will already be drinking it. :O)))

[matthew stone] 13/8/2020 07:41

Yep - nothing new in there, but also no slippage in any previously announced timescales - resource estimate for Haiwah was expected in Aug, with PEA to follow, so this remains on track.

[paleje] 13/8/2020 07:39

philby1, that's how I read it too...initial resource this month and then additionally a PEA in September. What I did note though was he was careful to include the fact that a lot of drilling naturally has to be done...(that means cash but he didn't say that).

So hopefully when the raise comes it will be much less painful than the last one.

[dozyduck] 13/8/2020 07:37

Is this the first mention of streaming finance or a gold loan ? - to replace ANS ? While increasing TK equity share to 70% - it will be after reduced profitability due to the usually high cost of such finance. No doubt Harry will elaborate !

[philby1] 13/8/2020 07:35

I thought that the Haiwah maiden resource estimate was due initially (any day now) with the Preliminary Economic Assessment (PEA) following in September?

[scars] 13/8/2020 07:29

You can't say anything is wrongly priced until it is delivered. Trust is currently the main issue here. H has blustered for years, could be close given pog rise but still need to land the finance, and another 1month delay on Hawiah est.

[peverill] 13/8/2020 07:21

Worth nothing till they are producing and money going in the bank,hopefully soon!!