Kefi Gold And Copper Share Discussion Threads

[riotinted_specs] 08/9/2020 23:05

No 5p before TULU KAPI financial closure, which could be before Or after mid October... really need the Saudi news

[easwarareddy] 08/9/2020 22:32

Hope that is the case. I waited on side lines before before and even though it dipped a couple of times and i thought glad i didn't buy... ive been proved wrong and before share price got away bought in. Will be very happy to see 4p or 5p by mid oct

[easwarareddy] 08/9/2020 22:30

5p before mid October? Hm

[mick1909] 08/9/2020 21:52

One pound sixty a share?

[mick1909] 08/9/2020 21:52

Were these around £1.6 a share in 2011? And dilution has caused the drift down?The trend has finally turned so a good time to come on board

[robjm66] 08/9/2020 17:16

No problem.

[jlwilliams] 08/9/2020 17:09

Thanks Rob, i did mean relative to each other so you have answered me. i do remember there was supposed to be knock forward effects, so one project would help finance another. And I guess with H they dont need to go go deep from the start.

[robjm66] 08/9/2020 16:06

mozzie (Lse kefi board)
Posts: 713
Price: 2.68
No Opinion
SharetalkToday 12:51

Go to 5.25min on bar

[robjm66] 08/9/2020 16:01

JL Harry said he expects Hawiah to be funded by the cash from TK but kefi could do another offtake deal nearer TK production with hopefully a higher gold price. Company not going to know how much dosh they need till they know how large Hawiah is and what the deeper grades are like.

Cannot give a timetable on JQ till they get it back most likely time is around the new year but it could come out of the blue.JQ would be very cheap to set up so could be set up before Hawiah depending on when kefi gets it back which is out of kefi hands.

As for TK think the company has given as good an idea as they can and we should get a better idea soon.

[jlwilliams] 08/9/2020 14:12

ok ED... i've been here long enough to remember that the original plan was for TK to fund JQ..... but of course it's been badly delayed. But so has JQ, albeit for different reasons.

A timetable of expected events for the three areas would be helpful.

[mab] 08/9/2020 13:58

no near term dilution penciled in at the june 20 update..

3.The revised project level equityof US$111 million (including subordinated debt and offtake facilities) reflects the following:a. The expected contributions by the Ethiopian Government of US$20 million, other Ethiopian investors of up toUS$38 million, working capital facilities of US$28million and by KEFI Minerals (Ethiopia) Ltd (“KME”) of US$10 million (which is already being invested and the balance to be sourced from the proposed facilities). Also, the final structure will look to source some offtake-linked subordinated facilities for the balance offunds required depending upon thefinal participation confirmed from Ethiopian institutions.

hxxps://www.kefi-minerals.com/files/announcements/kefi-tulu-kapi-update-19june20.pdf

[edgein] 08/9/2020 13:56

Sweet,

You sir are indeed correct, i was just using the ADVFN financials tab which shows 1,411m and that's clearly a bit out of date now.

JLW,

I'd like to think they'd start development of JQ within 18 months, i.e before TK first production. In which case like all mine funding there's always an equity element either at the asset level or at the company level. Hopefully at a much higher share price depending on stage of development and exploration around TK. As HAA stated their AIM is to continue to explore Eth and Saudi before TK is in production.

Regards,
Ed.

[sweetwaters] 08/9/2020 13:36

Edgein, some dilution has slipped past your goalie gloves. "the total issued share capital of the Company will consist of 1,867,103,933 Ordinary Shares" hxxps://www.kefi-minerals.com/files/announcements/kefi-total-voting-rights-28may20.pdf

I think all share price predictions are meaningless based on current shares in issue.
Thanks Rob for responding with your views on company valuation. In addition to that to arrive at forecasted share price I earmark further dilution.

Additional dilution to fund Kefi Plc running costs and £development contribution to Hawaih could be material...depending on the sequencing of when that cash is required. If the company considers negligible future dilution will be necessary then it would be helpful to explicitly clarify that.

[riotinted_specs] 08/9/2020 13:34

My previous and recently declared expectation was upwards of 4p before TULU KAPI financial closure. Perhaps we will see 5p. Today we have taken a decent step. Bring on the Hawiah news, sooner the better.

[jlwilliams] 08/9/2020 13:25

I don't see why there would need to be equity funding for JQ. Depends on timing, but revenue from TK may be involved, plus there's Artar and the preferential KSA loans

[edgein] 08/9/2020 12:59

easwarareddy
8 Sep '20 - 11:58 - 5988 of 5994
0 0 0
A little late to the game but im in"

Shuffle them away for 18 months or so and your entry price will look quite early.

For those that wanted to know there are 1411m shares in issue at present so £141m cap at 10p and £564m at 40p. That would require TK and JQ in production and quite a bit of progress on Hawiah and other targets. If they maintain 60% of TK and get the underground mine in production its possible. There's likely to be an equity element to JQ funding so we cannot rule out 1500m+ in issue over the next 18 months. If the gold price stays strong or improves and funding comes as planned I don't see why they wouldn't hit 10p within 18-24 months. Excellent potential to increase the size of JQ and Hawiah within that time frame.

Regards,
Ed.

[topicel] 08/9/2020 12:27

Well if you look at it since July we have only one-and-a-half bagged in two months.

It is 1p to 2.5p seeing how unloved and undervalued we were for so long thanks to....well, lots of things!

The climb looks good and is great but in Harry mountaineering speak it is barely the foothills as far as it goes. The sentiment will yet hit hard and then will be the time to judge where it will really go.

The herd are gathering for a stampede...

Topicel

[theaviator] 08/9/2020 12:27

Your post. V good! Made me chuckle. You are spot on.

[lhoskins] 08/9/2020 12:17

I strongly believe you will be looking back in a months time and not be too disappointed you bought in at these levels. Plenty of news to come in next few weeks.

[deanmatlazin] 08/9/2020 12:16

I am trying to be conservative . 5p is the minimum i expect it to reach in October but no doubt it will more significantly more than 5p. GLA

[bejubiant] 08/9/2020 12:03

Today we are at 2.8p paid - so far.
By the end of October we will have;
1.) PEA for Hawiah
2.) Equity/ off-take for Tulu Kapi
3.) Term debt for Tulu Kapi
4.) Full project finance close for Tulu Kapi
Since when does “5p” bexome a sensible aspiration, with the above in
Mind?
Sorry, but it’s much higher than 5p

[easwarareddy] 08/9/2020 11:58

A little late to the game but im in... wish id bought yesterday

[ccr1958] 08/9/2020 11:57

Whats tickled you TA ?