Kefi Gold And Copper Share Discussion Threads

[mick1909] 16/10/2020 21:21

Is he serious about bitcoin its sitting approx 11.5k so thats around a 5500% increase?

[theaviator] 16/10/2020 18:58

*typo role - I can spell really. Yes it's fascinating. A friend of mine even thinks bitcoin (which I hate) will go to 600k??! You're right regarding this as a 2/3 year hold. Someone didn't agree when I said bottom drawer but seriously it's where the money will be made when the price IS even higher. Braving it Belfastboyo.Goatherd it's because it's a bit like being a kid in a candy store where Willy Wonkas chocolate bars are covered in real gold buy paying gold plated price. Many of these miners will do very well. A great hedge against superinflation imho

[goatherd] 16/10/2020 18:46

In my view the prospects for KEFI are very good without any increase in the price of gold. I am not saying that such an increase would not be nice, but that it is not essential in making the case for KEFI.

Gold bugs are everywhere - and many people simply switch off when they appear!

[ccr1958] 16/10/2020 18:29

Thankyou T A.

[theaviator] 16/10/2020 18:26

I haven't CCR. Will take a look over weekend Sir.

[ccr1958] 16/10/2020 18:24

T a have you looked at MNRG would be interested in your thoughts ...sorry for ot guys but might good for us all ?

[belfastboyo] 16/10/2020 18:12

Agreed Aviator...Jim Richards and Bill Bonner have written numerous books explaining why Gold will explode higher as world debt skyrockets and all currencies depreciate against it with continued money printing, debts $350 Trillion in world debt etc. Eric Sprott and Rick Rule also Well worth referring too. J.P Morgan himself stated "gold is money, and everything else is credit" or words to that effect.

[theaviator] 16/10/2020 17:48

These miners will play a huge roll in the next few years. The best investments imho IF there is much left of the stock market because what is about to come will effect everything!Only this evening I was chatting with the lady who must be obeyed on liquidating our pension. Gold will play a huge roll in future as I think you already mentioned and 3k an ounce imho will ONLY be the start.For those who want a general overview of markets and what is going on in simple terms I can recommend you listen to this.https://youtu.be/lvhnBCXag2M

[belfastboyo] 16/10/2020 17:28

So Gold at $1,900 ounce (£1,470 GBP) before US Election madness & inevitable massive stimulus in $ trillions (whoever wins). Gold going much, much higher imho and far smarter people than me (Sprott, Rick Ruke, Jim Rickards et al. ETB/BIRR btw is 70,500/ounce (up from 30k just 3 years ago). So I expect the funding deal to be very, very likely to close (at last). And what do we have as Kefi shareholders a company with somewhere likely to be between 60%-70% share of a c200k ounce (incl. underground resources)for c8 years, so c1.6m ounces at $2k/ounce that's in ground material of $3.2BN (60% = $1.92Bn, 70% = $2.24BN. Ignoring exploration lands around TK.

PLUS we have JQ again a c730k ounce mine awaiting planning approval so that's $1.46BN of which Kefi holds a 34% interest so that's $496m in ground value.

Plus we have Hawiah where we have currently c$1.9BN in ground value (and likely to double or more from deeper drilling)...at 34% that's $650m value in ground.

So if my math is correct that's $3BN+ gold/mineral value in ground that Kefi plc has interests in today (at c$2k/ounce AUE).

oh and our market cap is what again c$45m???? Hmmm I smell a huge disconnect which Mr Market has not yet priced correctly.

As a LTH I am hoping Harry & BOD will finally deliver the funding closure good news we have waited for for sooooooo long...next 10 days will be pivotal.

[deanmatlazin] 16/10/2020 16:24

Not many days left. Better to be on board now.

[1deedee] 16/10/2020 16:17

Looks like there could be a strong finish today ready for next week roll on

[theaviator] 16/10/2020 15:21

I still can't believe it tbh. Can't remember seeing anything like it. Sefton getting a right name for himself.I've another miner for you but will drop you a pm as don't want to push things on this BB as its a nice bunch of people. It's not quite ready for entry but getting closer..

[theaviator] 16/10/2020 15:19

I didn't want you missing it Katsy. You know me - I'm blunt but.... Lol ;)

[katsy] 16/10/2020 15:17

Already in TA, had so much more to put in but stupidly got it sucked into AAZ and DDDD instead. As for ICON that was an out an out fraud.

[theaviator] 16/10/2020 14:36

Katsy, when I called ICON a disaster and that the chart had broken down at .30 on that BB it was ALL on a chart. Just saying. The same went for Ascent resources. Charts work on anything. You will always find some kind of a clue if look hard enough at them if there is any kind of liquidity. Kefi isn't illiquid. I'm trying to be helpful mate. Get yourself in here before you jumping to try and catch the kite!

[robjm66] 16/10/2020 14:17

hxxp://www.xinhuanet.com/english/africa/2020-10/16/c_139445391.htm

“According to Hailu, amid the growing foreign direct investment from China and elsewhere, the East African country is becoming a "very important" destination for foreign investors.

A number of companies are coming from Asia, North America, and also China and others, including from Australia and Europe. Most of the investors are coming from China. This is because Ethiopia has very huge investment potential," Hailu told Xinhua.

Courtesy to Ethiopia's positive investment climate, Hailu cited a recent report from the United Nations Conference on Trade and Development (UNCTAD), which ranked Ethiopia first in the Eastern Africa region in terms of attracting foreign direct investment, while the country is also placed fifth in the African continent, next to South Africa, Egypt, Congo, and Morocco.

According to Hailu, one of the main reasons why most foreign companies prefer to invest in Ethiopia is that the country has "very conducive economic factors."
Noting the East African country is one of the fastest-growing economies in the world, Hailu also stressed that "we have very favorable market factors" coupled with the country's well-developed infrastructure, which is very important to engage in investment projects."

hxxps://africabusinesscommunities.com/news/dfc-invests-$1.55-million-in-ethiopias-tulu-moye-geothermal-power-plant-project/

U.S. International Development Finance Corporation (DFC) has committed $1.55 million in technical development for the Tulu Moye Geothermal Power Plant Project in Ethiopia.

[peverill] 16/10/2020 14:02

Most exciting 6 Weeks in Kefi history,well 4 week in and to press the most nail biting in their history not at all exciting.

[deanmatlazin] 16/10/2020 13:56

A reminder. Next 2 weeks we shall get the news about funding.

The Ethiopian Govt announced in March the postponement of the August election due COVID-19. The Tulu Kapi Gold Mines Consortium is preoccupied with health and safety and not with election politics. Some mine development projects in other countries have been suspended due to COVID-19. But be that as it may, the scheduled closing of project finance in October 2020 is based on the consortium’s judgement that the project will proceed without further delay. Our management, banks and contractors are familiar with projects internationally and are well-placed to proceed if health and safety are kept under control as has been the case to date and as the prognosis appears today.

Posted 12 May 2020

Q: I noted from a couple of recent interviews and presentations that the funding piece is moving along well. Should we expect the senior debt and project equity pieces to be announced and / or closed at the same time, suggested to be October, or will they run independent in closing to one another?

A: The foreshadowed sequence is for:

- September to be for finalisation of project level equity or offtake-linked subordinated debt with those parties and with the banks providing the senior debt; and

- October to be for confirmation by the Government and the equity/debt providers of all details at regulatory and board-levels so we can mobilise funds and people.

The completion of any material step is announceable when it does not compromise commercial negotiations (ie compromise shareholders’ interests) and when the relevaant counterparties confirm.

Posted 07 September 2020

[theaviator] 16/10/2020 13:52

You sounding a bit desperate bud. Katsy, I'm just tearing up my charts and going to light a bonfire. (Not!)LolI suggest....reading......WD Gann...;)

[theaviator] 16/10/2020 13:48

I'm saying nothing here and biting my tongue but I am having a bit of a giggle....LOLLLLLLLLLLL

[goatherd] 16/10/2020 12:32

Katsy,

True. What charts do do is say what a lot of investors are thinking. I believe they are largely an opinion measuring device.

Not that I think they are much use for small stocks - although it might be different when turnover is high?

[katsy] 16/10/2020 12:09

All these charts and TA count for nothing unless Harry is true to his word and delivers.

[riotinted_specs] 16/10/2020 11:28

Another WOW moment from yet another world class, credible and respected mining chartist. https://twitter.com/northst18363337/status/1315061573837357056?s=21

[riotinted_specs] 16/10/2020 11:24

for those that are curious here is a link to a world renowned chartist reviewing KEFI. And I quote "WOW!" KEFI and UFO are by far the most bullish charts out of all of the UK mining stocks he reviewed. hxxps://youtu.be/rbqw9wd6i0o?t=548