Kefi Gold And Copper Share Discussion Threads

[belfastboyo] 19/10/2020 14:53

Katsy, there are extensive RNS's and Kefi presentations on the full financing arrangement for TKGM. The final agreement involves full closure of hundreds millions in bank debt plus new equity and off take finance..NONE of which is to come from Kefi shareholders...so in the event that the deal is concluded as planned there should be no need for further Kefi equity raise required for TKGM.

[robjm66] 19/10/2020 14:48

hxxps://www.ena.et/en/?p=17717 (think date at top is accurate and 2013 date wrong for obvious reasons)

"Moreover, Abiy noted that mining is the top growing sector with 91 percent growth over the last budget year and the government has prioritized the sector as it has the potential to hugely contribute to the entire GDP and economic growth."
...

The numbers stack up for TK, kefi want mines in Ethiopia so comes down to do you believe the Ethiopians do as well..

[katsy] 19/10/2020 13:36

Yes thanks, aware of the gap, let's see.. Harry better strike whilst gold is in favour, gold should be in a bull cycle till around 2026, provided the NWO hasn't wiped us out before then.

[theaviator] 19/10/2020 13:31

Pmd you on that other Katsy over weekend re techs. You get it ok?

[katsy] 19/10/2020 13:26

We don't know the terms of any finance deal and whether existing shareholders will be heavily diluted or not. Really get uncomfortable on any stock where investors start counting profit on shares that haven't appreciated yet. Not saying it's not going t happen but don't spend your profits yet until it comes.

[belfastboyo] 19/10/2020 13:02

Hi Jaylett, so mathematically if there is a 300% to 400% upside to let's say 2.5p and a 50% downside and the odds are 50/50...then I would take that bet as on the upside I see 2.5p x 4 (so 10p versus 2.5p x -50% = 1.25p)...and that's assuming it's a 50/50 bet..I put the odds of a "done deal" at 4/5 versus 1/5 a "not yet done" announcement...but I totally recognise I may be wrong on all counts

[theaviator] 19/10/2020 12:57

However Jaylett, this is the time for miners and for the next 12-18months am sure so a better "bet" than others imho

[theaviator] 19/10/2020 12:48

Any share is a risk. 100% not for everyone.Bear in mind Shiller average sitting at 31 as well. I'm sitting cash apart from a few punts on miners.

[jaylett] 19/10/2020 12:44

I'm curious about this highly derisked investment. From where I'm sitting there's a shedload of risk, and I say that as a large holder of Kefi shares.

It will be materially derisked if and when a full finance package is announced that includes actual funding reaching a Kefi bank account. Until then, the risk of delay and dilution is very real, hence the chance of either a 3/400% rise or a 50%+ fall in the near future.

Everyone is entitled to believe what they like, but pretending the risks don't exist is just silly and very short-sighted.

[digger2779] 19/10/2020 11:36

Topicel - I have sent you a PM re using Interactive Investor.
Looks like we are in for news guys. Will it be good or bad? Whatever it is you can be certain I will find something to whinge about.
GLA and have a nice day. I'm off to the beach.

[robjm66] 19/10/2020 10:29

Market cap?


sorry forgot link

Sun Peak’s gold-copper Shire project in northern Ethiopia is located in the Arabian-Nubian Shield, a region that is highly prospective for precious and base metal deposits but has had very little modern exploration. This is changing as these developing mining jurisdictions stabilize and update their mining codes, enticing exploration investment from majors and juniors alike.

At a fully diluted enterprise value of $67 million for an early-stage explorer, the stock may not be cheap, but is worth watching as more results come in.
While this appears quite rich for an early-stage explorer in an emerging mining jurisdiction, we also note that the market is currently strong for both gold and copper stories, and many juniors with low-quality projects and management teams have enjoyed 200-300%+ share price gains in this current bull market.

hxxps://www.moneyweb.co.za/news-fast-news/new-currency-notes-gets-1m-ethiopians-into-banking-system/

Over the past four weeks, almost 1 million previously unbanked Ethiopians have handed in their two-decade-old banknotes, according to the central bank. In exchange, they were given a bank account from which they can draw the new notes. The regulator is trying to deter cash hoarding that enables corruption and illegal trading to thrive, and escapes the tax net.



“and it will also encourage savers to plunge funds into gold bullion.”

[belfastboyo] 19/10/2020 10:12

Assuming the finance deal is completed imminently then according to Kefi's most recent Aug 2020 presentation Kefi's market cap (at 2.1p then) is ONLY 14% of projected NPV cashflows on TKGM alone so price per share at full value equals 2.1p/.14 so 15p per share....of course that market cap would NOT include (zero value) for anything >60% share, underground, license areas, JQ or Hawaih….this share is going to the moon imho...hopefully, my loyalty as a very LTH will shortly be rewarded...come on Harry get it done at last.

[riotinted_specs] 19/10/2020 10:09

4p is an absolute feeble expectation post funding. It is more likely we could get to 4p Pre-funding news. This has been 15 years in the waiting. KEFI right now is a highly de-risked investment right now and It is grossly undervalued. We should expect a full rerate 6 to 7p very quickly and continual rises likely

[deanmatlazin] 19/10/2020 09:07

News re: funding can come out any time now. Am looking for 4p and beyond post funding result.

[scotty1] 19/10/2020 09:02

Things hotting up 1m just gone through above offer 😉

[lhoskins] 19/10/2020 07:54

Fingers crossed for a big week. Come on Harry!

[charles clore] 18/10/2020 23:29

Nice bit of info Scotty. Should lift the price tomorrow.

[robjm66] 18/10/2020 23:22

Thank you Scotty.

[theaviator] 16/10/2020 21:40

Mick I nearly fell off my chair too. Yes apparently so and this chap is no fool. My experience of crypto was buying TRX watching it four bag and watching it go back down again, which I then just liquidated into BTC. Never looked at it since. Lol

[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