Kefi Gold And Copper Share Discussion Threads

[harrisun] 23/10/2020 09:26

I've only one concern = Harry. A repeated failure to achieve targets so that now the City doesn't seem to believe the story/news

[robjm66] 23/10/2020 09:25

hxxps://www.kefi-minerals.com/files/files/BHC-KEFI-Flashnote-22Oct20.pdf

[matthew stone] 23/10/2020 09:21

It's hard to argue that yesterday's news doesn't raise the spectre of a small raise to see us through to close, but we do apparently have a £1.5m facility with RAB? Notwithstanding this, if they are going to do a placing I'd rather they did it now and got it out of the way, rather than let the expectation of one push the price down further, increasing any dilution. A raise at or around 2p for, say, a couple of million quid wouldn't represent much in the way of dilution, and this is more than offset by the potential increase in our share of TK. It would at least be one more uncertainty removed.

[belfastboyo] 23/10/2020 09:19

Hi Topicel...I hear you brother...started with Centamin, then Nyota, then Kefi...been 8years+ so I bear the scars from all the Kefi false dawns and share dilutions etc..whether insane, brave or clever I simply averaged down to ensure my paper losses weren't crystallised...sitting on quite a stake now and in profit...but I have no intention of selling until this company is valued at its proper intrinsic value..will only think about selling above 10p

[jlwilliams] 23/10/2020 09:15

Superb report, thank you

[katsy] 23/10/2020 09:12

Kefi is being valued on repeated past management failures.

[paleje] 23/10/2020 09:11

NPV's are notoriously bloated so can't rely too much on that imo, but the margin of 'undervaluation' is very large so a safety factor. My concerns are 1) Harry having to delay (again) and 2) more funding seems likely as there was ~2m in bank at 30 June but the burn rate is high. So it's a hold for my modest amount not adding for now.

[topicel] 23/10/2020 09:09

EUA is currently around 25-bag range this last year, so we all know the potential/possibilities.

That Orior Capital note HB2 has linked to above underlines them in spades, apart from those that are yet to be put in the ground, lol.

But seriously, we have been waiting for three years since Harry first announced funding and bonds and all sorts were underway to kickstart our taxi to be the first of the rank, and it is still dependent on us getting a fare.

Are we closer with yesterday's announcement and the follow-up this morning. Flip a coin, glass half empty or full, but overall, with all that I've learnt, we are at the top of the mountain now ready to race down the other side to becoming a producer.

It is when the share price goes upwards just as fast. For my own mixed-metaphors we now are on the launch pad proper and all strapped in, the supports are being removed and the final countdown has begun. We just don't know how long the T-minus timer is set at...it could be days, but not more than weeks I'd suggest...

The mass of the due diligence exists for these newbies to pore over and must be, aside from the odd tweak, perfectly useable? If they mean business then nothing can stop the launch now.

Topicel

[robjm66] 23/10/2020 08:59

Thanks Hairyback great report comprehensive and understandable.

Boiling the whole thing down....

Ø The market is valuing Tulu Kapi at a ~59% discount to its African explorer and developer peers, and paying nothing for Hawiah or potential exploration upside
Ø Valuing KEFI on EV per oz of production, and in line with its peers, suggests a valuation of 5.4p/share now, and 12.3p/share once Tulu Kapi starts up
Ø Successful development of satellite pits around Tulu Kapi and a larger resource at Hawiah could underpin a valuation of 20.7p/share

NPVs
Combining KEFI’s expected 65% stake in Tulu Kapi with its 34% stake in Hawiah, the company has a total attributable NPV of US$333m at US$1,800/oz gold. This represents 13.8p/share; the shares are trading at just 16% of this valuation.

[belfastboyo] 23/10/2020 08:56

This update tells us nothing new but it is a good summation of great progress made in Q3. We have TKGM which on its own at $2k USD is worth £284m NPV 8%...or 15.2p per share. We have massive Ethiopia license areas nearby (unexplored). We have 34% share of Saudi assets Jibal Q confirmed 700k AU and Hawiah at c$2BN in ground material at only 350m...ladies and gents with patience this will be a 10 bagger...maybe even a 20 bagger but patience is key

[harrisun] 23/10/2020 08:48

Matthew. Certainly a lot of work put into that report.

[matthew stone] 23/10/2020 08:38

I would suggest everyone have a look at the Orior Capital research linked above - good summary of the potential for the share price, and where they feel we should be now...

[harrisun] 23/10/2020 08:35

" I am delighted our Tulu Kapi funding CONSORTIUM has recently been finalised and the overall Project timetable of targeting production start-up in Q4 2022 has been maintained."

Yes set up the consortium, but not the funding. Even the consortium can't be said to be finalised if there's a potential for it not being done, and until its done there always is.

A spreadsheet on gold looks neat on paper, but until/unless that funding is sorted it's just that...paper.

[easwarareddy] 23/10/2020 08:34

Hm i hope so but i can't see it today. We had a bigger rise yesterday. Was hoping we would be above 3p by now. Im still down on my holding

[rich1e] 23/10/2020 07:24

Operational update, “I'm also delighted that the maiden Mineral Resource and Preliminary Economic Assessment ("PEA") for our Hawiah Project in Saudi Arabia were both delivered during the quarter”. As much as the content of those announcements I think that there is now a conscious effort to change market sentiment regarding timing and trust. Some things take time to get right, but yesterdays RNS came within the timeframe set, and I wouldn’t be surprised to see the finalisation of financing in the next couple of weeks.

[shortarm] 23/10/2020 07:24

Some proper copper grades in there!! Atalaya mine .43%!!

[mick1909] 23/10/2020 07:23

The ones who sold yesterday will jump back in and we will see 2.77p as resistance then 2.99p 52 week high then its 3.3p then 14 day rsi at 80% which is 3.6p think we should end the day around 2.7p

[bostanli] 23/10/2020 07:16

Fantastic update!!!

[uknighted] 23/10/2020 07:11

RNS Operational Update

Harry Anagnostaras-Adams, Executive Chairman of KEFI, commented :

" I am delighted our Tulu Kapi funding consortium has recently been finalised and the overall Project timetable of targeting production start-up in Q4 2022 has been maintained.

"The improved gold price outlook and our negotiations over the past few months have switched KEFI's focus from owning 45% of a 140,000 oz p.a. operation to potentially owning c.65% of 190,000 oz p.a. operation, essentially doubling KEFI's beneficial interest in Tulu Kapi in terms of net production per annum.

"I'm also delighted that the maiden Mineral Resource and Preliminary Economic Assessment ("PEA") for our Hawiah Project in Saudi Arabia were both delivered during the quarter. The positive Hawiah PEA demonstrates how far this project has advanced after only seven months of initial drilling."

[bashmore] 22/10/2020 23:21

We could have had news that KEFI found the cure for Covid and we would have still had people taking profit today tbh. Today was positive we'll see that 3+ soon

[theaviator] 22/10/2020 23:15

I wondered Mick. Still a v nice return. Well done.

[easwarareddy] 22/10/2020 22:31

Shouldn't we be above 3p already. I know many were saying 5p plus by end of October but end of October approaching and we still haven't had news to bring us the money!

[mick1909] 22/10/2020 21:32

I listened to him because i got stung with another share FRR and he was warning people prior to its delisting he works for sharephrophets ultimately it was my decision i still made a decent profit

[uknighted] 22/10/2020 21:17

You should never base your investment decisions purely on other posters views. There are many agendas being played out, Jaknife is infamously negative, it suits his real business.