Kefi Gold And Copper Share Discussion Threads

[belfastboyo] 05/11/2020 11:24

Topical, sorry but I will have to strongly disagree with you that gold price is not going anywhere soon...it is going to hit record levels again very soon imho..case in point I refer you to AU's av. annual appreciation in GBP since 2005 is 13.9% per annum!! PRE COVID lock downs. Today again our BOE just conjured up another 150 BN GBP. I do fully agree that IF Biden/Dems win Presidency and Congress but Republicans keep Senate...then we will see LESS Trillions USD printed but whether it is 2TN or 3TN or 4TN is moot. At this point does not matter...the train is heading full speed towards MMT as debt, that cannot be repaid, won't be. Gold is god's money. It cannot be printed into existence. It is exceptionally rare and costs a LOT to get one ounce out of the ground $1k to $1.3k AISC. I am not a gold bug...but someone who reviews the economic facts I see and judges asset directions etc. On Kefi, I will continue to keep the faith for a few more years until the underlying (aka realistic) value is duly recognized. The NPV estimate for TKGM alone at 2k AU & 65% share is c15p per share, current price is c1.7 bid...NOT including license areas, JQ and Hawaiah. As a LTI since Nyota i am no big supporter of Harry/BOD & the length of this journey, the heartbreak of a litany of overpromised deadlines undelivered. But I truly believe the wind has shifted and we are surely very close now to finally getting this show on the road. As the late great Jesse Livermore noted he made most of his money "sitting"....patience, patience and patience and rich rewards lie ahead imho but investors should do their own research and make up their own mind as always. I am here for the long term gain, not any short term noise.

[dozyduck] 05/11/2020 11:23

BBO etc. The number of parties needing to sign off this deal simultaneously is probably well over 50 and maybe 100. Its not just Kefi and the different banks. Its everyone else with a finger in the pie who will include insurers, government agencies, guarantee-ers for all the others, offtakers, refining customers, - etc etc. not to mention the lawyers for each one. You can get a feel for the complexities by looking up project financing.

[estseon] 05/11/2020 11:06

I'm confident that the cretins at ICL could produce a sufficiently terrifying graphical representation of the worst-risk scenario even if they could not explain the assumptions made.

Unfortunately, the said cretins have tunnel vision. Are they masters of their diabolical model or are they its slaves?

In the real world, HAA has confirmed in writing and verbally that the identified senior banks are going through their review process for the increased senior debt facility.

Those senior debt banks would not waste their time doing so if they did not consider the commitments of the project equity providers to be serious.

They are in a far better position to judge the commitments of project equity providers than are we.

So, why not wait and see whether they clear the increased debt facility?

[belfastboyo] 05/11/2020 10:43

There is always a risk getting up in the morning or crossing the road. valuing a company is about probabilities of outcomes and size of the ROI...in Kefi we have a late stage explorer/developer with proven billions USD assets waiting to finalise a 200m+ close weeks away..which mr market values today at sub 40m. I see is a company with a very high probability & potential to go to 400m in a few years

[robjm66] 05/11/2020 10:19

hxxps://smallcaps.com.au/megado-gold-reports-historic-anomaly-ethiopia-drilling-next-week/

hxxps://the-pick.com.au/newcomer-megado-gold-preparing-for-maiden-ethiopian-drill-campaign/

[shortarm] 05/11/2020 10:07

Yes, the potential is enormous! Seems very kind of you to highlight risks in a share you're invested in? Just generally a nice person? Or have too much money?

[katsy] 05/11/2020 10:03

I get the potential and given gold/copper prices would be foolish not to proceed. I'm merely highlighting the risks.

[shortarm] 05/11/2020 09:50

You really don't like Kefi do you Katsy. It begs the question as to why you're here?(Asking for a friend)

[topicel] 05/11/2020 09:42

RIO - your analogy of how gold would react to the higher amount of money printing down the pike would normally be accurate except for the Senate, which ratifies most things, is not under Democratic control.

It can easily be foreseen that the Republicans will spike all or most attempts by Biden to push through excessive stimulus measures, which is probably what we've been seeing anyway between Mnuchin and Pelosi.

Hence gold is not going anywhere. To say events are getting in the way to add to Harry's procrastination and indecision (get the plant underway FFS!, what's a percentage here and there) is a fair comment...

Topicel

[katsy] 05/11/2020 09:39

Belfactboyo so as you point out there's a long list of players who (for whatever reason) can delay the finance deal, hence the risk is there for all to see.

[belfastboyo] 05/11/2020 09:30

Katsy, sorry but I feel you misunderstand what is happening here. Harry does not get to "decide" to kick the can further down the road..he and his team are leading a very complicated/large c200m+ financial closing exercise representing a) Kefi shareholders with b) EG gov. c) new investors d) new off take facility providers e) 2 large African banks....and all need to agree on terms with legal sign off

[belfastboyo] 05/11/2020 09:12

Sorry been incredibly busy at work recently so missed your post...Yes indeed the opportunity in Saudi with both JQ and Hawiah is immense with in ground gold/copper/silver/zinc etc. Measured in BNs USD at today's prices and yes my understanding is that Saudis will offer up c75% mine funding at very low costs. So if Hawiah say cost 200m to build then 150m could be borrowed & Kefi need fund equity of only 34% of 50m...IRR would be significant

[chopper harris1] 05/11/2020 09:07

Divmad (7556),

You obviously missed my post on Monday (I think) where I stated my unsurprised disappointment at this continuing funding shambles. Think I finished that post by saying that I'd try to stay away again until the start of January, when I fully expect TK funding to still be unresolved.

At which point I reckon that serious consideration will need to be given to removing the "funding can" from Harry's possession so that he can't keep kicking it further and further down the road, from one deadline to another.

But I still hold, in the hope that one day Harry, or someone else, will finally be able to reward weary shareholders through KEFI's definite potential.

And I feel very proud and humble that "little ol' me" is mentioned in a post located in the "headers" of the KEFI thread. Thank you.

[katsy] 05/11/2020 08:20

If Harry kicks the TK project funding can down the road again and then places more shares at mate rates to keep him in his £30k pm salary then you can tell your grand children how you got in at 1p. That's why these are at 1.7p and not 3p because the risk is there for all to see.

[uknighted] 05/11/2020 08:07

Oh, that remark went down like a damp squib Shortarm!

[shortarm] 05/11/2020 08:05

Aren't all squids damp? By virtue of the fact they live in the sea?

[easwarareddy] 05/11/2020 08:01

At a loss in this share. Damp squid comes to mind

[riotinted_specs] 05/11/2020 01:46

All done, I'm calling Joe Biden as President. Uncertainty is removed from the markets and a larger stimulus from President Biden and therefore a higher amount of money printing with the price of gold rising compounded by a higher and more green U.S infrastructure investment. My play has always been copper and Hawiah... let's watch cioper sky rocket. Ladies and Gentlemen if you can get in at 1.7p you can tell your grandchildren about it

[shortarm] 04/11/2020 21:10

Oh no, let's all panic? :-)

[neally99911] 04/11/2020 20:46

But Ethiopia has had 2 states of emergency in recent years which stopped Kefi twice before - certainly a raised danger of another one now

[exiledweegie] 04/11/2020 20:07

goatherd, my understanding from what Harry said in the webcast last week was that he didn't want to wait for TK revenue to come on stream before developing Hawiah. If I remember correctly, he said that he would raise the money in the cheapest way possible to get Hawiah going quickly and, if the Kefi shareprice rises sufficiently, he has no problems doing a placing to raise more funds.

[goatherd] 04/11/2020 19:41

belfastboyo,

Excellent post, thank you.

By the way did you see my reply to you, yesterday? Did you accept the point?

[belfastboyo] 04/11/2020 18:37

Anyone remember when N.Korea drama was in the news? Ultimately, short term terrorism/issues are pretty much everywhere at some point...terrible event for sure...but likely one off and contained quickly...Kefi share price will re rate on core fundamentals...funding news for TKGM likely before end of 2020...gold price (likely to go way higher when money printer goes brrrrr) and Hawiah drilling news