Kefi Gold And Copper Share Discussion Threads

[estseon] 15/11/2020 20:06

Good for you.

[lhoskins] 15/11/2020 15:29

The conflict is unfortunate and obviously very sad for those involved. I think this will be concluded in the coming days/weeks. Luckily Kefi is a long distance away from the fighting. For me this is not a time to sell but to add. I would be looking to buy if I wasn't invested. There was a similar situation with AAZ a few weeks ago when Armenia and Azerbaijan were fighting on the borders. The share price dropped back 50%. The conflict is now more or less done and dusted and the share price is rising back up. Harry gets a lot of stick on this board but I believe he will come up with the goods. Then when (not if) the government take control of Tigray we won't be seeing the share price at these levels again. I'm going long and strong on this one.

[belfastboyo] 15/11/2020 14:58

Agree...Tigray leader is clearly an idiot...fighting the EG army seems stupid enough but let’s provoke Eritrea also...clearly a desperate attempt to get them to act...highly unlikely to work...the sooner these guys are removed from power the better for the people’s of Ethiopia and Its neighbours

[rich1e] 15/11/2020 14:54

Or someone someone snaps us up for a tidy price, because they're already a producer and want to produce more when the big bucks start rolling in, and we don't have to wait years for a payday.... is that what you're saying Topicel?

[topicel] 15/11/2020 14:44

The arguments that gold will head for all manner of dollar-denominated levels have been made ad-infinitum for over half a century.

Ultimately what we see when gold rises in dollar value, or any other currency, is the destruction of the value of the currency. It is hard to get one's head around sometimes, but the idea is not to value gold in a currency but in what it will buy you in hard assets of similar value. Real estate, farmland, property of all kinds.

Then, in effect, you see what an ounze or whatever weight you prefer, of gold (and/or silver) can buy you in real terms...

Prior to the gold standard being discarded entirely by Nixon (in what he referred to as a 'temporary' situation!) in 1971 there was some linkage to gold backing a currency - in this case the dollar - that implied it was possible to redeem your currency for an amount in weight of gold.

However we cut it, there is no doubt gold has not been 'priced' correctly ever since given the devaluation of currencies, so I would have no issue with $15,000 as the nominal correct dollar equivalent for today, never mind 2026!

Of course we struggle to make all-time highs set 10 years ago, so will it be let loose? I don't know as potentially crypto is being set up as the alternative of the future, but until then it is irrelevant unless we become a producer, or even a prospective producer...

Topicel

[mick1909] 15/11/2020 13:29

$15,000 an ounce by 2026 some prediction theyll be plenty multi bagging gold stocks if it becomes reality

[robjm66] 15/11/2020 12:29

hxxps://dailyreckoning.com/the-bogus-case-against-gold/

[1deedee] 15/11/2020 12:18

The western region of Tigray has been liberated,” tweeted Abiy, 44, who comes from the largest ethnic group the Oromo and once fought with the Tigrayans against neighboring Eritrea.

“In those liberated areas, the army is now providing humanitarian assistance and services. It is also feeding the people,” he added.

[chopper harris1] 15/11/2020 12:11

One could argue that Harry has been a little unlucky since getting KEFI (and its long-suffering shareholders) involved in Ethiopia with the previous States of Emergency and now this situation in Tigray, even though it's hundreds of miles away from Tulu Kapi and appears to be confined to a province sandwiched between Ethiopia and Eritrea.

But the fact is that Harry chose to do business in what is still, effectively, a third world country where the potential for political and religious strife continuously simmers just beneath the surface of everyday life. He has, therefore, to accept any consequenses of this unpredictability and attempt to overcome them as best as he can for the good of KEFI.

Harry has regularly intimated (boasted?) in recent times about the very good relationship he and the company have with those that matter in Ethiopia. If the project funding for TK really is as close to conclusion as we were led to believe from the RNS of 22/10/20 then Harry now, more than ever,needs to justify his very generous salary and utilise these powerful contacts to get this deal fully concluded as soon as possible. After all, this saga/farce/debacle (call it what you like) has gone on for long enough.

[robjm66] 15/11/2020 10:23

Just a stupid and desperate move by the rebels to attack the Eritreans, the Eritreans might have been giving some support to the Ethiopian federal government before but now they do not even have to be subtle about future support as they can say they were attacked.

The Federal forces can raid anywhere now with their air force and say they are hunting the “several” Missiles left.

Rebel leaders obviously desperate for the government to be forced to the negotiating table by international pressure but they would be better off legging it out of the country.

[rich1e] 15/11/2020 09:01

It’s a very sad state of affairs that’s for sure. From articles that I’ve read it looks to me like the government are taking this on to bring it to a lasting conclusion, militarily at least. From the above report, the TPLF warning of further attacks unless aggression stops, suggests to me that they can see that the writing is on the wall. I can’t pretend to know much about what’s going on but hopefully the coming weeks will contribute to lasting peace and security for years to come.

Aside, hopefully some positive funding news this week, maybe tomorrow. Good day all.

[peverill] 15/11/2020 08:04

Not looking good for any resolution to the conflict anytime soon in Tigray.Now if Harry would have done what he said he was going to do by end of October,then maybe not a problem.His failure to get funding in place maybe a bigger problem now than it was two weeks ago.Harry out!!

[richjj] 14/11/2020 16:43

Any idea when the Saudi update to the drilling results will take place ? I.e. are we also talking just possibly weeks like the funding in peoples opinion ? If so I guess we would then see a overall material picture (pre mining builds and production) which I think will be most welcome to everyone through the expected RNSs and a resultant new NPV.

[belfastboyo] 14/11/2020 15:16

Ultimately, none of us on this board can know for sure where the funding discussions sit atm...we can only guess and speculate. Still, my view is that as the 2 senior banks are African, and the large investor is already invested in Ethiopia, that is positive, as they are not likely to panic due to the Tigray situation. On Tigray, it seems like the government will quickly get the region under control (or so the reports seem to indicate). And so I am hopeful that the funding can be closed sooner than later to avoid another dilutive fund raise at these low SP/valuation. If so, then imho the share price will rerate to x2 or x3 current share price in hours/days. Longer term, with AU at $2k & 65% TKGM share then the NPV on TKGM alone (excluding broader license areas nearby) is c15p per share NOT including any of the fantastic Saudi assets of JQ and Hawiah which are measured in billions USD in ground confirmed PGM's/Copper...so at c£35m current valuation the potential share price upside is HUGE on positive news of course...we shall shortly know, one way or another over, the coming next few weeks....stay frosty.

[robjm66] 14/11/2020 14:56

We had got to the stage where there seemed agreement in principle but that is always going to need due diligence especially from the banks. Ethiopian government going to want things to go ahead as fast as possible before the elections next year. I do not see elections being delayed again government going to want to capitalise on the afterglow of a military victory.

If I was the banks or the offtaker would do all the due due diligence apart from the political risk due diligence leaving that to last that way they would have a clear picture and the schedule would not be thrown out and would still be looking at the deal being completed this quarter.

[chopper harris1] 14/11/2020 13:40

I'm sure that Harry is sticking the Tigray situation in his back pocket as another potential excuse for a further delay beyond the end of the year for TK funding.

Despite the company recently all but negating the issue when they highlighted the very long distance between Tigray and the area of the proposed mine.

I suspect that dealing with the current situation in the north of the country is not stopping the Ethiopian government from continuing to govern elsewhere and dealing with unrelated issues in the rest of the country.

And isn't funding for TK all but sorted, anyway? Just a formality of crossing the Ts and dotting the Is? Or so we've been led to believe, in my opinion.

[rich1e] 14/11/2020 13:24

I can deal with any delay, it would pi$$ on my parade more so, if I were on the sidelines when news lands and have to pay 4p a share to get back in.

[robjm66] 14/11/2020 13:17

Depending on how it plays out could strengthen the government’s hand and make Ethiopia less likely to break up in the short to medium term and convince any region that wants to eventually breakaway to do so through political means.

As for timing looks to me for the government to make such fast progress either less of the military went over to the rebel side than it looked like at first or the rebels are having a problem with mass desertion.

Rebels already effectively got them self surrounded and cut off from supplies so however much military hardware they have they have handed the initiative to the government forces.

If rebel forces really weak government forces can go straight in after some moping up and building up there forces if rebel relativity strong can be just sieged till supplies run low.

A victory for the government in the conflict should help the government with the election bit like the Falkland effect that happened here.

[richjj] 14/11/2020 12:33

Fair comment might be right . I guess getting the Saudi update on further drilling results soon (if good ) will help compensate a little if there is a delay however I’m not too sure what the market will think given they want certainty as we all do on funding .

[moutardbrookes] 14/11/2020 12:17

Not wanting to pi$$ on the parade but would expect a couple of months delay whilst Tigray plays out

[richjj] 14/11/2020 12:16

Thanks for the link Rich1 which appears to be a well balanced assessment with some reserve which perhaps is realistic given the country’s current troubles.

[rich1e] 14/11/2020 11:45

hxxps://masterinvestor.co.uk/commodities/johns-mining-journal-waiting-for-gold-ot/