Kefi Gold And Copper Share Discussion Threads

[robjm66] 24/11/2020 13:00

maybe they meant 20 20 vision probably need those x ray specs they used to advertise to get 20 30 vision or maybe one eyeball bigger than the other...

[glenalmond] 24/11/2020 12:49

"As part of Saudi Vision 2030" - from the first link and "Vision 2030 and the National Industrial Development and Logistics Program" from the expanded article.

[glenalmond] 24/11/2020 12:48

robjm6623 Nov '20 - 08:52 - 7912 of 7945
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page 30,31

Drilling in KSA now.

Great links rob, thanks for those. Interesting to see Saudi's with this Agenda 2030 thing too 😱

[katsy] 24/11/2020 12:30

Probably just the bucket shop broker moving shares around.

[belfastboyo] 24/11/2020 11:26

Will be interesting to see who any new shareholders are if/when a TR-1 form comes soon? If they go above 3% holdings as a buy that is...

[belfastboyo] 24/11/2020 11:21

2 buys for 33m each at 1.60 (placing price) so yes expect this is related to that...

[robjm66] 24/11/2020 11:17

Shareprice up early after some poor sentiment yesterday if they were both sells would have expected a five to ten percent drop.

[robjm66] 24/11/2020 10:11

Anyone know if the two large trades were buys or connected to the placing?

[belfastboyo] 24/11/2020 09:03

Agreed Shortarm...ultimately, I believe the TKGM funding will be closed (soon) and Hawiah and JQ will be move forward to development as they are fantastic assets. I also think gold/PGMs will be much higher in 2021/22. current market cap at c30m is a fraction of future potential and this gap will be bridged sooner than later as good news arrives. it's been a long and painful 8 year wait but a x5 or more move is possible here imho in the next 12 months if it goes well

[shortarm] 23/11/2020 19:57

It's the way to a happier life! ;-)

[richjj] 23/11/2020 19:50

Yep Belfast I’m more of a glass half full then half empty chap.

[belfastboyo] 23/11/2020 16:40

Agree with you Rich...all we can do is wait and hope that these RNS stated actions are delivered as set out...if so, then the market will react very quickly to readjust to a more realistic market value (many times over current share price level imho)...the end of Q4 is fast approaching so let's see what happens in the coming weeks...I have waited years for a ROI here so a few weeks more makes no difference to me.

[richjj] 23/11/2020 16:12

Rightly or wrongly I’m still focusing on the published short term time table set for this year from Kefi to deliver i.e. “Q4-2020 Milestones: Tulu Kapi funding details confirmed by/for all consortium parties, Tulu Kapi district exploration licences granted, Hawiah deeper drilling to report orebody extensions”.

I’m impatient like everyone else on the funding confirm need etc but their intentions are still “in play”.

[estseon] 23/11/2020 15:27

Katsy,

Until the equity funding is received, Kefi has to pick up the costs of securing the TK site and the costs of some at least of the TKGM management and employees.

The so-called local partners are free-riders until they finally stump up their dosh.

Assuming that the funding does come through, Kefi will then be left with H.O. costs (which are moderate), funding the Saudi operations (unpredictable though there will be the cost of applying for a mining licence for JQ as well as whatever is needed for Hawiah exploration and, within a year or so, the Hawiah DFS) and exploration in the satellite deposits around TK - the funding plans may have taken account of that. Any further exploration of the TK deeps should be covered by the budget and the funding for TK.

[paleje] 23/11/2020 15:07

Well Tulu Kapi is a long way from Tigray region but it's still an unpleasant backdrop, let's hope it resolves without too much more bloodshed.

[digger2779] 23/11/2020 12:32

Katsy - there are 2 gold mines. TK which produces zilch and KEFI Co. which provides Harry et al with a "living wage". Thought this was obvious but it's the price we pay for keeping the lights on and putting food in Harry's belly.

[katsy] 23/11/2020 12:09

How does a company, who only employ part time directors (Many drectors have other directorships that also keep them busy elsewhere), have no operations get through £500k per month? Beggars belief

[belfastboyo] 23/11/2020 12:04

But you are correct in stating that until full closing happens much of the monthly cash burn to date has been on inflated salaries to Harry and team and I am certainly no cheerleader for Harry (quite the opposite)...would love to see him replaced by someone of much higher competence...who actually under promises and over delivers on that he agreed to do...

[belfastboyo] 23/11/2020 12:00

Sorry Chopper but I think it is you that is wrong on this...as per accounts dated 31/12/19 Kefi Plc is owed £13.74m by group companies (of which £7.9m was at this time deemed irrecoverable)...so still £6.97m owed, unsecured, interest free and repayable on demand...once full TKGM funding is completely closed then any/all costs for TKGM will be fully covered and one assumes some money can be reclaimed back by PLC.

[shortarm] 23/11/2020 11:52

Except that he effectively immediately invested it all into lovely Kefi shares.

[chopper harris1] 23/11/2020 11:16

No, I think you are wrong, John. The bulk of the money raised will go on administration costs. They get through 500k a month. I believe this amount will decrease when funding is concluded but I'm pretty sure that they are still going to need to raise some money every 5/6 months to meet their administration outgoings (totally separate from TK and Saudi operational costs) until they're actually receiving revenue from production.

So expect more dilution (but hopefully not on the scale experienced to date) for another couple of years at least.

[3690john] 23/11/2020 11:01

I maybe wrong BUT I understood that the money raised was for drilling etc.is saudi
Which is where I bought the shares for, pre. Ethiopia. John

[robjm66] 23/11/2020 10:49

Jaylett actually opposed harry being appointed to lead Kefi after Jeff Rayner so not a fully paid member of this mythical "fan club" do not think he is a great leader but neither is he a terrible one.

Kefi lost out in the KSA previously because the conditions at the time would a great leader made any difference there no.

Delayed in Ethiopia mostly to the pack being shuffled different entities backed out due to getting cold feet and the differing priorities locally from giving ANS a slice of the pie to rewarding local region more a great leader make any difference there no.

Can point to some timetables being hit if you have any suggestions to what could be done more now, willing to hear them.