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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Kefi Gold And Copper Plc | LSE:KEFI | London | Ordinary Share | GB00BD8GP619 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.002 | 0.37% | 0.541 | 0.538 | 0.544 | 0.544 | 0.538 | 0.54 | 7,358,495 | 16:35:06 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Metal Mining Services | 0 | -6.36M | -0.0013 | -4.15 | 26.81M |
Date | Subject | Author | Discuss |
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27/11/2020 01:45 | Hey a lot of back and forth here and some frustrated long term investors with a break even level much, much, much higher than 2p. I say to newcomers, with the recent gold sentiment dip this is an unparalleled opportunity to buy.... downside minimal and short term upside multiple. New people may want to take a look at my below explanation on KEFI Gold and Copper.To NEW INVESTORS. TULU KAPI gold mine formally received the green light from the government in November 2019. There are to be no more permits, environment, security and social considerations. The mine will open and we await final financial closure this December with term sheets already agreed with two of the mightiest African banks. The Ethiopian Government are currently constructing critical transport and security infrastructure directly attributed to this mine. This includes roads, and an airport. The TULU KAPI mine - on its own - when in production will be the single largest export revenue generator in the fastest growing country on the planet. It's no wonder the Nobel Peace winning EG Prime Minister is directly involved and has his hands are all over this project. And nor is it a surprise that the military will be securing this very prized asset. The current declared TULU KAPI NPV is at bare minimum a 10-15x multiple of our current market capitalisation. This stock is grossly undervalued even when based on this single JORC Certified Gold asset. And the KEFI valuation doesn't take into account all the other KEFI assets. It doesn't take into account the phenomenal Saudi Assets which is what initially attracted most long term investors who are still here. Nor does it include the equivalent gold mining opportunity directly below the TULU KAPI mine with an additional 1 million oz of gold. Norm the surrounding catchment area where KEFI have first movers advantage and first pegging rights of refusal. And when we look at subsequent Ethiopian mining phases there will be enormous cost efficiencies and increased profit margins due to the - in place - critical transport, military, mine and human resource infrastructure. Regarding humans, I have never seen a social contract so boot strapped. This has included a comprehensive and detailed family by family relocation compensation assessment. KEFI have gone well beyond the government declared remuneration requirement with what equates to life changing money to said community. KEFI are further heading up an mining educational program to ensure that the vast majority of the workers will be local. And they have also set up the Australian GoldCouncil.So this is definitely not some dodgy, early stage fly by night, pie in the sky banana republic, exploitative mine with speculative AIM promises. It is rather a superb pre-production mining find, best explored and developed by an outfit both lead and full of Australians. The Aussies, as we all know are among the best miners this world has to offer. And for this shield / belt geology, they are, without question the very, very, very best and indeed the pioneers of such mining on their own land. This is the real deal, and it's been inching forward for near on 15 years. There have been all sorts of challenges and impediments, such as jurisdictional instability - now very much so resolved by dramatic, sweeping, Ethiopian 2018 Nobel Peace prize winning democratic reforms. There has been added frustration associated with being the first public private mine in a quarter of a century; the bureaucracy and being the guinea pig for a sector to which the Ethiopian Govt are highly committed.Also, the market has clearly yet to factor in KEFIs additional assets in the Saudi Arabian Nubian shield, which is looking that it will be upwards of five times what KEFI have in Ethiopia. In just 7 months of drilling the SAUDI HAWIAH asset has uncovered easily accessible, shallow depth VMS Volcanic Massive Sulfide. BIG mineral NUGGETS, incredibly rich in highly concentrated copper. As was quoted it's like a mattress on its side with an initial PEA complete. And even more assays are to come as we uncover just how big and long this mattress is. And then of course there is JIBAL OUTMAN also in Saudi - another 700K ounces of gold. This could fund all sorts of KEFI development and at very low cost - easy open pit stuff - just need to grab a shovel. | riotinted_specs | |
27/11/2020 01:28 | You should wait, KEFI is tracking gold price sentiment. I would wait an additional week if you want a profit. Wait another month from that and we might get some good Hawiaah news too | riotinted_specs | |
26/11/2020 19:17 | Rich1e thanks for the insight. I don’t know if they will be part fund provider however again another reasonable bet ...just like Kefi. | richjj | |
26/11/2020 19:10 | Topicel not sure I agree with your view...if I toss a coin in the air 6 times and each time the coin comes back tails...what is the odds my next coin toss comes back tails? Answer 50/50...so either Kefi will deliver funding or it won't...if it does the share price will double or treble most likely...if it does not it might fall a bit but it is already so cheap that any further falls imho are limited...and one could argue then on sale and one might buy more | belfastboyo | |
26/11/2020 19:01 | Rich, I’ve been reading through the message board over there for the last couple of weeks and you take it for what it is, a message board. But a few things crop up from posters with varying views and agendas, such as the phrase one trick pony. This week for the positives, possible new licence areas, countered by the negatives that’ll take years of drilling. It strikes me that Centamin might just benefit from involvement here as much as Kefi would. You take it, that when posters from both sides of the argument agree that new assets are required that there is some truth in it. Then you ask what would Centamin do to address this? Acquire new licences and spend time drilling whilst hoping for a desirable outcome is one option. | rich1e | |
26/11/2020 18:48 | Rich1e I’ve signed up to the email notifications from Centamin for a giggle 🤭. You never know I’ll end up investing in them instead . | richjj | |
26/11/2020 18:22 | Thanks for your prayers Jaylett. There seems little to arrest the drop here other than the inevitable 'f' word so good luck with getting 2p. Back to July levels and that was the spike from 1p. I tend to agree with your assessment about the latest consortium when I'm not busy with my own hail Mary's! Never mind, wind-up merchant in chief Goatie will explain why this time is very different from all the other times he has said it's different :) Topicel | topicel | |
26/11/2020 17:47 | I will be selling my remaining 50% around 14th / 15th, depending on market volumes. I would say assuming there's no news on funding, but there won't be, so that's that. 2p would be nice so I could leave around b/e, but that looks a long way away now thanks to the latest round of punishing dilution from this utter shambles of a company. My faith in the leadership is shot and I no longer believe a single word they say. In fact I think this latest 'consortium' is yet more smoke and mirrors and will simply melt away in the new year. That's time to sell up and move on, in my book. A decade of utter waste and disappointment. I feel for those heavily under water here and praying for a miracle. | jaylett | |
26/11/2020 17:43 | Aye it’s the season to be merry. My reasoning, Centamin who some may view as a ftse listed industrial with Ethiopian interests have a question and answers booked for Wednesday morning. I was just wondering if there was anything in particular they’d like to discuss. | rich1e | |
26/11/2020 17:43 | Well as a LTI since Nyota days, and a significant holder of the stock, I will continue to hope that the recent Brandon Hill Capital report on Kefi is correct and that Kefi will finally deliver funding closure as stated before the end of Q4 2020 and that their valuation of c215m GBP @10.15p at $1880 AU is conservative...I fully believe Gold, Copper and all PGM's will be a LOT higher than current levels when Biden/Yellen get behind the wheel and start the MMT to infinity leg of the journey....Rishi & Boris with their 400BN borrowing (aka monetizing debt spree) is just a great example to follow or maybe the super smart Japanese....fiat currencies have collapsed versus "real" money/assets and we will now enter the next phase...and before any (quite rightly) naysayers jump in...yes I get it if Harry/BOD was a cat it has used up 8 of their 9 lives...but maybe, just maybe they WILL finally deliver? without hope, what do we have? | belfastboyo | |
26/11/2020 17:23 | a newbie and a comedian/enne....wha | unionhall | |
26/11/2020 17:03 | Everyone is guessing really on how close to the timetable kefi will be. Company still seem to be saying on track for this quarter but they can also only go on what information they have though hopefully their information is better. The imponderable is how much time if any was lost doing the due diligence due to the conflict in Tigray. Could be anything from none to a couple of weeks as banks have already visited site on the other hand might have slowed report down while waiting to see who was winning the conflict or if it would be a drawn out one. How much you are going to worry is down to person and if they are trading in and out personally having held this long just want to see TK over the line not going to run for the hills if it is week late. | robjm66 | |
26/11/2020 16:45 | Goat. I assume you have re-read your comments, I'm surprised you enquire. Given all you know about this company the comments "very unlikely that it will not go ahead by the end of the year" and "not really a worry" are at best lazy and reckless, although I tend to think misleading for people whom view this board. If anyone cared to look I think they'll find similar comments from yourself in 2019, 2018, 2017 and also by your loyal sidekick. Shame on you | sweetwaters | |
26/11/2020 15:52 | Thanks Mick...I think perhaps what you mean to say is, in your humble opinion, the funding won't (not want) be announced before 11th Dec...until after Harry has acquired with his money a lot more shares at 1.6p...which would be more accurate...that said, I agree with your core premise...I do too do not think we will hear funding news until after the 11th Dec GM...but I might (like you) be wrong in that assumption. | belfastboyo | |
26/11/2020 12:49 | The funding want be revealed until after the 11th Dec when fat harry gobbles more shares | mick1909 | |
26/11/2020 12:31 | Oh, so you think it's going to be earlier? Excellent :-) | shortarm | |
26/11/2020 12:26 | Jeepers Goat, talk about misleading. Shame on you. I'm sure you'll rise to the occasion to defend your statement. | sweetwaters | |
26/11/2020 12:24 | You couldn't blame consortium members for taking their time with due diligence with two heavily armed groups on the rampage. A lot will depend on how the next few days pan out. I can't imagine them finalising anything until Abiy prevails. Let's hope he does. | bosbus | |
26/11/2020 12:21 | But the funding is agreed - subject to Due Diligence. Term sheets are agreed. I think it is very unlikely that it will not go ahead by the end of the year. Of course there might be some slippage - not really a worry. | goatherd | |
26/11/2020 10:55 | 6p, 8p,10p. What does any of it matter if Kefi cannot secure the funding for TK? | divmad | |
26/11/2020 09:54 | Well Topical target price often down to how different people work out the value and different measures they use. "Taken together, we value KEFI at 6.86p per share assuming the projected 65% interest at Tulu Kapi. Our valuation increases to £172.2m or 8.35p per share should KEFI and its JV partner successfully double the maiden resource at Hawiah as targeted with the current drill campaign. We note that our valuation increases to £214.7m or 10.14p per share when considering the current gold price of US$1,878/oz." The imponderable bit is what happens to the share price if Hawiah does double in size do not see the market putting much if any value on it at the moment but there is likely to come a stage when the market does wake up and start attributing some value to it. | robjm66 | |
26/11/2020 09:02 | "KEFI now has signed agreements and non-binding terms sheets in place with all consortium members, although the individual agreements remain conditional on completion of due diligence, confirmation of regulatory compliance, internal approvals and the execution of full documentation by each consortium" When written like this it is so open-ended that anyone thinking that funding is coming in 2020 is probably not understanding Harry has, as usual, over-egged the pudding. Individual agreements conditional on DD completion can take months in and of itself. As could confirmation of regulatory compliance and internal approvals. Execution of full documentation by each consortium sounds long-winded. I find the best thing here is to await the New Year and see what Harry has to say about his latest friends with no money to even show sincerity enough to put down a deposit. A bit like the last lot and their initial $3m. Of course, it doesn't work like that... And the target prices go down too! Topicel | topicel |
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