Kefi Gold And Copper Share Discussion Threads

[estseon] 16/12/2020 16:58

Tops,

No. The last comment was that the equity funds would be received in H1 for the resettlement, procurement and earthworks. The senior debt will be received in H2 to fund the processing plant build. Mining is due to start (for stockpiling in advance of commissioning the plant, I guess) in Q2 2022, which is now 15 - 18 months away.

Financial closing and the start of development are scheduled for Q1 2021.

They will also recommence exploration of the satellites.

[belfastboyo] 16/12/2020 16:57

Your health is your wealth as they say...but I'm not as pessimistic as you...I'm hopeful Harry/BOD will deliver TKGM binding agreements and funding closure in Jan..or early Feb latest....as a LTI I have suffered with others from Harry's over promising and under delivering...but I suspect we can't be far away now (at last)...of course I could be wrong...we shall see soon enough I guess...

[topicel] 16/12/2020 16:39

Oh, it will be better!

Personally speaking as long as we are all healthy Harry can continue to fart about all year long if he likes. He's already signaled H1 is unlikely to see the actual funds, and we've been in 'agreement' before with nothing to show for it.

As you say, believe in Del Boy. All Harry needs is a couple of stones on his pinkies and I can see it in him...I wonder what they Aussies call a spiff, or someone who always talks the talk but seldom walks the walk?

Topicel

[belfastboyo] 16/12/2020 16:15

Lol ? indeed Tops...what news indeed"This time next year we'll be millionaires rodders"If Arry ever delivers I live in hope 2021 can only be better than 2020 my friend

[estseon] 16/12/2020 15:19

Signing of the funding agreements by all parties would be a good start...

[topicel] 16/12/2020 14:34

What news is that then Belfast? ;)

Topicel

[belfastboyo] 16/12/2020 14:26

Gold/PGMs & Copper all rising again..BOA forecasting c$3k AU Dec. 2021...trillion USD deficits as far as the eye can see...and we are weeks away we are told from final binding agreements for TKGM funding conclusion...current market cap...a fraction of underlying NPV of ONLY TKGM...(not including nearby Ethiopia), nor Hawiah, nor Jibal Q, nor dev. Areas in KSA so I'm expecting x3 minimum re rating on news....

[scars] 16/12/2020 09:31

Would be good to get back over 2p before the news...

[pennstreet] 16/12/2020 09:24

With the right news it's possible. Come on Harry - pull your finger out !!

[robjm66] 15/12/2020 23:27

hxxps://www.developingtelecoms.com/telecom-business/telecom-investment-mergers/10446-us-bets-500m-on-vodafone-consortium-in-ethiopia.html

hxxps://eresearch.fidelity.com/eresearch/evaluate/news/basicNewsStory.jhtml?symbols=NEM&storyid=202012150602RTRSNEWSCOMBINED_L1N2IV0MJ_1&provider=RTRSNEWS&product=COMBINED&sb=1

[scars] 15/12/2020 23:01

That would be nice! But not realistic!

[professor_peaky] 15/12/2020 21:30

5p by xmas

[robjm66] 15/12/2020 18:20

Thanks TTT Type kefi in the search tabs for exploration areas for when TK deal is done.

[tim_the_trout2] 15/12/2020 17:48

hxxps://www.ena.et/en/?p=19648


hxxps://ethiopian.portal.miningcadastre.com/MapPage.aspx?PageID=a16a9300-7c58-4f81-9e5c-97e13b22b0c6

type "TKGM" in the search tab


TTT

[scars] 15/12/2020 17:10

not massive in investing terms!

[pennstreet] 15/12/2020 17:06

1.2m buy at cob

[estseon] 15/12/2020 16:34

Kefi has been allocated about 1,120 sq km to be awarded when funding is concluded. The early ones to watch will be the "24km of mineralised strike identified along
two trends parallel to the Tulu Kapi Trend": Guji, Komto and Soyoma. "Initial target is to identify 300-500 koz Au at 1.5g/t as additional feed to the Tulu Kapi plant, or to be heap leached This could add ~50,000 oz pa to production at low cost"

As things stand, because there is no prospective minority interest in these licences other than the government 5% statutory carry - but don't hold your breath - we've not seen the funding package yet - that additional 50k ozs / yr could be worth 95/65 = 73k ozs / yr added to TK production. Initially, TK will be 140k (the underground will add about 50k but that is not until year 3), so adding the initial production from those satellite deposits will increase total production attributable to us by 50% for the early years.

[matthew stone] 15/12/2020 16:18

Who knows - may represent opportunities for us in the future, if we can prove we can get our first mine in the country up and running!

[robjm66] 15/12/2020 15:59

From positive energy lse kefi board though kefi would have rnsed if it was relevant and the mining minister would hardly visit say we expect to produce gold then cancel the licence...

“I asked harry if we were effected in any way by the revoking of mining licenses..
Harrys response was no thats nothing to do with us...
Always best to confirm these thing... But yes interesting article mach20 many thanks for pointing out.. Was released early hours this morning and another article appeared in last 15 minutes, thanks for coming here and posting”

[matthew stone] 15/12/2020 15:50

True - I may have read it too quickly and worried unnecessarily! Apologies...

[estseon] 15/12/2020 15:35

Matthew Stone

It's a bit pointless Kefi confirming that it has not breached rules relating to production at TK would you not think?

[echoridge] 15/12/2020 14:08

Look, anyone wants to ignore me or worse, fine, but this isn't a game and I'm not here to make friends. I'm hoping to raise the standard of discussion on my names on these basic message boards, so I don't have to constantly create private conversations on Twitter or Telegram and instead see if I can generate some useful dialogue here and try and teach small shareholders on how not to analyse a small company in the process. So here are a couple of useful rules; best everyone consider adopting them: 1. owning a share for a long period of time does not convey upon anyone any particular insight or even perspective, sufficient to elevate anything they write beyond the basic scrutiny around everything from simple facts to internal logic; ie., I don't give 2 fs if you've owned the shares since before the flood, you gotta know what you're talking about and/or what you write has to make sense; 2. having posted 500 of the same drivel every week for the better part of your 50s, likewise affords you exactly nil points in credibility and therefore respect. See no1 for more guidance here; 3. This is a prospective mining company focused on gold exploration in the 2nd- and developing-world. Therefore, knowledge of anything from in-country licensing laws, to resource updates, to financial reporting especially for early-stage miners, to gold price trends, etc are relevant to the care and feeding of Kefi and are thereby relevant discussion topics. Capital markets subjects like corporate governance (eg., the actual responsibilities of a board of directors in the UK or how NOMADs do and do not work) are also important but they are very specialised subjects and if your only experience in them is posting on a manky message board for a few years, you should probably steer clear from opining on them. And finally, I shouldn't need to say this, but having lost a lot of money owning the shares from (much) higher price levels is NOT A SPECIAL SKILL and therefore the pain and suffering you've experienced as a result, believe it or not, NEED NOT BE SHARED with a hundred strangers at every bloody opportunity. These silly message boards are - and aren't - a lot of things, but one thing everyone should be able to agree on is that they are not therapy sessions. Unfortunately, certain individuals need to be smacked on the nose once in a while to remind them of that, while others want to pretend that hanging out in the very armpit of social media in the hopes of making a quid or 2 is some kind of higher calling requiring protection of the 'spirit'. GMAB

[echoridge] 15/12/2020 13:52

No, I understood it very clearly. That RNS was the equivalent of a profit u/g for that company, not some kind of promotional flyer as Topical was implying. 'Harry' could not put out anything like that because he does not have that type of news to report and because the NOMAD would never permit it. As was......

[gdavies2] 15/12/2020 12:48

Echoridge, I’m not sure that you understood Tops post. He was saying that rns was a good thing and that Harry should do similar for Kefi. Who is the ignorant keyboard warrior?