Kefi Gold And Copper Share Discussion Threads

[riotinted_specs] 17/2/2021 17:15

And importantly KEFIs Hawiah asset in Saudi is already considered a World Class Cooper asset with still much more exploration area to uncover. Would be great to get Saudi news soon - as this would provide a higher share price price platform from which to immediately rise 2x or 3x on the long awaited and expected TULU KAPI funding closure.

[belfastboyo] 17/2/2021 17:00

Wasn't suggesting it does need it...I was simply making the point that it is HIGHLY likely the price of copper will surge to record levels in the years ahead sooooo...anyone with a BIG copper mine should do very well....every dollar increase in prices increases value, reserves and resources If you read my BB posts you will see I am an LTI with a huge investment here & happy to hold longer term.

[donegal1997] 17/2/2021 16:54

I see Warren Buffet has closed the Berkshire stake in Barrick just a few months after they bought in.I wonder what his thinking was behind that?

[goatherd] 17/2/2021 16:53

belfastboy,

Actually with very high grades of copper Kefi should do very well; without ANY increase in prices or demand.

Of course they will do even better with the increases you suggest.

But I would hate anyone to think Kefi NEEDS these increases!

[belfastboyo] 17/2/2021 16:32

Apparently Glencore CEO just did a recent market presentation..which has 2 great slides...1. Showing Copper future/new projects at major low (due to lack of investment over 10 years due to poor prices/ROI on capex)....2. To meet 2050 Carbon goals likely copper require MTA's will have to double or more to meet demandSo low supply + huge increase demand = Kefi should do very well

[1deedee] 17/2/2021 16:22

Forgive my ignorance but just looked in today wondering why just after midday The Spread tightened any reason for this

[belfastboyo] 17/2/2021 15:55

Just another weak hand folding and one presumes the 4m shares going to a strong hand that wants to hold for much higher prices ahead...assuming Harry/BOD deliver TKGM funding before end March and share price goes x2 or x3 on positive news then I would love to see the look on all the faces of those selling at 1.8/2.5p a share in last few months....patience will imho be richly rewarded here but time will tell I guess

[rich1e] 17/2/2021 15:32

I can see volumes gone up but can't see the trade. Is there any time or trade flag attached to it?

[shortarm] 17/2/2021 15:03

When you need the cash you need the cash! Looks like it's being absorbed OK?

[rich1e] 17/2/2021 12:53

It's natural to be nervous Divmad, in the space of a day this is likely to go to either 4p or 1p.

[divmad] 17/2/2021 12:34

Ok. Good to know. I didn't try that. I'm just a somewhat nervous buyer when I see the offer size like that. Anyway, another 250k added.

[rich1e] 17/2/2021 12:30

Cheers rob

[rich1e] 17/2/2021 12:28

You can also sell a substantial amount at that price Divmad if you test it out

[robjm66] 17/2/2021 12:27

Kefi first in line for Saudi licences

Aim-listed Junior Kefi Gold and Copper is looking to build is presence in Saudi Arabia following the approval of a new mining investment law in the middle Eastern nation at he end of 2020.

Kefi first entered Suadi 12 years ago and - according to CEO Harry Adams the journey to date has been mostly “a pretty slow, frustrating experience”.

However, recent efforts by the Saudi government to overhaul its legal system-culminating in last years investment law as well as a number of changes to the countries 20004 mining code- have breathed new life into the sector.

Law firm CMS said the mining investment law reflected “a contemporary approach to the mining sector in the kingdom and in our view will encourage more mining and exploration fro,m outside or within the kingdom”

Kefi is clearly encouraged. Drilling which began in 2019 yielded a maiden resource at the companys Hawiah project in august 2020, and Harry Adams is keen to increase the companys exploration in the coming months.

“We expect to be the first company - or among the first - to be granted licenses for exploration under the new regs where only last month the portal opened for applications to be launched” said Harry.

“Its actually busting open now in Saudi Arabia and that sort of blooding - if we can put it that way - of having been there for 12 years and learning the ropes and building a team and building our database and understanding the geology, that investment of that 12 year period appears to finally bearing fruit” he added.

Kefis Saudi efforts are being undertaken in parallel with the development of its Tulu Kapi project in Ethiopia , on which Harry is confident of tying up financing by the end of March, with production due to kick off in the December quarter of 2022.

[katsy] 17/2/2021 12:23

Hope it's not Harry, what with travel restrictions, none of us can take out revenge on him.

[divmad] 17/2/2021 12:18

There's a size seller at 2p. I can buy at least 1.5mn there in one go. Hmmm.

[rich1e] 17/2/2021 12:10

Weekly resistance has to be about 2.15p, some way off that at the moment

[readyforcrash] 17/2/2021 11:59

'Volume picking up' only because the price is reaching the weekly resistance. Can we talk about something pessimistic like a guy who mentioned Harry doing an impression of a street gardener in Beverly Hills. Of course we shouldn't make assumptions because Harry might just have landscape gardening on his CV as one of his pastimes.

[robjm66] 17/2/2021 11:53

Copy of harry interview about Saudi mining licences.

[rich1e] 17/2/2021 11:41

Volumes picking up and the spread's tightened?

[scars] 17/2/2021 11:38

bots all over it controlling price moves.

[katsy] 17/2/2021 11:32

Despite all the buying, this is still dropping. Must be a large seller in the background

[you for coffee] 17/2/2021 11:27

Should have sorted out whether the locals are investing (or not) by now.

[rich1e] 17/2/2021 11:09

Put names to those finance partners tomorrow before the open, it'll be 3p by a quarter past 8. We'll all feel a lot happier.