Kefi Gold And Copper Share Discussion Threads

[richjj] 19/4/2021 13:13

Not sure if everyone has seen this and I guess nothing new in its content for us however good current publicity I think

hxxps://www.thearmchairtrader.com/kefi-gold-copper-share-price/?amp

[marnewton] 19/4/2021 12:22

GOLD...has confirmed the 'double bottom' (a trend reversal) with some panache. It hasn't strayed below the rising 8 day EMA for more than a day, and the crossover with the rising 21 day EMA occurred over a week ago.

KEFI...largely remained in the one year ascending channel (arithmetic chart) despite the recent tumble. It only fell below the rising (so support) 200 day SMA for one day and currently is trying to sneak back above the 50 day SMA.

The really big picture 'rounded bottom' (best seen on weekly or monthly charts) was never in any danger.

M

[robjm66] 19/4/2021 11:56

hxxps://www.thearmchairtrader.com/kefi-gold-copper-share-price/

Extract though worth reading the whole things

“ The finds in Ethiopia have generated a lot of investor interest, including from the Ethiopian federal and regional governments, while Ethiopian private sector groups also are expected to commit funds in May. Both the Ethiopian and Saudi Arabian governments are now boosting their mining sectors with reforms to develop their economies and attract inward investment. For example, in June last year the Saudi Arabian government approved a Mining Investment Law, to help the country’s mining industry, and expanded the role of the Saudi Investment Development Fund specifically to support mining project finance, which may prove useful to the Hawiah Project financing.”

[scrappycat] 19/4/2021 11:42

I doubt that that many actually jumped. The MMS certainly wanted PIs to think there were. Of those who jumped, I suspect many will have bought back in, having seen the way
the wind is blowing.

[shortarm] 19/4/2021 11:34

What I mean is lots of people jumped off the roof last week. Selling at 1.7 and below.Since then, up, up and up...... The belief is building methinks.

[katsy] 19/4/2021 11:26

Nothing to say whilst we wait for another deadline of June. Come back 1st July to see if we have any update.

[shortarm] 19/4/2021 11:20

Is nobody saying anything because they don't want to jinx it??

[estseon] 19/4/2021 08:24

I think that the Ausdrill/Perenti subscription in Kefi shares referred to in the RNS might provide at least some of the cover.

However, the main funders are clearly very keen to get this project going and the senior debt providers have increased the facility from $110m to $140m since they were first brought on board. They might even be willing to increase that further but the funding package has to be kept within the central bank debt:equity ratio, hence all of the chasing around for equity participation.

[neilng] 18/4/2021 20:50

From 14.4.21 RNSEthiopian private sector organisations which have expressed interest to also invest in TKGM are expected to commit in May in time for the settlement of equity funds mid-year;o the KEFI contribution funded by subordinated debt from the Ethiopian subsidiary of likely more than one multinational industrial group and product offtake-linked subordinated finance (for working capital and for a standby) from an international metals trader.I read the (for working capital and for a standby) to cover any shortfall due to the locals not coming up with the funds.What else would a standby be to cover?It must be plan B.

[sussexlibran1] 18/4/2021 20:01

@pjackson2 - yes, it almost certainly IS the same folk who messed us around last time. But it's OK, because @shortarm says so.

[pjackson2] 18/4/2021 19:57

What worries me is these local investors. Are they former members of ANS who messed kefi around for years. Deadline could come again and as usual still have no money so stall it again.

[shortarm] 18/4/2021 18:18

This may be a surprise, probably is but you NEED local support!!!! Especially from ex military and high level officials!!!!? What is it that you do not understand???? Except why you put your fifty quid in here! FFS!

[sussexlibran1] 18/4/2021 17:02

@shortarm - the Ethiopians LOVE Harry - he is such a pushover! Despite saying local involvement wouldn't delay funding, all it took was for a few of their "friends" to want in, and...yup...more delays! What happens in May when another one of the corrupt cronies wants a bit of easy cash?! Yup....even more delays. But Harry is SO accommodating, right? Yup, they love him alright. He is the gift that keeps on giving.

[charles clore] 18/4/2021 16:38

Harry is the key player here and MUST be allowed to carry on through to a financial conclusion. Imho if he was removed it would be disastrous for the share price

[shortarm] 18/4/2021 16:33

Harry is properly in touch with the Ethiopian government and as far as I'm concerned is the only man for the job at this stage!

[bahamarama] 18/4/2021 15:33

RioTinted...Sir/Madam/Other - thank you for bothering to put together a post so full of 'stuff' we can all cross-check, consider and agree or disagree with, as is our right. You provide mostly positive insights into the company and its position and potential. And most here (being investors) will be grateful of the comprehensive breakdown you have obviously researched. I certainly am.

[sussexlibran1] 18/4/2021 15:09

@shortarm - TK and Saudi may never "be going great guns" unless Harry can pull his fat finger out and deliver something.

[sussexlibran1] 18/4/2021 11:49

@belfastboyo - I am in agreement - end of May - if there is any sniff of another delay to funding then Harry MUST go - I mean, how many chances do you give an overpaid, over-promising under-delivering CEO? I initially invested in 2012 - so after 9 years I'd like to see this millstone round my neck removed. Here's hoping Harry can FINALLY deliver by this new deadline.

[riotinted_specs] 18/4/2021 11:12

To NEW INVESTORS of KEFI GOLD and COPPER.The TULU KAPI gold mine formally received the green light from the Ethiopian Government (EG) in November 2019. There are to be no more permits, environment, security, economic or social considerations. The DFS has long been completed and the mine will open. Full final financial closure is expected to be imminent - no later than this June as expressed in the latest RNS . All documents are sitting with the Board with terms sheets already agreed awaiting approval of all final terms. This is a well established consortium that includes two of the mightiest African banks. The full funding amounts to 300 million much of which is in the form of bank loans.The EG are currently constructing critical transport and security infrastructure directly attributed to this mine. This includes roads, an airport, and the 40 kilometre, 130 GW connection to the recently opened hydro-dam is nearing completion. All courtesy of the EG. The TULU KAPI mine - on its own - when in production will be the single largest net export revenue generator in the fastest growing country in Africa. It's no wonder the Nobel Peace winning EG Prime Minister is directly involved and has had his hands all over this project. And nor is it a surprise that for extra care the military will be securing this very prized asset. The current declared TULU KAPI NPV is at bare minimum 10x multiple of our current market capitalisation. This stock is grossly undervalued even when solely based on the TULU KAPI NPV for this single JORC Certified Gold asset. Even a 10x current valuation doesn't take into account all the other KEFI assets. It doesn't include the equivalent gold mining opportunity directly below the TULU KAPI mine with an additional 1 million oz of gold. Nor the surrounding 1000km TULU KAPI catchment area where KEFI have first pegging rights. And we all know well where there is gold there is more gold. KEFI have painfully earned this first movers advantage and when we look at subsequent KEFI 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. These assets will all be within trucking distance. Regarding humans, never have I seen such a boot strapped social contract. 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. The kit houses have been ordered which further shows huge confidence that the project will go forward. There is a clear mandate to employ Ethiopians and as such the Australian Mining Council, headed by our CEO, has been set up to educate and train locals.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 particular Arabian-Nubian Shield belt geology, they are, without question the very, very, very best - evidenced by the huge pioneering successes 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, which has now very much so been 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; not least the bureaucracy of being the guinea pig and ultimately the co-creator of regulation for a sector to which the Ethiopian Govt are now highly committed.And of course there are the phenomenal Saudi Assets in that part of the Arabian-Nubian shield. This is what initially attracted most long term investors of which many are still here. It is looking like it will be upwards of 5 times of what KEFI have in Ethiopia. In just 7 months of drilling SAUDI HAWIAH has now been declared as a World Class Copper asset. In short KEFI have uncovered an easily accessible, shallow depth, VMS Volcanic Massive Sulfide. A BIG mineral NUGGET which is incredibly rich in highly concentrated copper. As was quoted, it's shaped like a mattress on its side with an initial PEA complete. And even more assays are to come shortly as we continue to discover just how big and long this mattress. And low and behold, there are five more additional huge nuggets. Let's hope they too are world class copper assets. And then of course there is JIBAL QUTMAN also in Saudi - another 700K ounces of gold. It will be incredibly profitable and quickly fund all sorts of future KEFI exploration and development costs. Its open pit and all in sustaining costs could not be lower at 600 USD per oz. Easy open pit stuff - just need to grab a shovel. The Saudis are - and will - continue to be an easier and less bureaucratic nation to deal with from a mining and resource perspective. They are much more sophisticated and accustomed to such foreign investment and have been so for over a century in the oil sector. Here again KEFI have first pegging rights that far exceed the specific area we are currently exploring. Early findings have copper grades upwards of 5 percent. This grade is 10-fold to that of many, if not most, of the world's largest existing profitable copper mines. Incidentally those senior global players will now go deeper into existing pits at much higher costs and half the grade to that of what they are doing now. So the profitability of shallow depth combined with high grade copper has an exponential impact on profitability. All at a time when the worlds copper supply is dwindling, demand is increasing with peak Saudi oil production long past. Hence the large government sponsored mining initiative that loans up to 75% of mining exploration and development. So KEFI would be on the hook for only 35% of that remaining 25%. Our extremely well connected Saudi partner, global conglomerate Artar footing the bill for the remaining 65% of the 25% - so not a huge capital outlay. Also, we are moving to an electrified world and away from fossil fuels. Exactly what Saudi Arabia needs and to note but a few examples.. electric cars, busses, and charging points, solar, wind and any renewable energy, the ambitious Chinese Belt and Silk Road infrastructure initiative with transport re-infrastructure across 68 countries. Add to that the imminent multi trillion dollar U.S. infrastructure bill to be passed shortly by Biden and the Democrats who now control all legislative branches of government. And with the Democrats there will certainly be a lot more copper dependent green energy. Copper, copper, copper.I reiterate my 6-9p forecast on news in hours / days, 12-15p near term rerate and minimum 40p within 15-18 months. I do not see any patience required for those that have invested from the mid to long term as we have this in spades. But for recent entrants, hold your position, then continue to hold - it will not be long now. And with rising inflation and unparalleled monetary and fiscal policy the price of gold now moving upwards. The the copper price is at a 10-year high and rising - it will be one hell of a ride. You are coming in at a phenomenal price that will be much better than many of the long term, seasoned investors who remain excited. Welcome to KEFI GOLD & COPPER - please do ask questions.

[riotinted_specs] 18/4/2021 11:04

Bad idea Belfast - https://youtu.be/mGfBEnBw01A

[riotinted_specs] 18/4/2021 11:01

He refers to either first or second cab off the rank for Saudi assets. Regarding TULU KAPI in Ethiopia we are first cab off the rank