Kefi Gold And Copper Share Discussion Threads

[robjm66] 27/4/2021 09:38

Description of TK households will be moved third slide corporate overall…kefi undervalued…gettin on with it should see share price increase…NPV doubled… due to metal price increas and increased share of TK and Hawiah..

[robjm66] 27/4/2021 09:34

Harry explains what a kefi webinar is…..exciting time for company a lot of things have to happen in a short order..walk through slides of presentation…updating slides..just ten slides

[robjm66] 27/4/2021 09:31

Webinar start. you can jump to post 12213 for corrected version of commentary on Webinar.

[taxlosstone] 27/4/2021 09:31

You have to laugh. Very first page of the Corporate Update

27 April 2020 Professional or what? WHAT!!!!!!! ;-)

[riotinted_specs] 27/4/2021 09:29

Because on this board you seemed compelled to declare how many shares you have.

[robjm66] 27/4/2021 08:49

I missed out most of the presentation especially the Saudi prospects as need to have breakfast before the webinar but think most people were are interested in TK and Ethiopia right now and the Saudi prospects are more than on track.

[belfastboyo] 27/4/2021 08:41

Rio, not sure how you would know you own more stock than I? Yes I have been here for over 10 years as I initially invested in Centamin...who then bought a share in Nyota...I just didn't join the BB till later. I never short stock way to risky for my blood. On the investment..I actually share your view that Kefi could/should be a 20p-40p share but ONLY if Harry Delivers...I hope he does..I will wait till June but seek to call an EGM if he does not

[robjm66] 27/4/2021 08:08

Positive achievements and opportunities which have emerged since 2020 AGM:
• Metal prices are up. Spot (22 April) is $1,784/oz Au, $4.2/lb Cu, $1.28/lb Zn, $26/oz Ag. Cu up 50% since June 20; • Well-capitalised local investors have emerged, looking to re-invest in Ethiopia alongside Government and KEFI;
• Many mining companies have entered Ethiopia to be part of the industry’s renaissance, including new IPO’s;
• KEFI has improved the project finance plan to increase planned beneficial interest from 45% to c. 75%;
• We have preserved schedule to start full production at TKGM H1-2023 at 140Koz pa and later lift to 190Koz pa;
• We made a significant VMS discovery in Saudi Arabia at Hawiah, reporting Maiden Resource and Positive PEA; • We have triggered Preliminary Feasibility Study for Hawiah targeting development once TKGM has started up;

Well new Ethiopian investors going to mean Kefi gets less of a share but more skin in the game from the Ethiopians so more of a neutral development.

[robjm66] 27/4/2021 07:45

Think I can see how the webinar will go Kefi on track but been slowed down by various factors including reassuring consortium members and new Ethiopian investors wanting to get on board.

Not exactly shocking and from the members of the consortium that seem fully on board seems that it is only a matter of time till it gets over the line.

This progress has been achieved despite the following challenges having to be dealt with:
• COVID pandemic has led logistical restrictions and occasional KEFI site lock-downs;
• Ethiopian security incidents in other parts of have led KEFI to impose logistical restrictions and the Government to expand security systems. Plus our financiers have required extra reports, checks and balances.
• Finance closing timing and procedures have been revised several times to accommodate these physical realities.

..

Government has introduced heavy security systems around
Tulu Kapi as a precautionary measure.
• Tulu Kapi exploration camp has been in place for 15 years and
nearly all personnel are locals. Integral part of community.
• KEFI is progressively elevating security systems as
infrastructure and personnel installed at Tulu Kapi.

[robjm66] 27/4/2021 07:34

Seems inline with what we already know except the Ethiopian groups have money, term sheets have been signed by senior lenders, offtakers one of the big international companies so waiting on local investors and one big company.

Well-capitalised local investors have emerged, looking to re-invest in Ethiopia alongside Government and KEFI;
• KEFI has improved the project finance plan to increase planned beneficial interest from 45% to c. 75%;
• We have preserved schedule to start full production at TKGM H1-2023 at 140Koz pa and later lift to 190Koz pa;

May 2021:
Anticipated approvals by syndicate of the c. $300M project financing of TKGM:
» Mining contractor c. $70M finalise contract (submission received);
» Senior Lenders c. $140M formally approve loan details (terms sheet already signed);
» Equity-risk capital:
• $20-30M: Local equity into Tulu Kapi Gold Mines SC (TKGM) ie project company level:
• $20M: Government, for off-site infrastructure (binding contract already executed);
• $0-10M: Local Private (invited March, now need to commit if wish to participate);
• KEFI Group c. $80M:
• $15-30M: Offtake-linked subordinated into KEFI (terms sheet signed);
• $10-30M: Subordinated convertible finance into KEFI Ethiopia (from local investors owned; by strong international companies keen to support Ethiopia with their local profits. One has signed terms sheet. Others invited March and need to commit if wish to participate);
• Remaining balance to be finalised, and then sourcing and allocations to be optimised.

June 2021
Regulatory confirmations required from Government and from KEFI shareholders at AGM;

Trigger Tulu Kapi full development of open pit, (gold-silver);

[alrotuwa] 27/4/2021 07:27

Hahaha... it's also a next month and not next quarter / half... the timescales are no longer far reaching... brace for moon impact!

[goatherd] 27/4/2021 07:21

Interestingly this is NOT a RNS. It is a "NRN".

[robjm66] 27/4/2021 07:17

hxxps://www.kefi-minerals.com/files/presentations/kefi-corporate-pres-27april_2021.pdf

[alrotuwa] 27/4/2021 07:17

Slide 6 of the corporate presentation - most stringent timetable as to funding yet.

[donegal1997] 27/4/2021 07:13

Seems like from that presentation that we will not have financing finalised until the AGM in June. A lot of other positives though.

[donegal1997] 27/4/2021 07:04

Just a notification of the presentation today sadly

[riotinted_specs] 27/4/2021 01:51

And I own more than you BelfastBoy, and let it be clear - it is always the case - nigh on 100% of the time - that those that panic and give themselves ultimatums lose out. Frankly, It sounds like you will be one of those 100%. Or you can take your hand and check between your legs, see if you have got some balls and WAIT. In the meantime get back to that old KEFI proponent that we know and love - albeit seems only most recently that you are vocal. Which I turn is nothing short of bizarre and at odds with your claims to be such a long term holder. I mean to speak out so much - all of a sudden when you do not strike me as a quiet investor at all. So it does beg the question why the big voice now. Got be honest BB sounds like the spreadbet is going to expire. That is really what it smells like, dare I say the second or third time you have had to roll it over...... just saying based on your long term inactivity on this board despite claiming to be a long term investor

[digger2779] 26/4/2021 23:22

Hi belfastboyo - unfortunately I wont be able to listen in live either. I too have asked a question about his tenure which no doubt will be ignored.
Here's hoping for a 7am blockbuster RNS so he can be grinning from ear to ear before his adoring fans.

[organstop] 26/4/2021 22:34

Read Estseon 12107 again!

[belfastboyo] 26/4/2021 19:26

Great link Rob...sounds like gold & silver is heading to record highs very soon I suspect and copper at 10 year highs...if only we had a lot of gold, silver and copper and mines digging them out lol ?

[sussexlibran1] 26/4/2021 17:26

@belfastboyo - I would happily vote to get Harry out - I think his performance has been awful. No more chances, he has had WAY too many and not delivered on ANY of them.

[donegal1997] 26/4/2021 17:05

Lack of volume would suggest no RNS tomorrow. Going to a painful wait.

[belfastboyo] 26/4/2021 17:02

You don't lose money unless you sell at a loss...yes share price might go down with an EGM initially...but as an long term investor here (not trader) then again it might go up through the roof should a competent CEO be elected to the BOD...Harry Adam's is the primary reason imho we sit at a sub 2p valuation (40m market cap) when we have $3BN+ in the ground...mr market only sees more failure and more dilutions due to his incompetence and not a viable mine/mines but hey I pray he for once proves me wrong