Kefi Gold And Copper Share Discussion Threads

[goatherd] 27/4/2021 12:00

sorry for duplicate

[you for coffee] 27/4/2021 11:59

Thanks Rob for your efforts

Sounds promising!

[silver surfer] 27/4/2021 11:42

Cheers Rob, much appreciated.

[jlwilliams] 27/4/2021 11:41

thank you very much Rob

[robjm66] 27/4/2021 11:30

No problem.. redone with some missing words added and some spelling corrected.

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

Description of TK households will be moved third slide corporate overall picture..…kefi undervalued…getting on with it…should see share price with along with developments will increase SP…NPV doubled… due to metal price increase and increased share of TK and Hawiah progress

Steps for developing fall development…lead up schedules slipped but..still on target for full go ahead middle of year (government sign off) harry describing house road and electricity work…

Mid year kick off drawn down later of year debt comes in (basically no change from quarterly)

Metal price has changed outlook for Kefi, local companies that are internationally owned that are well capitalized (that cannot move money out of country easily) Finance improved to around 75 percent (important for shareholders)

Discovery in KSA Hawiah Maiden resource gets getting bigger and improved grades

Harry talking about covid…Logistics challenging but done well..security been an issue nationally but not at TK site…Kefi elevated security.. achievement to keep things on track extra measures to protect..Kefi will be countries biggest export company

Harry talking about covid…Logistics challenging but done well..security been an issue nationally but not at TK site…Kefi elevated security achievement to keep things on track extra measures to protect countries biggest export company

Harry saying sorry about delay admits he thought things some things would be done by this webinar (there you go topical)

Corporate development plan slide
Project robust…mining fleet investment by contractor….May milestones…Exchange of letters…pull together everything…need formal credit approval. Government already spending…March Ethiopian investors felt obligation to invite them they will have to commit in may like everyone else…kefi offtake needs to go firm in may....May is key month should be a string of announcements then June government and final sign off

Targeting development in Hawiah after things settle down with TK…NPV numbers…other slides 13…senior management committee experienced..

Slide 18 foreign companies in Ethiopia..Newmont230;other companies.. Bisha mine..Harry heads of mining association in Ethiopia…slide 21 covid and security in TK…Covid not as big a problem as in other countries (average age 18) security basically says incidents elsewhere but not at sleepy TK but kefi taking precautions slide 35 mineral resource NPV sensitive to scaling up liable to increase.

End of presentation slide walk through.

Questions..

TK what are the next share price moving announcements?…;.key steps on slide what happens in may and June…things happen to de risk project leading to fuller value..

Timetable thrown out by Ethiopians..only invited in march (?)..
Other events to throw out schedule rains election? Election no..wet season not relevant for financing.

country desperate to correct trading balance whoever is in power..

What caused delay… core syndicate sign up delayed due to reasons presented earlier..formal delays..just lead up delayed not other schedules.

Inter crediting deed executed? People who call shots are senior lenders no debating what terms its the last thing that gets signed any how.

Three steps in compensation and moving settlement first settlers comped in June second batch in jury third batch just after wet season..

Plant and machinery schedule yes possible to do..
Did Government align start of project to create good publicity….yes (lol) they would be delighted to see the mine progress just before election

Frustration of shareholders at delays…Challenge of first mover and other challenges…Company has tenacity to deliver…rewards are exceptional..harry spends most of his time in Ethiopia TK so close now you can taste it…

Funds raising? wrapping up everything in one go both sides of red sea kefi and Ethiopia funding in Ethiopia and ARTAR and in Saudi (post TK Deal)

Kefi enough clout to get project off ground?…highest risk capital already spent by Noventa and kefi to get to this stage..next money for development…mining contractor putting in resources..banks serious about delivery..local investors money to deploy money sitting in their banks has to be used in country..syndicate works because they care about country

New timescales firm? Unless some major event or black swan even timescales reliable.

Jibal quatman…Granting of licence delays…past problems no longer relevant for Hawiah…KSA needs money now as well due to oil price so political will is now there

Funding package end of June phase four will be covered.

Hawiah change of assumptions…you do not have to drill everything out to trigger development but can drill at the same time

Project big enough? Hawiah knocking on door..

Licenses slowly granted? Six projects sequencing cannot comment on commercially sensitive and it is out of kefi hands

JQ licensing when? Believe dealt with by ARTAR but no details.

Travel restrictions have not had a big impact yet…virtual meetings..relationships still strong and lots of Due diligence..Harry waiting to be vaccinated…clear success of drilling in KSA buy back bigger share of KSA from ARTAR…no. KSA extremely prospective though plenty of opportunities but strong partner means kefi in good position one third share of a giant pie rather than a bigger share of a smaller pie. Hawiah the smaller share will be bigger than the bigger share of TK.

Closing remarks testing but special time for company so hang in there things are turning for us.. shareholders deserve a break and stakeholders keen to succeed.

We will make it happen.

[estseon] 27/4/2021 11:25

Thank you, rob. Your running report, so difficult to do when listening, is invaluable.

I confess that I cannot reconcile the "75%" with the possibility of equity from the additional local investors unless they put sub-debt into KME or unless they put equity into KME but Kefi also does so, resulting in an uchanged net position.

What appears to be suggested (hopefully, strongly) is that kefi won't be issuing any more confetti before the sign-offs next month. With luck, the share price will rise sufficiently to enable a $10m contribtion to be raised through a dilution of c10%.

There is a suggestion in the Quarterly that Ausdrill is lined up to take some more shares.

Who knows? What is certain is that HAA must get this deal done. And it must be done before the big boys muscle in. That is where HAA's contacts with the government are somewhat important.

Kefi has the benefit of reserved exploration licences but I suspect that they will steam ahead with exploration, particularly completion of the exploration of the satellites within trucking distance of the mine, as quickly as possible to cement their position of favour with the government. We could be seeing a growing news flow over the construction period.

I see that Jeff Rayner is still there in the wings.

[tim_the_trout2] 27/4/2021 11:15

Thanks Rob.
I fell asleep when Harry started talking, he has that effect on me !!!

TTT

[belfastboyo] 27/4/2021 11:12

And I stand by my statements. the person who is not serving shareholders interests is the Exec Chairman who as far back as Oct 2018 in his Q3 operational update stated "Q1 2019: community resettlement along with detailed engineering & procurement to START 1st Jan 2019 & be carried out over the following 3 months"...when there was only 552m shares...so forgive me if I'm fed up with his BS

[robjm66] 27/4/2021 11:02

Well Estseon only a quick and dirty effort real analysis comes with your posts :-)

[rich1e] 27/4/2021 11:02

Cheers once again rob

[robjm66] 27/4/2021 11:01

Things that are not in the RNS but were in the Webinar are that some of the local investors are subsidiaries of bigger international companies that are finding it hard to repatriate their earnings so money just sitting in banks so not likely to have the same problem we had with ANS.

Also sounds like any cash raising will be post deal “when everything is wrapped up”.

Suggest anyone who has not done so catch up with the webinar in case I have missed anything and to just digest everything. Usually takes me a couple of tries for everything to sink guess I am getting old.

[taxlosstone] 27/4/2021 10:57

robjm6627 Apr '21 - 10:40 - 12201 of 12205
0 2 0
Think Harry did well shows the value of these webinars in fleshing out the details and general mood within the company when done right. (sorry for all the spelling mistakes).

You apologised last time but you still keep making mistakes!! :-)
Well done Rob. Very much appreciated.

[estseon] 27/4/2021 10:50

Brilliant, Rob, thank you. Your fingers must be out of breath.

[robjm66] 27/4/2021 10:47

hxxps://www.asktraders.com/analysis/kefi-gold-shares-gap-6-7-higher-on-new-corporate-strategy-higher-valuation/

[taxlosstone] 27/4/2021 10:47

Pleased that they have pledged to announce each funding milestone when they are reached rather than it is only done when it is all done. Hopefully that will push the share price up so that we do not have to raise equity with a placing at these derisory levels.

[robjm66] 27/4/2021 10:40

Think Harry did well shows the value of these webinars in fleshing out the details and general mood within the company when done right. (sorry for all the spelling mistakes).

[robjm66] 27/4/2021 10:38

Travel restrictions have not had a big impact yet…virtual meetings..relationships still string and lots of Due diligence..Harry waiting to be vaccinated…clear success of drilling in KSA buy back bigger share of KSA from ARTAR…no. KSA extremely prospective though plenty of opportunities but strong partner means kefi in good postion one third share of a gient pie rather than a bigger share of a smaller pie. Hawiah the smaller share will be bigger than the bigger share of TK.

Closing remarks testing but special time for company so hang in there things are turning for us.. shareholders derserve a break and stakeholders keen to succeed.

We will make it happen.

[shortarm] 27/4/2021 10:37

We are so close :-)Hang in there - we will make it happen x

[robjm66] 27/4/2021 10:31

Jibal quatman…Granting of licences delays…post problems no longer relevent for Hawiah…KSA needs money now as well politacl will is now there

Funding package end of June phase four will be covered.

Hawiah change of assumptions…you do not have to drill everything out to trigger development but can drill at the same time

Project big enough? Hawiah knocking on door..

Licenses slowly granted? Six projects sequencing cant comment on commercially sensitive and out of kefi hands

JQ licensing when? Believe dealt with by ARTAR but no details.

[belfastboyo] 27/4/2021 10:30

You must be confusing me with someone else...I have never stated how many shares I personally own here...only that I and a few others I know collectively I believe own c3%...moot point anyway...Unless he actually delivers TKGM funding it is all excuses and promissory notes again...deliver before June or he should go imho....I personally will not put up with any more Harry BS.

[tom barnaby] 27/4/2021 10:29

I dont know about taste it, but you can certainly smell it.

From a mile off too.

[robjm66] 27/4/2021 10:24

Frustration of shareholders at delays…Challenge of first mover and other challenges…Company has tenacity to deliver…rewards are exceptional..harry sepends most of his time in Ethiopa so close now you can taste it…

Funds raising wrapping up everything in one go both sides of red sea kefi and Ethiopia funding in Ethiopia and ARTAR and in Saudi

Kefi enough clout to get project off ground…highest risk capital already spent ny noventa and kefi tog et to thsi stage..next money for development…mining contractor putting in resources..banks serious about delivery..local investors money to deploy money sitting in their banks has to be used in country..syndicate works because they care about country

New timescales firm? Unless some major event or black swan even timecales reliable.

[katsy] 27/4/2021 10:23

Shortarm, I tell it how I see it, I no longer trust this man, I want out, I can't be more transparent than that! I want to sell my remaining load at 2p+, I noticed he closed his eyes with despare when the question of a fund raise was asked. £1m per month cash burn for a green field site doing nothing is alarming. Next RNS is fund raise

[mlangton1] 27/4/2021 10:22

Thanks very much for the updates Rob. Much appreciated.