Kefi Gold And Copper Share Discussion Threads

[topicel] 05/5/2021 18:02

And even with more shares in issue, perhaps a different share price?!

Beyond 5p anyhow ;) Just another couple of years then, lol.

Topicel

[estseon] 05/5/2021 16:27

rob - don't disagree but that is what I have read. They buy derisked assets to add to their reserves.

Don't know about ARTAR and 'too small'. There might be some sparks if they are pushed into a JV with the likes of Barrick. However, there has been rapid change of the Hawiah project over the last 6 months or so because of the successful drilling.

Once Kefi gets TK financed, there should not be funding issues in the future. The will need about $19m capital for the Hawiah mine if the Saudis provide 75% debt finance. But TK will be near production by then and Kefi will be a different company.

[pensionplanner] 05/5/2021 14:21

Estseon

Yes I appeared 30th March, not someone who would usually inhabit a bb but thought as it its AIM share I could pick up snippets of news, as often the AIM grapevine leaks.

I'm here for the long term, have quite a substantial holding, but also mindful of some of the tricks played on AIM and the quote attributed to Mark Twain

"A mine is a hole in the ground with a liar standing next to it."

I have seen various incarnations of the above quote.

Asset wise Kefi looks to have a good foothold with licenses hence my investment.

You will never see me try to knock an sp, I don't have time or inclination to get involved in games.

In my opinion Kefi could literally have an exponential rise in its share price and no doubt along the way pick up other assets. The sooner the better, but once a little success occurs and for example the finance is sorted, it will be re rated and then we will see very good returns.

[robjm66] 05/5/2021 11:33

Estseon any predator would have to pay a multiple of the present market cap if they waited that long best time for them to pounce would between TK finance go ahead and before mine is built or too much progress is made in Saudi.

As for Artar harry did say in one of his webinars that Artar did have some doubts over Kefi as Kefi was so small, think harry said to them something like kefi was a three or four million company then a thirty or forty million company and he expected it to be a multiple of its present size again further down the track.

Guess Kefi could split its operations its projects being financed at project level makes it easier and the company could make the case its the best way to get fuller value recognised by the market.

[marnewton] 05/5/2021 11:20

Copper...

hxxps://moneyweek.com/investments/commodities/industrial-metals/603192/copper-price-copper-bull-market?

[estseon] 05/5/2021 11:12

rob

unlikely before completion of construction in Ethiopia and welcome of a predator by ARTAR cannot be presumed. More likely would be the split of Kefi and the retention of the JV with ARTAR.

[robjm66] 05/5/2021 10:57

Be easier for any bigger mining company to takeover Kefi than start from scratch in Ethiopia especially when they would get the Saudi prospects thrown in.

Other route is to let Kefi do the heavy work then Joint venture with them then take them over a bit down the track. They could put someone slick in charge and keep harry on as a advisor.

[theaviator] 05/5/2021 09:50

Best not to read the obituaries before you get out of bed mate lol Looking good here tbh. This is the most secure I've felt with this one.

[scrappycat] 05/5/2021 09:44

PP,

With respect, I am not the slightest bit interested in what other governments might do. The EG will be well aware that it is they who have caused the funding problems in the past, but the way now seems clear to overcome that problem, and time is important to them from the foreign currency point of view, I imagine.

[pensionplanner] 05/5/2021 09:34

The problem is they don't pull the plug, they just pass the license to someone else with more clout and a bigger envelope.

Luckily these days there are international courts who can bring such actions to account.

I'm not suggesting for one minute it will happen to Kefi or Harry, but it does happen where governments change or countries think the idea and plans are great so think they can earn a bit more by pushing someone else out.

[scrappycat] 05/5/2021 09:31

This will be a huge foreign currency earner for the EG, and I think there is no chance that they will pull the plug on mine development. They still have insurrection problems in the north of the country, and this is a continual and ongoing drain on their foreign currency reserves.

[pensionplanner] 05/5/2021 09:22

the biggest threat is if Ethiopia believes harry can't sort the finances, as they will want this politically and financially. Even if they are part responsible for any lack of finance, it will not go down like that and these countries have a tendency then to try to pull licenses on the pretext of lack of progress.

Arc had to put a disclaimer RNS out yesterday in a similar vein.

[divmad] 05/5/2021 08:31

Just one such announcement would kick-start a positive sentiment here and confirm TK really is going to happen.

[riotinted_specs] 04/5/2021 21:16

Should see a steady share price rise from here. My expectation and hope is that the share price will rise to as high as 3.5p pre final financial closure news. It has now been pointed out by THE CEO that there will be a series of TULU KAPI funding announcements leading up to the official financial closure.

[belfastboyo] 04/5/2021 17:23

This is not the "real" price for gold Deedee..but the comex price... which is arguably a big bank paper pricing scheme....you can't buy a real hold in your hand ounce of gold for less than $1875/oz...so a $100 USD premium...as inflation kicks in, then gold/PGMs will likely surge as yield curve control will likely become inevitable imho at some point soon as CB's cannot tolerate rapid or 10'to 30 year rising bond yields so I fully expect $2k++ AU before end Q2 2021...

[1deedee] 04/5/2021 15:04

Which is pretty good timing considering what's going to happen

[1deedee] 04/5/2021 15:03

I know I keep on about gold but it's doing really rather well today, should be $1,800 in a minute.

[scrappycat] 04/5/2021 13:41

If Harry has lined up all the ducks, and finally gets them quacking, I couldn't really care less how much he benefits from it. With all the shares in circulation, he, and his family, own but a relatively small percentage. In any event, if he gets very rich from it, I, and my family, will also reap handsome rewards.

[robjm66] 04/5/2021 13:34

Well you could argue that harry has tried every option till he found a mix that worked so full marks for tenacity.

As for gold its price being a lot higher has maybe opened up option's that were not there before.

Also has been good progress in the KSA that might be being overlooked now but will not be overlooked forever especially with the high copper price.

[shortarm] 04/5/2021 13:28

Can somebody put Cyba back in his box?Nice of him to pop out to educate us about the error of our ways though!Maybe we should all sell as well? :-)

[cybaajak] 04/5/2021 13:23

...progress..1. 2017/18 was a Bond fm Zurich Bond Market2. 2019/20 was a 'creditable group of Ethiopian Bankers & associates'3. 2020/21 is a "better" group of wealthy individuals who belueve in Adams dream.(Footnote of sceptiscism.. where does he find them..)And since 2017 the same progress has been dilution from 240m shares (AFTER a 17 for 1 reduction) to 2.1 billion shares.. So progress = no gold just bigger promises.

[robjm66] 04/5/2021 13:07

Cybaajak Think people are happy (or happier) for big rewards if progress is being made and it looks like it is.

With the options "This is the first such allocation since 1 February 2018" The Company’s practice over many years was to make an annual allocation of options at the end of each calendar year. However, allocations in recent years were deferred pending the announcement that the project financing was proceeding for the Company’s Tulu Kapi Gold Project.

This suggests that TK will get over the line so shareholders will be deliriously happy when that happens though of course the people with those options will make out like bandits at the exercise price.

Harry said he has put more money in than he has taken out others have taken shares rather than wages or deferred wages in the expectation that TK will get over the line and Kefi will thrive.

Personally when this gets over the line and kefi thrives it will be life changing money for me not yacht and buying a mansion money but then I get sea sick and cleaning all those rooms would be a hassle so happy to leave the yacht and mansion money to others.