Kefi Gold And Copper Share Discussion Threads

[topicel] 19/5/2021 15:21

Goatie - so you don't think Harry thinks the EG is "worth its salt"?

You can't have it all ways. Either Harry is best buddies with them or he isn't. Either Kefi has let them down or not; either they have some influence in their own country if, being such good mates with Harry, he tells them some local investors are causing hold ups and could they kindly refrain from blaming Kefi and influence the real prevaricators...

Topicel

[riotinted_specs] 19/5/2021 15:11

Gold pushing 1890

[1deedee] 19/5/2021 14:52

Gold looking positive

[1deedee] 19/5/2021 14:52

I've never seen such carnage on cryptocurrencies then today, people piling into safe haven gold let's get this together now is the time

[shortarm] 19/5/2021 14:09

He means Tom Winnifroth I expect, I imagine delta has lost his pocket money repeatedly.....

[scrappycat] 19/5/2021 14:06

delta,

Which part of RTS's post due you consider to be untrue. As far as I am concerned, and I am a very long term investor here, it reflects the status quo admirably.

[riotinted_specs] 19/5/2021 13:59

Nothing short of absolute carnage for Bitcoin and the entire cryptocurrency market today. Gold holding strong as the only truly real money. Copper too.

[delta0091] 19/5/2021 13:49

tommy has been tipping this dog over and over and over again.. going back pre-consolidatio price of 60p+. The guy is a genius at picking stocks that one should avoid.

[scrappycat] 19/5/2021 13:40

RTS,

I really have to congratulate you on that effort, RTS. Quite a tome of a post, and expresses the virtues of a Kefi investment superbly. All we need, is to get the show on the road. I an sure that all fervently hope that this time they make it, and the funding issue is finally settled.

[riotinted_specs] 19/5/2021 13:08

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 imminently expected - 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 also the 40 kilometre, 130 GW connection to the recently opened hydro-dam is now 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 that 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 bolsters confidence that the project will go forward. Also, 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 KEFI assets in the Saudi part of the Arabian-Nubian shield. In fact this is what initially attracted most long term investors, many of which 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. And in the last several weeks with successful drilling that the inferred resources have doubled. 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 730K 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 copper price has recently hit an all time high and is set to go plenty higher high - 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 and hold their position despite their grumbling. Welcome to KEFI GOLD & COPPER - please do ask questions.

[belfastboyo] 19/5/2021 13:02

Seems like there may be a lot going on behind the scenes in EG that none of us can possibly know or fully understand...so I'm not sure if our cup is half full or half empty atm...what seems clear though is the EG needs/wants some good PR & good news. one hopes that final closure of funding on the $300m USD TK project before end June that will produce $250m pa export revenue would be considered as such...

[riotinted_specs] 19/5/2021 13:00

Sure thing Taxloss I will post it now

[delta0091] 19/5/2021 12:38

Ethiopia postpones elections indefinitely over logistical issues

www.france24.com/en/africa/20210515-ethiopia-postpones-elections-indefinitely-over-logistical-issues

[delta0091] 19/5/2021 12:33

And now elections postponed indefinitely

[delta0091] 19/5/2021 12:32

The government is fighting a protracted conflict in the northern Tigray region and Abiy faces an election in June amid insecurity in much of the country.

Ethiopia has shown further signs of strain by asking for debt restructuring under a G20 framework to help countries battered by the Covid-19 pandemic.

“Two licences, two bidders. This is not a tender,” said one frustrated potential investor. Asked if the meagre interest showed lack of confidence in the government’s liberalisation effort, the person said: “When nobody shows up how else do you interpret it? When you refuse to write a cheque, you’re making a statement.”

The government has indicated that, if financial offers fall short of expectations, it might retender the licences. Ethiopia also plans to sell a 40 per cent stake in Ethio Telecom, the state monopoly, later this year.

Eyob Tolina, the state minister of finance, told the Financial Times last year that the sale would be very competitive. “This is going to be the deal of the century. It is the last frontier as far as telecoms is concerned,” he said.
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“When the plans were initially announced, we saw excitement across the board. But now the radical transformation of the country’s political and economic landscape is presenting a host of uncertainties,”; said Margarita Dimova, head of intelligence at strategic advisory firm Africa Practice. “Those ready to commit to a long-termist view of success, and in the short-term — to sharing infrastructure with Ethio Tel — are unsurprisingly not many.”

One company that had considered a bid but ended up pulling out said the process had been opaque with little information on vital topics such as the price for accessing infrastructure. “You’re totally blind . . . you don’t know how you will invest, how you can take your cash out, and if you will have access to the foreign currency from the central bank,” he said.

[rich1e] 19/5/2021 12:31

There's a bit of it about today, Kefi's looking like a safe port in the storm

[delta0091] 19/5/2021 12:27

One thing Investors hate is instability

[delta0091] 19/5/2021 12:26

Ethiopian telecoms sell-off flops in wake of economic and security concerns

Investors worried about opacity, restrictions and political instability

www.ft.com/content/42a1d76b-d171-4c77-9066-bf2c5c45a82d

[goatherd] 19/5/2021 12:11

Tops,

What makes you think the Eg is "worth its salt"?