Kefi Gold And Copper Takeover Rumours (KEFI)

If I had a fiver for every time someone on these boards said Kefi was a takeover target, I'd be able to make a bid myself. History tells us the latest end of Q1 target is simply a placeholder to buy time. They either don't know the remaining steps, or they're not disclosing them, because history also tells us it will inevitably come and go with no tangible progress. End of Q1 will then be memory holed and we're onto the next target date, with accompanying word salad.

Whichever it is Rob I have lost all trust in Harry.The deal will be done but the shareholders could still be stitched up and a takeover recommended by the board at a ridiculously low price.The board would not go unrewarded, but long-term shareholders might not reach their breakeven cost.I am okay because I have averaged down for 13 years.I just don't trust him he speaks with forked tongue as the Indians would say.

If i am reading this right in todays RNS and presentation they state Tulu Kapi revenue will be £101M per year for a minimum of ten years,that is based on $2600 gold price.And Kefi expected to retain an 80% stake,have to say i am looking at this as a potential portfolio maker now.I have held a smallish amount of these for a few months now but think i might go large shortly and maybe in the SIPP.Note they say in RNS that the 6.9p to 10.5p valuation is based on $2100 gold and not the current near $2700 and probably going higher.Surely this has TAKEOVER written all over it ???? From Rns : "Tulu Kapi's high grades and high recoveries offer the potential to repay all project finance debt from the estimated net cash flows of the first full year of production, at US$2,600/oz gold price. Moreover, at US$2,100/oz to 2,600/oz gold, Project NPV to KEFI shareholders is 6.9 to 10.5 pence per share, 12-17 times the current share price, ignoring our other assets."

Both banks agreeing to funding and/or increased funding is they key hopefully this month. This time next year kefi should be focusing on Jiblal Qutman and Hawiah maybe even some kind of Saudi listing after a successful one in Ethiopia (late this year or early next year). That's assuming the company does not have to fight off a hostile takeover bid between then and now. As for gold I will be watching to see if it hits my target that I made in April for just under 3000 dollars worst case.

"All mines and investments were successful except for the coal mine which was closed to prevent risk to personnel due to a spontaneous combustion underground fire. Q: In his Gold Forum presentation, the moderator was cut from saying that KEFI had “the secondâ€￾. The second what? A: The highest number of meetings requested by investors at the Gold Forum." Only Harry could have an underground mine that burns down to the ground joking apart obviously kefi is going to get more attention after Centamin takeover and with Saudi mining taking off.

htTps://www.proactiveinvestors.com/companies/news/1055876/centamin-agrees-1-9bln-takeover-by-south-african-gold-giant-1055876.html Get a couple of mines being built and five times present share price and I might consider it and only then because there are other undervalued miners out there and because of the time it takes me to follow and research kefi.