Kefi Gold And Copper Share Discussion Threads

[smackeraim] 08/11/2019 16:23

Got another 200k finally

[scrappycat] 08/11/2019 16:22

cjm,

Plenty of traders around you mean. The mms are happy to let the traders play their game. They are getting paid anyway, and are happy to keep the share hovering at this price. It saves having countless deals if they allow the price to escalate, with small margins and a continual battle to find shares to sell. At the moment, all they have to do is drop the share price a little to get the traders cto sell and/or trigger a few stop losses. What's the betting that, when the RNS confirming the receipt of funding by Kefi is received, they gap the price up markedly. I estimate by at least 1p. There will be a huge number of trades anyway, when that RNS arrives on the scene.

Just my opinion, of course.

[smackeraim] 08/11/2019 16:20

Ignore the negative noise. This a game changing. You will see. Trying to add but not letting me buy grrr will keep trying

[andysand] 08/11/2019 16:11

Are you really making a judgement on one days trading?? I don't know whether it will close up, down or the same. But I suspect there will be fireworks coming in the next 10-14 days.Andy

[cjm681] 08/11/2019 16:00

LMFAO! After all that hype it's going to close down. Same old rubbish - no ANS money and plenty of sellers around!!

[the charmer] 08/11/2019 15:56

Getting rid of the last sells.. before moving up in anticipation of next week!

[smackeraim] 08/11/2019 15:36

Honestly the more I read about this, the more excited I get. Been adding all afternoon on dips.

[mam fach] 08/11/2019 14:56

Been watching KEFI for years.
They do remind me of SOLG.
Think lowest to buy here probably .07ish ?
At current price that's not so much of a premium.
You can never buy on the bottom or sell at the top.
So i have ventured to buy yesterday and a further top up today.
Weekend press and a possible RNS might make holding out till Monday too late?
Interesting to see if current price can hold @ close.
GLA

[run12] 08/11/2019 14:20

All we need it a positive press report over the weekend and this will spike on Monday. Considering the RNS this week that is quite likely.
The phrase "you have to be in it to win it" will be quite apt.

[riotinted_specs] 08/11/2019 13:28

In for another 1,018,000 shares. Very exciting times.

[smackeraim] 08/11/2019 13:05

Read that line again from Mining Review., make your own minds up based on yesterday's news! "the largest single export revenue generator in the country"

[edgein] 08/11/2019 12:51

Smack yes looks that way:

-Process plant capacity increased to 1.9-2.1Mtpa.

-For the first seven years of production from the open pit:

-Gold production to average 140,000 oz pa; and

-Net operating cash flow of US$73M pa (at a gold price of US$1,300/oz).

-Total forecast gold production remains 980,000 oz from the open pit

-All-in Sustaining Cost remains less than US$800/oz

Looks like future dividends to me, also bring on the Saudi assays, two major projects would be better than one.

Regards,
Ed.

[smackeraim] 08/11/2019 12:48

Edgein ! sorry missed the e

[smackeraim] 08/11/2019 12:45

Yes gotcha edgin .. this is what they call a slam dunk now imo

[edgein] 08/11/2019 12:43

Smack,

That post misses one major fundamental point too:

"In June 2015, KEFI completed the 2015 Definitive Feasibility Study (“2015 DFS”) which evaluated a conventional open-pit mining operation and carbon-in leach (“CIL”) processing plant at Tulu Kapi."

Key statement in the above is conventional open pit. Its not just the much higher grade at KEFI more imporantly than grade is its near surface its not hundreds of metres below ground. Mining costs for open pit vs underground are substantially less.

Its why I hold a wedge of these. TK is of national significance to Ethiopia and will pay a major role in their economy. Supported by the fact that their government is a direct investor/funder for the project as well as their banks. Market cap in no way reflects these factors. I'll be here until they do.

Regards,
Ed.

[the charmer] 08/11/2019 12:43

Well this is a bit of a roller-coaster today. Strap yourselves in.... for the ride of your lives!!

[smackeraim] 08/11/2019 12:42

Agree mate, yeah..But right now, there is a clear route to revenue and huge backing from the government who have been screaming "Ethiopia is open for business ".. I honestly believe that this is going north, and without the billions of dilution in shares of others

[pre] 08/11/2019 12:40

Great find smackeraim, we also have results pending anytime from Hawiah Exploration Licence in Saudi Arabia, where kefi said:

"This first drill intercept of massive sulphide confirms our exploration model and reinforces our confidence in the area's high prospectivity for gold and copper.”

[smackeraim] 08/11/2019 12:34

Starbuck posted this on LSE yesterday.. seriously must be considered here!! --The grades here are world class .If we compare solg which had a m cap of over 500 m still in exploration their grades (AVG) was 1.3 g/t .Kefi grades are (AVG) of 2.3 g/t .That's around 13 tons of ore per Troy Oz compared to 30 tons at solg.Process costs of 200 dollars per oz.With gold at 1389 a Oz that's some profit.105 m oz at market value of 1.56b.All the permits and finance imminent. Production in 2021.This is a screaming buy at 9 cap .

[pre] 08/11/2019 12:29

one thing for sure is that this project is going ahead, news next week should see us much much higher imo. The churn has allowed sellers to depart and now has formed a solid base from here imv. Current mkt cap is way too low.

[smackeraim] 08/11/2019 12:26

Look at the volume last two days. It tells you everything. It the largest in a decade .. wait for the news and boom time imo

[goatherd] 08/11/2019 12:11

rumobejo8 Nov '19 - 11:59 - 62624 of 62625 (Filtered)

[robjm66] 08/11/2019 12:10

Trolls keep trolling.