Kefi Gold And Copper Share Discussion Threads

[pre] 11/11/2019 14:01

tremendous news just out...i had to re-read it several times. This is the start of the big journey...funding news to come and saudi arabia results could be a very very big surprise for holders:-)

[stoneme] 11/11/2019 13:59

I think we may see it rise more aggressively before that announcement All the action taken thus far underline it is not a formality IMOAs such, rerating will be assumptive.Trying to place a fair valuation on this company now. It certainly is multiples of where the share price currently. Opinions?

[edgein] 11/11/2019 13:56

The fact that expo is funded means its not all just a case of waiting for the construction and production. There's going to be quite a few holes and assays to come in at circa 5g/tn to get from 330k oz to 1m planned oz from below the planned pit. That means a steady stream of results and assays from Ethiopia and Saudi while we await the significant income stream from TK pit. I bottom drawered loads of these ages ago as it all hinged on the financing. Had to dust them off on Friday now that the last issue to financial close had been resolved. Action is about to start here.

Regards,
Ed.

[daar] 11/11/2019 13:55

Funding next and then whoosh! Multi bagger season!!!

[smackeraim] 11/11/2019 13:51

and that molatovkid was saying he would rather wait for KEFI to retrace 20% first lol.This was nailed on after last weeks news. It is finally happening after all these years. Time to ride back up imo

[stoneme] 11/11/2019 13:47

Bingo . . Great update. Exactly what we wanted to read. No stopping us now

[pilkersa] 11/11/2019 13:45

Still underwater but moving in the right direction!

[smackeraim] 11/11/2019 13:40

Flying time imo

[scrappycat] 11/11/2019 13:37

When actual funding money hits the KEFI account, this will blow.

[smackeraim] 11/11/2019 13:31

The time is nigh.. remember..Ethiopia is in the Government's recent words.. "Open for Business"..And...Kefi.."at US$250 million be the largest single export revenue generator in the country. "

[smackeraim] 11/11/2019 13:29

Maybe this time tomorrow!

[7rademark] 11/11/2019 13:26

Maybe this time next month Rodney

[robjm66] 11/11/2019 13:22

This time next year Rodney..

[robjm66] 11/11/2019 13:22

"He/she was financing Kefi or Kefi was financing his/her lifestyle future?" Considering they held onto a large wedge of Kefi stock (just under three percent) and are a long time shareholder both.

"Maybe some people will become millionaires in the future backing Kefi"

Maybe?

[7rademark] 11/11/2019 13:20

Saw the rns and expected not to be able to add at a reasonable price, delighted the market is slow to catch on so added more.

[scars] 11/11/2019 13:19

Nice jump long pause, Going up...

[cybaajak] 11/11/2019 13:17

Hey.. at least the last £250k in shares will be at market value replacement.. not 50% off from last week..

[cybaajak] 11/11/2019 13:15

The mysterious benefactor is just about to profit to the tune of £1.3m..

Use last weeks dilution and pay Kefi £657k.. get 103m shares at discounted 0.68p with market priced at 1.26p and with finance about to be closed from ANS that figure is only going 1 way...

Remind me again.. He/she was financing Kefi or Kefi was financing his/her lifestyle future ?

Maybe some people will become millionaires in the future backing Kefi but someone made over a Million out of Kefi over the past 3 months. Go figure...

[daar] 11/11/2019 13:13

Most probably already sold hence blue

[daar] 11/11/2019 13:13

Boom soon! Final conversion

[robjm66] 11/11/2019 13:06

"and this is the final repayment of all amounts outstanding under the Loan Facility." Thank F for that.

"As previously disclosed, its asset level partners are to provide US$58 million of equity in a staged investment into the Project, a proportion of which will subsequently be available at the KEFI Minerals plc level to fund Ethiopian-related corporate and exploration costs."

"The planned Project equity and subsequent debt closings are intended to have the effect that:
· Project subsidiary Tulu Kapi Gold Mines Share Company ("TKGM") becomes self-reliant for its gold mine development programme during that two-year period; and
· Ethiopian exploration programmes will also have been funded for that period of construction."
--
"· exploration assets in Saudi Arabia, where a drilling programme is currently underway and has thus far yielded encouraging results and the Company expects to provide further updates as results come to hand."

[jaylett] 11/11/2019 13:05

The ANS payment settling will obliterate any remaining overhang. So, so happy that this funding is dead and we can move on; it may have been needed but it was also severely punishing without the good news needed to generate buys to offset it. We now have the best of both worlds - a steady stream of company changing news with no forward seller taking the edge off any rise.

I am utterly convinced now that this will fly on the next big RNS. I've even broken my own pledge and topped up ahead of the ANS cash, because when this goes it will seriously go and I want in before it does.

[edgein] 11/11/2019 13:03

Matthew,

It sure is good news. As the NPV they highlight is only for half of TK, just the pit. We should be trading much higher than that alone. Also SA assets not in the price here either and they've a lot of expo ground. Its great that the Ethopian expo is covered after financial close of the funding. I had assumed that any more expo would have to be funded through additional equity or CLN's not the case, happy days.

Volume has been high since Friday, I'd expect a good day when they close on the financing. Should easily shift another few hundred million shares after that too.

Regards,
Ed.

[matthew stone] 11/11/2019 12:56

This is good news; assuming some of this has already been forward sold, but the rest may act as a drag on the price for a day or two? Does this mean we will find out who our mysterious benefactor is? They've gone over 10%.

[edgein] 11/11/2019 12:54

Loan converted and talk of the financial close. Interesting too that the finances arranged allow for exploration as well as construction.

"Ethiopian exploration programmes will also have been funded for that period of construction."

They think they can expand the underground element of the mine from 330k oz up to 1m. That would be roughly 2m Oz reserve when you take in the 980k oz from pit. Excellent stuff. Onwards and upwards.

Regards,
Ed.