Kefi Gold And Copper Share Discussion Threads

[whatnow1] 02/12/2019 07:35

On this basis and after taking into account that KEFI has already invested nearly all of its contribution to the Project equity, KEFI's 45% beneficial interest is US$130 million (approximately £101 million), about eight times the current market capitalisation of the Company.

8 TIMES CURRENT MCAP

[skiboy10] 02/12/2019 07:34

OT More news at KAV this morning. Looks like a massive sulphide discovery is getting closer.

Michael Foster, Chief Executive Officer of Kavango Resources, commented:

“It is most encouraging that the current drilling programme may have identified a magma plumbing system typical of those that host some of the world’s largest metal sulphide deposits.
If it can be established that the disseminated metal sulphides seen in the gabbroic sills are a primary feature, then there is an excellent possibility that economically viable metal sulphide deposits exist within the KSZ. The Company will continue to keep the market informed of all developments on the KSZ in the coming days.”

[smackeraim] 02/12/2019 07:33

On this basis and after taking into account that KEFI has already invested nearly all of its contribution to the Project equity, KEFI's 45% beneficial interest is US$130 million (approximately GBP101 million), about eight times the current market capitalisation of the Company.

[edgein] 02/12/2019 07:32

Wow great stuff this morning, shows how significantly over sold these are, cap not even £10m here. Upside on those new VMS is huge let alone the reserves at TK.

"This does not include further potential upside offered by exploration underground where extensions of the 5.6 g/t Indicated Resource remain untested, in the adjacent Tulu Kapi district, where several areas of drill-intercepted pre-resource mineralisation require follow-up and in Saudi Arabia where drilling is currently intercepting massive sulphides in a large Volcanogenic Massive Sulphide occurrence."

The current large reserves at TK are just the start.

Regards,
Ed.

[scars] 02/12/2019 07:27

We have been very well supported by the bond-lease proposal and now we also have an attractive bank-loan based alternative because capital market support for our Project has recently improved markedly, both inside and outside Ethiopia.

I don't trust finance directors generally but to me it sounds like the overall perception and financing view of kefi has improved and they have just chosen the more obvious bank loan facility as banks even in Africa tend to be more reliable. SO I would say a positive decision overall.

[shortarm] 02/12/2019 07:26

It's not good news! It's great news :-)

[smackeraim] 02/12/2019 07:24

The mine is being built. Simple as that.

[whatnow1] 02/12/2019 07:21

Funding Requirements Bank-Loan Bond-Lease
US$m US$m
On-site Infrastructure 106.3 106.3
---------- -----------
Mining 28.6 28.6
---------- -----------
Off-site Infrastructure 20.0 20.0
---------- -----------
Owner's Costs (community, working capital,
finance administration, costs & reserves
to protect financiers) 33.5 54.5
---------- -----------
Interest during grace and other finance
effects 17.3 32.8
---------- -----------
Aggregate Funding Requirements 205.7 242.2
---------- -----------


Sources of Funds Bank-Loan Bond-Lease
US$m US$m
TKGM Project Equity
-------------- ------------
- Government 20.0 20.0
-------------- ------------
- ANS Mining 38.0 38.0
-------------- ------------
- KEFI 10.0 10.0
-------------- ------------
Subordinated Working Capital Facility 17.7 - 27.7 14.2 - 24.2
-------------- ------------
Sub-Total 85.7 - 95.7 82.4 - 92.4
-------------- ------------
Infrastructure Finance 110.0-120.0 150.0-160.0
-------------- ------------
Aggregate of Funding Sources 205.7 242.2
Comparative Economics:
-------------- ------------
Net Cash Flow over life of Open Pit
Mine 379.5 313.6
-------------- ------------
Average Debt Service Coverage Ratio 2.8X 1.8X
-------------- ------------
Loan (prepayment possible) or Bond 7.5 years 9.0 years
Tenor
-------------- ------------
Average Cost per Year Over Life of
Loan 8.7 11.6
-------------- ------------ -------------- ------------
Getting better GAME ON!

[the charmer] 02/12/2019 07:20

The doubters and there have been many are due for a wake up call.

[scotty1] 02/12/2019 07:19

cybaajak as either got a agenda or is a total fool.this is a very good RNS and a far better deal than the other option.

[the charmer] 02/12/2019 07:15

Cybaajak.

Reread the RNS this is very good news and you know it.

[cybaajak] 02/12/2019 07:11

If it takes longer than 17 months to squeeze the FIRST Tranche of money from an Ethiopian Company set up PURELY to finance a large share in TKGM, how long do you reckon it will take the African Banks to pay up.

This has years added to the schedule without a final product.

I sincerely hope that Kefi goes bust and screws everybody over, ME INCLUDED. The only way to get you ADAMS Fanboys to wake up is to kick ALL the investors under the bus together.

[herschel k] 02/12/2019 07:11

Garbage.Project still starts in Jan 2020, but they are talking about having the full bank drawdown by mid 2020.Economics are now even better.Nothing in that RNS that's anything like what you're describing.I see it a very good news.

[robjm66] 29/11/2019 15:38

You heard it here first 'good', 'excellent' or 'incredible' results are expected followed by Jam (disclaimer maybe tomorrow).

[mam fach] 29/11/2019 14:14

Wonder today why some posters are interested in Kefi.
Very strange.

[cybaajak] 29/11/2019 13:11

Hahahaahh. Nice.

I'm expecting Assay results to slightly benefit the share price. Wether the results are 'good', 'excellent' or 'incredible' is relative.

The same way ANS funding have been declared as arriving on, or before a 'set-date, 9, or is it 10 times now ?

I'm expecting HAA to cripple any benefit gained, by dilution, by previous actions.

What are you expecting ? Jam today, or Jam tomorrow.

[robjm66] 29/11/2019 11:54

So you are expecting good assay results?

[cybaajak] 29/11/2019 11:42

As has been shown in the past, HAA has the habit of releasing 'good' news then within 24 hours, releasing 'Bad' News. It will all be 'beyond his control', 'unable to see the effect' and 'unplanned, as separate events'.

If history is any guide, and going by previous remarks as to the information due.. there will be an RNS with assay results, from KSA, pushing the share price higher, shortly followed by RNS with dilution for funding. Its the way he works.

And yes. The cash burn is important because $500k a month means that December and January WILL drain Kefi dry, unless something IS done.

[3690john] 29/11/2019 10:38

How long does it take to get answers to the Q & A on the web site?

[scars] 29/11/2019 09:56

At least it is not racing down like it normally does!

[shortarm] 29/11/2019 08:33

You'd be mad to listen to a Div!Now I get it :-D