Kefi Gold And Copper Share Discussion Threads

[oilisgold] 20/1/2020 17:02

Nothing to worry chaps. Next Monday or Tuesday is when i expect the money to arrive. Nothing to panic. Yeah its frustrating but it will all come to frutation.

[scrappycat] 20/1/2020 16:59

It pays to remember that the EG are responsible or some of the infrastructure (e.g. road, electricity supply and relocation). WE have no real idea, afaiaa, as to how this is progressing. Thus, even when funding actually commences, we may not be quite ready for the firing of the starting gun. Let's hope all systems are go, when the money is actually deposited.

Still, even if it is not yet completed, this should not affect the share price rise imo, as this will be dependant largely on the JORC estimate.

[shortarm] 20/1/2020 16:58

You're a nervous Nellie!:-D

[taxlosstone] 20/1/2020 16:33

Call me a Nervous Nellie but I'm beginning to worry that we'll have to enter a further "death spiral" deal before ANS manage to get their pen top off. I shouldn't worry really because the shares in issue have only gone up from around 400 million when the "deal" with ANS was announced to approx 1,150 million presently. I guess some money up front didn't cross Harry's mind.

[oilisgold] 20/1/2020 15:54

Dont forget the placing shares are still being sold. Hence its carefully being managed

[oilisgold] 20/1/2020 15:52

Spot on. We know money is coming and when it does it be all systems go.

[scrappycat] 20/1/2020 14:54

If Harry has got any sense, and I am sure he has, he will not interfere with the natural progress of things - tortuously slow though it seems. He obviously has the trust of the EG, and will not want to do anything that may jeopardise that position. What is a few more days in the grand scheme of things. The money is coming, and that, ultimately, is all that matters at this time.

[peverill] 20/1/2020 13:57

They don't want to let go of this money,despite the positive noises of the Ethiopian Government,come on Harry,sort it out.!!

[bejubiant] 20/1/2020 01:57

I fully expect there will also be a solid share price increase when a) the Senior/Term debt funding package is formally agreed by the Ethiopian banking syndicate.. b) Subsequent funds are injected at the project level.
Big fortnight ahead. GLA.

[robjm66] 19/1/2020 20:34

Prefer to see ANS news then good news out of KSA rather than the other way around as I think that will give the biggest share price increase. Longer term expect a steady tick over of news of exploration areas in KSA and Ethiopia.

In Ethiopia Kefi have a big area and prospects near TK in KSA had a whole portfolio of exploration area applications. Biggest problem likely to be what opportunities to pursue first rather than lack of news flow.

[oilisgold] 19/1/2020 20:04

I hope no RNS next week, rather see 5 to 10% increases and traders buying to get the volume.

[oilisgold] 19/1/2020 20:00

Not sure about consolidation at this range. This is going to explode on funding news and should pass 2p, hence triggering Warrant exercise. Its how it works in AIM. 2p isnt a concern, the main concern is where will it consolidate between 3 to 4p short term.

[aircomm] 19/1/2020 19:08

I see this consolidating in the 1.5 to 1.95 range prior to news.

I am quietly predicting north of 2.95 within the next 6 weeks, assuming the ANS monies land.

I think the trickier question is what will happen thereafter. The hot money will disappear, but it may be replaced with some institutional buying that sees this higher again within a 24 month horizon.

If we end up peaking at 1.95, the warrants fail to kick in and there is a funding gap.

This may go some way to explaining the current pricing - (1) low to medium risk of stalling due to geopolitical events or a further ANS review plus (2) low to medium risk of muted market response to ANS funds (if and when they land) and the consequent funding gap.

I could be being overly cautious here, but I still see near-term trading in the 4p to 5p range as fairly improbable.

[oilisgold] 19/1/2020 19:02

Big week coming up. If only we can get as close to 2p as possible, it be wonderfull. Then news of funds should be here the following Monday or Tuesday. Plus Saudi Assay results. Could get to 3p to 4p easily.

[outlawinvestor] 18/1/2020 07:55

Simmering geo risk looks nipped in the bud

[smackeraim] 17/1/2020 19:40

Think you might be surprised by the reaction after the funding RNS, yeah there will be an initial reaction.. but there's money waiting to lump into this old boy when it's clear they're in business. Remember this has been years in the making.

[oilisgold] 17/1/2020 18:09

I be honest, we dont want a RNS Monday.ideally need a goid 10% rises for few days before news lands. Otherwise it just be 2p open and then back down.

[shanur90] 17/1/2020 15:48

Looking fantastic 1.6s being paid moving nicely.. Hopefully news monday

[czar] 17/1/2020 13:36

There are three big short term drivers of this share, firstly actual receipt of the cash which will create a step change in value, secondly further drilling to prove up the total size of the resource which I expect will just get bigger and bigger and third the gold price, that's anybodies guess but certainly looks to be heading higher for now. The first should come in Q1 and the second will be an ongoing process. In my book definitely one to build a big stake in and tuck away for a year or two. Fortune favours the patient.

[whatnow1] 17/1/2020 12:57

The anticipation of a positive outcome is growing and the share price is gradually heading northwards as news is spreading of the sheer magnitude and value of both TK/SA projects.

[pjackson2] 17/1/2020 11:20

Ethiopian bacs probably takes 3-4 months lol.
Everything takes much longer there.

[oilisgold] 17/1/2020 11:01

Funding likely to land next week. It could be as early as Monday . Takes around 1 days and 3to4 days BACS.
Hopefully this time around we clear that 2p.