Kefi Gold And Copper Share Discussion Threads

[scars] 13/2/2020 07:19

2 interesting days ahead, news or no news til monday?

[oilisgold] 13/2/2020 05:10

Strap on boyz. Today could be a blow off.

[pediment] 12/2/2020 20:04

Well said jaylett, keep that sort of trite hackneyed garbage for the morons on LSE P&Ds

[tim_the_trout2] 12/2/2020 19:56

Hi HB

I think your only choice is unleaded or leaded.


TTT

[pediment] 12/2/2020 19:50

Just a little look at that IHS on the weekly, trying hard to break out although that was a fairly solid rejection today. It's going to take a little while to turn that weekly 100ma (the 200 is off the top of the chart) however this week's candle has held above it so far.

I'm still tending towards another iteration on the daily to 1.60 but it's all still a bullish set up imo

[hairyback2] 12/2/2020 19:41

RNS 30/01/20

'.............a General Meeting of Tulu Kapi Gold Mines Share Company ("TKGM") has been convened for 14 February 2020 (the "Meeting"), to formalise the final and procedural sign-off of all matters required for the release of funds from ANS Mining Share Company ("ANS Mining") to TKGM.
The subsequent transfer of the first funds from ANS Mining to TKGM is expected to occur following the Meeting. As previously announced, the total ANS Mining commitment is US$38 million with the first US$9.5 million (Ethiopian Birr equivalent) being unconditional and subsequent amounts in accordance with the conditions previously indicated'........

key elements are 'to formalise the final and procedural sign-off of all matters required for the release of funds'.........and............'The subsequent transfer of the first funds from ANS Mining to TKGM is expected to occur following the Meeting.......'

the GM is important obviously,but do not expect the cash to be instantly transferred following the meeting,assuming there are no hitches which there shouldn't be.

however,my caution may be misplaced and simply as a result of managing expectations (after 11 years of holding).

lets hope this time it falls on the positive side and the missus gets 2 dozen roses rather than a lash up from the local petrol station.

HB

[mam fach] 12/2/2020 18:41

Must be from this morning.
Must know something.

[shortarm] 12/2/2020 17:36

3.2 million shares at 17:29!Must have a hunch lol

[bluesbeater] 12/2/2020 16:17

hxxps://www.careermine.com/jobs/senior-geologist_1828656/

[edgein] 12/2/2020 15:49

Silican,

Given the additional 1m oz potential under this pit and also the rest of the Eth expo potential for satellite discoveries, 4p is very very conservative indeed. Add in Saudi too and the share price should be double that. Imagine a small cap with our Saudi asset alone!

Regards,
Ed.

[sicilian_kan] 12/2/2020 15:39

P.S. If we look at cash flows and NPV we can reach much higher figures as KEFI's RNSs demonstrate. But even if we ignore those and just look at the value someone is prepared to pay for the project today, we get to a 3.5p-4p conservative valuation.

[sicilian_kan] 12/2/2020 15:30

ANS are paying $38m for 33% of Tulu Kapi

This values 100% of Tulu Kapi as $115m or £89m

ANS therefore value KEFI's 45% share at £40m as of today or 3.48p per share

3.48p is the logical next stop for the share price.

And this ignores the excellent Saudi project and values it at £0 and the upside as construction at Tulu Kapi develops.

Taking all into account 4p is a perfectly reasonable conservative price, building in lots of room for all the upside we are aware of in both Ethiopia and Saudi.

[scrappycat] 12/2/2020 14:58

LLB,

I think you are being unduly pessimistic, but that is your choice. The market will assess this in accordance with the JORC valuation. There is little reason IMO to do otherwise. Don't forget they have also had an offer of alternative funding from other African banks - though I am confident they will not need to take that course. The EG, have, in effect, been shouting the mining prospects in Ethiopia from the rooftops, and will be very keen to support progress once the infra structure work they are responsible for is complete.

[oilisgold] 12/2/2020 14:50

Strap on. Not long to go now.

[taxlosstone] 12/2/2020 14:44

And 18 months and counting to think about it. :-(

[tim_the_trout2] 12/2/2020 14:42

If I was to invest into US$38 million of funding then I'd want an official General Meeting with all of the trimmings.

TTT

[laurence llewelyn binliner] 12/2/2020 14:19

SP expectations should be moderated here IMO, the Friday meeting is a PR opportunity for the GoE, ANS and KEFI BOD for some back slapping and photos in the local papers..

A funding received RNS probably on Monday, the first USD9.5M is a big milestone for the project but only the start of the journey to finding the USD150M needed to build the mine, and we still have USD500K a month overheads to cover off so in real terms the ANS 1st tranche buys us 18 months time..

I'm expecting to see 2p on Friday, maybe a spike to 2.5p on the RNS, we have not built anything yet let alone produced anything and there is a long way to go.., but with Saudi adding to the program over time KEFI will be a multi mine company, and that scales earnings up some..

It will be very interesting to see what does actually happen on the news, it is AIM and anything goes, I am fine with 3 or 4p but I just don't expect to see it next week.. :o)

[scrappycat] 12/2/2020 11:43

jaylett,

It is the market makers task, and objective, to create an orderly market. If you believe that, on occasion, they do not control things by manipulation of the share price, then I believe you are totally wrong. In the end, the MMs dictate the share price, not the shareholders. There may be brief interludes where they lose control, but , after the mayhem, they wrest it back again.

[chopper harris1] 12/2/2020 11:43

@1554
Put a sock in it, ffs. You're just making it up as you go along.

Quite amusing, though, that your post received the same amount of 'green thumbs', in a much shorter space of time, than jaylett's far more intelligent and realistic post.

[hraj] 12/2/2020 11:38

We all know that but needs to be positive news and funding to be completed by the Ethiopians. Already delayed several months..anticipation is building again though

[oilisgold] 12/2/2020 11:30

Strap on and buckle up. This will.blow soon. Fully expect 3p to be smashed yo bits on RNS day. Exciting times for kefi holders.

[siriusbizness] 12/2/2020 11:30

Unfortunately I do think the volcano waiting to erupt analogy is a good one as everyone has the same idea and then sells on news and we’re left with a big volcano looking spike. What we really need here is some long term investors who believe in the value of the company increasing as progress is made over the next 2-5 years.

[jaylett] 12/2/2020 11:16

Stop talking rubbish ffs. The price isn't being "held down"; there is a quantity of shares available to satisfy the amount of buys at this level, that's it. When there isn't and the demand to buy outweighs the supply, the price will rise. Imminent news should result in a huge surge of those wishing to join the party, which is good as KEFI has a number of share overhangs to clear.

All this MM conspiracy stuff is such a load of old pony. Companies who issue shares as freely as KEFI has are the reason why so much buying can be absorbed with limited price movements.

[mam fach] 12/2/2020 10:25

Share price appears to be becalmed. Notice i say appears to be.
But ,we all know this is not true and this volcano is waiting to erupt.
Look at all the buying. Does anyone ask how does price not move?
True potential here must be huge if you believe price is being held down.
GLA.

[edgein] 12/2/2020 09:20

Outlaw,

Yes indeed, ANS payment certainly opens up expansion of the Eth potential through that expo drilling. Could add another 1m oz to the M&I just below the current planned pit, that would be an excellent start.

Czar,

True while this ANS issue goes on the market isn't applying any real value to that company making asset. You can tell how cheap it is to drill too, it was minor asset dilution that drilled all those shallow holes. Going forward they don't expect to dilute the asset further to continue expo while they build TK. Market will eventually have to value in this company making asset. Looking forward to more assays!

Regards,
Ed.