Kefi Gold And Copper Share Discussion Threads

[pjj71] 05/3/2020 14:07

I'm guessing ANS still haven't opened their wallets??? they must be reviewing a review of a review again.. what happened to the Feb payment date>>>

Glad I opted for gold ETFs rather than hang around here watching ever lower lows being reached... In Harry we dont trust...

[riotinted_specs] 05/3/2020 12:56

Chopper, son and other buffoons, this price has been as high as 34p. Any buy in under 2p is an absolute steal. At this price it's highway robbery. Throw down your lunch money for this week. Give it a go and hey cheer up

[shortarm] 05/3/2020 11:22

You're just a saint for looking after us.Lovely young chap - despite the mean language:-)

[robjm66] 05/3/2020 11:18

hxxps://addisfortune.news/tulu-kapi-welcomes-local-private-shareholder/

Founding shareholders of the company gave approval for ANS Mining to own considerable shares of Tulu Kapi through a public-private partnership (PPP) arrangement during their general assembly held on February 15, 2020. With the new ownership scheme,

(not anything wrong some recent delays caused by change in ANS?)

The aim of having local investors in the company is to give ownership to the local people and let them benefit from the natural resources,

The partners have focused on ensuring a broad investor base with an explicit preference for institutional investors such as insurance and banking entities with a strong presence in Oromia Regional State,”

Bringing in the local investor will create a sense of ownership in the society and motivates care for the investment," Mulugeta said. "Other companies who are engaged in the mining sector have to take a lesson."

(makes sense to broaden the base of people who benefit as both on moral grounds and practical grounds as broadens support for the mine and the expansion of mining by Kefi into other areas)

The company has also secured another concession to explore for gold on 1,100Sqm of land located adjacent to Tulu Kapi,

(concession goes active when development starts on TK but how do ANS pay their share for new area in future…)

To raise capital, the executives of ANS Mining are planning to start selling shares,
The founders of ANS assert that the investment has a 27pc rate of return and will help the banking industry solve the problem of forex, since the company will generate foreign exchange from the export of gold.
--
People including me understandably are focusing on what will happen soon but we should get some reassurance that the Ethiopians have the confidence to plan what will be happening with Kefi and mining in the years ahead.

[shortarm] 05/3/2020 10:55

If you get paid by the number of red thumbs you're having a great day!Must've earned like 40p already!

[red rook] 05/3/2020 10:42

... said one rabid ramper to another :-)

[scrappycat] 05/3/2020 10:31

RTT,

IMO, a great post. Sums up my feelings superbly.

[goatherd] 05/3/2020 10:22

My two questions for Harry are
"Please can you tell us when we may expect first pour?
Please can you tell us how much more dilution we can expect by first pour?"

[red rook] 05/3/2020 10:21

... do the right thing ... and apologise !

[red rook] 05/3/2020 10:17

RoseTinted_Specs,
... the record is there for all to judge ... don't obfuscate :-)
... your rabid and shameless ramping is clear...and has proven to be wrong every single time!

[riotinted_specs] 05/3/2020 10:12

Okay, so here is why I invested in KEFI and could be a useful description to both new perspective LTI entrants as well as traders. it has been just 4 days since KEFI received formal go ahead of the TULU KAPI gold mine. A go ahead with full, active and intimate Government partnership. The EG are constructing critical transport and security infrastructure directly attributed to this mine. This includes roads, an airport and, not least, security reinforced by the military. The Nobel Peace winning EG Prime Minister's hands are all over this. And its no wonder just the first TULU KAPI mine asset alone will represent the largest export revenue generator for the fastest growing country on the planet. The current declared KEFI NPV is a minimum of 10-15x multiple of our current market capitalisation and the corresponding share price is valued strictly on this single JORC Certified Gold asset. The NPV doesn't take into account the equivalent gold mining opportunity directly below the TULU KAPI mine. Nor does it include the surrounding catchment area where KEFI have first movers advantage and first pegging rights of refusal. So when we look at subsequent phases there will be enormous cost efficiencies and increased profit margins due to the - in place - critical transport, military, mine and human resource infrastructure. Regarding humans, I have never seen a social contract so boot strapped. This has included a comprehensive and detailed family by family relocation compensation assessment. KEFI have gone well beyond the government declared remuneration requirement with what equates to life changing money to said community. As regards ANS, the investment bank set up exclusively for Ethiopian mining. They have formally signed off on TULU KAPI as their first investment and we await notary conclusion and imminent first tranche funds. ANS is comprised of the most respected and successful Ethiopian financial and political elite. So let us be clear this is not some dodgy, early stage fly by night banana republic. exploitative mine with pie in the sky speculative AIM promises. It is rather a superb mining find, best explored and developed by an outfit both lead and full of Australians. The Aussies, as we all know are among the best miners this world has to offer. And for this shield geology they are, without question the very, very, very best and indeed the pioneers of such mining on their own land. So this is the real deal and a culmination of a decade of jurisdictional instability which has been resolved by dramatic, sweeping Ethiopian Nobel Peace prize winning democratic reform. And finally, the current NPV has yet to also take into account KEFIs additional assets in the Saudi Arabian Nubian shield. Exploration has uncovered easily accessible, shallow depth VMS Volcanic Massive Sulfide. BIG mineral NUGGETS. The Saudis are and will continue to be an easier and less bureaucratic nation to deal with from a mining and resource perspective. Saudis are much more sophisticated and accustomed to such foreign investment and have been for a century in the oil sector. Here again KEFI have pegging rights that far exceed the specific area we are currently exploring. Early finding have copper grades upwards of 5 percent. This grade is 10 fold to that of many, if not most, of the existing existing profitable largest copper mines. Incidentally those mines will now go deeper into existing pits at much higher costs and lower grade to that of what they are doing now. So the profitability of shallow depth combined with high grade copper has an exponential order of magnitude on profitability. All at a time when the worlds cooper supply is dwindling and demand is dramatically increasing. We are moving to an electrified world and away from fossil fuels. To note but a few examples.. electric cars, busses, and charging point infrastructure, solar, wind and any renewable energy, the ambitious Chinese Belt and Road infrastructure initiative, imminent US reinfrastructuring. And of course critical to the Saudis, the natural transition from decreasing oil production providing the world with energy derived from fuel towards providing the world with electric based energy from such metals as copper. I reiterate my near term 6p forecast and minimum 40p within a 15-18 months. And I hope the RNS doesn't come out until EUA comes off its trading suspension due to an imminent massive takeover. They have gone from 0.4p to 7.3p and likely double all since October. I envy those who invested in EUA that take their profits and commit to KEFI, a derisked multibagger. Adding volume to trading to benefit KEFI LTIs and traders alike. I do not see any patience required for those that have invested in the mid to long term as we have this in spades. But for recent entrants, hold your position, then continue to hold it.

[neilng] 05/3/2020 10:09

Re DIVMAD post-2393

'He says he did hold 2m shares but sold out'.

So why is he lurking around this BB when he is not a shareholder?

Filtered.

[riotinted_specs] 05/3/2020 10:07

Oh heavens Red rook you are just more noise, yet another uninvested, impoverished. This kid is actually a teenager.

[red rook] 05/3/2020 10:07

RoseTinted_Specs ...are you not utterly ashamed of your post 2035 !

'' ...the price is holding steady and nudging upward. 1.63 WHAT AN AMAZING PRICE. I'm sure yourself and many would chew off their right arm to get in at this price now rather than a higher one 10 years ago. Tell your friends and family to get in, you'll be a hero. This is a life changing multi-multi-bagger''

[the charmer] 05/3/2020 09:44

Well, reading all the comments on here it should make a very interesting webinar this time round.

[aimtrader2] 05/3/2020 09:35

QandA has done a decent job on it.

[aimtrader2] 05/3/2020 09:35

Bouncing well today

[sicilian_kan] 05/3/2020 09:05

Divmad, I agree entirely. I had a good run here from 0.7p to 1.6p (and then again from 1.3p to 1.6p+) in some decent size, but only retain 25% of my position here, until the funding position is clarified. I'm sure there are others like me. Of course it all bodes well if there is good funding news, but the bulk of my investment here has been cashed out pending to preserve profit and to mitigate risk.