Kefi Gold And Copper Share Discussion Threads

[richsmithsmith] 07/7/2020 12:46

From my notes the JORC was due at/around the end of H1 2020 (i.e. last month). We know there has been a small delay at the lab as it closed for a few days (10 days I think) due to Covid. So... due any time I reckon. I've not listened to the TW interview but someone said this will double the value of the company.

[goatherd] 07/7/2020 12:40

Not only the depth; rock hardness has some influence; the number of rigs even more!
And then there is lab turnaround - which might be Covid related.
Sometimes there are two shifts per rig.

[1deedee] 07/7/2020 12:31

Just thinking out loud what's the average time it takes to do a jork assessment the size of Saudi I think they said 60 something holes I suppose it depends on the depth but they've been doing this quite a while now so we should get results very soon

[scrappycat] 07/7/2020 11:03

banksy,

'To be, or not to be, that is the question'. Have not the EG indicated that financing will be forthcoming from their aspect? I doubt it will prove difficult for Kefi to obtain the remainder. You disbelieve if you want to, but this man is not for disbelieving.

[banksy] 07/7/2020 10:52

So with the mammoth placing a month or so back, the share price is in old money nearer 1.8p which is a 2 year high! Still no signs other than Adams bluster that this will eventually be financed. No mention of who is going to do this, except for the usual vagueness of how it will be done. Still people buying, beggars belief. Just rinse and repeat!

[scars] 07/7/2020 10:39

Spread too large to get some traders involved, could do with something more reasonable.

[1deedee] 07/7/2020 10:28

Someone's interested in this company big buy just gone through

[estseon] 07/7/2020 07:56

RioTinted

If gold at $1800 and Kefi interest, say, 65% (ANS investment in KME cancelled and $10m subordinated debt ploughed into TKGM in place of equity), NPV/share at commencement of production would be c15p. Immediately after full funding, it could be 10p.

All of that is possible

[scars] 06/7/2020 22:42

Pog hitting 8 year high levels, likely to go higher imo. More trade war talk between us and Europe, China threatening U.K. Over HK. oh and Covid!

All it needs is some 'actual' finance here and it won't look back.

[riotinted_specs] 06/7/2020 20:40

Bring it on, I remain a staunch believer. Also I have no interest in somebody buying out TKGM or Hawiah. All or nothing. Both will happen. I see so many Jr mining stocks that do not even come close to the maturity of this opportunity - nowhere near!

[scrappycat] 06/7/2020 20:21

From memory, he didn't specify. but it was related to the post initial funding issue in the webonair, I think.

[scrappycat] 06/7/2020 19:33

Easy for me to say, for my average is now just over 1.4p after heavily averaging down, but fear not IMO. The Ethiopians want, and need, this mine to open, and I am convinced it will. Loads of gold to harvest, and the gold price continues to rise. Harry reckons an share price c10p is not unreasonable, even following the latest dilution. Optimistic, maybe, but who knows, particularly if a JORC for SA has been established for Saudi, before details of funding arrive. Of course, like Harry, I am ever the optimist.

Lots of misfortunes have dogged this share. Hopefully, 'The Times They Are A Changing'.

[bluesbeater] 06/7/2020 19:00

But there is still time, hopefully now. Gotta be right one time having been wrong on timing so many times, but still knowing it there's gold to be mined

[bluesbeater] 06/7/2020 18:58

Should have, would have, could have. Didn't

[sweetwaters] 06/7/2020 18:42

similar situation estseon. Hundreds of K down, the cost of the shares through the years could cover the 'not so little ones' current and growing 'requirements'.

Such a waste - right vision, right decision based on research team, right decision based on communications from the company...misjudged the muppet show.

shares in issue should be half what they are.

Should have, would have, could have.

[1deedee] 06/7/2020 17:49

Sorry I didn't mean to say essay I meant jork if that's correct and if this is not sorted I'll drive there myself

[1deedee] 06/7/2020 17:22

Essay results from Saudi Arabia funding in October gold price around $2,000 an ounce kefi holding more percentage this could be a perfect storm everything is aligned with the Stars

[1deedee] 06/7/2020 16:34

1.15 just paid finished on a bit of a high note we should March up through the week

[1deedee] 06/7/2020 16:02

Ethiopian unrest seems to be contained with arrests and internet lockdown that's what I'm reading anyway great post estseon as usual

[estseon] 06/7/2020 13:22

Tops,

we are well below fair value with funding.

Whatever else might happen with the capitalisation of TKGM, it is looking likely that the ANS investment in KME will not proceed and that would have the effect of increasing our stake in TKGM to 56%. Then there is the possibility that a subordinated debt issue by TKGM might replace some of the $25m that ANS was going to invest in TKGM for a 22% stake. It is reported that HAA muttered something about the interest in TKGM increasing above 60% possibly. If the gold price progresses as more and more analysts are now projecting, we could see $2000 before too long and the combination of a reduced minority interest and an increased price has a significant effect on the NPV attributable to us. In other words, the share price could go sailing past 3.5p without Hawiah and without the satellite deposits.