Kefi Gold And Copper Share Discussion Threads

[topicel] 17/7/2020 09:39

Now forgive me if I'm wrong, but Hawiah was always considered far, far bigger than TK.

I have noticed recently they are considered similar in size which I just don't get. Life of mine, area, surrounding areas and certainly adding in copper make 'H' much bigger in all important respects, does it not?

Unless the value to Kefi as Harry has been reducing our percentage from 40% to 34% is what is being referred to?

Even with underground and surrounding Ethiopian licence possibilities I'd reckon 'H' is the company maker, and always was.

What's changed, pray? TK (with funding) alone is 4.25p in my book even with recent dilution in shares (edit, just seen philby1's explanation about Hot Rockets' philosophy).

Topicel

[philby1] 17/7/2020 09:19

That TW extract is from Hot Stock Rockets. Just to clarify the goal of Hot Stock Rockets is to make a quick return on the shares they recommend within a short time period. The revised 4.25p target is therefore just a short term target, LTH's, like me, will obviously be holding out for a lot more.:)

[mister md] 17/7/2020 08:54

from l-s-e boards, extract from Shareprophets/TW I think.


'KEFI Minerals* (LSE:KEFI) has updated on “Positive Developments in Saudi Arabia” for its 34%-owned joint venture. It under-eggs the pudding, this is massive. This refers not to the gold prospect at Jibal Qutman but to the seperate Hawiah copper play.'

'With also in Saudi Arabia the potential for government development loans up to 75% of capex requirements, shares in Kefi have responded up to 1.75p to buy, but that still capitalises it at below £33 million. With also gold looking strong at now around $1,800, the market fails to recognise that Hawiah could well be worth more than Tulu Kapi. Indeed we have only just recognised this and thus we increase our target price from 3p+to 4.25p, still below a £75 million market cap, and our stance remains BUY.'

[mister md] 17/7/2020 08:48

shareprice already reached 1.7p before RNS, so hopefully after a bit of consolidation the rise continues from here. Looking foward to continued updates/newsflow

[edgein] 17/7/2020 08:38

After yesterday's news its worth investors listening to these again to get an idea of the scale of Hawiah and its future potential:

121 interview:



Share talk interview:



Regards,
Ed.

[robjm66] 17/7/2020 08:37

For new holders.


hxxps://www.sidf.gov.sa/en/ServicesforInvestors/Sectors/Pages/Mining.aspx

Updated their site a bit all harry has to do is hit the apply now button ;-)

[scars] 17/7/2020 08:07

Expecting another positive day may even make the magic 2p. More positive news already penned in for August and finance could come any day. That would be the “biggy” IMO.

[riotinted_specs] 16/7/2020 21:07

Hey Disruptor, this is good news and was to be expected and for good reason should attract investors. Now we are waiting for more much bigger and even better news regarding Tulu Kapi mine KEFI Ethiopian mine. Then we see the bullet released from the slingshot. It will be one hell of a ride. I only wish I had some proper earnings from my meagre EUA investment. Now those that have come over here well what can be said multibagger to multibagger life changing money to multi-generational changing money. How can anybody say that mine investing isn't romantic. There will be an awful lot of jealousy for those LTIs who have had to suffer and find this company for so long. Nevertheless we welcome you with very open arms.

[disruptor1664] 16/7/2020 18:17

You know what... my costain shares just sat there in a coma after HS2... 75p then slowly to 90 then decline all the way down to 56p.Kefi though, as I said before... what a ride!Delicious news on the RNS. Looks like you guys were long overdue for this news :)

[estseon] 16/7/2020 17:21

taxloss,

thank you. That's a deal. Hopefully your next major whinge will be at the CGT liability that you will be facing and you will have to change your name to taxgaintone. I doubt that our friend Rishi could or would do anything before April 2022 despite the review of CGT commissioned.It would be a real kick in the teeth if the "sleeping partner" in all of our financial affairs dug its hands deeper into our profits after all of the misery and angst we have suffered.

[mick1909] 16/7/2020 14:38

That's roughly when I started to deal on the stock market and bought a share called frontera resources FRR invested a fair bit only for it to delist in 2018 lesson learnt not to become to attached to a share and I use RSI charting and fundamentals to work out when to buy and sell good luck I do see this as a good share to buy and hold at the moment with the increase in precious metal prices

[patty123] 16/7/2020 14:22

Hi Mick1909
I have no idea, I'm frightened to work it out.
I started buying on 13/01/2011 at 9.925p and bought all the way down to .43p on 18/10/16
I have not bought any since but I have not sold any.
I have been tempted to buy more but I just can't risk it.

[topicel] 16/7/2020 14:08

Lol Patty, and still IHWT as Hairyback2 would say?!

Those figures sound familiar the last time I worked out the 'average' holding and worth and it does indeed look at north of 20p anyway as a breakeven.

I'm all for rationalising these days. Lol.

Topicel

[topicel] 16/7/2020 14:05

Thanks Goatie and Estseon. Understood about the 350m being opencast and 'easy' to get at without further capex.

I'm all for that.

I did assume 350m was pretty deep as I said, but hadn't made the consequential leap to underground from opencast.

It is still great news and more to come, that is, after all, what us LTHs were here for. Shame it has taken so many twists, turns and anguish to be 'nearly' there. At least in providing the market with something truly tangible to value it all by.

Now, just a bit of similar good news from TK funding...

Topicel

Edit - got it Edgein. 'H' only.

[mick1909] 16/7/2020 14:05

So your average is approx 24p?

[patty123] 16/7/2020 14:02

Hi Topicel
Like you, I am a long termer here, over 10 years, and I have my pension and in fact my shirt on this, and it was for the Saudi reason that I believed in it.
It has been a painful ride especially as I have 5882 shares for every 100000 bought and I was holding about 15 million shares in old money.
Let's hope our patience will be rewarded.

Good look all holders

[celeritas] 16/7/2020 13:55

Thanks for the pullback, added another slug, slow build.

[taxlosstone] 16/7/2020 13:48

estseon we are so lucky to have you & your generously offered time & knowledge. I do not want you distracted by other issues so I am going to make you a proposition You concentrate on what you are great at & continue to give us your superb technical insight. I will continue on what I am good at & continue to whinge about HAA & his awful guidance on timetables. Deal? ;-)

[mister md] 16/7/2020 13:43

thanks for all the informative posts on here, they are a good read. Have added a chunk at 1.55p as it's pulled back quite a bit from the 1.8p high this morning.

[edgein] 16/7/2020 12:54

Topic,

I was referring to KEFI's drilling on Hawiah to date not the entirety of Saudi. As I said in my post the drilling assays to date do not look like they've hit a high grade core to the VMS. That's all I have been referring to, they've yet to identify the source of the VMS where the grades are likely to improve further. To clarify this 20Mtn estimated is from shallow drilling to date, open at depth.

The deepest mines on the planet tend to be in south Africa and they're way more than 350m deep, rather thousands of m deep. However there are many open cast mines developed that start as an open pit and then require ug mining to fully exploit the resources. Saudi asset is likely one of those as will TK.

Regards,
Ed.

[jlwilliams] 16/7/2020 12:52

I thought Jibal Qutman had a been drilled to a tight grid?

[goatherd] 16/7/2020 12:43

Tops,

350m is accessible to opencast mining (subject to geology), deeper than that may mean underground, with substantial increase in costs, hence higher grades needed. I am not sure whether 2% cuEq is enough for underground, I think it probably is, but lower profitability, of course.

But with over 20 license areas in SA, with 6 or 8 being very similar to Hawiah, why bother going underground? Unless very high grade.

When they say 350m they probably mean length of hole, which might be as little as 200m vertical.