Kefi Gold And Copper Share Discussion Threads

[digger2779] 24/7/2020 14:08

1900 breached and where are we?

[digger2779] 24/7/2020 12:37

Any idea of what's behind all these little buy and sells? Selling at 1.55 and buying at 1.695. Is it to keep the spread between those parameters? Just adds to the smoke and mirrors.

[scars] 24/7/2020 10:01

pog approaching the magic 1900 again....

Could do with one more big step up on pog and then funding news to rocket...

In my dreams!!!!

[monster500] 24/7/2020 07:36

700,000 ounces at 1682 pounds = 1177 million :)

[shortarm] 24/7/2020 07:36

Best percentage gain was 184 percent from 9th Dec 2015 to 15th August 2018. My first but was November 2010.

[sweetwaters] 24/7/2020 07:34

...and the return was probably realised after the departure of certain exec team.

Many are blinded by the geology and don't have the balls to question management.

With current gold price well above TK project baseline, it's hard fathom how TK hasn't been funded.

[plasybryn] 24/7/2020 07:26

I'm impressed - I didn't think that was possible or perhaps the patience was extreme.

[shortarm] 24/7/2020 07:25

Plas, I made a lot of money in EMED eventually - it's all about patience.

[plasybryn] 24/7/2020 07:22

Is it any wonder given investors long experience with EMED whilst managed by Harry (now better managed & renamed ATYM).

[bejubiant] 24/7/2020 07:19

100% agree Divmad.

I can't buy anymore. I'm absolutely stacked and am only now around breakeven (1.69p) with 225K out the door so far. I'm not wealthy (yet) but I believe in this.
Used to own 2% of the ISC, now less that 1%. But, I do not whinge about dilution like a teenage girl.
Fortune favours the brave and we will be in a VERY different place by November.
1.) JORC - Hawiah
2.) DEBT / EQUITY piece replacing lightweight ANS tw4ts
3.) FULL PROJECT CLOSE
Add to this the great unknown of what happens post JORC. My own opinion involves Ma'aden/Barrick and very, very large cheque. Its what lies beneath.

[philby1] 24/7/2020 07:17

Rio - It's 700,000 gold ounces at Jibal Qutman, not 700 million. Wish it was! :)

[divmad] 24/7/2020 03:26

It's clear that Kefi remains, largely, an unloved Gold explorer/developer. On a hot BB, Rio's tour de force investment case would have elicited dozens of ticks but instead, merely 8. I mention that because I prefer to get involved before the herd arrives, or is starting to arrive, which is where I think we are now on the investment pathway to value recognition. The is little doubt that the catalyst for more rapid realisation must come with the project financing and cash injection actually occurring. Two months to wait and find out. I am an ongoing buyer. GLA.

[mesb48] 23/7/2020 21:51

Thanks riotinted_specs. I’m fairly new to this but have commented before it’s clear from the thread both the frustration and endurance of long term holders. Nobody would comment if they didn’t care. Any grumpiness is therefore forgiven. What’s clear is so many people see great opportunities for the future. So let’s move forward and make the most of the situation.

[riotinted_specs] 23/7/2020 20:59

I would add to this that there are and rightfully so, some very frustrated long term investors. This has been a very long and winding road. And they have stuck with this investment some- with initial investments of over 1 pound per share. There has been dilution, more dilution, false promise, missed deadlines, consolidation, civil strife. They are fed up but they do see the light at the end of the tunnel. And it is close. Suffice it to say if they were coming in at sub 2p or even 5p - they would really feel the winds in their sails. They can be cranky and they will be. They have been waiting a generation, for many this is there children and grandchildrens inheritance. They are not to be ignored and they are seasoned mining investors. They, however, can be grumpy. Do not let their comments dissuade you from investing. These guys are still down size averaging and they would cut off their right arm to be coming in now at this price with so little time before real value is finally reealised

[riotinted_specs] 23/7/2020 20:43

To potential NEW INVESTORS. TULU KAPI gold mine formally received the green light from the Ethiopian Government last November. There are to be no more permits, environment, security and social considerations. The mine will open and we await final funding with agreed terms with two of the mightiest African banks. Once we have financial closure there will be no dilution There has been real difficulty in getting some additional private funding with ANS, a mining bank comprised of a consortium of the wealthiest individuals and businesses across Ethiopia and set up for the very purpose of kickstarting mining in Ethiopia. Unfortunately with a liquidity crisis they have pulled back after teasing us along for several years. But that is now yesterdays news and the EG have via an RNS provided assurances that this funding will be covered. This is the imminent news we await and it may very well be in the form of an IMF loan or come from initial offtakes leading up to having a fully producing mine. The critical date is October and the EG are committed to full closure at this time. The EG are currently constructing critical transport and security infrastructure directly attributed to this mine. This includes roads, and an airport. The TULU KAPI mine - on its own - when in production will be the single largest export revenue generator in the fastest growing country on the planet. It's no wonder the Nobel Peace winning EG Prime Minister is directly involved and has his hands are all over this project. And nor is it a surprise that the military will be securing this very prized asset. The current declared TULU KAPI NPV is at bare minimum a 10-15x multiple of our current market capitalisation. This stock is grossly undervalued even when based on this single JORC Certified Gold asset. The TULU KAPI NPV, however doesn't take into account all the other KEFI assets. It doesn't take into account the phenomenal Saudi Assets which is what initially attracted most long term investors who are still here. It doesn't include 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 in Ethiopia 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. So this is definitely not some dodgy, early stage fly by night, pie in the sky banana republic, exploitative mine with speculative AIM promises. It is rather a superb pre-production 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. This is the real deal, and it's been inching forward for near on 15 years. There have been all sorts of challenges and impediments, such as jurisdictional instability - now very much so resolved by dramatic, sweeping, Ethiopian Nobel Peace prize winning democratic reforms. The added frustration of being the first public private mine in a quarter of a century; the bureaucracy and being the guinea pig for a sector to which the Ethiopian Govt are highly committed.The market is clearly not factoring in KEFIs additional assets in the Saudi Arabian Nubian shield. Exploration has uncovered easily accessible, shallow depth VMS Volcanic Massive Sulfide. BIG mineral NUGGETS in the Hawiah mine incredibly rich in high concentrated copper. As was quoted it's like a mattress on its side certification expected in the very near term. And even more assays are to come as we uncover just how big this nugget is. And then of course there is Jibal Qutman also in Saudi - another 700 millions ounces of gold. This could fund all sorts of KEFI development and at very low cost - easy open pit stuff - just need to grab a shovel. And 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, demand is increasing and Saudi oil production is reducing. We are moving to an electrified world and away from fossil fuels. Exactly what Saudi Arabia needs To note but a few examples.. electric cars, busses, and charging points, infrastructure, solar, wind and any renewable energy, the ambitious Chinese Belt and Road infrastructure initiative, and the recent bill that was passed for US reinfrastructuring. Biden gets in and you should expect a lot more green energy.I reiterate my near term 6p forecast and minimum 40p within 15-18 months. 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 will not be long now. And with the price of gold and copper rising - it will be one hell of a ride. Welcome

[rich1e] 23/7/2020 20:35

In the interest of balance, long term holders here will point to the fact, that history says Kefi will disappoint, and I’ve taken this into consideration.

[rich1e] 23/7/2020 20:05

Far from a mining expert, I do try to work out what’s happening in the background, observe what’s happened before and estimate the chances of it happening again. I’d posted on the VILX board, back in March, “a glance at the silver chart show a spike, 12 months after the lows of the last financial crisis”. Is silver now in the foot hills of another such spike? LSIL is a way to play it, but if it reverses it can be painful.

One recent point of note here, is that RAB Capital appear to have added to their holding at time of unremarkable movement in the sp, trading sideways at sub 1p. I remember over on Atalaya, Majedie RNS’d that they acquired a sizable portion of shares on the open market, sub a quid, share price slightly drifting, no one had noticed, the bulletin board had the share in free fall, placings etc.

Is this stock worth buying? is it worth considerably more than its current price? Those are the questions holders need to ask. If it is, hold tight. If it’s not there are other opportunities out there. But if it is, worth buying, someone will want to buy it, in whatever quantities they see fit. And the first that we on here may know, is when the RNS’ lands.

[goatherd] 23/7/2020 18:16

You know, it is amazing! There are so many mining experts on this BB!

I can't think why some of you don't get jobs as (overpaid) directors of mining companies.

[czar] 23/7/2020 17:53

Gold $1895! Kefi should be twice this price.

[richsmithsmith] 23/7/2020 16:52

Looks like its about to happen

[scars] 23/7/2020 16:30

One day rodders!

[scars] 23/7/2020 16:29

And KEFI is still heading south!

[digger2779] 23/7/2020 16:20

POG could hit 1900 soon. Maybe tomorrow.

[divmad] 23/7/2020 13:20

The QE to Infinity is mostly going to enrich even further the Super Rich with their large equity share ownership in the major indices. It won't trickle down much and cause any generalised price inflation or economic recovery to the man in the street. Precious metals inflation is part of that whole process.