Kefi Gold And Copper Share Discussion Threads

[robjm66] 20/8/2020 17:17

Topical Seems kefi are steadily more certain that JQ will come back but the most likely time I think kefi or harry said was January when KSA make a round of decisions over licence areas. From the response to a question I asked in the online Q and A session harry expects other licences as well in the future.

Would have a fraction of the hassle with JQ that we have had with TK the operation would be a lot simpler as would the financing with kefi being a smaller partner and the SIDF loan option.

[topicel] 20/8/2020 16:35

That is interesting about JQ Rob.

You believe that it really can be a fast track to production whatever additional - heaven forbid - TK delays might occur?

I guess it brings in funds and is, almost, ready to go in months?

Topicel

[robjm66] 20/8/2020 16:15

Yes Edgein do not understand people selling now but then I am more of an investor than a trader (at least that’s the theory) when JQ pops out of limbo think you will have a lot of people kicking themselves as then they are not going to be able to get in at such a low price.

[edgein] 20/8/2020 14:28

Rob,

Yes it remains oversold on TK alone. As HAA said 10p at $2000/oz and 20p/share at $3000/oz for TK alone. That was understandable when Saudi didn't have any mining laws (assets on hold) and Ethiopia kept popping in and out of state of emergency. This one was only for those that saw the long term value of TK and believed they would eventually have something potentially world class in Saudi and didn't mind high risk.

Even though the share price has yet to catch up things are gradually changing. The days of those death spirals are hopefully a thing of the past, although there are likely to be some equity placings at some point in the future. But currently KEFI is well positioned to take advantage of the current gold price, its a good time to be negotiating the last parts of the asset level equity funding. If they manage to keep up to 70% of TK it'll get a thumbs up from most holders I'd imagine.

Regards,
Ed.

[scars] 20/8/2020 14:16

2.09 on the Offer, small steps but in the right direction.

Every day a step closer to H's "promised" October financing!

[robjm66] 20/8/2020 14:15

Joking aside “Mkt Cap is c.US$30/oz gold-equivalent for KEFI’s share of JORC Resources at 3 projects” three projects and look at slide 26 for all the licences applied for.

[edgein] 20/8/2020 13:50

Digger,

I only held EUA on and off over 4 years, but look at their long term chart. Dilution, yes like all AIM companies that was part and parcel, only difference is there was much more dilution at EUA (currently billions of shares in issue), I guess they probably had less than 100m on initial listing. I think they had around 600-700m in issue when they brought Sinosteel in around 2016.

HAA has diluted himself too don't forget. I think that folks can count themselves lucky that KEFI managed to get financing at all. Through the financial crash and over the last 15-20 years many little small cap miners went out of business, likewise in the oil and gas sector. So you'll find these companies will take what they need to take rather than go insolvent.

Luckily though HAA has brought KEFI this far and may well be on the verge of securing the remaining stages of financing TK to first production.

Goat I agree, it'll be great if they can multiply the tonnage at Hawiah over the next year or two but the near term (18-24 months) driving factor for KEFI will be getting TK and JQ to production. The sooner they can get either of these fully funded and in construction the better given the current gold price.

Regards,
Ed.

[jlwilliams] 20/8/2020 13:50

goatherd, thanks, and yes, also I didnt know what you meant by substantial. ha ha. i'll be happy if my sipp value goes from virtually nothing to a level where I can take drawdown, afford to pay the income tax on it.....and make life in my 70s a bit more comfortable. One thing about having a lot of shares, every penny increase is very nice!

[robjm66] 20/8/2020 13:49

hxxps://www.kefi-minerals.com/files/presentations/kefi-corporate-presentation-20aug20-final.pdf

[silver surfer] 20/8/2020 13:40

Don't forget all the other Saudi licenses. Plenty to come.

[shortarm] 20/8/2020 13:01

Saudi VMS - the monster........!

[goatherd] 20/8/2020 12:32

JL Williams,

No. I think 10p might well come earlier. What I said was "we can not rely on any really substantial increases until we are in production."

The key word was "rely".

And I rather hope for more than 10p at production - because, by then, I expect a lot more data on Saudi Arabia.

[digger2779] 20/8/2020 11:58

Edgein - I've not followed EUA. Did they have the same level of dilution as us with a 17/1 consolidation just to keep us happy?
Can imagine where we would be if the finance here was sorted through proper channels instead of death spiral and old pals network. We had institutions falling over themselves if I remember right but Harry knew best. Our finance director was silent in all of this.To this day I'm still curious who the good benefactor was that didn't want their identity revealed. Bet they have been reduced to poor as a church mouse status not.
A forensic audit of the goings on here would make interesting reading but hey ho never mind once the current share price has multi bagged everyone will be happy.

[jlwilliams] 20/8/2020 11:49

goatherd, do you reckon another 2 years to 10p then? I think that is my target, that will be my investment back plus £30k. that will do me. then i can start taking drawdown from the sipp.

[edgein] 20/8/2020 11:37

"Most here would expect a reward on their patience and support of something like EUA. But we don't seem to have the same quality of management."

It took EUA 20 years to get to where it is now. I remember the amount of whingers it also had at 0.4p. Has the management changed since it re-rated from 0.4p to 20p plus, apart from the M&A specialists it hired not a lot.

I'm expecting this bb to go the same way when this one multibags too thanks to the assets that HAA and co has lined up here. When this one smashes 10p HAA will be the best thing since sliced bread.

Regards,
Ed.

[goatherd] 20/8/2020 11:26

I think that we can not rely on any really substantial increases until we are in production. I then expect us to get to the sort of figures that have been discussed.

When will that be? We are told mining will start in 2022 - and that is not all that long away. I am more concerned whether I will make it (I am 85) than whether KEFI will.

[divmad] 20/8/2020 11:22

True, but I was just getting at any possible initial reaction. Hzm has only just begun its journey to value recognition as well.

[topicel] 20/8/2020 11:18

Divmad, that kind of HZM rise would be scant reward for the time, effort and investment cost here for most holders beyond six months.

Indeed, you could argue that in percentage terms we have already matched HZM in growth this year.

Most here would expect a reward on their patience and support of something like EUA. But we don't seem to have the same quality of management. We raise at all-time lows, 0.6p and they place with serious institutions at 22.5p having been as low as 1p themselves within the last 12 months or so.

Harry talks and promises. The day he actually delivers in a decisive RNS, with no caveats and Aussie-speak thrown in, that TK is funded to production we will see something akin to the EUA moves, if there is any rationale at all in AIM junior mining investment.

Which of course there isn't, but what else is there but hope?

Topicel

[divmad] 20/8/2020 09:35

There's been a subtle change in sentiment here very recently. In previous times, after a good RNS the share price would have sold off badly but not this time. After an initial wobble it has remained solidly above the previous break out level of 1.8p and is tightly held just at the 2p mark now. I like it. Funding news is the next big driver of course but with the right news i see no reason why Kefi can't react like hzm did recently.

[rich1e] 19/8/2020 17:17

News as expected and just as important on time. Often bull markets bring about bizarre episodes where sensible valuations go out of the window. I recall emed going to 24p from about 10p, Jubilee Platinum 12p to 36p. I’m sure others here recall similar events. You can’t reason which stocks are going to rocket because there is no reasoning to it. But if the required good news lands in the next few weeks, then I would say Kefi is as well placed as any to reap some very good rewards for holders in a short space of time, should markets go into hyperdrive.

[run12] 19/8/2020 14:26

Yes I had a little bit of a surprise this morning when I logged on to find myself a multi millionaire. Started to dream of buying a large property on a Caribbean island somewhere. Oh well - maybe this time next year.

[undertaker] 19/8/2020 14:21

mispricing for me also - my advfn portfolio is showing a 9575% P&L on my Kefi position!

[hraj] 19/8/2020 13:36

Yes I agree I'm nor here because to recommended and was in below a penny. But the likes TW and the other penny tipsters are usually paid by companies to ramp or simply ratio to suit their own needs.I'm here because of gold and ive always likened the eithiopian and saudi gold to that of certain Egypt sukari. But we seem to be doing naff all and just assay results or talk of extentions..yet to see the money promised by our golden investors in eitheapoia. Although the Saudis are pretty rich and stupid too so I think that holds a better bet of moving forward.

[goatherd] 19/8/2020 12:34

hray

Whilst you may be right about TW a broken clock is right twice a day.

So I don't agree that a TW recommendation is reason to sell.