Kefi Gold And Copper Share Discussion Threads

[theaviator] 03/9/2020 09:01

It's amazing how the charts dictate really..they aren't always 100% but I've certainly done very well with them especially when news due

[mark10101] 03/9/2020 08:38

Yes all looking very solid, definitely has the feel of someone accumulating and market makers working it. For the last week or so the MM had dumped an iceberg order just above the current range in the hope it deters traders who watch these things. It is not there yet today, maybe the next level up is on the way?

[scars] 03/9/2020 08:34

Good to see buys over the 2.4 again today, hoping the impending PEA exceeds expectations! Then just a month to wait for the big funding news!

[theaviator] 02/9/2020 22:03

Well it happens. The chart is talking to me so fingers crossed Sir. I wish you the very best

[taxlosstone] 02/9/2020 22:00

Theaviator. You've come to the right place!!

News flow on funding has been imminent for over 2 years here. :-(

[theaviator] 02/9/2020 20:14

Been there Rio iwnd got the t-shirt in other stocks believe me. I now ONLY punt on aim where news flow is imminent..Sentiment and news flow is everything on aim.Best of luck Sir.

[deanmatlazin] 02/9/2020 15:04

The trend is your friend

[theaviator] 02/9/2020 13:30

Timing eh ;)

[shortarm] 02/9/2020 13:29

Quarter of a million pounds worth bought late yesterday! Looking good now!

[theaviator] 02/9/2020 10:10

It certainly is. Phasing in now...

[scars] 02/9/2020 10:09

PEA any day now! Expectation is a great thing for an sp!!!

[theaviator] 02/9/2020 10:08

Certainly the chart is saying v good news enroute and humbly am not that often wrong.

[theaviator] 02/9/2020 10:07

Yep liking this very much...soon...

[theaviator] 02/9/2020 10:02

Just having a little look in. Quite like the chart

[bejubiant] 02/9/2020 09:25

Outstanding funding is two-fold, and both US$110MM.
The first US$110MM is part covered off, with the remaining (equity) monies due this month. We understand this will involve an element of "off-take" which will, by default increase our equity stake in TKGM to c. 60%. This is the bones of the next financial RNS, but will not relate to full project close in its own right. We expect this first financial RNS imminently, as we do the Preliminary Economic Assessment (PEA) RNS for Hawiah. The latter monetising the significant find.
The remaining US$110MM is a syndicated, senior Term Debt piece due from two large, domestic African development banks, experienced in this sector. Term Sheet already in circulation for some months, so would expect DD completed by now and awaiting formal offer any day (if not already provided).
They both have deep pockets and plenty of cash at bank. So, no dramas on that score.
Once the latter is in, we effectively have full project financing close, and this is the October milestone.
So.. a conveyor belt of increasingly crucial RNS's, starting any day now and going through to some date in October.
One other pertinent point, the final funding will be conditional (a condition precedent - CP) I believe on the initial US$110MM being sorted and in place. What we can likely glean from this is a "co-terminus" deal, whereby the next financial milestone RNS kind of tells us "done deal" ... IMHO
GLA

[matthew stone] 02/9/2020 08:57

I agree with Jaylett on this - we need an update on the funding now; there is no reason why they should not have at least settled on who they are going with by now, and they should have completed the tasks ear-marked for August.

I would love us to get to 5p prior to full funding for TK being announced, but would be amazed if this happens, although if we were to get something significant from Saudi in the interim....

[deanmatlazin] 02/9/2020 08:49

I think we will hear about the funding in October and I believe KEFI will get the fund with current/future gold price. Once funding sorted, it will boost confidence for Saudi copper-gold project. Sky is the limit.

[jaylett] 02/9/2020 08:45

5p and higher only comes with funding for TK and the start of mine construction on-schedule in October. IMO, we are overdue an update on where things stand, given that there were tasks targeted for completion in August. Are we still on-track?

[susiebe] 02/9/2020 08:37

Just looking at the charts and see volumes significantly picked up here in past year.Yes can see 5p on the horizon..

[ccr1958] 02/9/2020 08:37

Yes goaty agreed .

[deanmatlazin] 02/9/2020 08:30

Can see this go up to above 5p by end of October

[mister md] 02/9/2020 08:30

Well I don't expect to see much trading volume with a spread like that.
Buys going through at 2.41p which is encouraging though.

[goatherd] 02/9/2020 08:23

Not "literally"! Metaphorically, perhaps.

But it is only a tree shake, I think. To be expected.