Kefi Gold And Copper Share Discussion Threads

[taxlosstone] 19/1/2021 17:12

Rio .... Wow! What a Company. Is this all publicly available information? If so, the market cap must be in the many hundreds of millions. If it is not, Mr Market must be blind, stupid or there is something holding the share price back that you & I cannot see or comprehend. Let me think. Did you mention the track record & competence of the head honcho? :-( By the way, you forgot to end your post with No advice intended. ;-)

[katsy] 19/1/2021 16:32

..and also write the next RNS

[digger2779] 19/1/2021 16:18

Hey Rio can you do the next webinar?

[riotinted_specs] 19/1/2021 15:58

To NEW INVESTORS. TULU KAPI gold mine formally received the green light from the government in November 2019. There are to be no more permits, environment, security and social considerations. The mine will open and we await final financial closure this January with agreed term sheets with two of the mightiest African banks. 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. Nor does it include the equivalent gold mining opportunity directly below the TULU KAPI mine with an additional 1 million oz of gold. Nor the surrounding 1000km catchment area where KEFI and as we all know well where there is gold there is more gold. KEFI have painfully earned first movers advantage with expansive pegging rights, and when we look at subsequent Ethiopian mining phases there will be enormous cost efficiencies 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 Arabian-Nubian Shield belt geology, they are, without question the very, very, very best and indeed the pioneers of huge successes in 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 which has now very much so been resolved by dramatic, sweeping, Ethiopian 2018 Nobel Peace prize winning democratic reforms. There has been added frustration associated with being the first public private mine in a quarter of a century; not least the bureaucracy of being the guinea pig for a sector to which the Ethiopian Govt are now highly committed.Also, the market has clearly yet to factor in KEFIs additional assets in the Saudi part of this Arabian-Nubian shield, which is looking like it will be upwards of five times what KEFI have in Ethiopia. In just 7 months of drilling the SAUDI HAWIAH asset has uncovered easily accessible, shallow depth VMS Volcanic Massive Sulfide. BIG mineral NUGGETS, incredibly rich in highly concentrated copper. As was quoted it's like a mattress on its side with an initial PEA complete. And even more assays are to come as we uncover just how big and long this mattress is. And then of course there is JIBAL QUTMAN also in Saudi - another 700K 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. The Saudis are - and will - continue to be an easier and less bureaucratic nation to deal with from a mining and resource perspective. They are much more sophisticated and accustomed to such foreign investment and have been so for over a century in the oil sector. Here again KEFI have first pegging rights that far exceed the specific area we are currently exploring. Early findings have copper grades upwards of 5 percent. This grade is 10-fold to that of many, if not most, of the world's largest existing profitable copper mines. Incidentally those senior global players 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 impact on profitability. All at a time when the worlds copper supply is dwindling, demand is increasing and Saudi oil production is reducing. Hence the large government sponsored mining initiative. We are moving to an electrified world and away from fossil fuels. Exactly what Saudi Arabia needs and 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 multi trillion dollar U.S. infrastructure bill that was passed. And with Biden as President we will expect a lot more copper dependent green energy as well as an even larger infrastructure investment.I reiterate my near term 6-7p forecast and minimum 40p within 15-18 months. I do not see any patience required for those that have invested from 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 set to move dramatically upwards and the copper price at a five year high and rising - it will be one hell of a ride. Welcome

[rich1e] 19/1/2021 15:47

Nothings been RNS'd, but the funding partners were months ago and we still have no idea who they are. So I'll not discount there being things going on in the background that I know nothing about.

[goatherd] 19/1/2021 15:39

Tops,

One of the handy rules to bear in mind is that many takeovers require more than 90% acceptance; as if this is achieved, the buyer can require the remaining shareholders to sell to the buyer.

Now whereas you might be right that more than 50% would accept 5p (and it is exceedingly stupid to even discuss it) but holders like me would have a very good chance of preventing the 90%. This would mean the company would have to be kept in business. And would, surely, be rather unattractive to the likes of Barrick.

5p would obviously meet your requirements - but not those of very many of us.

[theaviator] 19/1/2021 15:34

And I'd be very disappointed if Kefi doesn't hit 10p in 2021!

[theaviator] 19/1/2021 15:33

I will say one thing - I don't get too excited about anything that isn't in an official RNS. It looks like a Twitter pump to me.

[theaviator] 19/1/2021 15:28

Has this been rnsd?

[marnewton] 19/1/2021 14:55

I'd bloody well resist five soddin' pence!

M

[rich1e] 19/1/2021 14:11

True, and they've the cash, for assets and time saved exploring. It might be wishful thinking, but that's their game at the end of the day. See if twitter comes up with anything new.

[shortarm] 19/1/2021 13:52

And Kefi has several!

[rich1e] 19/1/2021 13:49

Maybe if Barrick or someone thought that an opportunity was going to be lost to them, through Kefi's funding arrangements, then they might be willing to submit a good sized offer out of the blue. Limited natural resources out there and good opportunities are few and far between.

[scrappycat] 19/1/2021 13:24

The Ethiopians like and respect Harry it seems, as the historical facts illustrate. Since they are the host country, I doubt a low priced, hostile, T/O attempt would be appreciated by them. Just my thoughts.

[deanroberthunt] 19/1/2021 13:03

If I win the EUROMILLIONS 2nite, I may give Arry a call in the morrow....

[belfastboyo] 19/1/2021 12:40

Importantly any bid (rejected or not) I'm pretty sure has to be publicly reported by Board/RNS (if it is a serious bid from a serious bidder)...So until something is announced/made public any such chat is just that "speculation" nothing more, nothing less and there are way to many "pumpers & dumpers" etc out there to take any such chat seriously imho...they may have nefarious motives etc

[1airbag] 19/1/2021 12:40

New here so apologise if this mentioned previously but there is the golden cross on the chart and a re-test and bounce off the 200 day MA. This is positive.

[belfastboyo] 19/1/2021 12:36

Any takeover (hostile or otherwise) still has to be approved by the vast majority of shareholders by a vote of approval...any bid for a company usually starts with management/BOD who then discuss if it fairly values the company (the bid/offer)...if they feel it does not (usually after discussion with largest shareholders) they will reject the offer...if they think it does reflect fair value...then they put it to shareholder vote...often once bidding starts a bidding war can kick off which is great for shareholders of the potential bid

[allesandro] 19/1/2021 12:28

I agree dean,its game on :-)

[deanroberthunt] 19/1/2021 12:26

...at the previous rate, Elon will be mining asteroids before Tulu Kapi :)

..I jest, sort of.

[deanroberthunt] 19/1/2021 12:24

@Allesandro

KEFI has only just raised £3m at the back end of Nov 20'...so I can't see that Harry's burned through that in 2 months, so that's no concern to me currently...unless he had a big Xmas do, Lobster thermidor washed down with vast quantities of Vin De Pays Charentais :)

However, even with a good wind, and funding secured Q1 2021, he mine won't be operational (along with the Death Star!)...until Q4 2022. Thus, KEFI will need to raise probably another 2-3 times to keep the lights on until then...so, it would be better to raise after funding secured as the sp, should, I say, should, be a lot higher, and thus, far less dilution.

@Bradley12
thanks very much.

[bradley12] 19/1/2021 12:12

Dean,

At EMED there were some "personality issues" between Harry and some of the local officials. Ultimately Harry had to be moved on to get it over the line.

Brad

[allesandro] 19/1/2021 12:06

dean,there are some scallywags suggesting harry is planning a 1.3p fundraise,i do not believe it for one moment not least because he knows he would be toast if he does.We have good support here at 1.7p and we have bounced big off it a few times now.

[robjm66] 19/1/2021 12:01

Kefi shareholder page recently updated looking at it bar Rab capital think it would depend on the attitude of “retail” investors. “in so far as the Company is aware, the percentage of the Company's issued share capital that is not in public hands is 5.3%” so someone could build a bit of a stake and be a bit lax about reporting it but not a very big one.

hxxps://www.kefi-minerals.com/investors/capital-structure

hxxps://www.thetakeoverpanel.org.uk/the-code/download-code

Think most maybe all takeovers can succeed depending on the price offered. Here would expect the first offer to be fought then there would be a battle around some improved offer.