Kefi Gold And Copper Share Discussion Threads

[you for coffee] 04/3/2021 13:35

Was HA's presentation called this when Gwome mentioned this the other day. Seems very bullish being so close to the big news



• 11:00 am - KEFI in Ethiopia - First Cab off the Rank - Harry Anagnostaras-Adams, Executive Chairman, KEFI
Gold & Copper PLC, Tulu Kapi Gold Mines S.C

[theaviator] 04/3/2021 12:38

Check this out... https://twitter.com/AfricaFactsZone/status/1366751421941579782

[theaviator] 04/3/2021 12:37

Indian like their gold! Lol The rest of world..... It's internet 2.0

[theaviator] 04/3/2021 12:36

Buy crashes Mick. Worth the long term hold for me just incase.... Lol

[mick1909] 04/3/2021 12:01

Bitcoin takes alot of energy to mine and as more coins are mined the harder the encryption code becomes involving bigger better powerful computers using more energy this doesn't seem sustaining and ethical when as the world tries to be carbon free not sure how other cryptos work but surely bitcoin might see countries banning it for this reason?

[bashmore] 04/3/2021 11:42

I am excited to what the next month or so brings. It's a shame we'll probably get our excellent news amongst a chaotic time in the markets. Hopefully someone asks Harry on the 10th.

The good thing is it's not specific to KEFI. People aren't selling because of anything project related or anticipating bad news, it's simply holding cash or directing them to other opportunities.

If you look at most Gold stocks they have taken a beating, some like GGP even more so, we are all waiting for Gold to hit ~1670 ounce and for that reversal.

We also have the Tech bubble being sketchy with undecidedness if its popped, popping or will continue. We have GME/AMC/US OTC penny stocks that sucked the lifeforce out of stocks in general with Reddit/WSB. We also have people seeing crypto and jumping on that too. So it's not been that fun for a lot of investors so far this year.

I'm bullish for April and onwards.

[howling] 04/3/2021 11:40

.
Are we nearly there yet?
.

[belfastboyo] 04/3/2021 10:03

Some good points Tops..imho as Kefi will not draw Gold from ground until earliest Q4 2022...the current weakness in gold matters little...assuming Harry actually delivers funding closure this month then we are "off to the races" as Kefi current SP/value could be considered a monumental discount to "intrinsic value"...on any rational/ reasonable valuation methodology post funding closure it should be valued in 100,S millions not tens of

[topicel] 04/3/2021 09:01

Yet Est, the wider market is convinced that as the printing 'epidemic' is also global then it really isn't so bad...

If they are right, well the status quo with some sort of reset will be organised with or without PMs or crypto to back it. If it happens that inflation comes along as we are seeing in the bond markets then shares will collapse and, annoyingly, Kefi will too.

Before it then rises. But all of this can take mnoths, will favour those invested in producers rather than developers like us (hopefully this month) and means we need to anticipate the wider market bringing us down with all boats...

It could be we have managed to badly time our TK funding timing in a souring market for PM-related stocks. Nero and Rome and all that. So a lower entry price could be with us, or less of a rise on TK funding.

All of this quite apart from Harry's history of rarely delivering on a deal.

My idle thought, held now for a few weeks as gold falls and yields rise. I'd not want to be the wrong side of the herd if the mass sell-off happens. What to do?!

Topicel

[estseon] 04/3/2021 07:58

There are a lot of 'silly sums' floating around justifying predictions of gold price potential. My own silly sum, based on a 50% retreat by equity markets and 30% retreat by bond markets, both from current levels, is that, to enable all investors to take a 5% hedge of portfolios in gold, the price would have to increase to $3,500 or more.

Some look at the chart going back 20 years or more, some at the buying power of an ounce over time, others look at the explosion of money making. However, with a growing 'modern wisdom' amongst fund managers that a hedge of between 5% and 10% in gold is 'sensible', it might be appropriate to also consider the value of gold required to provide that hedge. Even if there is a meltdown in the equity and bond markets, the price of gold could double, such has been the explosion in bond issues over the last decade and a half and the bubbling of the equity markets. The proportion of gold mined that is available to investors for hedging purposes might be as low as 30% of that mined after taking account of that used for jewellry and that held by central banks.

Just an idle thought whilst we are waiting....

[bluesbeater] 03/3/2021 20:22

Donegal1997 is there a webinar next wednesday? have you a link for that info?

[scars] 03/3/2021 18:15

Just hit the lower trend line, if it is going to bounce it will be from here'ish!

[rich1e] 03/3/2021 18:12

My thoughts exactly belfast regarding this being news, that’s been in the pipeline for six months, that’s why I’m saying sooner rather than later. Harry's got to learn to under promise and over deliver. If he doesn’t there’s not going to be any 20p – 40p. Keep disappointing shareholders and the market and they’ll continue to bet against you. Here’s his chance for a wake-up call, he's appeared confident of late. Any day now Harry.

[belfastboyo] 03/3/2021 18:05

I would remind those who are invested here that the company sits of billions of USD of gold/copper & PGMs, has announced it anticipates to close a c300m financial mining deal imminently, is waiting on more major drilling results from a world class copper/gold/silver/zinc project in Hawiah, awaits EL extension to Jibal Q a 700k+ gold deposit & thousands of km2s of dev. Potential in EG & KSA..oh BTW it's currently valued at c40m GBP...back at you

[belfastboyo] 03/3/2021 17:58

You are correct in that you, I not anyone else knows whether or if the TKGM funding will close before 31st March...that said, I can infer from the fact that it was meant to close in Oct, then Dec, now end March...& from numerous RNS & Harry interviews etc..that the odds of it closing this month are high...but if not, it would likely be a small technical delay..rather than a major delay...as a major LTI I hope it does close but have no intention of selling if it does not

[rich1e] 03/3/2021 17:31

I’m thinking good news by next Wednesday. I can’t take my lead from a share price that rises 50% at the open, on a handful of trades and other times remains more or less stationary, for a couple of weeks, whilst millions of shares change hands. Come on Harry get it done, you’ve not started the TK recruitment ball rolling for nothing.

[riotinted_specs] 03/3/2021 16:37

You know who you are

[donegal1997] 03/3/2021 16:26

Harry likely to be asked about it at the webinar next week anyways if it's not announced before that so at least we don't have to nervously wait until the end of the month with no update.

[jlwilliams] 03/3/2021 16:08

I don't expect price to tick up pre-news release unless there is a leak, but wouldnt expect one until much nearer the day. If there are multiple parties and dozens of documents to be signed off i wouldnt think that many people would be in a position of knowing when the last one falls into place.