Kefi Gold And Copper Share Discussion Threads

[1deedee] 09/5/2021 13:22

I must say coppers doing rather well pushed past the $10,000 Mark, that's double what it was a march last year. Also the huge mine in chilli are slapping tax on copper exports pushing it even further.

[robjm66] 09/5/2021 00:58

Did it before Kefi not touched hardily going to take project away that it is an investor in and building infrastructure for.

H.E. Dr. Muktar Kedir, Ambassador-Designate of Ethiopia to Australia meets with Mr. Harry Anagnostaras-Adams, Executive Chairman of KEFI Gold & Copper PLC
April 30, 2021 Embassy News
On the 29th of April 2021, H.E. Dr. Muktar Kedir, Ambassador-Designate of the Federal Democratic Republic of Ethiopia to the Commonwealth of Australia had a dialogue with Mr. Harry Anagnostaras-Adams, Executive Chairman of KEFI Gold & Copper PLC.
H.E the Ambassador-Designate extended his appreciation to the Executive Chairman and his team for choosing Ethiopia as their investment destination. H.E Dr. Muktar also noted that the government of Ethiopia is committed to executing an ambitious economic reform that makes the mining sector a key priority to drive industrialization.
Mr. Harry, in his part, briefed the Ambassador-Designate about the progress of the project at Tulu Kapi, and the remaining tasks that need to be completed, in the coming months, to start production. He noted that once completed, the project will be the biggest single export generator for the country; and created thousands of direct and indirect jobs for local people.

[robjm66] 08/5/2021 11:55

No we do not know the “KEFI contribution funded by subordinated debt from the Ethiopian subsidiary of likely more than one multinational industrial group and product offtake-linked subordinated finance (for working capital and for a standby) from an international metals trader; and a mining contractor to invest in KEFI shares.

• $15-30M: Offtake-linked subordinated into KEFI (terms sheet signed);”

[theaviator] 08/5/2021 10:34

Not too many understand a bit of humour these days Goatie. Don't lose too much sleep over it. ;) Hope you're well.

[mjf58] 08/5/2021 10:32

do we know if Kefi have hedged their gold sales in order to guarantee next step financial requirements ? if so this may impact the potential rise we are expecting .

[belfastboyo] 08/5/2021 09:52

Totally agree that gold and copper are only going higher Rio (indeed all PGMs) & I hope you are right on financing...I am certainly expecting Harry & BOD to start delivering the goods in May and final finance close in June as stated....presuming he does...great times ahead as I have always said our current market cap is ludicrously under valued versus assets & projected NPVs etc.

[topicel] 08/5/2021 08:54

You're our Jack Dee then Goatie. Deadpan humour.

Only trouble is, when it's done in the written form with no subtlety like an emoji or something then it will be lost in translation...

Topicel

[robjm66] 07/5/2021 15:39

hxxps://www.sprottmoney.com/blog/Gold-and-Silver-Flagging-Out-in-a-Big-Way-Precious-Metals-Projections-May-2021

[riotinted_specs] 07/5/2021 14:23

Hey a little something for those new to or considering KEFI:To NEW INVESTORS of KEFI GOLD and COPPER.The TULU KAPI gold mine formally received the green light from the Ethiopian Government (EG) in November 2019. There are to be no more permits, environment, security, economic or social considerations. The DFS has long been completed and the mine will open. Full final financial closure is imminently expected - no later than this June as expressed in the latest RNS and also supported by the recent Q&A session with the KEFI CEO. All documents are sitting with the Board with terms sheets already agreed awaiting final approval of all terms and conditions. This is a well established consortium that includes two of the mightiest African banks. The full funding amounts to 300 million much of which is in the form of bank loans.The EG are currently constructing critical transport and security infrastructure directly attributed to this mine. This includes roads, an airport, and the 40 kilometre, and the 130 GW connection to the recently opened hydro-dam is nearing completion. All courtesy of the EG. The TULU KAPI mine - on its own - when in production will be the single largest net export revenue generator in the fastest growing country in Africa. It's no wonder the Nobel Peace winning EG Prime Minister is directly involved and has had his hands all over this project. And nor is it a surprise that for extra care the military will be securing this very prized asset. The current declared TULU KAPI NPV is at bare minimum 10x multiple of our current market capitalisation. This stock is grossly undervalued even when solely based on the TULU KAPI NPV for this single JORC Certified Gold asset. Even a 10x current valuation doesn't take into account all the other KEFI assets. It doesn't include the equivalent gold mining opportunity directly below the TULU KAPI mine with an additional 1 million oz of gold. Nor the surrounding 1000km TULU KAPI catchment area where KEFI have first pegging rights. And we all know well where there is gold there is more gold. KEFI have painfully earned this first movers advantage and when we look at subsequent KEFI 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. These assets will all be within trucking distance. Regarding humans, never have I seen such a boot strapped social contract. 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. The kit houses have been ordered which further shows huge confidence that the project will go forward. There is a clear mandate to employ Ethiopians and as such the Australian Mining Council, headed by our CEO, has been set up to educate and train locals.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 particular Arabian-Nubian Shield belt geology, they are, without question the very, very, very best - evidenced by the huge pioneering successes 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, 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 and ultimately the co-creator of regulation for a sector to which the Ethiopian Govt are now highly committed.And of course there are the phenomenal KEFI assets in the Saudi part of the Arabian-Nubian shield. In fact this is what initially attracted most long term investors, many of which are still here. It is looking like it will be upwards of 5 times of what KEFI have in Ethiopia. In just 7 months of drilling SAUDI HAWIAH has now been declared as a World Class Copper asset. And in the last several weeks with successful drilling that the inferred resources have doubled. In short KEFI have uncovered an easily accessible, shallow depth, VMS Volcanic Massive Sulfide. A BIG mineral NUGGET which is incredibly rich in highly concentrated copper. As was quoted, it's shaped like a mattress on its side with an initial PEA complete. And even more assays are to come shortly as we continue to discover just how big and long this mattress. And low and behold, there are five more additional huge nuggets. Let's hope they too are world class copper assets. And then of course there is JIBAL QUTMAN also in Saudi - another 730K ounces of gold. It will be incredibly profitable and quickly fund all sorts of future KEFI exploration and development costs. Its open pit and all in sustaining costs could not be lower at 600 USD per oz. 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 half the grade to that of what they are doing now. So the profitability of shallow depth combined with high grade copper has an exponential impact on profitability. All at a time when the worlds copper supply is dwindling, demand is increasing with peak Saudi oil production long past. Hence the large government sponsored mining initiative that loans up to 75% of mining exploration and development. So KEFI would be on the hook for only 35% of that remaining 25%. Our extremely well connected Saudi partner, global conglomerate Artar footing the bill for the remaining 65% of the 25% - so not a huge capital outlay. Also, 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, solar, wind and any renewable energy, the ambitious Chinese Belt and Silk Road infrastructure initiative with transport re-infrastructure across 68 countries. Add to that the imminent multi trillion dollar U.S. infrastructure bill to be passed shortly by Biden and the Democrats who now control all legislative branches of government. And with the Democrats there will certainly be a lot more copper dependent green energy. Copper, copper, copper.I reiterate my 6-9p forecast on news in hours / days, 12-15p near term rerate 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 rising inflation and unparalleled monetary and fiscal policy the price of gold now moving upwards. The the copper price is at a 10-year high and rising - it will be one hell of a ride. You are coming in at a phenomenal price that will be much better than many of the long term, seasoned investors who remain excited. Welcome to KEFI GOLD & COPPER - please do ask questions.

[riotinted_specs] 07/5/2021 14:18

Ummmm... okay what the heck I am going to say it. I would not want to be out of KEFI Gold and Copper this weekend and be caught with my pants down.

[riotinted_specs] 07/5/2021 14:12

With KEFI ownership of the mine to now be at least 75 percent versus 45 percent last year - the timing is even better now 165 percent better to be more precise.

[rich1e] 07/5/2021 14:07

I agree Rio, I've mentioned before, when discussing potential valuations, a sweet spot where realistic valuations go out the window. Massively undervalued becomes massively overvalued as excitement and greed takes over. But it does need Harry to come up with the goods, to fail to do so now might be to miss an opportunity not seen again for another ten years. And before someone else says it, Harry will probably try and catch it on the next spike.

[topicel] 07/5/2021 14:00

It was impeccable this time last year too ;)

Topicel

[riotinted_specs] 07/5/2021 13:52

Gold and copper prices are flying 1840 and 4.70 respectively. Copper hits all time high and I expect gold to follow suit. Whether it be luck or pure genius the timing for this mine and the imminent news is impeccable.

[taxlosstone] 07/5/2021 13:17

GoatieI am surprised & disappointed by your post regarding grammar. Was it necessary & did it achieve anything? Do we call you out when you frequently duplicate posts?I am assuming that you got out of bed on the wrong side as it appears uncharacteristic. Spellcheck used extensively on this post. :-)

[topicel] 07/5/2021 12:19

We've heard it all before Gibrewog. Hence the quiet board.

There is a chance he makes a positive announcement that somebody, somewhere, has signed something, somewhere, that is partially binding dependent upon others also signing and agreeing to something, somewhere at some point during May.

And as you say, he only suggested any of the above...

Topicel

[gibrewog] 07/5/2021 10:53

Hopefully some positive news next week, since Harry did suggest that there would be a number of news announcements in May.A positive announcement could really start this price moving north coupled with the positive trends of gold and copper prices.

[cool hand kev] 07/5/2021 10:25

Goatherd: grammar is not my special subject, so is it are 🤔

[robjm66] 07/5/2021 09:55

Waiting in anticipation cool hand Kev.

[goatherd] 07/5/2021 09:44

Cool grammar?