Kefi Gold And Copper Share Discussion Threads

[theaviator] 22/5/2021 15:05

Would break me if you didn't buy one at 10k Rob lol You aren't quite ready for Saga holidays yet then after all hahaGood banter. Enjoy your weekend.

[robjm66] 22/5/2021 14:46

Aviator I am slightly younger than the baby boomer generation so do not have to thank me for anything lol.

I do get it wrong I did expect the wheels to start to come off before now and I have been too pessimistic over the copper price.I might be wrong about Bitcoin as well once it hits 10000 or below. Doubt I would buy in even then then though as I would see it as still risky and would have watch it like a hawk and really actively trade it which is not my investment style. Plus as I get more of an old fart do not need the stress and long term will find it easier to spread my dosh amongst several miners I like in a promising sector.

As for the Chinese think they have much bigger gold holdings than they are letting on. I did read some articles that they had some dry runs with a domestic alternative to Bitcoin seems the Chinese people were not enthusiastic but doubt that will make any difference considering they had to swallow the social credit system.

Think maybe Dent is conflating intelligence with technological ability I still type with one finger or two fingers on a good day probably a holdover from pushing the beads along the rails on the abacus, it does not slow me down, well not much.

[robjm66] 22/5/2021 14:22

Thanks Unionhall lots of detail in the advert notice it’s only open till June the third.Kefi did say they agreed with the government to upgrade the security around the TK site as part of its development.

[unionhall] 22/5/2021 14:14

Perhaps the old one left ?

[unionhall] 22/5/2021 13:55

Courtesy of the LSE site - posted 20th May

hxxps://www.ethiojobs.net/display-job/302962/Security-Risk-Manager.html?searchId=1621687269.214&page=1


Security/Risk Manager
Job by Tulu Kapi Gold Mines Share Company (Job Id: 302962 | 251 Views)
Posted
20
May
Recruiter: Ethiojobs
Category: Development and Project Management, Economics, Social Sciences and Community Location: Gimbi & Tulu Kapi Mine Site & Addis Ababa Career Level: Managerial Level (Manager, Supervisor, Director) Employment Type: Full time

[robjm66] 22/5/2021 13:18

From lse board today (not pre war) Ethiopian herald have resisted the temptation to just spam the board by posting up nearly every word.



“New large-scale gold and silver mining and processing companies such as KEFI Minerals have been granted licenses for exploration, development, and production plant. KEFI acquired concession in the western region of Ethiopia in April 2015 and planned to install a gold processing plant with a capacity of 1.5-1.7 million tons of gold ore and produce up to 115,000 ounces (3,565kg) of gold per year. Additional four companies have been engaged in primary gold exploration and at least two of them are expected to start production in the near future.”

“The government approved last December a 10-year economic plan, aimed at boosting the amount of foreign-exchange earned through export and import substitution of minerals from 265 million USD currently to 17 billion USD by 2030.”

[robjm66] 22/5/2021 13:09

Delta the simple fact is you were being inaccurate if I am being charitable out right lying if am being not.

I actually went on google clicked on tools then month option. After that looked at Ethiopia current and predicted growth and put the uk one in for contrast, the article about France and Ethiopia turned up on my usual 24 hour Ethiopia search the Saudi one on my searches on Saudi.

“Yeh like searching for articles that were bigging up the country before the war..”

Now if I wanted to effect the Kefi share price would be more easy to short it then selectively pick pieces out, then spam the kefi board.

Mind you I would be taking the chance that good news might drop Monday so I would be sweating a bit.

[1deedee] 22/5/2021 13:00

thCurrently, there is only one large scale gold mining company, Midroc Legedembi Gold Mine, which is privatized from government ownership in 1997 operates an open pit mining in Ethiopia. Midroc Gold Mine produces 3.5 -4 tons per annum and exports in Dore form. Midroc Gold is also licensed with two gold exploration projects located near the mine (Adola-Legadembi Exploration License -ALEL), and in another area some 600km northwest of the capital Addis Ababa (Metekel Exploration License -MEL). The company is to enter into the extraction phase in Metekel in the near future.
New large-scale gold and silver mining and processing companies such as KEFI Minerals have been granted licenses for exploration, development, and production plant. KEFI acquired concession in the western region of Ethiopia in April 2015 and planned to install a gold processing plant with a capacity of 1.5-1.7 million tons of gold ore and produce up to 115,000 ounces (3,565kg) of gold per year. Additional four companies have been engaged in primary gold exploration and at least two of them are expected to start production in the near future.
The Ethiopian government is also engaging with more FDIs in gold exploration and extraction, such as mining giant Newmont Mining Corporation that has shown interest in gold exploration and extraction projects in the Tigray Regional State. The U.S. Geological Survey, in its January 2016 updated Minerals Yearbook, showed that Ethiopia's role in the world's production of tantalum has increased and the country's share of global tantalum production amounted to about 1 percent in 2013. was posted today by allafrica newsnet

[delta0091] 22/5/2021 12:38

"More incentive to get TK up and running, less dependence on external finance"


poor richie.. the naivety... if a country gets sanctioned.... all companies associated with that country's business get sanctioned too. that's the whole point of it.

[howling] 22/5/2021 12:35

.
Copper in the name...
.
An analysis of significant copper discoveries between 1990 and 2020 shows that of the 229 deposits discovered in the period, only three were found in the past three years
.
I'll get my shovel and help out.
.

[rich1e] 22/5/2021 12:34

More incentive to get TK up and running, less dependence on external finance

[delta0091] 22/5/2021 12:25

"Delta the month from was now back so your theory does not really hold up as I looked at a period when the country suffered from locusts covid and conflict probably the worst period to look at."


wtf are you on about ? I am talking about an article, which is current whereby US is upping it's actions against the Ethiopian government... begining with diplomatic sanctions ... do you think they will stop there if the government doesn't buckle up ?

[riotinted_specs] 22/5/2021 12:13

Agreed, I see overshooting 12p in the very short term - almost always the case with AIM stocks. And this does not take into account the larger Saudi copper prize HAWIAH, nor 700,000 Oz of low cost gold in JIBAL QUTMAN, nor the 1000 sq kilometres of mining exploration licenses directly surrounding our TULU KAP Ethiopian asset. I reiterate my 6-9p in hours or a maximum of a couple of days when the imminent news drops. 12-15 in the short term, 40p in 15-18 months and double that in 3 years. I see these as conservative estimates

[robjm66] 22/5/2021 11:36

Delta the month from was now back so your theory does not really hold up as I looked at a period when the country suffered from locusts covid and conflict probably the worst period to look at.

If you look at the projected growth rates going forward they are impressive sorry that the facts do not fit your agenda.

Aviator well agree with dent on some things (Vidio).
“Internet boom then crash 94 percent..blockchain the same stage will crash 97 percent in a year or” I remember the dot com boom then bust people were asking their brokers to buy anything with dot com in the title. Buy after crash “Bitcoin...a crash 3000 to 7000 dollars”. Looking at longer Bitcoin chart (all) hxxps://www.coindesk.com/price/bitcoin it could easily crash down to around the ten thousand level over the next year as it can blow through what might be resistance levels on the way up but also can blow through support levels on the way down.

Whats going to be happening over that year as things continue to go down the toilet, gold and silver going to be the last men standing and you are going see a rotation from Bitcoin into to them. Dent says himself 2023 to 2040 will be great for gold think I can hang on till then.

Politically Dent does not think Bitcoin and the like can be stopped by governments but it’s a lot easier to destroy something than build something. Seen in the past couple of days China only have to trot out a few negative statements and they can hit Bitcoin at will. National governments will be looking at greater ways to control the monetary system and will nick some of tech and ideas around blockchain to gain greater control and then bring out their own central bank coins.

They will spin it as a “stablecoin221; even if it is not and even natural enemies like china and the USA will cooperate to give Bitcoin a continual kicking to kill off the competition.

Though I agree with Dent on some things he is plainly wrong on others the dollar best currency hxxps://www.statista.com/statistics/1032048/value-us-dollar-since-1640/ one reason it has not fallen further over the last few years is it lost most of its value.

Of course biggest disagreement I have with him is over millennials being smarter and more educated than previous generations. Once I had stopped rolling around the floor laughing thought about this. Think my generation is less smart than most preceding generations post war and this trend hit its height with the millennials.

The trouble is here and in the states education standards have declined under the everyone gets prizes philosophy and education more focused on teaching for employment also the regurgitation of facts rather than actually giving people the tools to actually think for themselves.

Of course any millennials here are honourable exceptions except delta ;-)

[belfastboyo] 22/5/2021 10:58

Agreed Aviator...12p would value Kefi at c230m which imho is probably fair market value (at current PGM prices) once funding for TKGM is closed & approved, extensive EL licenses granted in EG and more news to follow from KSA re Hawiah and Jibal etc....Assets and NPVs would support such a valuation imho and measured against similar mining companies with similar assets and development status

[mick1909] 22/5/2021 10:29

Are you a disgruntled ex KEFI share holder?Hows BPC going?

[scrappycat] 22/5/2021 10:14

delta,

Not disagreeing with your analysis, but this surely puts more pressure on the Ethiopians to get the funding deal completed. They will need an alternative source of dollars, and Kefi could certainly help to provide this.

[delta0091] 22/5/2021 09:49

"After Biden’s plans I can see a lot more foreign investment coming Kefi’s way"


Brilliant indepth analysis and deduction... Like a rabbit staring at headlights and thinking how nice of the driver for providing light while crossing the road.

[robjm66] 22/5/2021 09:05

hxxps://waltainfo.com/ethiopia-encourages-french-companies-investment/

hxxps://thesouthernafricantimes.com/saudi-to-invest-1-bln-to-support-africas-post-pandemic-recovery