Kefi Gold And Copper Share Discussion Threads

[estseon] 12/8/2021 13:37

Thanks Rob. Good to have some sanity restored. First time that I have seen blowing up a tool shed linked with insurrection.

[dealer55] 12/8/2021 13:26

Surely volume perking up will be a good sign. It’s pretty flat since earlier in the week.

[robjm66] 12/8/2021 13:05

Thanks Donegal suspect you are right.

[rich1e] 12/8/2021 13:05

goatie, I'm of the opinion that information may have leaked already, with someone accumulating in the background up to around a month ago. They stopped, leaving an overhang, and the share price dipped to 1.6p. If so, it would be someone with a good idea of what's going on, not a jpm or Blackrock taking a punt. As such I'm thinking that they'll soon have nothing to lose breaking cover. The share price definitely seemed attached to the 2p mark for a few months.

[donegal1997] 12/8/2021 12:54

I chanced my arm with the journalist that wrote they article in the Addis fortune but all she would tell me is that the conversation with Harry was quite recent. Suspect she has a source from Ethiopian government too.

[goatherd] 12/8/2021 12:49

Not so sure Rich1e

Information leaks so often come from the host government - but Ethiopia has stringent currency controls, so no (or almost no!) Ethiopians can buy Kefi shares.

[rich1e] 12/8/2021 12:18

A quiet day, trade wise, so far. An up day on Tuesday, hitting the established resistance at 2p, on better than recent volumes. Quieter yesterday with a pullback. I'd say if TK news is around the corner we'll see volumes pick up and another crack at 2p.

[cracker10] 12/8/2021 12:04

Facts not fiction?
1. PM announces a national call to arms 2 days ago to fight the northern rebels
2. Yesterday a rebel group (OLF) operating in the same locality as TK (western ethiopia) announces joining forces with the northern rebels to crush national army & overthrow the PM
3. OLF insurgents have already attacked TK in the past
4. Ethiopian Government shareholder of TK
5. Anyone connecting the dots yet?

[dealer55] 12/8/2021 11:24

Heading into September would be embarrassing for H, but he obviously can’t do much about it and or doesn’t care.

[pennstreet] 12/8/2021 11:02

So will we get any news before end of August? This year!!

[dealer55] 12/8/2021 08:55

I get what you mean it sounds bs. But he could say that without any issues.

[rich1e] 12/8/2021 08:55

Saying that it's very close isn't price sensative, as such I wouldn't read too much into it. But it's an opinion from someone who should have a good idea

[katsy] 12/8/2021 08:48

Harry told TW last week that we were very, very, very close. So that must mean that were even closer now. :)

You know full well that Harry is not allowed to give any price sensitive info to anybody outside an RNS, so I take anything what TW says as bollx.

[dealer55] 12/8/2021 08:23

Not a great start to Thursday.

[philby1] 12/8/2021 08:03

Harry told TW last week that we were very, very, very close. So that must mean that we're even closer now. :)

[dealer55] 12/8/2021 07:51

Are we days close or is that just a dream on my part

[shortarm] 12/8/2021 07:20

Oh, you don't want it guaranteed anymore?You just wanna moan and complain and generally repeat the same drivel?Ok, enjoy :-)

[peverill] 12/8/2021 07:15

Well it s not there yet despite numerous timelines been missed,and old HA picking up his pay packet on the back of hope.

[dicko80] 12/8/2021 07:08

Harry’s Vision

It’s been a long road to date,

but are KEFI just about to start their journey ?

Low capex
Low operating costs
High grade
High commodity prices
Substantial rewards

“Junior explorer to gold producer”

with significant upside potential

“drill ready prospects” within the TK licence

close to defining a major copper discovery with 3 drilling rigs currently working 24/7

Multiple re-ratings will occur over the next two years , each step of the journey

Explorer to “feasibility stage”

(finance signed off - $100 per oz)

Feasibility stage into production $200 per oz

Quick maths

Current mkt cap £40m

Net resources 2.1m oz

(40/2.1*1.40 ) (exchange rate to Us $)

$27 per oz

Re rating 1

Feasibility

TK resources 1.36 x $100 = $136m
Plus 0.65m (2.1m - 1.36) x $27 = $17.5

Total $153.5m / 1.4 exchange rate =

£96.5m / 4.45pps

Re- rating 2

Increase in resource @ Hawiah and major copper discovery

Re-rating 3

Expand resource @ TK with “drill ready prospects”

at least 8 satellite deposits identified

With high grades upto 30g/t au confirmed

all within trucking distance of TK

So not only increasing reserves but also the LOM

Re-rating 4

Confirmation JQ back in play ,

quick start up with extremely low capex,

KEFI share potentially just $3-5m

Quick start production with heap leach and c30k oz pa

Potential to ramp up 140k pa LOM 4/5 years

Re-rating 5

Finance signed off for Hawaih

Production forecasted for 2023

Re- rating 6

Start of production @ TK

Feasibility into production $200 per oz

Re-rating 7

Extension of resources at TK

Exploration to date has focused on sub horizontal lodes,

significant upside remains as the orebody remains open at depth and targets to main orebody , under pit , grades of 5gt au confirmed


Add in copper

Add in silver

Add in the potential award of new licences


Harry’s vision

2023

TK production 140k rising to 190k
Hawaih production 100k
Jibal Q production 140k
+ copper

380/430k pa

c200k net to Kefi x $900margin / 1.4

£126.5m net cash pa

All producers are valued at multiples to earnings

p.e x5 ?

vs

£40m mkt cap

Buy and hold

As PI’s we are always last to know, but is this Harry’s vision ?

All 3 assists into production 2023 ?

Strong buy

GL all

[rich1e] 12/8/2021 06:41

Will today be the day? If I’m understanding it correctly the EG have given it the green light and it’s back the parties involved to sign off. Who are they? How has short term Kefi finance been provided? More to it than just the TK sign off? Two pence has been obvious resistance for 6 months, hopefully another crack at that today with some volume. Have a good day all

[shortarm] 12/8/2021 06:36

Ah, so you want a guaranteed triple bagger do you?Well, that would definitely make it easier for everyone in the world if triple bagging was guaranteed!Nutter :-D

[peverill] 12/8/2021 06:13

And Still no guarantee of it actually getting it over the line.