Norris107
26 Oct 2017
Re: RNS....placing @ 33p "Back down to July level. 3.97p at one point today" - Ripley94 posted 9-10-17.I took it as an opportunity to get in @ 4.05p - I hope I'm not wrong as personally I think this is one of the most exciting prospects around. All the information is out there and certainly robjm66 keeps this board very well updated - I took the time to follow the links and listen to the interviews and picked up on all sorts of upbeat background information you would never get on a RNS. In his last ProactiveInvestors interview it was interesting to hear Harry Adams views on some of the Ethiopian governments project track records and he obviously has a respect for their achievements and of their enthusiasm for Tulu Kapi.What I really liked though was that in every interview he expresses great confidence, not only in his team but in all parties involved and sees Tulu Kapi as a chance to make 'history'! . . . well we shall see but as they've been tailoring the project to produce 115,000 ozs pa with an estimated 1 mil ozs 'life of mine' and haven't yet drilled for what's underground? ~ who knows, he might be right?Anyway, thanks for the links - I thoroughly enjoyed the research and I think I am genuinely hooked- the next 2 - 3 months should be very interesting. GLA
robjm66
25 Oct 2017
Re: Operational update [link]
robjm66
23 Oct 2017
Re: Operational update [link]
robjm66
21 Oct 2017
Re: Operational update [link] for not posting this up before it answers a lot of questions. Think timetable till the deal is done (all the financing sorted) is a bit optimistic but expect the project to go ahead just a matter of the final finance mix for the last 20 mill.
robjm66
09 Oct 2017
Re: RNS....placing @ 33p Not sure the market understands the latest developments let alone absorbed the implications yet Ripley. We have harry trying to explain how all the moving parts fit together but mentions at one point shareholders are “confused” so going to be even harder for the wider market to know that progress is being made.Progress is being made just have to deal with the remaining 20 mill dollars which will covered by getting a new partner in at project level.
robjm66
09 Oct 2017
Re: Operational update [link]
Ripley94
09 Oct 2017
Re: RNS....placing @ 33p Back down to July level. 3.97p at one point today.
robjm66
09 Oct 2017
Re: Operational update www.proactiveinvestors.co.uk/companies/stocktube/8211/kefi-minerals-focused-on-the-size-of-the-prize-8211.html
robjm66
09 Oct 2017
Re: Operational update the charmer 9 Oct '17 - 12:56 - 52852 of 52860 0 0Guys.More info from Proactive Investors this morning:KEFI Minerals (LON:KEFI, 4.32p) – Speculative BuKEFI has published its 3Q update which summarises progress made during the period (e.g. Oryx funding mandate, VAT refund received) and includes details of new plans to increase the plant's capacity. Oryx has agreed to provide additional funds to help fund the extra processing capacity. The financing process is well underway, and will culminate in the issue of listed bonds which is on track to complete this year. Other significant news during the period includes the end of Ethiopia's state of emergency and the full support of Tulu Kapi by the government. This is evidenced by the fact that two of the directors on the project company (Tulu Kapi Gold Mining) are Ethiopian government representatives.Our View: This is a positive update from KEFI. Mine financing remains a challenge for junior mining companies. However with the support of Lycopodium, Oryx, Ausdrill and the Ethiopian government, KEFI should complete mine financing and start construction within the next 6 months, potentially within 4. The capacity increase plan is also very good news. We expect more details in due course but we would expect the extra 300,000 tonnes per annum to significantly improve both the IRR and NPV, as well of course as the annual EBITDA. KEFI is entering an important few months and if the bond issue succeeds as expected, KEFI shares should react very significantly. We reiterate our Speculative Buy recommendation.Beaufort Securities acts as corporate broker to KEFI Minerals plcGla!
robjm66
09 Oct 2017
Operational update [link] finalised the structuring of the proposed project finance, KEFI can now move to arrange the residual capital requirement. Key considerations include the following
Whilst the Company has sown the seeds for an institutional equity raising at the parent company level, KEFI can now bring to a head its discussions with potential Project level, TKGM, investors. o Additional project-level equity investment may minimise the dilution of KEFI shareholders’ beneficial interests. A project-equity transaction on the same terms as with the Government would imply a project valuation of c. US$100 million and KEFI would expect to retain an equity ownership interest in the order of 55% in the Project.o KEFI is in discussion with several Project level investors.o KEFI has deliberately not yet committed to any product offtake arrangements as that aspect maynow form a useful part of arranging the residual funding requirement.• The financing remains subject to completion of due diligence, regulatory approvals and execution of binding documentation.
robjm66
03 Oct 2017
Re: Kefi a buy at 5.5p worth 26p [link]
robjm66
27 Sep 2017
Re: Kefi a buy at 5.5p worth 26p [link]
robjm66
13 Sep 2017
Re: Kefi a buy at 5.5p worth 26p andysand13 Sep '17 - 103 - 52668 of 52681 5 1I emailed Share Prophets for clarification on their thoughts. TW replied. I said the market believes that there will be dilution. He said the 'market' has got it wrong. And that the price is being driven by emotion but the maths tell a different story. People are fallible but the maths is the maths. Andy
robjm66
07 Sep 2017
Re: Kefi a buy at 5.5p worth 26p goneawol7 Sep '17 - 19:41 - 52604 of 52606 3 0[link]
robjm66
06 Sep 2017
Re: Kefi a buy at 5.5p worth 26p [link]
