KEFI Minerals Live Discussion

oldschoolrobjm 09 Sep 2018

Breakthrough Estseon Sep '18 - 14:31 - 55564 of 55583 0 15 0 Because of all of the chopping and changing, it has taken an age to get this far and it’s easy to lose sight of where they currently are. They’ve got the funding structure; they have approval for the funding structure; they have commitment from the Equity providers (both the government and the syndicate); and they have the backing and cooperation of all levels of government. It will probably take a little time for the market to re-rate the company after such a long period of disappointments but it is looking as though a £12m company will be raising 13 x its current market capitalisation in external equity and debt to fund a project that it will retain control of, which is no mean achievement. Kefi’s contribution? It tidied up the JORC estimates; it modified the mining plan; it assembled the development and operating team including Ausdrill and Lycopodium, which the bond arranger clearly has confidence in; it also secured a cash contribution from the government and from independent investors; and it has worked its way through all of the red tape to obtain the grant of the mining licence and the material approvals and consents. In getting there, Kefi and its shareholders have paid and paid and paid but the aggregate financial commitment is still small compared to the $210m external equity and debt to be raised from other parties. On the way, it has weathered two periods of political uncertainty (and the fallout - the lack of balls of the original banking syndicate), a change of government and the loss of the original construction contractor in consequence of a corporate takeover. HAA and his team certainly have tenacity and endurance. We’re not there yet and never say never but, having regard to the mountains they have already climbed, we should feel reasonably comfortable in expecting a successful conclusion.

oldschoolrobjm 09 Sep 2018

Breakthrough Tim the Trout hxxps://www.shareprophets.com/views/38163/kefi-another-small-step-forward-buy TTT

oldschoolrobjm 04 Sep 2018

Breakthrough Managing Director, Mr Harry Anagnostaras-Adams said “The Government has certainly accelerated the pace in recent times as regards the various regulatory processes for this, the first modern mine development in Ethiopia. All major policy matters are now resolved for the Project. There is every sign that the just-appointed Government leadership at the Federal, Oromia Regional and local levels is focused on making this happen very successfully and smoothly. KEFI and its partners in Project Company TKGM are very appreciative of the priority given to the Project at the same time when so many transformational changes are being made in Ethiopia generally. It is an exciting time to be establishing a new sector in Ethiopia.”

oldschoolrobjm 30 Aug 2018

Breakthrough “has an item of £2.7m deducted from cash inflows described as “costs paid in shares”. That needs explaining.’ Not sure it needs explaining as it was part of the recent placing. If you add the two items from the presentation ‘Cost Paid in Shares’ and ‘Creditor Payment in Cash’ together this forms the ‘Discharge of existing liabilities’ (total 3.5m GBP) from the 15th June RNS. This would have been the costs owed to project contractors and other third parties as well as to satisfy accrued fees and salaries for directors/management. cl2201 You are right - my apologies - I was in a rush to go out. There is NO further capital issue overhanging the shares. The statement in Slide 11 (everything is covered including budgeted costs for PLC and for KSA exploration) means what it says and, provided only that the cash is delivered in accordance with the closure timetable, we should have seen the last of the capital raisings for the current projects. Estseon

oldschoolrobjm 30 Aug 2018

Breakthrough estseon advfn board Slide 4 has appeared before (27/11/17) but the message was different. The objective now stated appears to be defined as possibly cashing in once the mine has reached production stage. Production stage for TK might include production from at least one of the satellites and possibly from the underground deposits but the message appears to be that Kefi may look to cash in the developed mine at some stage, possibly to fund the development of a mine for the VMS deposit. Slide 7, which looks at peer group market valuations, suggests that we could see 10.3p/share by the year end or shortly after and 17.3p by the time of commencement of production on the basis of gold at $1300 and before taking account of any further additions to projected production from the satellites, underground or the other deposits that will be explored. Peer group valuations based on resources etc appear to support the price paid by the Ethiopian investors: three to four times current price Slide 9 shows a structure different from that shown before. The Ethiopian investors will invest via their collective company directly into TKGM. This does not explain where the new licences will be granted or what % of those the Ethiopian Investors will have. Slide 11 has an item of £2.7m deducted from cash inflows described as “costs paid in shares”. That needs explaining. However, at the foot of the slide, there is a statement “the above-summarised sources…cover all current estimates of future requirements until positive production cash flows are generated”. Does that statement cover cash flow requirements for exploration and PLC corporate costs.

oldschoolrobjm 30 Aug 2018

Breakthrough kefi-minerals.com kefi-africa-down-under_conf_aug18-final.pdf 2.73 MB

oldschoolrobjm 26 Aug 2018

Breakthrough Mining Weekly London-listed gold miner secures local investors for its Ethiopian project London AIM-listed gold exploration and development company KEFI Minerals announced on Friday that had signed a Detailed Heads of Agreement with investors in Ethiopia, for the latter to take a significant (but minority) stake in KEFI subsidiary Tulu...

oldschoolrobjm 24 Aug 2018

Breakthrough [link]

oldschoolrobjm 17 Aug 2018

Agm kefi hxxps://www.shareprophets.com/views/37765/kefi-tulu-kapi-update-all-very-reassuring

Ripley94 17 Aug 2018

RNS....placing @ 33p KEFI… XXXX Been weaker down to below 1.97p . s_singh ( LSE )points out hot stock rocket Put out a tip yesterday "massive value " Target 9p buy up to 4.5p . Lets see .

oldschoolrobjm 17 Aug 2018

Agm kefi Q1. To quote the RNS: ‘On the financing front, the planned Project-level equity investment by a local syndicate is the next key milestone and this remains on track’ - could you please confirm this ties in with the RNS of June 11th, which stated ‘financial settlement from the Ethiopian investment syndicate will take place in two stages, with the first 30% of their investment closing at the end of August 2018’ i.e. will the first $9 million USD be received by the end of August? A1. We expect 1st instalment commitments end-august and settlement to start then and take a few weeks overall, as it is a large number of parties inside this syndicate. Q2. I have to confess to concerns to statements such as ‘…now includes the final preparations by the Ethiopian equity investment syndicate’ whilst it is of course positive to see ‘final preparations’, there is no indication as to how long this will take - it would be great if you could allay my concerns by confirming the question above. A2. This is a syndicate of financial institutions and other investors. they have their own processes to manage and they keep us informed continually. We have met all the main players and all are sincere and working to timetable so far. Q3. There was no mention in today’s RNS of the proposed bond listing which, unless I’m mistaken, needs to happen relatively quickly given the long-proposed draw-down at the end of the wet season. I, perhaps with rose-tinted glasses, saw the absence of any mention of said item as a positive in that news might be imminent on that front. Assuming that I am wrong, could you please state whether or not previous guidance is still valid and the bond listing can (and will) happen before the end of September? A3.The trigger of first phase of community resettlement can be any time as from October that the Gov’t decides. It is the Govt’s responsibility and decision as to best timing. The bond preparations continue with documentation being the focus now. With the project equity now being scheduled first, we can use those funds first to fund community resettlement and similar early works. Debt drawdown can follow when suits us best. The key is to ensure both equity and debt aligning reliably and then drawdown when we need those funds.

oldschoolrobjm 14 Aug 2018

Agm kefi Good news today things still on track sentiment should change for the better with the first trance of money from the syndicate. As for government approvals helps if they are an investor in the project.

oldschoolrobjm 01 Aug 2018

Agm kefi [link]

Ripley94 25 Jul 2018

RNS....placing @ 33p KEFI XXXXX Topped up again @ 2.2p today same amount as last buy, but picking back up the extra annoying little sale that went through on 13th July when i tried to sell back @ 2.5 p ( D )

oldschoolrobjm 20 Jul 2018

Agm kefi kefi-minerals.com kefi-change-of-board-roles-20july18.pdf 421.44 KB