Freddie The Fence
27 Nov 2017
Re: Progress...... really? HPWhy would there be anything about re-settlement in a news update on the progress with project financing?
Hanky Panky
27 Nov 2017
Progress...... really? A very optimistic title. A new timetable would be more realistic. Nothing about resettlement.
robjm66
14 Nov 2017
History lesson [link]
robjm66
12 Nov 2017
Re: Q4/17 or Q1/18 rickyhatton12 Nov '17 - 18:28 - 53184 of 53186 4 0Cantor Fitzgerald"The increase in the production rate further de-risks the proposed Tulu Kapi gold mine in our view, and the company has shown the financial robustness of the project to potential equity investors by reporting a new “Leveraged” IRR of 60%. We reiterate our BUY recommendation. TP 22p."[link]
Norris107
12 Nov 2017
Re: Q4/17 or Q1/18 Hi robjm66 - as you say:-'They have a plan for most of the funding just the remaining 20 million dollars they are looking for so a “intermediate deal” could help even if only some of that money was covered'. It's a waiting game now, Kefi (Harry) has put out nothing but positives -No doubt there'll be the usual hic-ups & mm games while we're waiting but I've said before, the thing that makes the difference to me is the extent of current commercial interest and investment in Ethyopia, the goverments project track record and their commitment to this project. - that's not usual.So (accordinging to Harry) it's just one more step to go before real momentum but it's all up to personal interpretation as to how you read those 'positives' now and how much more time's he's allowed to prove his point and come up with the deal. I'm happier being 'in' than I would be being on the side lines, but that's just me.
robjm66
08 Nov 2017
Re: Q4/17 or Q1/18 Think it could go either way and if you do not ask you do not get Elviron.On one side of the argument you have the difficulties of all small mining companies and kefi of getting that final money deal that makes then a success. Probably the vast majority either fall at this stage or before. Certainly investors, banks and potential partners will want lots of hard facts before putting in a penny. On the other side Kefi are maybe one of just a handful of miners of this size to look investable. They have a plan for most of the funding just the remaining 20 million dollars they are looking for so a “intermediate deal” could help even if only some of that money was covered.
Elviron1
08 Nov 2017
Re: Q4/17 or Q1/18 "Question now is will they will be able to leverage those prospects to get a better deal over TK funding."The answer to that question is almost certainly a resounding NO! Almost every single junior mining explorer going has "great upside". Funders are interested in cold, hard facts. They've seen it all before.
robjm66
08 Nov 2017
Re: Q4/17 or Q1/18 [link] slide of possible mine expansion along with other prospects near TK mentioned in RNS shows Kefi has some good prospects. Question now is will they will be able to leverage those prospects to get a better deal over TK funding.
Norris107
01 Nov 2017
Q4/17 or Q1/18 Robjm66 posted here and on ADVFN:-"Think i would have been shocked if the timeframe had not slipped into next year and was already anticipating something like this.Should anyone really be shocked as the slippage has been on its way for a while as it was increasingly unlikely that everything could be arranged in the short time amount of time remaining this year".I agree and there's definately some mixed feelings over there on the ADVFN board!I assume some long-term players are getting frustrated, I didn't read everything but enough to sense the usual discontent with an AIM share - character assasinations based on missed dates and the like. I'm not putting myself as being 'above' all the daily ranting but disenchanted chat isn't for me - The fact is that AIM shares don't 'deliver' on the dot and it's 'always' a long and risky road but when the positives start to mount up and statements like the following are made:- ---------- ---------"It (KEFI) continued to prepare for finance closing with mandated financier Oryx Management and the other consortium members the government of Ethiopia, Ausdrill and Lycopodium".-"Production plans had been re-cast and the average annual gold production in years 1-3 was estimated to expand from c. 115,000 ounces to c. 145,000 ounces per annum." -and "At a flat $1,250/oz gold price, the payback period is about 3 years." -"This forecast is derived by management in consultation with its advisers and will continue to be refined as we approach start-up, during the 2018 operational readiness phase along with detailed engineering and procurement." ---------- ---------- -Then it's time to sit up and take notice and whether it's Q4/17 or Q1/18 who cares?There's no doubt in my mind that this project, especially with all the govermental backing it has, will eventually prove to be a success and even with the 2 year lead in to production after 'closure' I'm very happy with my entry point in October 17 @ 4p - at least I'm 'in' for when the market wakes up to this share.
robjm66
31 Oct 2017
Re: RNS out Copy of my advfn post.Think i would have been shocked if the timeframe had not slipped into next year and was already anticipating something like this.Should anyone really be shocked as the slippage has been on its way for a while as it was increasingly unlikely that everything could be arranged in the short time amount of time remaining this year.That was before considering a new partner, intermediate deals, faster production and earlier exploration and the relocation seeming to be still going slowly. [link] financial forecasts reported herein also reaffirm that the transaction is expected to be materially value-enhancing for current and new equity investors regardless of how the equity investment is structured.” This more than out ways the yet more delays to me, seems the company is edging towards a balanced deal that will not penalise new old or current holders.
robjm66
31 Oct 2017
Re: RNS out Could be that they are waiting for the new mining reforms in KSA to see where to invest.
ALAGUSAM
31 Oct 2017
RNS out Harrys Saudi Mates must be able to sse value here now or is $20m abit small change for them
robjm66
28 Oct 2017
Re: RNS....placing @ 33p Do not think you are ramping think this share is unrampable anyway as it is so undervalued any boost would start to get nearer a realistic value. Think you have already bought something to the board and it is reassuring that someone else thinks the same way. The advfn board is the main discussion board for Kefi but i keep things ticking over here in the anticipation that Kefi will one day become fashionable. That kefi partners are engaging in preliminary work is as you say encouraging.
Norris107
27 Oct 2017
Re: RNS....placing @ 33p Personally I cant see the price drifting too far over the next 2 months - only because they're aiming to 'close' all the financials by end 2017. In one of the interviews Harry said he wasn't too bothered about the remaining 20 mill and that they'd get 'the best deal from the best people'. As I understand it, and again I hope I'm right, everything else is just about finalised with preliminary preparations for the ground works already underway in anticipation of all the finances being completed. This anticipation alone should help buoy the price - as I'm sure it will jump when they make that announcement. I think they've already had offers for the outstanding monies but are looking for better partnership deals I'm not ramping this, who's going to take any notice of my opinion anyway? but my logic is quite simple and it's that the price has dropped to low 4s/ high 3s about 4 times in the last 12 months and I think that support is more likely to remain than not with their target date being so close.Anyway I bought a few more in the week, fully aware that if the final deal is not closed when supposed to - then indeed there will be some slippage in price but I'd rather that than top up after a positive RNS and a jump in price.I think you're correct in thinking that the chance of using areas around TK is a vote of confidence and somewhere Harry said that the government were pushing hard for further exploration in tandem with the mine development - and as you say, that prospect might be something that they're looking to include in the final finance deal, I guess that would be icing on the cake?. I'm sorry that I've not been able to bring anything new to the board but as I said before - all the info is out there and you seem to have it pretty well covered.
robjm66
27 Oct 2017
Re: RNS....placing @ 33p Promising that Kefi is planning exploration around and TK and using this to try to get a better deal along with digger deeper on the present site. Be easier for potential new investors to make a decision when the shape of a deal is clearer. [link] slide 4.Probably what could push the price in the short term is how much the potential partner looks like being an actual partner. Possible that Kefi can reduce it holding at TK project level to 55 percent and use the exploration targets as leverage as well to eliminate or drastically reduce any dilution at company level. At the same time Harry is not going to want to give too much away of TK and the surrounding area. The share price could drift till the next bit of news on this as makes sense to fully explore the possibility of an “intermediate deal” but that could mean a delay till into the new year disappointing those that could lose patience who wanted everything done and dusted this year.Mind you the chance of using areas around TK is a vote of confidence as potential investors are already thinking that TK will get off the ground (or in the ground) and considering what Kefis next targets are going to be in the region.
