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Well the only way we can judge success or failure at this point is by the sp.
I don't think there is much of a mixed opinion actually.
That was a very clear and understandable webinar. They painstakingly laid out the current state of affairs, signposted clearly the steps and the order, together with the associated risks.
If anyone thinks they're in a worse position now than before that webinar frankly they should sell and move on because I don't think the Kefi guys could've have been clearer.
I, for one, am much more relaxed with this investment. I'm not saying I'm looking to add more, but I'm very comfortable holding the current level of investment which has been built up from mid 0.50s p, and it's at a level comparable to other investments in my portfolio.
There seems to be a mixed opinion on here.
At the end of the day investors will vote with their money.
Never been so popular.
TST its made clear in the webinar that the second bank gave credit and board approval like the first. Saying that, kefi should have made it clearer in the Rns that the second bank had given their board and credit approvals like the first bank and the ERN investor. They did say “confirmations that quickly ensued from all members of the Project's finance syndicate” and obviously TKGM which includes the Ethiopian government are hardily going to launch the project without approval from all members of the Syndicate. Think kefi relied on the common sense of people which is I admit in this case and generally usually a mistake.
Oh TST, this is a $Billion project with lots of moving parts. You need to listen again to what was said about 'approvals' and the next steps/timescales. I'm now much clearer about what needs to happen for finance closure and the key milestones to be achieved as we move towards production in 2026. This is a massive and complex project that Kefi is extremely fortunate to be leading it (£40M mcap! lol). Of course anything could go wrong, it remains high risk, but if it progresses as planned then the SP will (eventually) reflect the value of our assets in Ethiopia & Saudi. There are risks aplenty but I'm excited by what the SP might be in 2/3 years time. If I may say so, you speak like your 'typical' AIM short term trader imo....
Just watched the webinar and thought it was informative as to timescales and why the final sign off is after some early works have been completed. More than happy to hold until we have a mine up and running.
Don't take it personally. It's actually genuine, well-intentioned advice. Up to you if you take it or not, but if I don't like a share I'm invested in, I sell and find something I prefer. Not rocket science is it.
Put me in the 'green box.'
This is a BB for discussion. They were my opinions from my take of the Webinar.
Discuss your opinion of it, rather than stupid replies.
Sell then, for goodness sake. Go elsewhere. Better for you and for us.
I, for one am not.
After listening to that webinar, I feel totally deflated.
Still none the wiser of where we are with AFC?
Nothing signed by anyone, just a gentleman's agreement, by the sounds of things.
Nothing guaranteed that this will still go ahead, even though 'we have launched!'
We are burning around $400,000/500,000 a month.
We have not paid ARTAR back as of yet.
We will not be producing until mid 2026?
Share price starting to fall.
WHAT'S NOT TO LIKE!!!
Of course Blue defender Pan African resources could be undervalued as well as plenty of mining companies especially when you factor in the higher and heading higher gold price.
I will. I don't think they are too far off the mark, though.
You're right fukutu, you need to listen to the webinar. The explanation of timescales, including the 60 day reference, is clearly explained!
It doesn't matter at this point.
Too busy to take a look myself. Will catch up when uploaded to see what I have missed. lol.
Heard through the grapevine, that another 60 days is required before it is officially and finally signed off. So, july/August then. Of course, if nothing material comes to light.
Yes. Don't forget Saudi prospects
Yep Robjm66, I think Harry did say 200,000 Oz production but not for 2/3 years I would think.
Lots of potential here for sure and I am thinking about buying more but just weighing up the time frame for these things to happen (the lost opportunity cost ). As you say lets wait for the 1.5p to revisit.
Only caught the tail end of the webinar but looks like they are aiming for much higher production from just TK, maybe with proximal deposits and certainly with an underground deposit at depth so could end up matching Pan African resources present production just from one mine. Hopefully though we can revisit this argument when kefi is 1.5 pence and the DFS on Hawiah and J Q is closer.
My only query with 1.5p now is that would value Kefi at £100 million Market Cap
Now Pan African Resources is currently valued at £500 million Market Cap in production with 185,000 Oz /year soon to be 250,000 by December with a dividend of the order of 4% and probably going to rise with the current POG. AISC of $1350 per Oz.
so is it worth 1/5 of the price with no mine at all in place? PAF have at least 4 mines
I do own shares in both companies, so just thinking out loud.
And Harry said it GAME ON
That valuation is for Tulu Kapi only, so doesn't include value of the other gold projects.
Traders will make a few percent, but i'll be holding on for the 100's of percent down the line. Life changing share if you hold on.
10p down the line is a dead cert.
1.5p now would seem sensible and will happen ..