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Saudi is just another BS to divert attention on the real issues... no one in Saudi hand over money to Harry over non-existing dust of sands.. they have nothing there of values whatsoever
Harry knows it too
More drilling
More money for Harry and Co
More waiting
More useless delays
More chance of go longer to keep Harry in the job
For years they are paddling in the mud and they have managed to move backwards only
The issue is fundamental and there is no magic Harry or anyone can produce here to change that. So why lie to people and keep them on after the carrot which doesn't exists!!
I warned everyone to move on years ago...
I warn again
DYOR
GLA
Gold & copper price buoyant, (seemingly) TK finance approval very close & our Saudi assets continue to grow. If it is all real then those buying at sub 1p could make an awful lot of money...
Anyone with an avg over a penny I really hope this is real.
I'll believe 2 to 3 when I see it.
Personally I was gutted I hadn't spotted the fundraiser before last when RAB got the heads up and sold.
Looking forward to news in May as stated (or even June) that the long awaited TK finance is sorted.
At that point (or when the actual signatures happen) it’s derisked (financially) and then we’ll see a rerate.
We have to pay for Saudi, but there are many ways of doing this that still see us multiples higher than we are from here.
2-3p post finance, 6-7p based on current metals prices, accelerating as the PM and Commodities Bull markets take shape over the coming years, 10-20p achievable based on current expectations.
Plus further opportunities once we’re a mid-tier with excellent reputation - including the 15 licenses in Saudi.
What a great opportunity for wealth creation, for those lucky and brave enough to invest now.
Worth remembering TW's comments re TK farm in and the cash that it would generate to advance Saudi.
Coupled with previous RNS and discussions with interested parties, future raises may not be necessary
Your take on the current positive outlook is “ominous”.
OK 👍🏻 😂
How naive, HA has always got the placing button by his side.
I think he will let this travel above .7 before pressing it as it will upset his last bunch of buddies who came in around there at the last dilution.
All this metal, will Kefi every get any out the ground?
Can't wait to see, well just gonna have to.
We raised £5m, enough for a year. harry said burn was $200k a month, although Artar are carrying our share of cost of Saudi until TK is closed. We have plenty of powder and i suspect Harry will do his next raise around 2-3p post TK so we can crack on in Saudi. However once TK financing is closed we will generate good revenue from our services to TKGM so we will also be getting a fair amount of the $380m financing in one way or another. Its not all clear but we have clear blue sky for next 3-4 weeks to rise to around 1p-1.5p so enjoy the steady growthh as our placing hangover is gone so nothing appearing to hold us back. Gla
The only downside foreseen in the RNS is the situation with ARTAR. Nothing has been sorted?
Let's hope Harry is not planning another placing as the way this is starting to play out.... it does seem a bit ominous.
Do we know how much cash Harry has left after the last raise? I think that's the concerning bit here. I'm worried of another raised so will be sitting on the sideline for now but good rns nonetheless
It is strange the lack of buying .
The news coming up shortly regarding funding may be the straw that breaks the camels back.
I fully expect a large multi bag rise on that news.
Meanwhile I’m buying as funds allow.
There's nothing happening now it's all maybe in the future
I think the mess AIM is in at the moment punters just look at what is happening now
Ten years ago the 2 RNS'S would have sent the share price through the roof
Strange that there appears to be no buying pressure on the back of this morning's encouraging update. Maybe investors are having a snooze currently albeit the sun is making a fine start to the day.
For a company that appears to be ticking all the right boxes its still underperforming most of my other ''boring'' investments but there you go.
Its fantastic news and highlights what a good time it is to take a position in this company.
Re-rates looking great for the short medium and long term
I added a few £k to my Share ISA the other week on the assumption of one day earning dividends from Saudi.
I get evermore certain that our Saudi assets will more than make up for Ethiopia's failings!
GLA
Fully funded Saudi monster mine continues to grow and grow! A DFS on the way too!
The stars are indeed aligning for Kefi omg!!!
GLA
Hawiah is going to be an absolute monster more good news keep it coming well done kefi
Https://ivanhoeelectric.com/news/ivanhoe-electric-announces-exploration-alliance-with-bhp-to-accelerate-the-search-for-copper-and-other-critical-minerals-in-the/
https://www.ft.com/content/8b60f39a-ddc9-42ab-bbab-290e5cdb00e0
Copper
https://www.thestreet.com/technology/is-copper-the-new-gold
https://www.mining.com/web/copper-price-touches-10000-again-as-goldman-sees-stockout-risk/
“We continue to forecast a shift into open-ended and mounting metal deficits from 2024 onwards,” the bank’s analysts, including Nicholas Snowdon, wrote in a note. There’s potential for a “stockout episode” — in which inventories run extremely low — by the fourth quarter, they said.
https://www.***************************/kefi-gold-and-copper-hawiah-project-unveils-two-additional-discoveries/4121155411
The current valuation of the company seems exceedingly small compared to the results and potential here.
A re-rating is coming.
Only another 10 years we will there
These intercepts have extended the vertical depth of known mineralisation at Hawiah to 740m and increased the down-plunge extent of the Crossroads Extension Lode by a further 270m.
· At the satellite Al Godeyer deposit, a second phase of drilling comprising 4,500m has recently commenced to infill and expand its maiden MRE reported in 2023 (see announcement dated 3 April 2023).
· These two drilling programmes are on track to upgrade at least 90% of the >30 million tonne combined MRE to the Indicated Resource category, forming the basis for Ore Reserves.
recent drilling based on geological modelling and interpretation has now discovered a similar VMS copper-gold-zinc-silver system at Abu Salal located around 50km south of Hawiah.
"The recent Abu Salal discovery has confirmed that the large Hawiah deposit itself is only the first in a cluster of deposits
"Similar VMS signatures can be witnessed elsewhere on our portfolio of assets, where we would accordingly expect further discoveries to be made. GMCO has a portfolio of
15 exploration licences in Saudi Arabia.
Hawiah's status has recently been further highlighted by the granting of EL's, contiguous to GMCO's within the Wadi Bidah, to the Saudi Government-controlled company ("Ma'aden") and its local exploration joint venture with Ivanhoe Electric, which has announced that the Wadi Bidah is one of the top 4 priority targets for their proprietary deep-probing geophysical survey technology (the 'Typhoon' electromagnetic 'EM' method).
KEFI's GMCO joint venture partner ARTAR has agreed to fund the ongoing programme at present to ensure swift progress continues in Saudi Arabia whilst KEFI triggers project launch in Ethiopia at the high-grade Tulu Kapi Gold Project.
Lining all your ducks up..
Well done Kefi and progressing very well
Holding strong
GL