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I reckon finance will be with us pretty soon . Before 17 th is my guess
Bunsen. The share price here is a future event: no one can say for sure. But if you are genuine with your questions: buys can only make the share price rise if there are not matched sells. A cln holder will pre sell shares at an agreed price. So each buy will act against an agreed sell. So the price won’t budge until the agreed sell has cleared. Roughly speaking if there is no agreed seller, then you can’t just buy what you want. The bid would normally rise to tempt retail buyers from their shares to fill the buy. For each buy there has to be a sell and vice versa
No guarantees but I would imagine the initial news of project finance triggered in the next 1-2 weeks. That's just based on rough timeframe given by Harry on last shareholder meeting.
Alright BigBear2, I appreciate your advice. Just that I'm £500 down on this in like an hour which kind of sucks so the reassurance is much needed! Rough timescale?
Bunsen the 6p valuation is not even full value compared to Net Asset Value.
In terms of everyone piling in they will do.....at a much higher price.
Kefi have spent in excess of 50 mill to get to this stage and yet the market cap is only 15 mill.
Do yourself a favour and hold ....
but the trades all are blue - buys, never seen it so blue
the buys are against sells... what does that mean, doesnt sound good..?
The remaining sells need to be cleared first though yeah?
We don’t know it’s finished today? Or do we?
Read previous. The buys are against worked sells so the price can’t rise can it
6p? Thats ridiculous. Surely if people thought it would get to 6p investors would be piling in and it would almost get to 6p just based on the fact that its seen as so heavily undervalued..?!
The buys are going against the worked sells Bunsen. That’s why I loaded up 0.85 and have taken more today and yesterday. Hot stock rockets have moved their sell price to 6p. It’s incorrectly valued
Updating on KEFI Minerals (KEFI) towards the end of last week we noted the shares - which a contributor to this site has an interest in - soaring back above 1p as it was Government arrangements resolved, Tulu Kapi project development looks ahoy. It is thus not surprising that the company “has received notice from its existing working capital providers to convert the remaining outstanding amount of £657,500 under the loan note issued on 5 August 2019 into new KEFI ordinary shares… at a price 0.68 pence per share”. However…
“This is the final repayment of all amounts outstanding under the loan facility”, though “the final £250,000 has today been arranged for delivery to KEFI in accordance with the terms of the loan facility” – that though meaning any conversion will be based off future prevailing share prices, and the share price having currently soared further higher. That is with it updated Tulu Kapi “project equity closing processes are now being dealt with… asset level partners are to provide US$58 million of equity in a staged investment into the project, a proportion of which will subsequently be available at the KEFI Minerals plc level to fund Ethiopian-related corporate and exploration costs” and
“Based on the Tulu Kapi open pit, assume an 8% after tax discount rate applied to net cash flows… a ‘base case NPV’ of £41 million (US$52 million) at US$1,300/oz at start of construction this year if it is assumed that KEFI has to parri passu fund the project equity. If one takes into account that KEFI has already made most of its contribution to project equity and that its partners will now provide the next project equity injection, this ‘KEFI base case NPV’ is more appropriately estimated at £57 million… £100 million (US$127 million) at US$1,460/oz at start of production in 2021.”
Those are with there also further Tulu Kapi, other Ethiopia and Saudi Arabia exploration potential – and a market cap still of only £18 million. There thus still currently remain clear financial and operational risks but also very strong upside potential – and, at up to 2.5p, with some uncertainty now removed, our stance is upgraded to STRONG BUY with a target of 6p to sell.
Also, I've never seen so many buys which can only be a good thing
Alright cheers guys, all sounds pretty positive. I'll hang on till Christmas
Hold for a while and it may well be your finest hour. 6p broker target near term...
1.75 well look very cheap soon .
Your in that's the main thing .
Rns and 2.5p in a flash
I hope you’re right. I bought at 1.75p which was the peak of the day!! Not my finest hour
Bunsen- they are waiting now on first instalment of finance for TK plus drill results in Saudi against the CLN holder ending. perfect storm for me pal
Don't worry Mr burner. A very nice £51,350 delayed buy just printed from 16.19. not just beer money
hmm, well none of that ended as I would have liked or expected. Hopefully you clowns are right about tomorrow
PS - obviousely the 2012 did not translate well
Just in case anyone wanted to know where the statement from the 'Ministry of mines and petroleum' came from - it was on their FB page, which is followed by 4,700 people. It was issued 4 hours ago and It is best to cut and past the text into Google Translate and it says:
For all media organizations
Addis Ababa
The Ministry of Mines and Oil has signed a Memorandum of Understanding with a major mining company and the Australian Institute of Geology to develop a competent and competitive human resource in the mining sector.
Therefore, on Thursday, November 27th, 2012, we will announce that you can attend our office in front of the Amateur Park at 8:00 am and take additional information.