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I sense we are at the early stages of upwards momentum as each day passes we are seeing stronger buying and realistically we are not expecting news until the end of the month so no reason to not see this move towards previous ranges of 2.5+ pre news. Personally if Hawiah was our only project we might well have a higher valuation now. I have never been a trader so have always set my market cap target and risk threshold and just waited, sometimes just weeks and others years :) For me Abiy and EG are going to help get this over the line in time for elections. The downside risk is protected to some extent by Hawiah and in the last 2 possible dates we dropped back below 2 before moving up quickly to 2p againso even with another the downside is minimal. Hawiah is continuing to quietly grow in the background and we can expect a PFS in Q3 and more updates in the meantime. Gold at $1838 and rising is a nice backdrop to wet the appetites of investors in Kefi who can see inflation on the horizon so gold is just at the start of its ascendancy. Everything is in favour of this project getting financed so just a waiting game.
Yes, congrats to SB and ST on their respective profits.
On the cash burn topic, I’m sure I heard HAA mention in the las Q&A, that the Hawiah drilling program is funded until the end of June. So if I’m right, Smellyben is also right with his thoughts about a fundraise. I think I will have to listen to the Q&A again to check on that.
There must be some news coming this week, as HAA did say there would be a number of RNSs in May.
We shall see...........We shall see.
Good luck to all invested here.
Congratulations to both Smellyben and Secret Trader on taking your profits. The reality for many is now starting to sink in and are aware that further delays and possible dilution are yet again around the corner.... as burning or should I say spending circa £1,000,000 per month.
The geopolitical situation in the North that has been ongoing for the last 6 months is not really helping as who knows what will happen when the June elections start taking place?
We really need some RNS's to appease us investors as we are NOW into week 2 and no comms?
IHWT?????
Dont get drunk on your profit ..i bet we get a RNS tomz and you are back in the room
PS - I'll not post again until we get an RNS either way - that way I wont be accused of being a deramper !
Good luck all
For me I dont think I could forgive myself if Harry does another delay (no doubt dressed up as "final preparations/final paperwork or whatever" and does another fundraise diluting us further - not as I see that it is inevitable we need cash urgently. I was in when there were about 400million shares, now there are nearly 2.2 billion and another delay and fundraise will see us at close to 3b illion because of his and the FD's incompetence. I could be wrong and the finance drops the various stages and finlise in May and June but I guess thats the risk and I'm not prepared to take it anymore as I KNOW a fundraise is days or a few weeks away at most while finance closure is a maybe
Its all about the election ..we will get a RNS saying everything is all ready and systems all go ..but no money until ABIY wins election..then the SP will move and rerate..im staying for the long haul..getting ready for the saudi project being sold ..with a percent of future profit and TK funding other saudi mine ..so kefi get 100%
Thank you dsrt2012. It is a calculated risk on my part as there are too many "known unknowns" and I do not believe that anything of any significance will come out in May, imhho.
I would say well done SB and ST but i would say anyone who sells now ..are petrified of taking the chance ..i would say you could be right but IMO i dont think so..but its your choice and like you said a profit is a profit..you can always come back in later when the SP FLYS ..enjoy your profit
I also derisked today. Totally agree with your comments. There is still too much risk. The cash burn rate being the more pressing. However, we all know the other obstacles that need to be overcome.
A profit is not a profit until it is realised.
Buy-Sell - exactly on finance nothing is ever certain with our Chairman ! - I took the opportunity to reduce my risk today and locked in some profits and will do so again tomorrow - we literally cant afford another another delay and I'm worried about our cash levels with the current spend rate - will still retain a chunk or 2 or 3 million just in case finance comes through but wanna derisk in case we have yet another delay. "No one ever went broke taking a profit!" as Joe Kennedy (I think) said
The rug has been pulled from under people’s feet many times in the past on finance. I would say that it is sounding extremely possible this time around and I am of the thinking that the delay is potentially for the election. Time will tell and we shall see in the coming 3 weeks. Good luck to all.
Hopefully within 21 days now!
All that (undoubted) value is only unlocked when we have the TK funding sorted and that has never be so close....
i would point out these are almost the words of Harry our CEO who has said in webinars our NPV is 10p for TK and double again for Hawiah so our CEO is thinking 20p over next few years and that is conservative given this was before doubling of copper price, doubling of our resource in Hawiah recently and with a growing gold price. i think subject to TK Kefi is going to be in the absolute sweetspot with investors with multiple developments moving forwards and in particular copper that looks to be in huge demand.
• KEFI was until recently grassroots explorer and is now an explorer,
developer and hands-on operator of mining joint ventures with influential
and strong local partners in the Arabian-Nubian Shield;
• Market Capitalisation is c. $28/oz Au-equivalent on current JORC
resources, with significant additional resource potential;
• Market capitalisation is 14% of NPV8% at prevailing spot metal prices;
• NPV8% at prevailing spot metal prices represents 14p per share on issue;
• KEFI’s planned share of NPV8% of two main projects doubled since 2020
AGM.
AIM code KEFI
Share price - 12 mth 0.51p (low)/2.99p (high)
Share price 2.0p
Share turnover in 12 mths >200%
Shares in issue 2,138M
Market cap £42M (c. $56M)
Nominated Adviser SP Angel
Summary
Analyst Coverage
Brandon Hill Capital & SP Angel
Edison
Orior Capital
Share data correct as of 22 April 2021
We're waiting 300$ mil funding with a price target of 14p current NPV - 7p+ is alot more likely and that will still only be 140mil mcap
Thats exactly my thughts on it DV too! Ive already doubled mine, but there is still a huge way to go!
Those investing today could double their money on TK funding (and double again as we progress Hawiah!)....
Slowly building is what i sense. For the first time in a long time we look to be moving to MM quotes with PEEL at 2.17 so the supply of stock might become more strained but would be nice to move to a new trading range of 2.3-2.5p
2.165 192,053 08:45
2.17 200,000 PEEL 07:51
2.2 130,000 07:50
2.22 200,000 SING 07:50
2.22 118,244 08:19
2.245 200,000 SCAP 07:50
some decent buys going through this morning. GLA
Hopefully we will get a nice steady rise up to 3p this month with News flow.
Then the funding news re-rate to 8-9p June-July.
I’ve done a lot of research on copper and gold, and I Believe copper will be $15,000 A ton, and gold will be $5000 + within the next three years, by that time we should have financial close in Saudi Arabia.
If we do the share price should be 50p+