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Whether that will be advantageous or not for us is debatable as strange behaviour in the sp!
Despite Allied Gold starting years behind Kefi, with its Toronto listing last month it now has all the funding in place to develop Kurmuk with first gold pour Q2 2026.
Have any of the mad bulls here been able to join the dots yet?
I am mad lol. So what do the joined dots mean??
I thought Kefi was to be "First cab off the rank?"
Is this not the case now?
Because they dont have to rely on creditors stumping up the cash. They are cash flow rich, and the $500m raised includes $40m from the management / directors themselves.
Allied Gold operates three mines in Mali and Ivory Coast that produce about 375,000 troy ounces annually. They aim to lift output to more than 700,000 ounces over six years investing $500mn in the Kurmuk project in Ethiopia. In that time, the company aims to triple core earnings from $200mn to $600mn.
What does kefi have ? no cash, no cash flow, no gold. Entirely reliant on lenders.
The dots are if Allied are happy to invest half a billion in Ethiopia some of it from the owners others will be willing to invest. Obvoulsy takes longer when you do not have a couple of hundred million lying around.
Eh, is that Allied Gold who are down 20% in the last month? And have a mcap of over a billion ...... KEFI are currently less than £30m mcap.
Where do you think both companies will be in a month's time, or a year's time, or five year's time??
If you want to make money quickly via appreciation, then KEFI is the place to do it
Market cap because of $1b because
1) they produce 370,000 oz of gold... annually..
2) target to 700,000 oz over the next 6 years
3) $500m + in cash
4) over 4 million oz in gold reserves
5) they produce oodles of cash flow
That's why they have a market cap of $1b (minus $500m of cash.. which is $500m market cap).
Either you are acting dumb or deliberately misleading
they are happy because its already a gold producer.. has been for years. 370k / year
they reserves... RESERVES of 4m oz (set to increase to 8m)
they have cashflow... loads of it
what does kefi have.... NIL
I think you are the one misleading. All well and good if you had owned Allied Gold during their expansion, but if you are hoping for growth and potential increase in value it's pointless. People invest in KEFI for it's likely mega growth potential.
Have you got burnt by Allied Gold or something (down 20% in the last month) and so you're trying to pump it?
Lol that's why investors stumped up $500m recently because there's no growth.
And kefi has lost 50% in c4 months. what's ur point ?
The point is that by Christmas there is a very good chance that KEFI could be 3p, 4p or even 5p.
Allied Gold is not going to rise 20%, never mind 500%-800%.
Yours comparison it completely pointless. It would be like me comparing Allied Gold with Newcrest.
You are stating what has been the staple spiel for nearly a decade. typical moronic pi trash.
here's what will be.. I am 100% sure.. it'll never be 3p, never mind 4, 5 or higher by Xmas. totally confident of that. not could be, not should be. not may be, not good chance... but Will bang on never be .
Stebo
If they manage to get the finance signed off this share will become a trader's dream they will ride the price up and down for the next thirty months
The market wants to see production for the multi baggers
100% sure - says Condor!!
SOO what.....
( ・_ゝ・)
When the skeptics are arguing about how much it will multi bag and allowing that it will spend time going up you know they do not even believe themselves half the stuff they come out with.
https://www.2merkato.com/news/energy-and-mining/7527-ethiopia-expects-to-generate-usd-500-million-this-year-from-mining (Ethiopia mining)
https://addisstandard.com/news-imf-forecasts-ethiopia-gdp-to-grow-at-lower-rate-than-govt-figures/
“According to the IMF’s recently released projections, Ethiopia is expected to achieve a 6.1% real gross domestic product (GDP) growth rate by the end of 2023, with a 6.2% growth rate predicted for 2024. The IMF also reported a 6.4% growth rate for Ethiopia in 2022.”( The IMF forecasts UK GDP to grow by 0.5% in 2023 (up from 0.4% in its previous forecast) and by 0.6% in 2024)
Condor-man, I couldn't really care what you think, or where you think this will go upon financial closure. Even worst case the sp is still going to do 100%+. Allied will likely never do 100%.
The point I am making is that your mask has slipped and you've shown that by referencing Allied Gold you're only here to spread misinformation. You know that KEFI is a growth potential and Allied is an established company, yet you're trying to use this to say that KEFI is junk.
Your comparison is like saying a BMW M3 for £5,000 is a bad deal because it's not as fast as a F1 car..... just a ridiculous attempt to take down KEFI.
Struggling to figure out your strategy though - are you pumping Allied because you've got screwed there, or are you trying to drive down KEFI for a lower entry point?
How many Kefi shares do you have Condor…virtually none I expect……..why waste your time here. The most vocal posters are non shareholders……..say no more……
"referencing Allied Gold you're only here to spread misinformation."
you accusing HAA of misinformation ?
"this to say that KEFI is junk."
you'll find that kefi being junk has been achieved all by itself. no need for there to be any comparisons with other companies.
Which Christmas.....any one who has followed Pinocchio Adams's career will know that he has consistently led shareholders a merry dance for years about when the monies would be in the bank and mine operations starting . There is a faint hope that s/thing will happen this time but his track record of being economical with the truth is truly appalling
Which is precisely what presents potential investors with such a golden opportunity. Yep it's a risk, but if this was one of the majors then the sp would already have priced financial closure in and the sp would be 2p+.
Keep in mind that the mcap is currently only £27m. KEFI could be a £billion within a few years. If you want low risk, stick your money in a fixed interest saving account for 5 years. By then you might have kept up with inflation if you're lucky - KEFI investors could be millionaires!
More woe than Ho! Ho! Ho!, then fever treeman.
That's your opinion. It's completely at odds with reality, what's been happening on the ground in Ethiopia, and what the Ethiopian government all think, but if it's not for you I am happy to buy whatever shares you have.
I've set a target of Thursday to get all my buying done - the biggest risk for me is that the RNS drops before then.