Kefi Gold Share Price (KEFI)

Hi NickE can you see the share price going past 2p before settling at 2p?

Https://www.weare121.com/121mininginvestment-london/kefi-gold-and-copper/

Kefi attending this on the 15th and 16th May Q & A confirms the anticipated timescales flagged up for funding completion.

"Estimated potential Net Operating Cash Flow (1) £137M (c. US$185M) per annum from the 3 development projects"

"KEFI targets becoming a mid-tier producer with 3 projects in production by 2026, at a net production rate of 187Koz gold equivalent (155Koz of gold)"

"What are your key goals for the next 3, 6 and 12 months?

3 Months:

Closing project finance for first development project and, in the meantime, reporting steady progress across all projects.

6 Months:

Starting construction of the first development project and, in the meantime reporting the grant of a second mining licence, the expansion of resources and the scheduled progress on development studies for projects 2 and 3

12 Months:

Scheduled construction progress in Ethiopia, the expansion of resources and the scheduled progress on development studies for projects 2 and 3"

The job ads bode well and HAA couldn't have been clearer that all their internal protocols were indicative of full sign-off by the second bank and associated documents by the end of May. He also said he would issue updates along the way during May before including an update on Saudi. The discount to the £348m NPV should close significantly on finding sign-off. There will be plenty of trading but I suspect the share price will eventually settle close to 2p and a circa £120m m/cap. Kefi is then a potential takeover candidate. HAA hinted at this acknowledging that the African junior mining has consolidated from 24 companies to just 12 currently.

5m+ delayed buy print?

As is the case in many countries, I suspect that there are government regulations require that jobs are advertised to locals first before they can be offered to foreigners. I suspect this is the legally mandated local offer which has been done through an agency so there is evidence that a professional third party has undertaken reasonable steps to make these hirews. In practice, I cannot see that there will be many locals with the requisite skills given the lack of mining projects in-country, so following the expiry of the offer date they can probably be opened to expreienced foreign staff. Still a very good sign as clear there is movement.