Member Info for BigBear2

The NPV of KEFI’s planned 45% beneficial interest in the Project open pit ranges between:

? 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 (US$74 million) at US$1,300/oz; ? a “current gold price NPV” of £100 million (US$127 million) at US$1,460/oz at start of production in 2021; and ? 5 (KEFI’s base case) to 9 times (current gold price) the current market capitalisation of the Company of c.£11 million (US$14 million) following the issuance of these new shares under the Loan Facility.

Bunsen do yourself a favour and read the broker notes on kefi website and look at the presentations.

Quite simply @ 0.7p the market was saying TK was never going to happen.
We now have government confirmation it will happen and are awaiting triggering of 60 mill or so of project equity.

To be clear the NAV of TK alone is in excess of 5 times the current market cap.
Once project finance is triggered and the money is in the coffers the mkt will have no choice but to close the gap to NAV…….
And that means multiples of this market cap. Will we 5 bag in 1 day – of course not, but once it settles down and as each milestone is passed we should be looking at min 70 mill mkt cap IMHO.

I’ll let you do the math on that…

Heve to admit EyeGuy I am staggeered mor e folk are not taking advantage of this low SP...
In for a trade......no problem short term hold till next imminent news
In for the medium haul - stay till production started
In for the long haul - stay till production and full saudi results

With these 3 scenarios all offering huge upsaide whatever your time holding the stock is it seems a complete utter no brainer...

MMs seem happy to keep it at 1.7-1.8.

Unless Art pulls a Rabbit out of the hat its obvious he has to place to keep the boat afloat.
The problem is with COPLs cashburn any dilution is monumental and you would assume a discount to current SP...

I am just going off what Harry said.... And that is that they are a current holder and that we can at some point expect a tr1 when they go over 3 percent.
Either way not fussed this is undervalued period

200 - I need Shares badly but do not take the stock down.

RNS Logged?

Been right last 2 times...

Lot of new MMs appeared -Cantor sat on 2.25 waiting to join the party...

You are assuming:-

a) they have not been forward sold
and
b) they actually want to sell at this point

Harry has already pointed out the CLN providers are existing holders and will only be selling some of their stock...

V different to having someone like YA on board...

MM signal to gap UP

Sort it out MMS

I agree we should get close to fair value when we get the money in the bank RNS.
I also look forward to seeing how much funds Kefi will receive on finance trigger should be a few mill......

The higher base we are at pre RNS the higher we open on RNS day

Better it comes next week let's crack 2p first.....

It may not be as nuts as you think if you stick around for 5 to 10 years but of course most of us won’t.
It’s been posted here before but the broker targets up to 10p or based solely on TK mine only. There is high grade deeper stuff plus also numerous other targets in Ethiopia.
Saudi is essentially virgin soil rich in minerals and Unmined zero in the price for it so yea in 5 years time kefi could have a mkt cap multiples of the 10p medium term target.
For now 4p is min fair value post finance trigger with that figure rising as we near production.

Surely just the last few bits of easy profit being worked for CLN holders around the 1.7 range....
We've all seen this type of thing before at UKOG and PREM when the CLN seller is done the book will change and this goes up in big LUMPS....

Don't count on no more placings. This one is just to get the survey done.
He will of course be looking for a free carry in farm in, but if he does not get that its more equity for TRP share of costs, whatever that may be,

At the close
Shrewd investors loading up.......not long now

simple solution.....IF there are CLNs not still being sold to the market take advantage of the headwind they are providing to acquire cheap stock. The alternative is you wait till they are fully done and you pay top dollar....