Member Info for Bridgedogg1

So I was thinking today, we have a last minute delay on the project and a week later a major offensive is launched. Considering the lack of details I wonder if someone had a quiet word in Harry’s ear…

If/when the funding is delivered this will be a whole new company, multiples of current values with the potential in Saudi ever growing. Turnaround in Saudi will be lightning fast compared to TK and should provide a roadmap for future development in what I think will become a Saudi focused company.

Very unlikely you would get in under 1.7p once TK funding is announced imo but could go high so it’s a risk / reward consideration, as always. In the mean-time this seems to be drifting lower, I’d be surprised if it went very far below 1p but been wrong many a time before. I’m in and waiting for the rerate.
GLA

It’s only 400m new shares, I’m sure no one will notice. Shame we had to raise at these levels really.

It’s an important region for agriculture and cattle. I have a feeling that they will just surround Tigray and squeeze it harder until they submit.

Once the spread narrows a little going to be adding.
I have been researching our partners on the Saudi project, heavy hitters to say the least. This should move quickly into production without any delays.

TK funding announcement will give this a huge boost.

Very little downside from here.

Seems to be a major push with hundreds of thousands of troops, air and drone strikes and bombardments. Shame they couldn’t settle it.

It was just me that submitted questions prior to the meeting then? ;-)

The spread has been crazy all day, slightly narrowing then a switch to the bid in the UT trade. Basically it hasn't really changed all day, very low volume.

Makes me wonder what will happen if/when a lot of buys come in. ..

Seems to be strong support at 1p.

Not worth engaging with SR1. Doesn't even know enough to deramp properly - The investors were not 'scared off', it was Harry that notified them of the delay. Apparently security issues being resolved and getting finance done wont be good news? Jeez give me a break.

This guy probably waiting for £200 pay day at the end of the month and scared this will go higher before then. Watch him change his tune come November. Or even worse he is a prior investor who lost money and is hanging around like a bad smell.

Its worth reading through the RNS for the last 2 years, its not like this has just been sitting and waiting for the go ahead - a lot has changed at project level, nearly all of it for the better for Kefi. This doesn't deserve to be a such a low valuation but while it is I'm piling in.

I’m here for the year+ multi-bags but it’s an easy quick double your money play at these levels

KEFI Gold and Copper will make further announcements as appropriate and remains optimistic that the development phase of the Tulu Kapi Gold Project in Ethiopia can still be launched before the end of 2021 with the start-up of production in 2023, ahead of development of the Hawiah project in Saudi Arabia.

The Company’s interim financial results for the six months to 30 June 2021 will be released on Thursday 30 September 2021 and its quarterly shareholder webinar will be conducted on Wednesday 13 October 2021, further details of which will be announced with the Company’s interim results:

The Company will host its quarterly investor webinar at 4.30pm London time on Wednesday 13 October 2021 which can be accessed via:

https://webcasting.brrmedia.co.uk/broadcast/6153493e19e5bc59de7bb6ce

Shareholders are encouraged to submit questions by emailing: questions@brrmedia.co.uk

All looks good to me Stock ready, good luck on your target price but I don't think negative posts on here will help you get there.

2p pretty quickly once security issue is sorted, 3p on funding confirmation.

Production is planned to start in Q2 2023 as per latest presentation but yes funding needs to get sorted ASAP. Following required if Harry is to get his bonus this year:

Arranging a long term project finance facility for the Tulu Kapi Project and, not later than 31 December 2021, receipt by the Company of at least the first US$20 million of project funding. Additionally, Tranche 1 will only be paid when the closing mid-price of the Company's shares is above 3.0p for five consecutive trading days

If the funding comes in we know he has as much motivation as anyone to get this above 3p. Must believe, as I do, that funding confirmation will get us there. Institutions will then be piling in. Until then still risky, but also very cheap.

https://africanminingmarket.com/ethiopia-gold-exports-surge-after-crackdown-on-smuggling/8212/amp/

https://www.google.co.uk/amp/s/www.proactiveinvestors.com/companies/amp/news/962672

Q: Based on the recent dive in the share price, obviously the company doing a (discounted?) share placement based financing round would be hugely dilutive and incredibly unpopular with the existing shareholder base. Please can you confirm that the current loan as well as any associated credit facilities can be extended in terms of repayment until sometime during Q1/Q2 of next year?

A: We always have and continue to use these bridging facilities to optimise the timing/pricing of capital-raisings from the viewpoint of minimising dilution. We have lined up almost all Tulu Kapi +$350M project finance at the project level, which is because Directors are determined to minimise public shareholder dilution.

Q: What are you now going to do to get the Kefi share price back up to around the 2-3p level again asap?

A: Achieve a safe Tulu Kapi launch and the planned Hawiah milestones.

recommend it on here

Nice to be blue after such a strong day yesterday. Recovery is on. The more people that see the interview and q&a the better. Rns re security situation sorted should see us back to the 2p level, then it’s game on.

SR1 - “ If I was one of the investors or those who lost money here..” so you haven’t been invested here? Must be looking for a good entry and missed the off? Still plenty of value here don’t worry.

It’s been a bumpy ride for shareholders no doubt about it. During Covid many projects were put on hold and we rearranged the financing: ‘ significant savings by changing the mix of the proposed funding sources and in particular utilizing a more traditional project financing approach’

Then we got screwed by ANS mining: ‘ ANS Mining has not met the published deadline of 30 June 2020 for making its initial investment’

Subsequent amendments to financing meant we were able to increase our remaining stake from 45% to 65% and then later to 70%.

The financing has a lot of moving parts and non binding agreements signed a year ago in preparation for signing binding agreements this quarter. Each depends on the other to sign so it all had to come together to everyone’s satisfaction. Security is the main risk here and I’m not surprised it has caused a delay, if that’s just a 2 week delay as indicated then that’s fine.

All in all, if you take into account the renegade of the initial main financing vehicle ANS and the the 18 months of Covid we are about where you would expect to be. Maybe Harry has some culpability in not managing expectations but many unexpected circumstances out of his control.

We are in a much stronger position now than we would have been if the financing had come in 2 years ago. I dare say that would have been a bit of a disaster with a half completed mine during Covid. Now we have much higher commodity prices, strong government backing and a larger equity stake.

It has been horrible for LTH, I had a small holding and barely looked at it. Now this is my largest holding, and I think it’s one of the best mining plays around. As always DYOR.

The current NPV of the projects is £274m, 11x the current MCAP. That’s a baseline though. TK is still open at depth so potential to greatly expand the resource as well as separate heap leach operations in satellite deposits.
Similarly expectation is to expand Hawiah with current and future drills, including better grades.

The share price is at the bottom right now and imho will be much higher very soon.

Surprised people would come away with the idea that this isn’t just a small delay. I felt he was almost dismissive of the idea that it wouldn’t go ahead. No way he would be saying it would be sorted this month if the whole project is in question. Syndicate are happy to wait until it’s all ready ‘delays to be expected in Africa’. Suggest anyone thinking of investing or selling watches the video first - and then invest ;-)

Only caught the Q&A at the end but feeling very reassured. Financing nailed on, security issues to be sorted this month. KEFI NPV £274m!!