Member Info for Caterham7

PF has joined my other 24 idiot green boxes……

PF - maybe you’re onto something - I can’t imagine the banks who just did due diligence prior to signing off on $240ml debt package, asked any questions about history of the TK discovery, and specifically Nyota’s historical involvement.

Shortarm - Sorry, against my morals to broadcast other companies on this KEFI board, and I don’t bother posting on the other companies boards.

My investing in resource companies over last 25 years, has enabled me to retire comfortably at 55, which leaves plenty of free time to ‘play’ with my cars. I have a Caterham 620 (track biased), 1971 Lotus Elan, and soon to take delivery of a Caterham 420 which will be set up for road use and touring.

I suspect plenty of KEFI shareholders are drawing up wish-lists to spend profits on over next couple of years!

I done deep-dive screening of majority of London listed precious / critical metal companies, and I own four times more KEFI stock (by value!) than either of the other two companies I think worthy of my investment. Spotted KEFI opportunity many, many years ago - taken longer than I hoped (but with my frontier Africa / South America experiece was well prepared for the inevitable delays!) - but I do believe that within two years I will be a millionaire on KEFI stock alone . PS. My deep-dive means analysing all regional and local geological data, all mining legislation, plus an overlay of where I think gold price is heading.

At $4k gold, I should imagine KEFI will aim to get the underground gold deposit evaluated and mined ASAP!

KEFIGOLD - why don’t you move your account away from IG and to a decent trading platform? IG is the worst trading platform out there. I have accounts with HL, ii, and AJBell - none of them have gone NQ on KEFI for as long as I can remember.

Olmsey - as with all resource licences, KEFI and Gov co-signed a ‘Licence Agreement’ document. That document lays out the licence terms (ie, renewal dates going forward), and also the licence work programme and expenditure commitments. So the commitment costs are already known and factored into economic models - so no surprises!

I haven’t seen the actual TK Licence Agreement, but I’ve read thousands of these, from all round the world, cover-to-cover, and there is very little variation (fact….majority of global mining and hydrocarbon Licence Agreements are based on those documents that were developed for North Sea exploration in 1960’s and 1970’s - if it ain’t broke, don’t try fixing it!).

20 seconds of googling produced this example of an Ethiopian Mining Licence Agreement, which I suspect is very similar to the TK Licence Agreement. Read Articles 4 and 5, and if you are a serious investor, familiarise yourself with the whole document, because this is the legal document that bonds KEFI and Gov.

https://www.scribd.com/document/488977778/Ethiopia-Mineral-Exploration-Agreement-Sample

GQ - I only visit this BB approx once a week, so I’m playing catch-up with the posts. I worked as a Geologist and Exploration Manager for 30+ years in very large FTSE resource companies. We struggled for many years trying to create variations of Shareholder Value Roadmap (SVR) to keep investors happy, but in the end we gave up because the resource sector (more than any other) is impacted by many vagueries of external factors beyond company control. How would KEFI create a believable SVR that accounted for fluctuations in gold price, impact of inflation on CAPEX / OPEX, global stock market bust, political stability in Ethiopia and SA, etc, etc. Having personally attempted this more times than I wish to recollect, I don’t believe it can be done. YES - Harry could waste his time making a PowerPoint slide with aspired milestone dates, but reality is that those dates and milestones will evolve, and the SVR will quickly be redundant. All you need to know is that Harry has provided a firm roadmap for next two weeks, and beyond that, a mine will be built, gold will be produced, and the upside of additional deals and exploration success in Ethiopia and / or SA may occur. That is all I need to know to remain a content investor. I’m always happy to be proved wrong.

My average SP is now 0.62p, so SP would have to fall 50% before I start fretting. I see very little significant downside risk to KEFI SP from here.

The entire global market is in seasonal risk-off mode (November is always a sideways-down market), not helped by much speculation of AI bubble that is unsettling investors. KEFI SP is just caught up in the general market malaise. Markets usually pick-up in December. If markets were flying high, KEFI SP would be too. TK is 100% nailed-on, so I’m still topping-up (now 25.5 million shares) and happy to wait till 2027-28 and $5k gold.

Correct - material information that can impact SP, has to be released by RNS before announcement via any other means (Conference, Interview, Report, etc).

As long as its London main market, and not Australia!

£30k dummy buy on HL OK

That’s the most desperate attempt at deramping I’ve ever seen on LSE - digging out 11 year old news!!!!!

As with all global mining and Oil/Gas licences, the operator gets the option to renew the licence when the current term expires. Very standard procedure.

I managed Exploration and Development Licences for FTSE 100 companies for over 15 years.

DrBobretired = MrHumble reincarnated!

Well worth watching (1.45 - 5.40) if you are interested in POG forecasts.

https://www.youtube.com/watch?v=KTrk6EsnpWU

No problem with £20k dummy buy on HL

A laughing / smiling Harry - very upbeat

https://www.edisongroup.com/edison-tv/kefi-gold-and-copper-kefi-gold-and-copper-executive-interview-2/BM-2326/

PRD, not ORD!