Member Info for Crazytowner

What an absolute load of rubbish smellyben

Kefi will be able to recover from the financing package circa 5-10m for the project costs since early works launched.

It is common for banks to provide bridging facilities at this stage of sign off

Further more, kefi remains in discussion with interested parties of the Saudi asset. But are in no rush at all.

If there was any risk of dilution they would firesale Saudi as it provides a better outcome than dilution at these levels

It would certainly be extremely positive for the meeting to kick off having just ratified AFC.

Just imagine the share price if it does happen tomorrow :)

Fukutu,

I guess that depends on the individuals view of what a while off is.

From last weeks RNS :

"Cost updates and certifications are currently being finalised ahead of the signing of detailed definitive agreements this quarter. Once these costs are certified, the Company will be able to sign and launch Major Works within the following month or so and lock-in the fixed price lump sum components.

The various Government and other formal processes (including AFC country membership) are on track and working towards the same timetable"

Only 8 weeks to the end of the Quarter

We know the events which are which are critical. The share price will react in waves leading up to and on the news.

Short Term

- Government Ratification (In the next few weeks)

- Financial Sign of (Shortly after the above)

- Construction start (1st July)

- Cash Draw Down & Kefi repaid for expensed to date

- Saudi Sale (At sometime. Keeerrrching, Goodbye any dilution ever again)

Mid Term

- Take Over of Tulu Kapi (Very likely)

Longer Term

- Production (Boom)

- Exploration Konso

- Recover surrounding licence areas

Good comparisons with Rio2 guys. It is the closest match to Tulu Kapi out there.

For those who haven't already, it's time to load up, sit back, let the market do its thing and make a shed load of money over the coming weeks / months

Looks like very strong buying with the size and price of trades

Not sure where you are getting 6 months from, production is due to commence tail end of next year

Bonkers,

Ethiopia had civil conflict from circa 2019 to 2022, a corrupt minister of mines and the Covid epidemic.

Understandably, these events which were completely outside of Kefi's control had a massive impact on timelines and analysts prior views. For you to be bringing them up now shows either a lack of knowledge, understanding or simply being disingenuous.

The good news is that Ethiopia is undergoing a dramatic change with a many businesses now wanting to establish themselves. Our recent mining contractor paying to be involved clearly illustrates this.

NPV's are a good guide at this stage as to the value at production start, at which point free cash flow takes precedent.

Tulu Kapi is forecast to generate circa $250m per year in distributable cash, circa 2.5p per share per year, for 8 years.

A share price around 12 - 15 at production start next year is perfectly reasonable in my opinion.

The share price will now simply make its way towards it in waves

There will most likely be a takeover offer following finance sign, obviously the closer to production we get the higher the offer will need to be.

Strategic investors will be beginning to get involved and having to buy from the open market.

There is a reason why mining contractors are literally paying to be involved in this project.

When Kefi is in production next year this will be 12 - 15p. It won't be a straight line, but the direction of travel will be unquestionable.

Holders will be looking at their Kefi holdings in the coming weeks / months and see ridiculous gains off the back of the re-rating waves.

It's also worth remembering theanalyzer that both banks boards have approved the financing and contractors have been told to be ready to commence at the end of next month

The most nailed on short term multibag on AIM at this point in time

Obviously in my opinion

:)

Level 2 look strong on the bid

The rerate is just starting

From last week's RNS

"Cost updates and certifications are currently being finalised ahead of the signing of detailed definitive agreements this quarter.

The various Government and other formal processes (including AFC country membership) are on track and working towards the same timetable."

Today's RNS is a nice confirmation that things are progressing

It's being fast tracked so could land at any time during the next few weeks.

Parliament sits on Tuesdays and Thursdays

Fully agree Stebo,

Even an inexperienced investor can look a the proven Lassonde Curve and see that we are entering a very high value growth phase where finance is sorted, construction commences and strategic investors move in.

Stringer,

At 4p, that gives us a market cap of 425m USD which is about the size of finance package plus Saudi.

Tulu Kapi NPV at construction start is about 1.2bn USD @ $2,800 oz

The value gap that needs to close is phenomenal, which is why some are having a hard time believing the numbers.

Make no mistake though, it will close

Personally very relaxed about the whole thing now

My current view, fwiw

End of next year when we start production = 12p

On Ratification = 3p

On Financial sign off = 4 to 6p

On Saudi Sale 6 to 7p

I think we will get taken over at about the 7 to 8p mark

Fridays rise was a nice little appetizer for whats about to happen here

The SP increase will have got people looking who perhaps were not aware of Kefi recognizing the huge short term gains available.

- Finance sign off (Imminent)

- Saudi Sale (A couple Of months away)

- Take Over (This year in my opinion)

Who cares how many accounts people have now, sit back and watch the fireworks

Serendipity,

I am personally expecting it to occur this week, following week latest.

My reasoning is that back in February Kefi were expecting it to occur within the monthm

This suggests there shouldn't be a delay in being put before Parliament following the now given unanimous approval from the council of ministers.

I don't use twitter / x

But here is the source I trust

https://www.ena.et/web/eng/w/eng_6513255