Member Info for Crisu

@Xhita

Sounds good if true, but you got all this information from where?

Are these areas located near the mine to be built, so that it can be used for processing?

Ebler is spread through blood and other bodily fluids that one must come into contact with, similar to AIDS.

Why close the border? Its not spread by air.

The latest news i could is from Jan. 2026

In this calculation, the kefi valuation would correspond to around an annual turnover. That seems a bit low, or am I missing something?

We could write about this and that all day, but in the end, only the following points will drive Kefi's share price up:

1. A takeover bid above the current share price

2. Rising gold prices

3. The discovery of large new gold deposits or other minerals, ideally near the mine to be built

4. Regular written detailed construction progress reports with accompanying photos, just like other developers do. Not just the usual blah blah from Harry "construction is progressing etc."

5. Revaluation of existing reserves/investments or other licenses

All the other discussions being held here, such as who wants to drive the share price up or down, etc., are a complete waste of time. You'd be better off getting a beer and sitting on the balcony. You'll get more enjoyment out of that.

If Xhita is a ramper, then his work not work wery well since the sp is on a downward trend. So why should he continue without effect? Make no sense to me.

As I've already mentioned: what's written here on the board has absolutely no influence on the SP. People are deluding themselves when they think they can influence the share price through what they write here.

PS: @Xhita are you not in africa now without intenet for 2 weeks? This is what you said but you still very bussy here.

You're completely exaggerating if you think that what's posted in this board has any effect on the stock price.

Most people don't even know anything about this board.

Where you get live satellite pictures?

@Xhita

I appreciate your detailed information such as pictures showing the construction progress, etc. , but where did you get it from?

This will not happen until there is visible construction progress at the mine and/or official progress reports like this one from Montage Gold:

https://www.montagegold.com/_resources/news/2026/20260514_Montage-Gold-Reports-On-Its-Q1-2026-Activities.pdf

Harry's empty talk about "things are moving forward, etc." is completely useless.

@RetiredBanker

I cant believe you are an ex Banker reading the nonsense you are posting.

If you not know how a share dillution is working ask google before posting here.

And by the way:

Kefi is already fully funded to start production. At least this you should have known. They raised more than 300 mio. to build the mine and for the first 2 year opex.

Since the cost of gold drilling is such an important topic here, and apparently you can't achieve much with 6 million USD, I asked Gemini about the costs:

-Rotary Air Blast (RAB) drilling: $12–20. Cheapest method for very shallow surface samples. Yields only loose rock powder.

-Aircore drilling: $18-40 USD. Good for loose subsoil and initial rapid screenings down to approximately 100 meters depth.

-RC (Reverse Circulation) drilling: $30–120 USD. Fast method for medium depths up to 500 meters. It yields rock chips.

-Diamond core drilling: $85–$400. The most expensive but most precise method. It yields a solid, cohesive core for the exact determination of gold content.

https://novoresources.com/exploration/glossary/drilling-techniques-costs/

https://www.platinumdiamonddrilling.ca/post/cost-analysis-of-exploration-diamond-drilling-projects

I think with 6 million USD you could drill a whole series of holes and at least determine whether there's any gold present at all.

Obviously, it's not enough to determine the total size of a deposit, but that's not the point in the first step.

The point is to determine whether there's any gold at that location to justify the costs of a comprehensive and complete drilling operation.

And for that, 6 million USD is perfectly sufficient in the first step.

Tulu Kap Mine:

First gold production: Planned for early 2028.

Commissioning: Targeted for late 2027.

Full production: Targeted for mid to late 2028, with an expected annual output of approximately 140,000 to 200,000 ounces of gold.

@xhita

from vox some days ago:

https://www.**********.com/articles/kefi-updates-on-saudi-assets-jeff-rayner-returns-006e634

"at the same time, jeff rayner has rejoined kefi as head of exploration. jeff was kefi's inaugural managing director, then focused on grass roots exploration which, under his leadership, led to the early discoveries in saudi arabia, ethiopia and elsewhere.

his skills and experience will now again be used to lead kefi's exploration initiatives as they are prioritised and to support the saudi joint venture wherever appropriate."

to me, it looks like he'll now focus on exploration at kefi.

so, what i already said today:

expanding the tulu kapi resource

and/or

finding nearby resources to supply the mill with more materials. i can't really imagine anything else under the heading of publication.

or what you understand by "his skills and experience will now again be used to lead kefi's exploration initiatives"?

kefi want to do more exploration 100% for sure and expand the gold resource in ethiopia.

Oh boy. Again one of those days

Gold very strong, miners very strong too and guess who is down again?

Nothing can move Kefi up.

If rising gold price cant move SP up what can?

Of course, he wouldn't announce that publicly right now.

First, he needs an evaluation.

Then such matters are initially negotiated behind closed doors.

From their 2017 NewGenGold 2017 presentation:

https://www.kefi-goldandcopper.com/files/files/KEFI-NewGenGold-Conference-Pres-14Nov17.pdf

"A high grade resource under the open pit is open along

strike and presents a potential underground mine;

A large EL (1000Km2) containing a number of shear

hosted gold and VMS deposits is reserved for KEFI for

potential sources of additional mill feed at Tulu Kapi;"

This now only needs to be confirmed through additional drilling. They would have enough money from the sale of the Saudi stake. They could even partially repay the Tulu Kapi loans.

It makes perfect sense to me, at least, that Kefi is now conducting an evaluation of the Saudi stake in preparation for a possible future sale.

In my opinion, in addition to the mine construction in Tulu Kapi, the following will also occur:

1. They will sell the Saudi Arabian business. I don't know how much that will bring in. Maybe around 80 million GBP.

That probably puts an end to all discussions about future capital increases.

It makes no sense to me to maintain this minority participation there.

2. They probably have around 6 million GBP available for drilling purposes. While this isn't enough to open up a completely new deposit, it's sufficient to drill some pretty deep holes to at least determine if there's any gold there at all. If so, the boreholes can be widened using the aforementioned funds.

And so, in addition to the known Tulu Kapi, a second or third might be found, ideally near the mine now being constructed, allowing the same infrastructure to be used.

Just imagine if they find a new deposit or an expansion of the existing for ~1 million ounces more and what that would mean for the valuation and life lifespan of the mine

More than 3×

Not bad in 2y from now

in my opinion, far too much is being read into the share price development than is actually the case.

just look at the performance of, for example, 1911 gold ($aumb):

the price has fallen from cad 1.38 to cad 0.87 in the last two months or so. -36%

this is an existing mine in canada that will go into full production next year. no war, nothing needs to be built, no management issues, etc.

there was absolutely no news and no new shares issued.

nevertheless, the share price has fallen by almost 40% from its peak.

why?

because the mining sector as a whole was simply weak.

but you here are endlessly discussing about war and peace in ethiopia, posting about a youtuber who's sitting somewhere in ****stan and has to stream something all day to generate clicks without indication of any source, or about future stock placements and harry's management mistakes.

or the best about a war in mali.

all of this is complete nonsense and has absolutely no effect on kefi's share price. the sector is generally just weak.

the only thing that truly matters is the gold price and the progress of the mine construction, not what else is happening, such as a youtuber in ****stan posting all day to generate clicks or harry good or bad management ect.

the mine is already under construction and the government is involved. there's not much that can go wrong now, except for bad public relations or weak gold price.