Member Info for ericnat17

Nice switch in L2

X2 MM moving up and now far more buy orders than sell orders.

IMHO a good chance we will finish BLUE

Yawn

I think the MM took out a a lot of stop losses this morning.

The PI will come back from work today with KEFI SP probably back where is started and all there shares sold at big discount.

Bummer

IMHO

We have very little to be concerned about. The major hurdle was the Bank Debt and its done. The rest of the funding will not be anywhere near as difficult to sign off. The rest of the syndicate members will now fall into line, there was always going to be a series of sign offs and the most difficult was always going to be first.

MREX pushing it down on the ask

Thanks SGD

Very interesting read and in its own words conservative valuations. IF gold sits around $4000 when we are producing and Saudi IPO is on the cards we could easily be well above 11p

Yes lots of support X 4 MM

We might get news on that as early as tomorrow 7am ;)

Just a bit of Fun but worth noting

“ You’re witnessing intelligent, patient accumulation by a single sophisticated party over several hours, using professional execution techniques to absorb massive volume without price acceleration. This is not normal retail or trading activity—it’s institutional-grade positioning, likely building towards some near-term catalyst or strategic objective.”

Gold prices rose on Thursday, as U.S. sanctions against Russia and possible new export controls on China added to geopolitical risks, buoying demand for safe-haven assets.

Spot gold was up 0.6% at $4,119.54 per ounce. for December delivery climbed 1.7% to $4,134.60 per ounce.

L2 looking good 24 v18

Bid on the up. auto-bot nibbling at the ASK every few minutes

Combined AI output

Yes, there is significant likelihood of KEFI becoming a takeover target once Tulu Kapi development commences, particularly during the 18-36 month window leading to first production. The combination of attractive project economics, record gold prices, growing interest in Ethiopian gold assets, and KEFI's substantial valuation discount creates a compelling acquisition opportunity for strategic buyers. Allied Gold's proximity and stated consolidation strategy makes them the most probable acquirer, though multiple potential suitors exist in the current M&A-active gold sector.

Takeover...but at what price.

I think most PI will want a very good return, many have been here for years and are well underwater still.

Yep cash flow of 3p per year once the mine starts.

they could use 1.5p to pay the debt off for a couple of years.

So at least 1p per share in Dividends then 1.5 p, then 2p.....Then Saudi kicks in to support the Dividends. Its understandable that Harry the CEO is "bemused" at the current Share Price

Harry states clearly in the latest interview that the realistic numbers add up to a "multi billion" revenue for Kefi as a company From TK alone. I think that is the first time I can recall he has mentioned Multi Billion values.

If you add in the Rare Earth in the second Ethiopian asset and the Fantastic potential of SA then we are very very undervalued at MC of approx £150 million

Sounds like it open but no one has been in it yet. Normal practice is to say that it has been visited?

L2 Opened the best for days

18v17

Despite every naysayer , KEFI’s now-locked $240m financing and imminent Tulu Kapi construction mean de-risked first gold in 2027 and major cashflow at today’s gold prices. The cap table is finally settled, major parties are aligned, and institutional backers are now in. With sector-low AISC (best in the whole of Africa) huge resource and expansion upside, strong country support and no near-term funding gap, rerating is highly probable —all development milestones will rebase this from a penny share to a mid-tier producer. Ignore short-term noise: the case has never been clearer fo revaluation as Ethiopia stabilises and Kefi rerates.

Gold prices are still up more than 50% this year and nearly 5% this month. The fundamentals that have driven the metal to record highs this year will likely persist, according to UBS. These include inflation, tariffs, threats to Federal Reserve independence and polical instability in the U.S.

Now BLUE.

Bid and ask both moved positive…. Now L2 looks good