Member Info for eshaitan

I would love to but I’m based in Brisbane at the moment. Now which news is going to come before that meeting, finance news or drilling results to confirm this monster deposit in Saudi?

Listening to TW’s podcast he spoke to Harry the evening before the placing and was made an insider. Harry intimated financing should be complete in December. TW not too happy about being diluted, felt they should have raised after the financing was complete but understands they are keen to get drilling in Saudi. Still looks cheap.

I’m surprised Centamin or some other gold company that is generating cash and wants to diversify geographically haven’t tried a takeover of Kefi. It would be accretive fit their shareholders.

All the more reason this financing will get done.

Kefi will have its day soon

I will be joining you in buying tomorrow After selling out last week. I listened to the webinar and couldn’t see the problem. Harry seems like a straight shooter and just tells it as he sees it.

I bought back in on Friday. The company has come so far in the last year but the mcap hasn’t followed. I expect this to rerate on the next trading statement as well.

It depends on delays I think. I wasn’t exactly enthused with today’s RNS. What’s to stop more delays over Christmas?

I took my profit and sold my 3 million shares at 2.52-2.54p. I think there is a very strong chance to trade this and buy back cheaper.

Non binding to me says nothing has changed since the last update.

I read it as a delay as the funding is non binding.

Excuse my ignorance is there a clause that says they need African partners? Couldn’t they just run the entire project alongside the Ethiopian government if they don’t come through the diligence process?

I think we should point out to the naysayers that it’s still October! Give Harry a chance to pull it off there’s plenty of time yet.

Exactly. The price rises and falls at the moment are just froth. It’s a hold until news arrives, and at $1900 an ounce it’s only a matter of time.

Like many of you I stuck my head in hoping for an early morning RNS. Still nothing but very soon hopefully! See you same time tomorrow...

Nice to see the rise for you unvrkw. Kefi is edging up as well, maybe we will both get company news and a rocket up the share prices next week.

If news can hold out just one more week before getting finance I will be topping up on Friday.

But of news comes earlier I can live with that!

The strength of the case will be proven when they sign up a third party litigation finance provider. Fox in their latest interview think that will be in the next 2 months. At the moment Stephenson Harwood are prepping the case but they will need that guaranteed backing to proceed further.

When that third party provider guarantee to fully back the 2-3 million in costs it’s game on.

Assuming the financing goes through the market cap looks crazily low. $1500 gold looks cheap and that will throw off $200 million straight to Kefi for this one project. $1700 gold $300 million.

I’m not sure what my target price is with the other 2 projects in the wings. North of 6p I think but I will reassess in a year when more drilling has been done in Saudi.

Can’t see anything happening this week or next.

The management were flying over early October but isn’t there a7 day quarantine Period as well?

On a risk reward it looks good at these prices.

Every country is crying out for increased infrastructure spending and foreign investment during this pandemic. The political will is there.

I have bought nearly 3 million shares. I will be very surprised if we don’t get good news this month.

Litigation was touched on again in the share prophets interview. It’s well worth the 99p for a listen as it didn’t waste time covering what the company does it was straight into questions. I thought there was some very revealing information as well, I really recommend it.

Happy to be wrong if you guys do well from this.

I think I will look again when I’m sure block sales have resumed which really means keeping an eye on the airlines resuming flights and quarantine restrictions easing.

The balance sheet looks a little weak, with payables higher than receivables but it’s a very high geared business. If the slab sales are running for all 3 Announced Kosovo projects and they get paid from all 3 each month they may be okay.

Not me sorry. I’m out again.

But as always will look on with interest and will pop in time to time.

I’m going to have a look at KEFI it’s going to be an interesting few weeks there.

Just had a chance to skim the half year. Got to get back to work.

Crazy that 3rd party cutting contracts and the factory which are meant to iron out the revenues and cash flow for each half have actually produced next to nothing.

Hmmm.