Member Info for Fantasy

2nd auction in half hour... demand surging? :)

KEFI in auction folks... :)

already started....!! from 2.5p needs Govt of Ethiopia's approval and the rest will be history :)

cherry - there is some positive news from RFC, a potential bagger from today's level :) Target price of 6.8p.. which will increase once the funding is confirmed.. GL

cherry - yep RFC "ASSUMED" dilution... RFC the broker. Kefi, the company quoted, "may"... raise via project level equity. both doesn't guarantee that it happens, until RNS confirms.. We reiterated our Buy rating and revised our target price down from 8.0p to 6.8p. We reduced our target price due to an increase in anticipated dilution as a result of the fall in the share price since our last report. We have assumed that the company will raise US$25m in equity at a price of �0.03/share (previously�0.05/share), which would result in the issuance of 638m shares, equivalent to 192% of the outstanding share capital. We have also assumed that the company secures a US$17m working capital facility.

Thanks Ninesixfour - it is not confirmed.. "may"... hopefully all will become clearer... Thanks

55% stake was this announced? KEFI expects to hold a 55 per cent stake in the project once the dilution from funding deals etc has been taken into account, which means its interest is worth around $96m, or �69m.

KEFI Minerals also shone after it upgraded the value of its Tulu Kapi gold project in Ethiopia. The junior, though, has ended its relationship with infrastructure group Oryx, which had previously agreed to provide $135million of project finance to build and operate the gold mine. KEFI said the structure for the development of Tulu Kapi would remain the same even with Oryx�s exit with the other existing consortium members still in place. At a gold price of $1,300 per ounce, Tulu Kapi�s net present value has risen to $109m pre-construction from $92m and to $175m ($151m) post-construction. KEFI expects to hold a 55 per cent stake in the project once the dilution from funding deals etc has been taken into account, which means its interest is worth around $96m, or around �69m. With a market capitalisation of just over �10m, you can see why traders were ploughing into it this week, sending the stock 26.9 per cent higher to 3.42p. http://www.dailymail.co.uk/money/investing/article-5289167/Healthcare-product-specialist-lands-big-American-deal.html

AT orders again?

PFS and trial mining licence due... exciting Q1... boring for now... but it will be exciting soon... :) GLA

Dshox - yep.. whoever sold that 600k shares... oops.. :)

Dshox - to be honest, RNS was vague. It didn't specify what was the consequences of this change - risk/timing etc. 2nd RNS provided bit more clarity, but KEFI should have easily rectified it. Everyone is clear on potential, need Govt approval and finance pkg to finalized. Best Regards

well - didn't expect to see 4p on the ask today.. not on back of the RNS we recd today anyway... GLA

well beyond where we started.. 8% up :) :)

well well well.... :)

who dumped that! 600k share.... we are up even with that dump got to be good.. :)

we are moving up.. bid and ask nudged up.. and AT at play now..

Stag - yes trigger for this potential multi bagger is finance. With Oryx gone, KEFI need to clarify next steps, what the risks are and the timings of the project. Hopefully there will be more news in the coming days. But certainly disappointed with Oryx pulling out at the last min.

Ionic - even today volume, i was expecting it to be a bit more trading... but not many sells... looks good overall.. nothing less than 3p to buy.. so something def in the background to replace Oryx, based on trading reaction IMO

drawdown was suppose to be End or Mar'18 or early Q2.. slight delay not not big in bigger scheme of things Drawdown: target timing to be synchronised with community resettlement and the triggering of procurement and construction in Q2-18. Remains subject to completion of due diligence, regulatory approvals and execution of binding documentation.