Member Info for Fantasy

Rob - restructuring and other claims are nonsense. AP sold PP, raised a lot of cash for documentation - all in the name of restructuring for debt finance. Incompetent CEO - failed. Time to vacate the place.

well - we had a good run up to 2.29p this week and has just fallen below the resistance points at 2.2p.. It is not bad idea for a pull back, before the next leg up. Nothing goes in a straight line.

Need news from HAA for us to break 2.2p decisively? IMO

GL

Would have liked if KEFI closed above 2.2p resistance though... Not all is lost, we can have a stab at it tomorrow or in the coming sessions.. GL

smellyben - charts along with fundamentals usually helps. If HAA doesn't deliver funding, forget the targets - KEFI/HAA need to deliver on fundamentals - finance, resources, licences etc.. Charts reflects the potential upside vs downside and the outcome is never guaranteed :)

https://www.share-talk.com/share-talk-bulletin-board-heroes-wednesday-6th-january-2021/#gs.pwjps7

Kefi target : 4-4.75p :)

dvh - agree with you on the potential target price. Most of the daily chart has a top channel / resistance at 3.5p and hence the quote on 3.5p... When we get the TK funding news, I would expect KEFI to break through 3.5p top channel and form a new trading channel. I am looking at 4-5p range as the next target and with news on resources from SA, potential new licences, copper price, gold price etc - there would be plenty of opportunities to go higher.

We need TK funding news to kick start this re-rating, if I am honest...

GLA

tintin - either the news is leaked or someone is building a stake in KEFI.. Based on the last few days, someone had been hoovering up or accumulating KEFI shares. GL

2.3p here I come.. 9% up... certainly some news is due based on the last few trading sessions..

"More likely, the Black Sea. I'm sure he'd be greatly missed." - lol

yep, some decent volume or buys going through at or above 2.22p, which is a good sign..

something is certainly brewing in KEFI, what is it?? TK finance or resource update?

buys coming in at 2.15p, looks like we will have our 1st stab at 2.2p resistance very soon.. GL

steve4077 - when you sell, MM buys from you.. when you buy MM sell it to you.. MM is in-between the buyer and seller in this market. GL

I was thinking the same - looks like a sell... or the order filled at 2.10p? Lets see what tomorrow holds - will give a true indication, if its buy or sell.. GL

Nothing goes in a straight line though... decent run for the last 6 months.. with silver price in bullish territory, once 1300-1350p mark is broken we should head towards 2000p. GLA

Looks like someone is accumulating KEFI shares via 100k or 150k orders..... primed for an another move up.. GLA

some decent buys coming in... nibbling towards 2.2p... Would be great to get some news to break 2.2p resistance.. GLA

Case - AP the slithery snake, can update the market every month on production and sale, till the market feels confident about their delivery. So far, bridge failed, vessel didn't turn up and many reasons given for not producing enough earlier. AP and VAST want to hide behind the smoked screen of "quarterly updates", so that investors cannot question their delivery on monthly basis but on quarterly basis. Nothing in VAST is straight forward.

Caselogic - please don't look at just sp from 0.6p to 0.125p, look at shares in issue - from 5b to 20b+.. look at Market Capitalization of VAST. For all the uncertainty, current market value is what we see.. In simple words, POOR performance by management. I would sack the whole lot if they fail on delivering debt finance. IMO. GL

This report highlights huge potential KEFI offers - understand HAA delay risks, but offer potentially huge rewards for the risks.. SP was at 2.25p when this report was generated :) Enjoy reading..

https://www.kefi-minerals.com/files/files/Orior-Capital-KEFI-Pole-Position-22Oct20_opt.pdf

Highlights from Orior Capital report - see link in my previous post

KEFI looks compellingly cheap: KEFI looks cheap, both in comparison to other African gold companies, and also in terms of its price to NPV. The market is valuing KEFI at an EV of just US$409/oz of planned annual gold production, and ascribing no value to Hawiah, or to the company’s other assets. This valuation represents a 59% discount to a sample of 5
African gold explorers and developers that trades at an average EV of US$1,001/oz.
Valuing Tulu Kapi in line with peers, and Hawiah as a copper exploration asset, suggests a current valuation of 5.4p/share. This is 2.4x the current share price. Bringing Tulu Kapi on stream is expected to drive a substantial re-rating: A sample of
8 African gold producers, with output ranging from 55,000 oz pa to 258,000 oz pa, is currently trading at an average EV of US$3,239/oz of annual production. This is more than 3x the market valuation of the explorer and developer group. Valuing Tulu Kapi as a production asset, and factoring in modest further development at Hawiah, could underpin a valuation of 12.3p/share. This is 5.5x the current share price. Tulu Kapi is expected to commence production in 1Q23. If this valuation is achieved in two years, it would represent an annual return of 134%.

A ‘blue sky lite’ scenario – ‘lite’ because the real blue sky scenario is to discover another Tulu Kapi in the Ethiopian exploration licence area – might include an additional 100,000 oz pa production at Tulu Kapi, and expansion of the Hawiah resource to say 100mt (5x the current resource). In this scenario, KEFI shares could be worth 20.7p/share, roughly 9x
the current share price. KEFI also looks cheap compared to its NPVs. Combining the expected 65% stake in Tulu
Kapi with its 34% stake in Hawiah, the company has a total attributable NPV of US$333m at US$1,800/oz gold. This represents 13.8p/share; the shares are trading at just 16% of this valuation. As these projects are further developed, the NPV is likely to rise. Doubling the size of the underground resource at Tulu Kapi and extending the underground mine life
from 4 years to 8 years, and doubling the size of the resource at Hawiah, could generate an ‘Enhanced NPV’ of 19.5p/share. These are reasonable exploration targets over the next two years that could underpin a 40% uplift in NPV/share.