Member Info for Fingersandtoes

Earthling - I only siad it could be SOLG2 - not SOLG1. But to be serious you are correct that I am not clear on SOLG's resources even though I did spend some time looking at the RNSs from end 2015 onwards. I can see the AU/t values but could not see what SOLG's resource estimates are. Do you know them offhand? From what I know about Kefi's resources the quoted ones are what is currently known and there has been a lot of talk of increased resources lower down - but obviousely they are unknown. Also we do not have the Saudi figures set but know there are 24 x VMSs in the licence area - so my fingersandtoes are crossed that these turn out to be massive - I can dream and dreams can come true (as did with ggp).

Just out in FT today (1 hr ago) - Barrick Gold is looking for opportunities to grow its copper business through either exploration or acquisitionsand has around $5B to spend. Already has half share of Jabal Sayid, Saudi Arabian mine. Nice if they wanted to have a share of our mines in either country....

Also, Kefi have stated that 'Saudi Industrial Development Fund provides loans for up to 75% of the capital cost of mine development at nominal interest rates'
Also see http://saudigazette.com.sa/article/581516
- Saudi The ministry has identified four drivers of Saudi Arabia’s mining strategy and has committed nearly $4 billion to advancing them.

Saudi is keen to invest away from Oil hence why they are going to list Aramco to raise around $30B - so should have a bit of cheap money to help the likes of Kefi if we need it to develop the mine to production

Could this be SOLG2 - do the same as Solg did in 2016 - started off Jan 2016 at less than 2p and went to over 29p by Nov 2016 and then onto 45p by June 2018. If we have 24 x VMSs then could be massive. Before the latest deep VMS drillings, the results of which will be announced soon, Kefi had reported - In February 2015, KEFI completed a first-pass, wide-spaced trenching programme over the gossanous horizon. KEFI’s trenches repeated all of the BRGM’s trenches, as well as
extending the known (4.5km) exposure to the south and to the north. All of KEFI’s trenches contained anomalous gold, including 6m at 2.2g/t gold, 2m at 8.7g/t gold, 6m at 1.9g/t gold,3m at 5.8g/t gold, 2m at 7.5g/t gold and 8m at 3.0g/t gold.

Can't wait till we see the results. If Australian companies are crawling all over Saudi then hopefully BHP or the like would do a similar deal that set SOLG on fire back in 2016.

Jabber - also won't be following your advice -Agu 2019 PREM - 'just keep on averaging down.... try to claw something back but hey this ain't going nowhere for a long time...... I've watched this for some years, sold up in 2018 jut before the decline, may jump back in again when this has gone down by another 30% or so.'

As we know PREM six bagged from there. So won't be following your advice on any shares - in fact the opposite - may follow you to see what you say and do the reverse.

And as we know PREM went to 0.18

Jabber - you are not an investor - just a child (or acting like one) - yes indeed lets see and see if you are still on this board when we take the next leg up. If you are shorting (if possible) you are taking a very large and sill risk - the opposite to trying to catch a falling knife.

By the way -Richardsmithsmith just posted on ADVFN - from his meeting/conversation with Harry on Tuesday evening - probably had been asked to keep quite until RNS issued - worth a read. Looks like Suadi VMS could be Saudi VMS x 20. Says drill results out any day and loads of news. Also remeber that current Tulu resource estimates do not include resources under Tulu Kapi. Fingers crossed that it could be like SOLG in 2016 - 25 bagger. GLA

I was wondering how the true value of KEFI could be calculated by compairing to other Gold miners. It is hard due to the variables involved but could we compare the Ethopian element of the company to Greatland Gold, where GGP is currently valued at £59M and no current production plan - no disrepect to GGP as I think it is a great company and been very profitable for many PIs since 2017 (me included) and hopefully will be even more so in the future. Also appreciate that GGP is got multiple exploration licences that may come good and also have Newcrest paying for the

Tulu Kapi is estimated at 1.7m Oz - and is ready to go into production and is only £9.43M, so if it generates £48M cash flow PA the it has got to be values at somewhere around £200M and that is without Saudi. If Saudi turns out to be viable then that is cream on top.

Anybody got any other comparison figures please?

Thanks Manu, hopefully he is in London to do a Proactive video on the amazing Ethopia deal or the amazing Saudi results (or both). -:)

nice one sixnoughts - it would be nice if Kefi grew by six noughts to the right of the .75 to become 750,000.00 per share. I would be happy with just three noughts,

Be fantastic if we got one good news RNS regarding Ethopia first and then Suadi the following day

that is www dot bonker99 dot com /chartpictures?chart=KEFI

Bonker99 has just done a chart on this - next step up is 1.2p if all goes well
********************/chartpictures?chart=KEFI

Don't think there is anything new here but nice to see it repeated today....
https://miningreview.com/features-analysis/tulu-kapi-ethiopia/

I have been watching in the sidelines for a while and bought in today. If we get good news from the Saudi H awiah mine and/or the go ahead from Ethopia - then will this be the next BOOM mover like Vast/Prem/EUA and will some of the money from those come this way? From what I have read then it suggests it could be but then I was in Vast (Imminent) FRR (news soon), CLON (just needs signing) and others where licences/signoff have been dependant on goverment departments and for some reason the companies seems to feel they were more imortant that running the the country. Fingers crossed we will have news on multiple fronts in the next week or so.

Thanks Bridges

Bridges - Is that meeting regarding Ghana or Bolivia? Got a link please?

Thanks for that Bridges - not far to wait so hopefully we will get great news then

Since investing in Clon I have been reading as much as possible about the Ghana position and it will be massive when it is ratified, however the more I listen to the recent Proactive video where Mr H states that 2 contracts have been signed (one German and the other Chinese) and expects to be the 3rd company to sign a contract - and says that there is a current campaign in October and expects to sign a MOU in the coming months. This sounds like a second massive potential which he says they would likely bring in a Chinese partner.

Really do feel that we are at the very start of something that will be huge in terms of MCAP.
https://www.youtube.com/watch?v=Cm1mDihuEXQ

Nice to see any sells being mopped up and overall we only had a small amount more sells than buys. I can fully appreciate PIs selling some when they see the likes of Vast and Prem increasing, however Vast getting a bit top heavy at £44M when still a long way off producing. Not sure about Prem. But if and when (hopefully just when and soon) we get our licences then Boom!! and then lithium on top. Hopefully news next week should be long enough gap after Bod's Options RNS . GLA

Can't be far off now (hopefully) before the next Ghana announcement. I wonder who we will partner with -Tullow? Aker? or Springfield https://www.energyvoice.com/oilandgas/209549/springfield-launches-deepwater-drilling-off-ghana/ - whoever it is our SP should 10 bag for starters

This moves a lot on very little buys and sells. Today there was around £18K sales and £10K buys and the mms have marked it down nearly 8%, equally when the news comes in this will rocket. Anyone selling to have a short term punt elsewhere and with a hope of then getting back in will struggle to get back in at what they sold out at and won't have a chance if they try to get in after the news arrives (IMO)