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Gavster, yes gold is really flying today and may go way higher when the dow opens later,it would not suprise me if we climb back to 22p levels by close today. We are so undervalued it is getting near joke levels now.
Nice :-) the mm,s will attempt a mighty treeshake today IMVHO but i predict any cheapies on offer will get hoovered up fairly quick.
Is looking we may have a good close today and lively open,volume on the buy side is building and word is getting around what value is on offer here with the key finance a matter of weeks away,should get an instant re-rate of 3 times current SP and maybe an initial spike 4-5 times.
Im adding as many under 1p as i can :-)
I should add that we should also factor in these much higher gold prices,because they are currently heading for 20% higher than the project modelling.That may not sound much but over the course of mine life that is a huge amount of extra revenue and that is what has re-focused the minds in the finance syndicate. They want a piece of the pie while its at record levels IMO
I am still expecting a nice close / open here tomorrow once the news is digested and understood and the factors that lay behind it....you will see lots of FOMO here
Pedro, i think we know that we are heading for a re-rate of at least 3 times current SP ,the marketmakers will be aware of the timelines now getting very near and will have to take Kefi more seriously. They are also aware of the rapid progress in our other assets in Saudi :-)
Im adding as many as i can under 1p for the big re-rate.
This was some very interesting comment : remember the previous spot price for modelling was $1864 but is now $2150+ hence the urgency now being sought by the partners :-)
"“Our modelling and production profile for this high-grade open pit gold mine, based on a gold price of US$1,864/oz (versus current spot of US$2,170/oz), shows sufficient cash will have been generated at the proposed time of repayment to repay these ERN in cash at the time they fall due,” said Anagnostaras-Adams.
He said the company has also received confirmation from the co-lender, Africa Finance Corporation, that its approval processes are “underway and progressing well” for its-intended US$95 million investment, which would provide the balance of the required funding for project launch."
I think this is the news many had been waiting for ,it is now apparent that all the key parties involved in the finance are very keen to see this project up and running as soon as possible. Harry should get some credit for assembling what seem some very decent partners on what will be a flagship asset in the country. I can see some "smart money" start to move into Kefi shares from here as the finish line now approaches fast.
It is also worth considering that the huge increase in Gold prices,more than make up for recent funding and dilution, the key partners will be keen to make the most of these high gold prices by speeding up things as much as possible. I think Harry is giving us that clue in his words today.
Im adding more here and also having additional in my ISA :-)
Looks like the glitterati want to take us under 20p again to test the resolve of the snowflakes, we will be back though and see as a top up opportunity :-)
L2 is looking really good now - first time since the placing , signs of some real upward movement pending here.
It is looking increasingly likely that placing overhang is going to be gone soon,and when it moves it could move very quick indeed IMO
Looks like we will be on the move soon, that overhang must be on fumes now and we will be clear possibly by end of today IMO
I think my trades will be in the delayed data later :-) very tempted to grab another £50k
Well its moved us up already :-) we could be on the move now
Really good overview there on need for our assets :-) one thing to keep in mind is ur new CEO has a strong track record of delivery and a nice habit of getting positive newsflow and PR out in any new roles.
RNS could land anytime here IMO
I will be trying to add another £45k worth in the next auction -)
It could be today that placing overhang clears IMO , very tight real spread
Level 2 looks very strong for a nice move up ( mega tight spread ) some big buy orders being filled ??
Is looking like we could be clear of the placing either by end of today or sometime tomorrow ,has the tightest real bid and ask since the placing now and we know what happens next :-) i also think the BOD have been waiting patiently for this to play out before giving a juicy update. Will be adding another sizable top-up shortly :-)
Patryk, yes the usual shenanigans from what seems a solo ii , i think we could and should be testing the 27p levels before long. There are many deep pocketed companies looking for solid producing Gold miners and very few available for anywhere near fair value....thats why this in my eyes PAF is nailed on for a T/O and i would be astonished if not currently being run over the slideruler by someone.
Im adding !
Has been some while but it appears the placing overhang is near to clearing, it would not suprise me at all if the BOD drop a big RNS on us shortly.We know there is much going on behind the scenes :-)