Member Info for MF2017

Still waiting for the real news.

Ponderosal - we who can read an RNS I.e. reports and updates etc. So we who read know what's there.

So despite not getting any thumbs up as I said another short skirt RNS and what only matters is the final sign off.

this is another of harry's tit's and **** rns

we know what's there. we are all waiting for the real rns. nothing less!

France warned its citizens in the area

https://www.arabnews.com/node/2593451/world

Bought value so far 66K and sold value 11K

Ermm and SP fall?

Another jam tomorrow RNS from KEFI. The upgraded resource estimates for Hawiah are definitely positive, with better-than-expected grades and a solid increase in total tonnage. No complaints there—it's good news for us long-term holders. But let’s be real: this feels like another carefully timed tidbit, a slow drip of information to keep the market engaged while we wait for the real rocket ship news.

I’m not negative, just skeptical. Has this been put out now because we’re not getting the major update expected at the end of Feb? Was that ever a hard deadline, or just our own expectations? The Saudi mining rights bid deadline was Feb, but in reality, we’re probably looking at March—late March, even early April—for any real movement.

Patience is wearing thin, but that’s the nature of the game. Another piece of the puzzle, but we’re still waiting for the big picture.

Lol. Another titillating rns.

I am feeling a tingle

I just finished reading HotRocket's latest newsletter, and while I usually find their updates informative and insightful, today's issue felt noticeably different. They’ve once again recommended Kefi as a strong buy, and there’s undeniably good news in the report, like the Saudi JV being selected for the government’s Exploration Enablement Program. However, the tone of the newsletter struck me as unusually defensive and even confrontational. Referring to someone as a "convicted felon" and mocking their analysis felt unprofessional and unnecessary, which isn’t what I expect from HotRocket.

The structure and presentation of the newsletter also left a lot to be desired. There were multiple typos and formatting issues (e.g., "wi9ll" instead of "will"), and it felt rushed. This lack of polish and professionalism made it harder to feel confident in the message, even though the underlying news itself is positive.

That said, I still maintain my speculative confidence in Kefi—not because of the newsletter, but because I’ve done my own research. I just hope HotRocket returns to their usual standard in the next update, where the analysis speaks for itself without the distracting tone and errors.

I am still here holding. Waiting patiently.

The idiot that didn't sell anything since then.

Dv harrison_ you mentioned a March deadline in your post.

Where did you get that from? Thanks

Only when it sells

Until then we are all hungry

Alanos - again. No need for insults. Speaks more to your character than mine.

Interesting point - crazy towner.

Stormpiper... No need for insults. It's a fair question given everything we've been told and missed deadlines consistently.

I recognise the difficulty of both regions. Did anyone expect this new license. How much did and will it cost us? We're are looking to exit SA not expand. I doubt the licence would entice buyers more than may have been originally interested.

It's like adding places at a dinner table for people you can't afford to feed. Table looks bigger and more impressive but no food.

So how many of us where expect this RNS today?

Instead of the financing RNS we are waiting, any ideas for other unexpected RNS news?

Forgive me for being skeptical, but the latest update from KEFI feels like more smoke and mirrors. The emphasis on majority-owned projects is interesting, but does expanding our licenses and exploration in Saudi actually increase our stake? One has to wonder if this is more about optics—did Harry suggest selling to the Saudis, only for them to counter with more licenses to keep KEFI involved?

For me, this seems like yet another distraction. What we’re all really waiting for is the finance sign-off for the TK project. Until that happens, I fear we’ll just see the same old share price drift. What we need is concrete progress and news on the TK project—the one Harry says is the company’s focus. Let’s hope we see something tangible soon.

Hi Bonkers,

Happy New Year to you too! Thanks for the thoughtful reply—I wasn’t expecting such a kind start.

Reading your points, I can see where you’re coming from, especially with the limited information I have about Harry. Perhaps you’re right—he does share characteristics with many AIM CEOs. It reminds me of UJO, another investment of mine. David Bramhill is an inspirational personality who has achieved results over time. However, communication with stakeholders isn’t always as professional or precise as you’d expect from larger FTSE 100 companies. That said, this does seem to be par for the course with many AIM-listed companies.

On the re-rating, I actually think there’s significant potential. What I find particularly interesting, and plan to research further, is how other mining companies in similar situations have handled this phase. Given the number of shares in play, a consolidation seems inevitable, but the timing will be crucial. Will it come after a Saudi sale and financial sign-off, when we see a spike to 1.5 or 1.8 pence? Or could it happen earlier, risking a loss of confidence?

I wonder if we might see a pattern where the share price spikes post-consolidation, drops to 0.8 or 0.9 pence, and then climbs again with production and the first sales. Timing seems key—consolidation too early might harm the share price, but with better-established companies, it tends to align with major milestones like production or significant revenue, which sustains confidence.

I share your frustrations with Harry’s communication and the recurring delays, but I remain optimistic. TK has great potential if it can get over the line, and joining the Ethiopian exchange might bring additional benefits. Let’s hope for a transformational year ahead and some positive momentum for this investment!

Hi Bonkers,

I’ve noticed your comments about KEFI and wanted to share some of my thoughts on the issues that you regularly comment about.

1. Dilution as a Growth Strategy:

KEFI has issued new shares, but this has been a necessary step to secure critical funding. The raised capital is being used to advance the Tulu Kapi project, finalize debt facilities worth $240 million, and strengthen relationships with government and international investors. These are important steps for long-term growth, even if the short-term impact feels frustrating.

2. Timelines and Challenges:

Delays in mining projects, especially in regions like Ethiopia, are often influenced by external factors like regulatory processes and geopolitical considerations. KEFI has still managed to secure milestones such as government approval, project readiness certification, and new exploration licenses, showing progress despite the challenges.

3. Outlook for 2025:

With Ethiopia’s Securities Exchange launching, KEFI’s expected listing could bring increased visibility and possibly a favorable re-rating. Combined with their ongoing project developments, 2025 might offer a turning point for the company.

4. Leadership Concerns:

While management has faced criticism, their ability to maintain operations and secure significant backing under difficult conditions deserves some recognition. Harry and his team appear to be working toward actionable results, even if progress feels slow.

What are your thoughts on these recent updates, like the secured debt facility or the new exploration licenses? I’d be interested to hear your perspective on whether they signal a shift for KEFI in the coming months.

I see you like TM1. Why bother wasting your time posting on another board you are not in? Are you retired or a work-from-homer? Why you like TM1 more than KEFI?

Thanks, great advice! I’ve made a plan with set price points based on what I want to achieve, but after reading your post, I might consider using a mix. Trailing stop-losses sound like a good way to lock in gains if the share price rises quickly, while still sticking to my target prices for gradual moves. I’ll give it some more thought—appreciate the insight!

But it's aim and not a company like Anglo American plc which surely better suits your comment unlike KEFI which is so volatile it's surely still partially a trade?