Member Info for Nigelwilliams

Edison latest report, valuation @ current metal prices suggests 11.19p/share.

https://www.edisongroup.com/research/the-finish-line-comes-into-sight/BM-2299/

Written in the 30th of September‘s RNS

Shareholder Meeting

The Company expects to convene a general meeting of shareholders in November 2025 to approve certain elements of the Tulu Kapi project finance package requiring shareholder approval, such as the debt package requiring approval under KEFI's Articles of Association. Further details will be announced in due course.

He’s even mention this in his last share chat

It was never going to be full Financial Close today

Way too many stupid bedwetters involved here.

Good luck to all the long-term investors

Your post translated.

The text is in Amharic and appears to be an official announcement or notice from a government ministry, likely related to mining and petroleum, based on the contact information provided. Here is a general translation:

⸻

"The Ministry of Mines and Petroleum announces a new ethical code of conduct for employees.

(Date: February 6, 2018) The Ministry of Mines and Petroleum emphasises the importance of adhering to the highest ethical standards in the workplace. This initiative aims to improve efficiency and accountability while promoting transparency within the ministry.

Employees are expected to demonstrate professionalism and integrity in their daily tasks, ensuring that their actions reflect the ministry's values. Ethical breaches will be subject to strict consequences, emphasising the ministry's commitment to good governance.

For further information, follow us on:

Twitter: https://twitter.com/ministryofmine_

Website: www.mom.gov.et

Facebook: https://www.facebook.com/minesandpetroleum/

Telegram: +**********-anetmkg-wy2ywm8

Email: info@mom.gov.et"

⸻

The translation might not capture every detail precisely due to context sensitivity, but it covers the main points.

Newmont‘s market cap is $103 b, they produce 1.5m oz per year so approximately 7.5 times more than what we will.

Production and Costs: Achieved gold production of 1.5 million ounces, with all-in sustaining costs (AISC) controlled at $1,375 per ounce, below the industry average. But higher than ours.

So our 200,000 ounces per year could equal a market cap of $13.7 b - £10.2 b = £1.07 -20% = 85p, (80% ownership)

We could add another 50,000 ounces (15% ownership of 300,000 ounces Saudi Arabia should be producing in 3-4 years)

So we managed to expand our resources in Ethiopia, and with the ever increase in gold price £1 per share looks possible in the next 3 to 4 years.

Good luck, everyone.

https://nai500.com/blog/2025/10/in-depth-analysis-of-2025s-most-promising-mining-stocks-newmont-and-mp-materials/

Goal has just hit $4180, I can’t see a problem getting this over the line. Good luck everyone.

So they’ve issued £ 1/4 million worth of warrants and the share price drops by £20 million obviously to many bedwetters on here.

He clearly issued the warrants to demonstrate to the consortium that we are serious about paying or fair share.

We should get the RNS we’ve been waiting for next week.

https://x.com/**********/status/1974053762504315187?s=46&t=dek2ylafflkdp3l6sljnxq

Gold now at $3809, hopefully sign off this week

Https://www.kefi-goldandcopper.com/files/files/KEFI-Tulu-Kapi-Gold-Project-Overview-March25.pdf

Page 5 is very interesting, at $3600 gold at construction start will be $1.7 billion =£1,267,928,000, so about 13p for TKGM that doesn’t include our Saudi assess roll on next week good luck everyone.

It’s African mining week next Wednesday to Friday, so AFC Bank will want this wrapped up today, so they can showcase their achievements.

It will probably take two or three days for the rns to be signed off so news should land by next Tuesday Wednesday latest.

What I don’t get is the sold value was £684,000 and the bought value is £611,000, yet the market cap drops by £10 million

Money men must be playing silly buggers.

Market Capitalisation £101.12m

And gold at $3737 now

Gold now at $3718 👌

And once we hit 2.68p, £250m pension funds and larger asset managers will buy in.

When it comes to institutional investors buying into companies on AIM (Alternative Investment Market), there’s no official minimum valuation required — but in practice, institutional appetite is highly dependent on:

50 million

Very limited

Too small for many institutions; considered illiquid and high-risk. Often dominated by retail or specialist small-cap funds.

£50m – £100m

Moderate interest

Some small-cap focused institutions may consider positions, but not in large size. Liquidity still a concern.

£100m – £250m

Mainstream entry point

More institutions will consider participating, especially if there’s good governance, clear growth story, and solid liquidity.

£250m+

High institutional access

Opens up interest from generalist funds, pension funds, and larger asset managers.

Once we break 1.07p, 100m market cap

it should be clear blue skies ahead

Good luck, everyone

As long as The takeover bid is 10p +, i’ll be happy.

Good to be hitting a all-time high gold price today $3703

It’s got to help with the Financial signing this week.

I personally bought some Kefi shares for 2.75p on the 22/10/2020 luckily not too many 😁

With gold at all-time highs today $3685 Harry got no excuse to get this over the line this month.