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Caught up with webcast, everthing going to plan looking forward to first tranche delivery and execution of project...with the price of gold rising daily this will be worth multiples of today's value.
The guys who have been slandering the CEO will be the same ones, who will be buying at 2-3p....watch this space.
Although it's taking slightly longer....will most definitely pay off when the ball is rolling.... first tranche arrives soon. Rest will be later in the year.
A perfect opportunity with the current gold price....looking forward to see the first tranche RNS confirmation will probably catch a few out.
This is a steal at the current price, hence I have added 200K..... definitely worth waiting for fundamentals have not changed if there was an issue with the funding this would have been raised.
The dots have been crossed just a waiting game, I'm sure Harry wants to see the money more than anyone of us!
With the price of gold increasing daily.....this has the potential to 5x within a years....all the T&C's are nearly done.....first tranche of funding going to be released soon...a lot will get caught with their pants down.
Stop embarrassing yourself...it's going to plan...not sure why you are here, if you are not invested...if it's that bad for you sir please sell and leave.
I'm pleased with the progress and confident Harry will will deliver, he has delivered where others have failed in the past! you will be ranting the same rubbish when we have our first gold pour when the market cap will be 10 X today's valuation.
I have been in this from the nyota days when tulu kapi was first being drilled....the drilling costs were $40M....when you compare this with the market cap of kefi it says it all. A few weeks here and there will make no difference, you will be one of those clowns that will be buying in at 4p.
Gold now at $1585.....NPV of Kefi looking better by the minute...coiled spring comes to mind!!!
Nearly there now...awaiting that final RNS....market cap of Kefi 19.6M potential to be 100-200M within a few years is very Real!!!!!
This is probably one of the best gold aim stocks at the moment, I don't know of any gold explorers that are about to be producers with a market cap of 16M.
This does not include the exploration licenses VMS drilling opportunities in Saudi....I will definitely be adding more.
So Nyota already spent so much on the tulu kapi resource this is when they did not have a mining license to build a mine from the Ethiopian government ...the market cap of Kefi is £12.7M.....this to me tells me this is going to go 3-4x not to take into consideration the Saudi assets and the fact that they are on the cusp of becoming a gold producer....cheap as chips.
I expect Kefi to have a market cap under $300M in the next 2-3 years....work it out for yourself...
From an old article...
"On the corporate front, Nyota raised about £21.58 million to fund the development of Tulu Kapi and work on regional targets and appointed Terry Tucker as chief executive."
What is the process for settlement by ANS Mining in TKGM in Ethiopia?
Following receipt of this confirmation from the Ethiopian Government on 7 November that it had resolved its internal administrative arrangements, the partners of the Project subsidiary, Tulu Kapi Gold Mines Share Company (“TKGM”), were in a position to proceed to:
1.review these administrative changes;
2.update the shareholder documentation accordingly for TKGM;
3.distribute the revised documents to the partners’ compliance teams and boards as the case may be;
4.sign final documentation relating to the shareholders’ agreement; and
5.trigger subscription procedures for the Project equity capital.
Those processes are in train and in Ethiopia typically take between one and two weeks each, as was stated in the shareholder webinar at the end of October.
This being a public-private partnership and an innovative first-mover project may easily cause delays but we have seen none so far. We are about half way through these steps and certainly KEFI would announce if there is any material change.
Posted 18 November 2019
Not long now for an update from Churchill, best to manage expectations to avoid disappointment.
Guys - are we expecting any news from the company regarding the tender?