The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Don't forget as previously stated by a analyst/broker note?(can't remember which?) "Forecast dividend of 0.9p per share based upon both TK and SA mines free cash flow generation."
Imagine a dividend higher than the current purchase price.
dyor
Worth a listen between 12m-15m of how cheap Kefi is compared to other companies..
https://youtu.be/4g9A4IlUuuk
Plus 12/07/22 rns on top https://www.lse.co.uk/rns/KEFI/two-new-saudi-arabian-exploration-licences-granted-sn80e6rl7s7hbo1.html
From yesterday's rns...
"Tulu Kapi will be the first industrial scale mine development in Ethiopia in over 30 years."
"In collaboration with the regulatory agencies at all four levels of the Ethiopian Government, notable progress during Q2-2022 included:
· initial community youth employment programmes being established which support the project, such as those covering road maintenance and expansion of revegetation nurseries;
· the Ministry of Mines has now audited and endorsed the historical project costs incurred up to 2020 of c.US$80 million and can now report this to the Ethiopian central bank; and
· the central bank has now permitted that both development banks be allowed to lend on the same terms and formal ratification is awaited from the Government."
It's taken many years of hard work by Harry and his team to get to this pivotal/transformational position.
Still under the radar in these difficult market conditions but Kefi are on the cusp of material positive change imho.
"Investor Webinar
The Company will provide a presentation and live webinar via the Investor Meet Company platform during August 2022, in light of having recently conducted the Annual General Meeting presentation. Details will be published closer to the time."
"KEFI's market capitalisation of approximately GBP28 million at 0.7 pence per share represents US$17/oz-equivalent on JORC resources and the following at December 2021 metal prices:
-- Estimated 7% of NPV (8%)"
"The NPV (see note 2 below) for KEFI of its projects has tripled from mid-2020 (GBP114 million) to mid-2022 (GBP348 million), at the same set of 31 December 2021 metal prices. At the current KEFI shares in issue this represents a tripling from 3p per share to 9p per share"
If the mm's knew that bad news was on the way they would let the share price rise indiscriminately,knowing that they'd be in the money when the news drops and they reap the rewards.
The share price via the bid/offer gap is being controlled to let weak hands sell. imho
The big money is holding firm and punters are able to buy at 25% discount to recent placing.
Nothing negative has been rns'd and the ever expanding resource is still there.
dyor
Lots of 1000 trades and share price seems to being held back?
https://www.pennystockdream.com/market-maker-signals
Reminder of what Kefi's resource base and potential EBITDA..
https://www.proactiveinvestors.co.uk/companies/news/984035/kefi-highlights-4-7mln-ounce-resource-base-and-potential-ebitda-of-us-100mln-per-year-in-full-year-results-984035.html
The share price/MCAP is at a pitiful level considering that Kefi is now at the cusp of material change in it's future prospects.
A million shares only in recent years would have cost around £25k+ at 2.5p and now are available at £6,400 now at 0.064p
Worth refreshing/refocusing on Kefi's projects..
https://www.kefi-minerals.com/news/videos/2022/07/kefi-agm-2022-presentation-executive-chairman-harry-anagnostaras-adams
Adamsk.."Lol there were at least 4 x 1000 trades aswell.
"The market maker code 1000 signals other market makers not to let the stock price run away from them. When used as a standalone order, this typically means that it will stop the stock from moving up too much."
My take from the above is that if mm's know that bad news on the way,they would've let the share price rise knowing that when the news arrives and share price falls,they would benefit as ppl panic sell.
So logically good news in the coming days?
Just googled 911 code/stock market and the following result came up "The market maker code 911 is an indicator to look out for because it tells investors that a pending news release or press release may be on the way."
The current share price represents a mere fraction of the ever expanding SA projects which are moving ahead at pace.
Positive TK news and the share price which has proven to be a hair trigger responder time and time again should move higher in very short order.
Kefi is NOT a binary bet where it's TK or bust.
Like him or hate him the tenacity/determination of Harry over the years to make Kefi succeed is admirable to put it it mildly. He and his team deserve respect(imho) and now Kefi stands at the foot hills of developing into a mid tier in short order.
Harry,his team,institutions,syndicate members,banks and EG are on board to see a successful outcome.
Importantly Harry etc are highly invested in the company and at these low low prices there could be seriously high financial gains to be made in short order,
Ppl investing now are in the envious position of getting in at near to all time low prices.
If your investing rather than trading then the day to day movements in the share price should not be of concern imho and the bigger picture(prize) is where you should be focussed.
gla
The gold is still there since the umbrella agreement signed so nothing negative reported since.
Just the usual haters causing weak hands to sell.
Kefi has uncovered serious amounts of resource in both TK and SA and are on the verge of a rerate higher. imho