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I know what you mean @Waynesmith, this is not how it was meant to go.

... it will come true! A bit like recession, how may times has the UK 'talked itself' into one?

All this talk of possible takeover, maybe this, could be that, further placings - simply all negative noise that has helped drag this down.

Harry has repeatedly stated there is more funding on offer than required and the last RNS on 09/03 stated the outstanding finance was "expected to be executed in the next few weeks". So we should expect this by end of March but from experience here I would expect April; there is clearly work to be done and as we know these things always seem to take an age.

No placing required imo.

Hold for gold.

Big orders on the book?

1.3's at this rate!

Stock markets eh? What are they like?

Gold lower again.

1.4's today?

🙄

I had a horrible feeling this might happen without news. Oil up and gold down obviously hasn't helped.

MM's trying to loosen shares for some reason? Maybe.

Looking at L2 could be worse to come, plenty on the bid side below 1.5.

Hope for the best and hold for gold.

Kefi themselves are suggesting 7p-17p in their RNS of 11th Feb:

· 7 to 17 pence per KEFI share (fully-diluted for warrants, options issued and options approved to be issued under the KEFI Incentive Options Plan):

o 7 pence per KEFI share is based on a gold price of US$3,000/oz, the Tulu Kapi NPV at construction start and the initial preliminary valuation of the 13% of GMCO.

o 17 pence per KEFI share is based on a gold price of US$5,000/oz, the Tulu Kapi NPV at production start and the initial preliminary valuation of the 13% of GMCO.

7p at construction start with gold at US$3,000/oz - but it is already US$5,000!!

Go figure.

Hold for gold.

"expected to be executed in the next few weeks" so hopefully by end of March but if this follows Harry's usual pattern well, who knows?

Regardless, the project is underway and $310M should go a long, long way - the remaining $20-30M isn't needed immediately so no panic needed.

The spread at the time of the 5,856,954 trade was 1.64/1.70.

A little. Into the 1.7's.

😉

With any luck we will get final finance news before the end of March then we'll see what the markets really think.

I suspect it will take construction start on the actual mine to get any significant movement in the sp but more than happy to wait.

There will certainly be some 'testing moments between now and first pour' but the crucial thing to remember is there will be a first pour, it's just a question of when.

If Lycopodium complete ahead of schedule as they have done before it could even be late 2027.

Hold for gold.

*thought

Have brought in 7 of their last 10 projects under budget and ahead of schedule, 3 'on budget' and 'on schedule', so odds are they could bring TK in under budget and ahead of schedule too. Every little helps.

These boys (and girls) know what they are doing, serious outfit. Jeremy Gray though late 2027 for first gold was more than possible.

Worth remembering.

Hold for early gold?

Not the RNS we were hoping for 🙄. Sorry, late to the bb this morning, only just seen what's happening.

Lycopodium's news release - and Kefi's confirmation of it - is excellent news, the outstanding finance not so good; Harry said he expected this to be all wrapped up by end of Feb and now saying "the remainder are expected to be executed in the next few weeks" so maybe by end of March?

It's not a good look. I did say a couple of weeks back that a delay on this could see the sp back to 1.5p and I was laughed at. I didn't want it to happen but today it has. The markets still don't trust Harry or believe this is happening despite the groundbreaking ceremony and confirmations that the serious works to build a mine are underway.

My only regret (I've had a few!) is that I didn't sell @ 1.9 and buy back at 1.5, could've halved my average cost, but I'm reluctant to attempt trading this as knowing my luck it wouldn't drop lower and I wouldn't be able to get back in. Just can't win it seems.

Anyway, looking forward to when this is fully funded and the inevitable re-rate that will follow, We're almost there....

Hold for gold.

Careful dvh, suggesting the sp will drop lower on no news (yet) wil likely get you told off as happened to me last week 😉.

Don't fret, we all knew this was likely, another example of "the Harry effect" as if we needed one.

A further 3.19M on the bid @ 1.6.

MM's want shares and they want them cheap by the look of it. Don't give them the satisfaction.

Nice article, concise summary of Kefi's journey that we all know has been long, torturous, arduous and frustrating.

As we await the absolutely final funding RNS it continues to be so but I also believe we are almost there and will soon be transitioning from explorer to developer and ultimately, producer.

It is therefore inevitable that this must re-rate, it's just a question of how soon and at what rate, but with no news yet (at least not yet today) I can see the markets dragging this firmly back into the 1.6's. If we do I'll be checking down the back of the sofa for any spare cash I can invest!

FOMO Friday anyone?

Hold for gold.

When finance is fully closed, not 'if'.

In fairness to Harry he has never 'promised' anything, he has always been careful to use words such as 'expected' 'shortly' 'soon' or the dreaded 'imminent'.

It has been stated the final equity (royalty) deals are being 'finessed' and waiting on approval (banks checking for anti-money laundering probably) but there is no doubt they will be done, just not in February!

Hold for gold and lots of it!