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Would be happy seeing 1.15-1.25 ahead of the updates landing giving everyone a fair chance to get in cheap before this really starts to rip.

Pressure building now ahead of huge updates about to land here over the coming weeks.

Expected updates, to include.

Assay results
Resource expansion
Q1 Production figures
NSE listing
Next stage of the modular plant upgrade
Production increases.
License expansion
Kilimapesa hill open pit commencement.
Tanzania Gold fieldwork program
Nyakafuru & Nyakafuru Reefs JORC Update
Simba - JORC update
ExistingJORC remodelling (taking gold under licence past 2Moz+)
Further exploration zones mapped out.

News flow due in rapid succession

@HGW

Good info.

Will take a look at this.

@aotg

Good spot.

Fairly strong hint in this week's Proactive interview that another interview is about to land.

Might see some FOMO into the extended weekend if assays are landing after the easter break.

No doubt get some newbies looking in over Easter researching into this bargain gold producer.

Hi Trek

Correct, that's why I mentioned 'revenues' will be $48million per annum @ $2000/oz gold price at 24,000/oz production levels.

Say the AISC is $900 that would deliver a projected Gross Profit of $26.4 million

Very bullish as you rightly say

There will of course be some additional first year costs to add in to mix, including the cost of the plant upgrades and additional licence acquisitions etc.

But all these developments will be part of gearing up to deliver the next phase production target of 50,000oz+ pa.

At that stage we should be mixing it with the likes of Shanta Gold or AAZ in terms of production and Gold resources and many think they are undervalued at c.120m market cap

If they are undervalued

Our 15m market cap is offering a significant deep discount to fair value.

Once the brakes are off this will rally hard and Greg will be reminding us each day that he called the 10p target

On a sector peer comparison, he isn't too far away.

Noticed VSA capital have provided some coverage on their sound cloud podcast in the past 24 hours which i have just listened to.

If someone knows how to put the link up on here that would be good.

They provide the details on the first module of the heap leach plant and initial recoveries which by my back of fag packet calculations should hopefully see the monthly production now well over 1000/oz if you add this additional production stream to the last reported monthly production figures from the mill plant alone

Combined production might now be possibly as high as 1200/oz per month which would be a 100% increase from where we were just 6 months ago when the SP was much higher so we are long overdue a re rating back to those levels.

They also mention that a first batch of Assays are due.

That is the first time I have heard that suggestion that we should have not one, but a string of Assay results to come in from KilImapesa Hill.

They maintain their broker rating of 4.2p

GLA

Gold now $1,978 on the ASK

With an AISC here of sub $900 (yes there are additional one off non reoccurring costs for the plant upgrade)

GCAT will be printing cash here come the year end.

Producing 24,000oz pa at $2000/oz (as it looks like that's where the gold price is heading.

Will generate $48,000,000 pa revenue

From a mere 15m market cap entry, I can see why some think the year end broker target of 4.2p looks conservative.

Have added a few more tranches today.

GLA

@CT

KEFI has just produced a comprehensive 1 hour presentation to market that covers more than I could put into a single post on here.

If you are looking for another early stage gold company that is about to rapidly expand take a look at GCAT.

Raft of updates due over there any day now.

GL

Correct

I bought into the churn at KEFI at the start of March and just waited for the seller to clear.

Now 100% up.

Just need to remember to load up when these stocks are trading well below their sum of parts valuation

First broker target 4.2p

With you on that one Ray.

Couldn't get any at 97 , first lot of order filling was at 1.25p

It was an easy bag from there and well called all correctly.

Price of Gold doesn't even need to hit $4000 to see the miners' SP explode as their profits at just $2500 will be off the scale as most have All in sustaining costs (AISC) of around $1000/oz for each oz mined

Mentioned KEFI on here a month back - now up 100%

If you missed that one, add GCAT to your watchlist - looking primed for a similar move on upcoming news.

GLA

@smiller

I was just thinking that.

Never seen this bb so pleasant.

Seller finally done?

What are your thoughts on fhe JORC upgrade and any news from the Co about some of the as yet unexplored Gold targets (of which I think there are about 22 in total and I think we have only drilled / tested about 6?)

If we get a chunky upgrade do you expect us to start to move onto scoping studies? PEA? accompanied by further drilling and resource expansion.

Looks like they are targeting 1moz+

Suspect this initial target doesn't include the undrilled targets as we don't yet know what is in there in terms of grades, but presumably they share a similar geological structure and therefore the longer term potential here could be for a multi zone multi million oz across the wider licence?

1.47p PAID

Decent daily volumes here.

Nice start

looks like we are on for another decent day

@fjones

Need to go back the the RNS on 21st Dec 2021

This is why I think we should have a free hit all the way now up until 2.4p+

The contractor payments have been churned and they are now paid out to conduct all the field work

I do expect us to see some churn again between 2.4p to .2.8p as those warrants get churned.

Based on the volume we have seen today of we see the same volumes at 2.4p, it would take about a week to clear the outstanding warrants

The main thing being, between now and 2.4p.

We have a completely free hit.

Noticed you contributing a fair amount here in the past.

Are you still about?

Tinitin

I won't be surprised if CEY have a both a strategic holding here below the threshold (at present) and a position in the syndicate.

I think we have a free swing here up to 2.4-2.8p range at which stage the warrant holders will start to convert selling stock above 2.4p+ to free up cash to enable them to immediately take up their warrants at 1.6p.

We should therefore see a free swing up to 2.4p+ and then see a brief period of consolidation as the warrant holders convert.

After that.... its clear blue sky..

GLA