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Nice one Kitlow

Welcome on board Bench

Well said Mercedesman

Was always on the cards DVH!

Well done everyone joining the action today.

GLA

0.93p

Ticking up

All the following brokers and analysts:

Tavira Securities
SP Angel
WH Ireland
Orior Capital
Edison Research

Now ALL have research notes out on KEFI calculating fair share value at many many multiples of the present SP.

GLA

For all the Gold bugs in here.

Stunning RNS just landed over at KEFI

New broker note highlighting up to a 15 x bagger potential ahead of their update to market this week.

GLA

Just starting to get noticed now.

Up on the risers list.

Momentum trend over the past month firmly established

Think Zak mentioned break of 0.85p opens up quick move to 1.2p then 1.7p at the top of the broadening triangle.

Be good to be making this progress ahead of all the updates due.

Presentation this week looks to be well timed with the next iSA contributions

If we get wider mainstream Sunday press after the presentation this could go ballistic.

GLA

@Elingles

These calculations they are from Orior Capital.

The RNS states they will run through this in more detail in this week's presentation.

Thats just UK revenue.

This product is exclusive to GDR,

Bigger picture stuff is licencing this product globally.

KEFI (AIM: KEFI), the gold and copper exploration and development company with projects in the Federal Democratic Republic of Ethiopia and the Kingdom of Saudi Arabia, is pleased to advise that an updated presentation and a just-published research report by mining specialist Orior Capital are being made available on the Company's website at https://www.kefi-minerals.com.

The Orior Capital report suggests a current value of 4.8p/share based on peer comparison of similar development stage companies, noting also KEFI's estimated NPV of 12.9p/share based on the attributable values of its three key projects.

The new presentation and research report follow the release of the Company's Quarterly Update on 1 April 2022 and will be referred to during the Company's webinar being held on 8 April 2022.

@DVH

100% Agree with you there, just can't see it being easy to simply jump in on the day when that kind of game changing news lands.

Probably open up on that kind of news north of 2p+ and then NT to buy all day.

Happy building a position beforehand.

Also happened to noticed via someone's twitter conversation with Alan Green (Stockbox / brand up media etc) that he might be looking to cover KEFI in one of his upcoming podcasts.

Good to see KEFI is starting to get wider coverage.

I wouldn't be surprised to see the confirmation of the NSE listing land next and then this to be accompanied thereafter by all the expected updates, to include.

Assay results
Resource expansion
Q1 Production figures
Next stage of the plant upgrade
License expansion
Kilimapesa hill open pit commencement.
Tanzania Gold fieldwork program
ExistingJORC remodelling (taking gold under licence past 2Moz+
Further exploration zones mapped out.

I noticed KEFI was one of Zak's tips on the Sunday Roast podcast yesterday

Not sure what further media KEFI will have planned before this weeks presentation or if they will wait until after their presentation.

Surprised no one has mentioned KRS getting some good coverage today from the SR guys talking about the recent sharp move up seen in Share Prixe here.

They also mentioned anothet stock as the next one looking to do a big KRS style move, noticed a few of the KRS crew have a position over there.

GLA.

@SB

Really appreciate your reply and insight and i ddidnt appreciate the timezone difference.

It's good to hear the contributions from those that have have genuine industry exposure to syndicated lending facilities.

We have now seen evidence of some of the lenders terms being fully satisfied.

I will be adding some more now next week.

GLA

KEFI reminds me of Solgold when they were trading at 1p ahead of their project financing closure which all their naysayers said would never ever happen..

Back in 2015 Solgold always had the quality assets (same as KEFI) in a jurisdiction with a history of civil unrest, despite this being 100km's from the licence area, (same as KEFI.)

SOLG were also trading at 1p at the time well ahead of their project financing closure which all the naysayers said would never ever happen..

Their shareholders had experienced years of poor SP performance, the BoD were made out by some to be pantomime villains, and the doubters said the solgold BoD couldn't raise a smile, never mind close out the their project financing.

Of course all of this is now history as they gradually ticked of their milestones both in the field and administration wise to complete the closure of their project financing and witnessed their SP rise 4000% to correctly price in their assets in line with projections.

From memory, they gapped up from 1p-2p over 100% at the opening bell on one or two of their RNS's pre their project closure announcements and had risen many multiples before the final release of funds.

From what I can see the BoD here are now FINALLY after many delays in a position to satisfy all the lenders requirements necessary to deliver KEFI's project financing.

GLA

The charges previously registered againts KEFI at companies House have just updated and showing as cleared in full.

Both AIB Bank's former charge and SCP's former charge which were registered several years ago have just updated at companies House and now BOTH show as satisfied as at 18th March 2022.

This leaves KEFI's register completely clear for the project financiers to perfect their neccesary security package.

Looks like we have jettisoned the former placing provider who can only be now holding pure equity without the previous comfort that their charge offered.

@SB

Given your M&A background, I think you previously mentioned the lenders security conditions requirement to being perfected as one of the conditions ahead of project close.

This looks to be a huge step in the right direction.

"Biggest quarter since IPO"

Its certainly starting to shape up that way!

*state of emergency was lifted

Well put SB

Having watched KEFI from the sidelines for years,
I finally decided now was the time to act and get in while this opportunity exists.

I have been in since roughly around the time the state of energy was lifted and in that time, despite some of the naysaying from the same old agenda driven individuals grunting from the sidelines the SP has slowly edged up 15%.

That's small SP movement is all broadly immaterial in the bigger scheme of how I see this moving up over the coming weeks and months ahead.

Also In this time some of the main things previously holding back any progression on the development finance for TK have now been removed with the lifting of the state of emergency and the cease fire are finally enabling the lenders conditions to be ticked off.

Something that sadly would not previously have been possible over the past couple of years.

With a vastly improved security situation which has now seen the fieldwork team's boots back on the ground and operational activities resuming, what I REALLY wanted to see was that the BoD had been able to start to deliever and actually tick off the key milestones that were set out about a month ago outlining both the administration tasks and the fieldwork actuvities necessary to facilitate the closure of the project finance.

If these items were not able to be ticked off then I would have likely reassessed my position.

What yesterday's detailed update provided was that we are not only on track, but we are actually (perhaps somewhat incredibly) ahead of schedule with some items that were planned to take place after the project closure have actually now been brought forward.

I therefore topped up my position here yesterday while the opportunity exists at the present level on the back of yesterday's very positive update and intend to continue to scale in as further progress is made.

GLA

@1DAYMAYBE

I'm a big fan of what WSBN are looking to achieve, and it's an easy hold as they are sat on circa £4m+ cash that they have very wisely raised in bite sized chunks over the past two years on decent terms well above the present SP so that provides a springboard opportunity to gap back to those levels.

It's just been one heck of a very patient wait for shareholders and I'm not even sure if drilling will 100% start next week, and then going by the delays some of my other Aussie juniors have experienced with the labs, we could be into the summer before any assays are seen.

Equally, with things re opening in Western Australia the labs might fully catch back up in April and there might be some decent initial grades to really light the blue touch paper.

Hopefully the news flow will start from next week together with a some clear detail on what is actually being drilled in terms of targets, numbers of holes, spacing, depths etc.

We know the licence allows for 30,000m

Within that, there must be a phase one program etc and from the RNS it looks like they have identified 4 initial drill targets.

Will phase 1 incorporate 2 or 3 drill holes on each of the 4 targets to a depth of 200m for say a initial 1600m-2400m program?

We could do with this kind of detail next.

Alongside Tuli Kapi MRE of 1.7moz with 1.2moz recoverable

Hawiah's recoverable metal is now estimated to be in the order of 2.2 million gold-equivalent ounces

A 30% increase in group recoverable ounces not yet correctly reflected in the SP.

And it's set to grow further.

Looking forward to hearing more about the potential district scale size of the Saudi assets in the presentation next week.