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@Mr-B

That the point being highlighted in the RNS.

The Ministry have singed off the re-comencement of the exploration work on the satellites zones at TK.

Probably missed by some at first glance but massively positive that all is on track.

Also that some of the work originally planned for post project close has actually been brought forward in the work schedule.

Not only are we on track, we are ahead of schedule!!!

I don't have access, but it sounded like someone may have been able to paste up the most recent article covering the expanded Saudi discovery extension on to the bb.

These are the'in production figures, and correlate directly with the net cash flow projections within the latest research note.

They also expect at that stage and annual dividend equivalent to 0.90p / shr.

You are right to highlight the significant valuation gap that is about to be closed.

Well done to all those taking advantage at this level.

GLA

Extremely key element in today's RNS is the re-commenced exploration of the satellites at TK

If the situation has improved to the level the Ministry & government are happy with this work being undertaken now, that's some serious progression being made on site.

Noticed someone else pointed out that In attributable terms, Guji-Komto could increase start up production by c50% and that appears to be in their plan. Initial production (attributable) of TK + Guji could be 1/3rd of CEY's current production and CEY has a market cap of £1.05bn at current gold prices. That suggests potential of 10p+/share just for Ethiopia.

On top of this we have recently a huge material uplift in our Gold resources in Saudi Arabia and a further 4th MRE is due to be announced from that district.

I've taken a look at the volumes since the placing shares were admitted and looks like the majority have washed through now.

Can never be certain on the exact percentage % between contractors, ii's and sticky subscribers as it was split between these and the debt repayment which was a good move imo.

The dip would have been the broker fees being sold as their fee skim on the top is a free hit. The rest look to have been sold in an orderly manner in a slightly rising trend since.

No one will sound an bell when the last contractors fees % are flipped, it'll just break the range upwards without warning and you are either on the trian or not.

GLA

Looks like Heads, shoulders, knees & toes.

Before

eyes & ears and mouth and nose. :-))

Not sure who mentioned they expected press coverage over the weekend, but if that happens combined with the update and webinair next week should start to bring KEFI to a much wider audience

@DVH

Agreed.

Saudi is starting to contributed significant value to this company.

TK confirmation all is on track.

Really good update

In collaboration with the regulatory agencies at all four levels of the Ethiopian Government, TKGM is implementing a staged Tulu Kapi project launch, with progress to date as follows:

· essentially completed technical and legal due diligence, as directed by senior lenders' independent advisers - to satisfy conditions precedent to finance closing;

· triggered detailed engineering - minimising procurement and construction time;

· recommenced widespread community engagement, which had been suspended for some months due to previously reported security incidents;

· restarted district works which have a quick local impact, such as upgrading the exploration camp for the construction workforce and re-establishing the nursery for environmental management programmes.

Some of these programmes were scheduled for post-launch, but have been brought forward to rebuild stakeholder "safety confidence" over several months of undisturbed progress in the lead-up to financial close, along with the requisite independent security assessments;

· commenced regular independent security monitoring;

· facilitated the completion of the few remaining regulatory administrative tasks:

o the Ministry of Mines has now endorsed historical costs up to 2020 of c.US$60 million and is now addressing the remainder, incurred after that date or by other companies on behalf of TKGM;

o the Ministry of Mines formally requested to allow re-commencement of exploration at satellite deposit prospects in the Tulu Kapi district;

Excellent summary

All excellent news

Progress all on track

"Most important quarter since IPO"

@Apro

100% agree

Perfect timing to land some of the multiple value adding anticipated updates due after the weekend to combine with the new tax year.

One thing that we will see next week is the update to the Ministry of mines so I wouldn't be surprised to see some wider coverage around what will hopefully be some significant confirmation of the project milestones set out having been ticked off.

RNS landing after the weekend on this really would be perfect timing

GLA

Have you been watching Lithium carbonate trading prices in China YTD!

@TMS

Once 1.7p resistance is taken down, it opens up to 2.4p. That's my newr term target over the next couple of months

We all know a confirmation that all is on track will see an avalanche of buys coming in ahead of TK project close.

I like position taking in companies that ate trading below their intrinsic Value and those that are cheap vs peers.

Its been highly noticiable that a certain few posters have shamelessly had their begging bowls out for a cheaper entry with some frankly hilarious posts.

I'm also conscious of the technicals and this is starting to look primed for a re rate.

GLA

We all know the fundamentals are world class here at KEFI

The technicals are also starting to firm up nicely

We have both a rising 10 DMA and a rising 50 DMA which are incredibly bullish signs.

Probably why some of the gaslighters have been on here today.

Looking at a near term break of 0.85 to see a move up past the 200 DMA at 1.2 with a near term target of 1.7p over the coming weeks at the top of the broadening triangle.

Hopefully shouldn't take much more buying pressure over the coming week to see this play out,

all accompanied by a solid update to the ministry as confirmation all is on track.

Time to take positions ahead of the herd.

I agree

Take a look at the UTB's posts.

"UTB.

Posted in: KEFI

Posts: 53

No Opinion

RE: Kefi 31st Oct deadline extension request declined by government16 Oct 2021 22:26
I see te price at 0.5 next week, rearless of if this is good or bad in the long term. some people were right Harry is a fraudster"

Lol... UTB starts crying for his mummy anytime any positive Posts are put up. He can't handle it as he has posted he wants the SP lower.

Looking back on the chart and news flow, it looks like PAT was fairly priced near the 40p mark in anticipation of Bhukia getting across the line at the start of 2021 when they sadly released news that the Indian government had made a law change which moved the goal posts meaning a domestic entity was going to have to be involved in the development to enable the full irrevocable title to the licence to be awarded in full.

Since then it looks like the law has changed yet again and done a full 180 in favour of international investment.

With everything going on within the geo political landscape I would have thought there will come a stage where whether Bhukia is progressed with a JV and a PSA with the Indian government or whether its internationally funded but still incorporates a PSA with the rajasthan state is immaterial.

Surely the state ministry of mines wants to see the project up and running as it will create huge domestic wealth and job creation.

Anyway, that's my take on Bhukia, going to focus on the multiple gold bearing drill results at Bassala as it looks huge.

I've taken a look, but i can't find who MB's Indian financing partner is?

Anyone know from his Oilex days?

I have found the below online.....

MB joined Panthera from his role as CFO of Oilex Ltd, a Perth-based, AIM-listed oil and gas producer where he has played a key role in resolving a number of complex legacy issues including a long standing dispute with its joint venture partner, an Indian state-owned company.

Prior to joining Oilex, MB held executive roles at La Mancha Australia and First Quantum Minerals Ltd where he aided in the management and financing of several new project development opportunities, including in many challenging jurisdictions. Mark commenced his career at Ernst & Young, stepping down as Director in Ernst & Young’s Corporate Finance business.

Mark has considerable experience in the development and financing of new minerals projects, particularly in emerging economies. He has held senior executive roles in many companies listed on the AIM, ASX, LSE and TSX.

Looks like he has resolved these issues in the past so it's not Virgin territory for him navigating the Indian judicial system which is a plus and therefore I doubt he is particularly fazed by seeing the process through give the size or the prize.

I agree with the sentiment of whilst bhukia would add 2 zeros the the market cap, if they can prove Bassala up that could add a zero the the market cap on its own.

We will be receiving confirmation all is on track within the NEXT COUPLE OF DAYS as they have to release a mandatory monthly report to the ministry of mines.

Within that time frame and the webinair next week news can also land from SA and is expected.

If you wait to jump on board at the last minute for various reasons I expect you will be paying double or triple the present SP as the MM's walk this higher as developments unfold and milestones are ticked off.

Equally you could wait even further until first gold at TK and pay 10 x times the present SP.

Far better to be positioned now imv with the option to scale in further as the development rolls out & not miss out on the present cheap entry, as opposed to being sat on the sidelines trying to jump in with no skin in the game as key RNS land, and the MM's gap up the SP higher and higher leaving you fighting it out with the herd.

GLA

Can you post up what has been written if you have read it then?

Thanks

Looking past the raft of updates due in the coming 4-6 weeks (I can see April's & Mays planned market releases pushing this back toward or above the ATH's)

We are presently trading well below the sum of parts valuation and all of this will become apparent very soon.

Jason has confirmed the company will be releasing a revised PEA which sets out precisely how they will be moving to 50,000oz+ production pa.

No issue with folk trapped elsewhere jumping in here later on, as always good to know there will be buyers waiting at the 3-4p+ range later on this year.

As production continues to steadily grow each quarter and the resources under licence continue to grow, this will be a multi district, multi million ounce, mid tier gold producer in the making.

The new appointments clearly sets out the direction of travel to aggressively expand beyond the current operations.

Each to their own, personally, i prefer to get in early ahead when I can see a clear growth strategy and a grossly undervalued stock.

I posted something similar over on KRS a few weeks ago that "I saw the company jumping 200% on the next update" (my post is on their bb dated 8.3.22) and I was happy accumulating ahead of the news as I had done my research.

It traded sideway until the past 48hrs where it has gapped up 200% as predicted.

It now has a whole herd of new buyers that I have never ever seen before on their bb very happy to jump in as anticipated at a significant premium.

Expect to see the same situation here, although I believe we should expect to see a sustained rally given the multiple updates due, with each one providing an accompanying boast to the SP.

GLA