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Yes, that's very true, and we are all well aware of the manipulation that goes on in the background, however, history has shown that all fiat eventually goes to zero

In fact, the dollar is 97% of the way there already!

It's already happening in places like Turkey with their 20% intereet rates and 50% inflation.

I wouldn't like to place a timetable on the dollar value implosion, but I can see the Fed ultimately resorting to any possible measures to protect its status as the global reserve currency and it does look like they will have to significantly re value gold at some stage to do so.

GLA

If the share wasn't any good it wouldn't attract the naysayers, that's the first thing to remember.

Secondly, and from a TA perspective GGP has bounced from this level on the trading range a number of times since the start of the year.

Something that's no doubt not lost on the traders

GLA.

@DBH

Fully agree

That alone should cement the floor in the present range.

Everything else now should be value accretive for shareholders if CB can deliver all that is set out for 2022.

Most of the well known PM commentators have called this present pull back as the opportunity for some shorts to close and the last chance to load up on Gold and Silver in the present range before both go on to make year highs in the next few weeks, then Gold to make an ATH over the next month with Silver to then run up over $30 and then Gold edging higher each month toward the year end driven by both the situation in Russia and the reality that inflation isn't transitory in any way.

GLA

Well the very last thing I would ever do is 'give it a rest'

No chance

Especially when someone who is desperately and pathetically trolling a bb starts begging me to do so.. lol.

I'm afraid the mirror opposite will be the reaction you'll be getting from me!!

Thought I'd look in as someone on the sidelines with a positive view rather than the usual negative posters usually seen on these bb's when not invested anywhere.

Anyway, cutting to the chase, noticed that the volume and trades has been fairly quiet over the past week and PAT seems to be nestled quite comfortably on this 10p support that it's been happy to sit on as a baseline for over a year now.

I did however spot amongst the small buy/sells there was a £35k purchase.

Just thought that looked interesting amongst the radio silence.

Be good to get some updates on the multitude or West Africa projects as I'm slowly getting my head around these and the book valuatuon of the percentage that Pat own of Labola is higher than the present market cap? That's a bizarre scenario in itself.

Add in the value of Basala and its strange this is trading below 20-30p+?

Tempted to take a position at this level while things are quiet as it doesn't look like the MM's have any appetite below this range and nothing seems priced in for any discovery success at basala or indeed a result of any sort of news coming our of India.

GLA

10 million of volume not yet printed up from today's trades.

Look out for a £100k GBP trade that got worked in the background here today printing up at some stage, likely tomorrow

Well put Rob

I've only been in a month as you know and in that time, despite some frankly comical de ramping at times the SP has slowly edged up 15%

Happy with that so far, but clearly just the very beginning.

I've no plans of moving my investment here and only intend on building on my stake as the outlook continues to improve.

it's important to point out that the market will always be forward looking and the Saudi Assets have added a simpy stunning addition to the investment case here with what now looks like a world class gold province being proven up in SA.

Only 15% up on my initial stake so far, most likely down to the last of the placing fumes working through, so no worries in that front, as buying into the tail end of a placing churn can deliver exceptional rewards, especially in a company that is already grossly undervalued.

It's also allowed me to build up my stake as positions have matured elsewhere, rather than worry about having 'dive in' at a much higher price later on as once this starts to rip, there will be no looking back.

The fact a mini Hawaiah has just floated on the SA Stock exchange for close on a $billion dollars shows the extreme value to be unlocked over there alone.

Don't underestimate the value of having one of the richest and most influencial families in Saudi Arabia as party to our Hawiah joint Venture.

These are very serious individuals who wouldn't be getting involved with kefi unless what we had was going to provide a substantial return on investment for all involved.

Yes, from the RNS.

They can extend the license PAST 2035.

"KEFI Gold and Copper plc

("KEFI" or the "Company")

Tulu Kapi Mining Licence Tenure Confirmed to 2035



KEFI (AIM: KEFI) is pleased to report receipt on 2 November 2021 from the Ethiopian Ministry of Mines ("MoM") of formal confirmation that the mining licence for the Tulu Kapi Gold project ("Tulu Kapi" or the "Project"), held by Project company Tulu Kapi Gold Mines Share Company ("TKGM"), remains in good standing (for expiry per the terms of issuance in 2035) subject to TKGM's on-going compliance with the regulations and the MoM's requirement for TKGM to re-confirm by 31 January 2022 that it has procured the necessary Project finance. Subject to those conditions and a successful Project launch, the licence can be renewed by TKGM on expiry in 2035 should the Project prove successful in expanding ore reserves and mine life."

It was pure FUD spread by the known clowns on here that the licence was going to be revoked, there has never been any suggestion of this in any communication and we have formal RNS, not some naysayer on a bb that the licence is in good standing until 2035.

This has subsequently being confirmed again in a further RNS which also confirmed the improved finance package which moved KEFI's % share of the licence from 40% to 70% as the ministry of mines rarified the historical spend of near $70m over the lifetime of the licence.

So, nor only are the ministry happen to re conform the licence is in good standing to 2035.

They are also happy to set out the terms of an extension past 2935

They are also happy to ratify the historic spend of circa $70m

They have also recognised that it would not have been possible for any of the parties to the licence to complete the conditions president in the lenders project finance terms set out by the lenders whist under the state of emergency conditions.

That's why it's a much better picture here now.

> bigger share of the project.
> enhanced % after confirmation of historic spend. (It should be noted that these are the specific terms set out by the ministry, not kefi, nor the Jv or the government, so the fact the ministry is fully supporting the project and we have the government as party to the JV alongside the banks is a far better outcome than the previously proposed deal.

Edging as closer to breaking .20 now.

Immaterial if you are in for all the project news due to play out over the coming weeks and months.

Looking to add some more purely for Manakayan as would like to have a larger holding ahead of the ASX listing for the JV and a few points here or there won't make much difference in the grand scheme of things.

GLA

As confirmed by the company

From the Q&A

"Thank you for Monday's RNS that the licence has been extended. When do you target project launch?

A: The licence is in good standing until 2035. It was not about to expire and the Ministry now acknowledges that security has indeed prevented the launch to date and they have agreed with us that May-June is a reasonable launch date if security has been demonstrated as satisfactory between now and then"

So, right to point out that fact to any newbies.

The licence was never in questio

As confirmed by the company

From the Q&A

"Thank you for Monday's RNS that the licence has been extended. When do you target project launch?
A: The licence is in good standing until 2035. It was not about to expire and the Ministry now acknowledges that security has indeed prevented the launch to date and they have agreed with us that May-June is a reasonable launch date if security has been demonstrated as satisfactory between now and then"

So, right to point out that fact to any newbies.

SB

I noted you started that narrative about the license back in February, when Harry went to meet with the ministry.

Not only did were you wrong about that back then, the ministry actually extended the Mining licence in favour of KEFI until 2035.

Perhaps start asking the questions about why the Ministry would renew the license post the meeting with all the parties to the joint venture including the lenders and the government?

I don't think there is any doubt about it if we get confirmation all is on track.

No issues over the license either as confirmation received by the company it's actually been extended in KEFI's favour to 2035.

Have added a couple of tranches here today

Won't see these bargains on offer once all these off book transfers are completed Imv.

GLA

Thanks SB

Yes, I do indeed focus on the underlying assets which have been significantly strengthened by the growth of the resources over in Saudi and also means this is now less reliant upon just Tuli Kepi.

I have seen this many times before when the best time to buy is when it feels the most painful as non of us know what is going into the next updates to the government, but the fact the state of emergency has now been lifted, followed by a formal cease fire hasn't yet been correctly reflected in the SP.

I've seen suggestions that the BoD would benefit from strengthening, perhaps with a new NED, not a bad suggestion, however I don't think even if there was a completely different BoD they would have been able to move the completion of finance any quicker whilst the state of emergency was in place as ratification that appropriate security measures are able to be in place are one of the lenders conditions president.

I'd expect to hear more about this in the next ministry of mines update due any day now.

There are some more even higher risk mining investments and jurisdictions and I have some other junior mining investments in other African countries where terrorism and civil unrest is sadly part of daily life, but the mining activities continue unabated.

I wasn't invested here while the state or emergency was in place and only got in once this had been lifted.

If the other conditions president surrounding the resettlement of the locals is also able to be boxed off, it looks like the finance will be sorter and drawn down.

Putting all that to one side, once the mining licence in Saudi is awarded that will be going ahead as the finance there is already in place via our JV partner.

GLA

Investor Webinar

The Company will provide a Quarterly Update presentation via the Investor Meet Company platform at 3.00 pm London time on Friday 8 April 2022.

Investors can register to attend using the following link:

https://www.investormeetcompany.com/kefi-gold-and-copper-plc/register-investor

Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9 am the day before the meeting, or at any time during the live presentation. Investors who already follow KEFI on the Investor Meet Company platform will automatically be invited

UTB

We can all read your posting history.

Sadly it just reads like all the other keyboard warriors out there.

All the very best to you.

I'll keep focusing on the fact the company is moving forward and building up a monster of Gold assets across multiple jurisdictions and won't bother wasting my time on you.

GLA

@BCB

It's a lengthy 97 page report that I have only scan read initially, it looks like the next work will be the ground work to define 15 initial targets from around 250 High grade copper anomalies and then they will fly the drill rigs in via helicopter for what will be the maiden drilling programme

26.0 RECOMMENDATIONS

"Additional exploration work is recommended by the report authors for the Adeline Project based on the results from the summer 2021 exploration program completed by Chesterfield. The report authors recommend focusing the next stage of exploration and drilling on priority target areas with existing evidence of copper sulfide mineralization and defined through historical drilling or trenching campaigns.
In total, 15 target areas have been identified by Chesterfield for further evaluation (Figure 26-1).
These target areas are based on the 2021 field mapping, sampling, and geochemistry data and associated structural target concepts, and compiled results of historical drilling programs, geophysical surveys, and geochemical surveys.

The Phase I exploration program includes further geological and structural mapping over newly-refined copper targets within the Seal Lake Group, and potentially re-logging of historical core to confirm lithology, structure, and copper mineralization and validate historical mineralized intercepts.
Cost $100,000 CAD

Phase II
includes a helicopter-supported 2,000 metre diamond drilling program over priority targets

Cost $1,500,000 CAD"

Looks like CHF could be on for raising $1.5m to $2.0m CAD from the TSX listing to swell the coffers for the above recommended work programme