Member Info for Positivevibes

17k buy along with alot of II sized buying over the last 2-3 months. It's obviously someone in the know

Both EOI's take into account the estimated capex required to bring the development online, anticipated to be in the region of US$300-500 million, but they also identify Lixus as being an important strategic asset, with strong Environmental, Social and Governance ("ESG") credentials, that has the potential to help Morocco transition to a low carbon economy, as it seeks to satisfy an anticipated doubling in domestic demand for energy over the next 20 years.

Happily buying more at these consolidated levels, while the Mcap is still around 30mil - looking forward to futher updates shortly that will push us back into the teens and eventually into the 20s+

"The improved gold price outlook and our negotiations over the past few months have switched KEFI's focus from owning 45% of a 140,000 oz p.a. operation to owning 65% of 190,000 oz p.a. operation, essentially doubling KEFI's beneficial interest in terms of net production per annum. The Ministry has reserved for KEFI its exploration rights to over 1,000 square kilometres of the surrounding land for exploration and we are confident that in due course we will significantly boost reserves from satellite deposits and further expand the mine life beyond the term of the current economic model. We see Tulu Kapi as a mining district and not just one or two mines."

The above table indicates an NPV equating to a KEFI share price of 11p at a 65% interest and a US$1,700/oz gold price, excluding any other KEFI assets, notably the deposits discovered Saudi Arabia, the Hawiah copper-gold-zinc-silver and Jibal Qutman gold deposits.

I keep buying while the white belt herd trys to make sence of what's happening. Katoro to receive "significantly more than the original 36.4m" happy to hold, kat will be 36mil+ mcap after funding is recieved + haneti nickle. 7milmcap screaming buy as were much futher progressed and closer to recieving full funding.

Happy Friday all

Project located between major oil
discoveries at Willow to the North (Conoco:COP) and Umiat to the South
•
1
.
6 billion barrels mean prospective
resource across
3 prospects (see next slide)
•
2 prospects (Merlin and Harrier), totalling >1 billion barrels, to be tested by drilling in
2021
• Both located on trend to existing recent
discoveries
• Harrier prospect de
-risked by hydrocarbons
at COP’s Harpoon
-
2 well in early 2020
• Permitting and farm
-out discussions
underway
• Innovative low cost option to allow two
wells to be drilled for ~US
$15
m
• Unparalleled “bang for buck” opportunity

Fully funded now to drill for up to a billion barrels.

Well done all holders, ignore the noise of those who previously had a bad experience, and look at the giant opportunity for upside. Atb

The above table indicates an NPV equating to a KEFI share price of 11p at a 65% interest and a US$1,700/oz gold price, excluding any other KEFI assets, notably the deposits discovered Saudi Arabia, the Hawiah copper-gold-zinc-silver and Jibal Qutma gold deposits.



Commenting, Harry Anagnostaras-Adams, Executive Chairman of KEFI, said: "I am delighted that we continue to attract strong African experienced participants in our Tulu Kapi funding structure in a manner that enables KEFI and its Government Partners to increase their beneficial ownership, for KEFI to c.65% of the Tula Kapi Project. The refined structure set out today is in accordance with the overall plan already approved by TKGM and the regulatory authorities and now includes investment from a well-capitalised and internationally prominent local investor and a global mining finance specialist.



"The pandemic has meant that the TKGM team have worked even more closely with the Government agencies at all levels and other stakeholders, enabling us to adhere to the overall Project timetable targeting production start-up in Q4 2022.



"The improved gold price outlook and our negotiations over the past few months have switched KEFI's focus from owning 45% of a 140,000 oz p.a. operation to owning 65% of 190,000 oz p.a. operation, essentially doubling KEFI's beneficial interest in terms of net production per annum. The Ministry has reserved for KEFI its exploration rights to over 1,000 square kilometres of the surrounding land for exploration and we are confident that in due course we will significantly boost reserves from satellite deposits and further expand the mine life beyond the term of the current economic model. We see Tulu Kapi as a mining district and not just one or two mines.

All is on track just later than we wanted, have reloaded at these placing levels and looking forward to passing this funding hurdle, then KEFIs a completely different beast and will see it's due rerate out of the undervalued 30mil mcap range, also while Hawaii expands its already 2.5b resource

In accordance with the Company's preferred funding strategy referred to in previous announcements on 21 July 2020, 3 September 2020 and 30 September 2020, the Company has received expressions of interest for funding of an amount significantly more than the peak funding requirement (US$36.4 million) announced on 7 May 2020. The expressions of interest for funding, amongst others, includes a formal non-binding term sheet for funding, which if agreed and accepted by the Blyvoor Joint Venture, will be sufficient to fund up to 40% of the peak funding requirement referred to above.

The 110mil came from the may scoping study - 40%+ of that number is what KAT is waiting to recieve shortly.

https://twitter.com/KatoroGoldplc/status/1279841449572515840?s=19

Increase to 1,000,000 tones per month leaving 70k Oz per annum. Again I expect that's why the additional funding. Why product 35,000 for 30 years when can produce 70,000, hence resource upgrade and additional drilling. Dyor, very confident with mine, and not getting emotional about a few week delay when we are being told all is progressing as planned. At no point have we been given any sign funding isn't happening, only that it is, just have been delayed. 7.5 milmcap 1.3million ounces of gold, 40mil+ funding less than $700 dollar all in sustaining costs

Total project capital costs of US$110m across the Project, with a peak funding requirement of US$36.4million and a payback period of 5.3 years from the start of production.

40% of 110mil

The rest via offtake

Read the RNSs instead of opinions. May scoping study answers your questions, I also posted below, will also post again

In accordance with the Company's preferred funding strategy referred to in previous announcements on 21 July 2020, 3 September 2020 and 30 September 2020, the Company has received expressions of interest for funding of an amount significantly more than the peak funding requirement (US$36.4 million) announced on 7 May 2020. The expressions of interest for funding, amongst others, includes a formal non-binding term sheet for funding, which if agreed and accepted by the Blyvoor Joint Venture, will be sufficient to fund up to 40% of the peak funding requirement referred to above.

40% of the 110mil mentions in the may scoping study RNS. Waiting to receive 40mil+ funding. Happy to wait, ready the last line of yesterday's RNS. Funding will arrive, I know later than expected.

A few months? I doubt it, but even if it is, 7mil mcap for now 40mil+ funding ( that will cover all working capital going forward ) plus hanteti which we will recieve nickle results soon.

Loading, for for likely hood of 5x+ shortly. Impatience and emotional - 1.3 million Oz of gold $688 all in sustaining costs. It will benifit all party's involved, that's why it's going to happen. Not relatively long now

A few months? I doubt it, but even if it is, 7mil mcap for now 40mil+ funding ( that will cover all working capital going forward ) plus hanteti which we will recieve nickle results soon.

Loading, for for likely hood of 5x+ shortly. Impatience and emotional - 1.3 million Oz of gold $688 all in sustaining costs. It will benifit all party's involved, that's why it's going to happen. Not relatively long now

Highlights

· Multiple bids received

· Preferred bidder selected and preparation of final documentation underway

· Transaction close and execution of documents expected within weeks

Detail

The farm-out process at Project Peregrine has progressed to the final phase and is subject only to finalisation of standard documentation as the preferred bidder has now been selected. Strong interest was shown in the opportunity and the bids received were competitive. Execution of the final documents is expected in the next few weeks, at which point more detail on the transaction will be made public.

From the 9th of November - farm out anoucment due anyday now.

Heavily holding

Total project capital costs of US$110m across the Project, with a peak funding requirement of US$36.4million and a payback period of 5.3 years from the start of production.

44mil funding? I will also find the video again we're increased production from 500,000 tones per month to 1,000,000 increasing up from 35,000 Oz per annum to 70,000 at 700 dollars all in sustaining costs.

Plus hanteti

Alot of room for potential multiplies in the short term. Good luck all

In accordance with the Company's preferred funding strategy referred to in previous announcements on 21 July 2020, 3 September 2020 and 30 September 2020, the Company has received expressions of interest for funding of an amount significantly more than the peak funding requirement (US$36.4 million) announced on 7 May 2020. The expressions of interest for funding, amongst others, includes a formal non-binding term sheet for funding, which if agreed and accepted by the Blyvoor Joint Venture, will be sufficient to fund up to 40% of the peak funding requirement referred to above.

40%

Happy to wait, a few weeks, months, and load up at this level. The video I used to share, mentioned production increased to 1,000,000 tones per month, hence the increase in funding in my view.

In accordance with the Company's preferred funding strategy referred to in previous announcements on 21 July 2020, 3 September 2020 and 30 September 2020, the Company has received expressions of interest for funding of an amount significantly more than the peak funding requirement (US$36.4 million) announced on 7 May 2020. The expressions of interest for funding, amongst others, includes a formal non-binding term sheet for funding, which if agreed and accepted by the Blyvoor Joint Venture, will be sufficient to fund up to 40% of the peak funding requirement referred to above.

Facts from today. 7mil Mcap

What if in 3 months, we prove up a large nickle resource, and recieved 40mil funding for increased gold production? And when are our Imeru payments due to us?

Katoro has the likelihood for 5x from here on funding news - more if production is increased - regards of success at haneti, but more if nickle drill results our good. PVS

Funding is coming. Majority of negative comments completely informed. The increased funding is going to be used to increase production as mentioned in previous interviews. 10+ plus on 36m+ funding plus hanteti - what's the market got to say, I believe it when I see it. 6.5milmcap - happily invested and for short term multibagger. The herd can wait for the boom rocket like they do while those who can use a calculator and have followed the story know this is weeks away from fruition. Atb