Member Info for Robjm66

Thanks Crazytowner will pass on your post to the person who asked it.

Kind of shows the pointlessness of any kind of protest vote when if lucky it would reach five percent.

From a poster ADVFN kefi thread

"Can someone please tell me what TW apologised to Kefi shareholders for, if that is what he did? Is he no longer an uber bull on the stock?"

TIA."

Brad Pretty up to date think it was late October it was done but will be some minor “tweaks” as Harry described it “Detailed definitive agreements for the project financing are in near-final form with contractors”

“As previously reported (see Q3 2023 Operational Update announced on 31 October 2023), to facilitate equity investor analyses (as compared with the lender-dominated analyses regularly reported in respect of the open-pit), the financial projections were updated to reflect the Company’s business plan:

• Development of the underground deposit so that it begins to contribute to production as from Production Year 3;

• Processing of the low-grade stockpiles at end of mine life;

• Equity analysts’ consensus long-term gold prices (as per Standard and Poor’s) now at US$1,862/oz;

• Lifting the process rate by 20% to c, 2.4Mtpa; and

• The intention to refinance the debt package with conventional corporate finance during the third year of production, at which point the more expensive components of start-up finance would be repaid.

Biggest change will be those triggered by higher gold price than anticipated so earlier pay back of money more of the deposit be economically viable, maybe earlier exploitation of the second underground mine at TK

Even Breakeven cost at $1,282 was worked on a $2020 gold price best case.

“The contractors in the syndicate have all reaffirmed their intention and readiness to enter into the already drafted definitive documentation to enable full Project launch in H1 2024 as previously outlined.”

Https://goldprice.org/

When something is covered at the project level it is not directly covered by the parent company, the gold price is the gold price which is usually quoted in dollars which is the American currency sorry your sozzed.

Also $1,260.39 average gold price 2017.

Break it down and its all covered at the project level apart from a part that can be paid back years down the line at the companies discretion in cash you seem to have missed that Brad.

Supporting what the share can do now TCM rather than moan and whine about what the situation was years ago.

TCM would ask why you are here but you have no other reason but to trash the share and run away when you lose the argument or when the odds are against you.

Should get bank and credit approvals before anything else TK based plump that's the crucial stage. Given up on your .4 target yet?

Not directed at you but think Pedro has the right to comment from a trader perspective maybe save the ire for those that are not honest about their position.

Got more respect for someone who is positive over kefi from a trading respective and is honest about it than several posters that just trash the share purely to get in cheaper which now looks like it is not going to happen.

As for Harry you do not have to be Elon musk to get a gold mine over the line with such a high gold price which might go even higher.

Upshunt Jibal Qutman is not that far behind TK when you consider that it can be more quickly built and is less exposed to delays.

https://www.kefi-goldandcopper.com/files/announcements/kefi-jibal-qutman-gold-update-30jan24-final.pdf

Also

Selection of preferred production start-up plan expected by mid-2024

The Definitive Feasibility Study (“DFS”) on Jibal Qutman Gold is making excellent progress and release of its conclusions is expected in mid-2024.

Finalising and publishing the underlying Mineral Resource Estimate (“MRE”),

maiden Ore Reserve and DFS.

https://www.kefi-goldandcopper.com/files/announcements/kefi-abu-salal-discovery-19feb24.pdf

Hawiah is further off but its huge and getting bigger

Assays of Abu Salal’s sulphide mineralisation has returned multiple grade intervals of comparable to those at GMCO’s Hawiah discovery, which already ranks in the top three of base metals projects in Saudi Arabia

Then add to the fact that Ivanhoe discoveries near kefi prospects should be good for the shareprice hence kefi sharing information with them.

HtTps://www.youtube.com/watch?v=CpmEmrP5OEo (peter Schiff gold)

Https://www.2merkato.com/news/trading/7713-ethiopia-oromia-generates-usd-163-million-from-mineral-exports (Ethiopia mining)

https://www.africa-newsroom.com/press/africa-finance-corporation-afc-and-investee-company-infinity-power-win-big-at-2024-bonds-and-loans-awards?lang=en (AFC Bank)

https://mining.com.au/magnum-mining-inks-saudi-funding-deal/ (SIDF)

Another TW comment on his site.

Https://www.edisongroup.com/research/the-penultimate-piece-of-the-puzzle/33326/ Pretty obvious attempt to spam over the report.

"In the wake of KEFI’s equity raising, we calculate that Tulu Kapi, Hawiah and Jibal Qutman are capable of generating average free cash flow of c £82.3m in FY27–32 (almost unchanged cf £82.6m previously), making average (maximum potential) dividends of 0.59p/share possible" so possible dividends roughly the same as the present shareprice.

Actually think the figure are pretty conservative though as Jibal Qutman will be bigger. On the other hand At current metals prices, however, it increases to 4.20p (4.14p previously) now and to 5.58p (5.50p previously) in FY27..and more if you count in Guji-Komto.

So eventual ten bagger is what they saying without adding in recent discoveries.

Https://www.edisongroup.com/research/the-penultimate-piece-of-the-puzzle/33326/

Think if Harry was effective at “pumping” the company the shareprice would be a lot higher than it is now. Talking about a company with two main gold prospects with a gold price now above 2150 and a derisory Market cap under 30 million.

From what i can see he thought that the placing would not be necessary that they would get a bridging loan in time and then it would be about exercising the second trance of warrants of the back of board approvals.