Member Info for Rocket79

Excellent stuff. We could get another RNS this week.

Gold price up and a reminder of what we have here. This is not including our Saudi interest. Cant see another junior miner offering this much potential.

This was from HA himself in Feb

"At the same time, with the gold price firming, the potential net present value (NPV) of Tulu Kapi per KEFI share on issue now stands at 15 pence per share at the current gold price of US$2,800/oz."

Kefi Gold and Copper currently 0.64p. Target 15p

Gold price up and a reminder of what we have here. This is no including our Saudi interest. Cant see another junior miner offering this much potential.

This was from HA himself in Feb

"At the same time, with the gold price firming, the potential net present value (NPV) of Tulu Kapi per KEFI share on issue now stands at 15 pence per share at the current gold price of US$2,800/oz."

Gold price up and a reminder of what we have here. This is not including our Saudi interest. Cant see another junior miner offering this much potential.

This was from HA himself in Feb

"At the same time, with the gold price firming, the potential net present value (NPV) of Tulu Kapi per KEFI share on issue now stands at 15 pence per share at the current gold price of US$2,800/oz."

Gold price up and a reminder of what we have here. This is no including our Saudi interest. Cant see another junior miner offering this much potential.

This was from HA himself in Feb

"At the same time, with the gold price firming, the potential net present value (NPV) of Tulu Kapi per KEFI share on issue now stands at 15 pence per share at the current gold price of US$2,800/oz."

Parliament meets regularly every Tuesday and Thursday from 9:00 a.m. to 12:00 p.m. local time in Addis Ababa. If negotiations are to continue, meetings may be necessary until 5:00 p.m.

Ethiopian parliament is currently addressing a legislative matter concerning the Africa Finance Corporation (AFC). On December 17, 2024, the House of Peoples’ Representatives passed a banking business proclamation that allows foreign banks to enter the Ethiopian market. This move is considered a significant step toward modernizing the country's financial sector.

Key points of the newly approved law:

Entry of foreign banks:

The law permits foreign banks to establish subsidiaries, open branches, or set up representative offices in Ethiopia.

Ownership restrictions:

It sets a limit of 40% ownership for strategic foreign investors in any local bank, with an additional 7–10% allowed for non-strategic foreign investors.

Total foreign ownership cap:

The combined ownership of foreign entities and foreign-owned Ethiopian organizations in a local bank may not exceed 49% of the bank’s total shares.

Domestic ownership requirement:

The remaining 51% of shares must be held by Ethiopian nationals, ensuring local control of the banking sector.

This legislative step is part of a broader economic reform initiative launched in 2019, aimed at encouraging private investment and modernizing Ethiopia’s financial system. The reform is expected to increase competition, improve access to finance, and support economic growth.

This was from HA himself in Feb

"At the same time, with the gold price firming, the potential net present value (NPV) of Tulu Kapi per KEFI share on issue now stands at 15 pence per share at the current gold price of US$2,800/oz."

Gold price up, Kefi sp up with a good chance of hitting 2p next week, Mid day RNS .. Strong Buy

Mid day RNS possible next week.. Strong Buy

5p by end of July on sign off i will take that

Agree still plenty of time to get in. This is still ridiculously undervalued only £50 mil mcap with £billions in the ground.... 20 multibagger has been mentioned

Unbelievable this is still only a £50 mil cap with the £billions its going to produce

This is like Greatland Gold, staring investors in the face of its potential and investors not realising until its multibagged

This is rising on news not know by all investors. RNS will land next week imo. Buy and get in before the heard arrives.

Sorry but this will rise significantly this quarter. As being derisked all the time. Still time to buy. Good luck

In the course of the interview (with Charles Gibson of Edison) HAA mentioned an NPV for TK at commencement of production of 11p/share. In the RNS of 28/04, there is mention of the projected net operating cash flow in the first year (almost equal to the entire construction budget) and that figure was calculated on the basis of a gold price of $3000. AICs are about $1200 so the margin at $3000 is $1800. Gold has touched $3500 and many analysts expect it to return to that level after a period of consolidation. At that price, the margin is $2300 or about 28% higher and the NPV should increase to about 14p/share. Add 1p+/share for the stake in GMCo, and we have the 15p/share mentioned recently (4 February though that was at a gold price of $2800). The USD has weakened against GBP since then and the recent calculation might be more conservative on timing of production from the underground mine to be built after the pit operation commences.

Cant believe this is trading at this price. News still to reach the heard...I have been topping up

Last chance to get in below 1p news dropping next week...

If HA recons 11p fantastic.... Obviously once in production...

What an opportunity to get in before news and the heard arrives. Dont get many like this. In in for more on the bell. Good luck all

We know its coming. Next week as parliment sits on a Tue and Thursday. Today could be last time to get in below 1p as LSE closed on Monday...