Member Info for Rocket79

All bad news priced in at this level. Smart investors will be buying into weakness. MM put another £50 mil on at 32p. This is a bargain.

Next week imo. Tommorow could be last day to get in...

The House of People's Representatives in Ethiopia typically holds its first meeting of the year on the first Monday of the first month of the Ethiopian New Year, which is in September. Regular sessions are held on Tuesdays and Thursdays, usually from 9:00 AM to 12:00 PM, and potentially from 2:30 PM to 5:00 PM if the agenda is not finalized

The House of People's Representatives in Ethiopia typically holds its first meeting of the year on the first Monday of the first month of the Ethiopian New Year, which is in September. Regular sessions are held on Tuesdays and Thursdays, usually from 9:00 AM to 12:00 PM, and potentially from 2:30 PM to 5:00 PM if the agenda is not finalized

Exciting times. This is going to rerate.... 3p by end of june imo

This is what we have been waiting for... now we can get the project moving

https://x.com/EthioEmbassyUK/status/1917968036226601316?s=19

Boooom here we go

https://x.com/EthioEmbassyUK/status/1917968036226601316?s=19

I agree kefi is massively undervalued and share price will rerate when we are not expecting it. Once it moves the SP will explode. Im expecting a 20 bagger over the next few years.

Q. Has the process for refreshing the contractors contract already started? If so, is it wise to spend 500k doing this (Harry's quote on the vox interview) before ratification has even been granted. If it isn’t being refreshed now and it takes 2 months to complete (Harry's timeline in the same interview) how are we going to be in such a position to (in Harry's words) "look at each other in June" and start construction when this piece of work will still need to be done?

A: We agree that ratification needs to be clarified and we note that is reportedly imminent. The Lycopodium price-refresh then takes one month to yield results good enough to finalise negotiations. Certification and signing will take a little longer.

Great interview all coming together. This will multibag this quarter imo

......****** signing of detailed definitive agreements this quarter****.......

kefi tweet

big milestone for kefi!✅

bcm group joins the tulu kapi syndicate as preferred mining contractor and commits $23m pre-production funding.

saudi jv progress strong with gmco + han**** prospecting!🚀

"We progress towards launch of Major Works at the Tulu Kapi Gold Project at what is a very propitious moment in time. At a US$3,000 per oz gold price, net operating cash flow after royalties and taxes for the first year of production is estimated at c. US$304 million, of which US$240 million would repay all Project debt.

See this being 3p end of june

Gold over $3400, 5p is a real possibility this quarter if all goes to plan. Great risk reward here. Good luck all

Off topic, THX update today looking very strong. Debt free, no hedges.

Excellent stuff, way undervalued here.

Segun Lawson, President & CEO, stated:

"After completing a strong operational and financial performance in 2024, I am pleased to report a solid operational first quarter and start to 2025. In the period, we unwound the entirety of our hedged gold positions and poured 22,790 ounces of gold. This continues to strengthen our balance sheet and provides an excellent platform from which to implement our strategy and ambitions for the year.

"In the Quarter, Segilola gold production costs have performed well against budget and we have continued to increase the intensity of our exploration activities. Our exploration teams in Nigeria, Senegal and Côte D'Ivoire have identified several new targets which we look forward to testing over the next six months. I am excited to be advancing exploration on multiple fronts across our entire portfolio where we have several value accretive milestones to unlock. I look forward to working towards these milestones and updating the market with our progress during the course of Q2."

For disclosure i hold MLT and THX however Kefi is by far my largest holding.

No they are not after production. They are 12 months. The analyst consensus target price for shares in KEFI Gold and Copper is 3.90p. That is 672.28% above the last closing price of 0.51p. That was before the current gold price rerate.

This highlights why Kefi is in a better position than MTL. You need to do more rearch.

Summary of Reported Gold Reserves/Resources (Estimates):

Could not find Thor Explorations. But look below

KEFI Gold and Copper (KEFI): Approximately 1.05 million ounces (Probable Ore Reserve at Tulu Kapi) + 902,000 ounces (Mineral Resources at Jibal Qutman).

Metals Exploration (MTL): Approximately 150,000 - 220,000 ounces (remaining/total reserves at Runruno) + significant resources through the acquisition of Condor Gold (~2.3 million ounces Indicated and Inferred). Note the MTL Complex in Brazil is under Jaguar Mining.  

Kefi is so undervalued it's unreal

Inferred Resources: "We think there might be gold here based on limited information."

Indicated Resources: "We have a better idea there's gold here, and roughly how much and where."

Probable Ore Reserves: "We are reasonably confident we can mine this gold profitably."

Kefi is probable

This is before Kefi is producing. Once producing will be nearer 10 p imo Good luck all

The analyst consensus target price for shares in KEFI Gold and Copper is 3.90p. That is 672.28% above the last closing price of 0.51p. That was before the current gold price rerate.