Member Info for Sharegar

Freudian slip?

Listen to Segun’s answer at 12:06 on the crux interview.

Segun is talking about the mine life if another ounce is not added.

He lets it slip that there is “a lot” of gold from the recent published drilling results before correcting himself to give his usual more cautious understated answer.

Read into that whatever way you want.

https://www.youtube.com/watch?v=xU1FA3MC68k

....for the interview.

Https://www.youtube.com/watch?v=xU1FA3MC68k

Hopefully this link works.

RNS today indicates very strongly that all is good and I expect the final funding is really going to happen this time.

SP action today looks like a half hearted tree shake before the serious money is made on conformation of full start-up.

Remember, when the RNS drops it will not be an ordinary re-rate.

It will be extra-ordinary.

There has been so much doubt over several years and that would all evaporate in one go.

Just consider how high the Mcap was when gold was less than $1200/Oz. There is a very large amount of valuation to be made up now that gold is >$3400/OZ.

That is splendid news Buffett_Protege.

If Tom Winnifrith is calling for a cap raise then I'd be 99% certain that the exact opposite happens.

Any day now, those papers will be signed and Kefi will undergo a massive re-rating.

Page 13 has named Aug 2025 as the month for final sign off.

Is that not what Harry has satated? So, going by the magazine article there are no delays.

You could ask what is happening in September and I would guess that after final sign off there will be some inertia in getting a major work programme started and that is why October is given as the month that major works will be underway.

Thanks magoo79,

I've just been sitting on my shares (average 7p).

I will wait and see how the case goes since the potential gains are worth the risk and as far as I can tell Emmerson have not done anything that warrants their poor treatment in Morocco.

I would also be interested to hear from anyone who think Emmerson deserve to be in this position.

The fact that significant funds were raised to fight the case makes it look like someone is very confident in a positive outcome.

Just a pity these legal issues take so long to resolve.

What would it take for Harvest minerals to get sales and prices of KP Fertil back to what was reported in 2022? (see further down)

The KP Fertil source Harvest has would cover decades of such volumes.

Is it possible there could be a miracle recovery or has Harvest minerals just lost all credability?

HIGHLIGHTS (from 2022)

· 2022 full year sales order target of 150,000 tonnes has been exceeded

· YTD sales orders total 153,074 tonnes (YTD Q3 2021: 74,159 tonnes) a year-on-year increase of 106%

· Healthy sales margins of 55%-60%

· Buoyant fertiliser market conditions continuing

· Overall, the Company is cashflow positive

Any thoughts on what the SP would be in the event of a win for Emmerson?

A realistic favourable outcome as I'm sure most companies will ask for more knowing it will be a compromised figure.

Would they then continue with the potash project or just use the compensation to work on a new project away from Morocco.

I'm assuming a negative ruling would put us near 0p?

This is just about the only Gold mining share that hardly anyone gets too excited about the price of Gold.

I've been very sceptical of the history and false dawns.

However, if Harry does deliver and I think even the doubters have to admit there has been more visible progress than before.

If the money is forthcoming for building the mine then the SP has the potential to go off like a rocket as there has been no credit given to the SP going as far back as to when Gold was $1500/Oz.

Even well paid Harry would be delighted if this got over the line because there is a loads more money to be made for Harry, Ethiopia, Institutions and retail investors at this stage of a Gold bull market.

You cannot ask for more.

The company strategy has been excellent and it is all going at a sustainable pace.

Segun Lawson has communicated very well throughout and has now been rewarded with great cashflow for the company without having to dilute shareholders.

The cash position is growing rapidly and with the focus on exploration I would be confident that mine life extensions will be the next catalyst for share price appreciation.

From the RNS:

"Construction cost escalation estimates and schedule have been updated and incorporated into the Project Finance Plan"

Are these new cost escalations? If so, then why would the banks sign off the documentation?

The reason I am wondering if these are very recent is because Harry also states "the updated Finance Plan remains consistent with recent guidance presented at the KEFI AGM on 17 July 2025".

The figure is still 240 million USD, so while confusing I'm guessing this is not another spanner in the works and the increased costs are the known ones from last year.

Harry has no shame when it comes to targets and deadlines. August is now September.

The answer is already alluded to in my post, doze.

Investors should not be misled.

Even worse, deliberately misled.

So FG got his placement prediction of Fri/Mon wrong?

What do you think about Harry's predictions and heavily discounted placements over the last ten years then?

A word of warning for any newcomers to Kefi.

Do not pay attention to the rampers that act as if there is not a very long history of broken promises.

Maybe Harry will eventually deliver, but can he be trusted on his past performance?

He seems to be a master in coming up with new excuses for years and years of delays.

Harry also has the cheek to scowl at investors who ask perfectly reasonable questions relating to the constant stream of missed deadlines.

The buy price on II is 44p right now.

Sell 39p I think the tsx will show a better gain today.

With the POG I would think once the numbers are out for the quarter there will be another significant gain.

Hopefully, mine life issues will improve later on with the amount of drilling ongoing.

Think we may see 170-180p area personally.

Harry should make himself useful.

Dust the old Polaroid camera down and take a photo of the "campsite" and then everyone can come to their own conclusions.

Buying/selling? Who cares?

It means absolutly nothing on the AIM market.

Just mark down the SP and then fleece the private investers by doing a low ball Capital raise.

Lost count of how many times that has been done by Harry and his pals.

Also lost count on the number of false claims about timing for funding for the project.

Maybe, just maybe, one day Harry the broken clock will be right.

There are strong rumours that funding will be signed off this century and I'm confident Harry can meet that deadline.

Good to see you answered to your deserved name.

Toffeeman123 the ramper.