Member Info for Simms45

Vod interview was both documentary on history of Ethiopia but plenty of details on Kefi. Key for me is banks and govt now chasing Kefi so its all in our court to finish. For me this is key as before it was EG and ratification and now this is done. Banks need to put all that money to work so between now and end of June i expect a lot of RNS announcements. Biggest deal of the century for UK mining pis by a long stretch.

Certainly been a blessing to move to Metals to create value by building tue mine as 2 years of waiting was painful. If not for steady selling by Condor investors who knows where Metals would be. Personally like to see board buy back some shares to clear out sellers so we can motor on and key for valuation will be dividends as nothing helps value a company like a yield. Darren has already bought the drilling rig so we can have a team permanently drilling day in day out proving up thw gold reserves and will be 1/10th or cost to get external team in. Very smart just like the 2nd hand mine. Cant fault is acumen and i saw he shook hands with artisan miners to move in. I remember months of waffle artisinal miners would hold things up by all gone in a puff of smoke with Darren onboard. onwards and upwards!

Bear in mind Movialsa in Spain has been operating continually for 10 years with incredible uptime. This is why im confident Italy and Northfork and similar projects closer to Movialsa input will run smoothly. Italy got off to a rocky start as it was a retofit and 3rd party parts like the jenbacher caused early headaches but Northfork is in the sweetspot. Our R&D facility at Lorraine is going guns and modeled dozens of input feeds so we have all expertise we need. Just need now projects in dev to go live to join Italy and things will start coming together. Hopefully news soon as i think the lack of news was probably due to Compact deal and now getting some distance since it was announced. I am sure more news would have come out if Compact deal was not being worked on and wanted no news to send the stock into orbit and jeopardise the deal.

All i am saying is the $100m sweat equity was written off. Its not seen as an asset. Shortly we will add that back on the balance sheet. It also means debt raising on assets will be way forward as opposed to dilution as banks will lend against it. Sure its part of the sustantial loss over last 12 years but we can generate a lot of profits tax free to use up those credits. Dyor

Key is with Kefi its unlike any financial closure most investors will be used to. We are converting $100m of sweat equity (valued at 0 on our books as its historic investment over last 12 years) into our equity contribution for $320m funding so no further dilution. in fact deal should release cash to Kefi as our $100m was only up to 2023. We have invested cash since. There is no other sweeter deal out their so this should multiply todays value alone on signing so 1.6p is literally our asset value alone. As soon as investors see the project actually start investors will look focus on tue .5p minimum dividend (Harrys words not mine) in 2028 and investors will think if i invest £10k today i should get back a dividend of £10k as starters for life from 2028 and my original investment based on 10% yield would be 100k in 5 years. Therefore value will be extracted as we move away from market of fear and greed. Nothing focuses valuation than big dividends. In reality dividend could be much higher. Throw in Ethiopian stock exchange listing (i reckon news due very soon) and we know locals will pile in and if we get a knockout offer for Saudi we create even more value. Happy to take $50m cash for that now or we keep and it will be the next big prize when that gets listed on Saudi exchange, We have EG as shareholder so Kefi will have best position to get new licenses (not that we need it as we are drowning in them) but fastrack permitting for next projects is more likely once we Kefi has proven ourselves.

Closer we get to making $300m+ free cash flow the better! Value will follow the money. As i see it at the moment there is a continual transfer of shares from the last placing to pis. Hopefully not much longer to lose the baggage. When its gone its gone so take advantage if you have spare coinage! Gla

Whole of AIM miner valuations are in the toilet as nearly all have made fanciful projections that turn sour everytime. Kefi historically no different. If and when Kefi delivers, we get cash in the bank and crack on kefi will be one of the chosen few that will get properly valued in time, until then its just fear and greed. For me with EG as partner and debt in place this seems by far the strongest set of indicators that we are in for a 10x opportunity from today. I am not even thinking about Saudi asset sale or local listing in Ethiopia. If latter happens this will go bonkers once the locals pile into the first stock exchange in the country. Its like Big bang for Ethiopia and great for Kefi!

With a current PE of about 2 its hard to argue we are not grossly undervalued but we are steadily rising in value as this will just keep on running and running. Abra or another nearby asset to keep Runruno going for another 10 years would be golden. Looking at BMV i think their mine is 12 hours away from Runruno so unless im wrong not really favourable. Obviously Metals are throwing off a lot of cash so nothing impossible and they could take over BMV in their JV as franklu BMV just look to be another money pit like Condor with no likelihood of ever going into production and only outcome is to sell, almost certainly forced by its JV who can see this is going nowhere with BMV. If metals can muscle in could be a plan.

Key is Kefi was one of the first to take a chance on Ethiopia. The EG have become an investor in the project and presumably smoothed all the debt fiancing and our ability to use our $100m of sweat equity for our 80%+ stake. Find we another project anywhere in the world where investors with no dilution in 6 weeks will trigger over $320m of debt and secure 80% of a massive mine that will generate well over $300m net cashflow a year to kefi investors. Then think about the local listing of Kefi on the Ethiopia stock exchange and how many locals will know the real value of the project and want to buy stock in this huge project that will be the biggest dollar exporting machine for the country. Then look at how big our concession and licenses we have and with EG as an investor how this will work to our advantage. Do you think the EG will not be very supportive going forward. Throw in a Saudi project with Artar that is multiple of Ethiopia and be aware that similar companies are floating on the local stock exchange at over $1bn and you start to think just maybe the £40m valuation for Kefi is absurd. I understand Harry has sold stock to all kinds of intermediaries in lieu of salary or payment and this has been holding back the share price but ultimately we will start to reflect a proper valuation. Will we get to 15p NPV that Harry has said we are worth today on lower gold price is yet to be seen. Certainly 5p looks very clear and that is a 10x from the lows. Countdown is on and end of May we are due a lot of news to confirm if everything is on track for June newsflow. gla

I have to say with Shein and Temu hobbled by tariffs and UK better positioned than other countries to export to the US and possibly smoothing a path for shipping back to europe there are some macroeconomic tailwinds. i have really been out of boohoo for a long time but not sure whether Boohoo will be able to rebuild and its current precarious situation.

Just Watchout on the 4th June when some of the retailer investors exit. Mirriad have bought an extra 3-6 months and only their revenue projections are for once correct will Mirriad continue.

Great input nocturnal and gratefully received as i was highly suspicious of what was under the bonnet based on 10 years of no revenue to speak of. Certainly shows that the emperor was not wearing any clothes. Beringer sounds like he was a Charlatan and instead of investing £50m to develop a world leading platform that all agencies around the world would subscribe to and work with their clients to use he had a poor team in India working overtime to make it look that something was happening and was manual. Does explain why i could not see any demo of any platform. if correct today its a huge shame and not the first time i have come across agencies that fall back to their old media agency ways and just do a lot of talking with very little action. Unless there is any real programmatic product offering this is a dead duck as there is no scalability.

Areprice is holding up although real test will be when 15bn new shares enter exchange on the 4th June and certain characters will try to flip above .1, including MMs. Quite intrigued 2phevs where where you heard JV will take over £200k of staff cost in US. Cost cutting from £750k to £250l is decent but a lot of that will be people. All focus is now on programmatic and what shape it is in as with less resources they are gonna need to be embedded and that the market will bring the brands. Love to hear from anyone who has used the tool and who else is muscling in as i can only see 1-2 platforms in the end to secure the market. I would be very worried if dev is only in India as from experience that is probably why Mirriad have never finished its programmatic solution. India is a graveyard of bug addled and incomplete development. Any input from agencies who have seen this solution or anything that puts some meat on the bones to understand this offering would be welcome. With fewer staff we need to lean on the product but i have suspicion its a bit of a white elephant.

Thanks for pointing out. In haste i misread £.2m being from wrap offer as wrap offers are not very well received in the circumstances and they offered no warrants that goes to show they had little interest but a token effort to make it feel like management are thinking of pis :) any shareholding buying in wrap will sell today and more often than not share price falls below .1 anyway, certainly when pis who buy in wrap try to make a quick flip. Certainly a very positive step to cull ceo and costs bigtime and tech gets another 6 months to prove itself (before auditors see if revenue is even close). Big question is whether this programmatic solution is good and will scale. I would like to see a demo of this solution as it might change or not my view from watch and wait as they say enough for 12 months runway but all contingent on robust revenue numbers that seem a little ar fetched given £80k only last interims. This is why i am penciling in 6 months max before reality. Anyone got links to any screenshots of how this programmatic solution looks and how accessible it will be?

Fair play manu. Like your conviction to the cause and i am have been here long enough to be exasperated by the Harry rose gold tinted spectacles and fairly underwater but main reason keeping me here is precisely that Harry has raised £70m from successive investors and got prime minister and EG on board and praising Kefi. Must give Harry credit for that as he has kept lights on through Civil war and many curveballs aside. Given debt is now secured and Harry and all his cronies will cash in for bonus etc this will happen. I also think his timetable now ratification is signed off is possible but all investors need to know is direction of travel is moving fast and that holy grail of cash in the bank is not far off. Next big RNS, apart from more confirmations are signed definitive agreements, announcement of Kefi listing on stock exchange, and maybe Saudi sale. so many possible RNS in the run up to closure. Just be a shame if you miss your opportunity. You should know better than anybody how Kefi shareprice will react to this type of news so at least use your decade of kefi understanding to your advantage. If thats to warn other investors based on last 10 years so be it but if you redo the analysis and see this is not just the Harry show anymore and roads, power and people are moving you might come to different conclusion. Gla

Trigger happy buyers either buy in wrap at .1p or wait until all the stags try and flip on release. This will go at or below .1p and are you not thinking if waiting to see if they raise enough money as they have said if they dont it might be curtains. Just dyor

Manu if you can here me, now is your moment to recover all your previous losses and to watch that money come in! I am rooting for you

While its a kick for longterm shareholders the tech lives on, presumably raising enough to satisfy auditors, for remainder of year. A revenue share from US partner sounds more like debt for equity but does push that US partner to help crank up some advertising sales. Still nothing to say Mirriad is live with programmatic and can generate more than £80k in a quarter. Its astonishing after so long they generate so little, at least do some additional service while waiting for world to catchup. They need to also crack gaming world to insert brands and if CEO is gone at least investors can take concilation his crazy salary is over. where does it say he has gone?

This could be the start of fomo wednesday as we move to financial closure in 6 weeks and as a slew of RNS are lined up for coming weeks. Anyone who gets in with an average under 1p could see this 10 bag over coming 2 years up to first pour. Dividends similar to todays share price, according to Harry, in 3-4 years time and likely much more by then. Remember get his first £400k bonus on debt sign off and once shareprice is 1.5p so he is close and he will be releasing news now to get secure that first bonus asap.

Certainly true the dividends will be huge. Harry did mention sometime ago on a webinar in response to questiom saying dividends equivelent to current price (was .55 at the time). However that was pre $3000 an ounze gold. As you say $300m+ conservative net cashflow will enable sizeable dividends and as you say once they can see a long-term dividend and global interest rates falling a 5% yield will underpin the shareprice substantially. We are now fully funded to first pour so now just need to wait a short while for paperwork to get done in next 4 weeks.