Member Info for Simms45

Oil totally overshot. Pretty obvious it was going to tank as Iran has nothing left to fight and would need to a brave soldier to launch as its all tracked and missile sent. Once oul is back to sub $80 the inflation risk goes away, all the nonsense reverses and gold rises. Could be bsck to testing 16–18p soon,

Does seem something else might be brewing. He was speaking with Chancery etc before the signing ceremony and i am sure plenty of mining companies with billions of cash would in a blink of a eye drop £20m here for some involvement in the dozen other Ethiopian licenses. clearly Kefi will not be short of cashflow so the Ethiopian government will be keen to give Kefi the best licenses and support as they can trust Harry. He is a major player in Ethiopia and that is worth a lot if your a developer looking for a way in. £20m is now pin money in the world of gold mining. Even minnows are seeing £100m of cash sitting on the balance sheet looking for a home. The likes of Barrick are throwing this off in 1 day at the moment. Incredible progress being made and the value investors and pension hunters will be chasing soon. you could make a single investment here and live the rest of your life off it rather than try and jump into one investment and then another and i doubt in 2-3 years they will have 10x their investment over just leaving it in Kefi. well thats my plan :)

Gold has come down to around $100 and pretty likely there will be no army anywhere in Strait of Hormuz and i suspect any tanker today can freely pass but give it a few more days and suspect oil will be a lot less. Plenty of tankers who dont take insurance ignoring anyway and so far none have been hit. I suspect by next week the tankers will be getting through as those making it to ports will get $100 a barrel or might be $80 next week. Ortega is playing very smart with Trump. Could almost be a love in between these two in time but Ortega doing anything asked of him. Recently he ended all visas for countries Trump wanted him to. Seems he is very safe and Nicargua is smartly not a country on the drugs radar. All bodes well for Metals that now trades on a forward PE of less than .8 next year. Bonkers valuation but it is AIM afterall.

As someone already said that $20m was not actually needed as all systems firing and everything underway. This will re-rate big time over coming weeks. It simply cant be held down as the timeline to 15p-20p commences in late 2027 as the FCF is just unbelievable an supports 1.5p dividends without even being noticed. Today when you look at the market gold is certainly a safe haven and backing those digging it up doubly so. Gold will crash in about 2 weeks as its odds on US with Arab states will have bombed any possible Iranian positions. Sadly would not want to be in that area. Crazy times but never a better time to be invested in Kefi. gla

All on track. Less than 2 weeks to lift off! This will start to fly as things start to move and never a better time to be about to go into building a $780m FCf machine for Kefi. Just dont tell anyone else about Kefi and keep it our secret so can build up a bigger position. Probably best investment you will make over next 2-3 years and limited risk. Gla

Also i assume that £1m of 3 trades from yesterday just showing up were sells and might explain drop today, although price seemed possibly a buy. If so how can the market support £1m buy and see shareprice fall.

I thought i read lab was operational in January and DP will be going hell for leather to add ounzes to our resource as its a nobrainer given cost of it is negligible as its all inhouse, we are drowning in cash from $5150 gold and every ounze will add so much more to market cap. Its been a pretty meagre period for updates so i am expecting some biggies before interims. surely adding ounzes will be a big focus for DP and he will probably not stop and more likely double down. metals is now embarassingly low and i think we might face cheeky takeover offers if DP does not get his skates on. It would be a bitter pill if we succumb before La India goes live from an offer but hopefully we can make it into production as dividends are close given we hit the ground running debt free.

Given the now 92% discount to NAV you would think the nervousness and risk is fully priced in and then some? The mine will still product $787m FCF from 2028 AT $5000 gold and makes a joke of our ridiculous market cap. To put it another way today is a bit like buying a house for £1m and then getting £3m back in rent every year. Sure we need to build it but this is actually the easy part given the design is off the shelf. That is how bonkers we are undervalued so challenge anyone to find an opportunity to get 300% yield in 2 years time. Lucky to get 5% yield on a property? The recent presentation spelled out just how undervalued we are. Let hope Harry closes the final $20m or more and then crack on to push to move out of AIM as the investor base just seems so thin. If we were on the Canadian exchange we would be double today at least as can be seen by other miners in Nic who are in Canada. gla we will break 2p very soon!

Kefi was unbelievably oversold last few days so we should saunter back up next few days awaiting news. Wet signatures cant be far away and then we can bank another $30m cash and unlock the full package. Saudi update surely must be ready to roll once Harry can draw a line under TK financing. We must have found plenty of additional gold and copper and JQ financing must be close as this mine was supposed to track TK closely.

Lee right behind you on your points. Warren B also said diversification is riskier than putting large sums into small number of well understood companies. Those with “diversified portfolios is a confession when investors do not understand what they are doing” :) Metals is an incredible opportunity and risks are actually well managed.

Might also generate some buying from African nations in Kefi as these awards are well respected in Africa and puts a positive seal of approval on Kefi. Would do wonders to get off AIM as for those outside the UK not easy to buy through platforms as they only cover the FTSE 250+. Come on Harry lets get Kefi off AIM and upgrade SP Angels.

Gold has partially bounced back this morning and nearing $5200. Very nice place to be for Metals as $200 is a nice round extra $14m cash in the bank. I am predicting a blue day today!

I predicting a blue day today as gold is settling nicely bsck towards $5200 and awaiting a steady stream of RNS that will be transformational. Hopefully this week?

Seems to be a bit of a risk off day today. Tomorrow that money will look for a home and i am pretty sure oil and gold are both pretty high on the wish list. I think the talk today about inflation are a little premature as the Straits of Hormuz could be easily taken over from Saudi if they wanted to sail across and seize it. iran has no defences anymore so they are going to struggle to respond and clearly will need an off ramp. The people of Iran wanted change so i suspect that when Trump said 4 weeks then he expects the Iranian people to rise up and take over and no doubt be forever in debt to the US with some crazy oil deal. Kefi does have exposure to Saudi so i guess some small discount has accounted for this but with the RNS we all want incoming when it lands we all know we are heading to £2bn-£4bn by 2028 and 17p share price.. gla

The stock market is just re-calibrating and in the risk off state. However that normally does not last long and investors will come out and back sectors that might do well under the circumstances. Gold and oil sectors are surely going to be in the spotlight. I think Metals is perfectly placed geographically and away from the trouble so one tick for that. We are debt free so if debt markets go quiet we are in good shape. gold price likely to yo-yo but more likely to follow the long-term trend that is in motion as gold is being bought by many central banks instead of dollars. we are into Q2 and that means any day Darren will drop his plan for RunRuno. He clearly has the plan in motion much like Condor so hopefully its another triple bag prospect. Certainly the debt free nature of Metals is very comforting for now and i think we should see a premium applied to such good management that is clearly not the case today. even on Runruno numbers we are barely 3x our FCF,Fast forward to La India later this year and we are valued today at .7 FCF? That means our entire market cap will be paid within about 9 months of full production. That is bonkers so once those numbers start to stack up the market cant but buy into Metals. gla

Harry is not exactly covering himself in glory and startink to think his finessing means something quite different. Anyway it will happen, i expect Harry to take a little more and throw that into Saudi and then launch our own Epic Fury on the stock market with revised numbers for JQ and Hawiah. Shame how gold price went up and stayed static and then when it fell back we got dragged down by it. Anyway Harrys own numbers say 17p value at first pour so we are now exactly in line for a an almost guaranteed 10x in 2 years time and the fabled 1.5p dividend come 2029. Gla

Everything matters, but some things matter more than others. The big variables are closing financing and moving to build. The variables around this are numerous. A investor needs to take a decision on likely risk of any of these affecting Kefi and buying or selling based on this. Sure some investors will take some cash off the table while others will be thinking that when that key RNS lands fully derisking Kefi and unlocking the full $340m and converting out $110m sweat equity then that is the big ticket item. As gold gyrates that will change the NPV. i think the chances of this project being sucessfully built and on time are possible given the staggering investment being made. $340m gets a lot done. We are over 90% below our NPV presented by Harry so we have to start to accept that the upside is maybe 10x over next 2 years vs some black swan event specifically impacting Kefis ability to build the mine. Personally Eritrea marching 1000km to TK is unlikely. Iran attacking TK with drones is impossible. gla and lets hope RNS lands this week as would be nice to crack on.

As to Ukraine the US and Russia are largely negotiating who will get the spoils from the war and Europe were angry they were being left out of a lot of the reconstruction bonus. Europe has got however a large amount of Russian cash sanctioned so they are carefully holding onto that as they plan to acquisition that and use as part of the European reconstruction. Sadly UK will be almost certainly elbowed out of the way. US have also already filled their boots with mineral rights and Russia have the land they want and are not giving back. Once the US, Russia and i guess Europe get what they want the war will be over. Ukraine has little to say as without support of US and Europe they are toast. Apparently Ukraine was over until Boris intervened as the US/Europe wanted to use the opportunity of Ukraine to degrade the Russian military apparatus, sanction all their cash and reduce Russia down to size. Quite smart. i suspect once Iran is otl Trump will get back to Ukraine but i am sure he will want more upfront cash this time. This is all part of cutting down China's influence as you will note all of these countries were supportive of China and one by one getting picked off.

I think the interesting aspect is this what happens when you put a businessman in charge of world affairs as opposed to politicians. Business people just get on and make decisions while politicians kick the can and just react to the mess they dont fix early. With all these global situations all would probably have never happened if politicians actually got on and fixed the problem early. Where would all these situations be in 10 years if nobody acted and let things fester. dithering never solved anything and i am pleased DP is very much a doer. If we can get his deal he is organising for RunRuno that would do very nicely and every week is a week nearer to La India going live. That will slowly but surely put a rocket under Metals.

True that Trump does not want forever wars but does not mind a weekend jolly. He basically ended Gaza conflict by flattening it over a weekend, that no one else wanted to do, wiped out entire Iranian govt over weekend and population are likely to rise up in a week once he has done the job nobody else was willing to do. 81% of Iranian population supported recent uprising so government troops will switch sides quickly. Trump sorted Venezuala in a day and he now has Venezuala changing their tack and cooperating to some extent. Cuba is close to falling and all he did was cut off oil supplies. In Mexico he removed drug lords and stopped a lot of drug activity into US. People might not like him but he is doing the job everyone probably secretly wanted to him to do but did not want the political fallout themselves, forever kicking can down the road making suffering of people worse. Anyway Metals is sadly well behind market and a screaming bargain with a PE of 1 next year. Bonkers valuation and cheapest gold miner in the FTSE by a long way. Sure we have some execution risk but Ortega is smart. He has minimal drug issues and Curried up to Trump with political prison release. Trump knows Ortega without Venezuala/Cuba will continue to change tack and he is an easy target. And our cash balance will balloon as gold rises over $5380!