Member Info for Simms45

These shares will be admitted 27th Feb so shares will be sold around this date over issue price. The debt to equity is 30 day lockin so they will enter market in March so most of overhang has not even entered market yet.

ENATREL is expected to install only an 200 metre spur line from the main grid to the company transformer. This is mot even needing A grid extension, just run some canle? This is nothing and DP will be well aware of getting in place and already said Q2. Of course if we get operating earlier than power in June/July he will run happily on backup generators until power is installed as at $ 5125 gold we have massive margin to play with. However 200m is basic install and DP sorts the rest. I am sure if he wants he can run the 200m cable to yhe highway and save them a few days work. Arguably he might get done sooner.

To those investors that have actually invested in NIC through Calibre they will say Nic is probably the most stable you can find and very lucrative for ghold miners. Ortega is a tough leader but there is very little crime in Nic and 0 drugs. Ortega and Trump will get along just fine and the market has already given B2Gold a premium valuation that has a large part of its gold coming from Nic. I thInk the situations can only get better as Ortega will need to watch his step a little more. with gold now over $5125 we should push back over 16p and i am sure we will see a very good

With gold rising above $5125 and incredible tailwind i suspect investors will need to be quite quick to get in under 2p on monday. Would like to see 2.5p this week if we close the final funding as we simply cant stay this undervalued forever. GOING to be exciting 12 months. gla

Incredible we are still under 2p. Churn is almost complete and we can push on. Update on closing final financing, mobilisation of further installation, resettlement of locals, Saudi update all very close to he announced and should push us towards 2.5-3p soon. Gla

Totally agree on that. Gold now over $5k so the more the market starts to build in a longer term floor for gold the more this can be priced into gold producers and soon go be producers. Top tier gold miners have many billions in cash looking for a home so i think Kefi might get taken out before production as its just too plum fo a major to not get a decent position in Ethiopia and Saudi.

We have presumably only dropped temporarily as broker selling their shares. Will be gone in a few days so bargain today before we move on. Brokers dont hold stock, they immediately exit.

Its good to have high volume and churn over investors who are impatient and build new support 2p. Kefi is just going to deliver better and better news over next 12 months and we are unbelievably undervalued compared to the $340m of FCF that will dwarf our market cap. Thats only 2 years away and we should be around 3-5p now to be comparable to market but we will catchup shortly.

Just wait until 2 months before first pour, August or so. When market gets wind of $340m+ of FCF they will perk up and with probably an extra $50m in cash in the bank dividends will be announced asap. Remember we have 0 debt so while most mines are paying off debts we are not. This assumes Metals dont do another big acquisition but i think Darren and other shareholders are all focusing on dividends and maxing La India. I think price will start firming shortly as the sideways for 6 months is starting make Metals look an absolute bargain compared to the market.

looking very good friends in this video as well as the locals. build is well and truly underway and we are on our way to building a multi billion valuation gold and copper mid tier producer. *************kefi_minerals2021/117133 gla

As expected smashed 2p but just a matter of churning over the bedwetters at 2p but then we can smash on a lot higher. Once clear of 2.5p and get update then institutions will pickup the pace. Bargains to be had before the next legup! Gla

Harry said 5 mines in play over coming years, Tulu Kapi, Jibel Qutman and Hawiah and the other 2 are probably underground taking Tulu Kapi up to 200k ounzes a year. Incredible as i cant find a 200k mine anywhere near our AISC under £2bn. To go into 2028 with 2 mines in development and Hawiah growing bigger and bigger is incredible once in lifetime opportunity. Gla as we push on through 2p later today!

Steady on the driveway is the way to do it. 10% push a day will do nicely allowing some to get off and help build real new support at each level. I can see a clear run over next 24 months to at least 10-15p but Saudi could blow the doors off so will continually revise my target. However today my target is pessimistic and based on what Kefi are already reporting their own NPV at. We stand at a 85% discount to NPV based on Kefi numbers so we should on basic maths clear 10x in 2 years. Personally i suspect end result in 2-3 years is closer to 20x as when you look at many gold producers pushing towards 200k ounzes they are all valued in excess of £2bn-£4bn and they all have plenty of growth as they amass huge cash balances that will be used for acquisitions. in last 12 months gold miners have built up biggest cash balances ever on record. Kefi will be a tasty morcel for one of the biggies like Barrick etc generating $4bn of FCF a year! gla

Well it did look better middle of the day :) but has come off the boil on low volume. in 6 months gold price has gone from $3300 to $5000k so in 2026 we will add an additional $100m FCF (mostly profit) on 60k ounzes. Apart from making Metals look cheap they have plenty of powder to even buy another CONDOR outright just from the rise in gold. At same time Metals has not moved much. We have effectively reduced in value by around 50% compared to the broader market so i dont think we are long from a major boost. We have been drilling like crazy in Nic and our new lab is up and running so this is likely a very low entry once we start adding ounzes as those RNSs start to drop. If we add 1m ounzes at bare minimum $200 an ounze in the ground this will add $200m to current market cap and in current gold cycle likely a lot more. Metals announcing deal for Runruno will add back the mojo and this is not unreasonable. on top of this every month we get closer to first pour on La India so feels to me we have a lot of positive news ahead to reward the patient!

People just need to focus on todays % of NPV compared to what we will be when we are producing. Kefi have already said our NPV is 17p at $5k gold. We are only 10% of that. Assuming Kefi follows the same pattern as other miners should be above our NPV by 6 months after first pour. Therefore between now and 2027 there is a 10x opportunity. Todays price is a steal if everything goes smoothly, which given the mine plan is pretty off the shelf it should be and as the EG are shareholders so will also want this to be a poster child for other investors to invest in the country.

Take advantage of the dips and you might still get enough shares under 1.8p, still an incredible entry. That door is closing fast though as we churn over the 1.75 hurdle that was recent previous high. Once we break that we will punch a lot higher and faster. Previous high quite a few years back now was 2.5p so that will be the next serious hurdle but once things start to motor that will be very much in the rearview mirror.

Quite a few 250k buys now going through helping to mop up the share overhang. Starting to firm nicely.

I agree Lee that given Metals bought Condor out of the blue and with the cash generation they have they can do again if they want to. $30m loan on demand was a clear indication that he wanted cash should he need to move fast. Metals now has decent expertise in M&A activity and connections with Philippines run deep with probably high level contacts in government who will want to see the 1000s of jobs and families protected. At the moment i see Metals as a takeover target as we are 4-5 times undervalued based on 2027 numbers from La India production/FCF. An acquirer at todays price could pay back the outlay in about 1 1/2 year from our FCF so we are a bit of bargain. Once we get rid of the deadwood we can motor on as bargain hunters will start to notice.

We are quickly churning over the sellers which is great and only building up steam. This is a BIG month for Kefi and next month will be the BIG month for Saudi news! so much news is about to drop over coming months and we are 10% of NPV at $5k gold.What is not to like? gla

I think Dupax was already in trouble 6 months ago when barriers went up and the early drilling was not up to scratch. The stock went sideways ever since so i think Dupax not coming to fruition was already priced into the stock. Other mining stocks have taken off leaving Metals in the dust and now looks severely undervalued today. I am pretty sure DP could read the runes and was already looking at alternatives and I was personally enthused that DP talked about several deals being worked over and announcing something in H1. That could happen at anytime and we have the cash, loans and contacts in South East Asia to make it happen. Those departing for the greener grass are likely to be disappointed as most miners i look at seem overvalued and already had a very strong last 6 months on the back of rising gold. Metals are certainly far more susceptible to a cheeky offer as we are barely a few months of free cashflow from bigger gold miners like Barrick. Barrick have $8bn cash, Newmont are $7bn cash and they are adding each $4bn cash a year and are gearing up a major buying spree. Metals is a tidy morsel. I think 2026 we will see the biggest round of M&A activity in Gold miners. For me Metals is the right sort of acquisition as La India can run forever based on the gold district we cover and why DP is ramping up the drilling as he knows that adding resource will make Metals highly attractive and valuable. if we can add 1m ounzes think how much that will add to our market cap? That number is not unlikely this year.