Member Info for Simms45

Have to say i enjoy Manu’s message and its true that until we get that $100m in the bank from equity its not a done deal. However his days are fortunately numbered but sadly but would have wished Manu piled in at .6 (maybe he did) and recover some historic losses as investing back in probably 2016 was a bad deal given the extent of dilution. When i first invested at about .7p 5 years ago market cap was around £25m and dilution has tripled shares in circulation. Imagine over last 12 years! We are close and maybe end of month we have full $100m in a bank and Manu can find a new catch phrase. there is a pretty decent 10X here so manu there is still plenty of time!

Price is now more like 1.56p and rising. Good chances we will see 1.7p over coming days as the gold price consolidating over $5k seems real and only 2 weeks or so for all our equity holders to pony up $100m cash to pop in the bank and crack on. Should finally unlock our $100m of sweat equity and turn that into sweet smelling bottom line asset. at the moment that $100m of sweat equity is valued at 0 so once it is converted we will see a substantial rise and give us assets to borrow against in the future. I really hope Harry has learnt the hard way that placings are not the only route and Kefi plc will be debt free. Therefore as we move towards first pour there is scope for Kefi to leverage its assets a little to borrowing going forward and maximise shareholder growth. For me the final signing will give closure on a long and painful past but transform Kefi over next 2 years into a mid tier mining titan. 10x from todays price will seem almost incidental in 2 years. gla

Does feel that there is a stronger foundation for Metals going forward. The jump to $5500 gold was enjoyable to watch but it was largely built on short -term signals that could evaporate quickly, as they did. Todays gold of over $5k feels now accepted, cruz interview later today and La India pushing on at break neck speed all feels real. Would be nice to see 18p shortly so we can push onto 20p as we cant hit the end of 2026 on a prospective PE of just over 1 for 2027 can we!

I think power transmission was October so even if build is ahead of plan i suspect unless they can get the power installed sooner we will not go live any sooner that the original time table. Obviously getting mine infrastructure in place early is a great place to be in and can do plenty of testing. They are installing back up power so if that is done then no reason to not start processing using this power until the electricity is switched on so as no time is wasted. Hopefully Crux interview tomorrow to hopefully build momentum. we are still the cheapest producer on a FCF/EV basis for 2027 so my estimate is 2-3 times growth over next 12-18 months at gold over $4500 for La India. Dupax will then be a bonus.

Well krok if you quick take a position as with gold almost back to $5k and up 9% on day we will likely bounce through 1.5 today and heading back up. I suspect $5k is the floor and we overshot last few days. Gla

8% and $4903 so heading back to $5k

Maybe an RNS coming out in next few days or he is awaiting some news to share as i am sure he is keen to have something to share on Dupax.

Well for one i suspect Crux interview will give some colour and positive momentum and second gold momentum is rising back towards $5k as chart looks it was oversold. On top of that plenty of geo political reasons as Putin and Iran play games and try and make Trump look a fool. On back of Madura i think he is confident Iran can implode and he can install himself as supreme leader and take all their oil :)

And chocks away!

Courtesy of JS below but Kefi will be going gangbusters when this happens and i am sure Gold will be flying as Iran are hardly going to lick Trumps boots and i dont see Trump sending back his little flotilla without him flexing :(

- Chancery said they will be in Ethiopia for a site visit week commencing the 9th Feb (3 weeks from the 22nd Jan).

- Chancery said they will be meeting with the president and dignitaries on their visit and taking suits. (Which have not been worn for a while)

- Harry in his most recent proactive interview said “there will be plenty of photos next month” - Feb.

- KEFI not attending mining Indaba between the 9-12 Feb, which historically they have done and is one of Africa’s largest mining conferences.

- KEFI are seeking to sign definitive documentation for equity partners and conclude all matters to fully close finance next month - Feb

- KEFI are looking to start equity drawdown next month -Feb

Absolute gift this morning to top up. Crux interview and i cant see us less than 15.5/16 at close of play. Incredible gold gyrations. Especially bizarre as i would say geopolitics are more precaurious today than on friday when sell off started.

Slight over-reaction to gold but generally you overshoot up and down. Probably over $5000 later in week. Odd given Iran is hardly going to bow down at Trumps demands so that is only going in one direction and he is just getting everything into place.

Some absolute panic sellers and buyers today from looking at the share trades. Someone looks to have dropped £270k early doors at 15.5 but quite a few buys in afternoon. Crazy how we we rose a lot slower than gold but dropped a lot faster. Crux on monday so hopefully Darren can perk us up but bargain to be had in Metals. Most undervalued gold producer by a mile based on 2027 and 2028 based on EV/FCF. No one else comes even remotely close.

50:19 15.50 1,747,299 Unknown* 15.20 15.40 270.83k O

We are back to same price we were 1 month ago when gold was $4300?? bonkers over reaction today. Monday will be a correction northwards as while gold price is important to Metals its really gold price in 9 months when La India kicks in that will matter and executiom risk continues to reduce as we get closer.

We are now lower than we were when gold price was higher 1 month ago and before most recent updates about Kefi finance. Big correction coming on monday as the over reaction today is ridiculous and news due in 2 weeks to close the equity and get the cash in thw bank. Serious day today for topping up but was busy to able to put in an order at the close. Monday hopefully get in an order before price heads north. Baffles me why Kefi almost never reacts to rising gold but gets huge drop when gold sneezes.

Not sure how long your invested but Saudi is huge but totally eclipsed by TK financing. Split out on its own would already be £100m+ but so many great updates on Saudi buy 0 reaction from market. Do you want Harry spending days on a Saudi RNS or 100% focus on TK to close in 2nd week of feb. I know what i want and Harry is doing a lot along with his team. From painful experience TK finance done and cash in bank and then blow the market out of the park. As to deadlines Harry has been on time for last 12 months with updates. He does q and as and interviews. Way more than most. Not saying we like all his updates but if he stopped all this pandering to investors i reckon we could have shaved months off financial close. I still hope Saudi is released after TK close and not give Harry any distractions, however good but maximise lift will happen when market can see we have the cashcow in process. by 2028 around £400m cash is on its way to Kefi shareholders at todays gold price. Its bonkers and will load up while lemmings run around headless buy and selling.

Just look at comparables to Kefi in or close to production and at 160k ounzes nothing under £2bn and we have lowest AISC of anyone. We have Saudi and so many other licenses to JV and Harry was first in Ethiopia and Saudi. He has made contacts, has Ethiopian govt as a shareholder and one of the wealthiest Saudi families in Saudi. This is worth a huge amount alone. I double checked every aim listed gold miner and Kefi stands out by an absolute mile. I mean no one is even close and not gambling on minnows that will take 10 years to produce and dilute you to kingdom come as Kefi already did for 12 years :) We should be £500m+ on cash in the bank and £2-£4bn when we produce by 2028. Its simply obvious given comparable miners. Yes some risk but it will not be money as we are throwing a ton at it and mine design is standard plug and play. Ethiopia now looks very safe and stable. Execution risk is lower than some people think. All in all 10x from my perspective is not even pushing things. by end of year with everything going to plan and Saudi JQ on the go £1bn is likely. Again just look at comparables. 2p incoming soon!

Please Harry ignore impatient shareholders and hold back until we close TK full and final. It will have maximum impact on momentum. Dropping Saudi today will have less impact.

Things are about to get interesting and Kefi is in a perfect storm. Lets go!

Rockets at the ready but my goodness things are hotting up and Metals are in a perfect storm to take advantage. At this rate $6k by tomorrow morning

$5420 so this is going to help put a rocket up the back of goldies tomorrow. Today was a lacklustre day in fairness and surprised we did not push on as gold price directly impacts our bottom line. I have a feeling monday should be interesting and what else we find out as i am sure Darren is keen to have an operation in the Phillipines so clock is ticking. Bloody handy for Metals investors to have bought Condor :) Imagine the scene if everything was riding on Dupax. At same time Condor shareholders can thank their socks the friggin mine is getting built at Arguably best time in last 20 years. Also hope Metals drops an RNS about some way forward as otherwise 1000s of staff will be staring at a P45 end of the year and i am sure government and community will do something to keep mine operating. Lot more pressure for Darren that i think be quite enjoys but Dupax should come together.