Member Info for Simms45

I was thinking the same thing about Saudi but Harry must be focusing 100% on final details of Kefi to put this 100% to behind in next few weeks. Frankly for share price momentum releasing final news on equity all signed up and then Saudi has a lot more traction so i am happy it is not released as even if they doubled the copper and gold on both Hawiah and JQ the market would barely register this. If it was a standalone company it would go nuts. Saudi is still not even valued in the share price as all risk is currently sitting with TK. Would make sense to spin Saudi out so it gets properly supported. There is still a chance that someone is buying us out of Saudi as must be many suitors at $5300 gold price!

Also mention and should not be overlooked is the full assay lab is ready for February 2026, so basically live now. That means fast turnaround on gold results for both Nic and Dupax. now we have back access to Dupax they can drill like crazy and get those lab results turned around. I wonder also if this update was written last week while issues being resolved as there is probably some reason for Metals to play it down and with limited drilling they cant really say much more. If the community are now not expecting jobs and community funding then they might be quite disappointed and actually be more positive on dialogue.

Back to 17p on live pricing for Bid so mood music changing. Did anyone mention that gold is almost $5300 and FCF this year is forecast over $230m 60,000 oz × (5,300 − 1,400) = ~$234.0m and rising to double that the following year.

Gap is closing and bid is now 16.7 and rising. I think we will end the day positive as how Metals be any cheaper than it is? We are barely worth 3x our 2026 FCF just for RunRuno and we have $50m in the bank. we are valued at .75 our 2027 FCF? That means someone could buy us today and would take just 9 months to pay back all the debt from our cashflow? While i dont expect a takeover at this price Metals is we are almost for free if you have the paper or cash to buy us, obivously today gold miners are drowning in cash so Metals has got to start making progress or we will be snapped up.

Shareprice recovering well as we speak as totally oversold given the tailwind of gold and La India being ahead of schedule. 16.6/16.5 bid/ask so not long before back to 17! I guess well done to any of those sold around 17 and now got back in at 16.3.

1.5 was a key resistance level so we have clear blue sky ahead to move on more confidently in knowledge the placings are now gone. Lets go!!!

Gold $5300, record FCF $115.3m, with $40m just in Q4 so we can look towards $160m+ in 2026. Margins now nearly at $4k an ounze! La India is 33% complete and within budget and ahead of schedule and first gold targeted early Q4 2026 with plant now upsized to 1.8Mtpa. We are a tiny market cap company and totally mispriced. $41.6m in cash in bank and debt-free! I think a lot of new investors will be piling in later today. The sector rises are big so we will quickly recover as the day goes on. gla

Lets go!!!!!!! 🚀

Dont worry today Kefi reboots as gold is in fire and whole world is about to pile into gold stocks and gold in general. Kefi time will come and today we push on significantly! Gla

Gold on fire today! Investors are going to pile in as we are undervalued on every metric across whole sector. We are now on target for PE of of less than 1 next year and our results do not factor in gold has risen 20% since these results so we can expect $150m FCF this year. Dupax is still on but needs more time as they have barely drilled due to numerous factor. Lets see how the day unfolds as i think it could be very good day. I am seeing a lot of action pre open elsewhere so likely Metals will do well.

I predict a BIG beautiful day tomorrow. Your welcome.

I suspect Iran situation is not getting any better for one that is directly linked. However central banks are also trying to distance themselves from Dollars and buying gold.

Keon is an open pit historically used by artisinal miners and is central to what Metals are sizing up. it has been reported by Metals so go and look it up. The grade is obviously there. While you cant Google what artisinal miners are in the area you can be sure at $5k gold there will be plenty, not least because a lot of gold is at the surface.

The key difference, apart from RoyalCo were not drilling in the same location, but Metals are not planning to build a mine but to continue to extract from the historic Keon open pit that has been mined by artisinals in the past. With no mine to build we are basically extracting the ore and taking elsewhere and in the end of the day the land will be returned to nature. This will support 1000s of families and government and courts are all on side. The locals are largely just angling for jobs and pay offs as there is limited environmental issues here that they can clutch onto. Furthermore Metals has won top awards for years in this area so comes with probabilty strongest social license. There is also plenty of artisinal miners who probably want to continue their illegal activities and will probably be wanting jobs. the good news is Metals is drowning in cash so i am sure there is plenty of ways to bring onside.

Kefi is has not kept pace with sector for sometime since the placing. we are artificially held down. From what i see we are getting far better traction and can see us punching to 1.7p soon but proviso is the background seller is out. Every morning we touch 1.5 only to be dragged back a little. on the flipside anyone buying in today is quids in waiting for that seller to move on. Major news due less than 2 weeks. If does not take us over 2p i do not know what will. if we do not start building momentum in my view we would be taken over as we are now so cheap relative to the market that surely we have plenty of suitors looking at the opportunity to get into Ethiopia and Saudi in one swoop and for most majors a few weeks of revenue with upside that they can collect 10s of billions over life of mine given Kefi will be approaching $1bn revenue in first year of production.

I think to 10x from today or 50x from when you invested would take some manhandling. I could only see a 10x from today if Metals started a buy back end of 2026 around £150m a year so we could buy 10-20% of outstanding shares, assuming £1bn market cap by this point, and then would considerably boost EPS and share price. The alternative is if gold went to $6k-$7k an ounze then 10x would be quite achievable. Throw in Dupax and a perfect storm of buy backs and rising gold and anything is possible. Key for me is relative value and if we get close to $760m FCF by end of 2027, which is entirely possible at $5k gold then even this number and a rising sector could see Metals 10x by 2028. i think this year 2-3x is perfectly reasonably.

Once we crack 1.5p proper almost no issues back to 1.7+. Enjoy the 1.5 era for the last time and in hindsight look back with fond memories. 2 weeks to signing off ceremony in Ethiopia and hello major gold producer in waiting. The only Comparable producers at Kefi levels today are valued $2.5bn+ and excludes Saudi that could be equally valuable. Lets go!

Starting strong today. Lets smash 20p this week, even without stellar results or Dupax news that all seems likely to be positive. Last minutes of buying less than 19p are upon us :(

Strange as i am sure at $5k gold its highly economic? 300k ounzes is 4 years of production so surprised This is not being discussed as its 150m awaycfrom Runruno and gold is 5x higher than 2019. Maybe worth asking or presumably Dupax is the motherlode and its in the bag.

Reality is directors cant sell out without issues overall so often a cash takeover at 10% premium is all it takes sadly. Hence why Kefi has got to get itself to 10p pdq as today its a sitting duck. 2026 will see so many gold miners disappear as big miners are sitting on literally billions of cash and high value paper.