Member Info for Simms45

Level 2 looking it might try to nibble 1.45 and speed of reversal might be fast. So much news expected so i guess investors getting in before we gallop on ahead. Could be a re-run of last year around same time we saw .5 up to 3 before pull back. Lets hope this time traction holds on real numbers from DP. If we hit those metrics DP is aiming for could be first time i have seen an AIM stock hit then:) must win some brownie points.
.10 Depth
1.4 200,000 CANA 07:52
1.4 200,000 SING 09:53
1.45 200,000 ARDA 09:39
1.45 200,000 JBER 09:09
1.45 200,000 SCAP 08:53
1.45 250,000 WINS 09:39
1.5 200,000 CFEP 08:28
1.5 250,000 MREX 08:49
1.5 200,000 PEEL 08:56
1.55 200,000 STFL 08:57

They should have known massive issues with environmental permitting. Its the main bottleneck and they appear to have tried a quick and cheap solution first. They will now need to go back to the drawing board to cleanup their water issue but that is another 6 months probably as once you get a refusal its harder to overturn. This is bad form by management to spot this was key and over engineer a solution as plenty of gold to cover all options. Poor management on this im afraid.

This should be the lowest entry price along with the JMs of this world but we have £4m, we are cracking on to the finish line and maybe just maybe that toll agreement willl materialise. Mestiza seems all tee’d up for extraction early doors but we need something extra from MC to pay his long suffering pis another 10% dilution + warrants from the placing and needs to dig into the back of the drawer to pull something out.

Could be a turning point with Cop26 exposure and lack of supply at these silly low prices. Incredibly undervalued given its global leading tech, global partner base covering all continents, 1
£1bn sales pipeline and turnkey business model. Only a matter of time.

Sounds more like a memorandum of understanding as there is mutual recognition so it just seems today to TKGM crack on prove yourself by December 2021. If this is happening then we should get further positive news but good Ethiopian government troops are back around the site so the EG are taking seriously.

“In particular regarding the Project schedule, Project company Tulu Kapi Gold Mines Share Company ("TKGM") formally advised the MoM of the appropriate adjustments to the recently MoM-approved Development and Production Work Programme in compliance with the mining regulations. We greatly appreciate the subsequent understanding and support of the MoM, as well as that of the other Ethiopian Government agencies, along with that of the local community and other stakeholders.”

Would be great if true but shame not 12 months ago as we could have done with the toll money in the bank to negate this recent placings and have firepower to not have any further placings. We would be over £1 by now if BOD pulled their finger out. While i would be very happy would equally be annoyed it has been totally unnecessary to wait so long when it made obvious sense years ago. Anyway the bigger issue is if it was some open secret the news would have needed to be released prior to placing as all directors would presumably be insider dealing. Anyway i guess if it happens in a month or so they could argue it was on the boil for years and only after the placing did they agree. On paper it will probably work but something would smell for pis continually being diluted and warranted out of existence. If the mine build placing included warrants you will know the real face of the BOD and it would certainly not be in support of their long term shareholders frozen out of these warrant bonanza placings.

We have been clearing lands and doing all the preparation work so we are short cutting 4-6 months from timesline so technically we are and have been building the mine in readiness for dropping in some equipment and a couple of portacabins :) so for all we know Mellon might be closer to the actual date but it all depends on getting on with things as quickly as possible and making sure there is no days without activity on site. Going for the 100k production zone means we use what we already have on site reducing some risk but at the same time if we can swap the motor and sell what we have quickly without major impact on cost or timelines lets try. at the end of the day it would literally only take a few weeks of gold production to have cash to buy the bigger motor for cash. Same if we got a toll agreement as we would be swimming in millions of cash by now. Key is always getting cash in the door asap as that is called a value creation event in anyone's books. maybe we might get some decent uplift in latter part of November or December as relying on gold price rises is not really something i want to think about. Lets create value for the pis. I am sure if MC did a primarybid he could have got this away at 35p with no warrants and i suspect Mellon and friends would have still taken part as he can see at 35p Condor is badly undervalued given the now short timeframes to production. Staying positive long-term but a little frayed that toll has surfaced again in presentations but again has been put back a month with this placing.

The placing is done and we have £4m in the kitty. Although it was not mentioned my hope is we have some cash left in the kitty that can be spent on some decent strategic calls on actions that keep pace with MCs bi yearly 10-20% dilutions to JM and friends. The net effect for shareholders sadly has been largely 0 for the share price and sadly we are not able to take part and fill out boots with mates rates warrants. This was some i really hoped would have been phased out as they should not be necessary under any circumstance given our 1-2 years from production and Majestic thought 50p was cheap a few months back. 35p is a an absolute bargain and and while i will add some more i do not get the chance to put money into our business directly and do not take some free warrants. Those warrants are low ball as it can also attract the wrong investors and i think it was totally unnecessary for such an advanced project. MC now needs to honour pis and get ahead of the dilutions and at least get that toll agreement across the line, buy the remaining land, add some serious gold ounzes towards teh 5m district or make use of the new CFO, who transformed Calibre, and make some strategic company transformation, maybe merge with Mako? While i think gold prices will rise substantially we should not just rely on this for value creation. You can see i am a bit annoyed about those warrants i think JM is calling the shots.

On the plus side in the grand scheme of things we are sitting on billions of gold and maybe 12 months + from extracting it and we have £4m to deploy to crack on at full speed. On the negative Majestic might ask why they paid 50p while Jim and friends pay 35 and get a free warrant at the same price as Majestic? Slightly makes the CEO of Majestic look a little silly. Further minor negative is i suspect we have had a toll agreement on the warmer for years but Jim has too much influence and has made MCs demands too hard nosed, not looking at the bigger picture of its impact on the share price and end of private placements. Had MC got any form of toll placings, even at a 30% split it would have massively moved the dial for MC and pis and placings would be long forgotten but then JM would not his yearly top-up with his mates rates stock. Really MC has to fight back as apart from his golden ticket when he sells Condor he is a pi himself and he is probably held over a barrel by Jim who might tell him that if you do a deal with Calibre or Mako then i might not be so keen to invest in the future. Its a tightrope i think. Certainly that toll should have been closed and i bet when dust settles it will be Melon influence that blocked it, for obvious long-term benefits for himself. MC might now miss his golden ticket sale price now of £1.50. there is still plenty of expectation of a great return but MC is making this so much harder than it needs to be. Just swallow pride, tell Jim politely he works for all shareholders, agree a toll at the going rate and move on.

Todays RNS confirms a few things. Firstly planners are onboard with gasification and if you look at anyone trying to get any form of planning involving incineration good luck. Wales has Moratoreum etc. This is key to future trajectory of growth as once incineration is phased out a lot of alternatives are needed. Secondly we have the ears and cash of a major corporation now looking to roll this out for their own client base. It is slowly coming together and would not get too bogged down in the price as its supply and demand and once Cop26 is out of way and we confirm what DP has said on revenue and proved he can hit the targets plenty will pile in. Nothing really in the UK cleantech sector that comes close to Eqtec with the spread of projects and fu backing from all quarters, allbeit more finance is needed but Cop26 might change that proper.

A very positive outcome that will set a precident for gassification planning and almost no opposition. With incineration now almost impossible to get planning for and most plants being phased out in time gassification is well suited to fill some of the void. Definately Eqtec are onto a global winner and they just need to ensure they get access to the money they need to roll these plants out at scale as it does appear the big money has not yet reached the doors of Eqtec. That i hope will change post Cop26 as Eqtec needs to speed up converting its pipeline, as much as 100 serious projects and start to make decent steps towards its billion pound market cap that just seems a waiting game really, possibly 2-5 years depending on the weather :)

I have always kept an eye on Simec as like many cleantech companies at some point their long R&D and false starts can often turn into something. While they seem to reached inflexion point with Tidal and tackled the maintenance cost side of the equation it seems that investors see the redirection of the planning to the Welsh government as a nail in the coffin? To me this seems at odds with what Simex are doing from converting a coal power station into a pellet fed solution. Am i right in thinking the Welsh government simply want to mothball Uskmouth and leave to gather dust or try to turn into something else? it seems to me that the odds of the Welsh government supporting might not be so low but interested to hear from those closer to the Welsh government and its view on Uskmouth as it seems today Simec is priced for failure so any upside on Tidal or Uskmouth would have a strong positive reactio.

A reasonable amount of trading mid market so i tend to ignore bid/offer spread as you can almost certainly get somewhere closer to the middle when you trade or more likely get a fixed price on smaller orders. possibly tomorrow we might get some news update on license extension so that will be useful if it does come in.

Phase 4 of Hawiah’s 2021 drilling programme is nearing completion – approximately 14,000m of 15,500m completed

· Updated Hawiah Mineral Resource Estimate (“MRE”) on track to be reported in Q4 2021

· The upgraded and expanded MRE is likely to enhance Project economics in the Preliminary Feasibility Study (“PFS”) due to higher grade and increased tonnes

· Metallurgical testing, environmental and hydrological programmes are progressing well

· Project work streams on track to achieve KEFI’s target of Hawiah commencing development in 2023

Harry Anagnostaras-Adams, Executive Chairman of KEFI, commented:

“KEFI continues to add significant value to our Hawiah copper-gold-zinc-silver project in Saudi Arabia, where we reported a maiden Mineral Resource Estimate of 19.3 million tonnes at 1.9% copper-equivalent in-situ in August 2020, after starting drilling less than 12 months earlier. At current market prices this represents a current in-situ value of over US$3bn worth of metal.

“And now another 12 months later, the results indicate we will within a few months be in a position to report a larger resource at higher grade. Recent infill drilling has also better defined the ore lodes and will upgrade a substantial portion of the near-surface Inferred Resources to the Indicated category.

“Our team has also been advancing key work streams for the Preliminary Feasibility Study with metallurgical, environmental and hydrological programmes now well advanced. This work is supporting the assumptions of our 2020 Preliminary Economic Assessment, including that all four primary metals (copper, gold, zinc and silver) will be recovered and contribute to Project revenue.

“An economic project has already been identified, but we are still very much in the early days of defining the full potential of the Hawiah Project. The ore lodes drilled to date remain open and we have yet to locate the ‘feeder zone’ to the massive sulphide lodes, which represents a separate and potentially much larger-scale target.

“With copper prices now more than 30% higher than a year ago, Hawiah continues to increase in value and strongly complements our Tulu Kapi Gold Project in Ethiopia.”

Sorry. I meant revised PEA due this quarter on further drilling. Yes PFS a little way off but that would be done just before financing was needed.

If they do it will certainly de-risk the project. I agree it is likely to be quite short but that will equally motivate all parties to stop messing around and get on with signing the finance off. We should get some news very soon but hopefully more substantial news that we can see a date when this will all conclude as Kefi are in the last chance saloon and need to seize the opportunity and have proper risk management to have all contingencies in place so not caught out as certain powers might want Kefi to come unstuck so everything needs to be managed correctly.

I am expecting the MOM to now extend the license or come to some agreement and this should be reported before the end of the month to give clarity and this should give a further boost. The Hawiah PFS should be also somewhere before the end of the year so could provide additional momentum to change the mood. A RNS confirming key investors meeting in Ethiopia would be a really good one but plenty of possibility for good news and and hope Harry can now seize the opportunity before the end of year. GLA

reading today that even a small increase in interest on UK government debt could be an extra £50bn a year to start with. Where is that going to come from? The penny might drop that countries are either going to eventually default or more likely get those printing presses going and inflate the debt away, as they have done every time since the dawn of time as the former is not an option. This time round will be no different. Gold is one hedge against the mess of inflation or sovereign debt mess. Add in that consumer debt and mortgages could be hit badly as even 1% rise in interest could raise payments for some by 50% then the government will face dwindling tax revenues and house price falls that will reduce confidence.it will be very messy and when history looks back they will know that even allowing interest rates to become almost 0 was a bad idea if you let people borrow vast sums. Look at UK borrowing just for Covid was around a staggering £500bn all in? that is nuts. there was more spraying of cash last 2 years than the previous 50 years in a single year. that backwash will surely catch up one day. Very happy to be on the good ship Condor as gold cannot surely stay at $1800 just looking at what is ahead of us?

I think now the MOM are aware of what happened then you would certainly expect an extension to be granted and could well be in the next few days and personally it is better for Kefi to release each news piece as its own RNS to build some momentum and not all get lost in a single release. Clearly big risks still on the table for Kefi but for a company on the "cusp" of a $360m funding just for TK and to be worth £25m today there is somewhat of a nice backstop with Kefi having multiple projects as Hawiah on its own is one of the more exciting in the market with a globally significant copper find. I think looking back i was certainly a little naive to think TK financial close was as close as Harry made it out to be and he should be called to account for that as it is a complex and drawn out process and his language has been poorly communicated to his detriment as well as pis. can anyone be sure we will have TK financial close in November or December? i do not think anyone can but we must be getting very close. It would be nice but for me it is not about November or December but just that we keep on moving towards the finish. However i do have a sneaking suspicion that November could be the month when parties meet to finalise and sign paperwork as December is going to be tight.

Ask now closed to 1.2 so MMs are on the ropes and some early doors buyers at 1.06 will sell on for some useful change. Looking very positive and with MOM RNS maybe next few days 1.5 looks a good landing point as 1.4 is looking very close. Obviously closer we get to people believing TK finance we should go to 2 and then 2.5 but one step at a time.