Member Info for Simms45

£180k changed hands after hours, hoovered up during the day. I think todays webinar and recent pitch win at Mining conference has really helped affirm confidence in the plan. I would personally be surprised if we did not go into March closer to 3p as assuming pis hold their nerve we know buyers will be piling in on finance closure and Harry said today that investors into TKGM are buying stakes at considerably higher prices than Kefi. The question begs that you might expect some investors to bypass the project finance and buy a stake openly in the market. Investors must he investing at 6p or more at project level so some might simply build a position in the main company. This is what i think will happen and a sort of arbitrage wil open between the main investment in the project and the Kefi shareprice. The current low share price is a hindrence so lets hope that gap can close over coming month.

01-Feb-21 16:41:29 2.0505 3,717,864 Buy* 2.04 2.05 76.23k O
01-Feb-21 17:11:29 2.051 3,717,864 Buy* 2.04 2.05 76.25k O
01-Feb-21 15:40:13 2.0516 1,265,642 Buy* 2.04 2.05 25.97k

I am in full agreement SB. With finance and first pour end of 2023, probably early 2024 and 65-80% of TK we have a £300m+ enterprise just for TK. Add in Hawiah and JQ you can easily see plenty more upside and licenses raining from the sky to Kefi being first miner in Ethiopia and a headstart in Saudi. A long journey with plenty of potholes but one that is seeming to be about to be realised. All hangs on TK but when Harry talks in fine detail on rehousing plan etc you know things are very promising. the newsflow is also looking very strong this year so i can see 10p not being unrealistic by year end.

“Hawiah will one day dwarf TK”
“JQ is a string of pearls and is open pittable with low cost simple heap leach process and could be running in 18 months and generating 10s k ounze of gold.”
Kefi have gone aggressive on Saudi Arabia putting in for 40 licenses making up 6 possible projects to peg their territory and presumably with Artar as partner we will get them.

“The backbone of the deal is done!”

Kefi now looking at 65-80% ownership of project and if you remember 18 months ago we were looking at 45% so a massive increase. Kefi now looking to move up to 190k ounze as soon as possible so more great news.

Wow! The most bullish Harry has ever been. Did he say 100% certain of closure by end of March assuming no black swan event. Everything you want to hear!

hopefully the big correction is underway and final results in March confirm everything. if the new 5 year plan is bullish on mandating E10 we should be. magnitude higher than today. I think buying now is likely insiders who know whats going on so hopefully we all hodl.

Seriously? They talk of not having resources to write business news updates but then find the time to tell their shareholders and customers they won 2nd prize in a beauty contest etc. Do clients/partners/shareholders care about this when there must be better news and telling us 5 months late if it was September. Hopefully they will move on to news that will interest their customers and shareholders.

Eqtec are very much involved in generating Hydrogen as part of their syngas and they have a good article on this : https://eqtec.com/how-biomass-gasification-can-help-boost-global-green-hydrogen-production/

For anyone with access who might want to watch

https://mines-money-january.eventnetworking.com/online-conference/3442

I managed to get access to the pitch and listened closely on Harry. Its pretty compelling. From the video the bank and consortium was finalised in December and all documents are focused to complete the deal by end of March. There was only some uncertainty about whether any local investors will participate but Harry seems confident it will end up 65-75% Kefi. On Saudi he thinks we are weeks away from a bankable project and we have not even found the mother lode but tracking this down. Seems an incredible update and no wonder he won largely hands down by judges as to where they would invest their virtual $1m so it bodes well that Kefi have everything working to schedule. I can see from those who watched the pitch and even the investment judges might well have taken a small stake today. Looking strong as we get the update on the 1st and hopefully get some answers that we are going to close as planned. Hawiah is very much the darkhorse but its clear that will be very economic and will probably gef green lighted later this year. everything to play for and can see the share price firming as like it said in RNS it looks like all systems are go.

Only difference imho is that Eqtec rise was warranted. We have far larger order book than other cleantechs, about to hit profitability yet we are valued 1/3rd of many of these. There is simply so much good news to come, probably starting next week. GLA

All good PR to raise profile and find new pis and obviously a large audience at this event will have focus on Ethiopia so could draw in some investors.

Lets hope E10 features on a national roll out basis in the March 5 year plan as China will need dozens, probably 100s of additional Ethanol plants to be built and possibly those orders are now in. Just gotta hope CNEL get some of that business and open partnerships so they can become the technology partner and let others do the building.

Given Biden has taken the sledgehammer to oil and gas has and is currently putting a rocket under cleantech i do wonder if the lack of impact this has has on Eqtec has been partly negated by the frivolous Aries patent spat? With North fork just a starter i would expect hundreds more possible orders to come in once Aries have been shaken down as Eqtec have the perfect test project due to go live to prove up its capability.
https://www.bloomberg.com/news/articles/2021-01-28/biden-s-early-climate-blitz-goes-faster-further-than-expected

Back in september this was a monster find of 19.3Mt at 0.9% copper, 0.8% zinc, 0.6g/t gold and 10.3g/t silver. This was already massive and latest drilling shorty afterwards simply doubles this resource later in year. this could easily be £4bn+ in the PFS later this year and plenty more. Once you add in fast track law changes in Saudi and and ability to borrow 70% direct from government at silly low interest rate and a slew of new concessions inbound the Saudi operation warrants its own vehicle as today its easily worth 2p for starters as this will grow far far larger and the economics and financing are a whole different ball game. Today its free for Kefi holders.

Yes managing expectations is not Harrys best quality. i did read the change in wording later on but nothing is guaranteed and i then posted a second response that perhaps the opening confirmation on March was perhaps around the investors, who arguably should be pretty much tied down and ready to put the cash into the escrow pending the bank signing for release. If it was all certain Kefi would be 5p today but as with all things Harry he has a little history so there is a discount. However gotta start believing that there are now a lot more actors involved such as EG, investment banker fees, and simply the sheer financial profits available to investors on probably very good terms. Harry thank-fully is not the person i am relying on to get this across the line. What he is trying to pull off is pretty spectacular and that is not as easy simply diluting pis and raising the investment finance itself and owning 100%. Lets expect March to happen and look forward to Hawiah as that should be realistically due anytime soon, maybe before the 1st Feb update.

Well february is likely to be a good month with possible financial close on Billingham, operational update potentially giving us a glimpse of the ballooning order pipeline, possible Wood update and probably 1-2 other deals/partnerships that have been in the pipeline. I would say that February is likely to be the turning point month that could put a spring in Eqtecs step.

Price today is almost now the same as the placing price so as soon as refunds come in i suspect many investors will top-up to more meaningful investments as getting in at the same price as directors, who know far more, is never a bad entry.

I do wonder if the complete silence from Richard since the AGM was him being given his marching orders and he will announce his departure and the final results? We will see but he was the only link to UK as the rest of the BOD are invisible. As to low value i think CNEL is too heavily presented as an Industrial manufacturer and not really rebranding and leaning on its tech/ IP to present itself clearly as CleanTech. As a result they languish in a very unloved sector. They should also pull their UK website as it has not been touched in years as they do not update it at all. You might think there was a legal basis for them to do so as Google translate of the chinese website is not the best.