Member Info for Simms45

You can watch recent and historic q&a webinars here

https://www.kefi-minerals.com/news/webcasts

Personally one of the reasons i invested is the transparent nature he addresses a lot of the trickiest of questions. Rarely do CEOs offer this level of insight and open himself to scrutiny.

Well remembered from the webinar!

I dont know what is left but Harry on the webinar was not focused on a placing and its all about getting bank finance in place. I also expect good levels of money to come out of the financial package to cover Kefi consulting as $212 goes a long way or thereabouts. I am sure of a few of those millions will head Kefis way and keep the lights on. however todays Hawiah news gives shareholders greater confidence in the value of that asset that had it not been tied up with TK i am sure that news would have had a large positive impact but once TK over the line shareholders can actually dream big on Kefi as well, as if 170k ounzes of hold a year is not enough :)

If TK gets the sign off this month we will be well north of today and shareholders will be toasting any placement for Hawiah as TK funding covers Kefi working capital on that project. We have £1.5m loan to cover until TK is completed.

Further great news from Michael Gumbley as i think he was also at the Minister of Mines reception for Kefi last friday. All coming together very nicely.

Well if you ever needed more proof of just how big Hawiah this RNS starts to spell it out. Its reasonable to assume its MASSIVE.

As in one day you can go abroad and the next you cant. One day you should not wear a mask and the next you should, one day your encouraged to eat out to help out and then your not. The bonkers flip flopping disaster of the government response is bordering on the grandest of ineptitude. The gravy train for the few however is plentiful and long they hope it will run making millions while society is thrown to the wolves. Anyway i digress but good news is that all US futures are up on monday so given UK largely follows the US money flows we will probably do ok.

Market has bombed last month on uncertainty but now we have a plan markets are generally more positive. while the market is unpredictable this lockdown globally is probably another trillion of confetti so will boost the gold price just as it did before. Kefi is at a 3 month low on a valuation that values TK at 0. We are expecting magnitude RNSs so as long as the banks met in Ethiopia signed off deal and Mining minister who they met last week signed off the deal we are in the home stretch. As i said before had Harry not given himself a tricky deadline even without Covid malarkey he would not have needed the recent update RNS and my hope is he would be just inking the bank funding signed off as that is it really. The investor will put in the top up cash as i am sure its a multibag return for that investor. Sooner we get the bank RNS the more certain we can be of TK hitting the ground running in January. for me Kefi is a great buying opportunity as i think the market the second time will move into those stocks that well the first time round and gold was one of the top performers over the following 4 months. My guess investors will move to gold as a safe haven.

I think brexit will be signed imminently so a reasonable boost to market confidence and can be assurred printing press of cash will be off the scale and probably Jo Biden will romp home. Markets can change very rapidly. As to Kefi webinar few days ago said we have access and drawing down £1.5m of credit and Harry seemed pretty relaxed about matters and was more focused on closing deal. You could tell a placing was not on the cards from questions and we are possibly weeks from closing finance proper. If banks sign off, maybe next week or when announced this is a done deal as the money investment by billion dollar investor is trivial.

Getting a lot closer in my view. If bank meetings went well and Ministry of Mines closely involved i think we can be very confident of next RNS. Gla.

You would think that with trillions printed since March and in times of uncertainty you would expect a flight of dollars into the safety of gold or swiss franc as a reserve. After the election in the US the printing presses are going to be running at full tilt. Condor just needs to double down and keep on track and i like the sounds of the fast track to production because that is very much the sense of what shareholders are looking for as we can breathe a sign of relief once gold production starts. I think if MC can confirm we are on track more investors will move into Condor on the derisk. while i would love to be buying in at these levels i am a little overweight on Condor already ;)

The dividend was not announced in the last interims but i think it was touch and go and was being seriously considered as the share price moved higher leading up to the interims but the news of no dividend and perhaps slightly lacklustre results held that off. However there is a chance a dividend might be announced in the final results as that is more normal for a company to do so at this point. We know staff are now fully loaded with shares and exercised all options and a share option scheme was open until the 17th October so it might well be an opportune time for CNE to announce a dividend as i sense this 6 month period will be a stronger one that the first half due to the larger backlog of contracts and maybe some of their costs of listing will not appear and possibly less impairment but we will see.

Just for the record as i re-read the interims "
During the reporting period, 21 new contracts were signed, with the contract amount (excluding VAT) of RMB115.0 million. As of 30 June 2020, we had a backlog of 49 contracts with an amount (excluding VAT) of RMB528.1 million."

Certainly a good place to be.

Also noticed this point
"The Group has adopted a share option scheme which enables the Board to grant share options to eligible participants giving them an opportunity to have a personal stake in the Company. The option scheme will be expired on 17 October 2020. Many employees are confident to the development of the Company and expressed willingness to exercise the option in due course."

therefore i wonder the takeup of the option scheme.

What is your worry about the share options TM? As i understand these were related to the pre IPO agreement back in 2017 and price was awarded at 1.5p. The price presumably based in 2017 when share price was low and first attempt at moving was started. The take-up was 80% and the company received £582k into the kitty. To me this is good news as frankly if i was an employee and saw the share tank 70% on the IPO within 7 days and i was asked to stump up at 1.5p i might not take up my whole subscription. i think we are lucky to get 80% given the IPO disaster. However not everyone has cash to take the full option package, some 2017 staff might have moved on and relinquished the share award etc. We live and wait for the CNE to attempt basic communication, putting up projects on their website, sharing good news with shareholders and customers and so on. oddly to me the BOD threw their toys out of the pram blaming shareholders not understanding CNE but they have only done exactly the same schoolboy error all over again. if they had used that £1m to promote the company in the UK, lean on clean tech credentials properly they would be further than they are now. FInally the penny might drop that it is not shareholders that do not get the value of CNE but in fact CNE does not get the value of shareholders and communication. Come on CNE make some noise and share news with your customers and shareholders!

And to cap it all off Copper is on a tear at over $7000 a tonne and Hawiah could turn out to be one of the largest copper finds in Saudia Arabia for Kefi. Kefi has everything going for it .
https://www.thetimes.co.uk/article/copper-price-soars-on-back-of-chinas-covid-19-recovery-3fwv92pv7

We have confirmation Harry and senior manage are in Ethiopia and not there for a holiday
We have confirmation from Harry yesterday they were meeting banks that day and finalising the banking deal this month
We have confirmation that the first company the new Ministry of Mines in Ethiopia met was Kefi and they are as keen to get the mine moving forward as Kefi
We have confirmation power is progressing to proposed plant and various road upgrades have been already been made alongside resettlement buildings being built
We have Harry confirm we have only partly drawn down borrowing for working capital so they have good levels of working capital presumably to last sometime to come so while not 100% i would put it 95% they will not be doing a placing before closure of this bank finance
We have confirmation of new 1100 licenses for Kefi around Tulu Kapi with Harry implying it will ensure TK will be operating for the next 10-30 years with studies showing high levels of gold
We have term sheets signed with investment coming once bank has finalised the amount that theoretically could be completed this week and therefore there might be a RNS next week potentially to confirm that and i have a sense Harry will be releasing more news
I will continue buying at these levels because you do not have all these things happening at this sort of intensity if it was not about to close.
The company is valued less than its valuation for Hawiah and JQ today at sub £40m and subject to bank financing confirmation we are going to be in line for net profits around £60m per annum.
There is every sense the hallmarks of a deal is coming very very soon and i would not be surprised if this deal is completed in November
I would advise to not let the shorters on Spreadex and sadly what appears to be a few upset historic investors (albeit they sadly lost a lot of money due to ANS messing Harry and Kefi around) to not look at the facts today and see where this is going. Hopefully a great christmas for Kefi holders and not too late for historic investors to take advantage and average down.

Great to know our CEO is in Nicaragua and getting these key details over the line. Could be a busy time for RNS updates if he can charm the little old lady over a cup of tea and put that final piece of land to bed.

While i did not say this if you listen from 31 minutes Harry lets slip banks are finishing their work “this month”. Therefore once we get the total final amount banks are committed to $221m or $223m etc the project investor then knows how much equity they need to inject and therefore Kefi will see if we end up with 65% or even 70% that came up in call. I would say omens are very positive. It all could happen quickly as soon as banks agree final figure investors could be quite quick to sign binding commitments and inject the cash. Bank release remainder of money mid 2021.

In fairness i picked up the call 15 minutes in when he talked about meeting with the minister of mines that day and that the banks were also meeting with them today. Seems to be a very busy day for Harry who is clearly in Ethiopia and with all those people working towards the completion it looks far more positive and while these webinars are bruising he takes each question and gives an answer. I do love the deadpan way the interviewee asking Harry roughly the same question for the third time. Lets see how this plays out but i would not be shorting now the ANS rabble have been kicked into the long grass and working with LSE listed billion valuation companies. Are you seriously shorting this as you must be losing spectacularly and there are plenty of easier targets.

I certainly feel a project the size of Inner Mongolia that will materially affect profits is a notable news item. However more important from existing and potential shareholders these releases provide opportunity to expand and get a better sense of the management team and future success and dare i say existing investors might invest further and new investors might see an opportunity. i think every important strategic milestone is worthy of a release. It still baffles me that the BOD are not working in shareholders best interests as they are normally legally obliged to do. the blackout since relisting has been a monumental disaster for the BOD and they have no credibility and i cant actually believe they are so stupid as to not understand the important of disseminating information, especially because sales are driven from this sort of confidence and companies interested in their services will also read the RNSs. There is no better sales tool than to share successful contracts and project updates. You can stand in as many conferences or exhibitions as you like but positive news trumps all.