Member Info for Simms45

There is talk around the world, including the UK, to explore negative interest rates. Now that would be interesting for gold but .1% is as close as they dare today. Certainly there is little sight of Gold falling at this time as there is simply too many reasons to hold it. Lockdown 2 is odds on favourite in October while our government flaps around overreacting rather than using their commonsense and just quarantine everyone with an underlying health condition and those over 60 and properly focus money and effort on the those that need it. if you remove the former you are in the mid 100s of deaths for the UK out of the 40k purported. However gold is going to continue to climb at any rate.

Also note who introduced these SMF?

“a number of international Specialist Mining Financiers, introduced by its shareholders KEFI and the Ethiopian Government,”

If Government is introducing them that is not a bad referral. Felt to me last few RNS that deal was close and Harry does not need to sound that way if it might not happen. he would be more guarded on his wording as he has nothing to gain, except winding a few people up.

Sometime re-reading an RNS and pulling out salient points makes more sense on its own. Add an $200 an ounze to gold price in the intervening time period and those deals that have been in the making as plan B for 9 months makes more sense. These discussions have been ongoing for a while now, appreciate the specialist mining outfits might be new, but the market is hot and we have a gold plated BFS for Tulu Kapi, government investment, largest ethiopia export, so the government connection counts for a lot as investors in this project will know worst case scenario is government will take over, as has been discussed. Obviously it would be preferable to only have minority stake for government but i think plan D is government taking up the slack. In all gold miners coming up to finance Kefi has way more positives than most. How many gold miners have a BFS and government backing? Not many i suggest. We are hopefully a week from Hawiah golden resource update and TK probably will get an update end of August or Early September as his wording in last two RNS are confident. get a good wind and we will be 5-10p later this year. not do late for lths to average down!

From 1st July Update :

“TKGM is already in discussions with a range of Ethiopian investors and a number of international Specialist Mining Financiers, introduced by its shareholders KEFI and the Ethiopian Government, to ensure the required Project equity is secured well in advance of the closure of the full financing package in October 2020.

· Following the passing of the 30 June 2020 deadline, KEFI is now in a position to look to draw these discussions to a conclusion.”

· As a new development, based on discussions and proposals received to date from Specialist Mining Financiers and Ethiopian investors, TKGM is now also seeking to potentially reduce the number of shares it issues to any third party by increasing the amount of funds raised by TKGM from the Specialist Mining Financiers in other acceptable forms, and by doing so increasing existing shareholders' ultimate beneficial interest in TKGM. If successful, this would have the effect of increasing KEFI's beneficial interest in TKGM above the planned base case level of 45%.

Level 2 shows 2p imminent

1.895 113,265 08:09
1.9 250,000 08:08
2 300,000 SCAP 07:51
2 1,000 07:51
2 1,000 07:51
2.05 300,000 PEEL 07:50
2.08 55,000 05:00

Slightly confused if you ask me. If it has anything to so with eqtec surely an RNS would be released. if its a potential competitor then you sort of wonder why they would tweet about it unless the PR person thought of it as industry news. Looking forward to updates as surely this is the week!

I think its fair to say the average for a gold mine exploration company to get to production is about 10 years. I dont know many gold explorer investors who bought in at the start and have not seen massive dilution amd drama. The biggest rise of any stage in cycle is just before the finance close and the 6 months before first pour. dilution for gold explorers is extreme so just like Condor, Kefi has the 10 years of problems and big dilutions but that staying power stands for a lot as many gold explorers just fold long ago. 10 years in a frontier country will always involve political instability and is par for the course. While plenty of people have been burnt in history if they continued to buy at its lows and averaged down they would be probably heading into profit. People buying today in my view is buying at the perfect time before a series of RNS updates. i would be dissapointed for lths who have sold and not get back in and make back their losses. I can say i have got into gold explorers too early but i am always doubling down as the share tanks and while that is pretty scary if you believe in the project and you sense the management are goimg to keep going then often you will be proved correct. not averaging down in these cases is the issue and to force yourself to double down when things are tough. Also exactly at this time i am going overweight on Kefi as we know Hawiah is big and confirmation should be a very positive outcome as we spread risk and no longer a one trick pony.

Seriously i thought i had reviewed most gold explorers and producers on AIM before i invested and only came across Kefi in a footnote of a SP Angels report and almost made me fall off my seat and while i new there was and still risk it had by far the lowest resource ounces in the market by a factor of 3 at the time. Had Harry added gold and copper to the name i would have found it sooner. I would not underestimate the arm chair investor who does little more than cast an eye over the Times share listings under resources, do a little research and take a punt. Given punters are now pouring into gold stocks Kefi should take advantage. Its a simple but i expect will be one of lowest cost ideas to grow our shareholder base. i only have good words to say for Harry from my entry point but do know the historical issues but again price is still this low because of that also. The market will be very happy when it is all in the hands of a process to grind up the ore and pour the gold and rely less on the Harry comms.

I bought a few £k last week to test the HK market with my new trading account setup with IB and i think sub 5p is a good entry as management must be keen go get this share back to the equivalent of 10p asap and sterling strength. Certainly those possible contracts in the IPO, page 293, is very impressive. If they just get their finger out and release timely news once these are signed we can all breathe a sigh of relief but any normal company, if they had this sort of possible order book, they would be releasing RNS left right and centre. Many companies annouce MOUs and we have about 10 of those and likelihood they come off as existing customers is very high. There is almost 10+ RNSs just from that lot. Crazy BOD dont just pay a few quid and get these into the public domain as opposed to expecting new possible investors to wade through 500 pages of an IPO document as none are even on the website, which is basically 10 pages. We can hope they will bother to inform the market when any sign? One oddity is the business model where effectively they do get stage payments but do appear to invest more at the start of any contract and then get this back later on. This kind of explains why we are throwing up big profits but dont have the cash to show for it. However we should see cash grow as existing projects complete. Its also very good we are actually strongest in ethanol for alcohol and ethanol for fuel looks to be a nice spread of options. please CNE pull your finger out and get some RNS out the door and build your name and market position to the investor market.

If i understand correctly the warrants would only be tradeble in Canada, which if correct would be a good thing as there is almost no liquidity and a very large spread that is offputting to Canadian investors. If the warrants are only tradeable in Canada it could help grow visibility.

Eve will ebb and flow but news like Dr Joseph soaking up nearly 5% holding is the sort of RNS i think we might see a bit more of and i am sure Dr J is not over. Certainly Eve will do us proud by the end of the year and i can see a good profit coming that i think will outperform the market, especially given the market is still valuing Eve at -£2m once cash is taken out and we are adding to that at a good rate. You are getting 80p on the £1 for your investment today so what is not to like and given Eve are perfectly positioned for the grim future of online retailing and ready for Covid2 then things are sadly going to pay in Eves hands. If you are looking for high octane action have a look at CNR or KEFI as they have imminent news breaking so both of interest imho or put on your watchlist if not your sector for fun.

copter ultimately dont listen to anyone on these bulletin boards and dyor before investing your cash but Level 2 is helpful especially when share price is or could be about to move quickly and knowing how many MMs are in at different prices on BID and ASK gives you an indication where this is going or how soon you need to decide both ways. We are now down to 2 MMs at 57p and next movement looks to be 59p. SCAP was 57 and moved to 59 so that looks the logical next point on monday with steady interest but any news might change that. We are hugely undervalued regardless but personally it is nice to move steadily as Condor has been doing the last few months as it feels more permanent with lots of investors buying in at different price points making new support. Not complaining about those 25%+ days as they will be nice when they come.

57 5,000 PEEL 14:38
57 5,000 WINS 12:18
59 5,000 SCAP 16:09
59 5,000 SING 14:53
61 5,000 JBER 16:08
63 5,000 CFEP 07:55

down to 3 MMs at 57p. Good chance now 59p is in target today with some buying on the back of Alastair update.

57 5,000 PEEL 14:38
57 5,000 SCAP 14:36
57 5,000 WINS 12:18
59 5,000 JBER 14:30
59 5,000 SING 14:53
63 5,000 CFEP 07:55

56 came and went rather quickly :) Once the stock is mopped up at 57 we might see a noticeable jump, depending on selling activity but things are looking strong. next 2-3 months should be very exciting, not to mention the combined detective work on some possible news next week but regardless Zak Mir will bring Condor to the attention of a lot more investors and that should have a positive impact. I did feel Condor was over using pro-active a little and Zak Mir could be a real help.

57 5,000 PEEL 14:38
57 5,000 SCAP 14:36
57 5,000 SING 14:53
57 5,000 WINS 12:18
59 5,000 JBER 14:30
63 5,000 CFEP 07:55

Level 2 showing only small quantity left at 56p before moving to 57 and onwards with jump to 59 and 63 in the mix. Small volumes are moving the share north so looks to be very promising as not seen that for a long time. Bodes well for rest of day and next week :)
56 5,000 SING 07:52
57 5,000 PEEL 14:38
57 5,000 SCAP 14:36
57 5,000 WINS 12:18
59 5,000 JBER 14:30
63 5,000 CFEP 07:55

Btw most of those trades shown as sells this morning are actually buys, i should know some of them :) fixed price quotes around 1.94/1.98 are possible regardless of the what the bid/offer spread tells you.

it is still possible to get in below 2p as i have been doing. not so long ago we had a sad situation of Tulu Kapi that looked a tricky situation and Hawiah only a footnote and a financial distraction. Shareprice was 1p and risky. Roll forward several months we are about to more than double our resource in a perfect storm in Saudi with pro mining and finance an almost certainty given other party is a king and we have a very strong likelihood that Tulu Kapi is going to signoff. While some might be frustrated not buying at 1p the reality is updates have reset the clock and 2p is now probably less than in many metrics than is was several months ago. people who buy when others are fearful in Kefi at 2p should be rewarded when Hawiah maiden resource is confirmed and considerably again if and when TK finance agreed. Sure nothing is a certainty in Ethiopia but the balance of probabilities given all incremental improvements, such as gold price, is a great lubricant in the world right now to get these projects over the line. we almost know Hawiah will have a big impact on Kefi as its going to put them on the map in a different juristiction and open to a wider audience of investors. Any sniff of deal in TK will see Kefi multiply because the deal is massive. It is easy to split hairs but what a difference a few months makes and how the price quickly resets so everyone is welcome to get on board and maybe those who bought in at 10p might well be in profit in the not so distant future. My strongest advice is to average down if you sitting at 10p a share and try and get down to 5p as that will be in our targets.

Could be a busy day tomorrow if all the detectives compare their notes and loading up our own trucks with a little extra Condor ore and maybe see the latter half of the 50s before stepping into the 60s, although a bit before my time.

Correct me if i am wrong but didn’t the second hand mine offer have ability to ramp up to 4000 tpd quickly? my understanding we could get a $40m second hand mine built quickly as its already in the country that would get us up running, then with a combination of this and toll mining entirely fund the equity on the mine expansion when we can? to me this sounded minimum dilution but i might be wrong ln understanding. I felt the china option would cost 3x more, take longer to build and clearly mines take time to get up to speed so reaching 4000tpd is operationally a hard ask. Condor is ridiculously undervalued so really to minimise dilution we need to be north of £1 at least. Final option is doing a deal with Calibre and combine the whole lot into nugget printing machine as La Libertad has a mill idling and realistically quite a way from permitting new resource.

Where are the news updates? I understood it should be by tomorrow but given all early discussion on order book a few months back you might have expected more confirmation. Does anyone know when next trading update might be as being? Simec Atlantis if anyone follows has just gone down same 34% discount primarybid, almost identical. Thankfully was sitting at sidelines as being hit twice is not enjoyable as that will slide now for months at placing price.