Member Info for Simms45

Interesting that when i look at the route from Dupax to RunRuno there are not so many villages trucks would go through and a few routes to spread the load so looks very plausible and would find hard to see persuasive arguments from most perspectives.

Bert Mr 250k share buyer is back, came back yesterday. I get derided by everyone but if you follow Mr 250k there is only one direction these shares go. Then he will go quiet and pis will exit taking the share price down. Rinse and repeat but in reverse but PIs in 2 years will lament wonder why they sold for a derisory 15p when the share is 60p. lets see how the weeks continues but as pis are noticing they can sell 1m+ shares for 15p+ so someone wants your stock.

Altyn Gold vs Metals is quite interesting comparison as both have roughly the same market cap today but Metals is producing a lot more gold and has over 4x FCF. The main difference is really risk appetite as Altyn are pretty stable while Metals is still in the transition with some execution risk but seems a big risk factor is being applied unfairly. Does feel that Metals should at least double leading up to La India and with Dupax added you have to start think 5-10x in a period of time because the FCF will be astonishing across both projects. Keeping all my stock for sometime to come!

Fres at £27bn and still climbing and generating aroud 600k ounzes of gold a year. 5x in just the last 12 months. Poor old Metals and Kefi are laggards in comparison but go forwards a few years and production at both companies are looking quite attractive as Metals could be 200k and so could Kefi. i would settle for 1/10th of Fres market cap in 2 years for both. Our time will come but we just need to move into the main market so that pension funds etc are all happy to invest as today they stay clear due to risk factors.

This was clear. Artar are driving Saudi forward at speed and they will want and have cash to immediately build, although Saudi are offering 75% loans so it will be very fast. As soon as Saudi plans to build 1-2 mines is actually moving Kefi will become a multi asset mid tier producer by 2027. Obviously that is a big deal. Amazed we have not pushed ovef 1.4 today as gold miners have been tearing ahead last few months and Kefi has seriously lagged the market. Plenty of momentum now as Kefi is getting more known and an increasing number of investors not wanting to miss out on the gold boom will pile in over coming year, especially when final sanction of bank comes through. Gla

Nice to see big volumes after close all above 1.3 and one at 1.35 to snag £75k. Bodes well for another strong day as Kefi is now under its own momentum and the speed will pickup over next few weeks. Gla

Those 250k and 500k buys are back and not seen for a few weeks. Looking forward to a good week

Only baby steps sadly but lets see if we can push a lot higher tomorrow as Kefi is about to pop a lot higher now the pesky placing shares have been sold so should push quite quickly back to 1.5-1.7.

We pretty much know that between now and successful operation we will climb anywhere between $1.5bn-$3bn based on gold price at that time and that we are on target for $300m+ FCF to Kefi to support the valuation and dividend strategy. Just needs patience but we will get there and probably by then GMCO will be worth a considerable additional amount of money. Whos knows by this time we could JQ close to working and a major tier miner making silly offers. My bets are that just after production goes live in Ethiopia a major snaps us up. We know we have had plenty of interest in Saudi and cant imagine Ethiopia has gone unnoticed. gla

Do appreciate thatHarry does answer so many questions, albeit not saying i enjoy the delays but this set of Q&As really covers off so many key questions and answers them as clearly as he can. He cant know exactly when banks will sanction the gold streams etc but we can all be well aware that the train has departed and Kefi has started to drawdown the cash. 2.5p target over coming months is very likely. I simply cant find any near term mine anywhere close as atttactive as TK valued at such an absurdly low price and not forgetting that Harry thinks our 13% stake in GMCO is likely to be as valuable as our Ethiopian project in the not too distant future. With Artar potentially aligned to list GMCO that could unlock a massive nest egg for Kefi investors. I think behind closed doors the offers were good but Artar would have wooed Kefi by probably saying they plan to list GMCO once the extension to Hawiah and JQ are completed and therefore really push up the resource we have to play with. This is due to be released imminently as i thought we were going to get an updated in Q4 but i think Harry is holding back until we get all wet signatures back and everything totally tick boxed.

Mako mine in nic has an AISC of over $1600 and their Mt Hamilton development in Nevada and Guyana are someway from actually being built. They do not even have all the permits yet. Therefore the gold production of Mako is not likely to ramp up for sometime and nothing close to as quickly as Metals who are valued considerably less. Not saying mako is overvalued but looking at Metals, given we have all cash to get La India running in around 8 months, just feels that Metals is very undervalued. Throw in a decent chance of one of our gold options in Philipines extending RunRuno we have a massive upside potential. La India alone is not priced correctly as part of Metals and Philipines is now almost priced at 0. Personally i think RunRuno will get extended to save the livelihoods of 1000s of families connected to that mine as their interests are real while a few locals near Dupax are mostly angling for funds and jobs. Just feels incredible value to be had with Metals.

Gold is on fire today snd $4600 looks very likely. Metals its your time to shine!

When i look at Mako mining who produce 20k ounzes in Nic and forecast to do 100k in 2027 across a few mines they are valued over £500m today. Mako is one of closest operating mines in Nic and gone up 5x in last 12 months and commentators consider it cheap. Metals is worth 40% less but targeting at least 140k ounzes in La India alone and our AISC is way less. Nic is a dream for miners and should have no discount as for 25 years its been safest juristiction for gold miners by far in South America. Hopefully tomorrow Metals can start long overdue re-rate as just La India alone will be worth double todays market cap. Fingers crossed for a strong start 👍

its clear the ease of extracting maduro has made other south american countries more uneasy and therefore now of the backfoot trying to appease the trump administration. ortega with a decent amount of trump boot will work for him. nicaragua has a 0 tolerance to drugs. there is 0 in the country because ortega has made it a really big issue unlike several others. ortega is therefore likely to become far more closely aligned with what trump wants. no drugs, opening up of market to us companies and a fairer government. i think ortega is playing his part well. maduro was just too ****y and called trumps bluff. nicaragua has only gold and in reality ortega is probably best and most positive gold juristiction in teh whole south america. putting it all together nic are in a very good place to get re-rated as to date nic has had a huge discount because of ortega but this move is likely to greatly improve political and ultimately economic benefits for nic as trump will no doubt be expecting more to be done. trumps master stroke on venezuala has really changed the game in all these regimes that thought they were untouchable.

Maybe overhang is finally cleared. I notice 1.3 paid so could be a decent jump monday if that the case. Apart from a few sniveling placing shares that has slammed the price i doubt there are many investors interested in less than 10p

The deal is largely done isn't it? my understanding we are waiting on the bank to sanction they are happy with the gold streams as technically it impacts future income and the loan cover. We expect that to be done certainly this month. At same time documentation is presumably readied subject to this. is there anything i am missing as everything seemed very much moving along?

I think the 45m was closing of placing share hangover, certainly hope so as we have had several very large sells and makes you wonder who got the placing shares as you would hope stronger hands than what appears to be the case. Every day is a say closer to first pour so while i lament the crazy low share price i am here until production to realise value and will top up when i can. Certainly 1.2 is very much supported so i think we are at the lowest point and surely news is due on banks formally agreeing equity contribution sources.

Thanks for information Truered. Sounds you are a little closer to Dupax than anyone else. Great to hear drlling was in place at mid October and 3 months into the drill and like your comment “ DB has been very enthusiastic about the Dupax prospect, so I hope to have good news soon.” More useful, assuming its true than people relying on social media, lol :)

Well i have done ok buying and selling alongside the background buyer so go figure? Being optimistic is not fiction given a lot of Condor investors bailed at 5-6p after Condor deal closed and missed rise to 15p once the deadwood was cleared out. A lot less posters these days than Condor days. Ultimately all working out very nicely. There has never been a mine anywhere in the world built without some opposition and its healthy. Once interested parties get what they want things will move on. Dupax area has been a gold mining area historically. The Keon pit Metals is working on has been an open pit for a long time so this is all about artisinal miners not happy someone is closing down their cyanide operations. Ultimately the government has obligation to save 1000s of jobs and are fully supportive as will all artisinal miners once they get the deal they want. Back in the day Condor investors fretted about a few artisinal miners in La India and was over in 5 minutes once Metals paid them off and was barely a mention. Same here and a bargain to be had today!

I sense that the big buyer in the background is now an insider so i suspect news is imminent. One thing for sure is we have record revenues, we are considerably ahead of schedule for La India launch and when push comes to shove Dupax will save 1000s of jobs as Metals are only taking ore to process and will have limited impact on anything because there is no processing going on at this location. Also i suspect money will solve a lot of issues and Metals will be identifying what communities want to support it. The reality is if they do not support it i am sure a bigger mining operation that will build a mine might well crop up somewhere so this is probably the best outcome for the community. Looking forward to next update as likely to be stellar!