Member Info for Simms45

Wow. Seller is relentless. Almost 2m sold by presumably same person. They cant have much left and then i suspect we re-rate quite quickly. I suspect Drachs is waiting this out but could be Jim Mellon exiting his last sub 3% holding and cant be much left as we have seen easy 1m a day in 250k blocks every day for getting on for a month. They stand out in the share trades. When its sold price will get back to its positive trajectory.

The drop from £200m to £750k was probably biggesr fall i have ever seen in just over 3 years. £60m invested and dozens of projects in different stages. Certainly one of the most interesting 100x possibilities if things start to fall into place but we have a long long long way to go. I would like to see 1p again and that was not long ago. It was .5 only a few weeks ago so .145 still seems almost nothing. You can buy 1% of company for £7500? Seems quite a few people are building real stakes in company. Projects like Greece are about to go live, Northfork in US was supposedly going live December. Italy might reboot to fix some issues. Hawaii all ready supposedly for January and France projects all slowly cooking.

Starting to feel like a head of steam is building. From the day we formally convert our $110m sweat equity into, as high as 85%, of TK the sooner we start our 10x journey over the next few years. Many will bail early at pitiful returns while some will stay the distance and join the minimum 10x club and my calculations are a yearly dividend from 2028 equal to or greater than todays shareprice or certainly averaged over 5 years following a full years production. This is all fairly conservative as its likely to be much higher and i be looking forward to reaching that milestone, although i suspect long before we will be acquired by a major.

Yes the 250k seller has been a real headwind but all shares are moving into diamond hands and the buyer from 11p up to 13p will expect a decent return. I would hazard guess its remants of Jim Mellon who propped up Condor for 12 years and barely broke even on selling to Metals. He then largely exited as soon as Metals took over. He must have lost a fortune not waiting a year as he must have sold most of his holding sub 8p. Not a very shrewd investor to be honest but whoever is selling cant go on forever as its been a lot over last month. shame Drachs could not just agree a deal and take whole lot.

My predictions have served me well. While a lot of people were bailing at 6p after Condor acquisition i faced a barrage of responses to my more bullish view and i built a nice position that served me very well as the price has almost tripled. When i now look at comparables we are undervalued, albeit still a few risks around. Once we get a bit more of a view on Dupax and mine life extension then our market cap can easily rise to 2-3x during 2026/2027. with maximum throughout now much higher at La India and very high grade ore planned in the first year i have a feeling we are going to be ahead of hold production targets that the market we enjoy. At 13p today we are a very good value. gla

Amazing update. Everything you wanted to hear about La India and more. In classic Darren style he over deliveries. Not many, if any CEOs, i can say that about. Hopefully push us way past 15p. Biggest Xmas present would be a tasty update on Dupax but this is a really great update. So much to look forward to!

While it was always known its great we confirm no placing and whats looks like Kefi could end up cash positive from the deal. If we end up with £5m-£20m in the bank that would be a stellar outcome. Hopefully buy back our 30% in Saudi but incredible time, if your not already knee deep in Kefi already!

Perfect update confirming January is all systems go and this month we get the first cash in the bank from equity.

Looking amazingly undervalued by about 90%. Gla as the rise to a £1-£2bn company over next 2 years will be on!

The gap between todays market cap and company guidance on NPV is umprecedented. I cant remember a company so far from its own stated NPV. I can only conclude the baggage of 10 years weighs heavily. I believe a lot of that baggage has gone over last 3 months has share price has perked up but I think we all know that until cash in bank we cant relax for sure. I am hopeful some update next week or we might get the full sign off. Its close but until it is you have your sceptics. Ultimately value will prevail and when $300m FCF hits Kefi in 3 years things will be a lot different. Even $50m FCF would transform Kefi. Gla

Metals are moving forward but we are in a grey zone. From an institutional perspective, that is more risk averse, and from pessimistic view Runruno is closing down and La India is not yet built. When institutions see Dupax ready to roll and La India 75% complete and remaining issues under our control (power sorted) then the rerate begins. For me Dupax is key in short-term for next decent boost followed by La India power and transformers in place. However from pi perspective the photo of gold clearly in Dupax photo was not by accident. It was a wink in my view. La India also given stability of mining in country (calibre not had issues in 5 years) and you know things will be fine. It is institutions that move share prices at this market cap and they and watching and waiting but all could change as i sense a nice Christmas update on Dupax!

Sounds to me people forget his last interview in Addis A and the fact he is in London. If i was a betting man monday he might release an RNS confirming more details as he did say 1 week + 1 week so seems likely. Count down continues!

RNS can take a few days to organise, given the nature of this particular one, and just takes 1 straggler to not sign docs quickly. Harry was very relaxed in his last interview with the Addis presenter and key for us he was in London. This is a once in a lifetime opportunity to be part of a gold miner that has 3 mines in development, totally 3.1m ounces of gold. Given todays ridiculously low market cap that is $45 an ounze of gold in the ground? Where in the world can you get access to indicated gold at this low price when it is currently $4200? There is a massive gap and with 2 mines operating in 2-3 years and 3+ mines operating in 4+ years there is no bigger multibagger than Kefi. This will make GGP look like an also ran. I am sure there were people back in the day not seeing the future of GGP and now they are worth $3bn.

I agree. Positive Dupax news will send us way above 20p as it confirms a 2 mine proposition. Dupax has huge gold potential due to historic gold production so more a case of proving it up. Later today i am sure the pendulum will swing.

My suspicion on price action after news is largely that since this is such a seismic change as we are literally converting $110m of sweat equity, currently valued at 0 on the books, into real hard assets with almost no dilution to shareholders. We are gifted 85% of $340m finance and a mine that will bring in around $300 FCF to Kefi every year at $3500 gold price. The wratchet up will be big once that settles in. Frankly i will never try to trade in or out of Kefi as over next 2-3 years the trend will be up from around 1.5p today to possibly 20p in 3 years, especially so if dividend is announced. In that cycle anyone trying to guess the down cycles will almost certainly miss the jolts upwards that will be fast as RNS news randomly drops. Just imagine selling your holding and then a RNS drops and shareprice explodes 25% on the opening bell. That is mental hard stuff to absorb and the chances of Kefi falling 25% in the same way is highly unlikely. Statistically when news will be generally mostly positive its better to keep your holding. I have always made far more money leaving a share alone and in the case of Kefi i will be keep all my shares right through to at least 2028 and dividends are in operation. i am confident 1.5p a year in dividends is not unlikely after 1st full year of full production just from TK. Still have no idea how the Saudi operation will pan out but clearly it is massive and i do wonder if Kefi will somehow get a bigger stake back as i am sure Artar probably want Kefi a bit more invested as today we are largely arms length with only 15%. I suspect we will get an RNS once the $100m is all signed. That is no simple feet i suspect but could be anyday and then the rest will be history as they say.

Definitely phasers are set to stun! We are at the start of journey from minnow explorer to major producer. From todays ridiculous market cap of £135m (about same as historic investment) to probably £2bn in 2-3 years. Will need a fair bit of churn and i suspect Institutions will hoover up over next 6 months but be interesting to see what pis are going for 10x and who is taking a cold shower. Gla

Steady on Bonky old chap. I largely am only regurgitating what Harry and the board have been putting out into the open with some additional commentary and today only said FCF of $300m at $3500 gold but there are many people here who think it will go higher than the current $4240 and its not hard to see why. A valuation of $2bn is certainly not unlikely based on the projected numbers and Saudi tailwind making us a mine operator in a few juristictions. I really do not see it being very hard to imagine $2bn being very likely. Plenty of gold miners around $2bn today and not generating that much more than Tulu Kapi but often higher AISC. hard to find exact comparables but if things play out and we get first gold pour on time and good progress on getting JQ and Hawiah moving forwards i am probably being pessimistic on valuation so might even fit the mould of de-ramper myself. btw i love a good deramper to point out some possible execution risk etc so nothing wrong with that and likewise.

So much lot has been going on with Saudi projects as well as potential offers but Kefi has completely gone quiet on Saudi until TK is fully closed. WE should get a massive boost after TK closes when Saudi news will seriously ramp up momentum so we start to look like we could 2 mines operating in 2 years and a further mine Hawiah in 3 years. That is going to excite even the most pessimistic of posters i suspect.

I suspect some bigger background buys will be posted after hours but i also wonder what else was mentioned to investors. Maybe a few nudge winks going on but La India is massive and i am only expecting more good news on La India gold discovers.

Bonkers you have been saying the same deramping comments since .5 and while everyone saw the financing was inevitable you could not see it and now at 1.5 and we will continue to rise over next 2-3 years as Kefi continues to derisk up to point we are generating at least $300m FCF for Kefi, as confirmed by Kefi in interims and lets not forget this is at $3500 an ounze so its much more in reality. Just do basic maths and work backwards. As to dividends i am only reporting what Harry said and he wants to issue a dividend asap. There is no problem Kefi announcing a dividend once mine is operational and cashflow flowing as we are debt free so plenty of headroom at Kefi level. Debt is in subsid. That is an incredible place to be. Most miners will refinance debt into long-term deal and not pay back capex quickly to maximise cashflow for further investing and dividends. Absolutely 1.5p a year will be easily achievable from 2028 onwards, probably far more. Again work of 7.5% yield and check the valuation. Simples

I think momentum has finally moved on to La India and the massive cashflow that will be generated so we should smash 15p and head on to 20p waiting news on Dupax.