Member Info for Simms45

Btw its not crazy but just something some traders/MMs will do in situations. Armed with L2 etc traders can invest a little and sell stock forcing shareprice down, especially on low volume days. This triggers often stop losses and this then does the work. Traders/MMs then hoover everything up. we have seen this so many time given large drops followed but very quick bounces. Its only short-term but an MM or Trader with a decent buffer on Kefi shares can and have used this to effect.

With possible transformational news less than a week away, given General meetings need 14 days notice and Harry saying it will happen in November i am surprised the share price has not started to firm as we have a crazy low market cap. In 2 years time on conservative numbers we will be generating 2x todays market cap every year in free cashflow for at least 10 years @ $340m. In reality with Saudi we will be a lot higher. I guess there is a chance general meeting could be delayed a bit but the we are told since May we are oversubscribed for the equity portion and we already have the $240m debt signed off. Anyone have thoughts what is going on as we should be 2-3p at least going into the closure. This is probably my best high certainty for a multibag over the next few months and in 2 years i cant see this being 10x todays price. Happy to hear opposing views as clearly the market has a different view. I am just going to wait for the cash to roll in and hope Harry delivers on his promise of dividends that cant be less than 1.5p based on that level of free cashflow. it will probably be less in the first year but that should be the rock bottom level of return to long term investors. gla

This is high risk and i have probably overindulged already and would consider this a speculative punt but you do not revamp the entire board to just hand out their P45s. They are here to try and turn things around and make it happen. Renewed enthusiasm is they have finally properly cut costs that should bring operating costs down to £2.8m a year for 2025. If they do this and revenues stay the same we are heading in the right direction as we were out of control in 2024 on costs. The £1.5m loan will last a year and we must hope that projects like Northfork finally go live and projects like Wilseyville and Hawaii get their fonsi or financial closure. Really something has to drop and most of the ones we are waiting on are considerable in size and value. i am not even considering what DP and Didi are up to Dubai but they must have some confidence they can pull something off as DP has put all his eggs in this basket . They talked about investors so while our new British CEO is bringing some professionalism to the European and US plan we are now looking a lot leaner and meaner than we ever have. I am also enthused we do have a British CEO who has extensive AIM experience so it might put down concerns of any move away from Aim. We also have no debt repayments as i guess once Didi takes it over our debt it will be forever rolled over until he can convert to equity at a price in the future. The key for me is that we are in business for at least 12 months and my instinct it something will drop that will secure our future. gla

If you track the buying going back months Metals rose when the large trades were in play, when they stopped we went sideways at best. If you have access to trades download them all and just focus on the period when those large buys were happening and watch the share price. Do the same when they stopped. We are midway through the transfer of shares from pis to institutions as we move towards a FTSE 250 position. gla

Our background buyer has paused and before this leads to an RNS. Maybe one this or next. Gla

Beat the MMs at their own game and Buy. MMs are playing a game and working down to trigger stop losses to fill an order. Watch this go back up later today. November is a key month for news on final closure of finance now that all debt is signed off. Massive upside once ink is dry :)

Have you not read the latest RNS that Didier Casimiri has become a major investor and is hardly here for charity. He is here to make Eqtec a sucess that its technology deserves. Nice £23k buy today showing up bit Didier is a major strategic investor. Eqtec has been totally transformed jettisoning all the deadweight so the revenue coming in will not be a million miles from our costs that have been halved. Eqtec are firmly finalising getting Northfork online that will be a major catalyst for the rebirth of Eqtec. Certainly not over yet but murmurings from Greg is that we are close and this could open several more projects in the US, not least the Hawaii project that is now waiting only on the Final Environmental Assessment (FEA) and if we egt the formal Finding of No Significant Impact (FONSI) then this massive project is already funded and ready to go. We have Italy and Croatia also optimising. I think for £2m market cap and a 12 month runway from the recnt £1.5m loan agreement there is plenty to be optimistic about. Sure we have all lost a lot of money and rightly angry at the board but with fresh eyes this is risky but crazy upside. If Northfork comes off, Hawaii, Italy and Croatia just these projects alone create a £40m+ company as we will be profitable. We forget around 8 othe projects across France and Spain etc but these will be ready for 2026/2027. if you believe even that Northfork will go live this is a bargain as our 25% stake is worth at least $5m and yearly income around $1.5m. We are not there yet but there is a 10-20x opportunity and the £23k investor today could be standing on £400k if this comes together. gla

Great summary Leehardcastle. Metals is ridiculously cheap as you say, barely a multiple of 2 x FCF and not even 1 x FCF when La India is online. I think momentum we quickly return once Dupax starts to emerge or someone makes an offer to buy Metals as we are a bargain to some of the bigger miners who are valued vastly on a multiple of FCF. Metals has a lot of catching up.The usual £250k per day mopped up by the Hoover has backed off Chances are we are waiting of a RNS before it begins again. Hopefully a Dupax update this week?

20p is fully justified by production at recent gold prices. Margin per ounce = 4,200 – 1,100 = US$3,100/oz . Pre-tax margin total = 160k × 3,100 = US$496 After tax = 496 m × 0.75 = US$372 m. KEFI’s share = 372 m × 0.85 = US$316.2 m. This excludes all of the Saudi operation that will add considerably more. Assume 50% of this profit is handed out as a dividend of around 1.5p a share then you easily have your 20p share price. In reality if gold rises this will go up in leaps and Saudi could add $150m by 2028/2029. its really very basic metrics that lead to this valuation and a lot more. Happy to wait 2 years to collect and the smart money is holding as we will get there a lot faster.

If all pis just held their shares a rising tide would float all boats and help Kefi management navigate next phase. Let instititions pay top dollar for Kefi stock in the next few months after equity sign off. Personally Never sold and added plenty since. Not selling until at least after first year of gold production. By then we should be 20p. gla

Harry alluded to a seller i think he was aware of. Need to factor in probably some other recipients of placings were not planning to stick around, maybe also some pis who have run out of patience and like some take a small profit as opposed to letting your good ones ride. How many take a small profit but sit on too many bottom drawer shares :) Its pretty obvious that if you have a 2 years horizon even the most pessimistic forecasts can see 10-20p a share. This might only come about once dividends are in place but Ethiopia and Saudi are hot and obviously while Harry will get approaches he knows what Kefi is worth and kick them into the rough. Could easily go a lot higher but being conservative. Gla

Kefi will start doing flips once things start to fall into place. To get in under 2p is potentially life changing if you are here for next 2-3 years and ride out until dividends, pencilled in to be around 1.4p or approximately what you can buy for today. By then 15-20p is very likely. gla

Just crazy how all of sudden Metals tracks gold down but when it was rising $400 we saw no rise at all. Frustrating market but hopefully next few days we push on back towards 15p as it makes no sense to be on a PE of 2.

Very well put leehardcastle. Biggest opportunity to join a FTSE 250 major gold producer in waiting by 2027 with potentially 2 mines aiming for 400k ounzes of gold. Dupax news due soon!

Kefi is not even producing so gold price nice but this is about execution of equity. Harry said we have far more commitments than available and has said that since May. My expectation is those investors not able to get into Kefi at project level will buy up all available stock in the market to gain exposure. The share price will keep rising until we are at least equal to underlying valuation of project. Its a shame traders and MMs playing games but ultimately value will win out in the end. Gla

Probably max of 2 weeks left to get RNS for equity makeup before shareholders vote eom. The value is just waiting to be extracted and i fully intend to continue adding right up to production. Basic metrics mean this will be 10-20p is an absolute minimum. Be greedy when others are fearful as i have been loading what i can since the recent pause for breathe. Its literally paying 10p for every £1 in a few years. Gla

Yesterdays video with Harry said everything. He repeated oversubscribed equity and he is working through best deal. This was all tabled and agreed as far back as May when he first said this. However with gold at record highs i think he is now getting better offers and he said in video exactly this. Market will catchup and Harry was careful not to mention bedwetters but i could see him struggling :)

Yes i agree an actual RNS on assay results for Dupax would do wonders. It was historically a gold mine and if Darren says its a goer i can hardly disagree but market has not priced anything in. Good news is that as La India speeds towards us and record results this quarter alongside hopefully an RNs confirming what Darren has said will take us to 20p+. I suspect priorcto christmas we will have left 15p in the rearview mirror.

Interesting that as gold rose from $4000 to $4400 Metals share price did nothing and competitors rose 30-40%. Then on a small gold wobble Metals gets hit and we are down 8%. Traders are very fickle lot. Gold will probably reverse in the next few days.

Market is irrational and we were already discounted 50% to other producers but i guess a bargain for those looking for long-term returns. Maybe Darren needs to start firming up his dividend strategy as that will correct the share price. Notably probably once La India is producing but he is keen as anyone to start getting cash into shareholders hands.