Member Info for Simms45

Pity the poor trader who sold 20,209,314 @1.38p? this has been a big one to churn over today but we are now through it. Might need to churn over some more burnt investors before we move on but blimey some people took massive losses when they had 10 days to exit above 1.7 and instead took less then 1.4. Total car crash

Harry first said on record that the equity portion for Tulu Kapi was oversubscribed in a Vox Markets interview/podcast published 30 April 2025. He has since repeated many times. The equity deal was largely done as far back as April and i think already signed but relies on certain other matters. Its a chicken and egg but my assumption is now bank debt signed the equity is now ready for execution. I think its a lot sooner than we think.

At $4000 gold Kefi own internal estimates is $340m net free cashflow from 2027. Thats a $2.5bn market cap company and a minimum 1.5p dividend. Throw in Saudi assets and your well over $3bn. Will we be taken over long before, its a likelihood as Kefi has first mover in Ethiopia and Saudi and probably best licenses of any miner. Untapped opportunities are 100x what we have already found. Majors know it and its almost a guarantee we will be 10x minimum from todays silly price by first pour. If you have a 1-2,year horizon and want to be surprised i cant find a better bet and happy to hear anything that comes close on its almost guaranteed trajectory. Gla

1.7 on the headlights!

Massive upsurge as expected. This could push on significantly today! Gla

Btw this is 4 months old so probably a little behind reality but in any case the key text was that the $5m was shares issued after signing of equity. If we have oversubscribed preference share interest then surely we close using that instrument and try and get the best deal for Kefi. We are in a very strong position to get the best deal. Best part i read today is that based on $4000 gold price the free net cashflow forecasts is over $340m a year to Kefi :) That is going to be mega and the dividends transformational and easily equal todays share price. It is not really very long before first pour in the grand scheme of things and they estimate the enterprise value at $2bn at $4000 gold. at $5k gold this is $2.8bn and you need to factor in that these are conservative valuations. the real valuation will be far larger with new gold being found, DFS on JQ and Hawiah. This is all in todays RNS so i think these small details were overlooked!

The reason debt was not signed off sooner would have been a lot about banks due diligence that is extensive and far beyond real risk. They will have sight of all investors and we're only able to sign off debt with that knowledge as the bank now allocated the $240m internally and it is now a major cost to the banks. They will be chasing Kefi now on when they can start billing and start charging interest and I expect update on equity in the coming weeks. All systems go and that is the key message!

I think Harry did the right thing today and drop key news as it happens as rather than wait on everyone to sign. I do wonder though how soon the next RNS will be? Certainly tomorrow he will do some calls and give more details. I think this will clear everything up and we also know he was hoping to have all equity subscribed but that could happen very soon. Very happy that banks have injected the $240m and we are oversubscribed on the equity so Harry is right to get the best deal with huge demand. This will only help the patient secure outside returns. Looking forward to opening tomorrow as I think we will push on forwards as this falls looks now based on liquidation of over leveraged investors who got smashed at prices below 1.4 and once cleared we started to rise.

Those 50m was fire sale price of below 1.4. someone was over leveraged and got liquidated. Feel sorry for that person as they lost a fortune. Tomorrow will be a blue day. Everything in place and as long-term holder I know the real value. Gla

Today was incredible news for long-term holders. The shareprice will recover as people understand that banks do not sign off debt without seeing the equity table in a format that is in a signed format. We know the equity component is done but no doubt requires more signing than the banks. We have more equity offered than is available so after tomorrow when Harry spells this out the stock will rise. Smart money is on buying tomorrow before Harry gives more details.

Bid has jumped to 2p. MMs on the ropes :)

Looks like the fomo crowd are piling in or maybe someone knows something!

As much as i dont want to admit if it was not for directors buying up in the background we would probably be a lot lower as just feels like board get it and they know how undervalued we are and willing to pay up to 15p in the open market. Rest of market will catch up soon.

Incredible time to in Kefi. No delay RNS so a matter of hours or maybe a day, but i doubt it. Hold on to your hats as we are taking off and best time to buy in before the re-rate over nex couple of months!

Great to ser Andrew Chubb buy 331,453 shares at 14.9p. Follow the smart money and people in the know!

Oromia regional government just announced late friday it was taking over the government stake in Kefi Tulu Kapi mine and into its own sovereign wealth fund. something clearly happened as that would have not happened if financial closure had happened or was as good as happened. Monday will be a very positive day. gla

Pretty obvious we will get an RNS monday so really this Ollis is not adding anything ww do not know already. The deal is being completed, also obvious, and question how soon. Need to put this into perspective as gow many gold mines essentially take every penny raised from shareholders for last 12 years and use it as our equity investment i a $340m gold mine. Bear in mind banks normally want 35% cash deposit and we are getting away ourselves wirh investing just our historical capital. Its $100m+ so its a big chunk but most miners write this all off and still have to stump up significant cash. Kefi shareholders today have joined a free ride as once you strip out the $120m of sweat equity our valuation is almost 0. Let that sink in as come monday, maybe wednesday all this written off sweat equity will instantly turn into newly minted $120m of capital. Its an incredible deal and why its taken almost 5 years to come to fruition. Some would argue longer but for last 5 years the same structure has proceeded. Gonna be a deal that will go down in mining history i suspect and fast forward 2 years and a good wind for Saudi, Ethiopian listing and 80% institutional shareholders we will be $2bn-$4bn market cap. Gla as the journey is hopefully about to begin for real!

Door is closing on buying under 1.7 and the rush to buy before weekend is upon us. I suspect many will regret this on monday as its either job done or job done in x days. Both will be positive, although one more than another. Exciting times for Kefi holders as we are most leveragee bet on gold once signed as all of a sudden our 2m ounzes start to look real and not very far from being turned into gold bars.

Door is closing on buying under 1.7 and the rush to buy before weekend is upon us. I suspect many will regret this on monday as its either job done or job done in x days. Both will be positive, although one more than another. Exciting times for Kefi holders as we are most leveragee bet on gold once signed as all of a sudden our 2m ounzes start to look real and not very far from being turned into gold bars.

Always monday update. How long have you been invested as its just how Harry rolls over the years as i have been here since 2021 .7 entry up to 2.5 and back down down to .5 and i have seen every Harry RNS since, i am sorry to say. However times are a changin and Harry is now a bit park in this and it will happen when it happens. If Harry said it is procedural and checked by Nomad it was and now we wait. Lawyers work over weekend but i am sure like most they would like to put this to bed by 5pm today. Since i cant see any leak of news this will go over weekend. However monday is gonna be a big blue day as all Harry can say is Done or nearly done. Both lead to same outcome :)