Member Info for Simms45

Just feels like restless investors. Edison, who are Kefi broker have stated 1.5p dividend in 2029. This is not without being sanctioned by Harry rising to over 5p in 2030s. Think what you want but as these levels and assuming the $340m confirmed cash will build a mine (certainly hope so) then Kefi plc, as debt free company as TKGM will hold the debt means dividends asap. I think market will quickly rebound back to 2p as a forward dividend yield of over 100% is on the cards today and i am not aware of any issues. Everything as far as i understand is moving swiftly ahead as per schedule on build, gla

Volumes are up and this will drive out the last of the overhang. It cant be long now before we start to build up some steam as Edison reported minimum 1,5p dividends from 2029 yearly rising to over 5p in 2030s. Maybe a long-term horizon but it matters to those looking to maybe retire on a decent yearly income just as Harry is planning. I think Abiy election is foregone conclusion but what would help is China now pushing Iran to resolve issue as that is mainly what Trump was probably trying to do yesterday in China and US know China pull the strings behind Iran as they accounted for 90% of oil exports. Trump just let China tankers through so they must have made some agreement so if and when Iran make a deal gold will easily punch back over $5k and probably start to go a lot higher. gla

We have £39m or 300m of treasury shares we can utilise with no dilution , £20m potential loan against our Runruno equipment, $30m gold loan, $55m cash in bank and probably $75m of fcf for remainder of year. Metals has more than enough non dilutive options to secure any type of deal. Throw in La India kit and we are not even worth the sum of our parts. By next year this time with 6 months of La India add another $200m FCF into pot if we do 50k onzes at $4k an ouze profit and today we stand as At pathetic low levels. Management should actually be embarassed how cheap Metals are.

Is anyone thinking DB is about to announce something? Seems incredibly quiet given Metals have stated they are working on a deal and hope to announce H1. You might think an update would happen if nothing was happening behind the scenes and almost action contracts to decommission. I just have a hunch something will happen in H1, possibly this month as DB said all this in January. Lets see but we are crazily undervalued and 36p seems pessimistic but 3x todays price is better than nothing. Dividends will support much higher from 2027 onwards as by mid 2027 we will £200m cash and nothing to do with it except give back to shareholders somehow.

Volumes building. Looking very positive to wash out the overhang and push onwards. Not long now to start the break to 2p

The Sage of Seingred :) Always able to pick the winners in the rearview mirror. Wish i had his ability as i would not be prattling on the

Noce find. Its one hell of a gold deposit and we have adjscent licenses so likely multiples of current gold in the ground. Impressive!

Spot on Mibb. The numbers do not lie and just a matter of execution risk that i am comfortable with given we have probably the worlds most respected mine builder moving to TK in the next few months. gla

The £35m just raised included contingency. i am pretty sure Kefi can use some of this, should they wish to. Saudi to to build JQ once we get 75% loan our 13% on the remainder is tiny. Maybe £2m? this is small change and probably Kefi can advance some of the contingency to this as the contingency is only needed in 2028 if things require it so it will be sitting around for years in the meantime not doing much. I think Kefi will hold onto Saudi as even though they are getting a valuation that might suggest selling to the highest bidder JQ is about to go into development and overall Kefi with 2 projects and a 3rd not far behind is far more compelling. It lowers risk and boost shareholder returns. we also have gold royalty type options but in reality there will be no further substantial placing as we have more than enough for Ethiopia and Saudi is now a tiny percentage so small beer. What we need is clearing overhang and cracking on with development and all will become clear and we will hit 10p sometime around 2027/2028.

The good news is we are piling the gold ore high and ready for first pour. We will go into commissioning around October or as soon as substation built which could be sooner and then it is just a matter of time. They will start with the high grade ore so the good news that even if they run at 50% for a while the high grade will be the same as if they run with the lower grade. We will see but no reason to not think they beat targets as the high grade will be used.

This is almost once in a lifetime opportunity as the numbers are crazy and building a Lycopdium are top gold mine builders who build these mines for breakfast and i forget but we have a fixed price deal so that normally means builder will get this live months ahead of schedule and pocket the outsize profit. We could be live end of 2027 and that is my expectation. We are on track and in the Edison report it says Lycopodium move in later this year once all the ground works finished and this started on time. So far it looks we are slightly ahead of schedule based on the timeline but i guess some updates will come shortly. Given the ridiculous upside while i love Saudi and it will do wonders for share price to be multi country if we can exit that for $100m cash i would take it. TK is the prize today that will make millionaires of most investors here over next 10 years and many over the next few years as by first pour 10p+ is easily achievable. I think it will be much higher but keeping keeping a pessimistic outlook.

Sorry DB, Daren Bowden CEO of Metals. too busy rushing!

Go back and listen to earlier video recordings when DP explained, just after Dupax was halted, he was hoping to close a deal in H1. He said it with a certain swagger that made me think the deal was already underway when he said this. It has also been very very quiet since and under NDA they would not say anything else. surely if no deal was in play they would be updating investors monthly on their plans as they surely do not plan to just get on planes and move to Nic and mothball the equipment. For a start i understand DP has a family in Phillipines with Phillipine wife and without a Southeast Asia operation he would be expected to move to Nic. I just feel the total silence on a resolution to Runruno is very telling that something is about to drop.

Only going on what DP said earlier this year that he hopes to finalise a deal in H1. Only 2 months to go. He has known Dupax issues from last year so he has had 6-8 months to source and close another deal. I think Condor was done in far shorter time frames. With a mountain of cash and debt free surely some mines are looking for not just mine kit and cash but also management expertise that Metals has in large doses. Metals are smashing it out of the park in Nic so you would think we are not short of offers on ready to mine gold. We could even do a JV and only input the mine kit. i am also sure the government are doing what they can to save 1000s of jobs and families in the Runruno area from losing their jobs. it will be a big loss to Phillipines if Metals takes their business elsewhere and why it was surprising government were not more involved in sorting Dupax to safeguard jobs and revenue as Metals added a lot of money for the state that they are about to lose.

Make that a £100k investment and you could be looking at nearly £400k in a single year of dividends in 2034. Personally i think gold will be far higher than $4.5k by then and at $6k a £100k dividend from a 10k investment today in 2034 is possible at 60% distribution from FCF. Remember Kefi PLC are "DEBT FREE" and will remain debt free. Its subsidiary has the debt and will be paying that back over a long time period. This means dividends can be fast tracked and this is exactly why Edison, who went out to the mine last month are saying this. Where can you find a debt free gold miner with barely no overheads, given it is all now transferred to TKGM, and looking to make these sort of numbers within 2 -3 years? I will continue to add as i have for many years and only wish i just started investing today and save myself the grief of last 5 years!

Even the gloomiest of predictions from Edison say that we will get 1.5p dividend from 2029 based on $4500 gold price. The board have shared with Edison they will pay out 60% of FCF as dividends from 2029 so that aligns with my expectations. If you lock in today at 1.3p where else can you invest £10k and get £13k back in 3 years and get that every year for 12 years + capital increase of 10-15x? That is just the gloomy Edison on page 7 https://www.lse.co.uk/research/KEFI/effectively-fully-funded-obz55x7e468xvcv.html. Edison, the old gloom monger, is predicting a spike of dividends in 2034 at over 4p a share. All based on $4500 gold that is likely to be far higher so could be 10p a share dividend by 2034. Maybe a little way out but a £10k investment today could be a £90k dividend in 2034. Thats not to be sneezed at. Make that a £100k investment and you could be looking at nearly £1m in a single year of dividends in 2034. This is gloom mongers Edison btw using terrible numbers but dyor and see where this will really come out when you factor in Hawiah and JQ that are not in these numbers. gla

Maybe a tad over optimistic but $5k should do the trick. Grab cheap stock while the bucket shops exit at placing price!

Lets hope we test $5k soon and get back to testing 20p 18p. DP should close a deal in May or June to make use of Runruno kit, release the stsrt of 18k of drilling yo date and that video yesterday of a rapidly completing La India mine makes me think cold commissioning will come a lot sooner than we think. Everything falling into place for a blockbuster 7 months until December. Could we smash 30p by then, i would be surprised if we dont go a lot higher by first pour that could happen late October/Novmber how things are going.

Gold rapidly ascending an possible end to Iran war seems closer. Gold will make up for lost time and blow $6k when it does, maybe retest further highs. Gla

Its incredible to think we trade at a fractIon of just 1 years ebitda? When we hit these numbers we cant be less than a $3bn + company if we have a low PE or 10 and use the lowest number? Realistically multi juristiction gold miner and gold likely $6k+ by then we will be far far higher but as of today barely chip paper money. Is it really Harry or just the dire UK stock market that is simply dying slowly as money leaves the UK. The price of Kefi makes no sense given we are financed, government are shareholders, have all support we need, 1000s of miles from Tigray and location is very accessible with so much expansion opportunity. The build is very basic and standard and being built by a company known for being on time and on budget.

"At US$3,000-5,000/oz gold, average EBITDA for the first 3 years is estimated at US$345 million to US$683 million per annum, both of which significantly exceed KEFI's current market capitalization.!"