Member Info for Simms45

Also start of September is often a stellar time for RNS announcements as everyone is back from hols and and cash built up over the summer to get deployed. Feeling confident for Metals next few weeks and nice to see my recent top up get into the blue!

Yes. stock is flying again and expecting more afterhour trades later. Looks to me someone unfortunately were forced to sell £220k earlier today, probably a hangover from yesterday but a big discount to price now. Looks like 13p will not be long. Early result from Dupax early next week would do the trick and trucks taking mine to La India would do wonders :) once both of those RNS out of the way no reason to expect us not to surpass 15p very shortly.

All i observe is afterhour trades that historically was connected to Drax. It stoppe 4-6 weeks ago and now restarted. All i care is someone is buying decent amounts and this woll set the trajectory as long as it continues. Given we now know it was stopped around date of issue just a guess now it is public it might be same buyer who was an insider. Anyway plenty of upside regardless and nice to see back over 12p

Looks very much that Drax stopped buying when they knew about the incident and now it is all in the open buying back aggressively to make up for lost time. Drax must be licking their lips to get a chance to steal some shares from pis at 11.8p, bit of a bargain. Hopefully now they will be back in the market to buy £100k a day and put some shares into diamond hands.

I've topped up today. I was miffed why the shareprice drift last 4 weeks and seems very overblown given we are back up and running and with better understanding. With gold prices rising slight positive if we will get a higher price for the ore and i am sure they will work hard to recover the downtime. Time for Dupax to drop i suspect now this is sorted. I was wondering if we would get early data and perhaps its logical for this to come next. i think 15p will be in the rearview mirror very soon and Drax will continue buying as i assume they stopped hoovering because they had insider information so were unable to trade. However did not stop a few more locals to exit and now probably getting back in at this entry point. gla

Yes wishbone is a 10x. Kefi could easily do that over a period of months. Gla as we await news

For what it is worth average wait times for getting into port is 3 days at Corinto so could be longer and then around 6 days to unload apparently. I agree that when volumes are so low price can move in any direction but with gold about to go a lot higher with inflation in the US about to get stoked and bonds getting hit in France and the UK things are likely to get a lot morte exciting for gold. $4000 gold seems likely with everything going on. Dupax and La India updates are due in probably week or so and this should propel us back well over 15p.

This was 2.5p last time it felt “imminent” that something was going to happen. Feels to me we are a

multiples away so is the market wrong?

Phasers are primed and set to stun waiting in expected news!

While i suspect we will get a RNS on safe arrival of La India equipment and update on the mine build Dupax has been quietly drilling since the start of August. The drill programme was around 6-8 weeks so while it might not complete until mid September as assays are processed progressively we might see some early drilling results, especially if they are good with final updates mid September. Lets hope for some early indications to support all the other reports on how good this prospect could be. gla

Great news to see another major gold project financed and ready to roll and only 300 km away and more towards Sudan. This will be a big plus for boosting confidence and government keeping control of the gold belt on this side of the country. We know that KEFI confirmed that board meetings for KEFI, KME, and TKGM are happening this month that involves the Ethiopian Sovereign Fund, Federal Ministry of Finance, and Oromia Regional Government to sign off all underlying financial and project documents so its possible this might be released as next news in coming days. Then in September we will get the signing from the investors and equity will be injected into the project. For those looking for a 10x opportunity subject to this getting signed off it is largely just a matter of time to achieve that target. £500m market cap is 10x and that is very very achievable, even in the medium term. Once producing there is certainly no reason that with £250m+ free cashflow we cant be £1bn-£2bn market cap. That would be a 20-40x opportunity. Crazy as never got past 6x so would be very nice to beat my record. Also had my fair few fails as well but hopefully this will help level the portfolio :)

I am sure some would sell early but like the best investments you should let them ride. selling below £200m market cap (around 2p a share) is trivial when our first year net cashflow will be in excess of £250m that can be used to pay down debt or hand out a .6p dividend which is probable. Realistic valuation just on a low multiple is £1bn+ once we are closer to delivering the ounzes but going for dividend will mean we jump immediately to a better valuation. personally not selling for a good time to come as i have sold several investments early and regretted. this one i plan to see through to the proper market valuation.

My view is August so many are away and liquidity is less than normal so any outsize buy or sell will move the price disproportionately. Plenty of good news incoming so more opportunity to top up before Dupax and La India nine start up. GlA

Looking forward to updates from Harry that will smash this out of the park. If all goes to plan 2.5p is nailed on as very very basic valuation for Kefi. Anything under is an absolute steal but i suspect a little churn is necessary. All going to plan and should get update before end of month. Cant see us not pushing through 1p in next couple of weeks, gla

Amazing to see just how fast things are happening. Metals only acquired Condor this year and construction is seriously ramping up. What are the chances we smash installation and get commissioning earlier than planned? America and Mestiza are super high grade and first for mining to ramp up gold production fast. Titus updates are great to know. I wonder what is plan for the kit Condor already bought for £5m back in the day. Is it part of this plan?

Low volume in August but will take off like a rocket once La India kit safely in port and Dupax delivers early indications that we already know are great. Back over 15p and i would expect 20p in latter part of september if things come together. Gla

Key sentence if you missed it “ Board meetings for KEFI, KME and TKGM (the joint Board of KEFI and the Ethiopian Sovereign Fund, Federal Ministry of Finance and the Oromia Regional Government) are scheduled in sequence during August 2025 for signing of all documents. ”

Did you not read the last RNS. This is now out of Harrys hands. This is now countdown towards £1bn company in 4 years. Sone might argue sooner but the numbers are monumental and im not even thinking about Saudi. However an RNS this month would confirm what could be a big september. No reason to not think 2.5p is fair around sign off and im less bullish than most. Gla

Given newsflow (2nd bank, equity, Saudi) we could have a perfect storm up to sign off. Glad to see back of .6 but looking forward to 2.6 over coming months. Could this be the one as its been 3 years of Kefi in a coma but potentially about to wakeup with a veangeance. Gla

Great to see La India is full steam ahead and artisimal miners are all onboard. Impressive stuff from Darren again!