Member Info for Simms45

Odd given sounds like a ceasefire will be announced, maybe even this weekend, given Iran are keen to do so.

Crazily oversold. This £35m is not plugging working capital it is finalising and 100% derisking a 200k a year gold mine that will make investors today rich, at least a 1.5p dividend or around 50% of FCF and a share price of 10-15p for starters once we are on track in 2027. Whether we make it to production and not get bought out now an acquirer has all the cash to build is another matter. I just dont see Kefi being around in 12 months as its just too cheap and board has little skin in the game so institutions will simply line up a buyer themselves now they hoovered up 25% of Kefi on the cheap.

Even at todays gold price we are looking at a PE of 1 next year. Fair value should be a PE of 5-10 so there is massive upside. Ultimately will probably only get true value once a dividend is announced but 60p-£1 by end of next year will not be unlikely and we have not even factored in Phillipines deal and rising gold and production levels. If we get fist pour by October by Jan 2027 i would be expecting Metals to be cleaning out the high grade and looking at closer to 150k as on mine plan as i think 145k is pessimistic. Key now is proving up another 1-2m of ore and turn La India into a 30 year mine life.

Gold has been testing $4600 today so things can change fast. Kefi is below rock bottom and i sense we will drift to 1.3+ over coming days before £35m hits the bank account.

Sorry market cap is wrong but if gold price higher as it was last month at $5000 and we actually do 150k ounzes then its .75. Was offering a pessimistic view.

Revenue: 150k oz × $5,000 = $750m

Operating margin: ($5,000 − $1,200) = $3,800/oz = $570m

Net profit (after 30% tax ) $456m

2027 forward £320m net profit

Market cap today : £240m

Forward P/E: £240m / £320m ≈ .75x

Here you go with a pessimistic PE of .7

Revenue: 140k oz × $4,500 =$630m

Operating margin: $3,500/oz =$490m

Net profit (post tax, royalties): £260m

2027 (70% production) £180m net profit

Market cap today: £130m

Forward P/E (2027): £130m / £180m = 0.7

Lets have some drilling updates? Surely the in house lab is operational and we should be churning out updates. If we can add 1m ounzes as we lead up to La India first pour we can be double todays miserable share price that is now a forward PE of .7 for next year. Bonkers but we live in crazy times. Pressure will have to start soon to get that maiden dividend announced as we are debt free and once DP sorts Phillipines we will be in a ridiculous cash position end of next year.

There is so much on the horizon. We have closure of finance, Saudi Update on resource that has been steadily growing for last 12 months, financing of JQ and Hawiah, JV with multiple parties in both Saudi and Ethiopia, Updates on build. We trade below are NAV given we have (with £35m raised) invested £150m to date. Market cap with the raise should be around £150m so anyone investing are doing so at the lowest possible point. Once things move this will not look back and Strait of Hormuz will be opened, either because Iran agree a deal or because Trump sends in the marines that sounds like he is probably going to do and open the Strait by force. At some point some of the 90m people who want a free country and go back to Persia will make their voice heard.

With gold wobbling it is possible the deal DP said he was planning to close in H1 might be cheaper given the lower gold price. Could be a small silver lining while we wait for hold prices to rise again.

Including factoring in expenses before Kefi bought the license we have sunk around £150m to date. A lot of this is being converted into our 85% in Tulu Kapi so effectively we will get all our money back but our market cap today is barely more than this. it defies belief but there is going to be a huge re-rate once the finance is completed and move closer to first pour as we are 10x below what we should be by production. Once Strait of Hormuz is opened gold will rocket back over $5k.

Looks potentially Iran Ayatollahs are doing a deal? I suspect they are basically saying leave us alone and we will do the same. Looks like Trump 48 hour ultimatum is working. Could see a quick reversal for gold this week if that plays out and bargains to be had in gold sector.

Looks potentially Iran Ayatollahs are doing a deal. I suspect they are basically saying leave us alone and we will do the same. Looks like Trump 48 hour ultimatum is working. Ultimately it seems pointless for Iran to have its economic existence deleted. Kefi should finish day level i would suspect as gold is now almost back to friday levels.

The capital raise is done. The cash is in escrow. Investors who bought shares cant change their mind. The vote in April is existing shareholders and obviously Turkeys do not vote for Christmas so its just formality. Gold price will rise again. Could be next 48 hours if Iran either agree or are so degraded they cant actually stopped ships in the shipping channel. Strange times but i think better to sit it out as gold will come back into fashion. I think the oil price rise is way overdone and why in this day and age does it still have such an impact since we rely less and less on oil for energy production.

It will just just ebb and flow and Kefi was never that tied to gold price.It helped but not like a producer and if anyone forgets we closed £35m cash last friday. While we did not like it friday 1.2p is now a good price and we can move on. Gold will rise rapidly at some point as Hormuz is opened. When it does the global oil price will tank as there will be a glut of oil entering the market. in reality there is no shortage of oil for next 3 months. it is more if there is shortage in 6-12 months time and i doubt Iran will keep up the ante for so long as surely people in Iran will uprise at some point and kick the government out. Today oil storage is plentiful and is all about speculators and Saudi pipeline is coming online. painful but only in the short-term.

Was not expecting see Metals make the front page of the Sunday Times. Certainly helpful to boost PR.

Suspect bb88 is bitter he sold out early and missed the 300% rise now seeing a chance to get back in. Good luck to him as he probably a few weeks before issues of oil price changes and gold reverses, DP announces drilling results, deal in Phillipines and we get closer to first pour. Candy is close to Ortega family so chances are we start to pickup some nice licenses, afterall La India will be a massive earner for Ortega family.

Yes. i am filling my boots at these levels. Crazy times to get these opportunities and glad i held off buying more last few months although never sold a bean but days like these are not often!

This will be a very temporary dip followed by massive buying as the days go on. the momentum is now going to go into overdrive

Yes. i have always factored in 50% for dividends and Harry has said numerous times he plans to do so as soon as practical. Anything over 1p dividend by todays shareprice for those investing today is an amazing buy given likely 10x on the share price alone and the Strait of Hormuz looks increasingly likely to open quite soon and gold will shoot back over $5000. Just a matter of time. I feel the pain of watching share drop from 1.8 but it is only short term and only paper money. the real money will come over the next few years.

Yes. As usual an absolute gift for institutions. mean they make a tidy profit and but we grow the institutional share base. We are now all systems go! We will rapidly rise once all those emotionally get off the train an let the lths take over. The sooner we are shot of short term speculators and the ore we load up on lths the better for everyone. gla