Member Info for Simms45

Easy to spot all the traders as if you step back we now have £35m in the kitty and we will power on to the finish line. I am thinking of the 15p+ share price and 1.5p dividends as these are now one step closer. Speed is key and i was getting concerned that since Iran war exactly that streamers got nervous or sitting on paperwork, Last thing we want is to wait another period of time. Harry was decisive and who knows what the future holds. Maybe tomorrow Iran capitulates and all tankers waved through by Iran or may be not. Harry to took control and shareholders are now very much looking to a 15p a share and 1.2-1.5p dividend. Remember without streamers those dividends will now flow sooner. Small wobble today obviously but crazy time to be filling your boots!

Dont get me wrong i am not happy placing is 1.2p as if he really was planning this it should have been done weeks ago. I suspect streamers delayed and banks got frustrated and Harry needed to take action. We are now in a much better place than yesterday. We are so crazily undervalued today that once the dust settles there is nothing to hold us back. £35m cash in the bank is exactly that. gla

Incredible news and as investors we can FINALLY look forward to the future. Having less stremers means we keep more cash in the future for investors in dividends and today marks the start of a new beginning. Investors buying in today are very fortunate as you are almost guaranteed 10x by production and when dividends flow at 1.5p doubly do. Gla

“ "This strong and oversubscribed equity raise, driven by significant institutional demand, is a clear endorsement of KEFI's strategy and the quality of the Tulu Kapi project. The increased scale of the fundraising ensures that Tulu Kapi is now fully funded through development, replacing some higher cost capital and positioning us to move forward with confidence. Importantly, it also provides the funding to accelerate our substantial broader growth opportunities by advancing our highly prospective strategic exploration portfolio, both underground at Tulu Kapi and more widely. We believe this marks a pivotal step in unlocking substantial value for KEFI shareholders, both at Tulu Kapi and in the longer-term across a wider asset base. In addition, the institutional investor support we have received positions the Company well for its intended transition to the Main Market of the London Stock Exchange in due course."

Thanks for article. Brilliant news for Ortega to personally give such a vote of confidence in Metals and that we have a difference to Nic finally getting the La India project built. Only 6 months to go and things are moving fast. Exciying to me a metals investor.

Trump probably muddied the waters but we are done. We have all the cash we need and more. No more placings for a long time. Its frustrating this was not 2 weeks ago but maybe Iran got investors jittery and Harry took decisive action. Its better to crack on with mine at full speed than wait on royalty companies to sign off. We are still 80% below our NPV so after a little dance i can see us strongly moving back towards 2p over coming weeks as we gain a big slice of confidence that finance is done and focus moves to Saudi and build. Tomorrow will be a once if a lifetime opportunity for a short time while some shareholders wobble. Gla

We can be sure of one thing that when tankers move through Strait of Hormuz unhindered the reversal will be brutal. Market is pricing in those tankers will be forever blocked. If Iran was silly enough to hit certain tankers their oil would be toast for next 10 years. Its a tricky path as while India and China enjoy low cost oil Trump does not mind putting an end to it. i wonder if over weekend this all reverses and by monday oil down and gold up. Feels like Trump will be really on this over the weekend.

The Strait of Hormuz will be opened shortly and full movement of oil will commence. Just a matter of time really.

Would be nice to get some drilling results off the back of this visit as we have drilling like crazy in Nic to aim for the fabled 5m ounzes. with everything riding on La India today this will be a really important to grow those ounzes.

Bear in mind Lycopodium are building the mine and not Harry. Its precisely why Lycopodium are building the mine means a takeover ie far more likely and sooner. If it was local or someone where Kefi management are working at operational level it would be different. Kefi plc is now a brass plate over a serviced office somewhere in London. We have almost no staff and just Harry and chums and an 85% stake in TK. Its a much easier acquisition as all costs and staff now or soon to be will be under TKGM. at 1.6p we worth less than 50 % of our borrowing and not much more than historic investment of around $150m imcluding recent placings.

The value of the company is also starting to get towards its NAV. We know Metals is horrendously undervalued on every measure. We are just in a lull before La India kicks off and deal is announced in the Phillipines. I suspect by june we will be over 20p, probably a lot sooner but we are still collecting something like $245m FCF in 2026 just from RunRuno so let the cashflow continue and let La India get live and phillipines deal OTL. All seem just a matter of time really and while its annoying to see the share price fall to these levels we know the underlying value is about to be stratospeheric higher.

Kefi are a sitting duck for takeover because we stand at 93% below our NPV. it means a buyer could offer 3p and once TK up and running could pay off the cost of buying in less than 12 months. Something has got to give and we cant stay at such levels for long. final closure of remaining $20m will be a big step and confirmation of eveything on track. Before we know it we will be drowning in up to $600m+ FCF to Kefi plc to share with investors as dividends.

Gold was $4400 only 3 months ago and share price was similar. now we are making $600 extra an ounze, call it $42m extra cash in the bank and we have not made progress. In meantime La India has moved on at pace and while Dupax was not what it was meant to be DP has started he is looking to annouce something in Q1. He sounded advanced when he said that. Certainly feels that with our PE below 1 for 2027 that sooner or later something has got to give. Any buyer could pay back its cost to secure the business in less than 1 years cashflow from La India. Must be plenty of companies looking Metals over and although we have a board with decent shareholding their own way to getting money out is generally selling or dividends as generally there is an unwritten contract that key shareholders sell on exit. Where are those La India drill results? When are results due?

As far as i know the debt is contingent on all equity being spent, which should be probably last 6 months. Therefore the £20m in a push come to shove scenario could be worked around but it is clearly important if we want everything to flow as required and without any cost cutting. At the moment, as i understand, technically the bank debt cannot be drawn down until all equity has been spent. obviously that does not matter as we have 6 months but the sooner it is confirmed the derisk is substantial. it also means investment funds can invest and will set in motion a re-rate up to first pour that pessimistically is 10x from todays price. This is critical news to put this all to bed and remove this risk. There is a good chance Harry has factored in a bigger contingency and my understanding we were supposed to get £10m or so out the back of this. It also concludes the full move of costs to TKGM so Kefi PLc costs reduce 75% and we become a revenue generator as we will bill for any time any of our team spends on the project as we would become a supplier. Very exciting when this all happens as Saudi news can then be released as given we are 13% i think Harry has correctly stopped talking about Saudi until this is all done. We also can then get exciting about the dozen licenses we have in Ethiopia and in Saudi that will all need JVs so we have a massive pipeline that could make Kefi a behemoth in 10 years. in 3 years we will have 2 mines and Hawiah should be only 4-5 years away. gla

Leaky leaky is all i say. Could be a mega update monday!

I think given oil is now around $85 its almost negligible change. Saudi already using its pipeline to Red Sea and US guaranteeing ships through Straits. Price downwards of oil might overshoot especially if Iran eventually signs deal to handover oil as with Venezuala. I am more interested to get update on our 5m gold district and get Metals towards 20p. I thought we would have had updates by now but maybe takes a little longer. DP is very quiet so pretty sure a deal in Phillipines is about to drop as he is normally quite regular and keen on updates. With all the extra cash from higher gold price it mean he has more cash available for a deal.

Not long back to 2p and then hopefully we never look back. All moons aligned for a rapid build of the mine and a clear path to market cap equivalent to between 15-30p depending on factors. Looking forward to next updates!

This has always been a screaming buy under 2p but the market is the market and sooner or later we will be 15p and then look back fondly on those early years when were we sub 2p for months and everyone was hesitant :)

Since the oil price coming back to $80, inflation off the table and the big gold inversion is also in play now over $5230. Odd that Metal has barely moved. I suspect gold miners will get some wind tomorrow but now looking very undervalued.

I sometimes need to blink that we are at 1.6p. While mine is not built is it really a 92% to NPV? This is Harrys numbers not mine. People once mentioned the Harry discount but in reality he is one of the biggest assets bow he has close relations in Ethiopia and Saudi. In his own presentation we are now cheapest explored against a motley crew of miners. We have the cash, all parties onsite now building the mine, Ethiopia is a shareholder in the mine. If you wanted a dream scenario we have it. Sure the Harry wording is not great “finessing” etc but its pretty clear more is going on than he is letting us know. I think new parties have come out of the shadows and maybe eyeing the other licenses we have in Ethiopia to buy in etc. i strongly believe Kefi will be easily £2bn-£4bn company in 3 years and this is just basic calculation from FCF. At some point the clamour will start and those looking for 10x on their investment over 2-3 years would not do wrong to look at Kefi.i am envious of anyone buying today as they missed last 5 years of twists and turns and many still at a loss or breakeven. Once Kefi can conclude the financing i think we will considerably push on as we are always a free company to another miner today that are sitting on billions looking for a home. Gla

Before we all know it La India will be in production and the quickest route to substantial re-route is cold hard cash that can be converted into dividends and more drilling. The option in the Phillipines in the Brucie bonus but La India is the real deal as enough gold for 50 years that i assume we will shortly find out about as all that drilling should be processed by now? For me core sample updates and increasing our gold should be one of next RNS updates and DPs new project he has alluded to for signature in H1. Two very sizeable re-rates happening on both and will create real momentum as by June/July pretty much La India is built and once plugged in we are into cold commissioning. There is a real 4-5 months of good news that you never quite know will drop. I am-m amazed when investors move between companies as they must kick themselves continually missing the re-rates that happen at opening after news. Gla