Member Info for Stebo

Oh no.... Dsymons must have some inside info that he's just dropped about a placing..... I better dump all my shares asap to dodge that.

Thanks for the heads up Dsymons, much appreciated

......although, are you sure that there's not a chance that you're just somebody who has missed the boat and needs to keep the sp suppressed while you accumulate and try to catch up with the rest of us??

PatShare.... I know what KEFI will be doing with their money..... dividends, exploration and acquisition. This gold rush couldn't come at a better time for KEFI. In the next 5 years KEFI will take strides that normally take miners 20 or 30 years to achieve imo

PS, still only being 1.5p is hilarious. Surely anybody with a GCSE in maths can figure this one out now at this stage lol

$20,000/oz seems unbelievable, but then so did $2,000/oz not that long ago.

Since then we've more than doubled, without the common man on the street even noticing. If we go the same again over the next couple of years, then that's in excess of $10k/oz

I've believed for years that this would happen, and it was the reason that I got into gold-miners. It just takes patience....... lots and lots of patience lol

@ronvee the thing to bear in mind is that every additional dollar in the price of gold is (for all intents and purposes) straight onto our bottom line, as our AISC will remain largely flat (apart from small additional royalties, etc).

So at the current 1.25moz, every hundred dollars on gold more or less equals an extra penny of value onto the sp!!

Plus, considering how the sp hasn't reflected the increasing value of gold since $2,000/oz, there is a huge value gap to be filled, just to get to current gold prices, not even considering the speculative upside to gold!!

It's only after we pick up momentum and start breaking new ATH that people will start paying attention and then eventually get wrapped up in fomo.

The smart money gets in before the masses

@ronvee ... at 1.25moz (more likely to be 3moz+++) and $7,000/oz @83% equity..... that is over 50p per share

and yes we are currently less than one and a half pence!!! lol

Hindsight will be so painful for anybody who can't see the opportunity here!!

@Winstonwolf .... would you flesh out your calc a bit. It seems way too low to me.

bare in mind 1.25moz gold x $5,000 x 83% = $5.2b = £3.9b = 36p per share (before discounting)

@UserSteve As I said, if you want to wait until the official signing ceremony, by my guest. I'm already giddy at the thought of what the sp will be by then..... and also what will happen to the sp once it actually is fully signed-off by all parties and the flood-gates of II money come into play!!

Anybody who says that this isn't significant is either an idiot or here to influence others.

The whole deal has been sorted, then the next port of call was to present the finance package to the banks for their nod. Although the equity portion hasn't been signed off, they've all just been sitting waiting (with crossed fingers) for the banks to give the project the green light. It's all now an administrative process, with all parties celebrating the banks signing off. There's not a chance that any of the equity partners will change their minds at this stage.

The banks signature was the key.

By all means though, wait until Feb for full sign-off..... we'll need buyers in the 3p-5p range too.

Such an obvious buy right now. Bear-trap reversal. Even we hear nothing, you would expect to see the price retracing back up to 1.6-1.7p very soon. Easy 20% for technical traders.

@NickE

Great post. I've been saying for years that our Reserves are hugely under-stated, but now I can see that has been intentional. The 1moz reserves / 1.7moz resource was always big enough to make KEFI commercially viable as a mine and as an investment. That was all that has been needed to get the show on the road. KEFI have been very clever to protect the upside potential, keeping close to 100% of the long-term value within KEFI.

I've previously spent a long time (when gold was circa $3,500!) looking into the 2015 DFS, and I came to the conclusion that everything within the resource, right down to the exploration cut-offs, was now commercially viable. It seems that KEFI are also now suggesting that, with their comments about adding in the processing of the previously waste spoil heaps. Yes the recovery is not as good as the high-grade ore, but it still adds huge value.

Then you would also have to look at the cut-off grades in the exploration, and the likely impact on changing that to a lower cut-off grade. If you think of the ore body as a sphere, the impact of lowering the cut-off grade, to include more ore body in the resource, it is like increasing the diameter of a sphere. When the diameter increases in one dimension, the volume grows in three dimensions. So a 10% increase in the strike length (due to a lower cut off now being commercially viable) would increase the volume of the ore body by circa 33%!! A 20% increase in strike length would increase the ore body volume by circa 73%!!!

The way that Harry as structured the finance deals, KEFI protect the upside, which is something that KEFI have been intentional about. I reckon that they know TK is a 3moz-5moz mine, all day long! The fact that the job advertisements for positions at Tulu Kapi are also listed as having a 12 year duration would also back up that assumption.

@Robjm66 "A main hope is kefi hits it future targets and the vast majority of people including lths make money here."

Once everything is signed and sealed, and TK is less of a take-over target, I expect a revised DFS to be issued. Based on historic exploration, but with cut-off grades based on $4,000/oz rather than $1,200/oz. That alone, imo, would be like making a new discovery! I reckon that would add at least 2moz to our Reserves.

I'm not sure who Bonkers is talking about, but I'm still expecting 5p shortly after full sign-off, and 10p within the year. My mention of getting back to 2p is prior to sign-off.

But 'my-my' isn't it funny that you're still hanging around here, when you spent a year saying that you were gone at the first sniff of 1p lol

@dvharrison I was invested back in those covid days, etc, when the sp was 2p, but the mess of the last 5 years has actually handed new investors, and those wishing to top up and incredible opportunity. All that gold that was in the ground in 2020, is still there, except it is now worth three times as much, and those five years of 'jam tomorrow' are the reason why that hasn't yet been reflected in the sp.

The last five years are the reason why KEFI is so over-hated, and that is exactly where the opportunity lies for savvy investors. I don't care about whether HAA is full of nonsense or not. I don't care how many deadlines he missed. I care that Tulu Kapi exists, has mind-blowing value, and is going to eventually become a mine! The rest is just noise that effects only sentiment, not value.

@normab1 ... I presume Justaguyinashed is either joking or perhaps disgruntled. Possibly fomo'd into buying during the last surge, and then spooked into selling during the recent pull back, and now caught out.

I fully expect to still hold some KEFI when the sp is 50p. Could be 2-3 years, could be 5-10 years, but it is definitely a likely reality eventually (without consolidation lol). For 2026 though, I'm more focused on getting back to 2p, then 5p, then heading towards 10p.

@longinthetooth1 what a load of drivel. You could do the exact same character assassination for any jurisdiction in the world.

I could argue each point with you (such as the Ankara Declaration), but at the end of the day it's clearly nothing more than AI generated rhetoric. Financing itself is the only signal that is really needed. ACF, TDB and all the other syndicate members know a whole lot more about the reality on the ground than either you or I, yet they're happy to pump $340m into Tulu Kapi following years of due diligence and professional assessment and research.

I have to agree with @sharezy. PR and fluff might impact day to day sp, but what we need is fundamental value added through de-risking of Tulu Kapi. The sp is currently a nonsense, with the finance risk massively over-stated by the market (HAA's own doing, to be fair). I'm not really concerned with tweaking that risk-factor..... at this stage we just need to get that risk removed and the deal signed.

The impact of that will be huge, and I am more than happy to have the patience to wait for that day to come.

@stringer01 "The problem here is this funding package is far too complicated with far too many parties and more moving parts than a combustion engine. After reading yesterdays RNS numerous times with a magnifying glass, it's only just starting to dawn on me. The entire thing is a dogs dinner and the sp is heading in the wrong direction at this late stage. That is down to Adams' communications. Obfuscation doesn't seem to say it."

The share price action is 75% placing shares being dumped (as always happens) and 25% idiot PIs being spooked into selling by the sp movement and fearmongering like your post!

In what was is the finance confusing or a dogs dinner? It's really simple, and the options have been set out clearly for years. Harry has used a mixture of finance sources to get a reasonable mixture of value and risk-mitigation, and the fact that we had options is a good thing - not a complication.

If you find KEFIs RNS too difficult to understand, perhaps this game just isn't for you.

@StephenX "Should the mine actually be shown to be being built; money actually being spent and photos/pr of the mine actually moving towards readiness; yeah this share may finally grow but until then you're all wasting your time"

I feel like you might struggle to wrap your head around this, but I don't really care about the sp. The only relevance the sp has for me is when it came to the placement, but the dilution caused by the low price has been somewhat mitigated by the opportunity to continue to buy at these crazy cheap prices. I'll worry about the sp when it comes to selling, but by that time it will be the accounts and dividends that dictate the sp, not photos and PR.

And I'm spending my time accumulating cheap shares, I don't consider that a waste of my time at all.

@Bonkers0801 Perhaps you missed the bit in the RNS about KEFI netting $330m pa, after servicing all debt, etc?

40% payout ratio would be fairly typical = your £132m