Member Info for the_shareminator

I have been realistic all along actually, but there has been plenty of ramping made just not in my name.

I have stated a couple of times recently my near term target is 1.8 - 2p on funding and we have yet to receive it so for me a lot of value has been baked into the share price.

A lot of people are quoting the RNS figures today without really understanding KEFI's equity in the project or how NPV affects the share price. There are much greater factors at play presently, namely high interest and volumes which are almost certainly distorting the valuation of the company short term.

Today with all shares in circulation we are valued at £15m which in my humble opinion is quite fair. The $11m when transferred to TKGP will reduce the risk here considerably and I'd expect interest to push the share price beyond the highs achieved today. Further out the timeline of financing arrangements, namely the roughly $160m bond organised through the Swiss financing corporation and mine development will dictate how quickly the share price moves up through the gears.

Indeed if you get 2p on the bid tomorrow then that's profit well deserved. I took a risk buying more in the 0.7s and 0.6s when volumes here were at rock bottom and many of the faces posting weren't anywhere to be seen. We are all riding the same ride but with different expectations.

earthling - I've been here long enough to know the funds could arrive this week or be delayed into next month. It was due months ago but pushed back for a variety of reasons. With that said if it arrives tomorrow and the share price shoots up past 2p then I'll only have myself to blame. I can live that, last Friday I made a couple of trades on both sides of the order book that worked out in my favour and today the share price stands some 50% higher than my purchases. As with all things it's about risk reward balance and my portfolio value has been heavily imbalanced with the rise of KEFI's share price so it makes sense to release some profit.

I don't believe current volumes and this surge in momentum can be sustained day after day at this level either, not without the $11m confirmed which is why I am hesitant to see paper profit at 1.77 disappear. Also be aware the last time shares were this high there were only a couple of us here posting and there has been substantial dilution since then.

earthling - wait and see. We all have to live by our own decisions.

Eventually it may reach 5p but that will be closer to production in 18 months time. I expect this to breakout beyond 2p after the $11m from ANS is confirmed but right now nothing has changed since last Friday. The only thing that appears to have changed is word has spread over the weekend. There is a LOT of momentum right now, high volumes and I believe interest will peak at or around 2p this week. But I am more than happy to be proven wrong and see the share price breakout.

150% is real to me mate, just derisking. I still have over 750k shares

How many of us were sat on a +20% loss with KEFI nearly two weeks ago with the share languishing in the 0.6s?

Today 1.75 on the bid. I will be honest, I couldn't resist reducing here but for good reason. My pf was quite overweight in this share, especially following the recent surge. I expect the share price may test 2p this month, could even be this week but equally it could fall back below 1.5 if gold continues to fall and more and more shares are issued.

Wonderful to see the share price more than double this week off it's year lows but funding has still yet to be announced! I'd expect a push to 2p next week with funding imminent.

Been here since 2p+ days waiting for this to come good. Last buy was in the mid 0.6s but still holding an average above 1p+

This has much further to go, pending actual transfer of funds which are all but guaranteed following todays update

Great detective work here! I think you've found the culprit and the reason for sell down. This time last year it was an Israeli based fund that swooped in and took a decent stake before offloading for no apparent reason which hit the share price.

With Majedie gone and impressive buying volume today (courtesy of IC's coverage) I'd expect the share price to continue this trend higher. Only the untimely selling of institutions should knock this given current fundamentals.

I was a bit surprised there was not one mention of ANS in this update. This is the first time in recent weeks the delay has been placed at the feet of the government. It's a shame this wasn't clarified earlier.

SmellyBen - you and another shareholder hold 32m shares? You've been here a long time. There has been a fair amount of dilution and depreciation in the market value of the stock.

Indeed it looks like a repeat of last years share price movement. There was no reason for the fall last time but this is AIM and institutions offloading can cause a drag. Perhaps it is profit-taking season in the city?

Whatever it is, margins are a good deal better today and widening (palladium is up to $1800/oz) and capex spends are due to reduce in years 2020-21 if my memory serves.

A lot of value baked in at todays price hence no movement on the latest results, which were excellent by TSG standards.

The issue here is the life of mine could be scaled back from 2024 by a year or more possibly leaving little in the way of future value on paper. Obviously the news that they are ramping up exploration and have increased their team bodes well so will watch and wait on the side-lines until they start releasing exploration results

First Hawiah drill hole hits massive sulphides

The first drill hole (HWD_001) has intercepted a 15.8 metre interval (true width estimated at 8 metres) of massive sulphide at a vertical depth of 125 metres. The mineralisation encountered presents dominantly as pyrite and chalcopyrite (a principal ore for copper), and minor bornite, with associated alteration and lithology consistent with that of a Volcanic Massive Sulphide "VMS" system. Assay results pending.

VMS mineralisation is the source of the previously reported 5.5km long geophysical anomaly. Previous results along the Hawiah Ridgeline demonstrated 'enriched in gold at surface' and geophysical surveys suggest a continuous anomaly under the ridge that remains open both along strike and down dip.

The G&M model points to the Hawiah Ridge line as the oxidised surface expression of an extensive VMS system that hosts enriched gold mineralisation within the oxide portion (upper 25-30m) and copper bearing massive sulphide mineralisation below this depth. A 1.5km strike with drill spacing of 250m is ongoing and results should continue to be released to market.

Commenting KEFI's Executive Chairman, Mr Harry Anagnostaras-Adams, said, "We are very pleased with this result straightaway with our first drill hole at the large Hawiah target. This first drill intercept of massive sulphide confirms our exploration model and reinforces our confidence in the area's high prospectivity for gold and copper."

Yes indeed! Expect a delayed sell after close.

not all sells, I just picked up some at 64p

TSG as a comparison produce about 40koz and are valued at £85m today

The market needs to wake up!

£95m market valuation for a company soon to be in net cash position (debt free by H1) and capable of 120koz production with about $600/oz margin at current levels.

Q3 Highlights
· Gold production of 22,726 ounces ("oz") in Q3 (Q2: 19,856 oz);
· Year-to-date ("YTD") production of 64,956 oz;
· The Company remains on track to meet annual guidance reiterated for 2019 of 80,000-84,000 oz at All In Sustaining Costs ("AISC")1 of US$740-780 /oz;
· 126,787 oz of Inferred Resources grading 3.15 g/t was converted into 83,543 oz of Indicated Resources grading 7.85 g/t;
· Net debt decreased 23% to US$20.7 million ("m") (Q2: US$26.9 m);
· Gross debt decreased 15% to US$25.7 m (Q2: US$30.1 m);
· Forward sales reduced to 43,000 oz (Q2: 45,000 oz);
· Adjusted EBITDA2 of US$16.5 m (Q2: US$10.5 m);
· AISC1 of US$723 /oz (Q2: US$773 /oz);
· Cash operating costs of US$474 /oz (Q2: US$564 /oz);
· Cash, and available liquidity3 of US$11.6 m (Q2: US$9.3 m); and,
· Zero Lost Time Injuries ("LTI's"), with no LTI's since Q4 2017.

Financial
· Net debt excluding VAT receivable of US$20.7 m (Q2: US$26.9 m);
· Gross debt of US$25.7 m (Q2: US$30.1 m);
· Unrestricted cash balance of US$5.0 m (Q2: US$3.1 m);
· Bullion available for sale at the end of the Period of US$4.1 m (Q2: US$3.3 m);
· Liquidity available for draw down from Exim working capital facility of US$2.5 m (Q2: US$2.5 m);
· AISC1 of US$723 /oz (Q2: US$773 /oz); and,
· VAT receivable increased to US$27.4 m (Q2: US$25.3 m).

The paltry dividend SLP offer will probably keep things even here. Still somewhat disappointed by the lack of interest as Rhodium climbs to $5,500 an ounce and Palladium begins wrestling with $1,800.