Member Info for tintin35

KEFI looks compellingly cheap:KEFI looks cheap, both in comparisonto other African gold companies, and also in terms of its price to NPV. The market is valuing KEFI at an EV of just US$409/oz of planned annual gold production, and ascribing no value to Hawiah, or to the company’s other assets. This valuation represents a59% discount to asample of 5African gold explorers and developersthat trades at an average EV of US$1,001/oz. Valuing Tulu Kapi in line with peers, and Hawiah as a copper exploration asset, suggests a current valuation of 5.4p/share.This is 2.4x the current share price.Bringing Tulu Kapi on stream is expected to drive a substantial re-rating: A sample of 8 African gold producers, with output ranging from 55,000 oz pa to 258,000 ozpa,is currently trading at an average EV of US$3,239/oz of annual production. This is more than 3x the market valuation of the explorer and developer group. Valuing TuluKapi asa production asset, and factoring in modest further development at Hawiah, could underpin a valuation of 12.3p/share.This is 5.5xthe current share price. Tulu Kapi is expected to commence production in 1Q23. If this valuation is achieved in two years, it would represent an annual return of 134%.A ‘blue sky lite’ scenario–‘lite’ because the real blue sky scenario is to discover another Tulu Kapi in the Ethiopian exploration licence area–might include an additional 100,000 oz pa productionat Tulu Kapi, and expansion of the Hawiah resource to say 100mt (5x the current resource). In this scenario,KEFI shares could be worth 20.7p/share, roughly 9x the current share price.KEFI also looks cheap compared to its NPVs.

now we got rid of the casino gambling day traders we can start to see come steady rises over the next few weeks. Hopefully the broadcast on Monday should encourage a few more investors.

I'd put money on Trifigura....I also reckon we will be bought out in the next year

The improved gold price outlook and our negotiations over the past few months have switched KEFI's focus from owning 45% of a 140,000 oz p.a. operation to owning 65% of 190,000 oz p.a. operation, essentially doubling KEFI's beneficial interest in terms of net production per annum.

nobody expected £200m in the bank on Monday - but this removes a great deal of uncertainty - looking at 3p today and gradual increases over the next few weeks - v happy with that.

2.45/2.8?

basically racist- is this the Rodney Trotter that's worth a billion pounds on the FTSE?

Harry Anagnostaras-Adams, Executive Chairman of KEFI, said: "I am delighted that we continue to attract strong African experienced participants in our Tulu Kapi funding structure in a manner that enables KEFI and its Government Partners to increase their beneficial ownership, for KEFI to c.65% of the Tula Kapi Project. The refined structure set out today is in accordance with the overall plan already approved by TKGM and the regulatory authorities and now includes investment from a well-capitalised and internationally prominent local investor and a global mining finance specialist.



"The pandemic has meant that the TKGM team have worked even more closely with the Government agencies at all levels and other stakeholders, enabling us to adhere to the overall Project timetable targeting production start-up in Q4 2022.



"The improved gold price outlook and our negotiations over the past few months have switched KEFI's focus from owning 45% of a 140,000 oz p.a. operation to owning 65% of 190,000 oz p.a. operation, essentially doubling KEFI's beneficial interest in terms of net production per annum. The Ministry has reserved for KEFI its exploration rights to over 1,000 square kilometres of the surrounding land for exploration and we are confident that in due course we will significantly boost reserves from satellite deposits and further expand the mine life beyond the term of the current economic model. We see Tulu Kapi as a mining district and not just one or two mines.



"Our progress and the Project economics are ever more compelling for KEFI and its shareholders and I look forward to reporting further progress in due course."

BOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOMMMMMMMMMMMMMMM....barely 5% of explorers get to be producers but we're gonna do it

is that Harry on the front page (under networking opportunities) albeit with a beard?

https://miningethiopia.com/

Kuat Oraziman isn't paid enough? ha ha ha ha.....

He picked that date weeks ago knowing full well he should have lots to tell us. Monday seems the obvious day for an rns otherwise he wouldn't be able to tell us anything market sensitive.

call me naive but is it possible the SP was deliberately dragged down (with poor, vague rns's) in order to get the CE hugely cheaper? If so, are we likely to see a quick rebound with some delayed good news they forgot to mention before?

nice tick up :)

I know that it's not exactly been busy the past two years but even just one small job will make this an absolute bargain. We probably got it for scrap value anyway.

http://www.24hgold.com/english/news-gold-silver-gold-miners-it-s-time-to-buy.aspx?article=21705408764H11690&redirect=false&contributor=Stewart+Thomson

VERY exciting week ahead! Hopefully the SP will rise on expectations of funding - so it can then double when agreed. Good luck everybody (not you smelly energy)

2.353p hit - :)

2.27p...

of course whoever exercised their warrants is no more likely to sell than the rest of us....