Member Info for topsharepicks

£10-11k each full ask!

someone's confident funding to be paid!

strangely I think this will be bigger than TK

"Hawiah has all the hallmarks of a significant copper-gold-zinc VMS deposit, which are typically quite valuable.

"Our targeted exploration programme has been steadily working towards drilling Hawiah and our team is confident that the odds of making a significant discovery are relatively high. We look forward to providing further updates as this exploration programme progresses alongside our flagship Tulu Kapi Gold Project in Ethiopia."

Yes tintin seems crazy the next RNS must surely be funds received from ANS could happen any moment of the day! Todays £8 million mcap divided in either £59 million = 8x upside OR divided into NPV at start £88 million = 11x upside and that was when gold was $1400! today its $1538!

At a gold price of US1,400/oz the following are the estimates for the open pit only:
· Project export revenues are projected at c. US$200 million per annum which would likely make it the country's largest single-enterprise export generator;

· TKGM NPV on start of production in 2021 is estimated at £196 million (US$249 million). And from KEFI's viewpoint, the Company's planned 45% beneficial interest in the Project NPV at start of production would be £88 million (US$112 million);

· Today, at start of construction, KEFI's planned beneficial interest in the NPV is estimated at £59 million ($74 million); and

Yes Harry but do we know that ANS agree?
The Company also is pleased to report that the scheduled independent security update has been received and that we are pleased with its findings. The last report was prepared in 2016 and this update has taken into account subsequent changes in circumstances and organisational preparations. The report analyses the Project security situation in detail and its conclusions and recommendations set out where and how to continue to ensure risks are managed and kept at appropriate levels. Its conclusions include that KEFI Minerals have put in place strong, well qualified leadership and have drafted comprehensive security and crisis management plans. These plans, once refined in detail and fully resourced, will maintain security risk at a level that should be acceptable.

Last month
· Further detail on the TKGM Project equity is as follows:
o The KEFI Project equity contribution has either already been spent or is planned to be sourced from existing working capital facilities or refunds to KEFI on closing of full Project development funding;
o Ethiopian Government Project equity of US$20 million (Ethiopian Birr equivalent), has started being deployed for off-site infrastructure in the Tulu Kapi district, as set out in the announcement of 24 June 2019; and
o Ethiopian private sector partner ANS Mining equity of US$38 million (Ethiopian Birr equivalent):
§ Injection of the first equity instalment of US$11.4 million (Ethiopian Birr equivalent) will be made upon satisfaction of certain conditions as detailed in the announcements of 8 April 2019 and 28 June 2019;

Director of ANS Mining, Ato Demissie A. Demissie, commented, "ANS Mining is pleased to be working alongside KEFI and the Government and is ready to proceed with its US$11.4 million (Ethiopian Birr equivalent) subscription to TKGM for the first stages of the Project development in accordance with the agreed terms upon satisfactory completion of the independent reviews and within this tightly disciplined framework."

28 June
Director of ANS Mining, Ato Demissie A. Demissie, commented, "ANS Mining is pleased to be working alongside KEFI and the Government and is ready to proceed with its US$11.4 million (Ethiopian Birr equivalent) subscription to TKGM for the first stages of the Project development in accordance with the agreed terms upon satisfactory completion of the independent reviews and within this tightly disciplined framework."

· TKGM has initiated currency conversion processes with the Ethiopian central bank for an agreed part of the funds provided by ANS Mining's equity subscription to be used to meet planned hard currency expenditures for project development; and

· The overall Project development plan has been re-sequenced after consultations with principal construction contractor Lycopodium to keep the start of production date at mid-2021, whilst giving more time for the first phase of community resettlement. There is expected to be no change to the start of production target date as long as the first phase community resettlement is triggered in September 2019 for completion in November 2019, which the Company believes is reasonable given that the community is supportive, the resettlement plans are ready and the authorities are very responsive and determined.
As previously stated, the terms for the ANS Mining investment have already been agreed by the other partners in TKGM (KEFI and the Government-sector partner) and the conditions precedent for closing the Project equity instalment were in hand. The requirement for an updated report by independent experts as regards security, community and local government readiness is a new development, but one that is understandable in the current climate. Whilst the recent security concerns in Ethiopia have therefore delayed the triggering of ANS Mining's first equity subscription into TKGM, given the collaborative atmosphere at site and work undertaken to date, these updates are expected to be received in a timely fashion and the Directors of KEFI and TKGM believe that the overall development plan and initial production date are unaffected.
These elevated security precautions are normal responses to the situation and merely reflect TKGM partners' commitment to this exciting first-mover mining project for Ethiopia. Likewise, KEFI considers that Ethiopia's own elevated security responses in this past week reflect its commitment to remain on track as Africa's highest growth country as well as with its overwhelmingly positive reforms.
All parties also recognise that keeping the Project schedule on track is now also important for the added reason of coinciding with the current gold price upswing so as to minimise financial risk and maximise economic benefits for all stakeholders.
At a gold price of US1,400/oz the following are the estimates for the open pit only:
· Project export revenues are projected at c. US$200 million per annum which would likely make it the country's largest single-enterprise export generator;

· TKGM NPV on start of production in 2021 is estimated at £196 million (US$249 million). And from KEFI's viewpoint, the Company's planned 45% beneficial interest in the Project NPV at start of production would be £88 million (US$112 million);

· Today, at start of construction, KEFI's planned beneficial interest in the NPV is estimated at £59 million ($74 million); and

· Project

yes their statement here leads me to think is very close!

• Statement by ANS Mining Director, Ato Demissie Demissie: "ANS Mining is an Ethiopian investment company formed by a syndicate of leading Ethiopian investment institutions to participate in the Tulu Kapi Gold Project and then to consider follow-up investments in the newly prioritised mining sector in Ethiopia. As investors we have done this before in other industrial sectors and now mining is a top priority given the Government's policies and the growth potential we see."

yep hence why we see the likes of:

PET driven down to 1p only see a wealthy backer realise how ridiculously undervalued it is and boom its back to 7.5p

and

IDE again the backers see the true value 0.8p to 8p

I can see a lot of wealthy investors snapping up ridiculously undervalued AIM stocks. KEFI is another case in point £1.6 billion gold in the ground not sure exactly what slice of that is credited to KEFI but a heck of a lot more than £10 million

JD agreed market very slow but KEFI gaining traction and could make a big unexpected move look like buys being shrouded.

Disgraceful whats happening here guys mm's fleecing this feeding off fear!

So wait for green light from Ethiopian central bank is that correct can any enlighten me when and how much?

• Statement by the Executive Chairman of KEFI and TKGM, Mr Harry Anagnostaras-Adams: "It is exciting that the Tulu Kapi Gold Mine development is starting and especially pleasing that it is in joint venture with both the Ethiopian Government and private sectors. All parties are completing the last-minute actions for next month's start of the 24-month development schedule to achieve full production in 2021. This will be the first modern mine development in Ethiopia for decades and has taken great determination and collaborative effort by all parties, for which we are most grateful."
• Statement by Ethiopian Minister for Mines, Petroleum and Natural Gas, H.E Samuel Kurke: "The Tulu Kapi Gold Project has full support from the Ethiopian Government at all levels because it is a priority for the country and community. We work closely with KEFI and look forward to the start of development next month."
• Statement by ANS Mining Director, Ato Demissie Demissie: "ANS Mining is an Ethiopian investment company formed by a syndicate of leading Ethiopian investment institutions to participate in the Tulu Kapi Gold Project and then to consider follow-up investments in the newly prioritised mining sector in Ethiopia. As investors we have done this before in other industrial sectors and now mining is a top priority given the Government's policies and the growth potential we see."

all the low hung fruit being picked now suspect free float at sub 1p gone could put in decent rise here

yes I see that

Suhail research?

should be any day from here, I only hope theyre good! Any deterioration will hammer sentiment.

slow start I remember a miner a few weeks back did nothing for a day then boom next few days trying to think who it was.

Im trying to figure out what caused the spike in June 2018 2.2p to 4.8p anyone with better understanding than me care to explain

joey excuse my lack of knowledge how does Italy affect Kefi

yes agreed as many like to see charts this is leaving the orphan phase about to start the rise

https://www.bing.com/images/search?view=detailV2&id=BD0BE5B7A604EC784E7053EE8FC8DF82BEE61054&thid=OIP.rh8VIbKigBbr1F3gxFkqRwHaEn&mediaurl=http%3A%2F%2Fjuniormininganalyst.com%2Fwp-content%2Fuploads%2F2017%2F07%2F4072572-thumb.png&exph=300&expw=482&q=orphan+mining+chart&selectedindex=0&ajaxhist=0&vt=0&eim=1

payment could come any day now

The Company also is pleased to report that the scheduled independent security update has been received and that we are pleased with its findings. The last report was prepared in 2016 and this update has taken into account subsequent changes in circumstances and organisational preparations. The report analyses the Project security situation in detail and its conclusions and recommendations set out where and how to continue to ensure risks are managed and kept at appropriate levels. Its conclusions include that KEFI Minerals have put in place strong, well qualified leadership and have drafted comprehensive security and crisis management plans. These plans, once refined in detail and fully resourced, will maintain security risk at a level that should be acceptable.

strong buy IMO

quiet as a grave...…….. shame seems to have lost the sparkle

when there is actually ZERO liquidity a share price goes nowhere the trades are actually fairly small today even they've hooved up what little free float there is then nothing happens because there no shares to trade.

Crazy eh