The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Bought in the .6s... not sure why people willing to take profits today.. in for the long haul.... we're going places
Do you know NickE how many warrants are out there? is it something like 1b? I cant remember but even at a 25% discount we're still above the 4p mark?
I seem to remember Harry stating in one of his interviews that most Miners trade at 44% of NPV Which would put us in the £200m ball park. still 6x current share price. Either price would be good.
Could the webinar have more to do with a Duel listing than anything else?
IMO I don't think he'd pre empt a webinar hoping that sign off will happen, that would make him look silly if it doesn't happen and surely any sign off would just be RNS'd on the day or the following day?
I also take his work for it in the last one that 'A placing will not happen before sign off' so can't see it being this, fingers crossed, hopefully he just doesn't do them on the same day :-)
Well that's about the tightest candle I've ever seen, are we expecting news tomorrow? someone's buying
Looks to me like the last 11 days trading is setting up the perfect reverse bull flag?
Totally agree with Robjm66, Harry said in an interview gold miners generally trade at a 44% of NVP giving us a price target of just over 4p. what do people think it will go to on sign off? 1.6p - 2.4p? something in there? then a year or so until first production, 3.5p? two years until full production, 4.5p. Also what's likely to happen if we get a Saudi Listing could be anyones guess? Thoughts....
Even the money needing to be raised for SA is minimal compared to project size.
KEFI’s equity share of the development requirements
for Hawiah and Jibal Qutman is just 7.5% (30% of 25%) of capital expenditure of US$199m
(US$160m plus US$39m) – ie just US$14.9m – to be funded after Tulu Kapi starts up.
https://www.kefi-minerals.com/files/files/Edison-KEFI-Hawiah-developing-rapidly%20-behind-TK-17Mar22.pdf
Page 3
Can't see this falling past 21p then should start a steady rise back to 25p, Just IMO, DYOR
New investor here
I was in I3e not so long since, No Oil = around a £35M market cap, now up to 20k barrels equivalent per day (only 5k actual oil I think) and £300M market cap. hopefully the same here.
How are some of the ratings valued?
I recall reading somewhere they are usually done on NVP?
Harry over at #KEFI recently said most miners are traded around the 44% mark of NPV so if 18p is the NPV then GGP should be around 7.92p.
Some one will know loads more than me so looking forward to reply.
DYOR
In one of your last posts you state mid November, where has the change of date come from?
So how much does it need to increase????
Gold is $1645
AISIC is $968
and All in Costs including CAPEX is $1207 according to the latest presentation.
Harry states all the banks and the Government are also pushing this forward.
https://www.kefi-goldandcopper.com/files/presentations/kefi-q3-2022-presentation-25oct22.pdf
Would be good to know which bit of info makes you think this?
As Orior Capital have stated previously
''A portfolio of six other companies with gold development projects in Africa, and with similar gold price assumptions, currently trades at 43% of NPV''
https://www.kefi-minerals.com/files/files/Orior-Capital-KEFI-The-brakes-are-off-April22a.pdf
If the case is Kefi will have an NPV of £433M in 2 years then the SP will be in the region of 4.6p if my calculations are correct even with out a new listing or any future gold discoveries.
Harry mentions about the other company in KSA, which has one project with one quarter the resource of Hawiah, (G&M has 30% of Hawiah) and its other project is less advanced than Jibal Qutman. He notes the other company is in production yet relatively small compared to what G&M has already. Valued at 1.5B on their stock exchange, If we get listed on that stock exchange who knows where the SP will be.....
Hi Lawo, I'm no expert here but ill give it a go.
According to this presentation https://www.kefi-goldandcopper.com/files/presentations/kefi-mine-africa-presentation-14june22.pdf by Kefi they have an NPV of US$470, this divided by the number of share would give roughly 11p a share,
According to the Edison report we are expecting a FCF of nearly $80M. if they return 50% of that to shareholders it would be 1c/share.
They do state in the report that resources should be higher with results from drilling by the time they come to production. Please someone correct me if i'm wrong
Do your figures add up?
Your first post states you got in to GGP in 2018 when you first joined this BB as a different user?
Would be good to hear some explanations as to why people Value GGP at x amount, 50p, £1, £1.44 etc.
GGP valued at around £350M with an NPV of £360M from Havieron according to https://greatlandgold.com/wp-content/uploads/2022/09/GGP-Corporate-Update-Aug-2022.pdf Page 7.
Yet there are other mining firms out there with the same NPV but worth only £30M which are also close to signing off Financing. Just interested to see why people are expecting this to Fly given even the smallest piece of info?
Hasn't it been talked about on this BB that rather than NCM spending £60M on 5% they could buy 15% of GGP and have 15% of everything for the same price?
KEFI net 70% interest would result in annual net operating cash flow of
US$100M at 31 December 2021 gold price of US$1,830/oz
or
US$70M at US$1,591/oz gold price