Member Info for Xhita

That 1m seller is carrying on regardless .

Fantasy dilution in a exploration company is one thing. In a production company is another. There's an end goal and the only thing important is getting there.

The dilution and safety net is a plus not a minus.

Falling short or delaying isn't an option. Now it's about delivery not building a resource or reserves

HAA does what needs to be done. Now the government are supportive and backing the plan it can happen.

After the election I will breath easier.

Another €20k placed today for me. 2 shown in red 1 in blue.

Tick tock... I can wait

The selling pattern doesn't look like pi's to me. It looks like an orderly process. Tripping stop losses

currently i think we are seeing the need to liquidate to cover demands elsewhere. these 1m and multiple organised sells look like a distressed seller to me selling anything liquid

this is where investment houses and institutions become a liability. they have deep pockets but short arms in my opinion. they aren't bought into the story it's simply an investment for them for which they expect a big discount.

they sell in panick because they are running multiple scenarios. they could be fuel hedge holders for airlines getting caned, they could be holding notes for metals now underwater. the possibilities as re endless when fan and **** collide.

i am a small time buyer this week

I was asked yesterday if I am in communication with the company. I did reach out and told them my expectations. I am not an easy going shareholder.

I received a nice reply and confirmation that my expectations are in sync with the plans of the management.

I believe this is a serious company and they are going to deliver an excellent build.

We need ducks in line gold price, on time on budget build, no security issues, and many more factors.

I don't think professional and committed management are a risk, they are cautious and diligent in my opinion

Agreed there's definitely some movement in and out going on . Turbulent at the moment and this needs stability to grow

The short term inflation pressures good. Returns elsewhere with a yield trump gold with no yield. However I suspect that it's going to get crazy. The dollar is starting to unravel. Tariffs and energy are driving inflation. Trumps disaster of a brain is destroying Americas ability to respond.

What does the fed do. Can they raise rates to challenge inflation. Americans are heavily in debt and raising rates isn't a viable move, certainly not raising them enough.

This isn't caused by over consumption.

I suspect when the world sees the dollar safety evaporate they will turn to gold.

In china and India, across Asia do ollar small bills are used for savings. Once this becomes more risky those bills printed years ago will head back to America as they are exchanged for gold or other currency. America won't be able to honour them or tear them up quickly enough.

I see a spiral ahead. The question is , who will they take with them. I think the Euro is relatively safe, GBP is I fear in danger .

I think in a couple of years gold will me double what it is now. However in real terms what will that be worth.

Fantasy. Please define progress in your eyes.

They will draw down bank money in September or October. The agreement to supply the money has been made, it's not an offer it's a contract. The equity funds must always be shown spent before drawing down.

Reducing the risk of dilution is only real once the mine is profitable. Dilution is a fact but the reward or the scale of the reward is the important part. Additional dilution is irrelevant if the rewards are substantial enough. I would rather have 1% of £1billion than 2% of £1million.

Currently HAA is absolutely the right man for the job. The banks are backing him and certainly they won't allow him to leave or the team to substantially change until this is open and paying back.

In Australia or Toronto or other markets more knowledgeable the Lassonde curve during construction is absolutely a good model. London AIM there are many examples where the appreciation is late in the construction curve. However the share price/market cap is probably less than half of anything sensible currently.

The early stages aren't particularly sexy to be sure. Demolishing peoples houses and ripping up trees and ground cover grading for a waste or tailings pond doesn't look like much.

They will be building something in a few months rather than destroying something.

However we could see houses being built, electric pylons in place, the security camp, the contractors camp and the road progress.

I found it revealing when Harry said about investors complaining about quarterly updates and the web presentations. The issue is that they were often followed by a call for more money or had little to motivate the market.

Limbo is over and they are opening a mine now. It's definitely happening. Whether the market values it gradually or all at once I don't care. LSE AIM is a wasteland of small knowledgeable investors, very few left. The small players are mostly gamblers and ebb and flow traders driven by BS and soundbite theories.

I can tell you that progress is always painfully slow when you are waiting. This is frontier production in Africa, it's not like opening a mine in a prolific region where everything is s at hand. I think there's plenty of slack in the 27 month schedule. Harry says it's+10 months on a typical WA schedule. This hopefully is how Lycopodium over deliver on this build.

Personally I am cutting them plenty of slack and I am not going anywhere until this is well into steady production and I feel happy to take my stake back.

Harry says the stock market is an exchange of wealth from the impatient to the patient. I think it probably was but not anymore, certainly not the LSE AIM.

HTTps://www.kefi-goldandcopper.com/files/files/Tulu-Kapi-2023-Review-Update.pdf

This is the updated environmental impact assessment from 2023. The original was something like 2014/5.

This describes and gives a map of the roads.

It says page 51 but it's actually around 10 pages more on the counter top right

SAG mill. It appears is most like being made by Metso. Probably in South Africa at Vereeniging.

Qnard you are right. The overall security picture is currently fine it's the future that has potential. I will be happier if the election goes off smoothly and we have the expected result. Just a couple of months ago it was more uncertain.

Diesel comes through Djibouti still and whilst I hear you about Kenya the mill is a few hundred tons of exceptional load. I guess it'll arrive in pieces but even so.

Alanos I am hoping for a quarterly update very soon, that will gives broad step forward to the early stage process, 27 months timeline is pedestrian and very realistic even in a frontier development.

I encourage all shareholders to stay motivated and send emails to the company. They won't answer but the will see them.

Harry doesn't value us but we control the share price.

It's going to go up, maybe not next week or next month but once we see gold in Q4 27 it'll be derisked and worth 5x current.

I can wait

Drewton. I think you hit the nail on the head. In early February Harry said the shares had tripled in 6 months and he expected the same in the next 6 months.

Then a couple of weeks later he dropped the D bomb.

I think he panicked but I feel in the long run it's going to be a major part of the success. The strike price was prostitutional.

Fortunately I was tied up in 2 other shares and unable to enter until I cashed in.

I am going to stay at this level for at least a year and see how it is. My investment window is 3 to 4 years and my target has plenty of zeros

EEP are building the power line and their press office are very efficient.

I had access to a satellite image on 72 hour delay. I own a solar farm and our contractor uses satellite imagery, over Spain it's real time and the rest of the world on 72 hour delay. I had access on Thursday for a couple of hours.

I have also spoken with a contact at one of those "deep pocket" serious investors that Harry mentions. They don't have specific information as such and aren't really following the story but filled in some blanks.

I have watched i think all of the material from the last few years. I have seen things I don't like but much that seems it's going to happen regardless.

I can see what the schedule is and it's blobs on a timeline. Not to be taken literally I think. I believe the project is on course and although it's early stages now it currently on the rails.

I am trying to find out who is making the mill I suspect it's Australia or South Africa. Once I find out I will be getting a schedule and information about that.

2 things are immediately hazardous. The security and big ticket items from abroad.

The power line from Gimbi 43Km to the mine site will go live in December 26. The equipment arrived in Addis months ago from synohydro. The pylons are available and mostly erected now. The substation extension is complete.

The high load supply won't be needed until they dry test the equipment which will be mid 27.

I was under the belief that we would see a find raiser for SA to carry the 13% into production. I now don't believe that to be the case. I expect KEFI to stay in the game at 13% with debt support from a SA bank or institution.

It seems that's readily available and not an issue.

Vaulted I think it would be a problem if the company was talking to any one beyond the information available so I am not saying anything at the moment.

It seems some people don't believe the mine is being built. They don't think construction has started. It has.

I don't know specifically if the access road is totally finished yet but it's there from the A4 to the mine site but I don't know if it's in its finished state as I don't know if it bitumen concrete or aggregate. I don't know if the high load power line is in yet but it's not needed for some time and a low power local connection is in. The 40km of pylons are in or mostly in, some can't be seen as the view is directly above with no shadow.

It's been interesting to learn that the project will have very low reliance on diesel as the mill and all the processing factory will be mains hydro electricity. This very cheap and removes all the bother of diesel generators. Assuming the power supply is reliable of course. This removes a massive burden of fluctuating diesel and availability through Djibouti port.

I don't want an inside position and don't want to be accused of such.

I have been assured that we'll be updated, quarterly updates and other information in between. We'll also be updated of any showstopper issues.

Clearly there will be thousands of small issues to deal with.

The houses being built are part modular and they are erected extremely quickly.

The houses are close to the coordinates I gave yesterday around 3km away I am guessing.

I know people think this is somehow fake, that they aren't actually building a world class mine that stands a very good chance of starting trial production Q4 27 on or under budget..... but that's what's happening.

Around October 5th he footings go in for the factory and at that point Lycopodium take the reigns.

Qnard indeed and the good side of a frontier explorer is if you are quick you can grab multiple opportunities before the region opens up. That's exactly Harrys plan. Identify, get the pegs in quickly, then explore at leisure.

The bad side is the skills and support industry are lacking. This 27 month build is 10 months longer than it would be in a prolific and secure gold region because of the lack of accessible skilled support and the need for substantial security, like a small army.

KEFI are home on this now. Fully funded plus a very large extra safety measure which now looks like a very wise move. In the next 12 months they could go over $5m just on diesel butn. That's now not an issue or a reason to worry.

They are very focused on delivery but in reality most functions are out of their hands now.

Risks are security, ore performance and mill/process performance.

In 2 years time the factory will be dialled in and production will be commercial.

The questions are. Will KEFI still own it, what will the gold price be and what will the share price be.

At $4500 oz I think with a 40% discount for region risk it'll be 7 to 8p.

I will be amazed if it $4500 as America heads into economic apocalypse