Member Info for Xhita

Target yes the mill manufacturer could go bankrupt, lose the order or build it upside down but you need to focus upon the likely events. This isn't science and I feel a lot more comfortable knowing they have contingency resources to overcome problems as they arise.

I expect Q4 27 we'll see the first pour from batch trials and have a chance to buy the first pour 1 gram wafers.

They were 1oz commemorative bars when Ariana made their first pour on Kiziltepe. Kerem Sener kept a first pour bar, I remember him showing it to me when I visited several mines in Turkey.

Hopefully we get the chance to buy this time but given the now gold price the bars will be much smaller

Production in 2029 maybe 10% . The contractors are highly experienced and they have an on budget on time record which seems they build resilience into the budget and the timeline.

H1 2028 production I think is most likely with ramp up extending through Q3.

Known risks. It's as safe as any other project because the "known" risks aren't the problem. Political risk, conflict, environment these are all out there. However look around at other African projects and you'll see they managed and so will KEFI. Then of course Gold price risk is another thing. Personally I feel this is on the lower end of risk. This is because the government are highly supportive, the priority status and the plateau environment. It's not overly remote by African standards and they are properly funded.

I have followed many West African projects and there's much more risk in the West, security, weather, disease and access.

I think it's fair to say the boot is off the head. I would be good to see it up 10 or 15% as a modest recovery then it can float along with construction progress

Even the most reputable sharks from placings have the same pressures at the moment and have covered their immediate demands. There'll be no peace whilst the US is on this economic suicide course.

Whatever was holding this bad has cleared now.

The share price is ridiculous

Magic it's fairly classic response to a placing. Immediate drop below placing price, bounce above, then the doldrums l. We are awaiting more news as some make a quick flip on placing shares.

The share price will emerge stronger. I paid 1.282 yesterday. I can do no more than buy cheap and let the construction and eventual production drive a rerate.

I can wait

Bonkers. There's something wrong with you.

I will ignore you in future.

Bonkers. I don't understand British people. You expect the CEO to sell you short and ripe you off yet you tune in and hold shares. I have known a few Brits and they have very low expectations, they seem to preempt failure. I don't really understand it myself.

If you don't think it's good then why stay. Why moan about it and spread negativity. Set you standards high and if they fail you tell them or move on.

Certainly if you are depressed and miserable get some help.

Here is Spain everything is so positive, the country is booming. Business is booming, the sun is shining and the pool is warm.

DeeDee on Proyecto Rio Tinto there was a construction gallery that was regularly updated with new images.

It really helped maintain shareholder excitement throughout the long drawn out build and testing process.

I suspect we'll see something very similar here.

Bonkers you need help. Maybe you should change your name

Is it a toxic loop. I find it quite entertaining.

Boards like these are filled with the same types.

Miserable people, hopeful people, losers, winners, the knowledgeable and the misguided.

I don't find it at all toxic, I sit back and watch. It's not my first early stage construction project. There will be dark days ahead but I believe they'll be around 2p for the folks getting in at the end of this year. You wait until pictures of the footings going in and the mill arriving. It'll seem so close then once it all fires up 3 or 4 months of test batching and dialing in.

It's frustrating...... but then as if by magic the dust settles and we are happy campers.

€250k to €1m I am betting.

Harry has an interesting view on updates. He said that they will restart quarterly updates but said they were unpopular with shareholders. I assume that was when they had little to say.

I have communicated my expectations over updates including a photo gallery with weekly updates much like Proyecto Rio Tinto so shareholders can see progress on the ground. Minimum quarterly updates and updates showing progress against the timeline in the presentation.

Is anyone else in communication with the company.

I felt the construction and restart at Rio Tinto was well handled but it was still incredibly frustrating as a shareholder.

The build at Kiziltepe was done by a construction company whereas TK will be done by a mining construction specialist who has a reputation for on-time on budget delivery.

RMc I suspect the catalyst will be when the seller runs dry. The share price is ridiculous here but it will remain so with seller headwind. Soon it'll turn then buying in volume won't be an easy task.

These shares trading and the share price holding is a clear sign the market can absorb the volume around this level. Although the headline prices move in reality this is a tiny yield in the price against the volume of sells into quite an illiquid stock.

Eventually they'll finish and at that point I wouldn't want to be trying to buy in any volume without a seller present.

anything liquid is sold. don't forget that these "winners" in on place are losers in another. copper speculators also hold aviation fuel hedges. when they need cash they need cash and will sell their granny to get it.

trump is truly a genius. they should rename the strait "**** creek" that's where trump is and quite rightly nato ain't providing any paddles

I bought my last chunk for now just now at 1.282

I wait to see more weakness before adding again.

Nice round number now

It's interesting looking at Akoba mining who are Oslo listed. Their segele mine is in production at the East end of the Akoba belt. High grade producer.

TK is west on the same belt of altered geology. The belt I believe heads West into Sudan as Akoba is a Sudanese word. This creates an obvious and defined area to explore. Looking at TK you can see a substantial soil covered plateau with some outcropping rock. These will define the dips where rock types meet. West of TK is much of the same.

Bonkers you truly live up to your name.

Obviously the area is covered in thousands of targets and many are connected, meaning they originate from the same structure. They are simply pieces of the Jigsaw, without understanding the geology you can't possibly identify where the target may lead. However the geology of TK is known so they can have some hope or reason to believe there's something similar out there.

Of course KEFI is in the target business, every exploration starts with surface anomalies and targets to sample. It's absolutely fundamental to the process, it's how the picture is built.

You can't see "mineable" gold structures from the surface. If you could it would be eroded and spread over hundreds of miles in scree or such like.

Obviously Harry hasn't said about TK2 and TK3 without so professional knowledge

Maybe it's best you just continue to be bonkers and let us know when you are serious

It takes years and potentially millions to prove a resource especially to JORC compliance where it can acquire a value. However it takes very little to identify a target. In fact targets are identified discreetly and never drilled before acquiring an exploration license. Surface, outcrop and soil samples are collected initially but those can be many miles from the discovery in some cases. However that's not the issue here with these contained structures which are mainly below the ground and dipping. They are fractured and softer than the encasement and erode rapidly when exposed. However it's inevitable that if an underground contained system is within the scope of economical mining that some trace will show in surrounding outcropping geology and especially in soil or stream. Even those created by thermal pressure at depth and contained within impervious rock.

The land around and west of TK has a covering of rich red soil with out cropping geology. It appears very similar in nature and it's a much stronger possibility than surrounded by ever changing terrain.

Clearly TK came from somewhere. Harry is very confident the ANS is a gold and mineral rich district. So far he appears correct.

Identifying those targets takes time and money.

It's inconceivable that Harry hasn't looked beyond the boundary fence at TK already. The area is rich in targets and some are being explored already.

Check out the cadastre map and you'll see the defined belts creating targets.

It appears to extend west towards the Sudan border and that can be seen on Google maps.

It takes years and potentially millions to prove a resource especially to JORC compliance where it can acquire a value. However it takes very little to identify a target. In fact targets are identified discreetly and never drilled before acquiring an exploration license. Surface, outcrop and soil samples are collected initially but those can be many miles from the discovery in some cases. However that's not the issue here with these contained structures which are mainly below the ground and dipping. They are fractured and softer than the encasement and erode rapidly when exposed. However it's inevitable that if an underground contained system is within the scope of economical mining that some trace will show in surrounding outcropping geology and especially in soil or stream. Even those created by thermal pressure at depth and contained within impervious rock.

The land around and west of TK has a covering of rich red soil with out cropping geology. It appears very similar in nature and it's a much stronger possibility than surrounded by ever changing terrain.

Clearly TK came from somewhere. Harry is very confident the ANS is a gold and mineral rich district. So far he appears correct.

Identifying those targets takes time and money.

It's inconceivable that Harry hasn't looked beyond the boundary fence at TK already. The area is rich in targets and some are being explored already.

Check out the cadastre map and you'll see the defined belts creating targets.

It appears to extend west towards the Sudan border and that can be seen on Google maps.