Member Info for Xhita

Look at how it went at Kiziltepe for Ariana and Rio Tinto for Atalaya. You'll see what to expect

That's funny. The cashflow from production will be within 6 months of the construction completing. That's quite a normal timeline. The will start stripping and piling well before but they mill will need at least 3 months through test sampling and ironing out the design and flow. Within 6 months of running they will be at commercial levels.

It won't take 20 months for the mine to cash flow. Ramp up will be around 3 months and positive cash flows will come in the first 6 months for sure.

If it takes 20 months from sample processing to meaningful production something has gone very wrong.

The trades at 10.59 to 11.01 are printed red but are my top ups Also 11:01:48 in blue Kefi is now my biggest holding as I sold down some Atalaya this morning

I plan to hold around £70k long term and trade the rest which is my normal MO.

Simms I agree with that. I have a long term pot here for just that event and a trading pot to reap rewards along the way and ultimately leverage my long term holding.

Ultimately all that is needed is patience.

I do expect some dilution along the way for projects outside of the TK finance package but they will also generate additional returns in my opinion.

Onions I sold yesterday afternoon and the last this morning. I'll wait now and see what happens.

Obviously trump is pumping the markets and is in a very weak position. Ultimately if it's in profit that's great but I suspect unless trump surrenders quickly we'll be back to the same cycle.

I suspect this is why we are invested here. It's my second largest UK listed investment. I am here for the long term but typically will trade as well.

About KEFI Gold and Copper plc

KEFI is an AIM-listed exploration and development company. Its flagship asset, the Tulu Kapi Gold Project in Ethiopia, has secured a comprehensive US$340 million project financing package through its subsidiary, Tulu Kapi Gold Mines S.C., including Chancery's US$20 million 4.8% royalty. KEFI has mobilized field teams and contractors and is advancing toward implementation and construction.

KEFI Gold and Copper Founder and Executive Chairman, Harry Anagnostaras-Adams, commented:

"It is an exciting time to launch Tulu Kapi, one of Africa's highest margin new gold mine developments. Already bank-backed, Tulu Kapi has been engineered both physically and financially to be robust for the long-term - it is designed to pay all costs and service all debt at an all-in-breakeven-gold price of US$1,400/oz.

At US$3,000-5,000/oz gold, average EBITDA for the first 3 years is estimated at US$345 million to US$683 million per annum, both of which significantly exceed KEFI's current market capitalization.

As I understand the Jeff Rayner experience it's mainly around discovery models. That may include compliant resource development but I don't know. Certainly when it comes to target identification he has a good record.

Hubstar if that's the case where do you see Jeff Rayner fitting in. It's possible they could be moving to develop or advance something with a more substantial ownership. Obviously Jeff is a bit of a specialist in the Nubian shield exploration. There are no doubt massive opportunities

No I bought the vast majority at the end of march in the dip. However it makes no difference to the flagging of a fundraising that I posted about. Do you have an opinion on that....

I bought at 1.195 and sold at 1.46. my current holding owes me around 1p a share.

However it's not important. I sold because it was well in profit. I will sell again once the situation plays out.

This is a quite normal dreamers board.

It's important to be agile and to go with the flow.

It's currently down but it'll turn soon.

Maybe today

Ggg21 I have been a holder since the start of March . I sold some at the end of April and will hold the rest for a bit longer. The construction phase is normally a non event for the share price and ultimately I expect value to come in a couple of years.

Ultimately now there are no real drivers. Gold trend is important but day to day is irrelevant

I guess that they don't plan to dilute and they expect it to trigger this year.

Day to day running of the JV now it has a management team will create an ongoing burden to which I assume Kefi are responsible for 13% of. This is in addition to the day to day Kefi costs

It's very important to remain objective and not to fall in love with your investment.

The evidence is what they have said. Clearly that want a valuation in order to raise funds to preserve the stake in the JV. Clearly it's a worthwhile project and will have a substantial valuation. The point is to clearly state the TK funding is very much ringfenced as we would expect and other investments will be raised separately.

Separation from Tulu Kapi of Financing and Management of Growth Initiatives

The financing package recently closed for development of Tulu Kapi included cost overrun reserves and a capital allocation for the initiation of growth opportunities. Going forward beyond the initiation phase, the Saudi projects and other non-Tulu Kapi initiatives will be funded independently of the Tulu Kapi project financing - optimising the application of project finance, other non-ownership dilutive capital structures and joint ventures.

I suspect most people will be waiting to see the price of the next fundraising. The rns clearly flagged a fundraiser

Seems like more madness today. Copper up by 0.4% and the share price up by 15x as much. It really makes no sense to me.

It's 1200km away from me and I don't speak Galego so it's unlikely. They do speak Spanish but won't answer in Spanish or Catalan.

I was last there maybe 18 months ago A lot of the abusive signs and graffiti has gone. Hopefully they have mellowed.

I have collected my new car so a long overnight drive awaits back to Costa Mijas

Interesting to see it down today on a strong copper price rebound. Daily profit is substantial at this price around half a million a day 7 days a week.

I had a look at Touro this morning. There's works on site and there's been something going on since I was last there. It has been used as a landfill and that is probably what's being cleared now.

The pollution seems a bit better, certainly it smells better. Obviously they aren't going to do much beyond the necessary until all the barriers are removed and it can be declared permitted. As I have said before permits aren't so much issued here more the opposition is removed or mitigated and at some point the scheme is triggered. I suspect in this case given the investment required there will be an official no objections notice.

I don't know what value the market attributes to Touro in reality but it must be very low at this share price.

Lara exploration is going well. Currently up to C$ 3.99. The investment was purchased recently at C$3.00.

Copper futures up strongly and copper spot down. Backwardation has ended and the futures has run off again. It's probably because gold and silver are also having a good day but it does make you think about how the market is controlled

I sold over €200k worth today around 755p. Some hasn't appeared on the register.

See how the next week goes and if I can get back in closer to 700p.

I am watching copper and it's been in consolidation today but I feel it has a bit further to drop.

Ultimately I think towards the end of May it'll return with strength.

I see some chunky trades after the UT.