Kefi Gold & Copper - Q4 operational update, a strong risk/reward Buy...

Versarien – bad rumours from the USA. Read HERE

Kefi Gold & Copper (KEFI) has issued a fourth quarter 2022 operational update, including re-emphasising on Tulu Kapi gold project financing that it “expects all outstanding issues to be addressed imminently”. Those are principally regulatory – Ethiopia Central bank and Ministry of Mines final approvals and confirmations. It also adds that “going forward the company's Saudi assets are expected to have relatively short gestation, approval, financing and development schedules”.

The obsession of the housing market and the reality for shareholders in Barratt Developments. Chris Bailey writes HERE

Those developments in both countries are significant since it is stated Net Present Value currently “approximates a c.50/50 split between Ethiopia and Saudi Arabia” and that Kefi’s market cap of approximately £32 million represents just 8-14% of the development projects NPV.

David Beckham’s Cellular Goods merger off – it's now a full on cash crisis writes Tom Winnifrith HERE

With still also abundant exploration potential, we look for that gap to NPV to be significantly reduced on Tulu Kapi financing closing to enable full project launch and there is also “in Saudi Arabia during 2023 we focus on the Definitive Feasibility Study and project financing for Jibal Qutman, the Pre-Feasibility Study for Hawiah and the regional exploration programme”.

Bens Creek – an after hours share dumping stinker: the stench of Adam Wilson is everywhere. Read HERE

Though an admitted “much longer period than we had anticipated” for project development demonstrates the clear risks, with clear progress being made in Ethiopia and a recent drive to expand Saudi Arabia’s domestic mining and metals sectors which has led to heightened interest and could directly benefit the shares with a dual-listing on the Saudi Exchange being examined, we continue to consider that these shares could treble or more from here on delivery of the above. With the current vast NPV discount, our stance on the shares (which a team member here also owns) at 0.8p is Strong Buy.

This article first appeared on HotStockRockets - to catch the next red hot share tip from the HotStockRockets team for just £6.06 click HERE

Filed under: Kefi Gold & Copper, Versarien, Barratt Developments, Cellular Goods, Bens Creek

2023-02-08 14:39:24

Latest Tips