Basically the financing should* be sorted October so could be a nice jump soon.
I’m expecting Monday an RNS re the Saudi project
Kefi Gold and Copper (KEFI), which at 2.41p is valued at £33 million. I focus on its 2 main projects. In Saudi Arabia we will within the next two weeks get a Preliminary Economic Assessment of its Hawiah which will give us an idea of its value. Kefi will have to raise just $16 million to get this mine into output within three years and its stake is 34%. Boss Harry Adams made it very clear in my 9th episode of my new 3 hour video shows that Hawiah could be worth far more than the Tulu Kapi gold asset in Ethiopia. My guess is that the PEA will steer towards an up to $200 million value for Kefi’s stake. Now compare that to the current market cap and see why the PEA could drive a massive re-rate. Then there is Tulu Kapi. Kefi’s stake is 45% but may rise to 50% as financing talks conclude. Using a $1300 gold price, 45% of the mine has an NPV of $93 million. So what is it worth on 50% and with a $1500 gold price, which is hardly reckless? I suggest closer to $200 million than $100 million. In that video Harry said financing will be finalised by early October and that will drive a big re-rate too. So there are two big catalysts for a re-rate which based on fundamentals should be massive. This stock - of which I am a loyal holder - should be trading at c5p and within a month it very well could be as the market wakes up.