Kefi Gold And Copper Share Discussion Threads

[divmad] 16/11/2019 19:07

On a pullback....

[divmad] 16/11/2019 19:06

If the ANS money doesn't arrive by mid-week, you can count on a lack from here. Nothing is guaranteed yet.

[lgraham86] 16/11/2019 18:56

Looking abit at the TA of kefi its over brought currently.... maybe waiting for a pullback early next week into another rise who knows

[block4gooner] 16/11/2019 18:54

Fun board on the telegram app for share tipshttps://t.me/sharetipsanbaggers

[shafaq] 16/11/2019 18:05

With news of government resolution done in last 4/5 days ago on expected ans funding to follow and together bringing in over 930m volume, just imagine how much volume will we get on ans funds recieved?Could be mega volume and maybe mms scratching to find shares to sell and in turn taking it much much higher to get sellers to off load much higher.

[shafaq] 16/11/2019 17:49

I had hoped to add up to 5m as already have 3m but cash coming in next fortnight.Think when ans news lands in next few days then I dont think I'll able to buy at this juncture but rather will be paying 4s and no way will it comeback again as will keep building from there as each stage is ticked.Dont know where ans news will take it but could be considerably higher than 4p as think cln tap may come to a close and unable to hold back the gains as expect huge volume of buyers coming in and thus taking higher into maybe 5s or 6s.GL all as exciting journey could begin next week.

[tidy 2] 16/11/2019 17:35

Instis will start buying this up soon enough and likely as peeps start derisking at 6p. Lull then long steady climb to true value with production

[oilisgold] 16/11/2019 17:11

AIM can change your life in a blink if you get it right. The key is to let winners run and dont sell too early . If you are not trading and a share doesnt spike then best to stay in trend. If it spikes then best to sell and buy back . I am giving similar advice about VAST as well and PREM. Could be life changing for some in all these shares if all goes to plan

[oilisgold] 16/11/2019 17:07

Its always tough but the price is stable . A lot remember SOLG. I know a few posters there that were invested 10 to 20k at 1p. It went to 40p and many retired. We use to see trades of over 400k and 500k go through. It was life changing.
Just imagine KEFI does the same. Say you have 10k at 2p. At 20p its 100k. Life changing for some. It could happen, but currently i have 4p nailed on here and up to 6p.

[mam fach] 16/11/2019 16:05

Go with your gut feeling. After all we give you an opinion and you don't know us. Think it's good sign price hasn't run away with itself this week. If it had gone to 6p ? I don't suppose you would consider buying. GLA.

[jaylett] 16/11/2019 15:23

Only you can decide when and how much (or even if at all), but you are right that time is the key factor. I topped up near the recent lows, just as the first re-rate started, then added more on the way up, and buying as low as possible is the key because it massively impacts your ability to lower your average. If you're going to act I would say you have to do it before the ANS money lands and the fanfare that will come with it, because that should be another double bag day at the least. Buying below 2p is obviously a much more enticing prospect than 3-4p.

As always, no advice intended, just my opinion. Good luck to you (and me!).

[jlwilliams] 16/11/2019 15:15

Thank you estseon. Because i spent a disproportionte amount of my SIPP fund on KEFI I havent been or felt able to average down over recent years, but now I think is the time to do it, as much as I can. I could do with income, but really, I think I should go for broke now so to speak and buy as many as I can. I've gone without the pension for a few years now, so what's new..... HL have locked me out online, so I shall have to see what I can do by phone on Monday. Need to get a move on if I am going to do this.

[estseon] 16/11/2019 15:06

JL W

most of the LTHs are in a similar boat. Early purchases totalling 380k new shares have an average cost of about 39p and those are likely to be in loss unless and until the market recognises value for Hawiah and that must be a couple of years hence at least. However, 75% of my holding has been bought over the last 2 years and the average cost of those is about 2.13p. But, even if I come out with a profit, I will realise a loss on those early purchases unless I hang on to them for years (even assuming that all goes well) though that loss will be hidden in the overall profit. A pretty sad state of affairs.

[jlwilliams] 16/11/2019 14:57

I have a couple of other stocks/funds in the SIPP I could liquidize and use... thanks for the advice guys, appreciate it.

I guess just buy as many as I can without worrying about the maths of potential too much. Not nice buying to reduce a loss though, rather than making a profit... but i suppose if i got my holding to 15k or somethine like that it could be worth selling up, then taking income.

Examples of amounts and outcomes welcome!!!!!! I think my current average is about 38p (cant access my online account to check at the mo)

[sweetwaters] 16/11/2019 14:50

JLW, there's many of us with a similar story, especially through SIPP's and/or ISA's.

I'm also going to hold, first step TK underway with ANS equity investment and bond financing committed. That should at least stop the rot and underwrite the current value per share.

Next step is upside from release of info from Hawaaih's continued exploration over the coming months.

Thereafter exploration of satellite deposits around TK. Esteon knows this better than I.

So in 6-12 months I think you'll have a better view.

[andysand] 16/11/2019 14:33

I am not usually a fan of averaging down. But in this case, I think the advice is probably right. It probably would take much to get your average down to 5p or so. And since I believe that target will be reached fairly easily, it would rescue your battered Sipp. But the choice has to be yours. There's no such thing as totally risk free.

[jaylett] 16/11/2019 14:30

Same story here, average now reduced to 2.8p. I expect to see multiples on my investment and it certainly feels better being one good day's move away from a paper profit.

Appreciate not everyone has funds to top up with, but if you do, now is the time IMO.

[gibrewog] 16/11/2019 12:54

JL Williams,

I fully sympathise with you as I also have seen my kefi investment crash over the years and the 17:1 consolidation hasn’t helped.
But like others on here I have averaged down (a gamble I know) and recently topped up considerably when the price was less than 1p and my average is now 2.6p.
If you have some spare funds and faith in this company, I suggest now is the time to buy some more to reduce your average and in the next couple of years you may well get your money back and more.
Hopefully when the expected funds have been paid there will be another uplift in the price so if you have the funds and confidence in the company buy before this imminent news breaks.

[mam fach] 16/11/2019 11:53

Sorry for your loss. These things happen and are very painful to accept.
Bite the bullet and buy 300k shares on Monday ( or even more if you have a mind to).
Will do wonders for your break even price.

[robjm66] 16/11/2019 11:46

Well looking four years down the line or even less kefi could have made a lot more discoveries. Has a big exploration area in Ethiopia and could be awarded more licences in KSA. Could be the biggest problem is how to fund them but would expect a higher gold price and other bigger players in the mining sector looking to do JVs with kefi to get into Ethiopia and Saudi.

Suppose its about proof of concept that kefi geo theories are right about the Arabian Nubian Shield area having the potential to be a new gold rush area similar to areas in Australia that have boomed in the past.

[scrappycat] 16/11/2019 11:46

JLWilliams,

I would look behind the sofa big time. I have, admittedly from a less severe position than yours. You have a golden opportunity to bring that average way down, for what is, in effect, peanuts, with miniscule risk. Sometime, in life, it pays to grasp that nettle imho.

[jlwilliams] 16/11/2019 11:02

I have to say I am a bit depressed. It's great to see that this will indeed take off shortly, but I bought so long ago that I don't think I have any hope of getting into profit within say 4 years. It's a big chunk of my SIPP and it's caused me to stop taking monthly income. My 57k is currently worth £2400..... nothing to be done but hold. I would think x10 in a few years is possible, but x24 I doubt. hey ho.

[richsmithsmith] 16/11/2019 10:30

Peter Doyle Australian Ambassador to Ethiopia... Pleased to witness the signing of a MoU on capacity building between the ?? MoMP, Ethiopian Tulu Kapi Gold Mining S.C. & Curtin Uni School of Mines ?? - a step towards fostering a collaborative ecosystem to develop the #Ethiopian mining sector https://t.co/IroyzcIgpbhttps://twitter.com/AusAmbET/status/1195286350783643649?s=19

[robjm66] 16/11/2019 10:05

hxxps://www.kefi-minerals.com/files/reports/2018-annual-report.pdf Page 13 or 14 social licence.

[robjm66] 16/11/2019 10:00

“From a social-licence viewpoint, it is notable that the KEFI-controlled licencee and operating company TKGM is a joint Ethiopian-KEFI company with long-standing community support and a strong commitment to maximising local participation in the workforce and supply chain. TKGM, like KEFI, emphasises transparency in all dealings and compliance with leading international standards for social and environmental aspects including World Bank IFC Principles and the Equator Principles.”