Kefi Gold And Copper Share Discussion Threads

[1jbrisky] 09/11/2020 17:55

Have been holding, and increasing since June & the share price has come back to my average price today.
Thing is, last week and yesterday when gold was bouyant all my other Goldie's did well, but Kefi was in the red. Today, when gold has had a sh1t day, my portfolio has been shredded but the biggest % loser has been Kefi.
Leads me to the obvious conclusion that the market (or the market makers) genuinely believes that Kefi is not gonna be producing gold anytime soon.
Ok, so I've not been here long in comparison to some of you guys, but the problem does seem to be that no-one believes Harry. I'm still holding and hopeful, given much of the evidence points towards funding having a positive outcome, but I'm not prepared to wait the years that some of you have. Harry, sort it out or move on

[belfastboyo] 09/11/2020 17:42

imho gold/silver PGM's will bounce back quickly once this short sharp selling wave is (over) done. The whole risk on/risk off trade is a nonsense when viewed against the reality of record trillions in unpayable government debts, corp debts, personal debts. The big banks in COMEX no doubt used the Pfiser news to dump price to scare the horses (and cover their shorts).By unplayable i mean without diluting fiat currencies against gold (aka real money) & a global economy which is still in dire shape...if you fall in a hole 20 feet deep rising up 5 feet still leaves you in a deep hole.... & more money creation/printing in 2021/2022 is inevitable...BOE just loaded another cool 150BN GBP last week....and they ain't getting that from taxes anytime soon.

Ditto how does Joe B becoming President make the US/World economy suddenly miraculously better....doesn't he want to massively raise taxes (deflationary) but spend trillions more on eco renewals/giveaways etc? (inflationary) and doesn't he want to be a lot more aggressive on COVID (so more restrictions/shut downs etc)? Sorry, I ain't buying the V shaped recovery narrative at all....

On Kefi, as a long, long suffering LTI, I will await news on closure of funding (i hope) before the end of year OR Harry coming back with more excuses on another missed deadline (I hope not)....but if the former, then a x2 or x3 share price jump is likely....and on the latter well....as we are valued at <30m so even if delayed again and more/some dilution then whilst I would be furiously unhappy, better that than not getting to a funding close at TKGM at all.

Kefi's in ground assets and opportunity will not have changed (might have improved with Hawiah drilling) so time will tell for us all but I have no fear that Gold & Copper and PGM's will be lower than now 2 or 3 years from now.

[andysand] 09/11/2020 16:53

Remember I said that RBS has a better chance of doubling/tripling than KEFI? I still believe that. I haven't looked here for maybe 6 months. Yet essentially, the posts are the same. Different names, same posts. Funding, funding, funding. To be fair, I missed out on the rise this year. And I have also missed it's journey back. But when I read these doubts about funding, and I look at all the RNS's, I can't help but deduce that really nothing has changed. I wish you all luck. But I haven't missed owning this share one bit.

[richjj] 09/11/2020 16:53

Think Kefi have stated the POG at 1700 should support a far better NPV , subject to funding being met etc and therefore noticeable increase to the current share price . Do people think that assumption is under threat given today’s Gold pressure ?

[reestie3] 09/11/2020 15:53

News of funding, ceasefire in Tigray, plus gold price increase.....all would do wonders to the Kefi share price ......Those who have sold will flock back....just what the MMS want.........

[lhoskins] 09/11/2020 15:38

Definately. Gold and gold miners have taken a beating today. Once everyone realises it has been a massive over reaction things will settle down.

[bashmore] 09/11/2020 15:36

Lots of bears.

Today isn't about KEFI, it's the same KEFI as last month. Nothing has changing to warrant this pullback to the 200 EMA. It's just a case of holding, average down, and don't become part of the panic.

Fighting in Ethiopia, a new president, and gold price plummeting. That aside should be heading into 3s at this point.

KEFI is good at overacting. We all saw the 2.7p to 1.7p, and now the 3p into 1.5p

Hopefully it doesn't take too long to undo this fall, and we can bounce back quickly and doesn't taken another couple of months to be back nicely in the 2s towards 3 again.

[goatherd] 09/11/2020 15:32

Is it possible that today's drop is merely a reaction to the change in price of gold?

Lots of gold companies appear to be down.

[belfastboyo] 09/11/2020 15:23

Lots of bears here will be proved either right or wrong...last Kefi RNS stated planned to close funding before end Q4 2020. Kefi raised 3.4m net end May 2020 & I believe has a WC loan facility of 1.5m....so hopefully enough to get to close....if so, share price will re rate strongly....but if not then it will be another failure & likely another fund raise....we shall see which way it goes soon enough

[goatherd] 09/11/2020 15:22

Great buying opportunity for anyone with balls (or the equivalent for girls).

[glenalmond] 09/11/2020 15:11

Ch1 - "I believe that they get through about £500k (yes, £500k!) a month on administration costs. That includes salaries and expenses."

Yes but does that include Harry's pie allowance too?

[rich1e] 09/11/2020 14:52

digger don't know what type of news. They say price can be faked volume can't. We'll see soon enough.

[jaylett] 09/11/2020 14:42

Placing at 1.5p IMO. HAA fails to source funding once again and we pay for it.

[digger2779] 09/11/2020 14:38

Rich1e9 Nov '20 - 13:23 - 7653 of 7659
Yeah lots of sells so maybe the news isn't what we want to hear. Forward selling for a placement perhaps or just punters running scared because of drop in POG. Drop in POG negligible as we were sitting there last couple of weeks so no prizes for guessing what's coming.

[nick rubens] 09/11/2020 14:23

Wasn't the share capital diluted earlier this year already in a fund raise? Placing at 0.65p for a 25% dilution?

£3.4m net raised and spent already?

[deanmatlazin] 09/11/2020 14:10

Back to 1.5p

Fundraising at 1p/share coming soon

Rinse and repeat.

Big fat Harry should go!

[christopher logsdon] 09/11/2020 14:02

Down 25% FFS

[belfastboyo] 09/11/2020 13:25

yes everything is going to be fantastic now that Biden is in LOL...I'm sure more closing down of economies and money printer go brrrr...in trillions of Fiat currencies is nothing to worry about eh???What's the debt now in US 27TN and climbing at record rates, ditto U.K. 2TN GBP, & Euros & Yen...Oh btw only destroyed 97% of their currencies purchasing power in last 100 years...gold from $20 ounce to $2k per ounce...I'll keep staking

[rich1e] 09/11/2020 13:23

Good volume, news might not be far away