Kefi Gold And Copper Share Discussion Threads

[riotinted_specs] 28/4/2021 20:45

Hey fairvalue ignore the small trades on both buy and sell sides. Market makers always charge more or pay out less for those ones. These prices are not a true indicator of what a proper trade would be at the time

[jlwilliams] 28/4/2021 19:08

Aviator is your man for that Richie

[rich1e] 28/4/2021 19:07

I not sure how valid charting is, with these penny stocks, but here on Advfn, if you put up a 3-year Kefi chart and overlay ‘on balance volume’ (volume on up days, against volume on down days) there’s a distinctive rise in the trend from the time that the share price bottomed at the end of 2019. Also, a measure called ‘Chaikin Money Flow’ over the same 3-year period starts rising for the first time from October last year. I don’t know about the relevance or validity of these measures, but any chartists who are familiar with them, then I’d be glad to know your thoughts.

[rich1e] 28/4/2021 18:46

Very true Divmad, a defining month coming up, it would be good to see the good news start flowing next week. Once it starts, I can’t see it stopping. I have rounded up a couple of my accounts today, that’s me done now, I'm good news ready. So, it’s down to Harry once again.

[divmad] 28/4/2021 18:38

If I remember correctly, folks on here and in the other place unanimously thought Harry came across very confidently in the last webinar as well, so it doesn't mean anything for the timing of the sign off.

[rich1e] 28/4/2021 18:24

In response to fairvalue’s observation about the share price spiking in the morning and the drifting lower. My opinion, for what its worth, the target audience for these penny shares may consist in a large part of traders looking for quick gains. The first fifteen minutes is probably the period where decisions are made. An share price that starts strong, with a tight spread, and starts slowly moving up would probably tempt a few to buy. Thus an share price with a wide spread, where the ask starts falling sets the tone for the day, buy now and you’ll lose money, wait a while and you’ll buy in cheaper. After the first 30 minutes opportunists will have moved on. MM’s move the price to match buyers and sellers, that’s what they do. As such I always think that if the price movement puts off buyers, then they probably have enough buyers already.

I did post a couple of weeks ago that we might see a 50 million trade, that wouldn’t cause a ripple in the share price Not quite there yet, but I did notice that on Monday, 24 million was reported from last Friday (3 x 8 million). Probably still more to come in my opinion.

[1deedee] 28/4/2021 16:56

I for one fault the video blog was great, he looked confident and let's face it we've only got 8 weeks to really know what's going on just found this though

Copper was once again approaching the pivotal $10,000 a tonne level on Tuesday, jumping to over $4.50 a pound or $9,940 a tonne in New York amid über bullish sentiment and renewed supply worries in the world’s top producing region.

[estseon] 28/4/2021 16:40

I agree fully, aviator. But, because these agreements are inter-linked, once these 'ducks' have been finally lined up, they should be shot in relatively quick succession. The 'commercial guys' will be anxious to get the docs finalised before any of the bloody lawyers finds something else to inflate his time charges with.

[rich1e] 28/4/2021 15:00

Tuesday next week, first day for the markets, would be a good day for the first signature and a name. Start the month of May off as we mean to carry on, hopefully 2.5p can become the new 2p.

[theaviator] 28/4/2021 14:55

Estseon as ever good reasoning BUT first things first, lets get these signatures. Walk before run...

[estseon] 28/4/2021 14:31

Those planning to sell in June could miss out on the subsequent enhancements. To me, the big addition would be one of the satellites because of the ability to add to initial production for very little additional capex.

It is pointless deciding now what you may do in the future. There is point in starting to work out for yourself what might be fair value.It will be a bit of a fluid figure until we know the final minority interest. We also will need to know whether the reserved exploration licences will be subject to minority interests through Kefi Ethiopia (minimum 7%). We also need to know how much dilution there will be from issue of parent company shares.

Nevertheless, with their estimate of NPV at about 14p, there is considerable room for the price to multiply regardless of any of those variables. Also, the company has a habit of discounting NPVs to present (not to the date of commecement of production), which I find pretty damned meaningless. If they have done that, anyone discounting their figure for time and risk to present day will double discount.

[belfastboyo] 28/4/2021 13:53

I wrote to Harry a while back and expressed my deep annoyance/frustration with past and present position...maybe others did the same...I found his tone this time more humble and at least recognising shareholder frustrations...and Yes I too hope that this time he/they do actually deliver to their promises..so I will wait to see if actual results follow the words...let's see what happens in May and then June...I will wait till end June at least...I still own all my shares and have no intention of selling them at today's ludicrous SP/market cap...

[katsy] 28/4/2021 13:45

@Richie yes the bid has remained stubbornly below 2p. Hopefully it'll rise up in anticipation before you're all let down again.. That is if another dilution doesn't ruin my plan first. Trust is a big thing with me, I no longer trust Harry, end-of!

Edit: I will keep some in for the ride

[theaviator] 28/4/2021 13:17

Hi BB, , Tbh I quite enjoyed it too. Am going to stay the course until end of July just incase which isn't too long to wait in the grand scheme. Let's see.... I promise to behave myself until then. I will survive taking a hit on it if need be but I do feel very sorry for LTH. I truly hope it comes in for you.

[belfastboyo] 28/4/2021 13:07

Whilst I remain a bit of a doubting Thomas on taking Harry's words as gospel (versus his ability to deliver to them)...having listened to the Kefi operational webinar last night I was encouraged somewhat by Harry's statements that:1. Various updates on financing will come through May & June..2. Finance Closure still planned latest for end June.3. No fund raising (for Kefi) aka further dilution will happen before final finance closure.4. NPVs potentially x8.7 times current market cap

[rich1e] 28/4/2021 12:46

Not long to go for your 2p sell price now Katsy.

[katsy] 28/4/2021 12:29

2015

Within the presentation it looks as though Harry has moved the funding targets again.

2016

Within the presentation it looks as though Harry has moved the funding targets again.

2017

Within the presentation it looks as though Harry has moved the funding targets again.

2018

Within the presentation it looks as though Harry has moved the funding targets again.

2019

Within the presentation it looks as though Harry has moved the funding targets again.

2020

Within the presentation it looks as though Harry has moved the funding targets again.

2021

Within the presentation it looks as though Harry has moved the funding targets again.

[pensionplanner] 28/4/2021 12:24

Within the presentation it looks as though Harry has moved the funding targets again.

March, May......when now?

[theaviator] 28/4/2021 09:44

What a nice little opportunity there earlier

[mick1909] 28/4/2021 09:33

The most is 4.5 million @ 1.893p tried more but will go at best price then

[shortarm] 28/4/2021 09:08

Smoke and mirrors- the only thing I currently take away is that I get an instant offer over the published bid for 3 million shares in one go......

[fairvalue] 28/4/2021 09:01

We're seeing the same pattern every day with the share price, a spike in the morning followed by a downward ratcheting for the rest of the day.

I did consider if this was financiers buying in but perhaps that's a bit naive or just plain wrong, so I wonder if any technical analysts (or just anyone smarter than me) could shed any light on this?

[shortarm] 28/4/2021 08:50

And after so many pints Harriet looked like a model? Right? :-)It all ended with everyone happy lol