Kefi Gold And Copper Share Discussion Threads

[jlwilliams] 29/4/2021 18:24

he MIGHT have meant, aw what a shame, hard luck.... you don't know. not really a post to give a thumbs up to was it, that would be just toooooo cynical !

[theaviator] 29/4/2021 18:00

If you can't help others in this life and show your own mistakes and why what can you do eh? Mind you - not to many with integrity on these bbs. https://ibb.co/Xb1BGbF

[theaviator] 29/4/2021 15:04

I made a huge mistake on the Dax with a triangle breakout long. Trying to catch it as broke out rather that wait for the damn thing to close. Stupid and greedy as didn't want to miss the gains. Costly mistake. Look what happened...https://ibb.co/HhdbP67

[theaviator] 29/4/2021 14:55

Yes they just show an interest really Rich1e. Nothing wrong with your reading. Spot on.Also tech analysis isn't as daunting as it sounds, and a nice tool to add to the box. Start with major trend lines and support zones and look at how they respond when price hits them. Keep at it.

[taxlosstone] 29/4/2021 11:48

hairyback2

Good to hear from you but disappointing that you have not ended with those 4 letters that you have made famous. Are you coming over to the dark side? :-)

Regarding placings, etc that is pretty much par for the course with explorers, surely? Mind you, I am not condoning all of the actions that we have had to endure. I would never voluntarily do business with the likes of Lanstead, Sanderson & their ilk. :-(

[hairyback2] 29/4/2021 11:25

mes,i have to agree re the rights issue or lets say the word.....'dilution'.
it would be too depressing (and pointless) to re-visit the total dilution suffered by LTHs of 10+ years,or 12 in my case,but it would be north of 50 fold,excluding the consolidation.
any KEFI LTH must have leather skin and/or an as yet unidentified neurological condition,to have held on with all testicles intact.
the fact is that it is almost certain that the KEFI as we know it today would not exist at all if those infuriating events had not taken place.
whether they could have been dealt with differently or errors were made by management that caused the rape and pillage of PI investors,is debatable but we must accept as totally irrelevant.
however,they will be aware that anything more than a 'nominal' dilution must be avoided,if they intend to honour the ubiquitous pledge regarding decisions being made 'in the best interests of shareholders'.
it works both ways - we cannot be happy to accept a rather extraordinary success in increasing the attributable parent ownership of TK to 75%,if it means a nominal dilution to our holdings,as long as there remains a significant net benefit to shareholders.
we must also take into account and applaud the positive actions by the company whilst we have all been waiting for TK funding to be finally nailed down - the NPVs within the last RNS say it all.
they are particularly interesting as they also quote theoretical share price values at c.14pps,which must be based on the current 2.2bn shares in issue.
it would be rather insidious to quote that figure in the certain knowledge that dilution was around the corner,and the share price upon funding (and dilution) would certainly be somewhat lower.
that would be cynical,surely not ?
overall,none of us would be here if we did not believe the story,and must be honest and accept that in reality there is no decision to make,other than to buy more or not - we cannot sell now.
i will continue to buy as funds permit simply because imo there is no such thing as owning too many KEFI shares...............besides i must insist on retaining my 0.7% ownership as its my lucky number !
the very best to you all
HB

[mesb48] 29/4/2021 10:04

I wish slide 6 of the recent presentation was clearer. Tried reconciling it back to recent RNS info but struggling. Anyone think they have done it?

Think the $70m mining contractor number is a red herring - from the webinar Harry said that referred to the value of the mining fleet on a schedule of rates contract.

So what is left on that slide prima facie indicates there is a minimum of $185m already lined up and maximum $230m - so if the funding requirement of $221m excluding sustaining capital/closure costs still holds, it's maybe enough and maybe not.

With the clock ticking, the likelihood of some sort of rights issue as part of the closing process has gone up in my view - think his words in the webinar on funding were sufficiently vague to allow any scenario.

[exiledweegie] 29/4/2021 08:31

Yep! Although because the grade is increasing with new drilling, HAA said that this changes the economics of the mine and they can justify starting work without having to fully define the deposit, and just upgrade the estimate as they go.

[pensionplanner] 29/4/2021 08:29

I recall some heavy hitters here mentioning they would get together and force Harry out if the deal wasn't done in May? When is it now? July?

This deadline lengthening might be some sort of a virus on Kefi.

A rename for Kefi....Dreamland Resources?

Meanwhile some are still getting paid for coming up with new target dates, getting them attributed as successes whilst shareholders extend their dates too.

[shortarm] 29/4/2021 08:26

And if the resource doubles (hasn't it pretty much already?) the NPV moves to nearly 400 million?

[exiledweegie] 29/4/2021 08:23

Topicel, in the webinar, Harry said the 14p included Hawiah valued at the initial maiden resource estimate (so NPV of only $96m), and not with the updated drilling results.

[topicel] 29/4/2021 08:18

Hi Estseon,

In your post 12266 you referred to the NPV estimate at 14p. Is that, as so often by the company, just the TK calculations and not giving much away for the Saudi potential (or even the surrounding and underground Ethiopian prospects)?

The carrot is still substantial and this donkey really wants us to begin nibbling at it...tantalising or what?!

Topicel

[rich1e] 29/4/2021 07:05

Cheer’s aviator, the two measures that I’d chosen supposedly show money inflows or outflows in a stock. Both, in my view, are looking positive, with a notable trend. I wasn’t sure if I was reading them right or of their validity. The bottom line is if money is entering a stock, then the share price is going to react sooner or later. Good day all.

[theaviator] 28/4/2021 21:40

Hi Richie, Yes the volume does indeed seem to pick up - the two weekly candles of 4th and 11th Nov you will see a huge volume surge especially. It does more often than not dictate an interest change. This happens but technically there is nothing better than classical charting and price action.I've posted a monthly chart here and you will see what I call the Stiletto where price starts to level and round off after a heel. This is the same nomatter the time frame so as long as the 1.41 area holds we should be okay. This will hopefully just tickle along now until June or the annoincement we all want. This month the price was rebuffed of that pink indicator so ideally a nice solid close above that and away we go. Third time lucky and if that means June then am fine with that. One thing I'll say is that there seems to have been enough interesr in Kefi to keep the share price relatively stable. I guess many do realise when the funding is finally signed off the share will most probably rerate so any dips have been getting bought heavily. I tried this morning and there was no change to buy low.https://ibb.co/nPMZ247

[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.