Kefi Gold And Copper Share Discussion Threads

[matthew stone] 14/5/2021 19:05

Hopefully not, but if anyone is as frustrated as us at the glacially slow pace of all this, it would surely be the EOG - this is supposed to be their flagship, after all!

Maybe the fact mining cos are now under heavy scrutiny will prompt some sort of update next week - although no-one's expecting everything to be wrapped up yet, surely there must have been progress of some sort in the last few weeks?

[estseon] 14/5/2021 17:29

Paper gold might iron out ripples but it won't stop a tide.

Speculators taking derivatives feed that market but investors seeking physical metal, directly through bullion held in vaults, or indirectly through ETFs buying bullion, will force the price upwards if there is a concerted move into gold.

As only about 20% of production goes to investors, the bulk of it being used for jewellery - much of it hideous and representing just a store of wealth, it would not take a vast move into gold to significantly move the price. Look at previous price explosions. Just look at last summer when it was thought that the pandemic had been beaten after the first wave. This time around, we have the vaccination rollout programmes.

[robjm66] 14/5/2021 17:22

Was not even subtle on Wednesday was spiking up then suddenly down.

[mick1909] 14/5/2021 17:16

Bullion Bank Pump-N-DumpMay 12, 2021Though we’ve seen this trick countless times over the years, it never gets less frustrating…

[goatherd] 14/5/2021 16:23

When you set up your development company, presumably you were optimistic about its chances? Did it turn out how you expected?

And I have never blamed the Ethiopians for delays. Actually I have never blamed anyone. There can be situations where no one is to blame.

I have criticised the choice of death spiral finances on Harry - but actually that is not fair either; there may have been no choice at all.

Finance is vital to develop mines - probably harder to get than finding the minerals in the first case.

[goatherd] 14/5/2021 16:23

When you set up your development company, presumably you were optimistic about its chances? Did it turn out how you expected?

And I have never blamed the Ethiopians for delays. Actually I have never blamed anyone. There can be situations where no one is to blame.

I have criticised the choice of death spiral finances on Harry - but actually that is not fair either; there may have been no choice at all.

Finance is vital to develop mines - probably harder to get than finding the minerals in the first case.

[sussexlibran1] 14/5/2021 16:17

@goatherd - no, only a Ltd Co for my software development. Pointless to ask though - it has no relevance at all. We aren't talking about my competence, we are talking about the competence of the Kefi BOD. You can't keep blaming the delays on the Ethiopians.

[rich1e] 14/5/2021 14:20

If someone were quietly buying, restlessness, uncertainty and boredom are part of game, otherwise it doesn't work. It's not All rose tinted I agree that Harry doesn't meet his own timescales, and is p!ss poor at managing investor expectations, leaving me to wonder his effectiveness in other areas. Time will tell

[rich1e] 14/5/2021 14:11

Tops we don't know the buying interest for sure. At Atalaya Majedie bought about 5% of the company on the open market, I think around 6 million shares in an illiquid stock the share price didn't move, went down if anything, it must have taken many months. What we know is pi's are standing off but that might well be to the advantage of someone else. Time will tell

[topicel] 14/5/2021 13:59

Rich1e - as already pointed out, most won't be rushing to the exit because they would only crystalize their loss(es).

What has constantly surprised me is the complete lack of real buying interest as we seemingly move towards owning significant shares of big mines.

You would think that people were concerned about something? I mean, the 'value' here is so incredible, is it not?

As for the three year chart, like QE, is anyone counting the extra shares in issue when making that judgement, and those still in the kitty as options and delayed payments?

And let's not consider lost opportunity costs and the real inflation impact of standing still if you were one of those who've held three years.

HB2 told me four years ago it is all about the funding here. The usual Olympic cycle no less, and we are still waiting for our gold medal!

Topicel

[rich1e] 14/5/2021 13:50

On one side you've got Harry who always misses targets and my well do so again. On the other side you've the two year share price positivity, commodities prices, positive comments from the Ethiopian and Saudi governments, job adverts for TK, Saudi drilling results, share options and there is no doubt more. And so it's not impossible, in my view, that some might see a positive investment case which seems to have gone unnoticed in the wider investment community.

[alrotuwa] 14/5/2021 12:58

I put a toe in a boot... but a toe was all I had spare :)

[rich1e] 14/5/2021 12:52

A few million traded daily out of two billion, people are hardly rushing to the exit as last couple of years share price testifies. It would be no surprise if the 4 months at 2p weren't testing the patience of investors, whilst someone were filling their boots

[katsy] 14/5/2021 12:30

fairvalue, being in the share is like being stuck in ground hog day.

Let's see if we both post the same two lines again in three months time.

[rich1e] 14/5/2021 12:17

I feel for the long term holders, it's real money, people's investments at the end of the day. A bright side, on a three year chart, it looks like anyone investing three years ago is just short of breaking even. Investors over the last two years are showing a profit. And so despite lack of funding and dilutions, it would appear that there is still an investment case. The share price wouldn't have shown strength if outflows were greater than inflows over that period.

[fairvalue] 14/5/2021 12:17

I'm surprised you lot don't get tired of repeating yourselves

[sussexlibran1] 14/5/2021 11:55

@goatherd - erm, I suggest you do as well. When you issue an RNS saying the funds are "unconditional" and "imminent", and then the deal falls through, that's pretty bad, no?????? A competent CEO would not issue such misleading RNS statements. At the very least due diligence was not done, and putting those words in an RNS is misleading at best - some would say blatant lies.

[sussexlibran1] 14/5/2021 11:43

@goatherd - splitting hairs is futile. The fact remains that he hasn't delivered anything at all and has missed every "hopeful" deadline. He is lacking in integrity and honesty big time.

[goatherd] 14/5/2021 11:40

Actually I do not agree that he "promised".

He merely expressed his "hopes", and, like all AIM CEOs have to be he was overoptimistic.

I challenge anyone to show where Harry has "lied".