Kefi Gold And Copper Share Discussion Threads

[peverill] 01/10/2021 07:32

Its no tree shake,just a realisation that this is a punt not an investment.

[rich1e] 01/10/2021 07:26

Tree shakes, not something I’ve made up by the way, are when people make investing decisions based on the price. Decisions they shouldn’t make.

[rich1e] 01/10/2021 07:22

On Wednesday, the bid dropped from 1.5p to 1.3p on how many sells jay? Zero. Last autumn the share price went from 2.2p to 3p on maybe half a million in the first 10 minutes. The price can be faked volume can't, as the saying goes. Hopefully the next RNS says that Harry and the locals have kissed and made up. Good day all

[jaylett] 01/10/2021 07:10

How can anyone look at the price chart and honestly, seriously believe that sells and buys have been balanced? It's demented, no other word for it, and if you're investing proper money with that little understanding of markets then I'm afraid you're onto a loser from the off.

[oilisgold] 01/10/2021 06:55

I say strap on and walk away. Come back end of next year and hopefully we be 2 to 3p.

[oilisgold] 01/10/2021 06:54

Sad but things are getting worse . Those that listened to the african news yesterday should know the country is on the brink of civil war.

[oilisgold] 01/10/2021 06:51

Thats why a placing is on its way. The 1.5million needs to be paid , otherwise kefi will no longer be a listed company. We only have just under 100k left by my calculations. Need to raise 3 to 5million. To get that amount a huge disvount needs to be offered. Hence i think it be 0.4 to 0.5p.

[unionhall] 30/9/2021 22:31

topicel, it is in note 10 of the interim results. £1.5m at 25% repayable by 30 Nov or earlier if funding secured earlier. It will be interesting to see what happens 30th Nov.


As an aside I see on Aljazeera that Ethiopia are losing more friends by expelling 7 UN staff this evening.

[topicel] 30/9/2021 22:03

Goatie, you said in post 16,168 :

"I doubt if there will be a placing; he has an existing shareholder (perhaps RAB) lending money to keep the lights on. As KEFI is paying interest at 25% p.a. RAB probably quite like it, and are probably prepared to continue; and it is good business for us; provided, of course, that it does not go on too long."

Is this factual? 25%? How do you know?

Is it not material whatever the rate? I thought the light meter money was attached to shares in lieu at some future date, but I may have got that wrong.

The only thing I know is I said it would be 1.3p again to you a few weeks back...and regrettably I have been proven right - or wrong as it has hit 1.1p, lol.

HAA must clarify early next week what is going on with this 'security issue' and regularly update the market how it is being dealt with and what implications it continues to have on the finalising of the funding. He is never proactive; always keeps everyone in the dark, almost as if he doesn't mind the share price diving...

Topicel

[nash81] 30/9/2021 19:28

i bought in despite all the negativity.

mcap too low 23m for company that about to move towards production. most companies in AIM are pure explorer and years away from production.

war has been going on for many months, so nothing news there, except gvern soldier is actually winning.

the "new security" in RNS yesterday basically about local demanding more money - as mentioned in the podcast - should be resolved within weeks.

yes, Harry is useless in issueing the correct RNS rather than being dramatic using scary words like "security".

and yes, it will be delay, but our share price has been punished more than enough. licence is secure as govn very supportive and they are our shareholders anyway, they dont want this to fail !

so, all in all, we are oversold with mcap tiny compared to our assets despite delay.

hence, happy to buy in today. lets see if share price start to improve or once derampers also bought in as well

[monte1] 30/9/2021 19:15

It is more than possible, it is factual. The almost concurrent bid/offer movements mask the direction of the trades.

Best guide is to follow the money. Price drops indicates lower demand than supply and vice versa.

[goatherd] 30/9/2021 18:43

Rich1e,

It is possible that the Advfn app which decides "buy" or "sell" purely on which side of the mid price the trade falls, is giving misleading results.

[goatherd] 30/9/2021 18:37

Well I am sorry to disagree with some of you, but I have a substantial holding, and I will vote to keep Harry.

The only thing I disagree with what he has done was the death spiral financing; but even then I am not sure there was anything else he could have done.

I do wish he would be a bit clearer on his video presentations though.

I doubt if there will be a placing; he has an existing shareholder (perhaps RAB) lending money to keep the lights on. As KEFI is paying interest at 25% p.a. RAB probably quite like it, and are probably prepared to continue; and it is good business for us; provided, of course, that it does not go on too long.

[goatherd] 30/9/2021 18:37

Sorry about the double post. Something in my computer I suspect as I definitely did not press the button twice.

[rich1e] 30/9/2021 18:34

Today a mirror image of yesterday trades wise, 30 million sells, 30 million buys. I look at yesterday’s news, and I read this board and the one on lse, and I can understand the selling, I really can. If we’re honest a lot of posts were written with that in mind. But if you take those same factors into account, and then look at 60 million buys over two days, then that’s a puzzler. Enjoy your evening everyone

[oilisgold] 30/9/2021 17:32

Quite sad state of affairs here. Feel like this is start of civil war and we all know civil wars can last decades.

[oilisgold] 30/9/2021 17:29

We all know, working capital is now needed just to keep the lights on as the funding hasn't arrived. So it does look like a placing on its way, otherwise kefi will stop trading. Only question now is at what price?. None of us know the real issues. Remember the country has corrupt officials and it could be they are playing Harry.

[taxlosstone] 30/9/2021 17:27

taxlosstone29 Sep '21 - 08:21 - 15946 of 16162 Edit
0 5 1
Time for every single director to make meaningful purchases of shares, not token amounts, as a concrete display of confidence in the Company generally if not TK specifically.
PennStreet29 Sep '21 - 08:24 - 15947 of 16162
0 2 0
They can't. Closed period

I am guessing that the Closed Period" is now over.

[taxlosstone] 30/9/2021 17:25

We obviously need working capital. How many are agreed that if he goes down the death spiral route AGAIN, then he has to be ousted? I think that he should have been booted out years ago anyway but definitely if he gets back into bed with the likes of Lanstead or Sanderson, I would suggest. What do you think?

[theaviator] 30/9/2021 17:10

CEO has to go now

[delta0091] 30/9/2021 17:09

"If there was a placing, then they'd get in cheap anyway wouldn't they? That's assuming it's at a discount."


forward selling, when they know they can settle with stock in the placing which will be priced a lot less. They pocket the difference. Suckers left holding the stock... like the umpteen other placings when similar forward selling happened.

[oilisgold] 30/9/2021 17:07

Not short here. Had these in my SIPP and been here for almost a decade. Lost a lot of money. Used to think our CEO was the best.

[theaviator] 30/9/2021 17:07

*he's spot on