Kefi Gold And Copper Share Discussion Threads

[cjm681] 22/11/2019 13:45

@shortarm - was that directed at me? "Missed out"? Doesn't make any sense at all I am afraid

[shafaq] 22/11/2019 13:45

Dont think there is any deadline given but rather peeps expectations and anticipation.Everyone for their own really whether in or out and thus taking your chance.Early oct rns they had hoped funding would start construction in November so again there is anticipation of funding soon on those timelines again.

[shortarm] 22/11/2019 13:42

Feeling missed out are we?Don't be sad - still massive upside from here......

[cjm681] 22/11/2019 13:40

@adrian1001 - more dilution is a very real possibility. When you consider that this company have failed to meet any RNS deadline, I am expecting this to be missed too. Anything could happen to delay signing and ANS coughing up money. In fact, some may say this is inevitable.

[smackeraim] 22/11/2019 13:20

This is undervalued as we will soon see. Take for instance RBW flying today - which I'm happy for anyone holding by the way - but market cap is roughly on par with KEFI. No cash, struggling to mine profitable.. not in a highly popular metal like Gold.. no Government backing partner.. just licences and more drilling at shareholder expense. KEFI's market cap will be a thing of the past when this funding arrives. Take advantage imo. Dyor etc

[divmad] 22/11/2019 13:00

On the basis that the monthly burn is £250k or more, then yes.

[adrian1001] 22/11/2019 12:54

Sympathy with all the LTH like me who has a silly average. I have waited until now to buy more and hopefully that will make amends for the huge loss for me. Am I wrong in thinking that unless we get the ANS money very soon we will run out of money and therefore have another dilution? Regards

[scrappycat] 22/11/2019 12:52

Cant speak for others, but in my case, it is certainly not over-exuberance. I have been involved with this share for many years, and I am well aware of the background. I am also well aware of its potential.

[andysand] 22/11/2019 12:47

They'll arrive soon enough. This is the first time in the last 3 years we have started to see direct announcements from the government including photo ops with Harry and mentions of him in government announcements. We really are in a very different place now. There will still be red tape though. It's just a fact of life.

[ianf67] 22/11/2019 12:41

Bought in at 1.16. Tidy profit already but share seems stagnant at the moment. Will this rise above 2p

[joeblogg2] 22/11/2019 12:35

Yes agree chopper, lets hope soon as the quicket they get a move on the the quicker it will be up and running for them to get a return!!!

[chopper harris1] 22/11/2019 12:32

Good luck to you JLWilliams. I hope you reach that break-even target some day but I’m just feeling a tad concerned at this outbreak of over-exuberance.

We could really do with those ANS funds arriving soon to build on recent momentum.

[jlwilliams] 22/11/2019 12:24

and then i will have a whole new dilemma lol. Sell up, and start taking income from my SIPP... or hold and risk...

[scrappycat] 22/11/2019 12:22

Maybe not even on a spike if Kefi manage to hike the JORC figure significantly in the short term.

[andysand] 22/11/2019 12:11

Should be no more than a year. Maybe sooner on a spike.

[jlwilliams] 22/11/2019 12:09

Average now down to 10.5p. I think that will have to do. Wonder how many years it will take to see share price at that!!!!

[scrappycat] 22/11/2019 12:03

Via the Mining Conference, and press releases, the EG have made it quite plain that the Kefi mine WILL open. To fail in this regard, would surely lead to a dramatic loss in international credibility. Not something they would want if they seek to improve the economy. As I said, I consider the risk miniscule that the mine will not open. However, another coup...….?

[mam fach] 22/11/2019 11:15

Been a boring week here.
Not so in other circles.
Election been overshadowed by events.
What a spectacular change from the B word.
Lets hope it's Kefi's turn to capture the limelight next week.
GLA

[scrappycat] 22/11/2019 10:59

goatherd,

NOBODY, I hope, is advising willy nilly averaging down, but in Kefi's case, given JL's previous exposure, it is the common sense thing to do. The risk is surely miniscule

[jlwilliams] 22/11/2019 10:46

Yes, i agree goatherd, which really is why i have waited until now. Earlier it could have turned out to be throwing good money after bad. This time i think my top up will make money, which will ease the pain. I won't be selling out, it would be nice to get back near level and I dont mind waiting say 5 years.... but not 10 !

[goatherd] 22/11/2019 10:41

I am not convinced that the idea of "averaging down" is much help in making investment decisions. In fact I think it is actually unhelpful.

It seems to me that the main thing to think is "Is a new investment in this share, at this price, likely to be profitable or not?"

What is past is past.

[etocwen] 22/11/2019 10:07

Top up 50% now and 50% on monday. Good average

[scrappycat] 22/11/2019 10:06

Good luck with the trading. Personally, I view this as a long term hold. The EG seem set on increasing mining in Ethiopia, and Kefi are on an inside track. The current reserves figure, will, I am sure, prove to be very conservative in the future, and the share price will escalate accordingly. DYOR.