Kefi Gold And Copper Share Discussion Threads

[smackeraim] 03/2/2020 10:25

7 trading days until ANS meeting. I reckon there will be an SA RNS in between. Get your buying hats on imo

[smackeraim] 03/2/2020 09:30

Buyers are back

[bejubiant] 03/2/2020 07:20

Thanks Divmad.. my approach is fairly simple - do nothing. I am holding c. 2% of Kefi ISC for the longer term (a considerable investment for me) with an eye on medium term dividend policy and stock appreciation over this timeframe, the only caveat being.. unless a sizeable, acquisitive trade buyer accelerates matters beforehand, which is entirely possible in either geography (co terminus or otherwise) IMHO.
I am looking forward to getting Q1-20 in the rear view mirror. It will also be helpful to long term investors when the stakeholders demographic skews more toward those who want to hold equity over time.
GLA

[oilisgold] 03/2/2020 06:32

Lets see what this week brings. We know meeting is next friday and very likely if all goes to plan RNS Monday in 2 weeks time. In AIM 2 weeks is a very long tine for traders . Hopefully we won't go sub placing price this week as next week i expect traders to start buying back .

[robjm66] 02/2/2020 21:17

Will not take two years to understand some of KSA potential and how a mine can be more easily funded than a mine in Ethiopia due to loans from the government and kefi already having a partner there.



hxxps://www.sidf.gov.sa/en/MediaCenter/news/Pages/news76.aspx

[aircomm] 02/2/2020 15:52

Interested in views as to how the share price is likely to behave, aside from the obvious that none of us really know.

My thoughts of the most likely scenario:

1. We may hit lows of 1.25 next week.

2. The mid-Feb meeting may be a success, prompting highs of 1.95 but with sellers keeping the share price out of warrants trigger territory.

3. The first tranche may arrive late Feb/early March.

4. Post-first tranche, we may hit highs of 2.95 (with consolidation in the 2.00 to 2.95 range).

5. There is an outside chance of dipping below 1.25 (due to lack of Plan B and worries over ANS) and going above 2.95 (investor exuberance) in the near term.

6. We might need to wait to sometime in 2022 before going much above 3.95, by which time TK should be well developed and the full extent of KSA’s potential understood.

7. Beyond 2022 looks impossible to say anything meaningful, aside from being in an unrecognizably different trading range to present day.

8. We could still get taken out by a major somewhere between 2.95 and 3.95. Sub 2.95 doesn’t sound enticing. Above 3.95 feels unrealistic in the next couple of years.

Views welcome!

[smackeraim] 02/2/2020 12:33

https://twitter.com/smacker_aim/status/1223925100283617281?s=21

[divmad] 02/2/2020 12:26

You stick with your strategy, Bejubiant, and I'll stick with mine. I've done quite well out of trading Kefi in the last year, and have a pretty good idea how to capitalise this year too.

[bejubiant] 02/2/2020 11:06

We cannot assume to know the broader financial position of major stakeholders and from that deduce the likelihood of their selling shares prematurely here?
Having met the senior team I believe they have a more far reaching resolve and I do not expect a flood of uber cheap shares anytime soon. We will know in a few weeks, but after all this time, and with an eye on the bigger, medium term prize, I see 2p offering little resistance. GLA.

[divmad] 02/2/2020 09:31

Do the directors have the cash to exercise their 2p warrants without forward selling them, like A.N.Other PI with access to a friendly broker? If they aren't taking cash salaries now, I would submit that they don't. Hence you must expect some sizeable director transactions this Spring. That's all I'm saying. Of course for their major holdings they will, and should, play the long game.

[bejubiant] 01/2/2020 21:27

A good point GH.. unless you were desperado for cash you’d be absolutely holding shares as a director. No better vantage point for a look forward perspective on share price than the board...

[goatherd] 01/2/2020 19:17

Divmad,

For the record NONE of the current Directors have EVER sold even a single share.
(The only director who has ever sold shares was Plimmer - who is no longer a director.

So perhaps they will not be wanting to sell?

[divmad] 01/2/2020 17:20

The secondary market in Kefi will have to be damned deep to absorb some 49mn shares awarded to directors and employees, so they can use the proceeds to exercise the warrants at 2p. Not saying it can't happen, but it's going to need wonderful, sustained good news and sentiment here.

[whatnow1] 01/2/2020 10:10

I have topped up(averaged down ) numerous times and came close to topping again at 1.10p up to 1.50p recently.Wish I had.Unfortunatly bought most when(spiked)twice at over 2.10p and 2.30p a while back.Got some at .75p,.92p.98p and 1.49p Average just under 2p.
Read the rns`s,newspaper articles and watched the interviews again.
The TK and SA are too valuable for EG,ANS and Kefi to let go.
These projects are ginormous and since HAA and his cohorts have millions of shares(money) invested and wouldn`t have converted wages recently if they had any doubts of a successful conclusion.
Peeved that first tranche was not passed over, but it`s Africa and these things are part of the course.
gla.

[scrappycat] 01/2/2020 01:44

None of you detractors seemingly Has a clue regarding the actions necessary to ensure the survival Of an AIM listed company. I do not claim to, but I have been invested in many an AIM listed share over the past 20 years. From memory, not a single one of them did not resort to varying degrees of dilution. There is, in reality, little, or no, option. Bemoaning the fact serves little purpose, but I suppose it provides some measure of solace.

I am a long term holder, and, despite what some here post regarding dilution, I anticipate being significantly wealthier following the opening of the mine. Well done Harry, for keeping the lights on. Had he taken notice of many a post on this thread, I doubt I would be in the happy position I am now.

[chopper harris1] 31/1/2020 23:29

Those shares were part-remuneration for part-deferred salaries and fees for some of the directors and management. I'd be very surprised if Harry wasn't regularly drawing the bulk of his very generous £30k plus a month.

The last lot of raised funds must be very steadily being worked through. This is a pretty expensive company to keep going at present....£500k a month, I understand?

[digger2779] 31/1/2020 23:02

chopper - taken from the placing RNS -- "49,419,600 ordinary shares representing an aggregate value of GBP617,745 which are intended to be granted to certain directors and management of the Company to satisfy accrued fees and salaries (the "Remuneration Shares")."
I assumed salaries not paid. The point I was trying to make was that those shares will be sold to take advantage of the warrants which hopefully will look cheap come end of April.

[chopper harris1] 31/1/2020 22:22

digger2779,

What makes you suggest that Harry hasn't been paid for a while? I would suggest that one of the few consistencies with KEFI over recent months is that Harry continues to draw an over-inflated salary for presiding over a company which produces not a penny in revenue and will remain in that position for many, many months to come.

Where do people think the money has gone from the regular, dilutive placings other than on administration expenses, which includes Harry's salary and expenses plus the costs associated with his other directors.

And, oilisgold, yes we do have yet another timeframe of two weeks but I reckon we've already been primed for yet another delay for the delivery of ANS funding. I don't like that word "expected". The share price is languishing because KEFI continues to be KEFI.

[bejubiant] 31/1/2020 20:25

I believe you are broadly correct on all of that OIG.
The fact remains that this has been handled very badly over time.
Still... we have a very positive period ahead of us, so continued patience is the order of play and it’s quite likely that the share price will be a long way above 2p by month end.

[gooner1886] 31/1/2020 19:08

Oilis fraud :-)

[oilisgold] 31/1/2020 19:07

Whatnow, we now have a timeframe of 2 weeks, so traders know when to buy back in. Next week very likely we will.have low volume days and MMs will lower the share price but once again the following week we will get the traders back to generate volume. Its how it works. I am confident after the Friday meeting in 2 weeks we will get RNS stating funds been released.

[delta0091] 31/1/2020 17:53

18 Dec 2006 = c 89m in issue

Prior to March 1 2017 = c 4 billion shares

1 March 2017 post consolidation = 229m in issue

now = 1.2 billion shares in issue.



so from 18 Dec 2006 of c 89m shares

to (pre-consolidation) now c 20.5 Billion shares.


A perfect example of how one can get wiped out even though the company hasn't gone bust.

[digger2779] 31/1/2020 16:18

whatnow1 - think the mm's have their pound of flesh every time an RNS is released. Can we expect T20 trades soon?
Serious question, assuming the share price gets to 2p before the new warrants expire then presumably the directors, contractors and entourage will most likely sell some of their 1.25p placing shares at a profit in order to exercise their warrants? Harry's warrants would cost him about £120k and he will have to find the money from somewhere if he hasn't been paid for a while.
I suppose the only good thing is the warrants money goes into the company and not the market.