Kefi Gold And Copper Share Discussion Threads

[scrappycat] 12/2/2020 11:43

jaylett,

It is the market makers task, and objective, to create an orderly market. If you believe that, on occasion, they do not control things by manipulation of the share price, then I believe you are totally wrong. In the end, the MMs dictate the share price, not the shareholders. There may be brief interludes where they lose control, but , after the mayhem, they wrest it back again.

[chopper harris1] 12/2/2020 11:43

@1554
Put a sock in it, ffs. You're just making it up as you go along.

Quite amusing, though, that your post received the same amount of 'green thumbs', in a much shorter space of time, than jaylett's far more intelligent and realistic post.

[hraj] 12/2/2020 11:38

We all know that but needs to be positive news and funding to be completed by the Ethiopians. Already delayed several months..anticipation is building again though

[oilisgold] 12/2/2020 11:30

Strap on and buckle up. This will.blow soon. Fully expect 3p to be smashed yo bits on RNS day. Exciting times for kefi holders.

[siriusbizness] 12/2/2020 11:30

Unfortunately I do think the volcano waiting to erupt analogy is a good one as everyone has the same idea and then sells on news and we’re left with a big volcano looking spike. What we really need here is some long term investors who believe in the value of the company increasing as progress is made over the next 2-5 years.

[jaylett] 12/2/2020 11:16

Stop talking rubbish ffs. The price isn't being "held down"; there is a quantity of shares available to satisfy the amount of buys at this level, that's it. When there isn't and the demand to buy outweighs the supply, the price will rise. Imminent news should result in a huge surge of those wishing to join the party, which is good as KEFI has a number of share overhangs to clear.

All this MM conspiracy stuff is such a load of old pony. Companies who issue shares as freely as KEFI has are the reason why so much buying can be absorbed with limited price movements.

[mam fach] 12/2/2020 10:25

Share price appears to be becalmed. Notice i say appears to be.
But ,we all know this is not true and this volcano is waiting to erupt.
Look at all the buying. Does anyone ask how does price not move?
True potential here must be huge if you believe price is being held down.
GLA.

[edgein] 12/2/2020 09:20

Outlaw,

Yes indeed, ANS payment certainly opens up expansion of the Eth potential through that expo drilling. Could add another 1m oz to the M&I just below the current planned pit, that would be an excellent start.

Czar,

True while this ANS issue goes on the market isn't applying any real value to that company making asset. You can tell how cheap it is to drill too, it was minor asset dilution that drilled all those shallow holes. Going forward they don't expect to dilute the asset further to continue expo while they build TK. Market will eventually have to value in this company making asset. Looking forward to more assays!

Regards,
Ed.

[topicel] 12/2/2020 09:01

Then whoever has put such a paltry stop loss percentage on an AIM stock deserves to lose their shares.

It would require at least a 10% drop to trigger most sensible stops, and 20% is even wiser.

If any at all, should you be so minded to really 'invest' here. Volatility over the coming days, weeks and months will be the name of the game, I'm sure.

But as long as the general move remains an uptrend, as it should and has done now for three months then I for one will not be worried. What worries me is those rascals ANS making some new rules up before they part with the all important cash...

Those 2p warrants were set with good reason though. They normally get triggered quite easily with room for profit for the takers.

Topicel

[czar] 12/2/2020 08:59

I've averaged down too, the trading here 'feels' good now and I'm very optimistic about the Saudi discovery, this could be a real game-changer imho.
23 January 2020

KEFI Minerals plc

("KEFI" or the "Company")

Drilling confirms large scale of massive sulphides at Hawiah VMS project in Saudi Arabia

Over 4km of consistent mineralisation encountered, remains open at depth and along strike

Intercepts of up to 5% Cu equivalent

Similar characteristics to the nearby Al Masane polymetallic VMS mine

Expanded drill programme underway for maiden resource

[shortarm] 12/2/2020 08:46

Smackdown - MM's stop lossing everyone left, right and centre.Such fun!

[riotinted_specs] 12/2/2020 04:03

I agree Ollisgold and 6 or 7p is also a real possibility - and only then will I potentially top slice.

[outlawinvestor] 11/2/2020 18:51

Ed - re previous discussion on further TK exploration costs, I recently noted the excerpt below from the 17 Dec RNS:

...Ethiopian exploration will restart during 2020 and will be funded by a modest part of the Project equity subscriptions outlined above.

[oilisgold] 11/2/2020 18:45

Once we get the funding news and i expect Saudi news to land soon as well, then we will have plenty of volume. Still i expect 4p plus trading range once things settle, regardless of what some here think.

[oilisgold] 11/2/2020 18:42

Laurence, as per RNS the Warrants are executable at 2p. Ideally if the market lets the share price go above 2p, there will not be enough volume to soak up the shares of the warrant holders. Dont forget chaps i worked in JP Morgan, so i know how these things work. The market makers have already been given instructions and fully expect warrant conversations to happen. During a volume driven rise its not a problem but if the market lets the share price go above 2p then there will not be enough buyers to soak up the shares that resulted from conversation process. Looking at level 2 order back and it does 100% appear to be controlled.

[oilisgold] 11/2/2020 18:12

Says it all. Only reason this is sub 2p is the Warrants would otherwise be triggered. Once we get the volume on news, then expect fireworks. Its being carefully managed the rise. The market makers will try to hold it sub 2p for as long as possible before letting it go. Seen it many many times on AIM.

[richsmithsmith] 11/2/2020 18:08

2.5M at 1.85p late trade appeared...

[1deedee] 11/2/2020 17:15

1.80 seems to be holding strong we could push onto 2.00 by the end of the week I'm sure of it

[1deedee] 11/2/2020 17:10

Cyba I've had a lot of experiences in that one thing for sure it just gets a greedier and greedier

[cybaajak] 11/2/2020 16:50

I wouldn't.Thats.. "I wouldn't tell you anything because you dont matter".But keep paying an inflated wage and my tax obligation will ensure my incarceration.Whereas, IF I employ directors who aren't paid through UK company accounts, but appear on the company register and pay their own tax.. OR.. ficticious workers appear on company payroll, pay Ethiopian Tax, and their bonuses appear on the company share scheme..Plenty of brown envelope theories to explore there...

[scrappycat] 11/2/2020 15:30

Tell me Cyba, how would you go about filling any brown envelopes that a CEO might find the need for, without them appearing in the accounts. There are countless examples of Board members of AIM listed companies where the Board appear to draw unjustifiably high salaries.

As for 'the obvious' you refer to, the problem is one for the government, not for Harry, but it certainly requires the government's attention, and may well impinge on their overall strategy.

[oilisgold] 11/2/2020 15:28

Its been tough for investors in kefi. So just sit back now and enjoy the rise back to where it should be. Still a very long way to go but at least a decent trading range will be a start. Then Saudi updates will take care of further share price rise.