Kefi Gold And Copper Share Discussion Threads

[sussexlibran] 16/6/2020 09:20

There is definitely a link between some on this board and Adams - it is the only logical explanation of unequivocal support of a CEO who has failed to deliver on every single task. Even the most ardent supporters are losing faith, but some STILL seem to think he is the right man for the job. I'll give Harry one thing - he most certainly does know how to con people.

[scrappycat] 16/6/2020 08:59

chopper,

As you wish. Since it seems you do not wish to entertain opinions contra to yours, it seems a sensible course of action for you. Have fun.

[chopper harris1] 16/6/2020 08:47

We're over halfway through this crucial month. I would like to think that strenuous activity is going on behind the scenes to ensure that the first tranche of investment is finally sorted and received by the end of June. But I think most of us are now resigned to another deadline being missed.

If that's the case then how the hell can anybody have any confidence, whatsoever, in the much larger sum of money to fund this project being in place by the end of October???? That's only four and a half months away. The same timeframe between the "grand meeting to end all meetings" which took place in mid-February, and now.

The can continues to be kicked further along the road in the forlorn hope that something will turn up in the meantime. What will October bring us....a fully-funded project or another placing for at least half a billion shares?

[scrappycat] 16/6/2020 08:41

cyba,

I do not question your right to your opinion, but do you really think it is an appropriate time to broach the subject? We are approaching D Day, and the EG are pulling the strings. When the outcome is known, and not conjecture, that outcome will dictate what will, hopefully, be a sensible course of action. Continually rocking the boat at this juncture serves little purpose IMO.

[jaylett] 16/6/2020 08:31

Exactly. And still we sit here, waiting for a single penny of local money to find its way into the project. Seven years and they haven't paid us a thing.

I have seen gold prospects start up, prove resource, start to mine and be taken over in that timeframe. We haven't stuck a spade in the ground yet.

[cybaajak] 16/6/2020 08:25

@ Estseon. We have crossed opinionated swords several times in the past three years but I've always been impressed with the figures you bring to the table for the sheer un-arguable fact that this has been (historically) a bad stock pick. (For me anyway. Up to and beyond the due date end of June, where I suspect, this deadline will fall decidedly into the 'failed to meet' category like ALL the others.)

Taking into account your own value destruction, the continual delay in project advancement and the inevitable hind-sight of what ifs.. Do you still support Adams in his role as CEO ?

I'm not actually looking for character assassination, dissemination or a catalogue of bad business decisions. I suppose I am asking for your opinion on narrowing the gap between effective & atrocious.

[estseon] 16/6/2020 07:29

taxloss,

because of my annual "bed & ISA" transactions running for more years than I would care to recall, I would have to exit Kefi at a very high price to be at risk of having to pay any CGT. It might be said to be good tax planning :-(

It is a reflection of the massive value destruction caused to shareholders. The TK project was bought at a price booked at 34p/share (adjusted for the consolidation). If shareholders then had been told at the general meeting held to approve the share issue for the acquisition that the TK project would realise value for them of less than half that amount maybe 7 years later, I can only wonder how many votes would have been cast in support of the directors' plans.

[taxlosstone] 15/6/2020 18:44

estseon

Hence my world-wide patented moniker. :-(

[scrappycat] 15/6/2020 14:06

This punk anticipates at least a 5 bagger with Kefi, and in the not too distant future. It will be ages before RBS converts to a 2 bagger IMO. Pick your poison punk.

[andysand] 15/6/2020 13:11

There are plenty of non AIM shares that could double now after the recent pasting from Covid. RBS has halved since March.So yes, Kefi could suddenly explode if funding arrives. But if not, it could lose 90%. For now, I'd rather speculate in companies that will definitely survive. The risk here, given kefi's proven ability to not get funded, is huge. Of course, the rewards are also large if they pull it off. But not nearly as large as they used to be given the recent dilution. A 3 bagger with kefi or a 2 bagger with RBS? What's your poison punk?

[sussexlibran] 15/6/2020 08:26

@taxlosstone - you're right! I think in 7yrs I've only been in positive territory once for around 3 days.

[taxlosstone] 15/6/2020 08:21

Profit takers in Kefi? That has been a pretty exclusive club over the last gawd knows how many years. :-(

[sussexlibran] 15/6/2020 08:12

@jaylett - nobody knows if these 0.65p shares are being flipped or not. Also, if they were all being flipped I wouldn't expect the share price to be holding up that well - the market would be flooded with them. While nobody knows who is buying or selling, it does make me feel better that someone has, at least, expressed their concern. PI's need all the reassurance they can get these days.

[jaylett] 15/6/2020 07:53

It is a load of rubbish. Mental ramblings from someone who has no idea how trading works.

"Guys we know for a fact there are hundreds millions shares to distribute...…….. now if someone wanted in before the end of June and started accumulating in the open market we would see the share price steadily appreciate."

There is regular supply at 1p, because we've issued hundreds of millions of shares well below 1p. It's called an overhang ffs and it means that regular buys in the open market are easily soaked up. We need blockbuster news (i.e. funding) to generate the volume to blow through the overhang, end of story.

The FSA must have a right laugh at these PI conspiracy emails that they get about some tin put operation hardly anyone has even heard of. "Yeah, we'll get right on it, leave it with us". Dear me.

[robjm66] 13/6/2020 09:42

From lse board
topsharepicks

Share price manipulationFri 15:22
Guys we know for a fact there are hundreds millions shares to distribute...…….. now if someone wanted in before the end of June and started accumulating in the open market we would see the share price steadily appreciate.

UNLESS somone with a DMA direct market access account keeps resetting the share price lower by throwing in a few hooky low trades.

That is what this looks like to me...…. market manipulation.

Im going to flag it to FCA they are pretty good at watching they just need a nudge where to look...…..

(Personally not sure I agree with topsharepicks present pattern could be down to someone accumulating below 1 pence hence it holding around that range)

[sussexlibran] 13/6/2020 09:12

Good to see someone over on the LSE board has complained to the FCA over both the suspicious activity / manipulation of the share price and also highlighted the RNS wording about funding.

[the charmer] 12/6/2020 13:53

Just like this BB :-)

[taxlosstone] 12/6/2020 13:49

I think that we'd all agree with Harry's description of ANS after reading this.

"The definition of a true friend is someone who has your back, no matter what. A true friend will always have your best interest at heart. They will never purposely lead you into choices or decisions that aren't good for you".

;-)

[outlawinvestor] 12/6/2020 12:38

Unable to pay? Doubt it... Unwilling? Yeah, without a shadow.

We are talking $11m not $11bln, and a consortium of banks and insurance companies not the Tulu Kapi Villagers Association.

"Unable to pay" is an easier explanation to swallow even if it makes you wonder about KEFI's due dilligence.

"Unwilling to pay" is deeply worrying after all ANS have insider info into the structure of the PPP deal. If this is the case whatever is holding them back cannot be good for KEFI.

It would be interesting to see what calibre of investor replace ANS if it comes to it.

[sussexlibran] 12/6/2020 10:37

@jaylett - I, too, am convinced that ANS are unable or unwilling to pay. I'd be astonished if we get an RNS before 30th June, and when it does arrive I'd be astonished if they paid up. Furthermore, I'd also be astonished if the EG stepped in immediately. The management of this project is of the lowest quality imaginable - I wouldn't expect them to be doing any planning until 1st July

[goatherd] 12/6/2020 10:27

Elpirata,

A very interesting remark by you - "ANS will not be going ahead. You can quote me on that."

Please can you tell us why you are so confident of that?

[goatherd] 12/6/2020 10:27

duplicate - sorry