Kefi Gold And Copper Share Discussion Threads

[sussexlibran] 08/12/2020 07:59

@peverill - yes, more fluff. One day, just one day, KEFI management MIGHT issue an RNS with something that actually moves the share price This is typical Harry fluff. BREAKING NEWS - Kefi find gold and copper in the ground! Yer, yer, we know that already. Just issue an RNS saying you've got some money to extract it.

[ccr1958] 08/12/2020 07:56

More jam tomorrow.

[scotty1] 08/12/2020 07:43

just cannot see the wood for the trees though.

[peverill] 08/12/2020 07:41

Always happy ;-)

[shortarm] 08/12/2020 07:40

You don't seem that appeased? Or happy :-P

[peverill] 08/12/2020 07:37

More deflecting guff to appease the shareholder base.

[organstop] 07/12/2020 22:03

Whatever you all say, there has been a heck of a lot of buying today.

[belfastboyo] 07/12/2020 20:29

Then my answer would be yes I do believe current management will deliver Full funding for TKGM shortly (I wouldn't bet my life on pre end Q4, even though it has been given as the timeline). Tigray may have thrown a spanner in the works perhaps...but I also believe Gold/PGMs will be substantially higher 2021/22...and our assets are outstanding...but perhaps I am too optimistic...time will tell

[unionhall] 07/12/2020 20:16

No indeed. expectation not promise...

[goatherd] 07/12/2020 19:55

All AIM CEOs have to be optimistic.

If any individual investor convinces that the CEO has "promised" anything they need to look at the small print.

[unionhall] 07/12/2020 19:51

I don’t think that is the question. The question is not is it there but.....“ will it be realized by the current management”. I sincerely hope so for the sake of all holders - old and new...

[belfastboyo] 07/12/2020 19:36

Fair point union hall...the past facts are clear..As all LTIs know to their deep chagrin...this has been a terrible investment to date. the earlier you bought, the more you likely lost (if you did'nt buy the falling knife). Harry/BOD have destroyed shareholder value and failed so many times in their "promises" as to be judged untrustworthy...BUT...the key question remains will the future value be there? Or not?

[unionhall] 07/12/2020 19:13

'Fraid there must be a fourth...


Honest posters who see the value in Ethiopia, and perhaps even more in Saudi Arabia.

But who may have been burned over and over by unrealised expectations raised by the CEO - a supposed experienced financier.


Despite the repeated failures they still hope the Assets can be commercialised.


As for the timing of the commercialisation - well bitter experience causes them to be somewhat acerbic when newcomers, not aware of the history, suggest the current timeline is written in stone.


And quite honestly they are amazed that some long-term shareholders, who have had the value of their investment equally severely diminished over the years, do not empathise with or understand their viewpoint.

[taxlosstone] 07/12/2020 18:58

So there are 3 choices. Shorters who are trying to influence holders, potential buyers who are trying to influence holders & idiots. Seems to me that you consider anyone who expresses any doubts about Kefi, despite the years of lack of progress & missed targets, are conniving or intellectually challenged. Blimey, I am a nervous nelly, inane & an idiot. Oh, & poor. :-(

[goatherd] 07/12/2020 18:03

taxy,

Almost binary - but there may be a few genuine anti-believers. Idiots, IMHO!

Yes, I know that is intolerant. :-)

[taxlosstone] 07/12/2020 17:23

goatie ....

In your view, is that binary or are there other possibilities?

[goatherd] 07/12/2020 16:16

On the contrary Texaschaser, very little pumping at all; far too much bashing though.

Shorters or people wanting to buy cheaper?

[texaschaser] 07/12/2020 16:11

too much bad pumping history here

[digger2779] 07/12/2020 16:08

POG is recovering.

[belfastboyo] 07/12/2020 15:57

Hi Rich, I agree...frankly no one can know how large any re rating would be should the TKGM funding agreements be final and binding and cash starts to flow...I picked x2 or x3 as a very short term possible reaction but yes one look at say EUA or GGP shows what is possible with a gold/PGM miner's share price when it catches fire...BOTH of these are almost x20 in under 1 year...time will tell of course...Mr market is a manic depressive as we know

[rich1e] 07/12/2020 14:45

True, Belfast. Where I'd partly disagree with you, is on the 2x,3x rerate. I think that there is a lot of good news both Ethiopia and Saudi that has yet to make any impact, at all, on the share price I can genuinely see this following JLP's (who've long been accused of issuing shares like confetti, can you believe that) example, and topping 10p in a couple of months. First things first, the reason for the current market cap, the markets refusal to believe anything that the company says. Hopefully that's all about to change. GLA

[belfastboyo] 07/12/2020 14:28

You are absolutely right Rich1...all this chat on the past is frankly useless...the only thing which an investor should do now is ask the simple question "do I think Kefi today at c1.78p c35m GBP is fairly valued versus it longer term prospects based on NPV, assets, cash flow and prospective license area?" If you think it is overvalued no one one might consider selling...if you think it is deeply undervalued then no doubt consider buying (or holding)

[unionhall] 07/12/2020 13:35

"They are what he thinks he will achieve....."


I guess that is the nub of it Goatherd.


How could he have been so wrong so often ?

There have been a number of times when his "expectations" were clearly over-optimistic when made.

Was he incompetent or dissembling?

There really is no other explanation.

[richjj] 07/12/2020 13:17

I guess we still have 4 weeks before the end of quarter to which the short term milestones are suggested to be completed for Kefi. Case of holding them to those plans before we judge further I would think.