Kefi Gold And Copper Share Discussion Threads

[echoridge] 11/12/2020 11:58

maybe you read but don't understand, brad. Shame

[topicel] 11/12/2020 11:57

I see you agree about NOMADs digger?!

UEN is another recent example. Russia with, wait for it, a Cyprus connection...

Harry gonna buy some shares on the open market to show this is a really certain - sorry 100% - deal? And don't anyone give me the old drivel he's bought millions-worth when he's made more in income to compensate.

Mr. Madoff always took a slice too I seem to recall. You must show leadership. So go on Harry, £20k would be a measly signal based on £350k salary plus perks/travel and consultancy fees that are kept under wraps.

All the news is out now I suppose for 2020.

Topicel

[goatherd] 11/12/2020 11:56

Yes, Tops, I do believe the FSA have teeth. Shame they don't often use them though.

I think MONADs have teeth too - the good ones use them; the bad ones don't. So I think NOMAD quality should be part of my company selection philosophy - although I no longer invest in "good story" companies!

[bradley12] 11/12/2020 11:55

echoridge,

Read it twice mate and still couldn't find any educational substance?

Brad

[echoridge] 11/12/2020 11:54

I can't comment on your experience with Meldex, but there's one of those words again: bitterness. Not relevant. And if you think NOMADs behave as you're suggesting for their 100k fee, you have never been on the board of an AIM company in the last few years. But what is reality when compared to the towering insights gleaned from your 'bitterness' from a single investment where I'll bet you a steak dinner your loss was down entirely to your investment shortcomings and not the company's misdeeds.....

[topicel] 11/12/2020 11:50

NOMAD's are always accepting and allowing information to be published in RNS that can, often within weeks, be shown to have been complete tosh with the said company they are NOMAD to going into suspension or worse.

Not 1995 but in recent years. Any company that has failed has had your cherished NOMAD look over its utterings Echo. Next you'll be saying the FSA or whatever they now call themselves (third incarnation since I was dealing with them in the 80s) have teeth!

You can let your moniker fade away now. This share will succeed or not based on funding. That was first muted in 2016 for TK by our esteemed, NOMAD supported, leader. If he gets it, well, we will have a share worth owning.

As usual though it is all going to be touch and go on another fund raising, which was why he went for six months last month. He knows what's happening but, like Boris, likes to be the good guy for as long as he can.

Topicel

[topicel] 11/12/2020 11:28

Any how, what about the RNS on a Friday theory? I thought that was to put out not so good news?

Why, for the umpteenth time, didn't Kefi use a semblance of PR and communication nous and flag up the great meeting on site last week on the website. Photos, even a video, and a little mention would have been worthwhile.

But only if it means anything I suppose. And yes Echo, I'm an oldie and with that comes experience and cynicism....

I am hopeful that I can no longer read an RNS correctly and have got the day wrong too. And the share price will be at new highs again once it is all digested...

Topicel

[bradley12] 11/12/2020 11:26

Jeez! Why use 10 words when you can use a 1000!

[echoridge] 11/12/2020 11:08

Anger. Bitterness. Frustration. Irritation. Despair. These are all valid emotions and no one would deny owners of Kefi shares from suffering from any or all of them. But they are not analytical tools. Sure, even pros (especially pros) have a once-bitten-twice-shy approach to any and all financial analysis or advice. This is a natural survival instinct and for some of us, it is hard-learned over a long career. You think the data says its worth £10 but management have a history of missing/failing deadlines or the company operate in a difficult regulatory jurisdiction or if you're a bit superstitious and you think the company is a bit snakebit, or all of the above? Then go ahead and take a big old discount to your price target, say down to £5. But then, and here's the key to everything, you COMPARE that £5 to the current share price and if you've got another 50/75% discount in the market, then you know you're onto the sort of asymetrical risk/reward bet that you should constantly be seeking. At this point, you're feeeeeeelings do not matter....Do you see the difference in approach? In Scars and company's way of thinking, past behaviour is a factor that essentially can NEVER be adequately reflected in the share price and therefore constitutes a limitless value-destroyer which then poisons any kind of rational, reasoned consideration of new information like this morning's RNS.

[echoridge] 11/12/2020 10:21

Sorry, I lied. Missed this one: '.....echoridge (8287) That's how a rose-tinted shareholder might read and interpret this RNS. As a hard-bitten shareholder and confirmed Harry-sceptic, I prefer to ignore the "coming weeks" bit and focus on this piece of the RNS...."with financial closing and start of development planned for Q1 2021" to form my own measured and logical conclusion. Each to their own....' No, Scars, that is precisely my point. Namely, that you and others (this is a very common mistake) need to rid yourselves of this idea that having been 'hard bitten' is in any way a relevant factor in analysing information and forming an opinion on a company. It is in fact exactly the opposite: at all times its incumbent to ALWAYS make every effort to separate the data from your 'feelings'. That's why your 'rose-tinted' comment is also 180 degrees off the mark. I'm frustrated too, I've lost money as well (not much, but still), I want to scream in management's face, 'Get on with already!' However, I know that none of those feelings matter when I read an RNS like this, when I reflect on previous ones that announced the material expansion of the company's net assets and then I look at the share price and I ask myself, Where is the risk-reward here? Do I have an asymmetrical bet over the next 6 months? And then, based on a cold-hearted (rather than ever rose-tinted) assesment of the information rendered and the standard of care required in rendering it, I render MY judgement. I submit that that is the gold-standard of investment decision making and a process that we should all aspire to, though it is rarely fully realised.

[katsy] 11/12/2020 10:19

"or more" could imply they are still negotiating and have agreed on nothing.

Anyway I really hope we're not sitting here come March still arguing that it's still early 2021 but still waiting for a deal.

[kelotoni] 11/12/2020 10:08

It was incumbent upon Harry to say something and I expect he had hoped to have had everything in place by now.
He is not permitted to provide anything substantive without the previous issuance of an RNS. Nevertheless I believe there is a small clue in the phrase "In summary, we remain focused on KEFI owning 65% or more of TKGM. Note the "or more". We can now be certain it won't be less.

[uknighted] 11/12/2020 10:05

And the share price is up.

[echoridge] 11/12/2020 09:52

'.....The delays are exasperating but there is still indication that it will happen and that it is now down to completion of documentation......' That's fair enough but this RNS is (much) more than that. See above/below. I'll stop on this now.....

[estseon] 11/12/2020 09:36

They say that they are still on track and confirm that the due diligence has now been completed.

Each party will have its own team of lawyers and consultants and Covid is definitely slowing down paper-pushing exercises.

The delays are exasperating but there is still indication that it will happen and that it is now down to completion of documentation.

[belfastboyo] 11/12/2020 09:18

Well imho Harry has again proved his ineptitude in failing to deliver to a stated deadline...one would think that a CEO would know a key rule of managing shareholder expectations is to "under promise and over deliver" that said, I fully expect TKGM funding to close in Q1...hopefully sooner than later...a good sign if Minister Mines and other investing/banking partners etc. Are site visiting etc. Patience required I'm afraid

[theaviator] 11/12/2020 09:09

Yes - ignore the noise and focus on what's on the page. Won't be too long imho

[shortarm] 11/12/2020 09:00

There were a total of just over two million votes against the resolutions at the general meeting.....That's probably how many shares all these whining nay sayers can lump together! Hahahahahahaha