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A consolidation IS on the near horizon. No other option available. The question is what will the consolidation figure be. At a 1 for 20 figure it reduces 6b to 300m. It makes each share worth 12p, or, 1/2 a Saudi Riyal.. Unless Adams is actually reaching for the stars, and intends a 1 for 35, before launching the Artar & Kefi JV on the Saudi Stock Exchange, which will value each Kefi share at 21p, or 1 Saudi Riyal equivalent. The JV , with JQ and Hawiah on launch, will take Kefi into the middle range gold producer bracket, and make Adams a very wealthy man.
I wonder what else he is cooking, to make him declare that ALL the previous misleading statements about "frst taxi off the rank.." equates to "perfect timing..".
1st interview every seen HA happy. I got the feeling he thought he was speed dating that Sarah Lowther.
He doesn't have the talent to sucker punch her, but there are a few on here including me getting bowled over, or should I say knocked out.
:(
Where has the hundred million gone ( only one guess)
Could definitely see a Friday sell off
In 2007 there were 100million shares. That had hit 1bil by 2014 and almost 4bil by 2016 followed by a consolidation that took them back down to under 400m shares. They raised £1.75mil in 2016 specifically for “scheduled TK development” and a further £3.8mil not four months later for “resettling TK community”.
Total shares are now around 6.1billion so we’re probably due a big consolidation.
Nothing has happened in 17 years. Absolutely nothing. Only words, consultant fees and excuses.
Every placing/issuance is preceded by an RNS or several feverishly ramping the company/promoting new sample drill depth.
Last week was the latest example of that.
Let us not forget the Saudi prospects have been talked about for many years and Kefi originally held licenses for Turkey and Bulgaria. Imagine when he’s mined everyone’s pockets dry on this fairytale, Kefi will move to be an Australian or South American small cap miner.
If you sell at anything .8 and above and buy at anything .6 or below you will make a lot of money here. It keeps rotating like a giant depressing wheel. If you wait for the fat controller to actually kickstart a project I think you will be very disappointed.
1.5p by the end of the month is laughable. You will find 7 years of similarly ridiculous hopeful posts if you look back.
And don't forget - it's a hugly complicated deal with many parties and moving parts. Most likely, to *really* understand every nuance, you'd need to be an expert in deals of this nature, in this part of the world, and even then, Kefi, along with others, have basically asked for the rules to be changed for this project to happen at all.
What I can see, is that the project is happening, one way or another (short of all-out war breaking out), and that it will be very profitable when it starts producing. That'll do for me.
I feel I understand as much as I need to - yes, we were all under the impression that the second bank would be giving a definitive go or no-go decision, but that's not how it's turned out. Now it's a process that'll take some more time and smaller incremental milestones. OK, whatever. It's not what we thought it was, but it's not terrible news either.
The actual funds were always going to be recieved piecemeal, and not until the last moment. That suits Kefi as well as the banks. The banks aren't taking unecessary risks by handing over everything at once and Kefi aren't paying interest on a loan that they can't actually spend yet.
ElectricLion:
Fair enough, and I do believe that it will progress.
But do you fully understand the whole “enabling, site visit by 2nd bank, 60 days validation, signed documents and draw down of funds as needed”…….because I’m scratching my head?!
Anyone who has a handle on this, I’d love to understand.
My view is that you need to zoom out and not sweat the small stuff. Is the project progressing? Yes.
Details and milestones are nice, but he's hauled over the coals (perhaps fairly so in some cases) if those details change or milestones are not hit, so why would he bother? As Harry mentioned, investors have the luxury of buying and selling when it suits them, but management just have to persist and deliver.
I agree that short-term catalysts may be becoming harder to find, and of course every PI on AIM wants a 10-bagger and they don't want to have to wait for it. Accordingly, in my view this share is becoming less of a traders share and more of a longer-term investors share. £100m net PA from TK alone in a couple of years. That's the target. Whether you stay for the duration or seek to trade elsewhere is up to you.
What sticks in my throat is that Adams stated around early/mid May, that by the end of the that month, we would have second bank sign off. Yet, within two weeks it had changed to the official (written) bank sign off confirmation (as per the principal bank; so that was what we were expecting) would take too long, so they’ve confirmed verbally that they’ve signed off.
Does Adams not ask what their procedure is for issuing written confirmation of sign off, before he advises us it’ll be confirmed before the end of the month?
Frankly is laughable.
In addition, the whole “enabling” works is wooly. We should have a proper timetable.
Does anyone actually know, with confidence a timetable?
When do the site visits for the second bank commence and finish. When do the 60 days that Adams needs to prove his bit……and what exactly is that?
I believe this will go ahead, but I think his attention to detail is not sufficient.
I’ve sold a chunk over the last few days and invested in Kod. I will come back and buy here, but can only see the SP drifting down until something tangible is achieved.
I can see the SP slinky drifting one way or the other until
Does anyone here use Level 2 and if so, is it worth it?
Been investing for a few years now but never purchased it before and wouldn't know how to use it.
Probably some courses on the internet I could look at, but just digging to see if anyone that has been using it for a while would recommend it.
I think we're doing OK thanks MRP. Decent 'tip' from TW regarding bmv and the next to make a few quid is aau. Making a few quid passes the time whilst we await take off here....
Painful start to the day
Still when all the buying starts to get it too one and a half pence by the end of the month
Hope you all took some profit exspect Winni did
HtTps://www.bloomberg.com/news/videos/2024-05-30/bhp-abandons-49-billion-bid-for-anglo-american (copper, needs copper assets)
htTps://www.juniorminingnetwork.com/junior-miner-news/press-releases/1540-tsx-venture/ryr/161642-royal-road-minerals-provides-exploration-update-for-its-jabal-sahabiyah-project-kingdom-of-saudi-arabia.html (Saudi mining)
htTps://www.proactiveinvestors.com/companies/news/1048666/royal-road-minerals-unveils-promising-results-from-jabal-sahabiyah-exploration-1048666.html (Saudi mining)
htTps://myviewsonnews.net/ethiopia-struggles-to-control-gold-smuggling/
(Why Ethiopia needs international miners)
With you manu... KEFI another lifestyle dog keeping Harry in London's finest restaurants. I've been shorting every spike here it's like a cash machine
🤣🤣🤣🤣🤣 Gingertom, do you mean the road that was supposed to be built four years ago five years ago six years ago and the re-settlement programme that was also meant to happen? 5-6 years ago still hasn’t happened as it? And still, Harry seems to think he can still fool everyone 🤫🤥🤥 looks like he is🤦🏼
Any money come in yet 🤫
“One thinks of resettlement for example. The people involved in being moved must know and must be poised to move to whatever has been provided - perhaps already. The roads and infrastructure plans must at the very least be well advanced and the long lead Items ordered ready for delivery.”
After so many years and so many false starts and lurches it seems obvious that nobody should be surprised about the forthcoming actions.
One thinks of resettlement for example. The people involved in being moved must know and must be poised to move to whatever has been provided - perhaps already. The roads and infrastructure plans must at the very least be well advanced and the long lead Items ordered ready for delivery.
The recent share allocation to advisors is now done as the shares issue is 6.06b and at .763p against the current .625p they will certainly not be likely to dump theirs on the market at this low price.
So its just a waiting game of watching paint dry until all the pieces finally slot into place. Any confirmation of funding can only reassure the market and off we go to reclaim what we have invested in all these painful years,
GLA GT1
Hard to find a stock zipping one and a half bags.
CWR, about 1bag, probably AET, but you only have to look at his home page and the guy is sticking his finger in the wind with just about everything, bound to get one or two come good.
I wouldn't be surprised if he has traded this one over the years. Might have made him an insider as it started looking iffy TW cashing in on one of his big punts over six or so years.
Harry said ownership drops from 95% to 80% on government spending.
Https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2840-tsx-venture/peak/161517-sun-peak-metals-announces-encouraging-assay-results-from-2020-drill-program.html (Ethiopia mining looks like good grades)
https://enterprise.news/climate/en/news/story/ec65a8f9-8507-447b-a845-0728a255aaee/ksa%E2%80%99s-miahona-closes-retail-portion-of-ipo-on-tadawul%E2%80%99s-main-market (Saudi ipos)
Thanks Rob
Picked 2 shares that he believed would double in price 'in the short term'. The first one I sold this morning for a 150% gain in 3 weeks, the second was kefi! Like HAA said, you have a choice...to buy or not to buy. By the time we get to the major works and everyone is locked into the project the SP won't be under 1p anymore imo. Time for Harry to deliver and for shareholders to make some money....
From what Harry said kefi shares drops to 80 percent from 85 percent on Government spending its planned full amount.
Gov spent ten million so far on their side.
Has GOV put their 25m in or done the road/electricity?