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The thing Kefi has on its side is something like TK is a very viable project at 1700, 1900, 2100 gold etc. Someone may buy Horizonte for strategic value but in terms of NPV I think it's £1.4bn at 16400 nickel, at todays levels (14200) it's probably £300m or so. Still decent, but huge swings.
The markets, I can see them looking through Covid to a good spring etc soon, my main concern is the charts look worrying, FTSE testing this 5800 level for a 3rd time for instance, but maybe I'm being too cautious.
Yep, macro economics do worry me atm. Moved 25% into cash to see how things develop with the virus, end of furlough and a brexit trade deal. Kefi still seems to have more upside at this price so happy to hold (and add on any weakness like we experienced after the last 2 positive RNS's!)
Hi :) I've been balancing up position sizes a little, still got a holding in Kefi but given Europa Metals fell so sharply I moved some in there yesterday (selling some Kefi at similar prices to today), not sure if it's a good idea but it had 50% upside to the placing of a few weeks ago and the asset was valued at 1.5m so I felt compelled to act. I sold HZM entirely at around 7p and trimmed some Solgold, though that was to fund my latest Orm purchase (at a price where it had 50% upside to cash).
Not a reflection on Kefi specifically, both that and EUZ had fallen a similar amount. My only outlier thought is that with markets weakening there's a bit more risk to anything with funding not in the bank. I think it should be fine and as I said the other day it looks from the AR notes like Kefi will get funding, just if the FTSE falls to 5000 or something that may change, is all.
No Investor that wasn't meant for you - its for Goldboy et all who made the bet - you as always have been sensible and moderate and respectful of all opinions (apart from obvious lies/ramping etc) - as they have not replied I guess their pocket money doesnt cover that LOL
Well I’ll take Kefi being up as much as Tesla then cratering, and moving to pension is an active choice and has tax consequences, first time he’s done it in quite a while whatever outcome of what he did before. Half his holding comes from shares in lieu of salary, yes they were short on cash but could have kept it on the books as a loan rather than taken shares.
And whilst I wouldn’t mind Rab trimming/not take it as a bad sign (they have a huge holding v original and are well up) they haven’t yet and have a board seat.
And Elons was worth about $50Billion and the stock still crated !! Moving a few things into a pension isnt at all a positive or negative sign - he did the same thing about 2 years ago and the shares fell after another dilution - the Board NOT buying a single share in the last 18 months - two years is a negative sign especially as they were so cheap a little while ago
His holding is worth about £650k here which isn’t as much as other shares but much more than others and doubtless a lot for him, and he just moved some into pension too, which is a v good sign of confidence.
heard it a dozen times before Des - check out his RNSs from August 18 through to March/APril this year - when project financing was confirmed, unconditional , within days etc etc - even a broken clock is right twice a day so who knows this time but it's market cap has increased circa what 5 or 6 times? in the last 3 or 4 months - lots of people could lose lots of money if they only listen to the dreamers on this board and do not realise there is significant risk here - like betting on Chelsea to win the league, its possible, within the realms of possibilty and could be a 5 bagger if it happens but also it probably wont so take the bet if you like but dont pretend there isnt significant risk involved.
Oh and yes I would have make more money -( about 25%) Had I stayed in but I used some of the cash to short Tesla To great recent reward ( you can check my comments) but those Tesla investors were equally if not more bullish and were up big time laughing at more cautionary voices - point being there is a greater fool theory and if you hold on to the end it might just be you - maybe not that’s the risk but please do not ask me to trust Harry - the guy has lied dozens of times Re funding and my heart simply could not take the pressure that THIS time he might be right - maybe he will but I’m very happy with my decision on the sidelines- still take an interest as you can imagine.
Not quite - I got out at 1.75 about 8 weeks ago - made about 15k in the end but was over £100k down so was and am very happy with that. Lots of hugely positive talk here but still no actual accomplishments and money is running out whether it’s this week or a few weeks from now a fundraiser will happen it’s just a question of whether TK funding is actually achieved rather than “promised”, “imminent” or some other form of words. Also my bet was 1850 before 2250 I believe (it was about 2050 at the time). It fell to 1879 and If you consider the cable rate it has already Fallen well below my bet but will honour the terms nonetheless.
Older and wise its my understanding if memory serves me right that he did get out but was at 1.8p approx and he had been down £100,000 and in the end made a profit not sure how much? He placed part of those funds into a tip given by uk which i believe did very well and the rest into market elsewhere i think so not all bad and has taken two holidays recently to recover from experience of kefi no doubt...