Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I think its fair to say the average for a gold mine exploration company to get to production is about 10 years. I dont know many gold explorer investors who bought in at the start and have not seen massive dilution amd drama. The biggest rise of any stage in cycle is just before the finance close and the 6 months before first pour. dilution for gold explorers is extreme so just like Condor, Kefi has the 10 years of problems and big dilutions but that staying power stands for a lot as many gold explorers just fold long ago. 10 years in a frontier country will always involve political instability and is par for the course. While plenty of people have been burnt in history if they continued to buy at its lows and averaged down they would be probably heading into profit. People buying today in my view is buying at the perfect time before a series of RNS updates. i would be dissapointed for lths who have sold and not get back in and make back their losses. I can say i have got into gold explorers too early but i am always doubling down as the share tanks and while that is pretty scary if you believe in the project and you sense the management are goimg to keep going then often you will be proved correct. not averaging down in these cases is the issue and to force yourself to double down when things are tough. Also exactly at this time i am going overweight on Kefi as we know Hawiah is big and confirmation should be a very positive outcome as we spread risk and no longer a one trick pony.
I also don’t think Simms is a cynical guy like that. His point is a rising tide lifts all boats (and as I’ve said I actually think this is a better one than others)
In the last boom so much money cane in that Blackrock Mining ended up on the register of virtually everything including small caps of no quality (Atlantic Coal) they had no right to be in.
Massive amounts of money in and out move all constituents ie look at how virtually everything crashed on Covid and virtually everything recovered at least for sometime, post. It’s just (human) nature. This is already happening in mining (ie most miners are 2x or more from the lows, last time many rose by much more (as is clear from looking at charts from 2008-11).
To be fair they are delivering what looks to be a fairly material resource in Saudi, we’ll see on TK
Not saying it’s the same but look at the GGP chart, I bet anyone who held that from IPO hated it by 2015/16
Smelly still bashing away at kefi day in day out he is no 1 basher not even invested in kefi
so a CEO/executive Chairman who destroys 90%+ of shareholder value is great because you managed to get in at an all time low a few weeks ago ? Interesting perspective - also you think the share price will be pumped by naive casual investors - exactly the reason I keep posting to save those people from only seeing blatant ramping and losing their money by continuing to point out the superb record of failure of this company to deliver anything
Seriously i thought i had reviewed most gold explorers and producers on AIM before i invested and only came across Kefi in a footnote of a SP Angels report and almost made me fall off my seat and while i new there was and still risk it had by far the lowest resource ounces in the market by a factor of 3 at the time. Had Harry added gold and copper to the name i would have found it sooner. I would not underestimate the arm chair investor who does little more than cast an eye over the Times share listings under resources, do a little research and take a punt. Given punters are now pouring into gold stocks Kefi should take advantage. Its a simple but i expect will be one of lowest cost ideas to grow our shareholder base. i only have good words to say for Harry from my entry point but do know the historical issues but again price is still this low because of that also. The market will be very happy when it is all in the hands of a process to grind up the ore and pour the gold and rely less on the Harry comms.
It's now Cadence Minerals (clearly alot of corporate baggage to shake off!)
hehe - you laugh but when Zest PLC changed its name Rare Earth Minerals it 4x'ed (I actually think it was much more but chart not showing it). It had no assets at all.
Not expecting that here, just a memory triggered by your comment - google the chart, its the rise at the end of 2010.
this time next week most of us will own Kefi Gold and Copper shares...AGM Thursday
Smelly is a kefi basher alongside oily who are not invested in kefi
definitely see your point I admit it is a bit crazy to think that gold will go back to a price we admittedly havent seen since (hold on I'll just check ) err a whole 2 weeks ago when everything was different (must have been by your logic) versus a price it has never seen - maybe not crazy after all
Smellyben, il take that bet too, u clearly have no idea about gold and what drives it.
Gold will go to $2500 by xmas, there will be the odd small consolidation, but $1800, you sir...are mad
Haha thanks, glad you got in, I was surprised to have the chance to buy more below £6 post results (6% revenue drop very mild though there will be decent drop-through), thinking on the chart not a million miles from yours, looks like high 6s hopefully mid 7s, I may trim sooner as don't want to let it get too disproportionate to other holdings
Absolutely- when you and oily are in agreement ( two posters here on opposite positions but who talk sense and I respect) I give it serious thought And looked good to me. Over 700 I’ll trim myself
No probs! Did you buy it in the end? It’s my largest non mining position (SMS was but trimmed that back again earlier) so happy times!
Investor pay is looking good - thanks for the tip !!’
Those ??????????were meant to be smiley faces
Great????
You are on smelly. I'll take your bet.
individual companies can sometimes have extended disconnect but overall asset classes always revert - I'll happily bet anyone here £100 that we see 1850 before we see 2250 if there is a way to make that happen ?
Smelly - very strong assets can trade just above the (higher) 50dma for a long time - look at RELX share price in the middle of the last decade
Ok Ben wait until unemployment figures for nov- then gold will be 3000+ In dec! The effects of COVID have not even started!
Because all financial asset classes - equities, commodities etc always revert to the 200 day moving average - look at any chart ever and this happens. Bubbles happen when every one jumps on board and burst when the opposite happens and try to get out. In terms of what could spark it off could be equity friendly comments from presidential candidates , a reconciliation with China, progress on a vaccine or any number of other positive developments for bonds or equities.
Why would gold drop back 350 dollars in the next few weeks ..