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dvh you make a valid point... haa has bu11****ted and over-promised for so long now that the shares will be handed down to the next generation..
As soon as the placing was announced we 'knew' there were going to be yet more delays. Looks like the SP is going to be in the doldrums for a few more months yet. Might as well sign my shares over to the kids as I'm going to be too old to enjoy the fruits of this investment lol
Webinar sounded to me 2nd bank approval earliest will be end of April and syndicate to all confirm by end of May. Also sounds a bit of chicken and egg where banks need sign off of resettlement but resettlement reliant on funding and as time elapses they need to refresh costs. Seriously frustrating and Harry did say both banks were in parallel signing off debt but know its sequential. This will all happen but it would be a miracle if its all signed by end of June. Certainly some key milestones in the interim but a little deflated that there is always something to do. We will get there but Harry has never communicated accurately and hence the recent £4.5m raise which covers a 12 month period so it does grate somewhat him now saying middle of the year. Do you believe him or the amount of the raise as to when this will happen?
SB_1964 - Hope you are doing well... we all thought this was done dusted in Oct-23, for Harry to drag this as far as he has.. :) Incredible.. seems so close, yet so far.. :)
The market makers are a party to a sale & purchase agreement, which sets the market price..
It could just as easily be Daffy Duck sells to Linda Lovelace
All very interesting, but the price isn’t interested in the details of the seller and the buyer.
Price is price and a trade is a trade
Rob - I understand all that... higher gold price = higher return... as far as kefi is concerned, the share price is going nowhere unless the TK finance is sorted...
In my view the capital controls concession by the Ethiopian government is an absolute game changer here. Mkango Resources is presently locked in protracted discussions with Malawi, which has taken far longer than planned and is still not resolved, due in large part to Malawi’s very restrictive capital controls which make their rare earths project a non-starter. It’s incredibly difficult to change these policies due to the complexity and knock-on ramifications to the country’s economy. The time and effort required to push through these changes is very much under-appreciated, not helped by the Kefi’s lack of transparency about it in the past. However, this has now been ratified in Ethiopia and therefore puts the company in a much stronger position to finalise funding. Despite the doom mongers, I remain optimistic.
Think you overate my influence Fantasy and have no contact with Harry do not remember so much as an email from him all the time I have been a shareholder.
As for the gold price it does have an effect on how the finance deal is structured as obviously higher gold price means quicker repayment of loans and the enthusiasm of all parties benefiting from it in the future to get things done especially the Ethiopians and the African banks. Also has a big effect on the NPV which hopefully one day will have a bigger effect on the share price.
Rob - Gold price has an immediate impact on producer.. It helps the developers.. but honestly KEFI initiated TK when the gold price was $1200 and since then it has doubled.. But KEFI had faffed about this for the last 10 years.. Increased the MC from £10m to over £30m, but with plenty of placements in between to feed KEFI and HAA.. :)
In nutshell, You don't need higher gold price (although it helps) for TK funding. Can you ask HAA to focus on 1 thing - TK funding and get this resolved. Approved and funds in the account please.
Thank you!
Yep Kefi will be massive, Rob is hoovering up these cheap shares as wee speak and HA probably believes we will be as big as Centamin.
Just leave your holding alone, don't play with it, just find something to occupy your mind, little crossword or read a book like Elon Musk autobiography or Prince Harry and wait for Harry Agnostaras-Adams to work his magic.
I'm no expert, but essentially, the MMs hold stock in order to facilitate trading. When you buy, the MMs sell stock to you, when you sell, the MMs buy them from you. Thus the amount of stock the MMs have varies depending on demand.
The MMs generally aren't interested in speculating on the price themselves, they just want to minimise risk. They don't want to hold too much stock, as then they are overly exposed to adverse price movements. They don't want to hold too little stock as then they may be unable to meet invester demand, causing them to scramble about to find more stock themselves.
This balancing act is manifested in the price the MMs offer to both buyers and sellers. So buys vs. sells does make a difference, but it'll only be a big difference if the MMs pool of stock is getting too big or too small.
Needless to say, it's a lot more complicated than that, and in theory at least, there's all sorts of 'tricks' the MMs can play to manage their own situation, but that said, 99% of MM conspiracy theories are complete bunk (as are 99% of all CTs of course).
And finally, for anyone who doesn't yet know, the LSE doesn't publish whether a particular trade was actually a buy or a sell (at least not to punters like us, maybe pros can get it). So sites like this one simply guess based on the trade price vs. what information they can glean on the mid-point of the spread. Very far from a perfect science. In particular, looking at yesterday's trades, there's no way the SP would have remained relatively stable all day, if all of those trades marked as sells were actually sells.
Gold just a couple of percent of all time highs been a bit of a stealth rally but could well break out even higher then kefi will be well placed with two gold mine projects lined up. Gold doing well in spite of fun and games to suppress it a lot of money going into Bitcoin most of the mainstream media ignoring gold and some people thinking we will have soft landing so gold will not be needed as a safe haven. Any of the those four factors breaking down or breaking down more…
https://www.zawya.com/en/projects/mining/saudis-amak-says-its-moyeath-copper-zinc-project-is-95-complete-ltio0scx
https://bnnbreaking.com/finance-nav/kefi-gold-and-copper-secures-financing-for-ethiopias-tulu-kapi-gold-project-amid-regulatory-changes
https://www.globalminingreview.com/mining/26032024/ev-metals-signs-jv-with-power-metals-resources-for-saudi-arabia-mineral-exploration/
https://www.hellenicshippingnews.com/metals-saudi-arabias-new-oil/
https://abmec.org.uk/power-metal-resources-first-major-agreement-for-exploration-in-the-kingdom-of-saudi-arabia/
Yes you are correct. Anyone who wants to look should go to:https://www.londonstockexchange.com/stock/KEFI/kefi-gold-and-copper-plc/company-page
Scroll to the bottom and look for recent trades, on the right the majority are listed as off-book
I can understand what you are saying, and am not well versed in the realities of the system, but don’t the Market Makers hold some stock? I also read, that sometimes the MM’s sell stock that they don’t have. How true this is I don’t know, but if correct it would affect what you are saying, would it not?
Ah, but this isn't an OTC market. So the MM's are actually the other side of the trade, which does change things rather...
Without wishing to state the massively obvious.. every “sale & purchase” agreement (deal/transaction) in history to date involves both a buyer and a seller.
Where you feature on either side is irrelevant -
Whether your buy shows as a sell or vice versa is irrelevant.
Every seller joins the market by securing a buyer.
You can stop hypothesising as to whether you were a buyer or a seller, because either way… you were (at that moment in time) one side of a trade that required both in equal measure.
It doesn’t matter.
Yes me also. My buys showed as sells.
Fukutu, like 1plus, I purchased over 1m shares which was shown as a '' sell'', don't rely on this site for accurate information
Fukutu - the shares "sold" (as you put it) on this website means nothing - millions of those shares, traded under the mid point of the bid-ask spread, are marked as "sold" on this website but were in fact my buys. Exactly the same happened yesterday. You are the third person over the last two days that's made an almost identical comment which is a little odd.
This share has had the life sucked out of it. 44 million share sold speaks volumes. Downward spiral me thinks!!
Not from where I am sitting. It needs to regain investors confidence.... which will take a long time in my book.