Member Info for ajs8220

If 'supposedly' is the new 'imminently', 'never' is the new 'next quarter'.

Methinks someone is absolutely DESPERATE to talk this back up to 0.8 where he got spiked on the RNS that let RAB exit so he can bail out passing his holding to a bigger fool than him.

Because if this goes into the fours before he is forced to hit his red button, he won't have the rent for the bedsit over Christmas.

"Effecting change clearly involves making changes."

Insightful stuff. That's why you mugs pay him the big bucks I suppose.

Meanwhile, over-pegging not resolved and syndicate still not signed.

"Echo chamber secure, captain."

Post-truth through the ages :

"The party told you to reject the evidence of your eyes and ears. It was their final, most essential command. "

George Orwell, Nineteen Eighty-Four

"Market reacted positively to RNS"

Zen19, Two thousand and twenty-three.

KEFI has been promising jam tomorrow longer than SYME Mark.

You don't half pick 'em.

The trapped bought in on the back of Hapless Harry's grift of the gab and got spiked.

They can't say they weren't warned.

Having held a small long term position this is now a major holding in my portfolio after the trading update. I've always liked it - a proper cash generative, debt free business with good prospects to buck longer term market trends.

Q: Why has there been no 'funding complete' announcement yet?

A: Because there is a problem with the syndicate.

[To be clear, I am NOT accusing the company of sitting on bad news. This may not have been communicated to the company yet. My guess is one of the debt funders feels they are being asked to take equity / mez risk but for a debt return.]

Q: Why are holders so keen to sell millions of shares at current levels if this share is going to multibag 'imminently'?

A: See previous answer. The share is not going to multibag from here until the project financing is secured. The candlesticks show any buying around the last placing price is aggressively sold into by those wanting out.

Q: If the Saudi assets are so sheet hot, why hasn't some of the $ gazillions sloshing about in Saudi looking for new non-oil homes bought them up?

A: The assets are not sheet hot, just sheet. They will not be commercial at any gold price we will see between now and the next ice age.

Q: When is the next placing?

A: Answers on a postcard to Jeff Keating, SP Angel.

Hahahaha stebo.... Yesterday wasn't the day. Today isn't looking good either.

It won't be tomorrow and as for 'imminently', well we all know what that means in Hapless Harry's world.

How about 'never'? Is 'never' good for you?

You know the game's up when recently arrived bulletin board morons start talking about ordering their supercars. It's an almost perfect contra-indicator.

Despite Allied Gold starting years behind Kefi, with its Toronto listing last month it now has all the funding in place to develop Kurmuk with first gold pour Q2 2026.

Have any of the mad bulls here been able to join the dots yet?

Simms, you're talking absolute cobblers yet again. RAB have not been selling 'for months'. They sold their 3.51%, 138m shares according to the 3 May RNS, last Thursday. If they had been selling 'for months', there would have had to be an RNS when they crossed the 3% threshold.

RAB are out (and you have to ask yourself "why?", and "why last Thursday?") but the background overhang, from May placing sellers, remains. Apparently it was 360m shares sold last Thursday, not just RAB's 138m.

It will be rangebound at 0.7 until the 'funding secured' RNS. And you know my expected timescale for that.

You lot are absolutely hilarious!

The bulls here are some of the most deranged bulletin board morons in the London market - which is saying something. Simms, the King of Wishful Thinking, pumps out one lot of keyboard diarrhoea then, when the price does the exact opposite of what he predicted, flips in the wind to retro fit a second ton of verbage to what has happened. Utterly clueless.

Then there's Cut n Paste Rob, reckons day traders are 'scum', but spends his day desperately monitoring his inbox for results from half a dozen google news searches to bolster his mistaken belief that he is such a hot stock operator (LTBH, natch) that it is only a matter of time before KEFI goes to 3p and he leaves bedsit land for ever to pick out the optional extras on his Ferrari.

Rob, this did not 'go up on facts and down on profit taking and rumour'. Look at the candlesticks! It went up when the telegram group herd piled in behind a couple of bits of recycled news and went down when the 0.7 placees from May sold a blizzard of confetti into that buying. It has been rangebound since the last placing! Plenty of Thursday's day traders are still here, spiked at 0.8 and locked in blood red, now creating a second potential overhang further up the curve if it ever gets there.

The fact is this will not re-rate unless the 'funding secure' RNS arrives. Any announcements until then to give succour to the disciples are just a waste of a grand.

Another fact is that nobody has the foggiest notion (and especially not you, Simms) whether that overhang of £6m+ at 0.7 is 10% cleared, 100% cleared or anywhere in between.

And the question nobody seems to want to take on, one that it is impossible for a bull to answer, will not go away.

Why, if this is going to re-rate "very imminently", has any and all buying above 0.6 been met by a stampede of sellers, big tranches of what can only be 0.7 placees? 300 million on Thursday apparently! Why are they so keen to get out, even at a loss before the latest round of telegram induced madness, if the price is going to be over 1p in a matter of weeks?

For what it's worth, like anyone not on the inside here I do not know if there is going to be a placing soon. If forced to state a view I would say Harry is not going to place this side of Christmas. If there are still May placees holding, they would have his head on a stick for raising another couple of million at 0.5.

But what the trading pattern is telling me for sure and for certain is that the 'funding secure' RNS is not coming this side of Christmas either.

As ever, time will tell.

So Sir James, the question nobody seems to want to answer is why do 'institutional' placing share holders at 0.7 want out at 0.662 if re-rate news on financing secure is in the offing as Harry, Rob, telegram group pumpers, Uncle Tom Winni and all would have themselves believe?

Answers on a postcard to Jeff Keating, SP Angel.

Where am I from Stu? Scotland originally.

But you probably want to know where I live? Rent free in your head, pal.

Lose our beer money for the weekend this afternoon did we? Don't blame me you old fool. Blame Harry.

Been out all day. Did I miss anything? LOL

Another "not the RNS that we were hoping for" RNS I see. Confirms nothing that HAA and TW hadn't already revealed. And most instructively, confirms that TK funding has NOT been signed off.

"...upon receipt of final credit approvals, the procurement teams and the social performance teams will be mobilised." Future tense. Nobody has been "mobilised" yet. But according to TW, it is now "very imminent". LOL again!

Look at the candlesticks once more. What has actually happened today? Some of the overhang at 0.7 has been cleared. Has all of it been cleared? Time will tell. Given that we have closed at 0.7 again, my guess, and it is only a guess, is no it hasn't. There could still be plenty of the 'institutional' placees wanting out at anywhere above 0.7.

But the telegram chats went wild and a whole load more mug punters have been suckered in and spiked at up to 0.85. So whatever of the overhang has been cleared at 0.7 has just been moved up the curve. Their long term investment being a short term trade at 1pm that went wrong on them at about 2pm.

Until funding is definitively, provably secured - past tense - this is clearly going nowhere. Anyone buying over 0.8 today for a quick turn over a penny got exactly what they deserved.

One look at the candlesticks will tell you there is still a mahoosive overhang of 0.7 wanting to get out.

Why would you do that if there was imminent newsflow that will double the shares?

Answers on a postcard to Jeff Keating, SP Angel.

"Agreed in principle means nothing."

I disagree dsrt. "Agreed in principle" is very informative. It means "not agreed".

I think you'll find Harry represents Harry first. It certainly has been that way all the way so far. To this point perennially being two years away from producing the first lovin' spoonful of gold (or copper).