Member Info for buried_treasure

"this company will keep diluting and buying more bitcoin"

Riiiight. So as the value of the bitcoin goes up, your share in it goes down in inverse proportion. Moreso actually, because of the PLC costs (you've got to pay for these alchemical talents).

If you can't see the flaw in that model maybe you need a practical lesson in it to learn the hard way.

Anyone buying this is a financial masochist.

"The premium is required to allow them to dilute and buy more bitcoin, which supports the market cap. It's forward looking, not current asset based."

Those have to be the most naive two sentences I've ever read on an investment bulletin board.

Do you also believe in trading cows for magic beans? Your explanation of the buy case here is on a similar intellectual level.

CLSKBull

Oh, the market well understands this business model alright.

I think you will find it takes its name from Charles Ponzi, its most famous exponent in the 1920s.

There is nothing to support the price when a new 'investor' (or mark, gull or mug) buys in other than the ever rising price paid by future investors (or bigger fools).

Again, if you think BTC will 10 bag, which is at least what is needed to support the EXISTING valuation, the best thing you can do is BUY BTC.

Whatever you do, make sure you are not left holding the bag when the music stops. As it inevitably will. These bubbles never deflate letting everyone manage their exit. They burst, leaving everyone to lose almost everything.

You cannot say you have not been warned.

Apologies, I got my numbers wrong.

You have 58.71 BTC in treasury.

The BTC holding is worth £4,676,000.

There are 187,000,000 shares in issue.

That is a NAV of 2.5p per share.

The shares trade at a 2768% premium to NAV.

The assets in Treasury are 3.6% of the market cap.

That is INSANE.

This share continues to be for financial masochists only. It will unwind. Don't be left holding the bag when it does.

An investment company in liquid assets with PLC costs should always trade at a DISCOUNT to NAV, not a premium. At 2x NAV this would be a sell. At 14x NAV as currently it is a screaming short.

And once you get your OTC listing I predict this will be shorted aggressively by people backed by multiples of your mcap. You don't short squeeze them. They just double down.

Fundamental value will always out over time, we saw this in the dotcom incubator bubble. But I hope you enjoy the ride up.

I'm not comparing the two. I was contrasting my stance on KEFI with that of Tom Winnifrith, who Hydraulicmech accused me of being.

If Bitcoin is going through the roof.... buy bitcoin. Don't buy a share whose NAV in bitcoin is 7% of the price you are being asked to pay.

Nope.

"Walk on by" is exactly what the promoters, pumpers and other scallywags want me to do.

If you look at my posting history you will see I've been calling out KEFI long before Winnifrith's epiphany this week.

I'm going nowhere, and will continue to lay bare the precise nature of this naked promote (5p NAV v 69p price) lest more marks walking by this particular three card monte get suckered in by you, Hydraulicmech and the other shills.

Bear666

You are an insider or a total mug.

Care to confirm you're not an insider? We will draw our own logical conclusions.

Bear666

You are either an insider or a total mug.

"It's taken years to get to the position of TK launching."

It has been years, literally years that you have been told TK WILL LAUNCH in the next few months.

Look at the RNS from 24/11/2015!!!

https://www.investegate.co.uk/announcement/rns/kefi-gold-and-copper--kefi/conditional-placing-to-raise-us-4-million/4242537

WAKE UP!!!

EL

Precisely how does the fat lying Aussie "defuse all this rather quickly"?

And if we can agree on that, why did he not stop it all becoming unstable and potentially explosive in the first place?

Adams, Leach and the rest of the entourage need to go. Immediately. Never to be seen on public markets again.

Some of the posters here are proof positive that, as Barnum once famously said, there's a sucker born every minute.

Another "last one to get financing over the line" placing (that's 4 now) and STILL some of you are suggesting not to undermine Fat Harry and spook the African banking horses.

NEWSFLASH : The horses are about 5 years over the horizon and you are worried about that stable door creaking as it swings in the breeze...

WAKE UP!!!

You've been had.

I doubt TK financing will ever happen with Adams as skipper, and one of your syndicate members doesn't like their equity risk for a debt return. If everyone was happy and willing, this would have been done years, literally years ago.

Yet some of you still don't get it.

Preserve the cash, sell Saudi, pay off your creditors, whitewash the losses and divi up what's left.

But the first thing you need to do is get the fat lying Aussie and his entourage off the gravy train.

The premium to NAV here is utterly ridiculous and will unwind. Only question is when.

You can make money trading this or by holding until multiple fresh bookbuilds take the NAV past your entry point (a geared 'bigger fool' play), but...

FGS don't get caught holding the bag when the music stops.

Hydraulicmech's posting history makes them look like they are an insider. They will only tell you what they want you to hear. Be very wary.

"We wait, we hold."

How heroic. Who would you like to play you in the movie Dusty? Charlton fkn Heston?

As a reminder, anyone who can get their dealing costs and a Mars Bar by selling this junk should hit the button and enjoy their chocolate. While thinking of the lesson they have learned, and resolving never to fall foul of intercompany and related party schemes ever again.

"Priced to fail" the man said. It's HALVED since then. It can halve again, and go on halving till the vet arrives to dispatch it.

Tick tock.

NAV 1.55p

Retail offer at 49p

Anyone buying into that deserves all they are going to get.

For financial masochists only.

"the bull**** there is way more entertaining and way less fking tedious than this .

my suggestion would be... [yada yada yada]"

Really.

My suggestion would be that you **** off over there.

Calling DavidRoberts.... David, this rob character has just elbowed you off the TM1 mug podium. Share your forecasts for 2026-28 with us and see if you can get back in the medals.

Yeah, we all know what Harry has the skills to do. Some of us saw it years ago and bailed. You saw it again yesterday.

Once someone shows you who they are, believe them the first time. If you don't learn your lesson it WILL be repeated.

While TW's stance is indeed 'hold' as he feels he will be able to sell over 1p (and looks forward to the day) when funding is secured, anyone who thinks he might have calmed down overnight needs to listen to this morning's bonus bearcast.

He is absolutely excoriating towards Adams. I think it is fair to say the scales have fallen from his eyes, and he now also sees Harry as the fat, lying lifestyle grifter a few of us have been warning you about for the last few years.

"Well that's time, so just relax now. Calmly let that distended jugular go easily, gently back to its natural position.

9 o'clock Thursday next week Mr Slay? Very good. Carol will take your £85 for that session on your way out. Yes, we know you're martial arts trained, and yes, we know those hands can and will kill if you ever meet Mr Treasure, but try not to take it out on the wife..."

Dusty in meltdown again. Troajan upping his post count. No Recyclus accounts. Tom Winnifrith about to do another hatchet job.

Plus ca change.

Anyone buying or holding is certifiable.