Member Info for Burt2000

Gold and silver taking a bit of a hit today, strange as it normally does better during times of geopolitical instability but no doubt it will recover again. Maybe plenty locking in profits and putting it into oil and gas stocks

Another top up at 1.69 don’t mind if i do. I didn’t think I’d see these prices again, it’s all about the long term.

Funny how the “war” or lack of it, talk returns on this board whenever the SP starts to climb again and these sellers appear who had million upon millions of shares to tell us how they have sold out and why? Good for you, I

Hope you did well but jog on and forget about it if you aren’t invested any longer…..or are they thinking I’ve jumped the gun (no pun intended) and want back in at a lower SP. This board has some useful information at times but it really is toxic 90% of the time. It reminds me of the Hurricane energy days.

Also on OT, anyone here have discovery silver (DSV) in their PF? I see that as another multi bagger long term with them now producing gold from Porcupine with the intention to

Up that to 500,000-750,000 oz annually and the monster 300 mil oz silver mine that is Cordero (once they get the permit)

Don’t get me wrong. I would love to see it much higher than 5-7p pre production as I’m invested here and for the very long term but I’m trying to keep my feet on the ground and stay realistic. I’m just a bit baffled by the current SP and can’t for the life of me see why people aren’t jumping at this as a long term multi bagger and dividend paying stock.

I am surprised it hasnt breached and stayed above 2p but not concerned and using it as an opportunity to add more when possible. 2 years is a long time to some investors especially those who aren’t in for the long haul. Maybe there’s a lot on the sidelines waiting until closer to production. I can’t see massive strides in the SP until production, the question is how far ahead of the curve you want to be. Some may want to wait but that comes at the expense of not getting in at a lower average. If I had to put a number on it I’d say 5-7p pre production. That’s dependent on gold price though and whatever else is in the pipeline for KEFI between now and production.

Why all the takeover talk? I don’t think it’s anywhere near that stage. Maybe once the mine is built and all of the hard work is done you might get something but I personally think it’s way too early for that. Also Harry and team are not going to put in a decade + of graft to get this to production and then just sell it out. It’s a gut feeling for me but I usually trust my gut and that’s Harry/the board will want to see this well into production, debt free and massive profits. The talk of 10,000 dollar gold by 2030 doesn’t seem so far fetched anymore if what I’m reading from experts comes to fruition.

I would like to think as a bare minimum 5-6p this year and 10-12p pre production….then it really starts to gain traction

“Finessing” the last 5% of the funding, sounds like it could be co firmed anytime.

Good interview, Harry cool as a cucumber. I like the analogy of mushrooms popping up all over the country when he talks about future TK’s and opportunities just like in Oz 40 years ago. The fact that KEFI is one of the first on the scene and has built relationships and trust with all of the big hitters in Government bodes well, no doubt they have many more acquisitions in the crosshairs, TK is only the start in Ethiopia for KEFI from what I can gather.

Got a top up but had to pay 1.84 for it. Those big orders must be getting filled and then off it goes.

Is that big seller dumping again this morning ffs. Has to be those 10m in warrants? Well if it goes into the 1.6 I’ll be buying more.

Funny I was looking for mines to compare to TK in Africa last night and came across Montage. They have reserves of approx 4 million oz at the Kone mine. They Plan to mine approx 250-300,000 oz annually for 16 years starting later this year. TK is about half that in terms of reserves (KEFI have mentioned that with other deposits around the main mine reserves could be double ie 2M oz) and annual production is also planned to be in around 150,000 oz a year for TK.

Montage has a current MC of over 4 billion. We look to be on a similar path but 2 years behind and with half the reserves (only in TK) not including Saudi or other acquisitions. Should we then be at a 2 billion MCAP about 6 months before production? Let’s hope so and don’t forget gold is predicted to be higher in 2 years when TK starts producing.

A placing would be very out of the ordinary given there is almost $340M in the pot. Any recent interviews or RNS that I have seen stated that everything is fully funded and there’s no need to raise through any placing. Strange for it to do 10% in a day but hey ho, tomorrow is a new day.

AIM isn’t the place for the impatient that’s for sure. The only people that care about these fluctuations are traders, not those who are here until the mine is producing. There are no fundamental reasons for the drop in terms of the company’s progress and what it’s sitting on.

Abiy didn’t look too concerned yesterday when he was standing with his arm around Harry and having a laugh. This is nothing out of the ordinary and has been happening since Moby Dick was a sardine. I suspect there’s a few people trying to get a lower buy in price for a little 10% trade.

I am pretty sure this isn’t the first time multiple companies have built a mine together. That’s why you have directors, project managers, supervisors etc and a whole phased approach to the build. Every workers wages depend on getting the job done so that’s a pretty big motivator, they aren’t some 2 man cowboy outfit that does a half assed job on your roof then runs off after you have paid them and switches off their phone.

Realistically I don’t think anyone is expecting plain sailing from now to first pour and it all to be done in record time but I daresay the companies will get there in the end. As I’ve said a load of times, build your position and sit on your hands. There will be many other projects and news in the pipeline (Harry’s words) in between now and TK going into production to keep things interesting. All in my opinion.

I got in before the bell, last top up cost me 2p but I’m not bothered, I’m not selling for a long time anyway. I think this could fly tomorrow as people digest the news.

Got a tiny order there of 1000 shares at 1.93 lol. Still waiting on the bigger one being filled, maybe just a bit slow on T212.

Not sure why myself. I Can’t even get 10,000 at market price this last hour. T212.