Member Info for Burt2000

I did think a bit of cooling off on the gold price was coming, those rises aren’t sustainable day after day, not that it matters much here as there’s no production yet. KEFI is down only slightly compared to some of the large producers that are down 8-10% today. Looks like I will get my top up at 1.50 so I’m happy :-)

Looks like about $4-500 dip in minutes, I wonder what caused that! But yes heading back up now I see.

Im thinking very long term like 10 years+ and yes probably with a consolidation of some sort but not a huge one. Maybe im well off on my calculations but based on reserves and predicted gold prices, If all of it can be successfully mined at peak prices. Plus any futher acquisitions that may come down the line. Even 3 million oz at say £7500 is over 20 billion worth in reserves obviously costs have to come off that. Happy to be corrected though I don’t have anywhere near the knowledge that some of you have on here. The company has 10 bil shares, is £1 per share that out of the ordinary if the stars aligned in years to come? Look at GGP it’s now valued at near 5 billion, I see this as the next GGP. Hopefully I’m right.

I’ve topped up twice today and broken my golden rule of averaging up but I don’t think I will be getting an opportunity around the 1.60p mark again. I’m almost at the amount of shares I want to be holding before this goes above 2p. If it drops below 1.5p I’ll continue to add. I genuinely see this at £1-2 in the next 5-10 years. TK alone has 7 years of production based on current reserves which have the potential to be upgraded.

It wouldn’t surprise me to see gold pull back a little at this rate of increase, as i don’t think it’s sustainable every day, but I do still think overall that the gold price will be well north of what it is now by the year end and perhaps double what is now, by the time Tulu Kapi is producing at around 150,000 oz per year and That’s not even taking into consideration Saudi Arabia. Even though gold is reaching all time highs at the minute I don’t think it’s what is driving the SP here, I think it’s just natural progression of the company. So when production actually does start and the cash starts flowing who knows where the SP will be!

This is the thing, I’ve spoke to a few mates who are also invested here and they all say the same thing , they don’t want to sell and see how this plays out

I see Allied had around 10 mil oz In reserves (not sure how much of that has already been mined. KEFI has around 3 mil of gold. I would live to see KEFI get to production and get some proper cash in the bank then go after some more assets. 10 mil in reserves would be the dream :-). What will

Be will be I’m happy to let this sit for a few years and I’ve never done that before, always bailed too early.

I have a gut feeling KEFI will want to see this to production with the way gold price predictions are. Anything from $7000-12000 per oz in the next 2-5 years. With total mineral assets in around the 5 million oz (3 mil gold) it would need to be a very big offer for a takeover. Even with 10b shares in issue with those assets £1-2 per share isn’t out of the question if my calculations are correct. It could well be a future FTSE100 company

Has anyone got an accurate figure for the number of shares in issue, seeing anything from 30 million to 10.7 billion

Had to be done to keep the lights on. £30k a month gets you a lot of electricity….he did well out of his time there, nice addition to the pension pot.

I personally think this is a bargain at 250p, considering my the placing was at 400p and though type of investors don’t usually part with cash if they don’t see a decent return. Definitely one for me to be buying more at this level and holding for the very long term.

All of these new posters appearing that are experts on the company? Be warned

Nobody knows how much cash they have, they haven’t said. Pump and dump crew.

He’s spouted *******s once already with a monumental **** up as a result. Nobody will trust this man again and if you do you need your head looked at.

“Don’t think about failure just think about success” that line will haunt him forever….all his talk of the years of experience he has and yet he showed a huge lack of experience with that approach.

Good luck in whatever strategy you decide to go with but I’ll not be buying back in here….time to look for some covid hit stocks that might recover now as we might be heading out of this pandemic soon. I’m done with wildcat drillers that’s for sure.

It’s game over for Buffalo but not for ADV then. Bottom drawer for now. I’m sure the £30k a month will be getting the handbrake out in it (reducing costs) and rightly so. Next asset might be the turning point, wait and see. It’s gonna be a bumpy ride for a while.

The words drilling is at a “critical stage” also caught my eye too in the RNS. Almost like a clue to get out. I wonder if the directors were selling on the Tuesday surely that has to be documented to shareholders no?

The question is now, is the company shutting the doors or are they or are they prepared to move on and release the details of the other plans they had and how they plan to fund it?

If they RNS tomorrow and it’s a carbon copy of the CVN one I’d be very angry. If they explain in detail what has happened and that they have basically had their eye wiped by CVN but they are prepared to turn things around then that at least shows that they are wanting to do right by the shareholders. Basically I see it as the future of this company hangs on what they say tomorrow and how it’s said.

If they don’t wind it up then there is always hope for the future but it could take a very long time to recoup some or all of the big losses, for anyone who didn’t sell that is. Other companies have hit dusters and still been able to continue, it may take years to sort though (if it all)

It will be interesting to see what ADV’s RNS says. That’s very short and blunt by CVN and swiftly moves onto their next project. No mention of what went wrong etc. I still think there has been a big row between ADV and CVN. Looks like they are saying we will leave the well safe and you can do what you like with it if you want to take it further but we are out.

If that does turn out to be the case then LP and his board are the biggest bunch of ****s ever to grace the LSE.