Member Info for CentralCashier

Holy smokes we should gap up tomorrow.

"In the public domain he has previously served as CEO of Ceres Power Holdings Plc, CPP Plc and Card Clear Plc. At Ceres he was initially appointed as turnaround CEO, followed by undertaking the role of SID, with the market capitalisation growing from £3 million to over £2 billion in less than four years."

Look at the long term chart and where it is today. Look at the research from Grizzly and others. Not sure what this appointment could bring to VCP but lets see, I think we need a trading update with some actual profitability before this starts to go anywhere.

From all reporting ,the UK side of the operation seems to be doing well, but the rest of the world seems to be letting VCP down, a huge portion of the debt is from financing the acquisition of non UK companies and these are not bringing any profit. Dispose of these (easier said than done of course), reduce debt and this could recover very well.

My 2c, DYOR.

1.33 finish.

Look at GGP, was insanely undervalued for a long time. Sometimes the market is unpredictable, if you buy at a discount to NAV with a long term view you will generally do very well.

Caterham7 the purpose of the RNS is clearly to update all investors and potential investors as to the direction and state of play of all assets KEFI has (and their potential). Any publicly listed company wants to increase its SP and if you have read the RNS in full and believe the current SP is a true reflection of the value that the company is sitting on and why they felt the need to publish such a document, then I would sell all your shares and whack them in a building society.

Worst performing? We were at 0.47 earlier this year, we are now at 1.445. We have increased 3x without any mine, certainly been a good year from my perspective...

Joke Company? A bit of a stretch, building a mine in Ethopia is not like building a housing development in the UK.

By splitting the ownership and incentivising more local investors, HA for all his pitfalls has the Ethiopian officials on his side and is set to make the right people there a lot of money.

This is happening, if you own shares at this price or below congratulations.

5.12pm for a retail book offer that will (anticipate to)be closed by the same evening? Seems a very strange approach.

I don't think by any means its "priced in". If you know what TK has and the roadblock this finance has been, many have been waiting for definitive sign off. Once it happens, KEFI has almost no exposure, just sit back and wait for the cash. A few people have commented on the age of HA, but the way the deal and equity has been structured, he has to do very little once the finance is over the line. It can take 4-5 months to get a small mortgage agreed in the UK, if you scale that to the level of finance that HA requires, for a gold mine in Africa, you may appreciate the complexity of the deal ....

Still have Saudi in the back pocket, it would be good to get the finance sorted and then either sell of develop Saudi. Sign off I imagine would see a slow rise up, but unless gold takes a (huge) bath then KEFI will be golden (excuse the pun). Also more importantly, if and when TK gets the wet ink on all signatures, the doors this opens for KEFI in other parts of the country (as HA has already hinted at in previous interviews).

For anyone who's invested in goldmines who are marginally breaking even at 3k per oz and wants to retain gold exposure (in the event of a pullback on the gold price) can be safe in the knowledge KEFI is funded and has a VERY low cost per oz, making it one of the safest and most geared gold investments (once finance is finalised). Until the deal is done, its a gamble.

Fortune favours the brave, and anyone who was here earlier in the year down in the 0.4 price range has been suitably rewarded for their patience, but we all know whats still to come.

Merry Christmas to all.

@ChrisTypeR just sold out, was a good run, sure there is more here but got my own rules and this has been huge for me.

Glowacki, look at the last accounts, its all there, over 700m is basically just debt. Sale and lease back of factories is even worse as you cannot save costs here, its only going one way, up.

I see Hammers bought some shares, considering some years his total compensation is close to £3m, picking up £27k at the bottom to try and stimulate the SP when its the lowest its ever been is quite telling.

Debt is now at over £1bn.

Operating profit just £11m, with a net loss of £140m in just 6 months.

There is simply no way to pay down this debt now, Victoria proposed 10% rates on new bonds (and this wasn’t even approved). So 10% of £1bn is £100m, if you take the net loss of £140m for 6 months and assume a 12month loss of just £200m, the the turnover needs to increase exponentially (probably 3x) just to generate enough cash to service the debt, madness.

I know their CEO went, wasn't there something around the deal with Tapi that's come under pressure?

If you look into the recent TR1 of "First Seagull AS" and what they try and push for with the companies they invest in, it doesn't,make great reading.

DYOR.

Agree that's a great find MH01, I presume its been done as its now 8pm Sydney time and they need to give prior notice before the "city" closed in Sydney ready for Monday, huge news, might get 10% Monday?

What’s everyone holding for now? This was sort of the max of my projections price point wise for my investment but the sentiment seems strong. Without dividends I’m wondering how much more there is to go here?

The Korean permits are the only thing that can redeem this. Although if you have been here long enough, you will remember the previous management had all but written this off.

Could be 1p? More chances of 10p than 1p.

@Magnacarta didn't you claim to be short of KEFI at .50 levels?

HA has stated multiple times (on record) that the final portion is over-subscribed, anyone that's invested in KEFI knows timelines are always taken with a pinch of salt.

Below 40p again, (all time low was 37p) the market just doesn't take any positives from the RNS's, neither does the bond market.

Will we see some significant director buys at this level?

Big tranches of 21,923 shares purchased, I wonder if someone is stake building.