Member Info for cjm682

It seems as though @robjm66 sold out at exactly the right time, citing the same concerns. Time will tell whether that was a good move or not.

Wouldn't surprise me at all.

@CrazyTowner - I agree. I topped up a tiny amount (£3000 @ 1.87) taking advantage of weakness. I normally jinx the market but this time, hopefully, another shrewd move. Fingers crossed for a 2p close.

Apologies, it was @KG who mentioned risk management. But my original point stands. Just topped up another £3000. Probably jinx it 🤣🤣🤣

@Stebo - I agree. War will always be a risk, and just because it might flare up again, doesn't mean it would last. As @CrazyTowner said, this has all been risk-managed, so I am surprised that @robjm66 is selling....though.....if it's right for him then cool.

I agree - I wouldn't say 2p has been smashed (yet). For anyone who bought at 0.5p last year, a four-fold return on your money at 2p would be a result, and I'd never criticise anyone, at all, for taking a profit. A close >2p today would be awesome.

....a bit like me - 58 this year, just come back from Norway skiing with my family and totally knackered with both knees gone and bruises from falling over on the bunny hill 🤣🤣🤣🤣

Personally, I'd be more than happy with a close at (or slightly above) 2p today. I'd much prefer to see 5% gains daily towards 3p than larger, more volatile movements. Each to their own, I guess.

@PatShare - OK, understood. Yes, I have around that amount - only because I've averaged down over the past decade or so, regularly putting in a couple of grand here and there. My first shares were bought pre-17:1-consolidation for 1p (17p new money). Might top slice some at 3p or so to lock in some profit but will let most run. It will take some nerve to hold if it gets near to double figures though.

@carefreecarry - sure. My SIPPs are currently worth about £800k with about £80k in KEFI (roughly) so it would only take the share price to go to 5p or so and I may breach that £1m. Already taken £34k tax-free from an old DB pension so have around £230k left. As I said, a nice position to be in. Wish my split was more weighted towards ISA but there you go.......

@PatShare - maybe I have mis-understood, but if all of your KEFI shares are in an ISA, you won't pay any tax at all regardless of how big the gain is. Got a bit confused when you mentioned your gains being over £3k allowance. As I said - I have probably mis-read your post.

I have about £120k worth now (at today's market price) accumulated over 14 years, about 1/3 in ISAs and 2/3 in SIPPs. ISAs are obviously tax free and SIPPs I still have most of my £268k tax-free cash to take.....so I guess I only have to worry when the SIPP gains start to get near £250k. Not going to worry about that for now, though it'd be a nice problem to have if it happened this year.

@stephenx - I agree, 100%. Bonkers may have had some odd views, but some of his posts were factual. He got a lot of stick, consistently on here, and some of it was unwarranted. Some posters here are, for sure, obsessed with him. Despite being constantly castigated on here by the same old posters, he rarely threw terrible insults around like some on here.

@emcauslan - a very good post. I have been here for 14 years and have become very weary with the way KEFI management communicates. It's "launched" this and "expected" that, etc etc - and hard to sort the wheat from the chaff. The word is obfuscation. There is no doubt that things are looking good, even though there is still a small amount of finance work to finalise and sign. I am not selling anything - I expected the share price to go higher on this news but, to be honest, am not really surprised it didn't. Hopefully it will tick up over the next year or so.

@UserSteve

You are correct - it is not fully signed. It is "effectively" fully signed. The only difference between yesterday and today is signing of $20m royalty. The rest is still outstanding.

@graff - Another bidder would have come in by now, I reckon. You are obviously on a loss here and desperately want >30p, but it most certainly looks like it's 30p. Just because some think Sidara are getting Wood "on the cheap" it doesn't mean that another bidder will enter the picture. I think we all have to accept it's 30p.....and that is probably a godsend given the amount of debt they have. Just my 2p.

@robjm66 - I skimmed the first article, will read a bit more in depth later. Thanks for posting.

As the article states, this must have been orchestrated because metal prices plummeted across the board by obscene amounts at exactly the same time. As you say - gold is already recovering.

I bought £15k of ANTO yesterday morning because that spiked 12% in a day then fell off a cliff at the same time as copper, so hopefully that'll get me a few beer tokens too.

....oh, I thought the recent spike to 1.7 was generally accepted by the forum that the placing shares were cleared. Average daily volumes and all that.

Nobody really knows who is selling and whether they are placing shares or not. Nobody can say that for sure, though many will draw the conclusion that if the share price is going down it must be placing shares.

As I mentioned earlier (now that I am back) that risks still remain here, and just because Harry says that equity finance is, effectively, done and to be signed off in February, it doesn't mean that it's the truth.

Placing shares or not, the share price has weakened over the past few days and the only thing that will boost it is total, unconditional finance signoff - with no caveats what-so-ever.

Let's hope February is the month.

@sharesy - all fair points which I largely agree with, which is why I am still here after such a long time. As I said, I read all posts and I even find the negative ones helpful, because it balances things out. I will try not to post much over the next two weeks - fingers crossed we get that finance. I've recently retired and I need that villa in Portugal.

Totally agree, @stephenx. Maybe (just maybe) this time everything will get sorted by the deadline and we reach the dizzy heights of 3p or more. Fingers crossed.