Member Info for ElectricLion

It has been apparent that the Philippines is not the best jurisdiction for mining for some time. A while back, DB did an entire presentation on the reforms he thought were needed. At best, it just takes a long time to get anything done. Nic has it's own issues, but they are far more open to mining investment.

Acquiring another project in another jurisdiction would be very useful to manage the risk of having all our eggs in one basket, no matter how good that basket may appear to be. But there are only so many projects like La India globally, and they will all be substantially more expensive than CNR was, now that the gold price has taken off, and pulled the whole sector along with it.

Interesting times. I'm holding, but with a little less conviction than before. La India is the golden goose for sure and sentimentally, I've gotta see production happening there, having waited all this time! But I would really like to see some good news elsewhere for a change as well.

Agreed Mike, and with Caterham7 too. Too many gamblers on AIM. But investing the slow and steady way has taken me from 0.6p to 1.6p, with a paper profit in 6 figures already. Plenty more in the tank, for those with a little patience.

Oh dear. Low-level indeed. In more ways than one.

Your judgement is self-evidentally poor, given that a.) feel as you do and also b.) are invested, at any level. Simple as that. Don't buy (or hold) something you don't believe in.

Major - difference is that gold has been "believed" to be valuable for thousands of years. Therefore it is much less likely that belief will end tomorrow, or in any foreseeable future, than anything else which has less of a history. So it is different in practice, even if not in theory.

Https://en.wikipedia.org/wiki/Hofstadter%27s_law

Hofstadter's law: It always takes longer than you expect, even when you take into account Hofstadter's law.

Sakura can be a bit grumpy, but filtering her over it seems harsh. Also, I don't see the similarities between her posts and Tikitaki's. Finally, it makes it easier for everyone to follow the conversation if the threads are used correctly. It can get a bit chaotic/confusing otherwise.

Jewster. I was in GGP during the rise from sub-1p to 34p. It didn't need any production at all to do that. Also bear in mind they've had a consolidation, so be careful when comparing before and after share prices. They've had a good run the last year or so, but then, so has most of the sector, so some of their SP appreciation could be due to the gold price, not production. Finally, the gold price at $5k+ changes the game, compared to gold at $2k or below - rules of thumb may not be as applicable at the kinds of prices that we are seeing today, as opposed to the ones which have held sway for much of recent history.

If traders think they can do better by jumping around, then let them try. No skin off my nose either way. I don't know what the SP will do for the next 2 years, but I know where it is now, and I have a relatively good idea of where it could be once production starts, and the difference is considerable enough so that I don't want to mess it up by trying to be too clever. Besides, I have a day job, a wife and 2 kids, so I can't sit glued to the screen waiting for the perfect time to trade in any case!

That's a bold view Krok, to say the least! If you think gold's going down to $2000/oz then you should be shorting gold, silver and all gold and silver equities. If that comes to pass, the whole sector will get clobbered. So your strategy makes little sense.

It'll work out for you I think, as there's little to no chance of gold going down to $2000/oz - even below 4k seems unlikely as things stand, so your investment in KEFI should be fine!

No self-awareness at all. Calling people "cretins" is not constructive, and indeed, is quite abusive. You seem perfectly willing to dish it out, but can't take it. Filtered.

2 posts and becoming boring already. How about you contribute something yourself?

@cjm682. Look in the mirror. You're part of the problem. Take your own advice and filter those you don't like.

The drop is not KEFI-specific. Open your eyes.

Lee and the Major two sides of the same coin. Point-scoring and general tit-for-tatting is getting boring.

Gold (and silver) went up too far too fast, so pulled back when there was an opportunity to do so. So what?

It's also not AIM, and the SP isn't being manipulated, or if it is, the same powers are manipulating the entire market - GDXJ down 13.63% today, so MTL doing better than average, not worse (although further drops next week are possible).

However, big picture - gold at $4889/oz! Runruno still making money! La India on track! Still debt-free! Dupax remains a big bonus, if it comes off! So chill folks!

Most of the sector is down by a similar chunk. Check the gold price. It's not KEFI specific.

I dunno what's with all the takeover talk. I think some folk would expect multiples of the current price in a takeover, but that's generally not how takeovers work. The buyer has to justify the cost to their own shareholders, just for starters. A takeover at any point over the next 24 months is likely to leave a lot of money on the table, so I'm not in favour of such an outcome.

For starters it is exceedingly disengenuous to claim that "you lot" (whoever they are) love Harry - you either haven't been around long, or are trying to re-invent history with that one. Plenty of folks here from higher prices and/or longer time-frames have nothing good to say about him at all (perhaps you are one of those?).

The more realistic here, appreciate that, as a human being, he has strengths and weaknesses, as we all do, but that he, and KEFI, have at least endured, where many have not. And that, as the future is more important than the past, that we are now well-positioned to make a lot of money from this point, if you have the patience to simply do nothing, but wait.

Typical fund-raises dilution occurs, if you're lucky, a little below prevailing market price. If you're unlucky, it can be considerably below. One of the juniors on my watch list recently raised at almost a 50% discount to prevailing price (no I CBA to search for which one - DYOR). It would be very rare indeed to buck this trend (although the very few - maybe two? - that I've seen raise at a premium to the prevailing SP have gone on to do very wel indeed - so it's certainly a bullish indicator if you do see it).

Bear in mind that the rampers may simply have different timeframes to you. No, 5/10/15/20p whatever, aren't going to happen by this time next week, but do the sums yourself on the kind of money KEFI could be pulling in when in full production and determine for yourself what an appropriate MCap for that kind of company could be. You may be suprised, if you have the patience to stay the course (and stop moaning of course - self-pity is never a good look!).

I also have 5 separate accounts with II - trading, ISA, SIPP and two child ISAs. It's handy having it all in the same place. III also have some sort of family-linked account whereby you can have an account for a family member, so long as their balance is under £100k, I think it is. YMMV, depending on your requirements.

To Simms point, I haven't really tried to compare in practice, but if some platforms have low/zero fees, and then scalp you on the spread, then the best platform for you depends on the quantities you're trading. The calculations may come out different, depending on if you're trading many small sums, or a few large ones.

I use Interactive Investor, and they just reduced their prices recently, so worth checking them out to see how they compare. There may be better options, but I've had no issues with them.