Member Info for ElectricLion

Several big trades gone through today. Whether they are buys or sells, they get us closer to clearing out the placing overhang and a re-rate back to the 1.5p area at a minimum, and hopefully more in Q1.

After TK finance is really, truely and unequivocally finished, we could do with a roadmap of construction milestones between now and first production, so that we can see the to-do list getting done, on budget and on time. Despite HAA's (well deserved) poor reputation in this area, I am hopeful that construction will go much smoother, now that we have the funds.

I am undecided about SA. It's a shame we couldn't hang on to more, but the same folks complaining about our dilution there would also have been screaming blue murder if further equity fundraises had been done to keep them, so it is what it us. Can't win 'em all. Going forward, I'd like to see a concrete plan there too, one way or another. Let's start getting some value in the MCap for them.

You're never wrong are you mate. Except when you are. But you're never wrong, so even when you are, you must have been right all along. lol

SP and GP finishing the year strong. Good to see. I've not much to add to the discussion at the moment - MTL is one of my holdings than I can pretty much just leave alone and trust that it'll take care of itself!

Looking forward to seeing the first ozs produced from La India in 2026. It's been a long wait!

Happy Christmas everyone.

Agreed Theanalyzer. Some comments way OTT and shows up the posters making them for the amateurs they are.

As far as unwelcome Christmas presents go, PREM has to be a contender. I don't follow them, but I saw the 33% drop and looked to see why. Bailiffs are taking their gear away! Ouch.

Well, I've had a good year actually. 12 month chart has KEFI starting the year at 0.49p and ending at at around 1.3p. I'm sure some would have been predicting far more, and far sooner, but we are where we are and Rome wasn't built in a day. With the gold price where it is, 2026 should be good too. Fingers crossed black swans stay at home! lol

Happy Christmas everyone.

Tml1 - could you not have replied to Lee on the correct board (ADVFN), rather than on both incorrect boards (LSE KEFI and MTL)?! lol

More generally, feel free to invest where you like, but bear in mind some prefer not to have all their eggs in one basket, and that some KEFI investors such as myself and CarefreeCarry have already made rather a lot of money over there. That is the name of the game is it not?

...going on here today. Certainly easy to tell the men/women from the little boys/girls on a day like today. You gotta laugh at some of it though - quite clearly most wanted a quick exit on a big spike and are now throwing their toys out of the pram that they didn't get it. Evidentally never heard of actual investing. I blame social media TBH - everyone wants to be rich and famous, but they're not prepared to earn it. Sooner the PIs clear the building and the IIs take their place, the better for those of us who will remain.

So sell up and bugger off tml1. Seriously don't get why folks hang around on a share they don't like. Bizzare behaviour. Basically marks you out as a rubbish investor, regardless of whatever performance you may or may not have turned in.

StephenX. Last note before I sign-off for the night. I get that you're disappointed/hurt, but I'd be careful of the accusations you throw around. I don't think HAA lied in an RNS. If he had, he should, quite rightly, be torn a new orifice. But he hasn't. You read what you wanted to read. That's not the same thing. Maybe take a break and re-read it in the cold light of a new day.

StephenX - as I said before, it's been clear for some time that there will need to be a raise to clear "closing costs". This has been known for some time. Initial figure bandied about was $5m IIRC, later increased to $10m. Regardless, no good crying about it now. If you didn't see it coming, then I can see why it may feel like a betrayal, but the writing's been on the wall for a while, for those who look closely enough...

Respectfully, if you thought there wasn't going to be an accompanying fund-raise then you haven't been paying attention, and you only have yourself to blame for that, no matter what anyone else has said.

It's not bad news though - it's to enable a hugely profitable project to move forward. If you don't like it, do what many folks will be doing tomorrow I dare say, and head straight for the exit at whatever price you can get. That may also be a mistake, but that ain't my problem...

83% ownership is nice. Some dilution in various forms was to be expected - you don't get your hands on $340m without giving something in return, but TK will be a cash-cow once operating.

Well there we are. It's done. A chunky raise at 1.3p - predicatable, although a little larger than I was expecting. I was pencilling in 11bn shares by production though, so glad to still be under that, for now. Gonna be chaos tomorrow. Some will bail ASAP for their own reasons - the raise, sell the news, etc. But the wise will take advantage of any drop, if they still have dry powder of course, which I don't! lol

Really not sure what everyone's getting their knickers in a twist about.

"The Company continues to expect to have assembled the entire Project finance package this month, enabling full launch of the Project, and further announcements will be made in due course, as appropriate."

Chillax.

Pretty sure I have a direct debit with Interactive Investor for my fees with them. I'd be pretty annoyed if I found they were selling my shares!

No, you don't get it. Everyone is united in telling you that you don't get it, but you still think you're the only one who sees the truth? Anyone with an ounce of humility or even common sense would at least stop and have a think before doubling-down once again. Sigh. My last post on the subject as it seems you can't be helped.

The MCap drives the SP, not the other way around. The SP is just a result of the taking the MCap and dividing by the number of shares in issue. That's it. You're looking at it completely backwards. Focus on the MCap being the important thing, not the SP and hopefully it'll make more sense to you.

Good luck. You're gonna need it.

Ah, but also...

1BN shares in issue @ 30p = £300M MCap

3BN shares in issue @ 10p = £300M MCap

Think about it.

I'm struggling to even imagine what's going on in your head JBCo. The number of shares in issue is all but irrelevant. If the MCap increases 10%, the SP will increase 10%, assuming the number of shares does not change. What's so hard to get about that?

JBCo - since you popped up on the MTL board spreading this nonsense, it seems only fair that I'm allowed to rebut your arguments over here. Suffice to say, it's pretty obvious to just about everyone but yourself that you are utterly clueless. I wouldn't mind, except that you seem to want to pick a fight with MTL and it's shareholders for some reason. There are valid criticisms that can be levelled at MTL, just like anywhere else - it's not a perfect world, but your argument is simply not valid, as it seems you can't do extremely basic maths. You're embarrassing yourself. Better to remain silent and be thought a fool, than open your mouth and remove all doubt.

JBCo - in all seriousness, you need to go right back to the beginning and do some simple maths. MCap = number of shares X price of each share. It's that simple. It appears that you have no idea about the very basics, and that ought to worry you, if you're investing your hard-earned cash into the stock market. You're setting yourself up for a fall otherwise.

4405 posts, and not a clue. Remarkable.