Member Info for ElectricLion

I pretty much agree Xhita. Once the resource is good enough to secure funding, there is no point in spending the time and money expanding the resource further until funding is secured and construction begins. I am also heavily invested here, and would love a huge multi-bagger!

That said, anything beyond the base case is not proven. I have learnt a degree of caution over the years - this sector is not for the faint-hearted, and am content to let it play out naturally over the next couple of years (at least, maybe more). IMHO, investors should consider similar logic to the company itself, in some senses - work out a base-case (and only invest if that base-case is good enough) and then anything extra is pure upside. I prefer to be pleasantly surprised at making 5x my money, rather than disappointed if it doesn't turn out to be a 30-bagger!

Agreed Ortherncopper. As we get closer to production, a P/E-based valuation, with appropriate discounts for jurisdiction etc, is far more appropriate than just taking the total in-situ value of the resource. It takes years to get it all out, for one thing. If you work out those numbers, they're still pretty good, but all this talk of 30-baggers sounds naive to my increasingly old and jaded ears. I'm not saying it's impossible, eventually, but it is certainly seriously premature. Let's get TK into production and see where we are then.

GDXJ opened a few minutes ago (New York trading hours). Anyone quoting prices today was either mistakenly quoting prices from Friday's session (in their haste to attack others), or pre-market prices, which, due to low liquidity, tend not to be great indicators of real market prices once the market opens.

At time of writing, the GDXJ is over 9% up vs. MTL at nearly 6%. So, as myself and the Major suggested earlier, the rise today is probably due to the Iran news, rather than company specific news.

That can be interpreted in 2 ways, depending on whether you like your glass half full or half empty. On the one hand, the market does not rate MTL's news today very highly at all. in fact, it may even be taking a pessimistic view - perhaps hoping for nearer-term opportunities - given that we are not even keeping up with the benchmark (although it's only a single day, and so not very statistically significantly). On the other hand, that means that today's news comes "for free" - there is probably nothing in the SP for it, and it should certainly add value over the longer term, so on that basis, there is more value in buying MTL now than there was yesterday.

I remain hopeful that reasonable, factual and respectful discourse can take place on this board, but that will probably not happen until folks stop shooting first and asking questions later.

Report and/or filter the scamsters.

Ugh, another one. EthiopiaInvestor - I assume referring to Sharezy as "she" is intended to be derogatory, and therefore casual sexism, rather than any actual knowledge of that poster's gender? Don't bother replying - filtered already.

Tell me Lee, what are the GDXJ opening hours?

Lee - I know you don't invest elsewhere, but look at the news headlines for goodness sake. Let's see what the GDXJ does today, and then we we will be better able to judge.

We'll have to wait and see what DB says about that. I dare say there'll be an interview popping up today. My guess is that this is probably it, and that I'd also be wary of trying to take on too much at once, but who knows.

RNS: https://www.investegate.co.uk/announcement/rns/metals-exploration--mtl/agreements-to-explore-batong-buhay-project/9617071

According to the story, it's rights to explore, not a ready-to-go mine, so, if the story is true, it looks like it'll be a slow burner: "...still need to drill to prove the viability of the gold and copper deposits at the site..."

Still, I think both the market and this board will appreciate some concrete news either way, and hopefully the Iran situation is under control, at least for today, so should be a good day ahead.

* Unless they are junior ISAs. My kids have some.

Yeah, I don't think you thought that through Major...

Agreed diggit. Pretty low behaviour IMHO (no pun intended!) As for 0.2p, well that doesn't deserve any response, bar a withering look!

More than a million quid in sells, looking at the price. Let's hope that's an end to it. I think the odds are reasonably good that it is. Fingers crossed...

For some perspective: KEFI vs. GGP, based on Google's numbers:

1D 5D 1M 6M 1Y

KEFI -4.46% -10.50% -18.83% -29.72% +86.98%

GGP -5.03% -14.69% -23.69% +43.81% +72.57%

Not picking on GGP, but it's often hold up as AIM's biggest gold equity success stories, so thought it would be interesting to compare. Folks fixated on KEFI's SP would do well to look elsewhere and realise that it's not just us suffering.

Some nonsense written on here sometimes. Let's not all completely lose our heads just because the SP is down...

Agreed Fantasy. The negative spin is just the emotion caused by a falling SP. It is human to feel that way - I'm frustrated too, but as you say, the head should rule the heart in these situations, not the other way around.

By "people", do you mean IIs or PIs? IIs know the score and invest for the longer term. It won't, and indeed shouldn't, bother them unduly if the SP dips below their entry price - they know that shares go up and down. As for PIs, well, I hate to be the one to break it to you, but no-one cares what we think! No offence meant, but we're just not a big enough bloc for anyone to take us seriously. If we all voted in the same direction, then that's a lot of votes, sure. but statistically, most PIs don't vote at all, and the rest don't speak with one voice, so we generally don't have enough weight to change anything.

The Lassonde Curve is a model, not a prediction or a guarantee. We live in turbulent times, and share prices never move in a straight line.

That said, the man himself remains pretty bullish...

https://www.youtube.com/watch?v=Gp8VqtZCP0U

HAA's interviews improve considerably at 1.25x speed! I usually, genuinely, find what he has to say quite inspirational, regarding the huge potential for KEFI's future, but he does have a nasty habit of killing the mood with placings and what not. When all's said and done though, Trump kicked off the Iran situation, which (allegedly) forced HAA's hand with the latest (I'd like to say last, but we still have 18 months until first pour) placing, so he should shoulder a lot of the blame for the current SP as well. Trump must have cost the global economy trillions with that little adventure.

Of course I should have sold at 2p - kicking myself for not having done so, or at least having a few stop losses in, but for me, it's too late to sell now. the damage has been done. That's not to say it can't go lower - anything can happen, but I have quite a few million shares, and can't turn on a dime anyway. In 12-24 months, things should look very different, so I will try not to feel too bad at the current SP, and continue buying when I can afford to, on the basis that the longer term should sort itself out quite nicely. Just a shame we have to go through so much turmoil in between times.