Member Info for ElectricLion

"KEFI (AIM: KEFI) reports that the signing of the US$240 million Tulu Kapi Gold Project (the "Project") debt capital offering is now expected to take place this week. This follows a procedural matter, now resolved, that was required to be addressed by one syndicate party last week.

The overall process remains unchanged from the steps and schedule previously set out, with various construction projects already underway and advancing as part of the sequenced launch this month of the full US$340 million Project, and with Project equity capital arrangements advancing. The Company has unused working capital resources and undrawn facilities in place pending drawdown of full Project finance.

A further announcement will be made as soon as appropriate."

https://www.investegate.co.uk/announcement/rns/kefi-gold-and-copper--kefi/tulu-kapi-gold-project-update/9165981

It's a discussion board Major. You don't get to decide what folks choose to talk about. Get a grip.

Ugh, you know I kinda miss the days when no-one knew we existed, and was only the resident LTHs having a good old whinge. Now we've got new folks, here today, gone tomorrow, no doubt, who think they know everything. Sigh. Still, it's a sign of success I suppose. If we were still trundling along at 0.5p, they wouldn't be here. It's only because we're up 150% in 6 months and 50% in 1, that they're here at all...

Most likely a transfer effectively from Jim Mellon to Drachs. Whoever it is, you could argue we'd be higher without the sells. You could equally well argue, we'd be lower without the buys. Looking on the bright side, JM only has so many he can sell, whereas Drachs can buy as many as they want.

Well known, yes. Well respected is a matter of opinion! Either way, I agree that TMC is on very, very thin ice, and certainly shouldn't be taken at face value.

I'm not a subscriber, but I do get the newsletter which contains the headlines. Given that these headlines are not behind the paywall, I don't think it's a problem sharing them. There are actually two which pertain to KEFI - quoted verbatim here:

Headline: "Kefi: No wonder folks think that City boys are just dirty scumbags"

Precis: "There is an RNS from Kefi Gold Copper (KEFI) this morning but not what we were hoping for. Funding for Tulu Kapi has not yet been agreed by the banks and Kefi had told us that it would be by the end of this week. Well: tick tock. Tick Tock. Give ‘arry Adams another frigging bonus to incentivize him. Perhaps he has already done his four days this week and is thinking twice about working another for additional pay?"

Headline: "Tom Winnifrith Bearcast No 1: Kefi shareholders soiling themselves for no reason, revolting shareholders at Union Jack and Genedrive"

Precis: "I am not an insider but am constrained by what I can say on Kefi Gold & Copper (KEFI) but as folks guess wildly it is almost amusing. "

So from those, it's hard to discern a great deal, but it appears that he's not overly concerned. Not sure why he would be constrained by what he can say, if he's not an insider? Anyway, as evidenced in the past, I don't think he really knows much more than we do, but I think it's worth giving HAA the benefit of the doubt for a few more days. It is irritating that the man can't hit one of his own deadlines to save his life, but at the same time, there's currently no reason to suppose that there are major issues either.

Loving all the new people turning up, giving us the benefit of their no-doubt well-researched and altruistic viewpoints. /s

*heed your words

You're out Rocket???!!!

What happened to:

"This will blow past 3p and onto 5p on sign off which is imminent imo... investors have not realised that yet... Gold hitting record highs. Those holding long term this wili be 34p–42p at full ramp-up with $4000 gold, using normal mid-tier miner PE multiples and project economics. This is including Saudi."

???

I mean, to be fair, it was clear from the beginning that you were a clueless ramper, but that's just taking the mickey! Don't expect anyone here to head your words ever again.

CfC - I have seen you over there, but didn't want to drag you into the debate here against your will! I think we see things similarly in general.

Cuck - you seem to be the aggressive one here, but I wasn't talking to you in the first instance. AIUI, Lee has 100% in MTL (if not, please correct me), and so I don't think I'm making it up. And my "Rainbows" are making me a lot of money, thanks all the same...

Lee - La India won't be producing for a while yet either. And KEFI is moving now, while MTL is not. That could, and probably will, change quickly, but for now, I'm content with my choices.

Anywho, I should do some work now! GLA.

Also valued as such Lee - perhaps the single most important metric of all - the price. Currently valued at £144 (and that's after tripling in 6 months), as compared to MTL's £418m today. MTL NEEDS to be better, as it is valued much higher to begin with.

Shame you guys have to make it into an argument, when I've already said I'm bullish on MTL. Makes me wonder what exactly it is that you find so objectionable... not being 100% all-in on MTL?! Is that it? lol

Get a new record Vitautas - this one's broken.

CNR had no money to do much more than survive for years and years. There was no money for a huge drilling program, and in any case, the focus was (until it wasn't) to get into production, and you just need an economic deposit for that - you don't need a fully proved-up district. However, I think it became pretty clear to most that there's very likely a huge deposit there, just waiting to be drilled up. The "boiling-zone" South of the La India vein seemed like a good start to my uneducated eye.

Lee: Anyone can cherry-pick timescales to suit their argument. For example, 1-month performance: GDXJ 22.44% MTL 0.7%

In any case, if you want index-linked performance, then just buy the index and relax, but if you aspire to beat the index then you pick individual stocks, as we all have done or we wouldn't be here. You may be right or you may be wrong, but you can try. For example, KEFI 90% in the last month.

I feel your well-meaning, but somewhat blinkered defence of MTL is not actually helpful to genuine investers.

Sakura - simply because the world is bigger than MTL, and since gold itself is on a massive tear, the entire sector is doing well-to-very-well-indeed. MTL is not, as yet, making a sufficiently good argument why you should choose it, over and above any or all of the other gold stocks, IMHO. Yes, it's a banker, yes of course it will do well, yes I still hold most of my shares from CNR days, but a fixation on MTL and MTL alone means you may miss the bigger picture.

FWIW, my plan personally is to make fast money in some other stocks that appear to be moving, and then, when the time is right, take profits from those and plough them back into MTL, for a relatively safe 100%+ over the next year or two, and maybe much more, so don't get me wrong, I'm not bearish on MTL, far from it, but you asked why is MTL in the doldrums, and that is why IMHO.

No.

A familiar situation for LTHs then Pat. Not worth getting worked up about. Top slice a few if you want to hedge against bad news, but personally, I'm looking to the future profits from production, so I'm pretty relaxed about any volatility in-between now and then.

... which, for context, is still 6.78% higher than it was 5 days ago, 65% higher than it was a month ago, and 159% higher than 6 months ago (from Google)...

Nothing goes up in a straight line, but I don't think it's time to panic just yet. Shares being transferred from the impatient to the patient, that's all.

AIM PIs are a jumpy bunch - you see the pump and dumpers all the time - "XXX is the next one to go guys. Big news about to drop. Jump in there for multibags!!!111". Some of that froth is here already and we will gain some more on sign-off, but they won't stay long. Hence a retrace of some description is quite likely (although by how much, and from what point is impossible to say). IIs will take up the slack though, and I'd expect IIs to slowly displace PIs over the next couple of years.

The big SP numbers may have to wait until production, which is not a problem for me as I will be holding most until then either way, but everyone has their own strategies and timescales. As I alluded to a while back, just because the NPV numbers are big, that doesn't automatically translate into MCap/SP, not when we still have a couple of years to go until production. 2-3p shortly after sign-off, slowly rising until production, as risk and time to first cashflow reduces, is fine by me.