Member Info for ElectricLion

Meh. Boring.

The number of shares is such a distraction. Any company can do a 100:1 split or 1:100 consolidation any time they like. It means very little. The point you really seem to feel strongly about CondorMan is the dilution, which I accept. But that's in the past now, can't be changed.

Today, the SP has been knocked due to the latest placing, the company has money in the bank, TK closure seems to be close and SA is advancing too. That's not to say there aren't all sorts of risks, but is KEFI a buy now? Personally I think, yes. You may have a different view, but generally you'll be better served by analysing the situation as it stands today, rather than harping on about past grievances.

Indeed. No-one has a 100% record of correct calls, not even JM. Let it go.

I feel similarly. It is what it is, you don't have to like it, but attempting to derail the train could hurt us passengers as well as the driver. Normally I probably wouldn't bother to vote, but if folks are popping up and saying they want to have a go then I will make a point of voting in favour to safeguard my own investment. Just shy of 24m shares here.

I am also a LTH and I am doing fine thank you. There seems to be a misconception among those who, quite frankly, think they are cleverer than everyone else, that being a LTH necessarily means you went all-in a decade ago at £2 a share and have done nothing since. That view is as incorrect as it is insulting. I recall a quote from a movie - "only very stupid people think everyone else is stupid". A little humility goes a long way.

If the resolutions actually fail (very unlikely), the company's job will be made more difficult, conceivably to the point of failure. As a shareholder in the company, I am not prepared to add that additional (albeit small) risk to what is already a risky investment by voting against. The way we all come out of this with a decent profit is for the company to succeed.

Actually suceeding in removing HAA is even less likely, but potentially even more dangerous. It would certainly delay the process significantly, at an absolute minimum. I very much doubt any of the PIs on here have the wherewithal to even start down that road anyway. Generally speaking, it is a waste of time and effort for small PIs to even attempt to change the course of the ship, never mind replace the captain mid-voyage. Protest votes are understandable, but do try to understand the risks involved. In other words, be careful what you wish for.

It may be a glib response, but if you don't believe in the company or it's management, for the vast majority, it really is best to simply sell. Specifically, it's best for you, personally. There are times to stay and fight, like if you're trying to save your marriage, and there are times to just walk away and save your time and energy for something you do believe in.

Would not be suprised to see .7s this week and .8s next week. Smart money buying IMHO. TK is close. Time will tell. DYOR.

Lol. If Seingred is more positive than you are, you may want to reconsider your position Ben! ;-)

Who cares though? That's the real question. A strange hill to die on.

I disagree with ICB88 regarding MC's production intentions. Had the sanctions not have busted the finance deal last year, I believe we'd have had the finance closed and be around 6 months into an 18 month construction phase. As for your view Ben that production "has no economic or financial feasibility", well, I think you need to do a bit more research TBH. After all, what else are they supposed to do if no-one is interested in purchasing the assets/company at a fair price? All that said, a sale seems like the most likely outcome regardless. Never hurts to have options though.

Have you been invested here long Ben? It sounds like construction finance was all but finalised towards the end of last year. Then the sanctions hit and the deal fell through. Hence the current sale process. We never got many details of that funding proposal - size, debt vs. equity vs. ??? breakdown or the funders. However a lot has happened in the last 6 months or so and that process could be picked up again. While political risk is ever-present, the sanctions reaction blew over pretty quickly, as can be seen in Calibre's SP recovery, and the gold price and Condor's share price have improved also. I am pretty confident that if it came to it, funding wouldn't be too hard to obtain, most likely bank debt plus new equity. A smaller finance package as MC has mooted would be easier to get over the line as well.

5bn shares currently in issue multiplied by the 17:1 consolidation = 85bn

I'm not even attempting to justify the argument, but I believe that's the mathematics being used.

While a placing is disappointing of course, I'm inclined to take TW's stance, rather than that of frustrated PIs (no offence to anyone in particular). Selling up in a temper tantrum whenever news of a placing hits is not likely to be a successful strategy generally. Similarly voting against AGM resolutions is something that should only be done after careful introspection. Today is not a day for buying or selling IMO. Let the SP settle, along with any immediate emotional reaction. Come back in a couple of days and make your decisions with a cool head. Just my 2p.

You probably just missed it Bishop. From the RNS: "The PrimaryBid Offer is expected to close at 9.00 p.m. on 30 May 2023. The PrimaryBid Offer may close early if it is oversubscribed". Further background from the email Interactive Investor sent me: "Please note that the Retail Offer will be conducted through a process known as an “accelerated bookbuild”, which means that the offer will have a very short deadline, often closing on the same day that it is announced".

All very well involving retail shareholders, but we had just a few hours to take it up. I guess only a few will have seen it in time and been in a position to partake.

I won't quote him directly in case I get into trouble, but I've listened to it and he's still positive. In a nutshell - delays and placings are a fact of life, get over it, but fundemental value is still well North of here. Take advantage if you can.

https://*************.com/views/68603/tom-winnifrith-bonus-bearcast-kefi-placing-and-primary-bid-offer-at-07p-i-suggest-you-take-it-up

Well said. Some folks just need to stop watching the SP so much, and maybe stop reading the BB for a bit too. Let their emotions stabilise. Must be exhausting riding a rollercoaster every day just because the SP is a penny up or a penny down.

Agreed. I don't think some posters realise just how much of their own emotions they project onto MC's performances, or the chances of a successful outcome here. The SP was down a couple of pence and gold is off a little (needs to consolidate a bit before going higher IMHO but WTFDIK), and so now MC doesn't sound confident? Nonsense. If gold was blasting over $2000 and CNR was heading for the forties, I'd wager those same posters would be claiming MC sounded very happy indeed, in the exact same interview. Nothing's really changed except there is another interested party to add to the mix. Keep calm and carry on.

They will probably expire (I've never heard of warrrants being extended, perhaps you have, but I'm pretty sure it's never happened before on this stock, so odds-on it won't this time either), and that means very little, and then we can get on with more baseless and pretty pointless speculation about whatever's next! :-)

Zero offence intended Sakura but I find it a little bit amusing that so many people look out for large buys and sells, like they mean something, when a lot of the time, they really don't! Just my sense of humour I guess!