Member Info for ElectricLion

Molatovkid - I'm not implying anything, but hypothetically, if one or more substantial shareholders were also involved with the other financing options, then they could have voted down the placing to force KEFI to re-engage with the other options (and probably on worse terms). Just a thought.

A lot of Africa is quite dodgy to be fair, but it's a big place and Ethiopia is one of the better spots IMHO. For sure, stick with Australia, Canada, etc if you want to be safe, but you'll pay for the privilege. HAA built his career in Australia, but is now in Africa as he thinks there's better money to be made. You pays your money, you takes your chance, etc.

GGP and KEFI really don't have much in common, apart from they both operate in the precious metals space. There's room for both in a portfolio. Main thing to bear in mind is that GGP's MCap is 31x KEFI's. KEFI can double for another £165m increase in MCap. It'll take another £5b for GGP to do the same.

A strange sentiment ConMan. I can't speak for anyone else, but I've simply maintained that he's not the messiah! Until he turns water into wine, I'll stand by that, and so no apology needed from me!

Some of us have been aware of the prospectivity of the La India district a lot longer than DB. Read the RNS - it's not exactly hiding - the whole area is awash with the stuff! Thank mother nature for that, not DB. As for obtaining the concessions, I wonder if NC's recent visit greased the wheels of diplomacy.

While it's good news, it's also small beer in the grand scheme of things. Let's see a favourable outcome in the Philippines and the SP North of 20p before getting too giddy with excitement!

Do you know that it's not? It's been quite clear for a decade that La India has the potential to be a very big mine. We are agreed that the mineable ozs is not the limiting factor. If the limiting factor is the capacity of the plant itself, then you'd do everything you could to design it in such a way that it could be scaled up, wouldn't you? Obviously I'm not a mining engineer, but it makes sense to me.

Having more ore than we can process is one of those good kind of problems! To begin with, we can cherry-pick the highest grades available to us, to bring cash-flow forward.

Leaving the Runruno plant aside for now, as no-one knows what's going to happen there, we can also extend the la India plant using future cashflow. I'm sure it will have been designed to be expandable. We'll just make the one we've got bigger! It'll take some time and money to do so I'm sure, but it's not like starting from scratch with a brand-new plant.

It's hardly green field! It's right next to La India! We're already building the plant, having found a commerical deposit and financed the build. That's where the time goes. An extra few (high-grade, near-surface?) deposits a stone's throw away from the main plant are not going to take 5-10 years to exploit! Just get the JCB over there and dig it up! :-)

It would be very funny! (For those with a knowledge of the history of these assets and companies, and with a warped sense of humour, like myself!)

I'm always a bit wary of hot money spiking a stock like this - they tend not to have much patience. Still, 1.45p feels a lot better than under 1.2p! Onward and upwards!

AI Overview

"Antisemitism is prejudice, hatred, or discrimination directed against Jewish people, either individually or collectively, based on their religion or ethnicity. It manifests through speech, actions, or visual stereotypes, frequently blaming Jews for societal issues and using conspiracy theories to justify animosity."

Criticising the state of Israel or it's leadership or military for bombing civillians is not antisemitic. Moreover using that term without knowing or caring what it means is lazy and disengenuous.

The danger comes from thinking that just because one side is bad, that the side opposing them must necessarily be good. This is not the case. The Hamas attacks were awful. Israel's response was, to most unbiased spectators, worse. Two wrongs do not make a right. Ditto with Trump and Iran. Iran are no friends of the loose coalition we still refer to as "The West", but there is a right way to wage war and a wrong way, and Trump chose the wrong way. He has no moral authority whatsoever.

The age-old reality is that ordinary people suffer and die through no fault of their own while the rich and powerful play games and eat lobster. Very little ever really changes. But if those ordinary people choose to defend and glorify their particular rich and powerful leader, while utterly ignoring the harm they do, and attacking, harassing and demonising their critics, then they have no moral authority themselves, even if harm does come to them.

"self loathing leftists"

These 3 words communicate an awful lot of information about this poster's views. Let's just say that their opinion is unlikely to be unbiased!

My opinion is that the answer we have been given is vague and insufficient, however I doubt a better one will be forthcoming. Clearly something specific happened with regard to the other funding options that HAA cannot, or will not, clarify. The Iran war may have precipitated the situation, but I doubt it was solely responsible. It's all probably under NDA or some such legalese. No harm in asking though.

Krok - it's a moot point, since the vote will succeed.

Tikitaki - I expect the La India plant will have been designed, as it was in Condor's day, to be expandable, without undue cost/effort. Add a ball mill here, an extra cyanide tank there, etc (I am not an expert!). I see no reason why La India couldn't be producing 200k oz+ in a couple of years. To me, if the Philippines equipment is brought over, then honestly it signifies more of a failure to utilise it anywhere else than anything else. We will see.

Interesting. That'll certainly help. I suppose that's dilution, of a kind? Very value-enhancing, even so! Although even £40m won't go far, given valuations of most (decent) assets at $4500+/oz gold. A nice head-start on something though. Just need to find the right asset!

Educate me on these treasury shares. Surely we don't have 300m (£,$,?) just sitting around?

In my experience with Interactive Investor, they're swamped with B&B requests in the first week or two of the new tax year, so it may take a while for them to get around to doing yours. For this reason, I often manage it myself, buying/selling as needed, particularly if if I think there's a possibility the SP will go on a run before they get to it.

No. Early 2028 for first gold pour.

I had no issues with Rob, and it turns out he called it correctly. Don't think that should be held against him!