Member Info for KentRed

Just had a nice top up taking my holding up to 5M shares. Great growth this week and i can see 3p soon. Once financing arrives, and i believe it will, this will hit 5p+ so in my opinion there is a relatively quick double bagger here as a minimum. DYOR. Such a change in fortunes as i have struggled to hold on to these for the past two years watching them go up and down. So pleased i didn't sell.

Damn, i fancy a Lamb Bhoona now :)

Thanks Monkey70. That makes sense. Need the cash to prove the resources to justify and increase the sale price. That seems logical.

Thanks for the replies everyone. Some interesting points.

With a few months left of mining at WK until the season closes i doubt the investment will make much difference to this years extraction figures (but i could be really wrong here). So in theory they borrow the money to increase WK extraction for next season. This would suggest a sales of MT is on the cards and they keep WK. Even that seems strange as they could sell MT and use a very small percentage to fund the growth of WK.

I probably shouldn't ask myself so many questions and just trust that this is all done for a good reason :) Been more than happy with the progress so far and personally hope they dont sell. The value of EUA shares and dividends received in 5 years if they go it alone will make a 50P-£1 sale price look insignificant.

Lets get one thing straight. I am not a deramper by any stretch of the imagination. I have close to 1m shares held since Nov 19 so my investment is not insignificant.

The one question i can't answer that someone on here may be able to help with is why do they need £10M? Wk is producing so funds are being generated and it the great scheme of things £10M is small potatoes. The board must have really wanted II's onboard or really needed the cash, especially as the dilution to their own share holding was not insignificant. Would have been useful if the RNS had pointed out why the £10M was needed. Would have thought if they needed cash they could have borrowed from the bank. Must be that they just wanted II's onboard badly, even at personal cost to their shares but does anyone know what benefit that brings that warrants the dilution.

Whats everyone's views on this?

Dont just reply calling me a deramper. Its a genuine question from holder who believes in this board and is expecting a sale price around 60P if just MT as a special dividend assuming flanks all done and dusted or £1+ for the whole shooting match.

Taken from Zak Mir roundup yesterday.

"Shares in Pakistan Coal project developer Oracle Power (ORCP) rose 7% as speculation regarding the long awaited green light, a letter of intent from the Government intensified. This was triggered by comments from Federal Minister for Energy Omar Ayub that the energy deficient country would aim to produce 60% of its needs by 2030. ““We will produce 10 per cent power through Thar coal reserves.” This appears to suggest that Oracle’s 175bn tonnes lignite project in the Thar desert is to be given the go ahead, something which investors in the company have been waiting on for several years. It also suggests that Oracle Power CEO Naheed Memon has made healthy progress with the Thar VI Project, alongside major shareholder HH Sheikh Ahmed Bin Dalmook Al Maktoum, a member of Dubai’s ruling family, and China National Coal."

https://zakmir.wordpress.com/2020/08/16/stock-market-watch-sunday-august-16/

Place your bets!

What do you all make of this excerpt from the Dawn article?

"The PPIB has also suggested that since the commercial operation date of the 1,320MW Oracle Power Project, being a CPEC priority project, was 2027 and 2030 in two phases of 660MW each, it should be reconsidered keeping in view the latest demand-supply situation and other parameters."

What do they mean exactly by "reconsidered"?

Would be nice if one of the posts was about something other than a reply to Oilbit. Filtered him a few weeks ago but the board is still full of peoples replies to him. Hope he gets fed up and disappears soon.

In a business sale the right price is when both parties feel a little pain. The seller does not quite get what they wanted and the buyer paid a little more than they wanted.

This goes out the window if it is a strategic purchase for whatever reason.

The board commissioned the ACF report and were told a fair value around .64p, The board know a lot has changed since then (all positive) so my guess is the board will be expecting £1+ assuming flanks are included and license is through.

As Rowka points out and Dimitri states in his proactive interview they will look at recent deals (Sybane etc) and will factor that in.

My guess as a guess is all we can do, is an absolute minimum of what ACF reported but a maximum of around £1.30. I am confident on this range and have held all through suspension without concern and topped up three times since with today being the latest top up.

The two factors we cant predict are how badly the board want this done and want to move on to other projects or retire. Remember with their shareholdings even a sale of .25p makes them very wealthy individuals. The second factor we cant predict are how many parties will make a bid and how their motivation will affect the bid price. An example would be the Chinese government saying "go get this, don't lose" and Russia thinking the same.

At the end of the day it can vary wildly from where we are today to where Rowka predicts (£3.50ish), as that is not an impossibility, improbable yes but not impossible.

Only time will tell but this is a fun ride and will make significant money for most invested.

Just my 2 cents worth.

Well seeing as we could take this into production and have a share price between i'm the region of £3-£6 if all things panned out perfectly, personally i would rather hold for this. However if it is a full sale:

A bit disappointed - 60p
Satisfied - 75p
Expecting - 80p+
Over the moon - £1.50
Fantasy figure - £2.00
No chance - £3.50+

If its a part sale and anything less than 0.50p then would be disappointing we didn't mine ourselves. However i think Dimitry wants to focus on his Crypto so will want out and the long term mining is not an option. I have only held since Oct 19 so my average buy is probably higher than most LTH's but i have a fairly decent sized investment. For it to be truly life changing anything over 0.75p will make a significant difference to retirement age.

If the license has already been issued then would the company not have a legal obligation to announce the fact via an RNS as it would have a material impact on the companies valuation and as such shareholders have the right to know?

I have tried to google when a company must issue an RNS without much luck. Anyone better educated on these matters know if the license approvals would mean an RNS has to be submitted within a few days?

It is this that leads me to believe that they don't yet have it all sewn up but i may be well off the mark as my knowledge around RNS release legalities is somewhat lacking.

Couldn't have put it better myself. As soon as EUA is sold, some of those profits will be coming here to add to my existing holding. KEFI is my largest holding as, like you, long term, i believe this will be worth 10x or more of today's price. Not ramping, that is just my opinion after an awful lot of research.

I just looked at this and came to the same conclusion as you. Interesting that NN are doing what looks on the surface to be the same Crypto idea.

Well done. You made it to the lofty position of being the first person i have ever filtered. Enjoy your newfound fame. Best bit of the process is knowing i wont be able to see your reply to this message. Happy days!

With 20M shares I would be paying close attention and in doing so i would be aware that senior management have put in more than they have taken out over the life of the company. Hey i get the frustration at Kefi and especially at Harry but your statement is factually incorrect.

Thanks for the info. didn't know that. Will come in handy on several boards :)

Come on positive vibes. Every 10th post is you regurgitating the same stuff. Might actually make me pay for LSE just so i get the filter feature :)

Think you insights are good, just WAAAY too often. Still its a free world so carry on if you feel the urge and cannot resist!

My tip is Kefi minerals. Two large pieces of news inbound this quarter. Size of Saudi assets to be confirmed and expected to be huge and funding. Hugely undervalued MCap at the moment. DYOR :)

I am surprised at the negativity towards this news. Lets assume the board know way more than we do. Surely they would not borrow money to fund short term projects that they knew were going to make a loss. They will only borrow the money at their discretion when they can see the return will be higher than the cost of the loan. Or am i missing something? Happy to be corrected.

Today should be a good day. Managed to top up at 12.6 today. Sale price will be multiples of today's price IMHO. Good luck to all long term holders and happy birthday to the two guys reaching 50 today. What a birthday present!