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Must be a big background sell popping up. Typical opaque lse.

Sorry, yes a stupid comment

I meant 3.30p seems to be significant resistance...

Strange why it doesn't move higher with all this buying.

Https://www.share-talk.com/kefi-gold-and-copper-kefi-ln-1-2p-mkt-cap-164m-operating-and-financial-update/

No it's not. There's been a massive seller which points to it being mithrel. This has extended to today. Hopefully he'll be out soon.

My valuation would be 10% of in ground value based on current state. So about £300M or around 2p.

Cjm - fair play to you. I hope this comes good for us. It's a long wait and I'm sure there's more dilution ahead. I just hope it's not too much!

Betterlife - he's not wrong. His life couldn't get any worse 🤣

PuzzledPete is correct which also bares out the Lassonde curve that without fresh discoveries the curve starts it's descent.

Without extra oz 6p will be the maximum at $4500 oz.

The important bit which I hadn't seen before is the 10 -30% valuation depending how advanced/ near production it is.

$2000 was used to highlight the sums. I used $4500 in my example

1m oz x 4500 = $4.5bn.

10% = $450m

30% = $1.35bn.

So when producing roughly £1bn valuation

16bn shares = 6p.

Sorry not a good copy and paste there but basically it's 10 - 30% valuation of total in ground valuation.

Rule of Thumb Evaluation

A common industry rule of thumb values advanced/producing gold projects at \(10\%-30\%\) of the contained gold value. [1]

Total Contained Value: \(1,000,000\text{ oz} \times \$2,000/\text{oz} = \$2\text{ Billion}\).Estimated NPV: \(10\%-30\%\) of \(\$2\text{B} = \$200\text{M} - \$600\text{M}\). [1]

There's one on every board. Total misfits who get pleasure out of peoples' misfortunes. It's a very sick trait.

A dividend of say 0.6p would warrant a share price of around 10p which is realistic.

Also, personally I wouldn't be expecting much more than 0.5p which l would be happy with.

Bonkers- true , but being on AIM this company may find that offering a decent dividend will be the only way to get its share price up.

Rossannan - no idea mate. All l do know we'll be on the hook for some cash in SA and harry really needs to be mindful of further dilution. Personally I believe he's evaluating the 13% so as to work out which structure makes more sense to dilute. Kefi or SA.

Thanks. Yes it should be corrected or properly explained because it makes no sense to me.