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The latest planning scenario is another stage towards securing the required planning permission. Egdon's mistakes have been highlighted by the inspector and what should happen now is that the applicant addresses the reasons for dismissing the appeal and submits another application to overcome the inspector's concerns. The planning committee then have little option but to approve the second application. If the committee refuse it again at that stage then it goes to appeal again and if all the previous inspector's concerns have been addressed then it is almost certain that the second appeal will be allowed, with costs against the authority. All that has happened is that we have a further delay but ultimately planning permission will be achieved.
After 7 loyal years to Kefi I decided enough was enough because we have heard nothing about Saudi operations at JQ and the Nubian Shield licenses for 2 years and TK has reached the stage of hoping that something will turn up. Saudi was a shining light for KEFI but nothing seems to be happening. Kefi are running out of options. You all know the history here and those of you who remain optimistic, good luck to you but further dilution of shareholder value seems inevitable for KEFI to remain viable, with little likelihood of things improving afterwards.
I am afraid that the high hopes/certainty many of us had with this share is rapidly coming off the rails. Delays and the jitters about funding, plus inevitably more dilution, will likely cause a slow downward path of share value. It is likely that funding will come too late, if at all, to rescue KEFI. A shame but these are hard times for risky minnow companies. Saudi was once the bright star here but nothing has been heard about that for months. Time to go I believe.
At least someone has confidence in this company with a 3.5M buy yesterday. Mine is fast fading. It would be nice just to hear something from the BOD now and again. No news is always bad news when extended over a long period. We are not here to be ignored and provide a cash cow for this lot.
I hope you are right. You have been very posiitive about this recently, so much so that I wonder if you know a lot more than you can say on this board. I'll await late June and early July with much interest to see a whightknight riding to the rescue.
Its always Jam tomorrow with this share. Rumours of a big contract may turn out to be just rumours with no substance behind them. I have been here so long that I don't know whether to laugh or cry! It would be just my luck to pull out and see the RNS we have all been waiting for appear next day, so I sit and wait but not for much longer. The only bright spot is that there has been a lot of buying recently and some of it very big.
I always get the jitters about a share if information and correspondence with the BOD dries up. Holders have tried to connect with the BOD recently without success. They were all over us when things were going well but their silence now is deafening. A bad sign in anyone's books. The share would now be stupidly cheap only if there were any signs of getting the stuff out of the ground, which there isn't. Their cash position must now be very weak, which is why a placing is very much on the cards. I used to hold 200K shares but have reduced this drastically because of my fear that this company will have to dilute the shares in issue to keep going. Good luck to all who still have faith.
All bad things can also come to those that wait and watch their money slowly disappearing. We are in for a placing here if nothing else. There are many opportunities to put your money at the moment but I am afraid that this is not one of them.
Can anyone shed any light on why this share has lost 20% of its value last week?
I have been a loyal holder of a substantial number of shares in this company for many years, right through the spikes without selling. I sold out in July when unease about its future, lack of communication from the BOD, falling share price, drift and the increasing risk of the company running out of cash, became too obvious. Nothing has changed to make me believe I was wrong. I believe that the sharks are circling this company and the risks of investing here are just too high but good luck to those who continue to hold.
Look back at the share price in May 2008.
Two steps forward and one step back! This share has always behaved like a bank. As the world economy recovers and money is less tight it will recover. Taking into account the dilution it has the potential to reach £4 a share. It is not yet out of the woods but it has returned to profit so patience is the word and a safe bet for the future.
I'm out! Just sold my last lot this morning after being in this share since it was called River Diamonds which some may remember. I am afraid this is going nowhere but down at the moment. No sign of any joint venture or takeover--why should there be when another company can probably pick up the pieces when the value is rock bottom! Another dilution is also a near certainty if BAO is to remain afloat. I shall watch on the sidelines and hope that BAO's fortunes improve one day but this is unlikely for the foreseeable future.
There is no reason why this should drop to 14p. The rights issue is already priced in. If it does drop it will be due to general market forces only. Lets get this right and stop all this scaremongering about 14p. If it is oversubscribed, which is more than likely, the price will rise above 22p.
Half a million shares bought this morning and the price drops?
Since the large buy on 2nd Sept. of nearly 400,000 shares there has been three days of steady buying activity not seen for more than a year. This share is a certain winner if you are patient. Global warming is at a tipping point and nuclear energy is the only answer until carbon capture is perfected, if ever! France runs on nuclear energy and they have only raised their prices by 5% against 36% in the UK. The public will not accept these massive increases, hence more use of nuclear power.
I have a good number of these shares and am willing to hold for the long term so long as I can have faith in the company and their interest in their shareholders. Recent posts I must say have unnerved me in that it seems we could be involved with a bunch of cr--k-. This spectre of court action and the TMP debacle says to me that I should get out as fast as possible whilst I still have shares which have some value. All advice from the experts on here would be very welcome and valued by myself and, I am sure, many others
There is a shortage of Uranium. Production is only satisfying 60% demand. As with all mines there is a long lead up from exploration to production. This company is on its way with a huge license area in a stable country with a proven resource and the finances to get the stuff out within two years. These shares were at 9p last year and will be x10 and more from here if you have the patience to wait.