Member Info for MikeStroud

Completely agree Saudi!

Except comparing many on this board with teenagers/20 somethings is doing those teens/20s a great disservice, surely you meant kindergarten kids?!

Wait for it, how long til a post says I am the same poster as smelly, oil and your good self ! lol.

@SS2000 - Thanks for the video link (https://webcasting.brrmedia.co.uk/broadcast/5f1e93dd864c395ee4bb2a3b). I've just watched it. Overall it made me a lot more confident and enthused, particularly about the Saudi results due this month. I doubled my holding a few days back. I want to do the same again since watching this interview.

Question you may or may not be bothered to answer: At the 25min mark Harry says that if gold is $2000/oz then that is 10p/share. If $3000/oz then that is 20p a share. What does he mean? Is that the dividend or the expected (somehow) sp?

@UKInvestor2 - What they seemed to commit to was finalising the term sheets in August. I agree that is not the same as having the funding in the bank but it is a clear milestone and due this month. I took that as a positive commitment which was detail I hadn't seen before.

I know they haven't changed the Oct date for funding to be in place but without any detail leading to that date I have been sceptical of them achieving it. Agreeing term sheets this month is positive I believe??? That's a question btw as I value your opinion on these things if you feel so inclined to give your view?

I thought the RNS did include a funding update? To quote the RNS: "This month we focus on finalisation of the detailed terms sheets with the preferred provider of subordinated debt/offtake-linked finance, likewise for the Project equity."

I read that as to mean they expected in AUGUST (this month) to FINALISE finance and project equity? Or do those words NOT relate to the required capex to get the mine built? I thought those words were positive, now I am not so sure they meant what I thought they did.

@UKInvestor - for what it's worth, as I've been lurking a few months your posts have been amongst the most considered and helpful. Thanks.

I am gagging to put a lot more into KEFI as I think they are very undervalued. Sorry to say though that statement is followed by a but, as in, if they don't get funding by Oct then I see more delays, politic risks etc, and rather than have another 2 year delay I could use my money somewhere else during that time. I only have a max of 3 months to wait then hopefully they will have the funding in place.... or not! The dilemma I have now is whether to put more £ in and "hope" they get the funding or wait til it is a certainty by when the the sp will have risen more quickly than I can get in as a PI not glued to a screen all day.

ss2000 - thanks for the link - I'll check it out tomorrow.

PS - I am not smellyben! I just happened to agree with him on his critique of the company!! I can see why LSE has such a dire reputation. 25% good debate with evidence. 25% derampers. 25% rampers and 25% bs!

Thanks all who have replied. I am somewhat reassured. Fingers crossed they get the funding before October; it will give us all confidence in what they say.

It's just I have seen other AIM companies limp from dilution to dilution and delay to delay. I see KEFI have a history of this also. Fingers crossed they get the funding!

Can you quote the source that states "their place has already been taken"? Or are you ramping?

Long time lurker but I thought I'd poke my nose in to support smellyben! I have 200,000 KEFI shares so not a huge amount; I'd like many times that more but simply can't justify it based on the risks as I see them.

I have done a lot of research on KEFI over the last few months as they could be a 5 bagger in 2-3 years time BUT:
1 - The fact ANS pulled out of funding them when they seemed like the dream team ( https://allafrica.com/stories/202003040215.html ), I don't see who else is going to step in and fund them right now. And to get that in place before October to avoid yet another slip... well I don't believe that is possible.
2 - I see delays to KEFI stated programme (in fact read back RNS over the last 5+ years and such delays have happened before)
3 - I agree with smellyben that another dilution will come if only to pay the directors/staff costs. I am very cynical of these AIM companies whose programmes keep slipping that in reality they are simply there to give the directors the high life at our expense and to get the extra funding they just dust of RNS from a few years ago promising the next big thing and we lemmings (PI) pump some more money in to keep their lifestyle going.

It could be good but it's a gamble. Personally I am waiting to see if the funding is agreed in October (and I mean agreed not just some cruddy "we are in discussions with ..." type of RNS) then I may get out or get in deep.

My perception on this board is that smellyben is giving hard facts and risks that the rampers don't want to hear. I am not a ramper or de-ramper but I'd like to see facts.

The key fact for me right now is where are KEFI with the finance? Any one know?

Also why did ANS pull out, what do they know that we don't (or was it simply they couldn't get the money?)