Member Info for MrHumble

Gold flying, KEFI tanking - does not seem to be much appetite for KEFI gold. Is it because there is none and wont be for a long time , if ever?

I don't think you understand. I'm just trying to bounce the notion of risk, to see if what comes back, outweighs it. I'm a buyer if you can do so.

Raging spot gold markets. Raging paper gold markets. THe good times going on for ages in other regions on gold.

What will you lot get? Well, rough estimate - every time gold does a 100 buck drop, you need to process another etc 360,000 tonnes of dirt towards breakeven

Wow. I was taken off filter because they all thought i was going to buy. lol

Guys, shareholders rarely benefited from these transitions. They typically marked the beginning of value destruction rather than value creation.

This historical pattern suggests KEFI shareholders should be very cautious about the proposed structure.

Petra, Lonmin - the list goes on. In most cases, the restructuring to holding company/subsidiary structures was a precursor to either massive shareholder dilution or eventual sale/merger at distressed valuations

-.89

There are many examples of gold and diamond miners transforming into basic holding companies of part foreign subsidiaries. Esp in parts of Africa where local partnerships are practically a requirement if not Russian or Chinese

The structure isn't unique, KEFI's version appears more extreme in terms of shareholder risk concentration.

I dont need to highlight the performances for most UK PI's. They had the experience directly

Basically if it were all to go through? You have the likely benefit of no more constant raises - on the downside - market will price in all the limitations#

I think some people will do well if that is the structure - but it;s not cake for PI's

In that fomat Kefi is just a shell investment vehicle with part ownership/stock in TKGM and GMCO. KEFI shareholders would own indirect stakes in foreign mining operations rather than direct ownership of UK-managed projects. But it then would also have significantly higher structural risks than a typical diversified investment vehicle, in projects not established, as a kefi holder. It's arguably the least attractive structure possible - you're taking development-stage mining risks in challenging jurisdictions, but through an investment vehicle wrapper that gives you no additional protections or diversification benefits. You're essentially paying for the risks of being a mining company while only getting the limited upside participation of being a passive investor.

Simm, whoever sold you that one, - ask for a refund

On average i see the informed make bad calls on selling about 4 times per year. You would have to wonder how the informed can ever get it wrong. Maybe just tax adjustment jobs or maybe just to make it look like they can get it wrong, somehow. So there is hope. Better if Feb or March generally.

A lot of work to do tomorrow. I wont be here no matter what the news for you guys so just like to wish you all good luck

You are against the informed money here. That rarely pays. So if it does, il genuinely congratulate you all on a job well done.

Pure algo day. There was no real market interest. At least not x and y real markets. I dont know about private investors. I eliminate any possible source of them so data stays uncorrupted haha

I've got after hours so far as -.44 net. SO it's most likely a reserve sell

But it depends where you get your numbers so everyone will have a different answer really

I don't want to upset anyone, but that was possibly the weakest temp relief rally I've seen in months. In fact, i don't think the maker got it right at all. Find out tomorrow

Is there any fee payable for formal non signed debt instruments etc, to banks?

Not really asking for here. But over the years they have confirmed so many things that never occurred thereafter, they would be billionaires if had fees for early nods lol

I posted 2 comments here from today, elsewhere - and a note attached. Will show it here on the next ping.

I did not say what news 'I' expect

Just assume everyone else thinks it will be great and i cant wait to see it

You lot still here? It only feels and looks like yesterday, or an ago since i saw you all

Not being funny. Just want to know who to congrats on the next ping. Actually it's ok. I can only assume buys behind any bullish of the day. Noted