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I am invested here and intend to hold until the sp reaches a minimum of 5p, it's all I need to recover what I can only describe as a disastrous portfolio. All of my own making I must admit. Anything more than that will be a bonus and reward for my patience with any luck.

With regards to Kefi, it is what it is and we are where we are. It matters not now whether you have been invested for 15 years or 15 minutes, and there is nothing anyone can do now to change the fact there are almost 14 billion shares in issue (apart from a consolidation obviously). It has happened and we have to live with it. Continuously moaning about it won't change it.

It also makes no difference if you love or loathe Harry, whether you think he's made terrible decisions or not, either way he has got TK to this stage and now (more than) fully funded. It's no mean feat. All that matters now is that the mine is built and there's nothing to suggest it won't be; clear the site, construct the mine, build the plant, produce the gold. The end result will be worth the wait.

It also makes no difference to the overall timescale if it rains or not. Harry and his team have been in Ethiopia for years and Lycopodium are experienced, does anyone really think they haven't factored the rainy seasons into their planning? Of course they have.

Watch and wait, all will be well.

Hold for gold.

"The game is to hold the shares until reward"

I really hope I'm playing the right game this time, I really do.

Hold for gold.

Me either Bonkers, me either.

... to see the sp heading back to 1p and the mcap now around £140m. If it tips under a penny I hate to think what might happen, stop losses etc.

I will continue to hold though; having pretty much destroyed my pf through my own mistakes and bad decisions I really have no alternative but to sit tight here and wait for TK to come to fruition to save the day.

Hold for gold.

@ MF2017 - I don't think many expected to see it dip from 1.5+ to below 1.1 ever again and yet it has, more than once. It wouldn't take much for the scaremongers and markets to drag it down further on the slightest whiff of trouble, seen it happen too many times already but never been brave or smart enough to trade and pocket the difference. Story of my trading life sadly.

Hold for gold I say, but keep a close eye on things just in case there's a fly in the ointment.

Excellent positive news.

Hold for gold.

*comprehend

Not sure where the effing 'f' came from 😉

You're not alone Drewton, I can't comprehenf it either and god knows I've tried!

All I know is that vast amounts of energy and computer processing has been turned over to 'mining' this nonsense but ultimately it doesn't have a tangible form, unlike gold - lovely yellow metal that has an intrinsic value affected by supply & demand and global markets.

Plenty it seems have made a fortune from crypto, BTC especially, and especially those that bought into the concept very early and paid peanuts for them, only to sell for $90k/coin last year. Good luck to them but it's not for me, never will be.

Hold for gold.

Hey Nigel, that's my line!

😉

I wonder what happened to the relentlessly positive and relentlessly posting KEFIGOLD?

Hmm......

I for one remain positive, more so now than ever before as the mine will be built and we will be finally rewarded for the time and grief spent here.

Hold for gold.

@ Xhita - sorry, been out all day - yes, I completely agree, having options and maximum flexiblity can only be a good thing to achieve the end goal here: GOLD.

I was merely stating that yet again Harry does something unexpected and the market takes a dim view, i.e. the Harry Effect. Quite likely this won't be the last time he pulls such a stunt.

Having said that - and despite my own spells of trusting/mistrusting him - I still think he's done incredibly well to get TK to this stage and regardless of what may or may not happen next, have no doubt it will come to fruition and bring all investors the rewards they so richly deserve having waited for so long and had to endure all the shenanigans along the way.

Hold for Gold! I can almost smell it 😉

It seems Harry has replaced the US$15M of short-term working capital funding with US$15M of long-term subsidiary level equity ranking capital, and yet retained the short-term facility which remains on standby for additional financial flexibility.

On the face of it this would seem like a sensible and prudent move but also appears very much like having your cake and eating it, then having seconds.

While this may be a good move it also just adds more fuel to "the Harry Effect" hence the small fluctuation in sp, for now at least.

The real rewards will become self-evident in the next 18-24 months if everything continues on schedule as appears to be the case today.

Hold for gold.

True, except sp now below placing price so they'd be making a loss. II's in for the medium/longer term when they will get a serious ROI.

Are these being sold into the market? Harry was absolutely adamant the placings had gone to institutional investors and NOT bucket shops, he made quite a point of saying that.

Some of the Retail Offer or warrant shares maybe, but not the placing shares.

Xhita, yes, nothing to see here 😉 I'm being smart for a change hopefully, I have my holding and not risking trading although history shows I could/should have done so and banked a load of profit along the way! It's all swings and roundabouts as ultimately I won't care when this is north of 5p.

Hold for gold.

The only thing that affects the sp is market forces and external factors e.g. conflict in the region, Trump etc.

The markets appear determined to drag this as low as possible when there is seemingly no good reason for it. Frustrating to say the least although good entry prices for anyone not already in. I wonder how low it will go before we see a reversal, 1.1p, 1p, less?

The picture will be completely different and hopefully a lot clearer in 12-18 months.

Sit tight, hold for gold.

Tha share price today is almost irrelevant - although a good price to buy at if you have the funds and patience for a return - and was bound to slip without significant news e.g. Saudi assets, or updates on progress at TK; so long as TK progresses through construction to production as expected then the sp should be many multiples of what it is today.

Hold for gold.

*believe

**to production

For sure it's been a long and bumpy journey to get where we are today, but without Harry's tenacity and connections in Ethiopia I don't belive we would have got this far.

It's inevitable that change will come at some point and succession planning is already under way but right now is not the time, we need Harry to get this production.

How many small cap explorers actually get as far as this, let alone production? Not many, so in this respect Kefi have done well.

I can see the point Bonkers is making - that any war 'in country' can affect the sp of a mining stock even if a 1,000 miles away - but it does come across as scaremongering.

Hold for gold I say.