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@Skippsb01

Pretty much my strategy too - I accidentally (don't ask!) ended up with 2 holding of 100,000 shares each, 1 lot owes me 10.38p the other 11p, so if SP gets any where near 20p will sell 1 holding to de-risk the whole thing and see what happens to the other, hopefully get discovery - production - make some serious retirement fund money!!

That could all change of course, just have to see what happens.

@JWill

Nice post, well worth reiterating this info as it shows the progression towards Q3 drilling, or at the very least demonstrates HE1's intentions of drilling in Q3.

Hopefully concrete positive news soon, more so than just the Newstalk 'leak' anyway!!

@kipperfoot

Ah, Sirius Minerals, what a joy that was, long gone but not forgotten. luckily didn't have much invested and only made a small loss.

We could've been rich, rich I tell you :-)

Hope AA have better luck with the Woodhead mine......

@Aussie_princess - good work, thanks for the link.

Joe Lynam at Newstalk thinks helium is used in 'hot air' balloons, bless him!

Let's hope that's the only hot air we heard in that interview :-)

Either way, (a) can't believe that happened and (b) can't believe DM would say what he did about drilling 8 1/2" to 2km in Q3 if he didn't believe that will happen. Hopefully.

@zoolook - sorry, looks like I got my £23M from typing in the wrong price! Bl**dy novice!!
Without analysing every buyback RNS my best guess would be they paid around 15p on average, so total approx £21M, does that sound right?
Also, I quoted the CTH investment as the figure they have paid and not what it's worth currently, thought best not to include a paper gain.
Making those adjustments with Dbay taking 20% of the CTH gain actually makes the current SP even worse: £132M -£13.1M - £21M +13.1M + £1.7M - £340K (20% to Dbay) = £112.36M / 562M shares = 20p per share.

I still think the (revised) £21M could have been put to better use but guess we will never know, hindsight always being right etc. and what the markets do is anyone's guess, could have turned out even worse without the buyback.

On the plus side I made some money and didn't lose any here so not all bad eh?

Seemingly more buys than sells since lunchtime, some just shy of 10.8p - FOMO or educated gamble?
Hopefully good news on the way, fingers crossed, drag my portfolio out of the sh*t!!

Aussie_princess - DM graduated from Southampton University, hard to believe he would employ the services or endorse a guy that lectures at Portsmouth Uni, clearly doesn't understand the south coast rivalry!
Maybe that's just football?
:-)

master82 - I'd be positively ecstatic with 15p!
Let's hope it gets there eh?

Was it all worth it? Good question.
Before the buyback LDG had £132M in the bank, give or take, but the SP was discounted relative to that figure, so they announced a buyback of 140 million shares to close the gap. It worked to a degree but look where it is now.
LDG/DBay have invested £13.1M in CareTech and spent approx. £23M buying back the 140M shares. They should have roughly £95M in the bank and the £13.1M invested, so about £108M all up; with 562M shares in issue the value per share should still be around 19p but it isn't, now dropped below 14p again.
So what was the real point of spending £23M buying back shares that could have been put to better use investing in something?
Good question, sadly I don't know the answer.
Anyone have any idea?

3 million? That's pretty bold. I topped up 72,000 @ 0.85p to average down my holding to 1.086p, my total holding here 272,000 and I thought that was pretty brave considering Kefi's history, the recent dilution and the fact I bailed at a small loss once before!
Fingers crossed for all of us.

Had £624 available in my HL account, topped up 72,000 shares and averaged down to 1.28p.

When TK financing is signed off in June we go to 2.5p and I make £3K on one of my Kefi holdings, happy days! Then my other holding is a free ride to 9-10p in 3-5 years. Happier days still.

Not without risk admittedly but worth a shot.

If Harry was truly the conman some people keep saying he is then he wouldn't still be heading this company, stop talking nonsense. If you don't like it or can't accept the risks of investing here then get out and go somewhere else, maybe an easy access ISA earning 0.01%? With inflation at 7 or 8%? No thank you!

The recent webinar was very positive. Harry stated the NPV analysis projecting a NPV of 8.5p had factored in ALL dilutions for fundraising so we already knew more fundraising would occur, just maybe not so soon? At the end of the day this is an exploratory mining company that makes nothing until it reaches production so has to fundraise to survive and progress their projects.
I bought in here once before then sold at a loss because I believed all the scaremongering that Harry was a con man, it's all a scam etc.
I don't believe that is the case at all and Harry's explanation of the last few years' problem, war in Ethiopia etc. all made sense and is totally plausible.
I bought in again earlier this year @ 0.83 and again more recently - when the SP was rising - @ 1.42p and I won't sell at a loss again.
Am I happy today? No, not especially, no one likes a paper loss. Am I confident that the TK financing will be signed of in June and the Hawiah and JQ projects are on track according to the timescales presented in the webinar? Yes, I believe that is the case but fundraising is an important element needed to reach those goals.
Harry's '3 horse race with a tail-wind' just needed some more horse feed, and that's what the £8M raise is in the great scheme of things here, horse feed, a drop in the ocean of cash already raised and spent getting to this point.
All the BB headlines this morning such as scam, screwed, spiv and such are not helpful, most probably knee-jerk reactions to a short-term paper loss.
My advice, for what it's worth - DON'T PANIC.
Harry & Kefi will get there and we will make money from this, we just have to be patient for things to fall into place and the SP to recover, which it will.
After all, what other choice do we have, sell at a loss? Not again, not for me, I will hold and may even top up to average down.
Good luck all, whatever you choose to do.

And the day after they announced widening losses Kevin Dorren bought another 320,000 shares!
Was he merely trying to prop up the SP or does he know something that absolutely no one else does? I suspect a desperate measure to prop the SP and this will go from bad to much, much worse.

In the recent webinar Harry himself said the analysts report suggested a NPV of 8.5p factoring in further dilutions for fundraising etc. and Harry suggested that could see a market SP of 9p or 10p, somewhere around there, n the next 3-5 years.
Where would 50p to £10 come from?!!
Only way the SP will be higher long term is if the reserves turn out to be much larger than the current estimates, or if the price of gold etc. rises dramatically, surely?

Thanks SB but no hurry or worry here, just commenting on how quickly it went very quiet, made me laugh.
Hoping to be able to retire in 3-5 years so hoping for an investing windfall in that timeframe; Kefi fits in very nicely with that as the different stages for TK and the Saudi projects come to fruition and should build the SP nicely towards its NPV and a big payday!
I have 2 significant (for me, anyway) holdings in different accounts bought at different prices so may offload 1 to cover all expenditure then enjoy a free ride with the other, but who knows? Everything can change so quickly so will review all the way.

I'm still keeping an eye here even though I sold...... I thought that might happen with CTH, I would expect DBay to increase their offer very slightly now to maybe 755p or 760p but don't think they would want to go much higher than that.
And still no idea if they would be using any of LDG's remaining cash to do so.
Will keep watching to see what unfolds here.

This board has been busy as heck for a while but all gone very quiet now the SP has fallen back..... stunned silence or nervous anticipation?
Hmm.......

Thanks SB_1964 (born in '64? same as me!)
Not too worried about the SP dropping back a little today, just sharing my experience - or lack of - and injecting a little comedy along the way hopefully.
I have made some mistakes in my short investing 'career' so far but hopefully learnt from them, and will definitely be holding here until I see a good profit this time; I jumped once before because everything I read had me believing it was doomed but regret that now, although in that instance I had a lot less invested here.
I firmly believe Kefi will get there this time and we should all do rather well from it.
Cheers!

All, I hope this has "4p written all over it" - after I posted earlier how much I liked the webinar and saw the SP was still rising I sold another holding that was on the way down and losing me money and topped up another 200,000 shares here @ 1.418p (averaged UP which is something I swore I would NEVER do again!) ...... and the price almost immediately fell back to 1.3p! FFS!
I'm beginning to think I may be REALLY bad at this game or cursed, not sure which?!
Whatever I do or suggest, please do the opposite and you should be fine :-(
Fingers crossed this picks up and the financing gets finalised eh?

Buy-Sell - I did a Google search for 'Kefi Webinar April 2022' and found it on YouTube.

https://www.youtube.com/watch?v=QnDzJ9Q0p90

I liked it, an hour well spent IMO.