Member Info for Smellyben

On Saudi the fact is that if Kefi continues to not pay for its share of the costs - which are building every day - then it simply owes that money to Artar and they can take further percentages of the project - so historically from 40% down to 27% down to 25% and now down to 15% so why do people think that won't continue until zero as it doesn't look like there will be a sale any time soon

As far as I am aware there have been no tr1 s therefore no institutions own more than 3% - happy to be corrected if I'm wrong

Called it right again despite the abuse from usual suspects - another 6 months salary for Harry - like clockwork

A bit like PREM you mean - see how that worked out

Or a complete fantasist

I think the problem with the share price is despite Jason's heroic efforts to publicize we are still a tiddler on a virtually unknown market not available to many small investors and all major players because of their investment rules. Let's get the income in , cancel the AOU proposed shares as we don't need the cash and in 6 months or so get on a major exchange. While a lot is happening operationally I'm holding and I think in a year we could be 5 to 10 times share price where we are now.

Crazy more crazy predictions - you do understand you are just showing your ignorance don't you - just a week ago you predicted 3p on ratification - share price has barely moved and is just a fifth of what you said - do you not reflect on that. In my opinion it will be buy the rumor sell the fact and we will be back to .6 before the inevitable raise in a couple of weeks when it will be back to .5 if you are lucky

Hopefully a lot more than that for me -

Be interesting to hear from any remaining shareholders what happens in the private company sphere - I thank the gods I got out when I did but be good to hear any developments

It's madness if people think others work for free - a year ago Kefi owed 12m pounds - they spend circa 1m a month on salaries, consultants, exploring etc - this is all public domain and in the latest accounts. Yes they raised 10m in Dec but a new raise is inevitable - 20-40 per percent of the company - maybe tomorrow maybe In 5 or 6 weeks and yes it's important because it will drag the share price back to the 0.4a but also any upside if it were ever to materialize is massively diluted

Because I have a long history over the last 3 years of calling fund raises ahead of them happening

Just a load of self serving ramping has suckered some naive traders into a hope of a quick buck on the basis of all time gold highs in the last couple of days.

Another fundraising just round the corner as Harry stays in situ with his 300k salary sucking shareholders dry with his constant failure

Hope so I'm down 30% but am positive longer term - let's put the share certificates in the draw and come back in a year - hopefully things will be very different

Ha stebo - there is an old saying about being silent and thought a fool is better than speaking and confirming it that you really should consider as every statement you seem to make is nonsense but just a quick non exhaustive list for you

Key risks for a gold mining company include fluctuating commodity prices, environmental regulations, political instability, and operational challenges like safety and infrastructure issues. Additionally, financial risks like access to capital and managing costs are significant, along with cybersecurity threats and potential for cybercrime.

Here's a more detailed breakdown of key risks:

1. Commodity Price Risk: Gold prices are subject to market volatility, which can significantly impact a company's profitability. This risk is further amplified by factors like global economic conditions, geopolitical events, and investor sentiment.

2. Environmental Regulations and Permitting: The mining industry is subject to strict environmental regulations, including those related to water usage, tailings management, and waste disposal. Changes in regulations or delays in obtaining permits can lead to significant operational and financial disruptions.

3. Political Instability and Geopolitical Risks: Political instability, including changes in government, corruption, and civil unrest, can disrupt operations and affect a company's ability to secure licenses, permits, and access to resources, according to KPMG International and The Assay.

4. Operational Challenges:

Safety:

Mining operations inherently involve safety risks, including accidents, injuries, and potential for disasters, according to UNDRR and Marsh.

Infrastructure:

Poor infrastructure, including roads, power, and communication networks, can increase operational costs and delays.

Resource Depletion:

As mines deplete their reserves, companies face the challenge of finding and developing new resources, which can be costly and time-consuming.

Technological Disruptions:

Adopting new technologies and adapting to industry trends are crucial for maintaining competitiveness.

5. Financial Risks:

Access to Capital:

Securing funding for capital projects and ongoing operations can be challenging, especially in volatile markets.

Cost Management:

Controlling rising costs, including labor, energy, and materials, is crucial for maintaining profitability.

Liquidity Risk:

Ensuring sufficient cash flow to meet operational expenses and debt obligations is a major concern.

6. Cybersecurity Risks: Gold mining companies are increasingly vulnerable to cyberattacks, which can disrupt operations, steal sensitive data, and damage reputation.

7. Social and Community Relations: Mining companies must maintain strong relationships with communities and stakeholders to secure their social license to operate.

8. Labor Relations and Supply Chain Disruptions: Labor disputes,

Stebo are you insane - the only difference is time ? Really ? A 5% discount?

Quite apart from the fact that interest is according to Harry 8% though I believe will be more like 12% but that is by the by - what about small factors like operational risk which is huge - look at PREM - had financing, built the mine and the processing plant and it just didn't work - went from 1 pound to 1 p

1plus1 - many thanks for that info - it helps explain why you and potentially many others on this board can't see a huge raise is imminent.

Unfortunately for you you have completely misunderstood the last RNS on funding - it would be interesting to see how many others share this understanding so please do recommend 1plus1 s post if you agree with his belief that 20m was raised last time

Stebo - that paid off most of the debt as at June 24 which was 12m - Have they not been spending money over the last year ? Has no one been paid, have no exploration been done, - currently they owe 10-12m and a large raise is due - they had hoped the sale of the 15% Saudi would fix it but clearly with that off the table the raise is due - just warning newbies taken in by the delusional ramping on here this morning

Opportunistic - they are currently about 10m - 12m in debt - with no Saudi money now coming a huge raise is inevitable in the coming month to 6 weeks.

Read the last published accounts - it's all there in red ink

More suckers captured in latest pump and incoming dump

You are completely correct Bonkers. One other thing to think about - what if Kefi can't find a buyer for their Saudi share - as you say Kefi are on the hook for exploration costs they have no money to pay so in short order the Saudi share may be worth nothing at all