Member Info for Stebo

Caterham7, just spotted your post. It's great to have the reassurance of a well experienced veteran backing up my own research.

Hopefully it won't be too long until you're browsing autotrader for something like a CSR Twenty ;-)

I would not be surprised to see 2p by close tomorrow. We are currently in a sp anomaly, which many commentators and industry analysists have went as far saying as much.

I personally think that it is artificial, designed to help an II accumulate cheap shares, and it is buyers like you that are turning the tide against them. I don't think it is going to last much longer. I think the general consensus was that we should be 3p plus by now, with the more bullish among us thinking more like 5p.

The latest analysis, only released today, reckoned we should be well over 3p (Orior Capital)

I agree with Central Cashier.

Asking people with a vested interest doesn't count as research, but the bull-case for KEFI is so overwhelming that you'll not need to be a geologist or trading analysist to figure out the opportunity.

My personal view is that we are in a period of volatility, and I suspect being attacked by a sophisticated II who is accumulating.

If you've managed to buy de-risked shares (since Monday), then I would argue that you have bought at the best risk:reward ratio in the company's history. So congrats on that :-)

It's detailed in the proactive interview, from what I can remember.

- Temp roads, power, water, etc already in

- Starting now is the first major phase of resident relocation, off-site plant fabrication, site stripping, demolition of existing homes, site welfare, etc.

- After Christmas we start to really ramp up, with the heavy earthworks machinery landing.

Construction has already started (funded by KEFI and EG), but the main order to Lycopodium (actual mine and processing plant) needs to be placed before the end of Nov, and that's what will hit the ground in earnest by end of '25 / start of '26.

PatShare, construction start is now.

Early 2026 is just we we start major earthworks and installing the processing plant.

"Mm's trying to tempt sellers"

Anybody who has held through the last week, but decides to sell now, need their head looked at lol

I hoped that all the arms-length PIs, who haven't a clue about KEFI or what they're doing here, would have already made their loss and sold up.

Surely any selling that is currently going on has to be somebody trying to keep a lid on the sp.

Even traders, who will have taken advantage of 1.3p, know that this will be well over 2p in no time (tomorrow, maybe today?), so they wouldn't be selling yet.

I wonder how many PIs have lost money over the last few days, by being manipulated by this LSE board?

Inexperienced PIs, taking a punt and buying pre-de-risked shares at 1.7p, hopeful of a big rise to 5p, only to immediately buckle and get spooked into selling by the wolves over the last few days.

This place has been crazy, with a coordinated tidal wave of negativity, to supplement the selling attack on the sp. The last few days has just been a process of taking cheap shares of ignorant PIs, to feather the nest of sophisticated investors. It's underhand behaviour that I find disgusting.

It looks like anybody who can't comprehend that their shares are worth at least 5p at this stage (not 1.5p!), has already sold up, and perhaps a few opportunistic buyers are starting to sweep in, so the wolves are starting to loose their grip on this one.

Learn from others. Have patience. Work out (using a calculator, not a finger in the air!) what your shares are worth. Sit on your hands until somebody offers you what you want for them. It's that simple!!!

When somebody tells you that they're only worth 2p, or that they're likely to continue crashing down to 0.8p.... they are not doing it out of concern for your financial well being!! Stop falling for the obvious traps, and stop feeding these wolves your cheap shares!!!

11.19p is based on the likely dividend, and completely ignores all the likely upside. For instance it is only based on 1moz, when we know there's at least 3moz (triple!) that at TK, even before further exploration (open at depth and in multiple directions) and satellite deposits

Dsrt2012.... "By harry 100m equity not due until end of november ...now just be aware ..when has harry hit a timeline in his life at kefi"

Up until now all the deadlines have been out of KEFI's hands, and we've been hostage to whatever pace the banks or the Ethiopian Government have decided to move at.

The ball is now in our hands. Those interested in a piece of the TK pie have a deadline, and if they're not in by then, there are plenty of others that will take their piece.

The fuse has now been lit on Lycopodium's 60-day fixed-price validity period. The order HAS to be placed by the 28th Nov. The shareholder meeting HAS to happen prior to that. The equity portion HAS to be nailed down before that. There can be no delays this time.

I expect four weeks of closing out the equity part (one week already down), a week to prepare a presentation and organise the shareholder meeting. Shareholder meeting on Mon 24th Nov, and Lycopodium given the green light later that week.

We have the finance package in the bag. We now have a three weeks to sort out the admin of who get's what, in regard to the local investors, and in a months time we are officially mine-developers :-D

Ericnat17, that's only based on the 1.05moz JORC reserve confirmed to date. There is 3moz resource, which we can be confident (considering the PoG) will easily grow that reserve to 3moz, and likely way beyond that.

CarefreeCarry.... you missed this bit, which is the bit still to come!!

"'MMs and IIs sit back patiently hoovering up all the shares that the PIs are panic selling in a fire-sale'

'Selling cools off and MMs slowly increase the price until they've filled their order books, maybe with the odd tree-shake on the way up'

'Eventually PIs realise their mistake and start trying to buy back in at 4p, and the MMs move the price up to 5p+'"

And after a day of fretting and fear-mongering, we end the day up 3% (while everything else is crashing all around us!)

Wake up, smell the coffee, and stop feeding the wolves!!

This place is crazy today. Just a tidal wave of hyperbole and fear-mongering.

Comments like 'killing-fields', 'death-spiral', 'Harry looks troubled', 'loan-sharks', ' next stop 0.8p', etc. Next we'll have claims that the $240m loan is maybe just monopoly money lol

I particularly enjoy the more subtle de-ramps, framed as bullish..... I've done a few sums and reckon this will be 2p soon, rising to 3p on production, I hope you can all hold on that long lol

Surely everybody can see through what is going on here?? And long-side the really blatant sp action, it is so obvious that there is huge attempts here to keep the price low and spook PIs into giving away their de-risked shares for a tiny fraction of their worth.

I warned and warned people that this would happen, but even I didn't think that it would be so successful!

At this stage I have just given up - if you're going to fall for such silly manipulation that there's no helping you, and you'd probably have done something stupid with your wealth anyway lol

I'm not fighting this battle, but just open your own eyes as to what is going on before you press sell. Or if you do sell, at lest keep an eye on the sp for the next 6 months so you can learn from your stupidity!!

MF2017 - a well considered post, as usual

KEFIGOLD, yeah, I think we'll look back at the 21st Oct and laugh at the lunacy of it in a week's time

Sensible balanced analysis from Magic as usual lol

molatovkid, nobody was tied into kefi. there was plenty of opportunity to sell, and likely for huge profits over the last few weeks.

there was a trader sell-off and pis, fearful of losing their profits, **** the bed without even understanding the value of what they once owned.

sad to watch, but at least it will be strong hands, here for the lth, who are buying their shares.

Edison Report:

" at current metals prices ( US$4,000/oz Au, US$10,604/t Cu, US$2,933/t Zn and US$52.50/oz Ag), our average annual free cash flow estimate rises almost three times to £295.2m per year and our valuation by 4.5x to 7.21p now (plus a further 1.01p/share for the underground mine)"

Edison valuing KEFI at 7.21p - 8.22p today.

In case there is any confusion, that is there valuation as off today, not a forecast of what happen, and is based on a NPV annualised discount allowance of 10% per year.

UserSteve - the current sp is a reflection of current market dynamics ie a huge trader sell-the-news sell-off, spooked bet-wetters, and a lack of PR landing with new investors. Currently the sp is a opportunity, not a Valuation.

Come back in a week when the volatility has levelled out, and the sp will be more of a reflection of how the market values KEFI

"What have we found out today that we didn’t already know and that is worse than what we knew yesterday that justifies a 20% drop in the SP? Just asking as I can’t see it in the RNS"

AIM doing what AIM does.

The reality of today is that we have just de-risked a $3b+ gold mine, and secured $400m+ pa profits in 2 years time :-D

It's just a matter of time until the market figures that out and wants a piece of the action!