Member Info for Stebo

Latest broker ratings, all based on post-finance sign off and gold long-term value estimated at $1,850/oz:

Edison (17th April '23) - 2.19p (fully diluted), expected 7p by FY26

WH Ireland (18th July '23) - 3.9p

Orior (18th Sep '23) - 3.2p, expected 6p by FY26

Which is why this sp will multi-bag once signed off. If this was a sure thing, then the sp would be 5p, not 0.5p.

The investment decision comes down to risk vs return. To be there is a medium risk that this won't be signed off within the stated timeframes, but a very small risk that this won't eventually be signed off. The return on investment however will be large.

I'm not aware of any other opportunities currently with the opportunity to make such large returns, with such a relatively low risk. Add into the equation that this return could potentially be within days, and it makes KEFI a very unique proposition.

Progress on all fronts, including final credit committee approvals by the banks.

IMO I'm now more concerned about other 'non-finance' issues. There's more of a risk of something like war, discovering endangered species, return of covid, etc, than there is of this finance deal not getting signed off.

For the fundamental re-rate that is coming, I can happily sit tight and top up when I still can.

Got 3 x 40,000 this morning already - my average has never been lower

Could have been.

I'd say you're right, and it's looking unlikely to be today. You should prob sit on the side-lines for a while longer doing what you can to push the sp lower. If we make it to next week it'll be another pay-day top-up..... see if you can't get it down to 0.55p for me by then :-)

Tick...... tick...... tick

The clock is ticking down. I wonder if today could be the day!

I've been here since 2020, but only really paid any attention to LSE after loading up to significant levels. You're prob right about the tongue in cheek supercar comment - I'm way to boring to do something like that.

Anyway......how soon lambo? :-b

I'm intrigued by what your angle is here Condor? Like what's the return for you for all the hours you spend on this message board and researching KEFI?

Is it just for bragging rights and "pizz taking"? Or are you sore after buying in too early and you're now terrified that you have given up and sold out in the dark just before the dawn? Or maybe it's more sinister.... are you paid per post, or is it more of a sp target bonus type thing?

I'll not be. I'll be top-slicing and busy choosing what super-car I want to be spending summer '24 driving :-)

The Condor Man, yes I am more than happy with a pizz take if it doesn't materialise. I'll maybe have lost 10%-15%.

Don't worry though, if we're 3p by Christmas I'll not be wasting my time looking you out to troll :-)

Happy Christmas Condor

That's your opinion. It's completely at odds with reality, what's been happening on the ground in Ethiopia, and what the Ethiopian government all think, but if it's not for you I am happy to buy whatever shares you have.

I've set a target of Thursday to get all my buying done - the biggest risk for me is that the RNS drops before then.

Which is precisely what presents potential investors with such a golden opportunity. Yep it's a risk, but if this was one of the majors then the sp would already have priced financial closure in and the sp would be 2p+.

Keep in mind that the mcap is currently only £27m. KEFI could be a £billion within a few years. If you want low risk, stick your money in a fixed interest saving account for 5 years. By then you might have kept up with inflation if you're lucky - KEFI investors could be millionaires!

Condor-man, I couldn't really care what you think, or where you think this will go upon financial closure. Even worst case the sp is still going to do 100%+. Allied will likely never do 100%.

The point I am making is that your mask has slipped and you've shown that by referencing Allied Gold you're only here to spread misinformation. You know that KEFI is a growth potential and Allied is an established company, yet you're trying to use this to say that KEFI is junk.

Your comparison is like saying a BMW M3 for £5,000 is a bad deal because it's not as fast as a F1 car..... just a ridiculous attempt to take down KEFI.

Struggling to figure out your strategy though - are you pumping Allied because you've got screwed there, or are you trying to drive down KEFI for a lower entry point?

The point is that by Christmas there is a very good chance that KEFI could be 3p, 4p or even 5p.

Allied Gold is not going to rise 20%, never mind 500%-800%.

Yours comparison it completely pointless. It would be like me comparing Allied Gold with Newcrest.

I think you are the one misleading. All well and good if you had owned Allied Gold during their expansion, but if you are hoping for growth and potential increase in value it's pointless. People invest in KEFI for it's likely mega growth potential.

Have you got burnt by Allied Gold or something (down 20% in the last month) and so you're trying to pump it?

Eh, is that Allied Gold who are down 20% in the last month? And have a mcap of over a billion ...... KEFI are currently less than £30m mcap.

Where do you think both companies will be in a month's time, or a year's time, or five year's time??

If you want to make money quickly via appreciation, then KEFI is the place to do it

But if they are selling 15,000,000 shares, that doesn't just happen instantly. To work that kind of sell can take weeks.

So long as they continue to sell at least a share every day then the trade is continuing and remains uncomplete. It is only when the trade is complete that they then have to report the TR-1.

Otherwise under the "Resulting situation on the date on which threshold was crossed or reached" it would be instantly triggered when the % reached 2.99999%, and would therefore state this. They would also then have to issue another TR-1 for each percent that they dropped (so another one at 2%, 1% and 0%).

"Read the rules instead of making it up" Yes, but they don't have to report until the selling is completed. Otherwise ever TR1 would be 2.9999999999%. You can't just sell hundreds of millions of shares in one trade.

" If they had been selling 'for months', there would have had to be an RNS when they crossed the 3% threshold"

I don't think that's how it works. If they've been working a large sell for months they only have to TR1 notify once the sale is complete. So long as they sold 1 share per day then they wouldn't have to notify until today, so they could have been selling for months.

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