Member Info for Stebo

Smellyben, I'm not saying that the sp is going to rocket tomorrow, or that funding has been secured, just that this rise is (legitimate) speculation - not some shady p&d conspiracy.

CMC_13, what are you saying? That Harry is insider trading, ramping up the price with promises of financing, selling out at a peak and then dumping the price. ha ha ha.

Away and have a word with yourself

KEFI can't just turn their sp up and down when it suits them. The sp is up because people believe company-making news is incoming. There are very few of these opportunities that come along - I'm grabbing it with both hands!

Ss2000, I suppose you sold up today and are going to buy back in on the dump tomorrow? What a load of nonsense.

The price is rising in anticipation of the securing of finance. KEFI is significantly under-valued with the securing of finance being the key to unlocking that. This was to be completed by end of March, so there is now an expectation that this could be worth 7+ this time tomorrow. People are speculating on this and the price is rising. This is the market at work. You pay your money, you make your choice.

To try to spread misinformation, to try to manipulate easily influenced investors, however is the lowest of the low.

CVM_13 - In what way would this benefit Harry, and in what way has anybody been "pump pump pump-ing" this?

You've shown yourself time and time again as talking absolute nonsense. Have fun with whatever agenda you're trying to push, but you're wasting your time.

CCM, how come you spend your free time on here telling people this? I presume that you're not invested? Why have you any interest?

Smellyben. I'm not sure what's so confusing - just listen to the interview.

At that stage "the backbone" of the financing was done, and there was one final opportunity for local institutions to get on-board in March. When that's done (ie now) they will do the final bit of finessing to work round whatever local interest there has been.

I'm fully expecting a 5th / 6th April RNS, and an accompanying multibag re-rate to the sp

SmellyBen

https://webcasting.brrmedia.co.uk/broadcast/600b03dbea090471deaf6564/6017be697577b81e8414b3ee

Listen from 25min. "They'll be told they have to sign up in March". To me that includes the 31st March.

The fact that you have tried to intentionally misinterpret my own comment about ISA, etc shows you up as just being here to meddle, so I'm not going to engage any further.

Here's to an RNS tomorrow....... or next week

I'm just going off the recent interviews.

Harry said that about $280m was in place and there was about another $20m up for grabs for locals. Depending on how much of that was taken up would determine the final equity split. The locals had the same terms as the government, etc. so therefore it was at a fixed price and would come of KEFI's equity. This means that it wouldn't effect the other $280m of investments.

I understood that this closed today, then Harry said there would be a small bit of tweeking and finessing to get the final numbers pulled together. Part of me now suspects he maybe mentioned that to give KEFI a day or two before releasing the RNS, gifting us PIs another £20k isa allowance.

I'm expecting it tomorrow 7am, but would not be at all surprised if it doesn't come until next week.

SmellyBen, Perhaps I am incorrect, but I understood that there was another round of local investing ie the month of March, and that is the final piece of the puzzle

As I understand it the window for "local investment" is still open (today is last day), so there was never going to be an RNS today.

Might be one tomorrow, but more likely they will take a day to finalise the figures, get final sign-off from other investors, and then draft up RNS for release next week.

It's nonsense (or malicious bluff) to pretend to be disappointed that there was no RNS today - there was never one expected

Bull**** - I don't see 1m shares being sold today. Care to let us know what trades are yours?

Either that or stop trying to manipulate people to get a cheaper top-up

Good luck trying to talk the sp down to allow you to get your isa top-up at a lower level, hopefully before this rockets.

I have the same vested interest and I'd love a 6th April top-up at 2p, but I'm not so deluded as to think that people reading LSE are so stupid to fall for such nonsense.

For you to have made £10k any time recently you'd have needed to have had a minimum of £30k invested (and perfect timing). I don't see any sales anything like that this morning.

I'm calling bull****

I'd just love to see the rest of the results from the first holes pumped into Scally!

I'm not disappointed by the price. This is just what happens round results. The true value is around 40p+ and increasing every time we keep decreasing that risk factor (must be significantly less than Berenberg's original 50% off 66p by now).

This is the easiest money you will ever earn - you literally have to just sit back and do nothing! The current prices are the perfect opportunity to keep topping up the pot. The longer this stays at these anomalous prices, the more I can afford to top up, and the more profit I will make when GGP starts mining.

Looks like it was a fat finger sell, that was immediately cancelled for the same value. Google sees it as the last trade so presents it as the sp

I haven't checked L2, but I expect that a late trade will have just went through from earlier in the day when the price was 22.93p. Could potentially be a massive buy, thus the late trade??
Not a sign of a sell-off

PS, Joebass, I'm not defending you, I'm defending Scallywag!

I still think you are full of it, and even you do have intel, I don't think that it benefits anybody except yourself by posting hints and rumours. Everybody received the RNSs at the same time - I'd rather that they drive the sp, not an anonymous lse poster

Not that I am disputing that Joebass was pure bs'er, or trying to get raise hopes about the remaining results, I still that it is wildly pre-mature to write-off Scallywag based on three results.

We haven't even received four of the results that Joebass was hinting to have had intel on! For all we know GGP scanned all the cores, knew which ones had the gold and sent the other three off first (which is what has been released). Perhaps Joebass was right and it was the remaining un-released results that he had info on!

I'm not trying to ramp, or raise hopes or anything, but I'm a bit sick of Scallywag having become a by-word for "pile of crap". There is every bit as much of a chance of Scallywag dwarfing Havieron now, as there was back in Sep / Oct / Nov when people were bulk-buying Scallywag whisky and Kraken rum! I'm still excited by it and intrigued as to why GGP held on to 100% of it rather than lumping it in to the JV.

I don't expect anything from the remaining four cores, and I don't attribute significant value to the tenement currently, but I do trust Callum Baxter's exploration techniques, and if there's gold down there, then he's the man to find it - we just need some patience (and a lot more than 3nr exploratory drill results!!!)

Zoros, I feel that you are being just as pessimistic as Aquakidd is being optimistic!

I'm not sure you are correct on the 33p being based on 12+Moz, and then the other 50% of 66p being realised based on the FS, etc. I understood that the 33p arrives from a valuation of 66p based on 12Moz, but with a 50% risk factor applied, bringing the current (last Nov) valuation to 33p.

That 50% risk factor includes the risk of the total Moz not reaching 12Moz, etc.

Since that broker note we've had the following:
- Significant progress with the mine decline
- Newcrest have also made increasingly optimistic noises about the rate of progression
- We have also had further drilling results from Havieron, which have all been great,
- We've discovered a whole new segment to Havieron in the Eastern Breccia
- Plus the comment about a new separate discovery within the Havieron tenement
- Price of copper increasing which increases the AUequiv (and gold is still above the hedged $1400 rate)
- Whole new JV with Newcrest, plus loan agreement negating financing risks

To me the above significantly eats into the 50% risk allowance, and hopefully Wednesday's results will further that.

I don't think that the 40p mentioned is unreasonable. I feel like as of later there has been a narrative that the sp was over-cooked in the 30s. I disagree with this, and think that the current sp is the anomaly, however I accept that it is being driven by sentiment around gold, crypto, rainbow chasing, and whatever else is the flavour of the month.

The fundamental value is there for at least 35p, however that relies on the market being forward looking. I would expect a current Berenberg note to forecast an increased final Moz, and a decreased risk factor.

40p wasn't being dismissed in Dec, nothing negative has been discovered which should change that so don't let current negative sentiment (not the current sp) dictate a ceiling to the valuation.