Member Info for StephenX

Whilst they are biggish buys for a private holder; reality is this is a 150mil marketcap; we need millions to be bought/sold to make a move.

Positive in that is that it has held above 1.4 nicely for ages now as volume isn't moving it in either direction.

Why do you ignore all the other posters who literally say; IG is terrible and they are getting full liquidity on other brokers?

29 Trades so far; zero volume today and you are trying to talk up some action. When news comes it will pick up (if it doesn't we've got a major problem); you seem desperate to invent some action then conversely also say that you're not worried and riches will come as you'll hold to production?! Which is it!?

Literally zero volume today; again as we've said 100 times; IG is a terrible broker.

Hopefully all this disappears when news lands this week (or next) and zero volume days disappear.

Volume is a joke; it has to pick up from here on news but if it doesn't then those christmas SP predictions are going to be way off.

Low volume but some decent buys coming in... Bid ticking up? Is there something propping up background buying? I'd like to see a return of some buying before the news drops like a while ago; volume is way too thin given this is all supposed to be sealed up in next few days!?

Some decent buying propping up the SP today.. Guess this is the time to position for the week ahead; no reason why new shouldn't be early for once in Harry's life!

Thing is; everyone (bar a few) agrees that this is all good news and that it's going to be done within 7 days (+/- notification).

So if it's so 100% why the hell is volume so pathetic... 91 trades today!? It's just not moving. It's done really well to hold here but is the final final final notification of the finance package really going to make a huge difference? Given that it's definitely happening; why is the market waiting?

I really hope we don't need to start seeing production and digging to get this actually to realise some value from here..

What drop? It's barely moved, just the reported last trade which was a nothing trade. We get the same when it reports it up. Literally last trade price. This share desperately needs volume basically insane to have a stock of this marketcap and a handful of trades.

Volume is actually zero when rounded to nearest 0.1%

Very bizzare even for KEFI; the market isn't interested until this is fully signed it seems and if not then well it'll have to be pictures of spades in the ground!

Good points Rob... Is that what they need? The FINAL FINAL confirmation...

Frustrating if so as I can't see anything going wrong at this stage yet the volume stays away. Let's hope we aren't having this conversation in two weeks time and the market has picked up. Spread is absurd today.

Not this again....

Said this before; IG are terrible. Can buy/sell millions on other brokers.

FWIW you actually said: -

" However 14p is the NPV as soon as it's de-risked"

So 5p before Christmas is actually two thirds less you little deramper....

I've never wanted to be wrong so much in my life; 5p would be insane for my holdings in such a short timeframe. I'm happy to hold right through to production so again I don't disagree with your valuation which you seem to struggle to understand.

It's basically de-risked at this point; say 99% or so? So why is the market not interested; that's the disconnect. That's the issue that will stop it flying 300% by Christmas. Will it get the eventually... I hope so.. For someone who says they are here for the long haul; you do throw out some very short term price targets. Anyway; if you're right I'll happily concede unlike you I'm sure will find another excuse for a missed target you set.

Basically your thesis is that if you can't dream it then you're can't understand it.

Will park this for now then revisit at Christmas where like previous of your missed timeframes; there will be another excuse I'm sure.

Again; you keep saying valuation.

The valuation is irrelevant if the market isn't interested in the short term. Will full sign off change that and it causes this tidal wave of trades to push the marketcap up to half a billion in a matter of weeks? This seems highly unlikely. It's a question of market sentiment rather than any valuation. You may be correct "value" wise but if the market isn't interested; it's going to take a lot more time to get to a proper valuation. That's my argument not the fact it's not "worth" what you say.

Your timeframes are unrealistic; have been consistently so with your multiple predictions of timeframes wrong. That doesn't mean saying so is disagreeing with the fundamental value here. Arbitrary guesses to time frame valuations when incredibly unlikely is literally ramping a share. 254 trades so far; to get it up to half a billion it would need to be 2500 trades daily minimum in a positive direction if not more. This is after an RNS saying this finance is completely nailed on and will be complete in 2 weeks. The sentiment isn't there; will need progress with construction and closing towards that production of gold to get anywhere close to the figures you quote. I believe it will just not by Christmas.

Sorry misstype; the chance of the package failing is basically ZERO.

No you're not.

An arbitrary date deadline of Christmas and 5p is a ramp. We all agree KEFI is worth a lot more but sign off is nailed on; the vast majority of the the finance is done with the likelihood of failure of the equity part and therefore the entire package basically zero.

So why is the market not interested? WE can agree on the NPV of the mine etc however the psychology of the market is that it will take a tsunami of buying to get it to 5p in 6 weeks. I am saying that valuation on that timeframe is highly unlikely. What you do is then conflate that as a negative spin and that it means the valuation of the company and mine is being questioned. It isn't. The timeframe is what I am questioning as there's no evidence that it will do that; it looks highly unlikely given previous market reactions in KEFI so far.

This is the same as the over estimates you made on the initial debt sign off which you have to admit have caught you by surprise given your predictions weren't even close.

Be offended then; you mix up the valuation and timeframe arguments quite frequently I notice. I agree with the valuation but when it's not 5p by Christmas will you be "un-offended".

"I am expecting 5p-7p. Depending on volatility that might happen on the day of sign-off, or the mass-bed-wetting might come before the institutional investors pile in. Either way, definitely 5p+ within a week of sign-off."

That was wrong back in September except I am being offensive by suggesting that the valuation won't get there in the timeframes you keep putting and getting wrong? Is KEFI worth many multiples of here; yes obviously. Why isn't the market reacting in the way we all want/hope; it's hard to know. Sadly the days of huge overnight run away valuations on AIM are very rare (despite a few complete joke stocks). Moving a £140mil to £500mil takes serious serious volume. It's not a rubbish penny stock anymore and one day will end up on the main market I assume.

Not scoffing; I'm here for the longer term valuation. If I remember rightly you said original sign off would be a lot higher than here. NPV valuations etc are why this is a good investment but for some reason the market isn't interested in it atm. 5p by Christmas would need a change of biblical proportions which seems extremely unlikely. 2p to 2.5p on firming up finance is more than doable but I think the gains in this share will be over the life of moving towards production; why would it go to £500million with a two year lag before income (and all risk therein of timeframes etc).

Not saying it won't get there in the life of this share but it won't before Christmas; I guarantee that. That's just a pure ramp.

I agree everything will be sorted.. 5p plus?! That isn't going to happen. If an RNS comes out like today saying this is all nailed on and it doesn't cause any form of interest from the market; to make this a half a billion £ marketcap in 6 weeks; the volume will need to pick up a little....

There's no way this will make 5p by Christmas.

One of the best posts I think ever on this forum. Refreshing change to the tick tock bs.