Member Info for Steve4077

I would start with the company website.
https://www.kefi-minerals.com/

The price was affected by the conflict in Tigray (in Ethiopia but about 1000 km away) and by the hiatus while we wait for finance confirmation. The former seems to be reaching a conclusion. Check out the RNS on the website for more details on the latter.

Apologies amymerdif - I was being sarcastic because I mistook you for the de-ramper.

I am trying, but can't get a live buy price through II.

Alapa? I see you have spent a lot of time researching this company.

>> this stock has been utterly appalling for small shareholders.

Yes, only up 75% this year. Terrible!

Bear in mind that the bsg4 answer to any question will be that the share price is going to go down. Check his previous posts :)

I have to report a missing person. Answers to the name 'Punctuation'.

For II, just log in. Then click Portfolio menu, then Voting Mailbox. You will see a list of companies where you can vote.

Select SOLG and it will popup a form where you can select your answer to each question. Click submit and it is all done.

A small spread usually means a lot more interest in a stock. In terms of volume today vs average volume, this is the most active of my ten mining stocks.

Yes, they are definitely reading the board as the new RNS is directly addressing some of the points raised in debate in the last 24 hours. Otherwise, the text of today's RNS would have already been included in yesterday's RNS.

Not directly, but by restricting the BOD's room for manoeuvre you make it much more likely that BHP/NCM gain control, which in turn leads to massive dilution.

There may be a battle for control of the company (which includes our shares) and we don't know all the factors involved, which means we have to rely on the BOD to follow the right strategy. Therefore, you need to either trust the BOD (based on what they have done so far) and support them when they ask for our help, or undermine them and risk BHP/NCM getting what they want, which I suspect will not be to the benefit of private investors.

I recommend anyone considering investing in KEFI to read through the report. I learned a few things that increased my confidence, especially at the current share price.

With regard to the voting to allow the board to issue more shares, there seem to be two options:

1) Vote Yes and it gives the BOD the ammunition to threaten BHP and NCM with dilution of their voting rights, plus the flexibility to raise money in a variety of different ways.

2) Vote No and the share definitely gets massively diluted, because a new BHP/MCN-supported BOD will issue a huge and very low priced placing to BHP and NCM.

You have to decide if you support NM, or you think BHP and NCM will be taking the best decisions for private investors.

I suspect it depends on the internals. I have an 18L jerry can that I can fill with any water (lake, river, puddle) and it will pour out fresh, drinkable water (keeps going for 20,000L). On the outside, it looks very much like any other jerry can, so you might wonder why it was so expensive.

They want the option to issue shares so they have the option of diluting BHP and NC and CPG, which in turn reduces their share of the votes and avoids a takeover.

That would hit the share price short term, but result in a much higher long-term price.

For II, just log in. Then click Portfolio menu, then Voting Mailbox. You will see a list of companies where you can vote.

Select SOLG and it will popup a form where you can select your answer to each question. Click submit and it is all done.

I've had the black Elysium (I think I might even have a bottle) and it was very nice. However, you'd be surprised what will work for a dessert wine. Try a decent Cabernet with a chocolate brownie :)

Why is everyone so short term about this? ALBA a low-cap exploration share on AIM. It is going to have placings, it is going to have short-term swings in price and it is often going to have a significant bid-ask spread.

By investing in this stock (and others like it), you are accepting short-term volatility and risk for the potential of significant long-term gain. You can't have one without the other. Otherwise, go find a nice, safe FTSE share with dividends and accept lower long-term gains in exchange for less daily price movement (pandemics notwithstanding).

LOL. I've found the best way to increase the price of any share is to sell it and vice versa :)

Before considering the value of someone's de-ramp, always check their posting history.