Member Info for steve58

If some company offers £500 million plus before production i would certainly be very tempted.

Stilk have SA.

Good to see ask higher.

Rise in gold price to $2100 gives us an additional £500 million potential income over the life of the mine.

Fourteen times our current mc.

Makes you wonder just how high this share price could go.

Every dollar increase in gold price should feed through to the bottom line.

Extraction costs are almost fixed.

Seems any company doing business in Africa has to endure long drawn out legislation rules and regulations.

What with corruption and war not a good place to be at the best of times.

As a scir shareholder i know that all this waiting does nothing for confidence.

We have to hope that the financing is sorted soon.

We must assume that fitzpatrick still has his shares.

The market seems to think sp.

Pity it wasn't TR being shown the door.

Did DR go voluntarily or was he forced out by a major shareholder.

Him going will not make the slightest difference.

And as for making the conservation of cash as an excuse.

Seems that no investments are in the pipeline at the moment.

Have to agree with you there.

Seems we have little cash left absolutely no investments forthcoming as any that were available have long gone.

The board’s strategy of busy doing nothing has not changed.

I see helium ventures has made a complete change in strategy.

Imo renewable energy is a waste of time and shareholders money.

Generated electricity is only worth about half they were getting a year ago.

Just a shame the board haven’t noticed this.

Monty python song.

Look at the sketch for people with no sense of direction.

Just about sums up our bod.

Makes me laugh anyway.

Sp just about reflecting the cash in the bank ( if they haven’t already spent it).

Values the AD plant business at almost nothing which I would agree with.

Falling renewable energy costs probably mean that out solitary plant will never make enough money to cover its costs.

As for getting the £1.2 million loan repaid I can’t see it happening when the company that owes it is basically insolvent.

Another brilliant investment by the board.

Not even good enough to bother rating.

I know where i'd tell them to go.

Same happened at sirus minerals a couple of years ago. Billions in potential income but couldn't raise the finance to finish the mine to production stage. Got bought out for a pittance.

I'm sure they are ok.

$3 million should pay the salaries for the next few months.

Still trying to fathom out what the board actually do. Answers on the back of a stamp.

Thanks for the reasurrance.

Hope it gets sorted soon.

Disinterest, I wish id never heard of Kefi or invested for that matter

The only deadline met is pay day every month.

Although good news about the reserves and rod installation it is already at least two months if not more behind schedule.

You can have huge reserves but getting out of the ground earns the profit.

The delay has spooked the market.

At 250 barrels a day income about £6 million a year.

Assuming all production is attributable to us.

At 900 barrels a day about £21 million.

A major rerate is due especially once output commences.

Good news but three months behind schedule.

Seem to recall the main pump was to be installed in October now first quarter next year.

The good news is that reserves have increased massively.

Maybe the board have an ace up their sleeve and will surprise us all.

I was hoping for something on par with the one dyas deal.

Ot wont happen as they have no way of raising funds on the market and they have changed strategy to the crap AD plant business.

I know they are trying to be eco friendly but at the expense of shareholders.

Basically we have a board that do not really have a clue what direction they are going in.