Member Info for TheCondorMan

Lol that's why investors stumped up $500m recently because there's no growth.

Either you are acting dumb or deliberately misleading

they are happy because its already a gold producer.. has been for years. 370k / year

they reserves... RESERVES of 4m oz (set to increase to 8m)

they have cashflow... loads of it

what does kefi have.... NIL

Market cap because of $1b because

1) they produce 370,000 oz of gold... annually..

2) target to 700,000 oz over the next 6 years

3) $500m + in cash

4) over 4 million oz in gold reserves

5) they produce oodles of cash flow

That's why they have a market cap of $1b (minus $500m of cash.. which is $500m market cap).

Because they dont have to rely on creditors stumping up the cash. They are cash flow rich, and the $500m raised includes $40m from the management / directors themselves.

Allied Gold operates three mines in Mali and Ivory Coast that produce about 375,000 troy ounces annually. They aim to lift output to more than 700,000 ounces over six years investing $500mn in the Kurmuk project in Ethiopia. In that time, the company aims to triple core earnings from $200mn to $600mn.

What does kefi have ? no cash, no cash flow, no gold. Entirely reliant on lenders.

They were 'naked shorting' shares. This is illegal in the UK (and EU, USA)

https://www.ft.com/content/2eaee25f-9e63-3322-ad0b-9cab48d93b4e

"those who sold stock without first having the shares to sell. They are, technically speaking, naked and short"

Naked short selling involves the short selling of shares that do not exist. It is illegal—the legal way to short sell is to first borrow the shares before selling and opening up a short position. Naked short selling, or naked shorting, is the process of selling shares of an investment security that have not been confirmed to exist. In contrast, conventional short selling begins with an investor borrowing shares. Naked shorting is done without having first borrowed the shares, hence the 'naked' moniker.

although UK wants to unban it now

https://www.fnlondon.com/articles/ban-on-uncovered-short-selling-could-be-set-for-scrapheap-in-government-review-20221209

The UK's ban on uncovered short positions has been thrust into the firing line as the government asks the City whether the rules are still appropriate after Brexit.

Uncovered or naked short-selling, where shorts sell shares without determining they can be borrowed first, potentially leading to short pressure over and above the tradeable shares in the market, is currently banned in the UK and many other global markets.

An insider has access to data that isn't freely available to other investors, thus giving them an unfair market advantage. The legislation regarding insider dealing means that anyone who trades on the basis of information that isn't in the public domain is acting illegally.

https://www.richardsonlissack.co.uk/publication/a-guide-to-insider-dealing/

Forward selling of the sort that happened with New World Oil & Gas is already banned.

You are talking rubbish. If you are made an insider and so know a placing is in the offing, which hasnt been announced to the market the buy/selling in the share is illegal as you are trading on the back of inside info.

acting on inside information is illegal.

You would've to be utterly blind to not see the numerous times forward selling has happened here (and on so many other minnow stocks) prior to a bucket shop placing.

You must be the sort of person who believes politicians are upstanding "honourable" people... because they are addressed as "the right honourable"......

Then why didn't they report a holding RNS once they dropped -1% of their holding ?

Funny, one could say the same about you, the way you post on here

Right back at u, hobo !!

Q: Is it correct that the Executive Chairman has received cash remuneration totalling £1.7 million since 2006 (approximately £100,000 per annum on average)?

A: That is approximately correct.

======================

Really ? Let's see:

2014 £182,000

2015 £198,000

2016 £211,000

2017 £240,000

2018 £223,000

2019 £225,000

2020 £225,000

2021 £225,000

2022 £302,000

2023 £300,000

In Kefi Maths world, this gives an average of £100k

And dont forget, the above was basic salary only and doesnt include other compensations, consultancy fees, annual bonus, and the CEOs expense account. In one of the year's it totalled £750k

Show's the contempt the company has for shareholders actually dishing out lies in hope it wont be fact checked.

U r talking garbage. once they go below 3%.. even if they sell that 1 share that takes them below 3% (or even above 3%) . they are obligated to inform the market.

ur explanation is made up...

provide the appropriate rule from the AIM rule book that backs up your claim.

Read the rules instead of making it up. if they went below 3% then they would have to inform the market asap

"A relevant decrease in holding will

also trigger the obligation to notify. So, if A reduces its

percentage of overall voting rights from 4.1% to 2.9%,

two notifications will be required. No further

notifications will be required for any additional

reductions below 3%."

More like "strong seller"

Are "nervous nellies"... right ?

from another board, a kefi holder responds to the arrogant copy/paster 'scum' remark :

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given the history of this company, it is a bit rich people getting sniffy about speculation on a placing. haa has sold into strength numerous times before, often not long after stating he had no intention of tapping the market. i saw it myself a number of times and this bb is littered with posts from people ****ging him off for doing exactly that. even his great mate tw called him every name under the sun the time before last (?), because he felt so misled. the evidence is all there.

calling people 'scum' for simply judging a company by its previous actions is a bit silly. then again so is blaming conspiracy theories and other such rubbish, but that's the stage we're at now. anything but a bit of self reflection.

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"Forecasts show that the Group will require additional funding in Q3 2023 to meet project development, working capital needs and other planned expenditures. Should funding be required before financial close (ie full funding) of the Tulu Kapi Gold Project, the Company has potential access to short term funding from shareholders and other alternatives on offer, but currently not committed, as has been the case in the past."