Member Info for Willowman

Dontpanick, what aren't you happy about now?

Perhaps he would have been better not releasing this nonspecific RNS. I think that it demonstrates how out of touch MC is, trying to boost sentiment and being way off the mark. The market/PIs don't want flannel, they want solid progress and a clear path toward gold production and cash flow.

Am I wrong? Look at today's price movement.

Bunion, I also rode the Centamin wave and did very well out of it, this however is no Centamin. We have the spiv Harry at the helm and if anyone can snatch defeat from the jaws of victory it will be him. Only someone new to Kefi with no painful memories of Emed would have even the slightest conference in that used car salesman.

Hollybean, rabbits come out of hats, cats come out of bags. Clearly you are very excited to be mixing your metaphors in such an egregious manner!

I too am way underwater with this from years ago, have averaged down massively so am very optimistic that I will recoup my losses and a great deal more. It has been a very long journey but I think that our time is close

I assume that we are paying all of the ongoing overheads for the ship, fuel, berth, crew's wages and sustenance during this period. No wonder everything in the oil industry costs so much. I naively thought that the the ship would turn up ready for action, do what has to be done and then leave.

It's an eye opener, I have much to learn.

I am wondering if I can apply the same model to my landscape gardening business!

Keith, if what you say is true then the seller(s) are doing us a huge favour. They are providing us with the opportunity to buy back shares at a lower price and thus more shares for our money. As we all know this will result in fewer shares being in the market. Eventually fewer shares but same market cap means a higher share price, not an artificial spike on excitement but a solid higher price underpinned by assets.

Turn off your computer, relax and be patient. This is playing out much better than I anticipated, my fear was that the buy back would cause hype and froth. I am certain that we will all be well rewarded here if we stay the course and wait for things to unfold.

Can you hear it? The calm silence. The gentle lapping of the waves stirring a few remaining stunned fish and a cloud of fish scales. That is the calm aftermath of a baitball feeding frenzy.

The hunters have moved on to other prey and we are left with the tranquil lap, lap lapping. When another baitball (news or rumour) forms around Tower they will be back so be prepared but until then simply enjoy the lap, lap, lap of the gently breaking waves.

RothRock, I couldn't agree more, spot on.

Mark listen to this interview and take note. You have done a great(ish) job so far but it is now time to step aside and hand over control to someone who has the necessary skill set.

People are playing a bit fast and loose with the decimal point here. Vanvan's original post used a dividend of 0.05p and a share price of 2.8p. Others have gone on to multiply the dividend by a factor of ten by moving the decimal point. Hence people are arriving at different percentages because they are working out different calculations. I hope the 0.something is correct and not the 0.0something when payday arrives.

Afraid 1.78% or 1.8% to round it up is correct. 30,00 x 0.037p dividend is only £11.10 or £111 for 300,000 shares.

BigEvi, that is absolutely spot on, you summarised my view of the buyback perfectly. Thank you

I agree John, all points of view are useful in helping us to maintain a balanced perspective.

So whilst I am very optimistic about Ariana I do have one concern which is niggling away and threatening to undermine that confidence.

In a word "Cyprus" . I don't like anything about the deal so far and it does worry me that the Ariana team may be going off piste. It isn't gold but copper, we have a proven track record in gold not copper. I don't like the idea of us going away from what we have been successful at, not yet anyway, not until the company is much larger and more well established. The Cyprus deal also appears to have the fingerprints of Harry Adams all over it and that is a MAJOR red flag for me. Any wiff of us having business connections with him and I will simply sell up and move on. No ifs, no buts, no maybes, that will be me out of here.

So I aren't 100% bullish John, I do have reservations.

Not sure that I can really agree that last year was a damp squib for the share price. We started the year at about 1.5p and ended at almost 2.5p so quite a healthy gain in percentage terms.

I bought a load more at 1.6p and then again at 2p so I consider myself to be very fortunate to have made such a decent paper profit during the year. I prefer slow steady gains rather than wild volatile swings, better for the nerves and more likely to be maintained.

Don't loose sight of what Kerim and the Ariana team have achieved. It is a rare thing for a small exploration company to find a deposit, prove up a resource, gain all necessary permits, raise funds, build a mine and produce gold at a healthy profit whilst quickly paying down their debt. This indicates to me that the Ariana team are competent, capable, dedicated and savvy. Hence I have confidence in them to take the company forward and develop it into something even larger and more successful that we can all continue to profit from.

Apologies John, I meant Ash.

Thanks for sharing Vanvan.

John, I agree that the article has inaccuracies fairly typical of someone using interview notes to write an article about something that they don't really fully understand. There are also a few snippets that if true are rather interesting.

The standout bit for me, being extremely bullish and optimistic about Ariana, is the bit about turning 30 million into 300 million.

If he carries out the stated plan of multiplying our 30 million (cash or market cap is unclear really) by 10 then we may reasonably expect our share price to increase by 10x.

Slugworth your optimism is great, so fresh and enthusiastic, how long have you been in Kefi?

I hope rana3 is wrong because I hold a lot of these and it is the dog of my portfolio so I would love it to start delivering.

I aren't a technical investor so don't claim to be a chart expert.
Having said all that I have just taken a look at the 3 year chart and to my nontechnical eye it would appear that in the absence of very good news he may have a point.

Fingersandtoes, I see you are directing people to bonker99's site. I don't know if you are bonker99 using another name or you are one of the poor saps under his spell. Either way I would advise you all to give anything to do with bonker99 a wide birth. He talks a storm, pumping all the way and then vanishes in a puff of smoke leaving the gullible holding the loses. I observed him applying his art over on the mtr board where he garnered quite a following.

And no I wasn't sucked in as I have been investing a tad too long for that.

I don't want to be a ramper or appear over giddy but do bear in mind that 3.5p will give us a market cap of around only £40million. Not excessive at all if we have the 3 farm-in deals under our belt. Still that will hopefully be just the start, successful drilling producing oodles of black gold and who could say?

There I go, being over giddy!

Well to be fair to MC, he did say that 2019 would be a transformational year for Condor and boy was he right. I just hope that he doesn't make a similar prediction for 2020, I aren't sure that my nerves and finances could stand up to it.

I worry that having worked on the project for so many years and being chairman and CEO means that MC holds the project too tightly and takes it too personally. It is business, the idea is to make money and to do so we need to mine for gold,to do that we need a mine builder to take hold of this project and drive it forward. Nothing against MC, he has done a good job so far but he is not that man but I suspect that he doesn't want to release his grip. I would hate to think that his ego and ambition were costing me money!