Member Info for Xhita

Still a big seller at large but it appears the market has confidence to take the brakes off a bit now. Gold looking weak but it's about to change. I suspect June will be a relief rally for gold and a strong bounce.

I still expect this share to be mired around 2p at calendar year end and in 27 move forward substantially. However it really makes no difference to those in for the adventure beyond TK.

Even at 4p at year end I am not selling. I have bought way more than my original €250k limit. Hacienda will be rubbing their hands together for 21% of my gains.

Fantasy no that's wrong. The market is stupid and is often disconnected out of ignorance. This is called an opportunity. The same happens in reverse where companies become outrageously overvalued based on very little.

It's how the stock market is. Unfortunately some people don't understand that and look for failure under every rock.

Yes I do wonder why Kefi are stuck in this range as it makes no sense. I accept it happens and that's why I am a buyer whilst it persists.

The share price seems quite obscene at this level. There's almost no drive in the market and it's drifting.

The RNS and presentations have failed to reassure some which I find incredible in the circumstances.

Sometimes something becomes so disconnected from reality that people have no belief. The mine is being built, it is on time and on budget but very early in the process.

The biggest takeaway for me is the statement of the obvious from Harry. This is a vanilla pit and a vanilla process. This is something that's been done hundreds of times before and many times by those doing the process. The pit starts under the soil, so material for processing is almost immediate. The high and lower grade are visually different so they can be selective. The mill and recovery process is completely standard.

This build is very low risk. The setting is frontier but not remote. The burdens are very light and this is a very simple process as mines go.

The share price is stupid and disconnected from reality.

It may take time for people to realise that

Dogstar there's a schedule. They are ahead of it. They only need some of the land at this stage hence those people being mk over. Clearly they can't and don't need to move everyone immediately. As an example. The pit they don't need until the middle of Next year so why move people now. They are on phase 1 of 4.

There's a plan they are ahead of it, why are you trying to second guess it.

Clearly you can't stop the tide

I absolutely disagree. The 1.2p placing was substantially scaled back already. If it's not bad enough that shareholders prior to the placing were stripped of value it would add insult if the board loaded up at 1.2p on a heavily oversubscribed placing.

I have seen many companies where directors hold shares and it makes zero difference to the outcome.

Now they can pay 2p not 1.2p which was the peak price before they tumbled the share

Interesting that Atalaya was mentioned as it's an investment I made a lot of money on.

They are currently a £1.25bn business so what 8 times KEFI. However whilst in production it's very likely that KEFI will make more than twice the profit of Atalaya just on TK.

I am not suggesting 20p a share now but with TK at full production SA generating cash and several other mines in the pipe why not. Crazy right.

As long as Ethiopia has a supply TK has a supply. Their requirement is much smaller than most in production because of the grid hook up but during construction they could easily burn 20 million litres.

Kentred. Yes they are expecting a decision to commence this year. It will be a rapid project for development because they have finance at hand, no incumbent population to re-home. The challenge obviously is water in the semi-arid wasteland.

Assuming they go for it I would expect first gold in 18 months of decision. Like TK it's an off the peg operation. Single stage SAG which is now becoming a production line piece.

Perfect thanks

Can you post the link please. My region won't search from Africa

As I said fantasy he said certain members of the board had to provide assurance to the banks that they would remain. Obviously that would include HAA.

I have no doubt if he was ill or worse then it would be accepted. Certainly for me he is a big reason to invest in KEFI.

Fantasy. Harry told you but you weren't listening.

Certain members of the board had to give the Banks guarantees that they would remain through the term of the development. Look at the board and tell me that's not HAA

The comments were in a video interview recently where he was asked about board changes

HTTps://www.bbc.com/news/articles/c3022rd2er4o

Non story, fake virus news number 3 on the BBC.

Again I reiterate I don't think this is a TK showstopper by any means but geographically it can't be ignored.

I am astounded when I look through the funding history all I can see is necessary funding that's delivered a top class mine. Obviously years as an exploration company was inevitable and most never transition. HAA has done a great job in my opinion.

# of Trades 378

Vol Sold 30,243,727

Vol Bought 38,053,855

Vol bought is likely much higher. My trade broken into 4 chunks were all in red. Only €14000 but there will be others for sure.

Fantasy you are deranged. Sack haa and lose debt funding, yeah great idea.

Simms yes agreed. 2p looks nailed on for end of year.

The news is in the shadow of the realisation that despite peace talks Trump is the proxy not the decision maker. This has squeezed gold down again. More war more global stress, more stupidity.

A substantial overhang or offload due to market stress or covering funding. Ultimately there are only a few relevant factors for the share movement. More buys than sells, timeframes and liquidity. If someone needs to exit quickly for whatever reason even substantial buying won't offset the pressure.

This will be a good week in my opinion and the next few months should be excluding global events strong.

I see no rush for this to move up, ideally I would like to be in profit now but I have very low stress about the mine construction so I am happily a couple of percent down.

Sit tight and soon it'll float

Pat the risk is delayed delivery so keeping options open and maximum flexibility makes perfect sense. A complex and expensive process is on time and on budget, staying like that is a priority.

I think it's time for a bit of slack and a bit of trust that they actually know what they are doing.

2 years until full production. 18 months until we see the first gold.

My buy was broken into 4 all printed as sells.

I guess the seller is still active and last weeks deficit is in play