Member Info for Xhita

fantasy. ramping, i am not ramping. that's bull****.

10:58:47 1.14 42,000,000 Unknown* 478.80k

This landed when the share price briefly recovered.

It does seem bizarre taking that sell at that price and not marking it down further. Almost as if they wanted the volume.

14:31:19 1.10 13,431,624 Unknown* 147.75k

This was 3 minutes before a 6m sell broken in 4x 1.5m A trades.

Almost 20m in sells with 4 minutes in this stock with dire liquidity. It's been the same all week and ultimately it's walking the share price down.

A short term pressure that's providing a very cheap position in KEFI.

I suspect that even without the recent placing it would be at similar levels and of course without the safeguard of the additional funding.

Unfortunately it's one thing after another in the world at the moment and it's difficult to catch a break.

The outlook for gold is very strong. At $4500 the mine is a cash generating machine. However we are 22 months from serious production volumes that would create profit.

The Kefi management are largely spectators at this point. The construction function is all contractors and requires nothing from Kefi. This is why they are looking further afield and at the underground targets. Clearly the short mine life is a concern but it highly likely to extend much further underground at high grade that currently modelled.

It'll be October when mass progress onsite becomes evident. Currently there's bulk earthworks and preparation.

I would be extremely surprised if they don't hit the timeline given it's very tame compared to others.

If the mill arrives on time then the mine will open on time as it the major component and a complete showstopper if there's any hold up.

Personally I am quite relaxed. My average is 1.272p now and whilst I could have got in lower I am happy here.

Just here

"This company will make some progress, but not for a good 6 months"

Ortherncopper. You are going to have to evidence that. What makes you believe or is it suspect it'll be a 6 month sentence with no share price appreciation.

Personally I totally disagree. I see this as an event driven trigger. Some people are taking advantage others aren't. The share price has no right being here.

The risks near term are obvious. Election and Ebola.

However Ebola is much more likely to restrict global new gold availability than affect Ethiopia

I rather suspect the 6m sell triggered it off. The market is saturated with available shares and these volume sells are walking it down. I'll continue to buy whilst I can

My on exchange buy filled. Crazy stuff. There appears to be substantial buying but is there. The share price tells a different story.

The market has massively called this wrong in my opinion. Valuing TK as a failure currently

Still a substantial wash of unhomed shares I suspect. Probably 30m+. A couple of 1m sells today but some buying also. It seems to be making a stand here. I have added some more as I am around 8% down currently.

I am surprised by the opportunity but it's often the way when the share price is ridiculously cheap it can be volatile with a strong seller.

As Harry said this will be the transfer of wealth from the impatient to the patient.

However they could have made a quick buck at 1.4 to 1.6p but the chose to sell at a loss. I doubt it was a choice

# of Trades 100

Vol Sold 1,348,270

Vol Bought 5,074,941

It'll take a few days at this rate but the overhang will go

Winston yes Harry confirmed he will do that.

Did they have a presentation on 10th April where they updated that everything was on schedule.

What's happening here is quite simple.

There's been a substantial round number seller for around 9 days. This week that stepped up and share price stepped down. We had 19.5m buys late reported yesterday but a deficit of around 60 to 90 million shares.

I suspect there's a 40 to 70 million overhang. Once absorbed it will refloat, possibly soon if the market is confident enough to raise the price. After the squeeze a lifting of the price may find more sellers. They'll hold the price in a tight range until then.

People need to ask themselves now, if it went to 1.5p today would you sell or would you buy.

My answer is I'll buy at 1.1p , I'll buy at 1p but at 1.5p I have already around €300k so I don't need more. I will reduce my average to give me options later but not run it up. The market knows that

Pat the reason I suspect is there's no anticipation of immediate gratification. The smart money will buy and hold. Most people are trading.

Elections are an issue but it appears re-election is the overwhelming expectation which would be very positive for KEFI

Cjm so if Harry's model is to dilute shareholders how else do you think an explorer becomes a producer. Every placing is necessary to get to the goal.

Harry raises money when he needs to. The business needs protection and that comes from not running out of funds.

Now we all have a part in a massive gold project which is fully funded and 70% through debt.

The cost of getting here has been very low so far. It's a multi billion asset for a few hundred million. If you think he raises anything not needed you are beyond help.

The market shouldn't need constant updates and KEFI shouldn't need more funding for TK but the important point is the mine gets delivered on time and on budget

Duh cjm why do you think......

We won't see gold until Q4 next year. The AIM doesn't have many investors that see beyond a few weeks.

Ask yourself why you would buy today rather than any other day. It's cheap today, it was cheap yesterday as well.

It's pointless panicking every time the share price moves.

Fantasy the vast majority of trades are reported immediately. These 2 trades were well above the mid and delayed. The point of delaying is to cloak them from the market.

I doubt they overpaid for them considering the deficit during the day. I suspect had they been sells the share price would have dropped as a result as it had been doing on every substantial sell during the day.

We'll wait ho see if the seller returns today. I have on exchange buys set at 1.1p.

However I suspect we may have seen a reversal already

Looks like 19.5m delayed buys. I wonder why they delayed those.

Waiting for the car ferry to Africa for the next couple of weeks. It's a tough life

Cjm are you and bonkers the same problem. You both seem to have the same problem

A 7 million delayed buy looks well timed. Tomorrow could be more interesting