Share Chat

Below, I've included a small comparison of the number of capital increases over the past three years with other gold mining companies. They're all comparable to Kefi. Nothing out of the ordinary.

1911Gold will start production next year, Talisker is already producing some but wants to increase production, and NexGold still needs to finance and build its factory. They all have one thing in common: they need cash.

NexGold: 5

1911Gold: 4

Talisker: 4

Kefi: 4

In terms of the volume of capital increases, they're all comparable, although NexGold holds the record last year with CAD 112 million.

So what are you all getting so worked up about? Kefi is doing what everyone else has to do and has nothing to do with Harry Potter, enrichment, etc.

In fact, the share prices of the aforementioned companies are sometimes even performing worse than Kefi's.

Some here seem to think Kefi's share price trend should be different and that it's solely Harry's fault.

I really can't understand why some people here think it's a good idea to vote against the proposed capital increase measures at Kefi's general meeting at the end of the month.

Every gold developer needs fresh capital to reach the production stage. That can't simply be achieved with debt financing. Some need more, some less. You only have to look at the capital increases of various gold developers over the past 12 months. Kefi is no exception.

Add to that the recent civil war in Ethiopia, which halted all progress. Kefi and Harry can't be blamed for that. But they constantly need cash for personnel costs, etc., and in this situation, that can only be achieved through capital increases.

Or would some here prefer that Kefi shut down operations due to lack of cash and file for bankruptcy? It's crazy what some people like goldQueen are demanding.

You're only hindering yourselves in expanding the gold resource. Let's say an opportunity arises to acquire a license for a resource of 500,000 ounces of gold nearby, which could be processed in the existing mill. However, they would need to raise the necessary cash quickly.

You're voting no, and Kefi can't acquire the license. Such a situation is suicidal. 500,000 ounces represent a value of $2 billion.

Or don't you want Kefi to increase drilling at the current open-pit mine to expand the gold resource by 1 million ounces and potentially increase the annual capacity to close to 200,000 ounces in the future?

That requires cash.

Harry said in the last presentation that funds are available for future opportunities.

Don't you want Kefi to increase the recoverable gold resources in the future and thus extend the mine's lifespan?

Don't you want Kefi to increase its annual production to 200,000 ounces?

Do you just want to sit on a million ounces of gold reserves, as long as you don't take on any more equity or debt?

Okay, then vote NO.

Some of the suggestions here are completely insane.

The final 400 million dollar master funding contract is already signed, sealed, and announced to the market. The senior lenders have already committed to their debt facilities under the company’s current legal framework.

If a massive, structural change to our borrowing limits or the erasure of our pre-emption rights was a strict requirement to secure that loan, it would have been legally voted on long before the contract was ever finalized.

Instead, the board is using the banks as a psychological shield to push through Resolution 6 and Resolution 9. They want an open checkbook so the executive gravy train will continue unimpeded if their timeline slides.

Do not let them spook you into signing away your rights as a company owner behind closed doors at the Hilton London Angel Islington. Protect your investment, and vote AGAINST Resolution 6 and Resolution 9 ahead of the 30 June deadline.

Seadoc I voted my support online already on my 5 accounts, around 32m shares so a drop in the ocean.

I will be in Cyprus AGM time but I hope to get a flight still and be there.

Largely I very much support their actions so really there's no point to go.

Those who don't well it's up to them. All I would say is without Harry and without the banks you have nothing.

Rob just imagine if they had diluted for SA. Now they could own 50%.

I just don't understand why people are thinking so small time. This is a opportunity, it needs grabbing and aggressively pursuing.

Why would anyone want to sit saving money paying the board for doing nothing.

Currently trying to liquidate some of my assets for a couple of building projects but proving to be a problem as people are facing tough times, with little spare cash.

It's like sitting on a gold mine but no one to sell it to unless you're willing to accept silly offers.

Will you be buying the next pump and dump EnergyB make another 100k?

Regards.

I wouldn't say money is no object; I always live within my means.

But, whereas many retirees are trying to make their money last, I'm trying to keep mine growing.

I want to (literally) be the richest man in the graveyard!

For the last two and a half years I've been having to wind up my Father's estate for my mother, while looking after all of her affairs.

That's the reason I've still been posting here, as I had intended to move on until he died.

I've still been investing, but on a much lower scale because I haven't had the time.

I am about to hand over all of my financial affairs to professional wealth managers.

Mostly so they can set up some Trusts (Capital & Income) to benefit me and my heirs, but also to give me back some time.

You?

Shurrup Skwizz, we all know about your trading! 😉 You know I wasn't including the smart investors/traders.

What do you do with your time now money is no object?

Up over £100,000.

How much are you down by thanks to UKOG? And why do you think that is?

I'll start £0.00p! DL serial scammer.

You?

Only if it stays above 0.295p. Zak did mention there being a bear trap if it doesn't. I think it will retreat back below 0.03p next week and if it does, I will be waiting. Already had a good trade out of this share this week and will be looking for another quick trade if it materialises.

Morning Peeps......

Gap up mentioned, and 0.04p by the end of the Month......! :()

https://youtu.be/ZnsFdT8LU4U?t=651

All the best (the upper trend line points to 0.06/0.07p......! :)

Hot Dippity Dawg! - 🧑‍🌾

Dang, you British guys need to chill. Have a sip of tea or something dude! A “toilet??” - what kinda weird insult is that.

There’s a difference between pointing out SYME’s brutal history and pretending that history automatically kills the current setup.

I’ll happily concede the old story was a mess…a big mess! My own research shows that.

The original valuation was massive, expectations were huge, the bank funding route didn’t land, the €8bn funding dream never became reality, Sharia/MENA never scaled, timelines were missed, dilution was brutal and the share price has been absolutely destroyed.

No serious bull should deny that.

But that is not the same as proving the current model has failed in 2026.

You’re arguing against the 2020/2021 SYME hype deck. I’m looking at the current facts.

Since then, SYME has disclosed actual IM transactions, including the 2022 inaugural IM, the 2023 UK traditional funding IM, further Italian IM activity, Tekne via the SYME platform, and cumulative first-purchase inventory monetised increasing from £4.5m to £7.4m.

That is small versus the original dream, agreed.

But small is not zero.

Also, the old client onboarding/down payment issue proves early execution and contracting were messy. It does not prove every client was fake or that inventory monetisation cannot work.

The key difference now is the backdrop.

Italy has changed its SME/securitisation framework around inventory. Law No. 34 of 11 March 2026, known as Italy’s Annual SME Law 🇮🇹 - Legal commentary describes it as opening the door to “cartolarizzazione del magazzino” — inventory/warehouse stock securitisation. Look it up!

Tekne is tied into NUBURU/BURU. Golden Power is in play which IM’s form part of. IM Bonds are in play. Italian industrial finance is moving closer to the exact area SYME has spent years trying to build. SYME’s got a big head start!

So yes, bears are right on the historic damage.

But they’re wrong to pretend nothing has changed.

The honest question is not “was SYME a disaster for early investors?” Clearly, yes.

The honest question is whether the bombed-out market cap now reflects the 2026 setup: Tekne, NUBURU, Italian law changes, inventory securitisation, IM Bonds and potential defence-linked working capital demand.

If SYME still fails to scale from here, bears win.

But if this finally joins up, the rerate from a sub-£2m market cap could be violent.

That’s the trade-off. Not blind faith. Not old hype. Just risk versus asymmetric upside.

Anyway, hope you guys are enjoying our World Cup! 🇺🇸

You realise syme was valued at 400million when it listed and claimed to have funders falling over themselves.

It was supposed to have two pilots and be weeks away from a 30m IM within months of floating.

It claimed to be buying a bank and claimed to have 8bn in funding to back up the 100s of millions in inventory they had ready to go from the 132 clients which never existed.

It was going to offer sharia compliment IMs in the UAE.

Here we are 6 years on with a market cap less than 2million, and none of that happened.

It didn't happen because the funders weren't interested in risking their money for a product that wasn't true sale for less profit than they could make leaving it in the bank.

Years have passed since those "first IMs" and nothing has come of it.

The clients they actually had that had done anything more than express a vague interest who payed £15k to be onboarded for the product syme didn't have on a system that didn't exist, well they had to be refunded.

So they aren't going to touch syme with a barge pole.

And they were the lucky ones who signed the first agreement, the rest didn't even get their money refunded, they just got left with nothing.

So yeah, the model failed because it didn't work and the only IMs to date were funded by AZs grifting schemes.

And now we are in a situation where the only business prospect there is left is if AZ somehow managed to back door himself onto the board of another company and use one of his businesses to create work for this one, when they don't even need it.

So You've not research fùck all with your fake persona , your just another toilet back with a new profile slavering nonsense as if anyone reading it is stupid enough to not see exactly what you are.

🥱

Dang, this “platform failed” line is way too simplistic.

I have done extensive research here and feel very differently. I appreciate early SYME investors are likely pretty cheesed off at this point, and nobody can deny the journey has been slow, painful and frustrating — but failed? The public timeline says otherwise:

2022: inaugural IM transaction with a company involved in industrial/specialised vehicles, electronic systems and electrical wiring.

2023: first UK IM using traditional funding, involving a UK client supplying parts and technology to the global marine industry.

2024/2025: further Italian IM transactions funded through the first IM Bond, including one new Italian pipeline client and one existing client.

2025: Tekne S.p.A. monetised through the SYME platform, now directly linked to the wider NUBURU/BURU defence and industrial strategy.

And importantly, SYME’s cumulative “first purchase” inventory monetised has increased from £4.5m to £7.4m after the latest disclosed deals. That is not theory — that is progression.

Then you have wider commercial traction, including Inox & Inox signing a framework agreement to adopt the model.

https://financecommunity.it/inox-inox-sigla-un-accordo-per-monetizzare-il-magazzino-con-la-fintech-inglese-supplyme-capital/

So no, this is not “IM doesn’t work.” The real question is whether SYME can now scale it, fund it properly, and turn reference transactions into repeatable volume.

And the Tekne point is massive.

If Tekne’s SYME/IM structure forms part of the Golden Power application, then Golden Power approval would not just be a BURU/Tekne milestone. It would mean the Italian state has reviewed the wider industrial, funding and governance picture and allowed the transaction to proceed.

That is not a direct government endorsement of SYME, but in my opinion it would be serious indirect validation of the model inside a strategically important Italian defence supply chain.

Add in the new Italian law changes, SME inventory focus and securitization framework improvements, and the backdrop looks very different from the old SYME story. Regulation, industrial policy and structured finance all seem to be moving closer to the exact space SYME has been trying to build in.

Once that lands, SYME could suddenly have something it has never had before: government-level credibility by association, a defence-linked reference client, NUBURU/Tekne alignment, IM Bond funding routes, supportive Italian legal/tax/regulatory tailwinds, and a much stronger case to attract further Italian industrial clients.

The share price has been brutal. Execution has been slow. Risk remains.

But calling this a proven failure right before Tekne, NUBURU, Golden Power, Italian industrial finance, securitization law changes and Inventory Monetisation potentially converge? Dang, that looks more like lazy bashing than analysis to me.

Things could move very rapidly if this finally joins up.

Enjoy th

I'm not pointing out that I believe 90% dilution is going to be a thing but I am worried about it. I just want the board to do this the right way. It would be absolutely unfair to wipe out existing shareholders. We should be able to enjoy the future with this company just like anyone else.

Dilution is my biggest gripe here. The reason being is we bought into a company with 100m shares and we actually were looking very good. Then suspension hit and it's knocked the wind out of our sails. Now we need a major lift and hopefully the oil wells flowing will be that lift but I just don't want it thrwarted again by total wipeout dilution! Let's hope they don't.

So by pointing out that you believe 90/95% dilution is deemed as manic, i prefer to see it as absurd you believe this.

@affrrm, you panic in evey post about dilution so gave up on taking your posts seriously a long time ago.

I'm also worried about the dilution. I hope that they won't need to dilute by much ! That would thrwart any positives in coming back. This needs to be allowed to progress without mass dilution. Mass dilution wouldn't be necessary and any dilution shouldn't need to happen until the SP is allowed to rise. Raises can take place at 15,20,25p etc on the way up.....

Scccss I just hope this comes good for us.

If you didn't deep down agree with my points, you wouldn't make such a manic fuss every time I post. What will be will be. Best to be prepared for all eventualities.

100% Jeff, he comes across as a know it all and whilst he is correct on the dilution passed at the AGM anyone has hasn't factored this in more than two years when the shares were lent out only has themselves to blame. This 90% rubbish is just that as I dont include the possible 60 million shares as dilution.

He will no doubt come back with fluff and a barrage of posts as his style.

*make your mind up

Make your mind !!

In the past 3 weeks you have argued that volume is not important, that it was momentum that was key.

You said it was going below 4p - that hasn’t happened.

Infact it keeps challenging the 5p mark, and very likely it will breach that with sustained pressure and VOLUME.

The chart in the meantime is leading a resurgence, that is fact.

Always happy to help.

don't rely on your beliefs, they're biass and emotions attached...the market hence the the price is always the truth .price us king and volume is truth ,everything else is poppy****

I used it for a short time... I didn't like it.

But that's not to say it's no good for everyone, give it a try.

Would you not recommend them then mikey

Didnt do enough research but have a stocks and share as well as a cash isa..when buying shares it wont let you use more than 95% of available funds. When selling suggest using the limit option..and the values shown dont reflect the sales value but have a tendancy to use the buy price..

Doeds anyone here use Trading212 for dealing and is it any good / reliable

£500m + is realistic and fair for what we have without taking into phase 2 ourselves.

Remember many years ago (15 plus) that Tim wanted 50m at that time and vaguely remember seeing an article on it, so where we are now to me would mean Tim would want £500m+. The majority of share holders would to me be happy at this number, especially after buying some at 10p as one hell of a return 🤞

Yep similar view and think they will be looking for an offer of £500m+

Hi HBD, I’m tending to side with a buyout purely on the basis TM has side stepped waiting for JR and SP to produce “pay day”, harsh analogy I know, but just my gut feel after many a AGM attendance and observations of the body language of the “Trio”.

Of course, I may be way off the mark, but if we have a successful Toxicity Studies conclusion, not sure, how we have the BoD capacity to fulfil further potential given our current set up - August 2021 was the ticket for lth’s and that’s why I can’t see the “hyperbole” valuations of some ( no disrespect to those, just my opinion) given the influx of 10p buyers and averaging of such, the whole “caboddle” for £600m I’d be very happy- but, let’s get that data and GLP acceptance first!

GLA

HBD

Personally I think they would do a deal where it’s sold over taking up front payments as we know it will be years before this could come to fruition and only John would likely still be below the retirement age and the rest into retirement and enjoying life. I suppose they could appoint new board directors and John and Tim could continue to be directors or indeed non execs but I really lean to selling as tidier for their needs in my opinion (my take and opinion only)

Look forward to us all being rewarded and appreciate all the opinions as non of us really know until it happens but think we all agree it won’t hopefully be long now

GLA

Hi PCS - I think the BoD's strategy might be to seek a full t/over if 1801 is exceptional, otherwise try to license out each compound with the aim of getting the largest upfront payments rather than signing more lucrative, but heavily back-ended, deals - deals where there're no guarantees that every milestone would be hit and where it'd probably be many more years until the megabucks roll in. I've read enough articles on drugs getting shelved despite hitting study endpoints - no thanks!

Almost half way done if they are intending to fully divest. Certainly worth keeping an eye on for signs that they have stopped.

Looks like The Capital Group have only another 124 million to go

2pm 483.90...10.10 (2.13%) ...Bid: 483.80...Ask: 483.90....Spread: 0.10 (0.02%)

Market Cap: £6.03b

Topped up in ISA 4th June for 449p its all a bit of a gamble short term .

Had a better last five days then CMCX the alternative pick .

Up 1.5% against the pull back in CMCX - 3.22%

CMCX the other idea would of been a better by 18% over the two weeks .

Lovely little bounce this morning on the back of the MOU signing.

Hopefully this will continue it rise

3.5% Jump at opening, and now closer to 1.5%. Profit takers must be out in force

The Times has claimed our new PM in waiting would sack Rachel Reeves as chancellor if he secures the keys to No 10.

According to the newspaper, his advisers have concluded she does not represent a sufficient change of direction.

Kier to hold cabinet meeting on Tuesday.

The next 48 hours are going to be rather interesting!

Boy, bet that one got the panicky panicking 😄

My moneys on an admin error at Glovers. Who, by the way, are a specialist property litigation law firm. Not exactly your go to for a FTSE250 bank wind-up…

Thats before we get into the actual mechanics of a regulated, deposit taking bank (CBL being the regulated banking entity in the group), going into administration. It certainly does not happen like that. PRA / FCA / BoE involvement. Not a notice to the Court from the bank itself on a Friday afternoon, using a mid-tier property solicitor, with zero prior obligatory notifications to the market.

Distressed loan in the property finance / developer arm, with Glovers inputting data incorrectly on a Friday afternoon after the acting solicitor was drinking with the rest of London on Thursday, would be the logical explanation.

On with the show.

There are examples of Close Brothers Limited filing as the applicant. This one, for instance, where the Company is one against which Close has a secured charge.

https://caseboard.io/cases/268ce5e8-ed42-4f33-a477-62912d4735e6

It was Close Brothers Limited appearing in today's filing as the company, rather than the applicant, that caught my eye.

Excellent answer Tomhuk ✍️, hopefully we get fast tracked on several of these upcoming catalysts. Also remember that the future is building data centres for AI. These large data centres roughly consume as much energy and water,80k 🏠 equivalent. Plus millions of litre of 💦 per day for cooling towers. The build out will put much more demands on energy,as 100 data centres is about 100 cities of more energy around the world. UK isn't ready for the uptick in demand coming from data centres. Just my thoughts on future energy demands. Think the project isn't getting enough PR, and Institutional investors need to be presented the project to buy in... Management will need to present the project to Institutions for sticky 💰 to invest. A higher mcap, and then they will get noticed £50-100mcap ....

Hi KullyBahia

The next catalysts will be a long list of things as we enter into a very news rich period.

News should include:

- DCO process through planning and environmental (much streamlined due to our Section 35 “project of national significance” designation)

- Further tier one partnerships

- Offtake agreements for gas, gas storage, hydrogen, Graphite and Ammonia

- OFGEM LDES Cap and Floor selection

- Green funds and grants

- Institutional DEVEX and CAPEX funding

- Potential government funding via DESNZ, GB Energy and National Wealth Fund.

- Multiple buildout milestones and multiple FID’s

Also given the potential and the small MCAP… A Buyout

What's the next catalyst for the company now the licence has been granted? Institutional finance? Anyone care to elaborate please,gone very quiet on the rns. Not that I don't think management ain't working hard for lths...

Following yesterdays closure of Hormuz will cause a lot more uncertainty among shipping companies and insurers around passage through Hormuz and likely to avoid for the near future when announced open again. Too risky to be spontaneously attacked of trapped. Upwards pressure in oil prices which Iran can now sell as is blockade lifted, other ME countries once again finding they cannot get tankers out.

this will be the status quo...america are irans ***** now and anytime they put a foot out of line we will get the straits of hormuz are being closed announcement

I don’t think they ever stood a chance. It’s a big country 90 million people, many will be sympathisers to the current regime. Netanyahu fooled Trump and there has been untold misery for millions of people across the region. I guess investing in an oil and gas company has these unique hazards and we accept them for better or worse. I really would like stability on a humane basis and we see the growth of our investments through great leadership and perfect execution of a strategy.

A little more pressure and perseverance and the regime would have collapsed… US had their chance and blew it, a shambles DT will leave in his legacy

Bit of a nonsense trying to work out free cash flow and debt reduction with the latest news. The cynic in me suggests that Netanyahu did this over the weekend whilst markets are closed and then back down to a ceasefire before they open again . Wouldn’t surprise me if Trump is turning a blind eye to this hoping the Iranians will not react. We will know Monday if the Iranians call their bluff close the SOH properly and attack a few ships. You really can’t polish a turd and that is what the MOU is.

Https://www.miningsee.eu/cinovec-lithium-project-advances-from-dfs-to-permitting-phase-as-czech-republic-tests-europes-critical-minerals-strategy/

Nothing new but effectively frames this as we’ve been discussing - it’s all done - but will the CRMA framework be effective? Can CZ rise to the occasion?

Useful analysis of the significance of that regional rezoning too…

“Every lie we tell incurs a debt to the truth. Sooner or later that debt is paid.” - from the miniseries Chernobyl

"All the claims about Net Zero from the temperature record through catastrophic warming to cheap renewables and becoming a green energy superpower are fake

Net Zero is a fib, wrapped in a falsehood inside a farrago of lies. Net Zero is peddled by tricksters, charlatans and shysters to scare the public into handing their money over to parasites sucking the lifeblood from the economy. It is time for reality to bite back, for Net Zero to be abandoned and the debt to truth to be repaid." David Turver, Eigen Values

Net Zero has earned its place in the pantheon of cults. I think we should harness the power of Dragons as in the Game of Thrones.