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Been in this since Nyota acquired the licence back in 2009 and on a rollercoaster ever since. Have averaged down so many times (mostly regretting) and have always believed in the geology and potential. Bought more when Centamin took a stake and now have ….too many for it to go toots up! Everything is crossed for HA to eventually get this across the line and see blue on my portfolio for the first time in years. C’mon Kefi. You got this. GLA LSH
Pat, I think all LTHs are thinking like you. Hopeful, but also wary of our history in Ethiopia. The latest TK RNS indicates syndicate approval of funding is scheduled to take place by the end of the month (the Nomad would presumably have seen 'evidence' to support that assertion?). Gold & copper prices are buoyant making the TK project even more attractive/investable and other mining developments are also underway in Ethiopia (the government has made a number of legislative changes to make mining in Ethiopia attractive to foreign companies)
Add in the continuing positive updates from Saudi and the stars seem to be aligning in our favour. Famous last words! GL
@ nimrod22 - a lot of us made that mistake, buying more when it "looked promising" and have been stuck here for years waiting for Harry's promises to come true and for "it" to happen only to be diluted and disappointed time and again. So many false dawns, frustrating doesn't begin to cover it.
This time however, it sounds like it may actually happen. I think I've said that many times before but that last update makes it sound so close I can almost - almost - believe it.
Let us hope this is the time.
You think!!!
But - NO idea why.....
Rob, I think this is actually going to happen. So many years of frustration about to be consigned to history!
Https://www.thereporterethiopia.com/39937/ (news round up second story)
KEFI Gold expects financial approvals for Tulu Kapi this month…
KEGI added that dedicated policing has been formed for permanent presence around Tulu Kapi and the other strategic mining projects, reporting to the Prime Ministry to ensure safe working conditions for the community.
“reporting to the Prime Ministry” This is getting pushed through at the highest level.
https://www.thisismoney.co.uk/money/investing/article-13403795/SMALL-CAP-MOVERS-Light-Science-Technologies-sales-flourish.html
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1112-tsx-venture/eam/160650-east-africa-metals-announces-tibet-huayu-moving-forward-with-mine-development-programs-at-the-mato-bula-and-da-tambuk-mines-ethiopia.html (Smart move by the Chinese swoop in when project looks in trouble then bide there time till things calm down)
https://www.morningstar.com/news/pr-newswire/20240510to11712/allied-gold-announces-voting-results-from-annual-meeting-of-shareholders
https://gulfbusiness.com/mithra-metals-expands-global-footprint-with-ambitious-acquisition/
MITHRA Metals, a prominent private investment firm based in the UAE, recently announced a strategic move that underscores its dedication to fostering global partnerships in the mining industry.
The firm has acquired 240,000 shares of ANS Exploration, headquartered in Toronto, Canada. This significant investment is in line with MITHRA Metals’ strategic outlook in identifying and engaging with promising mining companies worldwide, it said in a recent statement.
ANS Exploration will play a key role in MITHRA Metals’ portfolio, as it owns a 95 per cent stake in Altau Resources, which in turn owns a 100 per cent interest in the Daro and Zager licences, strategically located in the Arabian-Nubian Shield in Ethiopia.
https://www.dropbox.com/scl/fi/3ig7tnq85acfwmye49a8s/2024-02-ANS-Corporate-Presentation.pdf?rlkey=1zzs70buo55rmydbvq5m1p656&e=1&dl=0
https://mithrametals.com/about-us/
Mildly negative when first posting about KEFI in the past, but took a small punt on the 2nd April which is up 25%.
It appears that it may well take off, so bought a bigger holding today.
Welcome to the next HE1 (this time with real assets in the ground)..
Well done busymumof3 join the party and good luck to you sounds like you got in just the right time. If anything this is going to be an interesting couple of weeks
Personally i view mining stocks who are exploring, awaiting licences and uneconomical at their current commodity price as high risk.
With TK financing all but approved, a supportive government, a strong commodity price and not a complex mine construction, KEFI for me is low / medium risk with enormous reward (and this is ignoring saudi)
Some sizeable buys coming in this afternoon reflecting the increased confidence of investors that, finally, Harry is going to get the TK deal across the line. Not long to find out....
We've nicely broke the 200EMA (4H) the last time we did this the SP climbed to 0.9 then the placing. Hopefully this time we will continue to FV. GLA
Then again we could have rem if you believe they put a man on the moon
Nobody knows how this will end high risk high reward
With every buy there is also a sell
As Sham 68 sang;
Come on, come on , hurry up Harry, come on!!!
Quite understandable given the years of waiting...
I agree but there does seem to be alot of caution here. Everyone wants to see it to believe it.
If the sign off RNS were to land Monday morning there will still be posters saying HA will never get it done.
Kefi looking really bullish. Looks like the conclusion of TK is sooooo close. What a day this will be and SP will go mad defo!! Cannot wait!
Yep, the RNS couldn't be clearer!
· all syndicate parties have now either confirmed final (conditional) approval or that they target theirs this month
2.5 mill is a buy as its 6881 to sell that amount
The end of May is obviously the deadline agreed by all parties to get financing resolved.
With the credit committee approval granted last week, the final signature could occur at at time
15 working days left :)
Just did a 23k buy at .692. (3327890) shares lets see at the end of the day if the sp is blue
Another really positive newsletter from TW!
6 million buy or sell cus that’s a lot lol