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Nice one investor, good to always plan for the worst case scenario. Il be in what ever happens, TK is a monster that will massively benifit Ethiopian, this month, October, with gold at the highest high and post corona, and the central bank already signed the 260mil, this a no brainer that I will arrive, I believe from the RNSS and the multiple interviews stating it will, if I doesn't il top up. 20mil mcap is penuts for TK and the actually certainly before close of q2 we got Saudi maiden resource coming, which will take KEFIs NVP to 300mil+ making us more undervalued the we currently are.
Re rate coming, I'm surprised we're not 2s now, October KEFI will have 140mil cash lol, good luck all, have a great day now
Positive - agree with all of that except if there are delays with ENS it may well take beyond this month but hopefully not later than Q4 to resolve. Agree the gov't will be motivated to make this happen, just can't put a 30 day window of certainty on a developing country gto sort things out.
Fair enough, thankyou.
Can't get a dummy quote to buy rn but maybe it's just Hargreaves
"you mean you bought on Friday and added yesterday?"
If that's addressed to me UKinvestor, I tend to 'stagger buy' stocks, especially those that are smaller positions that warrant more research on my part - COPL is a case in point.
So far, KEFI looks compelling enough for me to have increased my initial holding and will asses the situation going forward.
Atb
You posted that yesterday and on Friday - you mean you bought on Friday and added yesterday?
Morning all.
Your right investor, nothing is certain and there could delay at which id top up. But I believe they will for a few reasons
1st, its written in the Rns that if ANS don't by the close of q2 that EG will pay the 38 mil including the already 20mil from them.
2nd, gold at a high with sentiment to keep rising over the next 24-36 months. KP busted with previous owners before due to the crashing gold price, so I'm confident they won't want to miss that window.
3, in the interview, harry did say he feels happy that ANS will pay, if they don't the EG have said they would, and he said their is others they could replace or part replace with.
4th, TK would massively benifit the gbp of ethiopia
5th, it would be a good investment for any II buying in to TK.
Were find out by the end of the month, the 260mil, the biggest part is already signed for and just waiting this months funds to unlock the whole show
Bought some yesterday to add to my existent MATD holding.
Certainly sounds compelling and will look to add somewhat more today.
Atb all
Agree. I have a large holding here and want success as much as the next person, but the way i understood it was ANS have until the end of the month to come up with the funds. If they don't they will get them from elsewhere, either the government or another investor. I don't recall Harry saying that the funds would be in place this month if ANS fail to deliver but more than happy to be corrected.
Positive - I know it's your name, and this is my biggest gold holding so I want it to go up, but not really fair to make it sound as if funds are nailed on. They could easily be delayed as they have been in the past (though I do expect it to be resolved this year), the recent CEO interview does not scream to me "funds definitely in June" even if RNS says it's "anticipated" (this is a small cap gold stock in Africa after all!) and if they were themselves mega convinced re June they'd have raised much less than 9m fund and gone again after the share price had rocketed on the news.
As I said, I think funds will come this year and there's alot of upside, but I think people risk disappointment if investing on a one month catalyst. Not bitterness at management, I've never owned it before buying at 0.8 recently. Agree Saudi data should be this month and could be a v good catalyst.
The have until the close of q2
Another day closer to news landing the could transform KEFI, the funds landing this month is the key that unlocks that plan, and what will truely wake up the sleep giant. We're undervalued as it is and expect things to start boiling here over the next few weeks, and then the herd will arrive.
And Saudi news due by the end of the month too, kefi could reasonably have a 350mil mcap on Jan 2023, and when funds land this month unlocking the 260 and the whole asset we're should be much closer to are NPV