The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Inflation could be ramping up by the end of this year in the UK. Commodities are rocketing, UK government printed £400bn to get through Covid, many people saved a fortune working from home and have plenty to spend, Brexit has led to price rises from continent and this is all starting to filter through. Throw in some global sabre rattling and you can see that inflation could well be at the very start of a fast rise later this week that should have a strong impact on Gold. When the crypto markets takes a serious beating and people consider if the emperor has any clothes on then gold is likely to looked at again. Gold seems very much unloved but as a contrarian that is normally a good sign of the future.
Hairydavey - hindsight is a wonderful thing.. :) KEFI is still a good value at 2.1p; Risk/reward is exceptional especially over the next 2-3 months. People would be saying the same thing over the next 6 months, when the SP would be in 4-6p range - "wish I had bought more when the SP was between 1.8-2.4p"
- Gold price
- Copper price
- TK funding
- SA assets
All pointing to a very good future for KEFI; certainly we need HAA to deliver funding news over the next few months which is a key catalyst.
GL
Wish I had invested more at the 1.1p I bought in at although a good price. Im waiting for another £1000 to be available but suspect it may be too late by then. News could drop anyday now
Nice post Simms. You only have to look at the Brandon Hill valuation (5p+ on TK funding , 10p+ with Hawiah) and this was before the massive increase in Copper prices since their valuation back in November 2020!
So much potential....
I tell my wife , your either a believer or your not , believers share the wealth . Forgot what I am now !
Pressure is slowly building but l am equally surprised that the market has not woken up to the billions of copper we have in Hawiah that could well become one of the largest copper resources in the world as the PFS is already started and we barely even scratched the resource. However it makes complete sense to get the PFS completed as soon as we had enough copper to make the development feasible and this the grades we have it is phenomenal. we can then work with Artan to get the licenses and financing and then in the background carry on drilling the resource to increase its value towards $5bn+ in the ground. As to TK we know where we need to be at the end of this month so lets hope we start to get some RNS confirming some real traction. Certainly feels we are standing on firmer ground this time around with confirmed term sheets from a big investor. The cornerstone investor is normally the key to unlocking these developments as smaller investors will follow them into the project as they are putting the biggest slice. For me the bank finance is a done deal as the Ethiopian government are the main shareholder of the bank in question and Kefi so that feels pretty certain and with elections on June 5th Abiy is not going to let this one slip beyond that as it will be a key piece to prove his prowess to rebuild his country after the fall out of the pandemic and Tigray.
My copper shares in my Australian pension are doing very nicely, yet KEFI’s share price has barely moved. Considering the quality of the assets in both countries a whiff of news and on drilling or finance this has to rerate.
At least that’s what I tell my wife, I’m not sure she believes me I have said it too many times...
Copper now trading above $10,000 and gold recovery continues too ($1,818). Augurs well for our projects in both Ethiopia & SA
Nice £36k buy into close of play...
Copper also on fire. Kefi has a massive gold/copper resource which is open and getting better at depth. Once they announce a resource at Hawiah they could team up with a major to fast track that into production also. This is still stupid cheap
Gold above 1800
Kefis about to be the largest export generator for Ethiopia
Its all according how the country is dealing with covid ..uk will be kind of back to normal june 21st but everyone will be different ..plus they say mask rules are here to stay for a while
Cheers. I suppose in that case it might be too early for folks to attend in person. I was looking forward to meeting Harry!
When in june
Kefi have announced its in june but given no date when in due ..
Any idea when this year's AGM is scheduled to take place?
Staying hopeful but if he does another fundraise before we have "cash in the bank" I'm not gonna be responsible for my actions :)!!!!!!!!!!
Come on Smellyben Harry is due... https://www.youtube.com/watch?v=s4GAj2v4BIE Joking apart everyone will pile in when this gets over the line.
Simply the fact that Harry has missed the last 10 deadlines so the market simply doesnt believe him and to be honest I'm not sure he will deliver actual funding as opposed to future promises as before and without a stupid dilution at 1.5p or something - unfortunately I'm pretty much stuck as the spread is so big and any volume sells brings down the Bid price so hopefully hopefully hopefully I'm wrong
5 days into May.....26 to go. In this time we should have had several bits of news plus $300 million :) Whats not to like.
Be mental to sell out now, and for that matter, sit on the sidelines.