Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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DVH that’s different to it doubling! But good little trade
Well bought Lloyds for 25.97p and just sold at 27.83. As I said profit is profit wherever you find it. Kefi seems to be moving up....
I wouldn't touch banks for at least 18months , too much risk. Happy with my holding at Kefi and I'm sure this will surge soon.
Have also maxed out (based on what I put into one gold share) on Serabi, on about 5x cashflow (already producing) with a project worth the market cap again in NPV on the horizon
*am finding it sorry not ‘as’....ie ECR £10m market cap for nothing, Condor £60m for same resources in gold as Kefi and without Saudi ... nature will take its course here eventually I believe though seems decent volume to buy still and not sure why those 1p warrants not exercised yet, I guess they want to sell at a higher price ;)
I am looking at other investments but other than those I already hold as finding it increasingly difficult to compete with Kefi’s value at this price.
My Trading212 account struggling a bit today though, it has been recording the sell price for Kefi as 1.74 and not to be deterred has now upped its guesstimate to 1.775...
Banks well capitalized you are having a laugh. High street is getting pulverized and all the commercial loans assosciated with this are non performing. Massive bad debts there. Lot of companies have realized they don't need big s****y offices in canary wharf and will not be renewing their leases. More bad debts there. Residential property is suffering from the massive redundencies more bad debts. As for any hotels or convention centres that are in deep doo doo and many will be going under with even more bad debts. Yet banks are somehow a buy. I don't think so but I do know what is a buy and it is a sector whose product is up 25% this year alone and will continue to rise as long as the CB's continue with their reckless money printing. Gold is the sector for the next few years. Second quarter results are coming in for the miners and they are off the charts. Look at KL which is overflowing with cash and has taken out Detour Gold at a perfect time in the gold cycle. These gold companies will be the new FANGS over the next few years and will be clearing $1000/oz very shortly and some already are.
DVH re banks - they do well in positive rate environments though and this is yet again the lowest interest rate environment ever? Chuck in a bit of tech disruption too....
I'm in a number of gold stocks but don't rule out bank stocks from current levels as this is completely different from the 2008 financials crisis (well capitalised, very conservative provisions for bad debts, gov't 100% support for covid loans etc). Profit is profit from whatever source!
Smelly bum now pumping bank shares. Good luck with that one as most of them will be caught up in a banking crisis which now looks inevitable. Gold is the sector to be in for these times and Kef is a super way to play this bull market in gold. Instead of a few days smelly make it a few weeks so we can have some proper discussion on this board without your constant negative meanderings.
ditto smelly, couldn't believe I could buy Lloyds shares sub 26p this morning as easy bag from that level. Many bags due here in the medium term imo....
It’s a tough one smelly, it’s more complicated than just Egypt and Ethiopia, you also need to look at the escalation in Libya with Egypt sanctioning military action there. Turkey (on the side of Libya) have already sided with Ethiopia diplomatically over the GERD. And as DSRT the USA are a huge provider of aid and there are deep links to South Korea - Ethiopia sent Troops from the emperors own guard and South Korea have been forever grateful.
Logistically as well, Egypt have no way of undertaking a land invasion without the support of Sudan or Eritrea (which is extremely unlikely to say the lease). Which leaves them with missile attacks on the dam from afar or by plane. Also, Embarrassingly for the Egyptians they have lost twice before trying to colonise Ethiopia (no matter how long ago) and that was with the benefit of landing troops in what is modern day Eritrea. So my opinion is they won’t look to rush to commit to a gambit.
Also, regarding state of emergency - there already is one in place citing Covid-19 response, which will remain in place until after Covid-19 is no longer considered a threat. This is also why the elections have been postponed until 9-12 months after Covid-19 is no longer a concern.
I find the western media quite biased in their reporting and have to say I agree with DSRT, relatively speaking Ethiopia is one of the more forward thinking and stable countries to look to do business in. I also looked into the banks W ho are providing the loans, The president of TDB is an Ethiopian so I’m sure understands what his bank is getting into:
Admassu Tadesse
https://www.tdbgroup.org/our-leadership/
Ha hope not going forward I’ve just put a good chunk of my sipp into Lloyd’s and Barclays ??????
I hope it won’t come to a shooting war but the Ethiopian foreign minister gloating on Twitter hasn’t helped matters and the US under Trump could do things that were unthinkable a couple of years ago so who knows !!! I don’t see the downside for financiers to delay until this all plays out in any case even if they were interested it’s not like Kefi can go back to ANS. better for them to wait until next year after elections. I’m off for a few days at least now - only started because I was attacked earlier by the ramper mob
Banks are often foolhardy, I’ve seen them give money to worse than this ;) Although decent chance/option Kefi sell a royalty or off take (beauty of this is even if mine not built now it will one day) and do high yield debt to non bank investors
I make no comments on the whether they are hypocrites or not but they are deadly serious about their water supply and they are led by a military dictatorship I seriously hope nothing comes of it or Covid or unrest - those people have suffered enough and deserve a new future but to ignore the dangers is foolhardy and banks are rarely foolhardy.
Thats what ive been saying to smellyben ..how on earth can you be objective towards ethiopias dam when they are building one in tanzanias zelous game reserve ..HYPOCRITES ..anyway i dont think the US will let it get too far ..they are invested in ethiopia