RE: Sold my KEFI holding25 Feb 2026 16:28
Over-reaction in my view, but it's your money! The mood music from HAA, Chancery and indeed the PM himself is hardly doom and gloom at this moment in time, so I see no need to sell myself.
I don't see significant risk to the mine build. The banks will have gone into this with their eyes open, fully cognizant all of the various risks - it's not like this situation (whatever it is - it's not clear yet) hasn't been fore-shadowed, so it's not a brand-new development in that sense. KEFI is now embedded in Ethiopia to an extent which insulates it from a good deal of noise. Everyone from the PM on down wants the mine, jobs, taxes, etc, to get underway ASAP.
I respect your decision and your explanation, but I'll be sticking with it for the forseeable. Financing the thing was the big issue, and that's been done (near as dammit - c'mon - no-one's seriously pulling out at this point). Mine builders and contracters are used to working in a lot more dodgy places than TK - you have to go where the work is. And once we're producing, we'll be making so much money, even a war won't be able to keep the SP down!