Member Info for ElectricLion

Fantasy. Get it into your head that this is not HAA's delay. He is responsible for setting expectations, yes. And on that front, perhaps improvements could be made. But there's probably no-one on the planet beyond the top politicians in Ethiopia, and maybe not even then, that could move this any faster at this juncture. It's in the hands of the bankers now, and has been for some time. Grow up.

Agreed tintin. This project has been virtually nailed-on for 6 months at least. It's just a question of exactly what milestones are hit and when. As always, it takes longer than you think, but for those of us with eyes to see and the patience to wait, it's easy money.

I've seen enough. Filtered.

KEFI. A project in Ethiopia about to get funding for construction annnyyy day now. Further projects in Saudi Arabia will be bigger, but take a bit longer. Short-term, I expect a doubling or more when finance is confirmed for the Ethiopian project. Longer-term, the SA projects have a lot of potential. DYOR.

The first time this undervalued-shares guy tipped us, I seem to recall that the new entrants dissapated fairly quickly. Or at least, the SP didn't hold for long. I would think most of them just want the quick pump and dump, and are not interested in the longer-term, even if the longer-term may not be actually that far away. Don't think it makes any difference to us LTHs, or to the sale price though, so keep calm and carry on.

Use the filter sharezy. Only way I stay (somewhat) sane.

OMG mate, give it a rest. Let others make their own choices in peace for once.

A big ego is not great for successful investing, but that doesn't mean he's wrong on this one.

Agreed jona35. Just opened a position at 8.7 and may add more soon. Let's see how it goes.

One further point to bear in mind... while understandably no-one wants to see high levels of dilution at this price, it is none-the-less better for a company to be able to raise funds by any means if it has to, than not being able to, which could lead to it being unable to meet it's financial obligations potentially resulting in administration or some other highly undesirable outcome.

Regarding CNR... I personally have no clue if it is legal or not. It's not my field. However Jim Mellon (billionaire, chairman and largest shareholder) and Mark Child (CEO) have many years experience in banking in Hong Kong. I'd be very suprised if it turned out that it was not legal, and certainly no-one has seriously questioned it to my knowledge, bearing in mind these events took place more than a year ago. However it would not suprise me in the slightest if, given their financial background, that it was an unusual or complicated financial arrangement that many others would not be aware of or have experience with.

Https://www.amazon.co.uk/Most-Important-Thing-Thoughtful-Publishing/dp/0231153686

Been ages since I read this, so don't recall too much of the specifics. I've a feeling it was decent though.

Add "The Intelligent Investor", "Fooled By Randomness" and "The Zulu Principle" to build the core of a solid reading list.

Immerso arrived with the pump and is now deramping. Just an observation. Read into it what you will.

Easy to say it'll never happen when it's never happened before. But it seems to be consolidating nicely above 2k at the moment, and with the Fed turning dovish, never say never.

Complete overreaction by many posters, and to an extent, the SP over the last couple of days IMHO. Sure, we're all disappointed we didn't get a nice Christmas prezzie, but some of the posts have been comically over-the-top. The absolute invasion of doommongers the moment a breath of bad news appears is quite ridiculous.

Looks like a couple more weeks for the banks to finish (yet) more paperwork, that's all. HAA is disappointed the Christmas target wasn't hit as well - that's why he's downcast in the interview. He's feeling it too, same as we are. But as he says, when a group of multi-billion dollar entities are loaning you $390m, they're entitled to make sure that every i is dotted and every t is crossed.

None-the-less all indications are it's happening, and soon. If you believe HAA is lieing to your face, then what are you even doing here? Spend your energies elsewhere. But if you take even a fraction of it at face value, then it remains a matter of holding your nerve, topping up if you can, and remaining patient. Surely we all should be well-practiced at that now!

As far as I can see, this is one of those occasions when you will look back in a year or two, and wish you'd bough more at this price. Not financial advice! DYOR, etc.

GLA. Happy holidays, and fingers-crossed for a profitable new year!

The mill was also partly (50%?) paid for with shares at 50p. Not a bad deal in hindsight.

"Ethiopia (and especially the Ethiopian Orthodox Tewahedo Church) celebrates Christmas on January 7th, not December 25th. The Ethiopian Calendar has different months - and Christmas in on the 29th of Tahsas. Many other orthodox churches around the world also celebrate Christmas on the 7th January. The calendar the Ethiopian Orthodox Tewahedo Church uses originally came from calendar used by the Coptic Orthodox Church (which is based in Egypt) but now has it's own special days."

https://www.whychristmas.com/cultures/ethiopia

...and that's being kind. What a lot of dross. As HAA has said, some folks would be genuinely better off not investing in this kind of stock in the first place. For the rest of us, we know the history, know the risk and know that all there is to do now is to wait for news.

"So value loss to shareholders per share there ??"

Don't fully understand the question, though I think the answer is probably none, beyond the additional dilution, just as in any equity-based fund raise. Like I say, it's just accounting tricks to get around a (rather arbitrary) rule.

Do you have a link immerso?