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...
That was a pretty strong webinar. Expect many announcements as milestones are met in May.
The comment about Hawiah eventually being worth more than Tulu Kapi.is still relevant. That very healthy NPV in the presentation is going to keep getting larger.
I see castillo copper got tipped on HSR. Market cap of 26 million, with a target of back over 40 million, for a copper explorer that is at very early stages of finding anything substantial let alone commercial.
The more I look at Kefi and the valuation on just the gold assets let alone at Hawiah and the copper play there the more I just shake my head and say this valuation is crazy. If finance comes through the market surely has to value both assets much higher with the exploration potential on top of proven resources and also the short lead times to production.?
I'm still working out what my sell price should be, I think it should be in excess of a $200 market cap, but that equates to 9p. That's a huge disconnect from the current share price.
I wish that was true but the 2 trades are small fry compared to KEFI's market cap, and I don't think news on this will leak either.
But I do think the upcoming investor webcast will stoke some interest and if you believe the converstaion Harry had with TW the banks will sign off this month. I think that is newsworthy enough for an RNS.
I have some sympathy for those selling. It’s frustrating. I sold out at the end of last year as I just didn’t believe the q1 deadline would be met and would slip slightly as there are too many parties involved in the financing
I ended up buying just over 3 million shares yesterday as I think this will be concluded within 4 weeks. Let’s see if I’m right or wrong. The business case is too compelling, at some stage they will just cut the people dragging their feet on finance out altogether.
It’s encouraging online sales are steady when international travel is nearly non existent, and there is now availability in more boots stores.
It’s a hold until the next news rolls in, but if this drops back
Into the 5’s it could be a top up.
I watched the YouTube video and I can’t help thinking I with his was rrr’s ceo. If he was I think more people would be interested in investing in the company
I had a quick look at the Boots site as well so don't worry about the views too much, its all mhc shareholders! I wanted to check store availability and it's looking good.
It's nice to be invested in a share with a strong tailwind, the question is how high will this go? My biggest trading regrets have been selling shares too early.
About 70k I reckon if you count the warrants.
Very little news in the next few weeks to move this, people are probably selling from boredom and chasing a COVID stock.
TW is predicting 2p plus by 30th June on the Australian IPO.
If power metals rerates at the same time I wonder if Red Rock will exercise their 25 million of warrants and get some cash in the bank?
The market doesn’t like the election outcome.
I see Greenland resources share price on asx halved on the news, although their mine is uranium and rare earth minerals so much more polluting and controversial.
I see this environmental party aren’t opposed to mining per se but I wonder if this will slow aex gold down having to deal with a new government with a new agenda?
https://www.google.com.au/amp/s/www.nytimes.com/2021/04/07/world/europe/left-wing-greenland-election-mine.amp.html
Thanks. Grabbed a few more today in my isa. Although I’m not expecting news anytime soon I think the price of gold will trend higher.
Your article highlights just how much they need to diversify their economy. They must be hurting even more with no tourism.
For just over 100,000 shares. I think on a risk/reward this looks good as well at this price. The next 6 months should be interesting with this report and hopefully some drilling. If they continue to find good grades all will be forgiven and this will be a temporary setback.
I agree. I’m not a fan but in 3 months time this should be valued much higher with the Australian IPO. Then I’m out, it’s not a long term hold with this management.
The report reads fine. Plenty happening in the next 3 months.
My only criticism is I think they should have sold off the Kenya assets. They are trying to do too much in too many territories. They should concentrate on the assets in Australia and stick to safer territories.
I think delaying accounts gives them time to focus on the review and to plan drilling.
Seems sensible, I expect news on drilling commitments to be with the results next month. Might be a boring couple of months but summer should be interesting.
Looking at leviathan their market cap is around $47 million. About 27 million pounds for 100% owned assets. Looks good for red rock. Their share of the listed company should be worth about the current market cap.