RE: RE:RE: Be Careful What You Wish For29 Jun 2022 10:18
People take Harry for an idiot (probably because their original investment in KEFI gave heavy losses) but people fail to remember that this company is still in exploration phase of the business model, meaning no profit and operating costs/wages etc - it looks bad on financials and so the stock reflects that. This is what comes with the territory of a mining business to begin with, especially when exploration and surveying has to be done.
Despite these challenges, Harry has kept the business alive for 16 year and secured excellent stakes in Ethiopia and Saudi Arabia. The fact that this syndicate are approaching KEFI is essentially the knock on the door to international trading and rights to exploit these minerals - it legitimising KEFI
I'm buying up KEFI stock because I speculate that all these agreements will go ahead tomorrow, this appears to be the natural course of things in my mind, and the fact that the deadline was extended most likely indicates that Ethiopia were giving KEFI wiggle room to sign everything off IMHO