Not sure about anyone else, but I'll be capitalising here20 Jun 2022 13:46
Generally, people seem to have a huge problem with the unknown, I on the other hand look at things for as they are; both factual and objective issues:
1. Huge gold resource in TK with in ground value of over 1 billion dollars, equating to approximately 100mil annually! Compare that with current Mcap and you've got a crazy NPV and subsequently a SP correction.
2. Signing of the finance package is wanted by ALL PARTIES INVOLVED no party is stopping this, so there is internal drive to get this over the line - its the case of when and not if.
3. We have Hawiah, Godeyer and JQ, licences to come discussions to be had, further exploration needed, it also having one of the top gold mines in Saudi Arabia, with super rich family as partners.
4. Covid and failure to sign finance in 2019 and security issues etc had caused SP to crash - it's lowest being around 0.6p. Compare that with current price right now - these prices are absolutely stupid given Covid is no longer a huge threat, and security is better than before, and were more progressed too!!
5. Majority of brokers and analysts are rating this a long term buy with huge upside - check yourselves.
6. BOD may have failed many times in past, some due to security, or failed promises for many reasons, the point is, all that doesn't remove the fact the BOD also have some skin in the game here. That's pretty important when understanding risk.
7. Security may be unstable near TK and other areas as some have reported, but these are mostly tribal and internal as I read from the outlets, and so they're not fights between major factions which would compromise TK, and if indeed I am mistaken, it does not remove the fact this project is wanted by the highest levels of the gov't.
The waves may knock our boat back, but our course is very, very clear indeed and we are rowing everyday to reach that shore; we can even see it in front of our eyes.
8. Placings were done as a final piece of the puzzle, enough to sign TK finance and begin Saudi progression. Work is being done in TK everything from bringing in contractors in, to recruiting employees and completing financial discussions - these are all facts.
9. There are extremely few miners that are able to move from junior explorer to mid tier producers ever. Dilution is indeed a necessary evil in Aim, but when number of shares are compared to companies like Premiere African and many others, it is nothing at all. This movement from explorer to producer is going to be historic and monumental in itself let alone Kefi being Ethiopia's biggest mine in 30 years.
There are many more factual points related to statistics, end of year reports, presentation slides, brokers, ii's acquiring shares and so on which I havent the energy to type or include here, some of which actually makes me want to put my apartment up for sale and stick it all in here - Tr-1 holder and all!
Were at a very, very pivotal stage now and we know there's been many false da
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