RE: RNS today ...a must careful read11 Nov 2019 20:21
Very well said! The clues and giveaway are in the RNs.
The point is you wouldn't take on an investor relations director to deal with the ii clients, if you either didn't have clients or aren't about to sign them up! For me this is a fact- why pay a salary if you don't have too. The RNs clearly states that they have gottent to this point sooner than expected due to the interest in the US and Europe generated by the first NAV! This is what I read into it and if correct we should be getting some contract news very soon!
Funny you should say that! At the moment you only need to look at the fundamentals and the international legal framework the company has built (if if ignoring the team) and you will see that the business itself is worth much more than the mcap, without any deals.
Now, if you add the team and the fact that the business produced it's first NAV in September has turned on big interest for large insurers in Europe and the US and this is why ALGW had to quickly bring in A King!
The writing is on the wall and when the news of £50m or £100m contract soon lands. I promise you that there will be a lot of people scrambling to buy shares (when they won't be able too). To all those reading this, don't take my word for it DYOR and you will see!
CJ- this will be life changing for many in #ALGW, when it reaches it's potential or at the very least will be a very big boost to a family's financial future. At this point I am interested in seeing who wins the first race, will it be GS350 or the DS5? Hahahhaha I know one thing, we are close very close to news otherwise no need to hire "BlackJack" (A+K)!
People sell for many reasons, but unless it's for a solid opportunity elsewhere, I'm afraid that those who sold this morning were mugged and we will end the day blue- as people go back and read the RNs and digest.
You don't bring on another mouth to feed, who is meant to deal with B2B customers, if you don't have any or aren't about to get any!
I understand where you are coming from CJ. However, those who sold or who have not yet bought in, have it completed reading the rns, because there is a very big giveaway in it: " The company is pleased to announce that the BlackOak Alpha Growth Fund, which produced its first NAV in September, has been well received in the US and European markets. This has accelerated the requirement of bringing on a full-time investor relations person that will be dedicated to raising funds and liaising with existing fund investors
Today's news gives me confidence that several major contracts are soon going to be announced. RNS states that things are getting busy and it seems that this is more business development in addition to Investor Relations! I think big news soon!
It will go up! As soon as drawdown is done- it will then be all sealed. However a Twitter poster foundANS chairman statement "Director of ANS Mining, Ato Demissie A. Demissie, commented, "ANS Mining is pleased to be working alongside KEFI and the Government and is ready to proceed with its US$11.4 million (Ethiopian Birr equivalent) subscription to TKGM for the first stages of the Project development in accordance with the agreed terms upon satisfactory completion of the independent reviews and within this tightly disciplined framework."
Not a matter of mcap "could be", but rather- upon drawdown of first tranche and breaking ground, you will see a sharp increase in mcap! Then imagine what it will be as they sleuce gold and copper while digging!
You are Comparing a company with 846m shares and a company with aprox 2.4Billion shares So, with the funding and everything approved Al this company needs is the drawdown. As the mine is open pit mine and at full production will be $90million/year profit. Nowbefore they get to Target depth, they will probably run into pay streaks and will be able to sleuce gold on the way down. There is also the copper that isn't really spoken about. So, at this point KEFI has significantly been de-risked and watching the 121 video, puts things in a very good light imo
Carrefour- Seriously mate! Company that is fully funded and at current gold prices $90milliin/year to KEFI That is just this project and Saudi Arabia has "Mind Blowing Resources"! You might get lucky but I know a few people who are buying in first thing in the morning!