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Probably the drop from last week's 1.8 has created volatility and opportunity. The price of gold heading back up helps too.

Shambolic, even.

Of just how quickly things can change.

Only a few days ago we were up to 1.8p and maybe heading for 2, then the precious metals market bubble bursts and with the added tensions in the north we were back into the 1.3's in a flash.

It seems to be recovering back into the 1.4's now so with any luck the price of gold will settle/recover and with funding news on the near horizon should see this head back towards 2p (with any luck) before that golden RNS arrives.

Hold for gold.

Well I got that wrong, and brave enough to admit it.

But seriously, 1.45 to sell? WTF? Gold below $4900?

Always the same here, 2 or 3 steps forward then 1 or 2 steps back.

Old news now.

Hopefully it won't come to much, or too much to affect TK.

"The balance of the US$100M equity-risk capital, being US$30M of subordinated streams and royalties and US$20M of Ethiopian Preference Shares is undergoing final documentation. Signing of the fully integrated final funding package remains on track for February 2026. Additional offerings of this type, which are not dilutive at the plc or asset level, totalling $36 million are being considered to potentially boost cash reserves, which in turn would also fund exploration and social programmes."

February.

Looks to be plenty of off-book trading within the spread, currently 1.545/1.575.

I'm no expert (no, really!!) but doesn't look like enough orders/volume on either side to pull this in any particular direction, at least not by much.

Hang on... just mobved up 1.56/1.58.

Could be in this range for a little while.

Cheers SB. Apart from a couple of typos!

*pullback

*whilst

😉

Perhaps I should have said 'don't panick'!

😉

I literally said "don't panic".

Main market better regulated and should be more stable, but even main market shares can be volatile and plenty of traders there who will flip for a small margin; a profit's a profit as they say.

But hopefully the sp has found it's new base above 1.5 and will hopefully rise again, especially if the gold price increases, unrest in the north settles down and we get the funding news we are all expecting. What a triple whammy that would be!

Just dropped below $5,100 FWIW.

I wasn't expecting all the weak holders to sh*t themselves until Monday at the earliest!

However it seems the puulback on the gold price and some trouble in the north has sent them all into a panic.

I think we can all agree the road to TK hasn't been a smooth one but it has got this far. Everyone involved - especially those 'in country' - will have a much better idea of what's really happening and I suspect the "fully integrated final funding package" will go ahead in February as expected.

The gold price today, whist it has a bearing on the NPV and thus the sp, shouldn't really be a concern as first gold is at leat 18 months if not 2 years away and we have no way of predicting what it could be by then; in fact the whole world could look vastly different by then.

The trouble in Ethiopia, like most conflicts in Africa and the Middle East, has very deep roots and a long history. You could hardly ever call those regions 'stable', but even the all-out civil war was mostly confined to the northern Tigray region between the Ethiopian and Eritrean backed forces on one side and the TPLF on the other. Whilst a worry it didn't really affect the wider country.

Don't panic. Hold for gold.

Can easily get a quote to sell my million but not a chance.

Hold for gold.

Oh... Trump... of course. Why can't he just go away and stop causing global chaos then claim he's making it all better?

... just got in. What the heck happened?!

Was looking good this morning then looks like a drop back to 1.5 after lunch followed by a partial recovery to 1.6. All down to the price of gold? Really? Wow.

It really shouldn't affect the sp here as we are already way higher than the NAV estimates.

See what tomorrow brings then. FOMO Friday?

And 46m traded by 9 o'clock, could be a phenomenal day.

And so did Kefi by the look of things!

Nice surprise this early in the day, long may it continue. It's time the sp started to reflect the true value on offer here and heading in the right direction at last.

Maybe a further rise on Thursday then possibly a bigger/fomo rise on Friday?

My immediate concern is that many might consider that "signing of the fully integrated final funding package remains on track for February 2026" translates as next Monday and if 'news' doesn't arrive at 7.00am on Monday they will all sh*t themselves and dump shares like crazy at 8.00am.

It wouldn't be the first time.

Fingers crossed eh? Hold for gold.