Member Info for PortfolioPower

That's how to do it, get in on the lows when quiet ahead of transformation news.

Smart move, profits banked..

Good to See you over at KEFI

Another smart move

@nookie

Well played sir, that's how to do things. Get in low and then ride these all the way up.

KEFI the next one about to rip for a nice 10 X..

Gold now tagging $1875/oz!!

The marketing guys at BOO seriously know their stuff.

The best way to get free mass market exposure is to get in all the national press.

What an amazing job they have done today with this 'limited edition' campaign.

Even kallu the clown was hailing his beloved downtrodden battered and bruised primark for getting a cursory mention in the press on page 37 of the Oldham gazette last week and very low number Web hits for their social housing project with Greggs.

Today BOO Land on all the top pages of all the media outlets, most clicked on articles and in all the newspapers heightening brand awareness for BOO.

Cost of all this MASS publicity = zero.

Won't be surprised to learn that traffic to Boohoo.com will spike massively over the coming week.

Just the fact that folk are now having to search for images of the model online will massively ramp up the algos.

Bravo.

Spotted a few names in here that I recognise from other bb's

Can anyone provide some clarity on the cash position here please?

I ask, as I'm surprised at the present m/cap vs the sum of parts here.

Tend to get sell offs like this has seen either due to

A) bad news
Or
B) a placing is incoming

I can't see any bad news unless I've missed something?

If anything, the gold potential looks good but will need multi millions in cash to drill the metres to prove it up.

Could be the best money they ever spend though if it as they think.

If cash is low and the market knows it, might be why the SP is down here.

Had a similar issue at cobra, they have now raised and the SP has virtually doubled as they now have funding in place for the coming year.

I could be wrong here, and happy to hear all constructive thoughts

Thanks SB,

I was quoting from the mining weekly article from yesterday that stated.

"Moreover, the finance syndicate remains in place and on standby to finalise documents for signing. Subject to final construction pricing and document execution, capital requirements have already been catered for within the syndicate."

I took that to mean they still required the final construction contract pricing to be finalised and we're waiting on tender docs to come in.

If the contractor is already in place and it's now just a matter of nailing down the build schedule and final agreed fixed cost (as stated already budgeted for)

Then thats one less thing to tick off the list and thank you for bringing this to my attention as we appear to be even further progressed than I had realised which which is very reassuring.

They will now presently be busy going through a tender process for the mine construction contractors.

All a third party process which the lenders will take an active role in alongside take a legal charge over the contract and agreed funding will be released in stages to the contractor at completion of pre agreed stages with the banks holding the collateral.

It's happening.

The JV partners will now undertake an external independent assessment of the project site, district and transport routes, over several months of uninterrupted project preparation activities. This is expected to be possible from later this month (feb) given the situation on the ground.

There is also the completion of administrative arrangements with the government regarding the Tulu Kapi project finance plans.

Moreover, the finance syndicate remains in place and on standby to finalise documents for signing. Subject to final construction pricing (need to award and forward fixed price contract for the construction contractor, likely to include collateral warranties etc.) and document execution, capital requirements have already been catered for within the syndicate.

Lastly, in terms of development management, the Ethiopia-based planning and permitting team was recently replaced by the development team in preparation for project launch and building of the required about-1 000-strong workforce over the next 18 months.

So, the above steps set out the road map and we can tick each one off with an accompanying share price re rate up to 12p

GLA

I really like what I see here and the news coming out over the past 48 hours that the (JV) subsidiary Tulu Kapi Gold Mines Share Company (TKGM) has worked intensely with the Ethiopian Ministry of Mines to expedite the Tulu Kapi project and that the Ministry has given it until July 8 for full project financing and launch commitments to be achieved is massive

Further, the civil war has abated since peaking at the end of December 2021 and the Ethiopian state of emergency has been lifted.

Agree DV about the 10 x bags at KEFI

All JORC compliant resource, not going anywhere.

Love to take advantage of these types of situations.

Will take a looks at ARK

Hopefully the 25 year licence renewal comes through here as it is a huge resource, there will be conditions on spending some proper money now getting it developed as the government will want to see it moving, hence why I believe there was no other option but to propose the ASX capital raise as the gov wouldn't have likely agreed an renewal without the spend commitment being a strict condition.

Difficult to know what other moves are at play as there could be other 'influential' Individuals looking to take the licence away and business is done differently all around the world. Not doubting CB's experience in these matters, but let's see how it plays out.

GL.

Will be back trading above 150-160p range anyway in the next few weeks.

Do any offer needs to be 3-400p minimum

Shorters getting into a panic now

Won't be surprised to learn that there are several parties in discussion

If a price is agreed at 300p or 400p

The SP will immediately gap towards that price.

RNS confirming offer tabled and this will open up 160p+ and then rocket during the session.

Just added some more.

Massively undervalued either way and a multibagger deal or no deal.

Yes, at highest SP in the past 12 months

Potential buyer all lined up... according to Betaville report

GAP back up to 150-160p range on here now.

Flying up rapidly

This could seriously gap up +++ on open tomorrow