RE: T-6 weeks!19 May 2025 09:29
Still think they should sell off Hawiah and keep JQ the one thing kefi has done well is make discoveries in Saudi. Nothing stopping post a Saudi deal doing new deals JVs in the country with new companies so to get a higher of percentage projects. Though if you crunched the numbers on JQ I would not be surprised if the smaller percentage would still give the same level of profit due to the higher gold price, government grants, SIDF loan new areas as originally anyway.
With Ethiopia it will be more about getting more Ethiopians on board through ERNs and probable listing even if kefi end up not needing the money because it will be good politics to do so.
Personally it might suit me to sell out after a Saudi sale then five bagger here and not wait as it really time intensive researching this stock but longer term probably better for kefi to keep a toe in Saudi.