It’s either buying the future dividends, or the sale price, so the anticipation of that.
Needs concrete evidence, and even then might not pop until nearer production.
Short term voting machine, long term weighing machine..
Sentiment will change on nothing…
@rob - I'm prepared to wait for it - but can understand the optics of so many prior assurances and dates missed. Once they announce all signed and binding then we'll see stronger demand.
Relaxed, waiting patiently for the inevitable rerate.
I also think the POG in 2 years will be quite a bit higher still.
Huge opportunity here.
- Try to have something (positive or negative but) constructive to say
- Don't be rude - ain't nobody got time for that!
- Be truthful. Note: Your opinion is not fact.
- Ask yourself before posting "would this be something better discussed with a therapist". If so, maybe don't post.
YW.
@rob - it will close naturally over time.
Its whether people want to buy lower now and sit on it, or buy higher later.
Dividends around today’s share price.
Every year - likely long after TK phase 1 been exhausted through ploughing the spoils into new exploration and acquisition…
There’s only one way this is going - up.
A little appreciation of the process goes a long way…
Some here clearly can’t “appreciate”.
Not surprised it has sparked some buying.
Or that it’s brought out the trolls 🧌 that have predicted 300 of the last 3 placings 🤣
We’re getting money from finance…
The enterprise value is far in excess of the current share price.
Think I’ll keep my shares for now 👍🏻
Once they had the finance there was always the next step - working out equity splits and contributions and then signing paperwork.
They couldn’t work out that part until the banks were on board.
Which they now are.
Like when you have a mortgage offer approved, but still need to sign the paperwork to buy the house.
You’d be a bit silly to bet against it at this point imo ;)
“Conditional” - don’t get hung up on this - they need things like insurances in place…
It’s a bit like when someone explains that they think a stock will go up. Or down.
Yes those are the options. Deal or No Deal.
All that matters is which one you think it’ll be - based on the evidence - and what actions you take.
The evidence I’ve seen leads me to believe this is happening.
Holding.
Looks like soon will be resolved.
Looking forward to news in May as stated (or even June) that the long awaited TK finance is sorted.
At that point (or when the actual signatures happen) it’s derisked (financially) and then we’ll see a rerate.
We have to pay for Saudi, but there are many ways of doing this that still see us multiples higher than we are from here.
2-3p post finance, 6-7p based on current metals prices, accelerating as the PM and Commodities Bull markets take shape over the coming years, 10-20p achievable based on current expectations.
Plus further opportunities once we’re a mid-tier with excellent reputation - including the 15 licenses in Saudi.
What a great opportunity for wealth creation, for those lucky and brave enough to invest now.
Well, I’m curious but sceptical of the job posts, could be an agency trying to build a speculative roster, or the company testing the water.
But the other things that I’m aware of make me more confident that this is just a matter of waiting.
- The 1st bank getting board credit approval
- Major MN getting board credit approval
- The second bank, TDB, having lobbied hard to add Ethiopia as a country member and having regular meetings with the company looks like it wants to progress.
These things take time.
Fundamentals remain intact.
Selling at these prices, at this time is a curious behaviour.
All points towards launch probably sooner than later.
https://www.ethiojobs.net/search-results-jobs/?action=search&listing_type%5Bequal%5D=Job&keywords%5Ball_words%5D=TKGM
In case link above doesn’t work…
https www ethiojobs net/search-results-jobs/?action=search&listing_type%5Bequal%5D=Job&keywords%5Ball_words%5D=TKGM