Member Info for sharezy

They will come a time when somebody decides to sell, And the very next day it takes off like a rocket.

That’s another side to the risk.

Were you as concerned, Pat, when it went up several thousands in a few days?

Of telling Manu his dreams have come true, and laughing at all the time Bonky wonk spent on here for a tenner and a slap up meal 🥘

Of losing these silly headings that idiots perpetuate

Of signing off a $1bn capex deal to finally start building a mine

Of a rerate to recognise the solidified valuation of TK and our high% ownership.

Of losing all these losers from this board….

Lol

It’s bullshiit he made it up lol

Tulu Kapi will be a drop in the ocean once this thing picks up steam….

You think they’re not going to go after the “highly prospective” lands in the same region…

The ones that look like Western Australia, before massive scale mining… ⛏️

Oh boy…

Patience favors the brave

Just the start.. :)

“An order of magnitude higher” mis my working estimate.

Remember - we don’t know the POG or impact of various assumptions and intentions which will solidify in time.

But my word, this is going to go off on sign off.

🚀

Here comes chicken licken 🐓 🙄

They have removed people from the camp site.

They have been agreeing all of the compensation.

You are right. They won’t formally move anybody else until this is all done and dusted.

Which comes back to it being expected very soon.

Then you can stop worrying about the sky falling on you.

Warrants less than a day’s volume now…

😂 yes, we’ll all forget about the dividends because you said they’re not worth it….

And as for “big crash today”…. Sure… the sky has fallen 🙄 🥱

Psychology of markets.

"Nothing goes up in a straight line"

There's those that invest, and those that trade.

Gets a bit hot, those looking to get out take the opportunity, and traders exit. Sometimes (not here, or at least not yet) there is deleveraging for profit taking.

Goes down a lot, someone who wants to top up buys the dip, momentum traders jump onto the new trend and ride it up.

Rinse and repeat.

But wrt "pullback" - think we have targets which will be hit and people looking to get out, so they will after a rise.

Normal and healthy... the trend - and fundamentals are key...

I think there's a certain amount of "keeping it under our hats" at this stage, until we're truly off - then the touch paper will be lit....

Https://addisstandard.com/analysis-oromia-demands-full-stake-over-mining-licenses-compliance-hong-kong-xingxu-mining-several-others-face-revocation-of-non-compliant-licenses/

Note that when KEFI talks about being partners with "The Government" - this includes both the national and regional governments, who each share in the spoils - this is very calculated to ensure all parties are happy to continue. 10,000 jobs also are at stake for the local and national economy.

I don’t ignore the risks or the realities here.

I think 17p might be a bit “punchy”, but I have no real expectations, just targets and positioning.

Could all blow up in our faces easily with cost overruns and political risk etc etc.

But then, if it was a sure thing I’d put it in the “safe” portfolio and expect muted returns…

Very much make some calculated assessments of Risk/Return and wait and see how it goes.

The amount of delusional rubbish on here is… mildly amusing… but the occasional gem makes it worth keeping up… thank you for your post 👍🏻

You don’t like it? You don’t say 😂

Did Harry hurt your feelings? 🥹

Jeezuz grow up man.

Dean - good, grounded point well made.

17p sounds…. Alright…?

But $300m ignores two things -

1) Likely expansion To a larger resource (without going into details, c1m to 3m oz expected.

2) POG growing fast and likely to grow this substantially

Life of the mine also possibly extended by future discoveries.

The area around TK are highly prospective, and the licence areas are disputed and claimed by KEFI - we shall see, but when I spoke to HAA CEO he seemed confident of retrieving them. As has been his public position.

We also have a license for Tantalum elsewhere in Ethiopia which is a potential extra source of income.

And that does not factor in Saudi contribution.

All these factors together add up to a whopping great MC in years to come, alongside the potential for share buybacks and acquisitions..

All contingent on no sale before then…

So a reasoned approach - but potentially misses the bigger picture…