Member Info for sharezy

Probably bought them at £2.50! 😅

So bashing your own shares.

A miserable fool.

Months and months of wanton negativity - get a life, eh?

Just throw random comments in to project your failures….

And I’m not amused - so called you out on it….

What do you expect in a public forum?

😂

You really are a sad sack

Makes it easy to work out 8.2p at 500m MC.

Which is more than easily doable.

Jeez why not jump on anything remotely negative 🙄

Don't mind that view - can understand the (misguided) thinking - on sign off it is likely to be a scramble for shares, so a sudden re-rate, then rise and eventually out of steam, a cooling off period - depending on where it returns to, buying will resume.

But I would bet a lot that there will be no "sell the news" event, because the de-risking is not yet priced in.

I don't see your view as deliberately bashing - but almost certainly wrong.

Good luck in your endeavours.

"Give me a £. I'll give you £1.20 back next month. OR, £10 in 2 years and pay you a £ every year you stay invested."

Now replace with £1m.

Given the timelines, and the expectation that not everyone will wait until first pour to pile in, you would expect some people to want to buy cheaper now, and wait for it to get to production, and others to buy more expensive along the way. Some of which may be funds looking for dividends and future growth, which the drum will start banging for soon enough.

Cheaper sounds better to me, thanks.

Two mm bid at 0.15

14 Jan 2011 - 9.25p - which would have been pre-17:1 consolidation - so - 157.25p.

This is not difficult stuff...

It was said earlier this isn't some kind of magic number after which the shares are bought immediately by II's.

That much should be obvious.

There are internal policies and regulatory restrictions about when and how much can be invested. £100m+ is the point at which it becomes viable for IIs to start accumulating on the open market.

Funds will look at it such as junior and explorer indexes, and allocate a small % to KEFI once it becomes significant enough in size.

All this helps the SP grow during and up to production.

We are about to enter the "Pre-Production Sweet Spot" - which is a well known strategy as the time to invest for maximum returns and minimum risk.

So no, the £100m MC is not massively significant, in one way. But then in another, it is a range at which it is very important, and begins to push up to ever higher levels.

First though, let's see what PIs do when they realise it's about to be signed off and then once they see it signed off, then begin to see construction happening... and all scramble for a piece of the pie....

Commodity super-cycle underway - expect higher gold price at production - there will be a pullback at some point - but then onward to higher highs.

Project being so economically viable, the low overheads and high margins make it more and more compelling as commodities rise.

Oil, of course, (and other raw material prices) will affect the cost price, but usual contingencies in place for any mining project.

Standard for mining - operation is at the invitation of the government of the day - if the government wanted to revoke a license, or change the terms of security - they could...

Assessment of Risk here is (moderately) low for the reasons:

- This will be a project providing 10,000 jobs and likely to be given strong local support.

- Both local and regional governments stand to make handsome sums from their involvement in the project, so are likely to support it

- Local investment participation as a strategy is important because it applies pressure from connected wealthy parties within the country to support the project - we're talking multi-nationals and family offices

- Ethiopia is attempting to start a major new industrial mining programme, which will only take off if they support fledgling projects in the country now - so any destabilising factors could undermine future prosperity. The mine will become the single largest export in Ethiopia - which is otherwise mostly coffee, and has mostly artisanal mining.

- US backs the Ethiopian government, financially and politically, providing stabilising effects in the region.

At present, it looks good - and long may it remain so.

But of course the risk remains.

In the UK, for example, a ban on Fracking is political risk to oil & gas companies involved in the process....

The difference is, the Ethiopians desperately want this.

it was said it couldn't be done...

But then along came Harry....

Magic.

Momentum building - superb.

Psychologists wet dream... filtered...

Life is too short...

I think that oversteps the mark.

And you may regret it.

It's in their control, unlike the finance schedule, so that bodes well for construction.

Take another, longer walk...

Why put out the company report on time? hmm....

The mind boggles....

Haven't you got anything better to be doing....

Sun's out... maybe take a long walk....

Wonder if those warrants are done yet...