Member Info for stringer01

The second bank isn't the reason for delay.

Crazytowner, I don't think they'll get $75m for the saudi asset and whats more it'll take until next year, 2026 to sell their 15%. ARTAR clearly don't want it!

It'll drop like a stone if preject status isn't granted because the funding risk comes back. It's the hurdle most juniors don't clear.

It's a throw of the dice. It's not by any means a certainty the EU crma project status is nailed on this could go to 8p or 1p.

Maybe it will maybe it won't, it's a coin toss. The reason bankers always project much lower prices is the expectation the price will go down. Gold, like everything else goes down as well as up. Think about this though with gold prices @ 3400oz why is Kefi sp 0.50p?

Crazytowner I agree with much of your views except for your rosey appraisal of Adams and team of snails. All mining companies initially spike when they secure the full finance required this one will too. However i Am stressing that the spike will be muted to 2p maybe 2.5p if we're lucky. Yes the gold price and is great now but remember in 2 years from now will it still be at $3400? Adams has killed sentiment here, that is evidenced by the complete lack of SP rising it's been going sideways for the past couple years. If we are as close to full development finance closure the sp would typically be rising steadily in anticipation, that's not happening here.

Anyone thinking 15p is just delusional, I'd agree this would already be at 2-3p if management was good .

I think even if/after finance is closed the sp might move to 2p and start drifting back. I say this because absolutely nobody is looking at this outfit anymore after so many and so false starts and spurious language for the last x years. 2p will do me though, I'm certainly not holding for another 2 years. Much better investments on my watchlist.

Could this be the classic buy on rumour sell on news? We shall see.

Stebo that's a good analysis but surely it won't just require early investors to exit because new investors will be piling in on top hence driving the price even further. Maybe we'll be really lucky and see a BANK style spike.

Dare I ask what your sp prediction?

Some impressive numbers there stebo and can't really fault your calculations. So why is it @ half a penny?

I sould add TK has an indicated 1m oz on surface and 300,000oz underground.

So Stebo what is your forecast if/when finance closes?

Crazytowner, howz that sale going? Any offers yet? NOPE.

Stebo you almost let slip another discounted raise is on the cards. I wouldn't be surprised this lot can't their accounts it seems. Just looking at the frequency and discounts of past placings.

He's focused on Marula I think. The guy is spinning too many plates.

Stebo, the EG are moving at the speed of an elderly snail on opium.

My guess is it will be delayed.

The worlds investment community is watching the Ethiopian Gov drag this out. This will hurt them in future as nobody will want to invest in a country that takes 18 months to ratify an investment bank from the same continent.