Member Info for Winstonwolf

Cautious optimism is warranted...

I'm expecting billions of shares to be traded upon full finance approval assuming they get it over the line.

All miners got bashed yesterday with golds slump.

In the next month or so, based on Harrys interview.

This will really take off.

Nothing final yet but signs are looking good.

Not to mention some enormous buys going through.

Https://www.tradingview.com/x/cXgulFi6/

Forgot to add the link.

I find the consistently higher lows encouraging.

A share price above 0.8p is all that is needed to indicate a breakout.

Is 10p at $2350/oz gold price.

Gold is $2750/oz at the moment, and marching higher over the next few years.

...trading of shares would have to be halted first.

You have been a member of the lse since July 2024 and have posted more than 500 times since. Give it a rest.

Someone's got deep pockets.

I hope you're right Crazy.

Technically speaking Kefi needs to break above 0.8p to break out of the price consolidation pattern it's been in.

I can see the catalyst of financing being announced easily allowing the above.

However the longer this goes on, a break below 0.5p will signal disaster technically speaking.

DYOR and only my opinion.

https://www.tradingview.com/x/i7doLsb9/

I'd be very surprised if they can't get the deal over the line.

They've rarely left more than a month between RNS's.

I think we find out by Thursday one way or the other.

This is the 50/50 trade with this stock and the risk were all taking. No emotion required.

... is that one way or another the share price gets resolved in the next 6 months.

It'll either breakdown due to lack of progress and another placing, or it'll be derisked and breakout to old highs.

That's the 50/50 calculation I've made.

https://www.tradingview.com/x/6ryWw9yP

...we'll know soon enough the outcome.

Hopefully.

Already seeing some nice 2 million buys.

Now it's broken out above $2700/oz.

The economics of this project should make obtaining funding much easier in this environment.

...from the posters who point to Harry's broken promises in the past.

A civil war is a pretty good reason not to have obtained funding for construction of a mine. Who the hell is going to sign off on funding for a mine to be built in a war zone? Now the war is over it only makes sense the negotiations have resumed. Now KEFI can demonstrate adequate security, the banks which are making the loans are taking less risk. They are also taking much less risk now the gold price is $700/oz higher than it was all those years ago.

If we're wrong then we all knew the risks in investing in ethiopia, if not then we will all reap the rewards.