Member Info for Winstonwolf

The naysayers will have the last laugh if October passes with no update. Calling it now is premature.

The hopeful, will gain a 10x bagger after timing their entry perfectly if the funding comes through and this share is derisked substantially.

Time will tell.

People don't understand the risk to reward with this share. Kefi is currently valued at £35m market cap.

PAF is valued at £645m market cap and produced 180k oz of gold last year as a company. Compared to Tulu Kapi in isolation which will be producing 150k oz and this ignores the projects in Saudi. You can compare the market caps for yourselves.

To a date for sign off at the first week of September.

May slip slightly but not long to wait.

Kefi is breaking out.

https://www.tradingview.com/x/jOnzX5U5/

IMO a company doesnt make statements like this without reassurances.

Financing is the final confirmation of a certain multibag.

They're waiting for the financing to be confirmed.

But IMO a company doesn't make statements like this without reassurances.

I've been buying up until this point, but it will be nice to see how high this one can go now.

Good luck all.

LSE has a simple way of indicating buys and sells based on the price it's settled at compared to the bid or the ask. It may have been a buy for all we know.

More :)

Then the market cap should be circa £170m at least by the time this mine is built. Frank Giustra's rule of thumb is $100m per 100k oz production per annum. This suggests to me that a share price of 3.2p isn't off the cards after financing is completed and construction can begin.

I was invested her back in 2014.

It was the same thing back then.

A lot of promise, a lot of share dilution, a lot of chat boards with self professed experts saying it'll moon when we get a deal.

They produced nothing and I lost thousands. Stay away from this share. They're snake oil merchants.

Https://www.tradingview.com/x/zwm0lIUE/

Technical breakout confirmed if we have two weekly closes above 85p.

Well done those with patience.

I agree we need a breakout to confirm bullishness, however my figure is around 83.

We get two weekly closes around 83 and i believe the downtrend that we have been in for 3 years, will be over.

https://www.tradingview.com/x/Ls75ZGof/

Here's hoping one of us is right.

I was an investor here back in 2015/2016.

There was huge optimism on VAL 201, with clinical trials news forthcoming.

The trial data came out and the stock pumped like crazy with 5x in mcap valuation in a few weeks.

After the board saw this. what followed was placing after placing after placing, and investors got slaughtered.

Developing drugs takes a long time and without revenue this company will simply rinse and repeat the above until either they get bought out, or the company runs out of road.

Just food for thought...

...that since they have not announced the mine closure for Inmaculada and Pallancata, that the permit should be forthcoming.

As a rule of thumb, Frank Giustra says that to be a $1B mining company you need to mine 1 million ounces of gold per year at current prices and a AISC of around $1000/oz.

If they can achieve 340 thousand ounces per year over the three projects, then the value of the company should be around $340 million by 2025-2027 by the time those mines become operational.

This assumes the gold price will remain at $2000/oz and not higher as is projected.

Results were bad, however this was during a year where Peru had civil unrest, a communist president, gold and silver prices around 30% lower than today, and uncertainty around the Immaculada permit.

Over the next three-six months, gold and silver should post some solid gains, Immaculada will be confirmed and the risk of this company will come down due to the diversification into Mara Rosa and first pour in 2024.

I think this share is undervalued as heck at these levels and the profitability of this company will improve, provided they get the permit.

...until they announce the permit.

This government is completely different from the one that caused the miners of Peru so many problems over the last 2 years.

I'd be very surprised if they let the uncertainty go on much longer.

Was that before or after the coup d'état?

Totally different scenario now than with the previous government.