Member Info for Winstonwolf

Yep

I mean wtf is this candle stick?

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

We're getting the drop now because Kefi essentially announced the deal two weeks ago. The MM's and traders know exactly what they're doing.

I hate AIM.

Rio2 went up 65% when their environmental approval came through derisking the mine.

Afterwards the share price dropped 30%.

Then once progress was made over the next two years the share price rallied 613% to todays price.

I doubt that ...Gotta clear the short term traders first.

It won't.

Buy the rumour, sell the news. I anticipated a bit of a muted response after it was pretty much confirmed last week. However the real gains will be made in the next two years. Well done all. Massively derisked now.

Boom

No he didn't. Stop stiring. He posted this morning.

The share price is still above the 1.4p level so i'm inclined to believe this nothing but a delay in the process.

https://www.tradingview.com/x/GYkb453z/

Gold's trend is higher.

The market is however quite stretched at this moment in time. I expect a pull back to $4000/oz or even lower.

In either case Kefi needs finance to mine the gold they have. It all hinges on this.

Could land anytime today.

Wishbone looking like a major discovery.

Nice to be needed.

Minor resistance at 2p and 2.5p. Major resistance at 3p.

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

Wouldnt be suprised for a consolidation at some point after we hit 3p. This has moved fast and it may consolidate between 2p and 3p for a time before the next leg higher. All imho. If we break above 3p all bets are off.

And the current marketcap of Kefi prices each ounce of gold at £98/oz or $131/oz.

Amazing even without a finance deal.

In this gold environment, even Harry should get it over the line.

Look to Rio2's share price action for the following 2 years after they received environmental and financial support. It took 2 years but it was very reliable and steady value creation.

I wouldn't criticise people for derisking...

Easier to leave shares in play if you know they're free.

Compared to some of the other development plays out there, Kefis initial capex is very small compared to it's project NPV. Once derisked I don't think investors can comprehend the re-rate in this precious metals environment. We're completely ignoring Saudi Arabia here.

...with gold priced where it is.

https://x.com/i/grok/share/0FhqexEAuWuQldiOsLtkd5g0i