Member Info for Xhita

Debt finance was the biggest hurdle. Draw down in the next few months. Broadly everything is on course and it will remain so. It's a vanilla tech mill and pit. It's a low cost environment and it's a place where things get done despite the problems.

I don't worry about buying at the bottom. I can wait.

Simms yes they will rocket. They are going to have to rebalance reality with the valuation. Right now there are factors at play with the price of gold and a physical overhang that is eroding the share price and walking it down. Don't fight it, let it play out.

We'll see gold challenge 4000 and real investors are sparse. Mostly traders and people overstretching in the short term.

It's a marathon and prepare for such. It's probably a 20 bagger over 4 years but currently it's waiting at the start line.

Smellyben (great name) Obviously the situation is nothing new. The delivery of equipment and people is currently guaranteed by the government forces that dominate the majority of the country.

The airstrip at the mine isn't operational yet. They are using an airstrip a one hour drive from the mine currently.

Ethiopia is a vast country and the logistics challenges are in the budget. As we know the contractors are on fixed price contracts and it's their problem to get their equipment to site. The mill will obviously be the biggest challenge and will take several weeks overland. Lycopodium have done this type of thing at least 50 times and in much worse environments.

There seems to be a real negative spin attempt currently. It's irrelevant to the outcome.

The question is will any of this noise stop KEFI contractors building the mine?. No of course not.

Look at AA, it didn't stop the skyline, it didn't stop GERD, it won't stop the airport.

Honestly there will be trouble ahead. It is Africa.

However Kefi are building a mine now. It's fully funded and provisioned. It's going to happen. Even if there's a war in Tigray, Eritrea or both it's going to happen.

In 18 months we'll see the colour of TK gold in 22 to 24 months we'll see tag production rates at the factory.

KEFI will be a cash making machine and the share price will be multiples of today.

It's Africa and the biggest hurdles were getting finance. The PM has changed everything to make that possible.

I wish I knew what this "situation" was in Ethiopia. Nothing has changed that I can see just the same old stuff. It's not a threat to TK in any way. Ethiopia is far more stable than most of Africa because the government is much stronger than those factions that are perturbed.

In February prior to the Iran war there were some clashes in Oromia but I can't see anything since.

Obviously a site with millions in gold will have a substantial security set up and government troops ensure security outside the site.

I see the possibility of disruption as small. Certainly less than somewhere like Zimbabwe or Kenya.

Deedee harry isn't going anywhere in the next 4 years, voluntarily of course. He has almost no role in the mine build now except checking up on everything and liaising with the leaders of each service provider. Ultimately the contractors are running the show and it's a fixed price contract so they do things their way. It's always the same, just get it done under budget.

Harry presents really poorly, the video interviews really are pointless. He is low energy and conveys no confidence that he'll even get through the sentence without needing a nap. Charismatic he is not, convincing he is not. Really he needs to find someone else to do the videos.

I am 50/50:on the AGM. I should be in Cyprus at the end of the month so it would have been handy there. I am trying to arrange to be there.

It's probably more sad to be commenting on it.

Enough work for me today, off for 9 holes at Alhaurín Golf.

Scorchio today on the Costa del sol.

Hasta luego amigos

It doesn't need to be rational to double or triple. That would still be well disconnected.

It's difficult to moan because the AIM allowed me to buy shares for peanuts.

At the moment 17 or 18 months to see the colour of batch sampling and trials is just too long.

I suspect the production will be delivered ahead of schedule given the simple nature of the mill.

I think by December it'll be obvious how this is going

DrBob December it'll be 2p. That's my view.

I don't think the world will stop turning. I think the LSE is broken but not completely.

I got 1.128 yesterday. I have 1.10 1.08 and 1.06 set on 28 day trades. I hope I get those. My average is around 1.20 so within 10% of the bottom would be nice.

I don't think investors here are too worried about the next 6 months. If gold and the share price dips I have no problem with that. I have set my buy levels and hope they fill. If they don't I have enough.

In due course serious money will come to this share. It's just a matter of working through the curve.

RMc the market isn't saying anything. It's simply churning through an overhang which is clear to see. Every time it rises we see sells. It's how it is now.

No matter how big the reward some people simply can't wait

Fortunately I have 2 or 3 years where I don't need a few hundred k. Good timing for me, I'll get multiples in return.

There was a rush of news in February about instabilities but since the trump feeling in his bones nonsense there's been very little. The reality of rising prices and scarcity of some items focuses the mind.

Regional players will always be unhappy but none of that will stop people stepping up for work at a rate 8x the average .

Hardship and opportunity focuses.

Robjm. Where are you reading about Ethiopia. Maybe look at how the African press report it.

Stable is relative

Ethiopia is more stable now than the previous 20 years.

Supportive absolutely. The PM has changed the mining code, introduced the cadastre and changed things to qualify for the pan Africa banking, he has also awarded priority status to TK.

I find it interesting looking at Atalaya. Market cap is what 8 X Kefi. In full production Kefi will make 2x Atalaya daily profit. That 8x has been up to 12x recently.

So when you account for cash and debt it seems highly likely that Kefi can increase cap by 10x without breaking a sweat.

At $1400 oz including servicing debt they will be cash producing in 20 months during ramp up and at full production in 24 months.

I am only looking for 3x reward but 10x in 2-3 years looks very likely

I am sure they were wise words bonkers. Clearly you are ill and filtered so you won't ever occupy my head.

Life is to short for losers like you.

Have a great day

I thought it interesting Harry on vox saying it's not about selling out at 3 or 4 times multiples but making it a 20 or 30 bagger over the longer term.

This is exactly where I see it. I think it's nailed on that we'll see 10p in production and making money in a couple of years. The world has stopped turning if we don't. After that it largely depends on gold price, sentiment and the number of mines they can have in development and production. Once they have TK in production then others will achieve value much earlier in the development curve.

Longer term 20x the current isn't ridiculous even on the LSE if they are profitable to the degree they should be.

I guess it's the reason we are holding tight.

Harry holds 126,810,976 shares which really is enough in my view. I don't understand long term CEOs who keep buying shares with their own money.

He has 232,064,250 options which he'll no doubt be taking and liquidating some to raise the 2p option price.

I wouldn't buy any on the market in his position.

I would deliver a successful project take 10p shares for 2p and fund it by selling 20% down.

Just how much money does anyone need

Hong Kong Xingxu Mining International Investment Co., Ltd. is an overseas mineral exploration and mining company that has recently been at the center of a major joint venture and regulatory dispute involving its Nejo Gold Project in western Ethiopia.The company's primary corporate and project activities feature:The Nejo Gold and Copper Project (Ethiopia)Project Location: Located in the West Wellega Zone within the highly prospective Arabian-Nubian Shield in western Ethiopia.Disputed Joint Venture Agreement: In 2025, Australian-based Askari Metals (ASX: AS2) announced a "100% acquisition" of the project, causing significant regulatory friction with Ethiopian authorities. Xingxu Mining later publicly clarified that the arrangement was not an outright sale, but rather a share-swap joint venture to secure technology and capital.Regulatory Issues: The Oromia Mineral Development Authority (OMDA) criticized the transaction, citing a lack of local engagement and accusing Xingxu Mining and affiliate partners of violating mining laws, which led to contested license revocation threats.Corporate Background parent Company: The company is backed by the Shining Star Group, which has a broad international footprint, including substantial copper mining investments in countries like Angola.

It looks like Xingxu threw a bunch of money in government fees and grabbed huge chunks. However if they aren't advancing them the government will just reallocate

So it's a lithium Nickel and 21 SQM. That sounds like a discovery as it's so small. It expires next year.

I assume they have a plan.