Well for a profitable business PB/PE/PEG are to look at to see if itās good value and undervalued.
KEFI you have to look at potentials at this point. Gold and Copper in the ground, basically the only company with license to mine in Ethiopia. A second project in Saudi Arabia too. Low market cap.
Worth checking out the recent slides which has the latest.
I would say 40p would be if you are prepared to hold until end of 2022 and all goes well.
That kefi chat on telegram is trying to sell me more of something I already own. These guys are so bullish its scary, even unhealthy to pump up everyone like that. I muted the chat, this is ridiculous. I share your view @phildawson throughoutā¦
Even on bullish outlook one has to remain sensibleā¦āselling all other holdings to load up on kefi lolā¦ā
Donāt be put off by Rio heās the biggest bull Iāve ever seen on stock. I assume he needs to be if heās putting all eggs in one basket and betting on a single stock paying out.
Ignore the ābullā, the chat is useful so itās best muted and let them hype themselves up.
I have 4p on news being announced, to me thatās realistic from the current 2.3p.
I expect some taking profits on news and could pull it back a penny. Then itās a case of letās see where it can go. We need it to start before talking about profit taking at 40p.
I know right!!! It was always a longer hold so taking it as it is. The rough with the smooth. Would have been nice to scalp some profits but alas it never reached the height I wanted (yet!)
I am a bit confused about the whole thing. Whats happening? No financing secured?! Thats bad for junior miner right? I have read that kefi will do an offering in 2021. That will make SP fall more right? Please can someone explain?
I was doing quite well for a week or so. I think youāre right. Seems to be no patience in stocks I hold until I see what I want and then sell rather than all this flipping. Patience of a damn saint (when it comes to my two mine stocks) Iāve discovered!
Its worth reading the full RNS but its main news regarding funding for the Ethiopian project is
The Tulu Kapi Gold Project (the āProjectā or āTulu Kapiā) remains on track overall, in line with previous guidance with the financial closing program having commenced and remaining in progress. Notably, the project finance consortium remains focused on:
Ā· approval and execution of detailed finance documentation in the current quarter, Q2 2021;
Ā· receipt of Project equity/subordinated debt subscriptions to settle following the KEFI Annual General Meeting in June 2021 and senior debt drawdown to then follow in H2 2021; and
Ā· production commissioning of the open pit mine to start in Q4 2022.
So it basically means itās in progress, expected Q2. So either May or June. Iām guessing June.
It was generally a decent RNS but it didnāt have those funding finally secured words everyone was waiting for so yep that share price drop was those traders that were only in to flip 2p into 4p and have gone elsewhere in the meantime.
For everyone in its a case of wait 50-70 days.
Those buy the rumour traders will be back end of May I suspect.
Well then I have more time to sink funds I acquire in the meantime, I have been steadily increasing my position every month since dec/jan. Thats actually good news for me I guess
Would be good to see after recent news failing to keep the share price above just above 2p. Canāt believe how patient I am with KEFI and GGP. Itās becoming less frequent the times I check them. Patience Iāve learnt is truly a virtue. Itās been a great time to top up KEFI. GGP Iām maxed out now so itās just a leave. Both fundamentally are solid in my mind.
I own both ggp and kefi. Kefi finally looking to get funding this year which will be followed by massive rerate. Ggp is the safer bet imo. Like the ggp team more. Upside on kefi is greater though. I am increasing my position in both companies every month after paycheck. Both very undervalued imo. Dyor.