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Robjm66
Thanks for your reply.
Let us hope that Saudi still remains as an intermediary. Very difficult though when you see what is happening so close by.
Put a fuller response on the Israel situation on advfn but basically played out better than could be expected and with most of the projectiles shot down so Israel now having room for a measured response.
Back to kefi unusual that kefi put out a presentation along with a proactive piece guess the have done so as the gold price means the underlying conditions have changed for kefi..
Tulu Kapi Gold Project - NPV at $2,166/oz is 7.8 pence per KEFI share (still does not reflect the current gold price but better)
In-situ value of KEFI’s gold is US$3.6B at today’s spot.
Saudi Arabia Projects - value indicator at $1,500/oz gold-equiv production 1.2p:
(Well not about to start producing from JQ will need DFS done first but when it does start producing gold price could well be a multiple of 1500.)
Continue arranging development financing at level of operating company
Regional Stock Exchange Initiatives for Growth Pipeline (kind of mixed messages here but maybe that is the idea see which country offers the best deal).
hopefully behind the scenes saudi will be acting as an intermediary and trying to calm things ditto the chinese and the us. gold will go through the roof obviously short term longer term might trigger people to dump bitcoin and go into gold and gold stocks as a safe haven against political risk.
do not buy the world war three rhetoric but does not help that a lot of the political leaders we have are pretty useless so you have the worry that things could escalate due to them ****ing up.
No impact on Saudi Arabia
Robjm66
What impact do you feel that this worrying Iran /Israel situation will have on Saudi Arabia as we progress in that mining jurisdiction?
That is a sobering thought.
We ARE carried away with all the positives surrounding this huge potential otherwise we wouldn't invest. We very rarely take time to properly reflect on our investment. I am not in any way being negative, just stating the bleedin' obvious, I guess.
All valid points raised.
What I do not understand here is why haven't larger producing mining companies looked at Ethiopia all those years ago with all the gold and mineral potential there.
Ask yourself why and there you will find the answer to this conundrum.
High-risk, high-reward. That's why we're here isn't it! My view is that the actual risk is lower than the market currently thinks, and so the risk/reward ratio is quite attractive. That is by no means a guarantee of course, and I wouldn't put your house on it, but with a little (more) patience, the reward will hopefully begin to emerge. GLA
I understand you pov. I would also have expected after the placing to be well above that placing price, when we consider how far along we are now and with that most recent interview.
If it wasn't for those ISA's coming through in the week the sp could have been lower. It feels, as if the spread was purposely done to support those ISA orders.
I have seen both the webinar and the proactive interview and HAA is relaxed as you say. He has to come across this way as he needs to give confidence to shareholders as nothing less will cut the mustard.
You mentioned about risks. Above all else feel that this is killing the funding at the moment. HAA must feel that way, as he did say that they have put into place 24/7 security. Will be interesting to see what these are and the costings associated with this??
Will there be any event leading up to the funding that could derail this??
We no doubt will find out very shortly.
Still a very high risk investment.
No real impact seen on the sp. Even a few investors who have Bed and isa'd this week, could not even get us over the new placing price of 0.60p.
From the new proactive interview this week, Harry is seen looking relaxed. What else can he do. He has done everything they can possibly do to get this funding over the line. Kefi, the Banks and other investors know the inherent risks involved now and moving forward.
Will it come off?
Https://www.youtube.com/watch?v=gzqMJ1dMJFE&list=PLE1y8hGSqr8ar1gKUdfqFDK5ygLIlrdmz&index=1 live from the vault
https://www.youtube.com/channel/UCIjuLiLHdFxYtFmWlbTGQRQ peter Schiff
https://www.kitco.com/charts/silver Silver break out to follow gold break out?
https://www.youtube.com/c/PalisadeRadio
Mr. B ?
.... has been eating too many poison carcases
That's the way some finishing flat laying down
And the award for the most boring poster on LSE goes to ……
Bbc.co.uk/news/world-africa-68779990
Ethiopian opposition OLF figure shot dead and dumped by road
A top Ethiopian opposition figure has been shot dead and his body found on the side of a road in his hometown in Meki, in the troubled Oromia region.
Bate Urgessa, 41, was an outspoken critic of the government and had been jailed on several occasions.
Family members told local news site, Addis Standard, people who "looked like government security forces" took him from his hotel room on Tuesday night.
The Oromia regional government denied that security forces were involved.
In recent years Ethiopia has seen an increase in the killing of political and cultural figures.
Mr Bate was a senior official of the Oromo Liberation Front (OLF) - one of the biggest political parties in Ethiopia.
The OLF condemned the "brutal murder" of Mr Bate and said he was a "eloquent, brave and selfless Oromo soul".
"The unwarranted and extrajudicial killing of conscious and active Oromo political and cultural figures has been a systematic and irresponsible act of silencing the Oromo throughout years and decades," the statement said.
His death has sparked outraged across social media, while human rights groups are demanding justice.
Chief commissioner of the Ethiopian Human Rights Commission (EHRC) Daniel Bekele posted on X, formerly known as Twitter, that the federal authorities need "to hold perpetrators to account".
Phone lines are cut off in the town but it is unclear if the killing of Mr Bate will trigger protests.
Mr Bate has been jailed several times in recent years, but has remained an advocate of non-violent dissent.
In February security forces accused him of "working to incite unrest." He was arrested while being interviewed by French journalist Antoine Galindo and later released on bail.
Galindo was released after a week in jail and returned to Paris.
The OLF boycotted the last general election, in 2021, saying the political space was too narrow to operate.
At the time it accused the government of arresting several of its members, supporters and leaders.
The Oromo ethnic group is the largest in Ethiopia but some of its leaders say they have suffered discrimination from the country's traditional elites.
The OLF used to be an armed group but laid down its weapons in 2018 after Abiy Ahmed, an ethnic Oromo, became prime minister.
However, the OLF has since become disillusioned with Mr Abiy.
Macaubusiness.com/13-arrested-in-ethiopia-over-killing-of-oromo-opposition-figure/
13 arrested in Ethiopia over killing of Oromo opposition figure
Police in Ethiopia have arrested 13 suspects over the killing of a prominent opposition figure from the restive state of Oromia, official regional media reported.
The body of Bate Urgessa of the Oromo Liberation Front (OLF) was found dumped on a road outside the town of Meki on Wednesday, shortly after he had been arrested by “government forces”, the party said.
The United States, the European Union and Britain have joined rights campaigners in calling for a full investigation into the killing of Bate, an outspoken politician who had spent several years in and out of detention.
Police in the East Shawa zone where Meki is located have arrested 13 suspects over the shooting, the Oromia Broadcasting Network said on Facebook late Thursday, adding that Bate had been buried at a ceremony in Meki that day.
No details about the suspects were disclosed.
The 41-year-old Bate had been released on bail early last month following his arrest alongside French journalist Antoine Galindo in February.
But he was arrested again late on Tuesday by “government armed forces” at a hotel in his hometown of Meki, 150 kilometres (90 miles) south of the capital Addis Ababa, OLF spokesman Lemi Gemechu had told AFP.
“He was then briefly taken to a detention centre in the city,” Lemi said.
Bate’s family said he was found dead on Wednesday morning on a road on the outskirts of Meki, he added.
Every dollar increase in the gold price should get through to the bottom line.
It should cost no more to extract the gold it is just the profit margin gets bigger.
Just a pity the financing hasn’t got sorted.
Gold price could easily top $3000 in the next few weeks.
Worth nothing to us unless the mine is financed.
@NickE Thanks for that link - I mean first frame HAA biggest smile eva! Guy is clearly very happy, very relaxed....hmm
Does that corner circle the globe?