George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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And another quiet normal day in lambsville. The sheep are lining up at the gates of the towns famous abattoir. Always everyday because they have seen others doing the same yesterday and the day before and the day before that. Wondering what wonder must be inside for so many sheep to queue up to get in and never having enough of it to leave. Happy days.
I always thought ham came from pigs not Hamburg. What's the world coming to? Does that mean cheese comes from Cheesburg? Where's Cheesburg? I can't find it on Google maps!
Don't believe everything you read. Even at McDonald's, if you order a hamburger from the menu, they will give you a beef-burger not a ham-burger! Watch out!
Hold your horses, HAA is still your only chance. Only HAA is smart enough to pull kefi out of this latest quagmire, after all, he's managed to string along so many shareholders for so long with just a string of RNSs
Cracker10 Your post is about as accurate as you saying that two chairmen of kefi had committed suicide.
Gambella is a long way away from TK. When the news of the attack at the village of Tole broke followed that to. No serious commentator doubts it was carried out by OLA with the help of some local collaborators.
Tole is actually between Gimbi town and Nekemte so stretching it to say it was near TK.
If you are paying for all this information maybe you should ask for a refund. Maybe its the same analyst that said Inchcape was going to be white knight to kefi if you bought in then on the back of that you can hardily blame anyone here.
“I only deal in facts” lucky you said that or the casual observer would think you are just making it up as you go along. A bit like in one post saying do not worry about the Chinese then in another saying TK would be sold to the highest bidder.
Shut up cracker, you're clearly the manipulator here. It's clear because you're bad at it it, and you're bad at it because you're not particularly intelligent.
Bascially everything you say is just "dude, trust me", stupid arguments that don't have any real logical basis or avoiding giving any real information.
A lot of people on this website - not just on this board - are disingenuous or just ill-informed. But you're a snake.
And all this talk about having invested in 'loads of detailed analysis!' that have apparently 'revealed' the 'hidden truths' that would 'shock even the devil'... Pathetic. Just more 'dude, trust me'. You haven't paid for any independent analysis and that's why you haven't given any detail on anything to do with it. And what are these analysts anyway? Private detectives who are phone-tapping HAA and KEFI in order to find out stuff that isn't publicly available? Professional analysts don't just suddenly have access to secret information because you've given them money. That's not how the world works and that's an example of you being too stupid to make something up that wasn't obviously able to be proven wrong.
You are most welcome @urai5. The only reason I've come back to post on this platform is because I still find it too painful to see genuine investors continue to be manipulated by 'opinion'/'agenda' setters like @robjm66.
One recent example is the security/guerilla war of a week or so ago. When people were concerned about the OLA attacking the Gambella area, the distractors like @robjm66 shouted down everyone saying the battle was so far away from TK that they considered us ignorant of the reality on the ground. And when one guy pointed out that the OLA was also raiding Gimbi and Dembidolo which are the two closest towns to TK, then they changed the story. This is what I mean about suppressing the real news by agents of kefi i.e. @robjm66 and others.
And when I say there is much more than what is reported is what happened a week later. Some 1,000 to 3,000 civilians were executed near TK one Saturday morning by what the government claimed to be OLA fighters. But human right organisations are now saying that it was a crime committed by government/federal forces to put the blame on OLA. And who runs the federal forces? TUB and his cabal!
Let's be realistic about the $80m. I'm no insider for sure. But it must be obvious to any kefi investor that HAA could never deliver $80m in 13 years let alone now in 13 days. In fact, no one should try to in the current environment. This is just an excuse for TUB to confiscate and then sell the TK license to the biggest kickbacker.
My opinion should not matter. My intention is to only share as much fact as I can relevant to the current time. As I said, I have invested in independent and critical local analysis to help guide me. But I can not speculate on any possible outcomes without being in danger of influencing anyone. I only deal in facts not speculation or opinions.
Good night.
So bored of this Harry bull. Shareholders holding on to next 4 days when Harry has told BS for the past 4 years drawing wages and fees for friends and family.
Day 5 let's see who supports this serial liar
Reality is the Ethiopian government has a sizeable stake in the project and $20m of taxpayer money invested and the MOM is mostly about pushing the syndicate to sign as many will have invested significantly over the years. As we have seen tome and again MoM plays ball when needed but cleatly keepimg some cards to help get this show on the road. We will find out this week how the land lies but Harry has stated all is good and meetings in Ethiopia for Unbrella agreement underway so lets see as once signed Hawaiah and JQ become a lot more valuable as we will have a lot more assets to speak of and use to fundraise. It will be massive also fof TK but rhe umbrella agreement is the starting gun on the final stage of completion and removes a massive amount of risk. Incredibly investors, perhaps rightly, are waiting for the RNS but it could double on key news as we are price at sub £25m as if we were just starting out not in the process of completing on 2 monster projects and a tasty 700k ounze gold mine that literally just needs shovelling into the mixer and melting some bars. could be a key week.
While I'm at it, we can clarify one more point:
RE: Secure mining license TK: 80m$ until July 7th, 2022 at Ethiopian central bank, Sat 22:30
RE: Secure mining license TK: 80m$ until July 7th, 2022 at Ethiopian central bank,Today 09:13
(...)"but there's much you are missing out simply because the real information is not publicly available and a few continue to suppress anything leaking out even on this platform. Unfortunate."
You see, 2 times the same post along the lines of: "I know something you don't know."
So if you know something - and I'm assuming you're not an insider - write it down. But only give hints - this creates uncertainty. And that's why I reacted like this in the post "RE: Be Careful What You Wish For, Today 15:01".
Thank you for your feedback. I'm agree with you on the next process steps 1 to 7. Also regarding assessment, absolutely open.
But please note your following post:
RE: LICENSE REVOCATION DEADLINE DAY: JULY 7TH 2022; 24 Jun 2022 10:34:
7th of July is only 13 days to go
not long enough to wire $80m
It may be that I didn't really grasp the deeper meaning due to my limited knowledge of the English language. But to me that sounds suggestive that Kefi Gold and Copper CANNOT - according to your opinion - the Ministry of Mines requirements and therefore may lose the license.
uraie, no separate agenda from my side except wanting to see kefi succeed. I hope we are all big enough to accept different opinions and not attack or doubt the motivation of others who do not toe the line of some opinion makers.
Where one lives should not be an issue among professional people. But if you think I must be in Ethiopia to have a better insight on the country then you are wrong. If you must know, since I have so much invested in kefi, I have done a wise thing and invested in regular independent assessments of everything that goes on in the country and in particular TK. And the report I have on TUB will shock even Lucifer! No joke.
How RSA and TK are linked should be obvious for any experienced investor. It's a question of confidence. Would you trust your money with someone who dropped an almost ready money making machine (TK) at the last minute? RSA is still a pipe dream for no other reason than the country is not yet open for mining investment. It's still just mining conferences and presentations and a bit of exploration. And no one knows what the Al Rashid family will do when/if kefi fails to deliver on TK. They are majority owners of G&M and very rich and influential. The city will not give much of a valuation to a company whose asset is only a minority shareholding of a license that is not even a development one. That's is why current SP does not reflect any value on RSA holding.
As things stand this week, we know the following issues will probably decide the future of kefi:
1. Security report due
2. Umbrella agreement signing due
3. $80m down payment
4. RNS on 27/6
5. AGM on 30/6
6. HAA re-election at the AGM
7. License expiry on 7/7
I don't want to speculate on the outcome of any of these issues and shouldn't anyways. I only have one question. Does kefi board have a strategy to save the company if it loses its TK license?
The previous Chairperson of kefi was Jeff Rayner who is still very much alive https://www.kefi-minerals.com/people/senior-management
From memory there was someone who was on the board for a while who had money problems and depression after they retired not that uncommon unfortunately.
Agree with you about Harry genuinely wanting TK to work and open up the Ethiopian mining sector its not just about the money with him think he has fallen a bit in love with the Ethiopia and its people.
As for the RSA think the better more easily funded and exploited prospects are there get Jibal Qutman back and it can be funded for peanuts with a SIDF loan then Jibal can fund everything else especially Hawiah. Just funding would be miles easier would not have to have all the moving parts and a consortium to keep on side.
One problem with TUB is never sure how much is political grandstanding with him but those kind of shenanigans do actually hurt and slow investment into a country.
Think shareholders will generally back Harry till the situation is clearer if it goes wrong in Ethiopia he could well be toast if he pulls it of he will be everyone's hero that's just the nature of things.
In general: With vague hints and gentle references to more intimate knowledge, uncertainty is created rather than clarity. It's not exactly clear to me what (hidden) agenda @Cracker10 is pursuing. I assume @Cracker10 lives in Ethiopia.
Tulu Kapi is in Africa/Ethiopia. Ethiopia is ranked 87th in the CORRUPTION PERCEPTIONS INDEX, together with Kosovo and North Macedonia (Europe) - but still way ahead of, for example, Ukraine (ranked 122).
https://www.transparency.org/en/cpi/2021
A Chinese company owns all of the exploration licenses that Kefi had applied for, including the one around Tulu Kapi. License MOM/EL/00005/2022: Xingxu Mining International Investments, Hong Kong. A private limited company, founded on March 24th, 2021. Will probably be advanced.
Then to the statements of the Minister of Mines regarding 80m$ by July 7th, 2022 at the Ethiopian Central Bank:
The RNS dated June 15, 2022 states:
- Sign the funding ‘Umbrella Agreement’ during June 2022 to demonstrate the full funding commitment, in particular to the Ministry
- Evidence of the full funding capacity of each syndicate member to the Ministry
I cannot see any differences, tricks or ambiguities between the wording of the Minister of Mines at a press conference and the wording in the RNS of June 15, 2022. The $80m should be right. We should find out on June 30th, 2022.
Then the question is whether the assets in Ethiopia and those of Saudi Arabia are linked by an (invisible) "umbilical cord" or not. I can not judge over this. However, I would email Kefi Gold and Copper directly after the (hopefully not arriving) notice that the license for Tulu Kapi had expired. In any case, I see no connection from a distance of many thousands of kilometers, certainly not legally. But of course an investment in Kefi Gold and Copper is absolutely high risk and Ethiopia and KSA are new Mining Jurisdiction with corresponding risks.
Again: vague hints are unhelpful.
A major investor of kefi recently told me that the last two chairpersons of the board had committed suicide ... no one knows for sure their real reasons but I fear for HAA and the pressure of the job.
I don't believe Harry is trying to get rich by milking shareholders thru a series of share issues. He's genuinely trying to make the project work so that all of us including him make money.
The only issue I've ever had with HAA was for massaging the truth which has now come out to bite him in the ass - big time! I've never doubted his sincerity to make money for his shareholders.
I also do not agree when some of you say that we are in it for RSA assets and not TK. Unfortunately, they are both umbilically tied to each other. If HAA loses the TK license, the Saudis will kick him out in no time. He will have no credibility left.
And TK is not surrounded by the Chinese. It is not about the Chinese taking over Africa. This is a lazy argument. TK is surrounded instead by the corrupt practices of the ministry of mines and the Minister himself. Just look at his tweets from last week. He visits a Chinese owned gas concession with a Turkish company one day and the next day he threatens the Chinese company (polyGCL) that unless they deposit 30% of the project cost ($1.2B!) by July 7th, he will take away their license, just like he said to kefi. That’s a lot of liras! HAA is not the enemy it's TUB the Minister.
Everyone must back Harry to the hilt during this critical week. He must save the umbrella agreement and the licence, otherwise why would any shareholder re-elect him as a director at the upcoming AGM? No TK means no HAA which means SP collapses and your money goes up in smoke.
IMHO