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Https://www.mining.com/sponsored-content/ivanhoe-electric-and-saudi-arabian-mining-company-maaden-complete-first-full-quarter-of-exploration-activities-in-saudi-arabia/
early exploration work will start in the second quarter at the ‘Gehab’ prospect in the Wadi Bidah Belt area located between 220 km and 270 km southeast of Jeddah.
https://english.news.cn/20240418/92937ebe5de746b5b53030b54c2ebe40/c.html
(Ethiopia general)
https://www.ena.et/web/eng/w/eng_4317724 (Ethiopia general)
https://www.miningweekly.com/article/rio-saudi-arabia-said-to-vie-for-stake-in-first-quantum-mines-2024-04-18 (Saudi African mining)
https://www.deccanherald.com/business/companies/uae-giant-eyes-majority-stake-in-vedantas-zambian-mines-in-expansion-drive-2985355 (Saudi African mining)
You've got to be patient! lol
Can we try to keep the TK funding dream alive a while longer before we go along with the Saudi Macguffin? I’m 113% certain it’s going to happen next month/quarter/year/October.
Remember the good old days of .8p? Reckon these will shortly be the good old days of .5p?
I’m sure we’ll all look back and laugh when this “multi-bags” from .1p to .3p in H2 2039…..
Ethiopia joined a year ago but AFC have been in the news recenlty.
https://newbusinessethiopia.com/finance/africa-finance-corporation-raises-1-16-billion/
https://punchng.com/afc-assets-hit-12-34bn/
Interesting. Wasn't Condorman mentioning something about that?
Shorter link rather than the Google search link:-
https://www.africafc.org/news-and-insights/news/ethiopia-becomes-africa-finance-corporations-40th-member-state
This has gone under the radar but it looks like a very positive development in the context of the second bank (Africa Finance Corporation) signing off on the TK funding. AFC states that Ethiopia has become AFC's 40th member state and references "a $300m pipeline of projects ...including mining."
"Addis Ababa, 3rd April 2023 – Africa Finance Corporation, the continent’s leading infrastructure solutions provider, today announces Ethiopia as its 40th member state ....
AFC has already identified a US$300 million pipeline of projects to capture value from Ethiopia’s metal and mineral exports and bring jobs in catalytic sectors including power, renewable energy, logistics, telecommunications and mining, advancing the country’s position as one of Africa's fastest-growing economies.... We are committed to working closely with the Ethiopian government and stakeholders to develop and finance integrated ecosystem projects that support the country’s vision for rapid and sustainable economic growth.”
https://www.google.com/search?q=ethiopia++imf+loan+africa+finance+corporation&sca_esv=6b1c5e95a3d0b06b&ei=9okhZrnPC9SThbIPxcaeoA4&ved=0ahUKEwi5ooOb1MyFAxXUSUEAHUWjB-QQ4dUDCBA&uact=5&oq=ethiopia++imf+loan+africa+finance+corporation&gs_lp=Egxnd3Mtd2l6LXNlcnAaAhgCIi1ldGhpb3BpYSAgaW1mIGxvYW4gYWZyaWNhIGZpbmFuY2UgY29ycG9yYXRpb24yCBAAGIAEGKIEMggQABiABBiiBDIIEAAYgAQYogQyCBAAGIAEGKIESPqjAVCACVjNngFwAHgBkAEAmAHpAaABlCCqAQcyNi4xMC4zuAEDyAEA-AEBmAInoAKJIMICBBAAGEfCAhQQABiABBiRAhimAxioAxiKBRiLA8ICDhAAGIAEGJECGIoFGIsDwgIdEC4YgAQYkQIY0QMY0gMYpgMYxwEYqAMYigUYiwPCAggQABiABBiLA8ICERAuGIAEGKIFGKgDGIsDGJ0DwgIOEC4YgAQYqAMYiwMYnQPCAgsQLhiABBiRAhiKBcICBRAAGIAEwgIaEC4YgAQYkQIYigUYlwUY3AQY3gQY4ATYAQHCAgYQABgWGB7CAgoQABgWGAoYHhgPwgIFECEYoAHCAgUQIRifBcICBxAhGKABGAqYAwCIBgGQBgi6BgYIARABGBSSBwcyNS4xMS4zoAex8AE&sclient=gws-wiz-serp
Saudi update next week?
There is nothing to show at this juncture.
No FUNDING, no DFS in SA.
You can bet as soon as funding is required in SA which will be imminent (lol) in order to pay ARTAR back or will get diluted, yet again. (All gone quiet on this.) I wonder why?
We have every right to be negative!
'Show us the MONEY.'
Not much sign of that happening anytime soon.
Caterham7,are you still holding your 28m?
So much negativity on this board.
To sit on the fence until the funding announcement is made then I'll pile in. Binary bet this.
GL
Condom man just how many Kefi shares do you hold……I guess Zilch……if so why are you so opinionated about Kefi ?
Why not openly back a different company with similar or better prospects….we would love your ideas!
My latest T/A on kefi suggests today is an important day,we need to close above a 0.55p bid to maintain our uptrend or we could be subject to a lower range test. The strong support previously shown at 0.50p should hold very easily this time around and is likely to attract high volume on the buy side around 0.50p - 0.516p. Those shorting this will be aware of the proximity of news so this next short attack maybe to coin a phrase "short lived " .
The close today is important.
"We all know now that his super optimism recently was to pump the share price to get the Placing away."
and yet you and your rampish crew hang onto his every word as gospel. If you've noticed his blatant b/s because he wanted a placing to get underway.... then you can bet your bottom kefi share, that he's been b/s in the past, and will be b/s now and b/s in the future.
"That will see the shares race ahead as the doomsters are shown to be talking tummy rot. "
the sheer liberty of the mega failed tipster is quite amusing. He's been spouting his "strong buy" for over 7 years... and in that time the price has dropped over 95%. He is the master of "tummy rot".. he's trademarked it and patented the invention - others could never be as brilliant as him at producing "tummy rot".
TW is still keen (extract below of recent article)!!
'.....Tulu Kapi, project financial confirmations and launch towards development anticipated by the middle of this year. We are assured that all is on track and we will get that final “funding secured” RNS soon. That will see the shares race ahead as the doomsters are shown to be talking tummy rot. But you are bored with Kefi ( another sign that it is such a STRONG BUY!)' He then went on to 'tip' 3 other gold stocks....
You mean the IMMINENT statement issued by HAA in December 2022?
You couldn't make this sht up.
The chances are TK finance will get signed off eventually just not in the timescales put forward by HAA. We all know now that his super optimism recently was to pump the share price to get the Placing away. LTHs fell for the much used tactic again! I suspect we will have a (positive) Saudi update in the next week or two to suggest that the company continues to make progress in both jurisdictions. Rinse and repeat.....
Waiting in anticipation for the big excuse.
And you can almost set your clock by the shareprice. Harry does his placing and now we wait months and months while the overhang of placing shares gets churned. Given how high risk Kefi is its amazing just how stable the share price is after every placing. Gla
Sounds a similar time to me. In fairness Harry has worn the most rose tinted sunglasses ever talking up definitive agreement signoff now for 2-3 years. Really he has stretched the imagination of reality but we are still here and while down on my investment i do think the upside when it comes will be huge. However if we get second bank signoff by end of May and definitive agreements signed end of June it will be a miracle given his historic bullishness to get things done he does not control. Sadly Saudi is valued at 0 while the ethiopian ****show continues. I will be happy the day Harry says he spins off Ethiopia project into separate company and list or sell to major and exit Ethiopia. Time to focus all efforts on Saudi that is a much better place to operate (well i hope so anyway!)
Https://www.youtube.com/watch?v=PBjDFUxNymQ (Saudi mining)
https://economymiddleeast.com/news/410-billion-in-investments-propel-saudi-arabias-mining-sector-growth/
https://www.msn.com/en-ae/news/other/imf-raises-growth-forecast-for-saudi-economy-to-6-in-2025/ar-BB1lKQcX (saudi general)
https://quoththeraven.substack.com/p/the-federal-reserve-is-clearly-trapped (gold)
https://www.zerohedge.com/news/2024-04-16/hard-money-heat-check (gold)
https://www.zerohedge.com/markets/golds-resilience-shows-currency-crisis-isnt-far-away
The burst condom pops his head up every now and again when he can find a bit of bad news on anything in Ethiopia, same old record. He is the classic investor who puts all his money in one share expecting to make a fast buck and when he looses his shirt gets bitter and twisted. This is, and always has been a high risk / reward share to be played for the long term. The mining industry operates through a sequence of stages: exploration, discovery, development, production and reclamation. He failed to get it that when you go through the first few stages, especially with a fronteer minor, more money will be required and there will be setbacks. We are close, patience is required. I find his posts amusing now, however they can be unsettling for newcomers so I do like to debunk his posts when I can. Thanks for posting 1plus1. As always, DYOR.