George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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Are as rare as hens teeth and getting rarer still.
Gold still holding over 2200 not far off highest ever price.
A large company with deep pockets would sort TK finance and be in production next year producing significant profits & cashflow. They could also move at pace in Saudi with all the licences we hold. I'd settle for 3p a share in a heart beat! lol
I was using the 2.5p as a lowball base price,not what i think would actually happen because there will likely be more than one interested parties in a complete buyout of Kefi. Will be more like 3.5p to 4p levels IMVHO
I dont think many lth .would accept much less than 5p per share .2.5pis a joke .An overall profit but a joke for years invested .imo
Of course ,when it comes to a T/O it comes down purely to what you get for your money,and i could argue that Kefi offers perhaps one of the best opportunities around in terms of value for money. Even a lowball 2.5p offer i would suggest be accepted by most holders here. Just saying its a possible outcome here.
Lol. The could buy us now if they wanted to. You need to ask yourselves the big question, why haven't they?
That answer is probably the same as many shareholders have annotated so succinctly on here.
Looks like we might have a nice close here today,order book has flipped very bullish indeed :-)
Or could we get taken out by a bidder ? lets face it even if the potential bidder proposed an all share buyout of 3 x current SP they would be getting one heck of a portfolio of assets that are advanced.
We should be thinking this is a likely scenario,look at the commodity prices and the apparent lack of assets on the market that are attainable, kefi would be a cracking buyout for someone IMVHO
But whats their share of that real estate really?
Yes robjm66,the point i was making is that now with the new sustainable mining act about to be passed into law it fires the starting gun for the big boys to enter, kefi are sitting on very valuable real estate in Saudi and will be in an enviable position with key first mover advantage....that alone is very very sought after.
Kefi are on the cusp of becoming a much much bigger company IMVHO that is why im adding into my SIPP now :-)
Think Saudi is already getting deluged with mining companies its actually pretty lucky kefi got all the mining license areas it has as would face fierce competition for every new area now.
https://goldprice.org/ Should be interesting to see if gold holds above 2200.
It is a bl**dy merry-go-round that we are on. Still pushing the goal posts out to June. Why not, he has another six months to play with thereafter.
I forgot to add - Newmont have already declared desire to develop in Saudi Arabia and if memory serves they actually said the words " We see Huge Opportunity" . As i understand the key purpose of the new sustainable mining laws are to provide a very low corporate tax enviroment to producers who comply with some basic enviromental standards , so perhaps this will be the catalyst for the big money to start moving into the sector. We have first mover advantage which in this instance should provide very well for us IMO
All proposals were supposed to be agreed and now they need to be "refreshed" in order to be reagreed?
How many times will this rinse and repeat mentality continue.... nice work if you can get it.
Plump had a recent uplift in the share price and now we know there is not going to be a placement as one just happened then add in gold price and future results from Saudi so plenty of upside here.
I understand that the Saudi Ministry of Industry and Mineral Resources are due to finalise and publish their new Sustainable Gold Mining laws in the next few days ( so over our easter break ) . This is likely to get a fair bit of coverage in the western media who will probably highlight that there are a number of the worlds biggest miners angling to get into the country to purchase and develop assets...just a thought but because KEFI are already in country and advancing key assets they might get a mention due to our first mover advantages....we could soon see the likes of Newmont for example start to make some big moves in asset purchases in Saudi and i wonder if they would see KEFI as good place to start with potential hook-ups and JV etc.
Game on here IMVHO
I don't see punters queuing to get shares if it ever gets signed off
There will be years of ups and downs on the rocky road to production and in that time one mistake could see this fall apart
Just remember it's not signed until its signed
Get TK finance sorted and they'll be queuing to invest in KEFI, particularly for our assets in Saudi. Until then.......
There's a reason why KEFI changed its name to Kefi Gold and COPPER ;-)
Funds stampede into copper as price breaks higher
Fund managers have rushed to buy copper after the price broke up out of its one-year trading range earlier this month.
Activity has surged on all three global exchanges with money managers lifting bullish bets on both the London Metal Exchange (LME) and the CME copper contracts. Market open interest on the Shanghai Futures Exchange (ShFE) has jumped to life-of-contract highs.
https://www.mining.com/web/column-funds-stampede-into-copper-as-price-breaks-higher/
GLA SR
HtTps://www.investormeetcompany.com/meetings/investor-update-43
Now includes the questions separate from the webinar.
Https://news.cision.com/akobo-minerals-ab/r/akobo-minerals-ab--publ----preliminary-results-of-the-subsequent-rights-issue,c3953873
https://amak.com.sa/?p=13696 (Saudi mining)
https://stonenews.eu/saudi-arabia-unveils-182-million-grant-program-to-drive-mining-exploration/
https://map.juniormininghub.com/ not sure if it a typo on the Saudi license areas or the reorganization of the license areas to make them more flexible that kefi was talking about.
dvh you make a valid point... haa has bu11****ted and over-promised for so long now that the shares will be handed down to the next generation..
Https://www.miningreview.com/gold/allied-gold-new-strategy-will-propel-the-company-to-senior-status/
“Central to the company’s growth strategy are a major expansion of its Sadiola mine in Mali and the development of an entirely new mine, Kurmuk, in Ethiopia.
ARTHUR TASSELL recently discussed the ambitious growth plan, which will elevate the company to senior status, with Allied Gold’s CEO, PETER MARRONE.
Also in the Allied Gold stable is Kurmuk, which consists of two properties, Dish Mountain and Ashashire, which were acquired in 2017 and 2018 respectively and are near neighbours. They jointly have a mineral reserve of 2.6 Moz (52.8 Mt at 1.53 g/t Au). Kurmuk is located in western Ethiopia, 750 km west northwest of the capital city, Addis Ababa. While Dibb and some members of his senior team are still closely involved with Allied Gold, going forward the management is largely in the hands of former principals of Canada’s Yamana Gold, led by Marrone, who founded Yamana in 2003 and continued as CEO till 2018. He built Yamana into a plus 1 Moz a year producer with assets in Canada and South and Central America.
Kurmuk
Although Sadiola will remain Allied Gold’s flagship for the foreseeable future, its other growth project – Kurmuk – is a very substantial development with a projected gold production of 240 koz per year over an initial 15-year mine life (and an average of nearly 275 koz per year in its first four years). Fully permitted and shovel ready, it is already in the early stages of execution with DRA as the appointed EPCM contractor. It will benefit from having access to relatively cheap hydropower and is expected to have an AISC of under US$950/oz. The first gold pour is anticipated in Q2-2026.
“We are definitely going to be the ‘poster child’ for Ethiopia’s emerging precious metals mining industry,” notes Marrone. “The government is prioritising the development of the mining sector and is giving us every support in developing Kurmuk, in which it has a 7% interest. We’re finding the country to be a very welcoming mining jurisdiction.”
Allied Gold was originally planning a 4.4 Mtpa operation at Kurmuk but this has now been upgraded to between 5.4 and 5.7 Mtpa. By capitalising on the deployment of existing equipment – including a SAG mill – owned by Allied Gold
According to Marrone, the total capital requirement for Kurmuk is US$500 million. Implementation, however, is being phased with expenditure through to the end of this year expected to total US$185 million. Early works underway include access roads, a construction camp and a water containment facility.
Building a mine in a relatively remote part of Ethiopia might seem a tall order for a mainly Canadian management team with little African experience but Marrone is unfazed by the challenge. “At Yamana we built a mine at the southern tip of Argentina in an area which ranks as one of the most remote and inhospitable environments in th
A £1M investment by Harry to keep to keep him in his high life in Perth 10 years ago still working I see