Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Sounds very positive...Any guesses on s.p. going forward?
Part 2
That’s the big one to be honest because that two thirds of the capital the toughest capital is banks the toughest due diligence in that sense (Basically if you can convince the banks..) and the Equity piggy backs (other investment in the project follows) o the bank work. The equity was put together at the subsidiary and project level (less dilutive than parent company level) is pencilled in (most of the work done) some of it finally formally approved some of it informally some of it in principle approved (everyone want to get this done and in the process of getting it done) but waiting for any conditions from the banks final approvals from the banks everything so they can finalize their approvals (sounds like other consortium members just waiting on some rubber stamping from the banks for their sign offs) the we will be launching next quarter (Credit board approvals this month then launch).
We are launching in the next quarter as best I can judge, we are mobilizing into the field at the end of September (obviously expect final board and credit approvals before the end of September then) and preparing the community its all falling into place.
(Interviewer) anything else to add?
(Harry) The key point is Ethiopia has quite markedly turned it been a tough gig for some years for a mining company in Ethiopia also in Saudi Arabia where we have operations also both countries have turned over the last two years and now particularly this marked change in Ethiopia where regularity obstacles are being removed at a rapid pace (Ethiopian government and mining ministry helping the company) and the industry is starting to line up (mining industry taking off). That Allied deal is very interesting to me because if I am not mistaken it’s the largest equity raise for any gold mine globally this year (anyone know of any deals bigger?).
That a big deal it shows you that the markets are there for the right projects and the right countries and clearly north American investors have turned onto Ethiopia that’s a good sign it augurs well for kefi and kefi very patient very long supportive shareholders.
My comments in brackets
htTps://www.proactiveinvestors.co.uk/companies/news/1026342/kefi-gold-and-copper-ceo-highlights-new-regulatory-ticks-in-ethiopia-1026342.html
(Harry) I am not in Ethiopia I have family in Ethiopia they and they staff are celebrating the Ethiopian new year (https://en.wikipedia.org/wiki/Ethiopian_calendar) I happen to be in the US but it’s a big day in Ethiopia.
(Interviewer) and a big day for kefi and Ethiopia as well we had some big news recently from Allied gold (see my previous posts) and some more progress at your TK project could you just give us an overview of those two bits of news Harry.
Harry Ethiopia has a wonderful production at an artisanal level for millennia literally since the days of the pharaohs in Egypt however lets call it the modern industry has not arrived yet its now arriving (Kurmuk gold, KEFI, Kenticha, Allied gold Akobo minerals) because of us and one or two others busily preparing to launch their projects as well. I suppose its coincidental today the company referred to Allied announced a equity capital raising in the stockmarkets in north America (https://financialpost.com/commodities/mining/gold-veteran-peter-marrone-emerging-nations) of over 200 million dollars I think to go towards the launch of their project which is a bit furthur west than TK in Ethiopia and on the same day we told our shareholders about some pretty important regulatory ticks if you like especially of foreign exchange controls Ethiopia is launching the industrial modern scale gold industry.
(Interviewer) all understood Harry what do you need to do (kefi) to be part of that new revolution over there?
(Harry) Well we have set it out in the recent updates, the particular points really are that our banks that are putting up two thirds of the capital need to issue their final full approvals those permission can now proceed (looks like final hurdles now cleared with banks) and processes can now proceed on the back of what we announced today (sounds like any hold up was with the banks other parties were more advanced) we were waiting for regularity clearances now we have got them (see previous RNS).
New interview if you scroll down the link page below...
11,650,000 trade posted after market close in the buy column...
Is tomorrow the final approval ?? Or are we to be kicked from pillar to post by our in-house aquisative or hang out to dry experts 🤞🤞🤞🙏🙏🙏🤞🤞🤞let’s hope bouncing around .70/.80 tomorow
Essentially “M&A advisory” is either buy-side or sell-side, depending on whether you are acquiring or disposing…:
HtTps://www.ft.com/content/92950b78-1044-4be5-8c90-853cbedf5d31 (Extracts)
The boss of a newly listed gold mining company has said that its future lies in Toronto and New York, as more precious metals miners are bypassing the London Stock Exchange to list their shares.
Allied Gold, an Africa-focused producer, listed in Canada on Monday following a reverse takeover transaction, raising $267mn in the country’s largest mining initial public offering since 2010 with a market capitalisation of C$1.3bn ($970mn) on the first day.
Allied Gold operates three mines in Mali and Ivory Coast that produce about 375,000 troy ounces annually. Marrone aims to lift output to more than 700,000 ounces over six years through organic growth including investing $500mn in the Kurmuk project in Ethiopia. In that time, the company aims to triple core earnings from $200mn to $600mn.
Marrone said he would consider opportunities for mergers and acquisitions to build a portfolio of emerging market gold mines, which could include partnering with competitors to buy bigger rivals and divide up their assets.
Well they were appointed in July and are “non-UK investor relations adviser" and the Warrants are connected to TK “The Options have a term of seven years and shall vest at the earlier of the Company's Tulu Kapi Gold Project closing its project financing or six months from the date of 3PPB's appointment…” Obviously they missed the word time or date from my copy of the Rns shall vest at the earlier date..time..
The two most likely sources of new “non-uk investors are obviously Middle eastern or Ethiopian I say new as I doubt they have a massive number of Non uk or English speeking investors unless they are talking about the Consortuim or Artar probably mainly Uk investors with a small sprinkling of European investors. So it’s a flip a coin guessing game which it is Saudi or Ethiopia think the exercise of the warrants is connected to the TK launch as it will be a whole new ball game then so it does not necessarily mean its Ethiopia.
Ooh; I particularly like “ corporate restructuring and merger and acquisition advice”.
My take is that this latest RNS is a further signal that the final , final, final sign-off is as good as done.
They could also act as PR, signalling lots of further announcements in the pipeline that need to be professionally released to the market, allowing Harry to get on with making Kefi a monster?
"KEFI Gold and Copper Plc (AIM: KEFI) announces that following the appointment of 3PPB LLC ("3PPB") as the Company's non-UK investor relations adviser"
Any idea what this is about?
http://www.3ppb.com/about.html
"We believe we have the unique knowledge and crucial skills to provide value-adding corporate solutions for our clients in a broad variety of areas , including investor relations, merger and acquisition advisory and corporate restructuring."
HtTps://twitter.com/i/broadcasts/1lPKqBvLmrAGb 3.47 minutes in.
Interesting article, thanks for posting. Feeling more confident we'll get TK sorted this year
Similar to ours although we should be in production sooner.
Nice find Tintin that's in addition to Kefi and Kenticha "Allied has just completed a $267-million financing, including a significant investment from incoming management in the amount of $40-million. Chairperson and CEO Peter Marrone anchored the investment of incoming management."
I think he doing exactly as it says on the tin “Plum” sometimes and only on the usual bb’s do we really get all these pondlife, for that reason I rarely visit, It clear for all to see that Kefi/Harry are getting on with getting this done, the banks if they wasn’t interested before would of pulled out ages ago, they wanted assurances they got them so expect news as soon as next week maybe for next good news story
With national bank of Ethiopia doing fast changes to its regulation and ministrt of mines opening praising Kefi its all looks set for something substantial to happen at the end of month. I am sure the mom guy mentioned 2 weeks from his talk also so long long long way to go and really 1-2p should be holding position we should be moving to in the next few weeks.
Am I seeing double bottom on the chart ?
I would agree with TW that the Saudi interests have more potential than T-K. The Saudi assets looks to be more valuable and the Saudis seem to be increasingly open for business.
We still have Harry Adams at the helm however and that's why I won't commit a lot of my hard-earned here.
Quick off the mark this morning!
'We now look soon for previously-emphasised “critical” step project finance closing and then for project development launch – and there is then also continuing joint venture projects progress in Saudi Arabia, which are considered to have more potential than Tulu Kapi. As such we continue to consider that there are the catalysts, possibly within just a few weeks, to take these shares well above 1p and on towards 2p and that they are therefore currently still a compelling BUY.'
Oh dear plumper, if you have nothing useful to add best just keep quiet. Buy a few shares so you are not on the outside looking in....
After a c25% rise in 5 days?
(((^_^;)