Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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ElecL, I concur, B&I most probable. The figures check out.
There are plenty of reason for optimism regarding our progress across the range of assets and I'm sure we'll be in production in 2025. TK is more of a test of our patience, stamina and investment risk....
Perhaps I need to be optimistic again. :)
" it might be possible to have a reasoned discussion." Good luck with that yes it could like you say.
Who, me? No, not yet...
Didn't you filturd me?
Killed what? A Bed'n'ISA? Not in my experience. The broker usually handles it pretty well, it's not quite the same as doing it yourself.
The spread would have killed it imho
Indeed. Wasn't a dig at you dd. Just expressing some general irritation with some other posts today.
Not sure what you mean by that nothing of what I said changes. Of course they may well be making a massive mistake
I'd bet a small sum that's a Bed'n'ISA... 19.99k value, prices very close, later trade has slightly fewer shares. If everyone stopped running around shouting the sky is falling, it might be possible to have a reasoned discussion.
Showing as buys and the shareprice is up.
Nearly 7,000,000 sold around 30 mins ago. Don't think much of a mistake do you.
Or maybe making a massive mistake
Obviously the wise protecting their investment
That seems to be a fair summation of where we are currently.
“Other project finance syndicate members are meeting with the Company and the Ethiopian Ministry of Mines ("EMM") in Perth Australia, addressing the few remaining loose-ends with EMM-facing agreements. These parties have also been taking part in instructive mine and processing plant inspections while in Australia.”
Looks like two sets of meetings happened/happening at the same time at the probably had the Australian one to include the contractors that are putting up the mining fleet and Equipment…
within the finance syndicate, all members of which are active in the region and plan to inject funds at the subsidiary level, as follows:
o Mining services contractor provides US$70 million mining fleet against TKGM mining services agreement;
https://www.lycopodium.com/
https://www.africadownunderconference.com/
https://www.africadownunderconference.com/programme/ Also Session 4 a mining minster from Ethiopia 17.30 plus Harry panel and kenticha mining https://www.thereporterethiopia.com/35990/
Probably have the main minister at the meetings in Abbis while The mining minister and Harry fly the flag for Ethiopian mining and meet up with the contractors.
TMS
There maybe a reason why they will not spill the beans on financing SA. They are still awaiting for our syndicate to agree on this and so do not want to commit funds they do not have to SA.
We would not be in this situation if the TK funding was all agreed months back.
I can see warrants coming into play sooner rather than later unless a placing to raise funds takes place. Wouldn't be overly happy lose the warrants as an investor so early on.
Needs MUST as they say.
Forgive my ramblings.
Know
Q do we now when lender/gov meeting in australia
"Questions
You can now pre-submit questions directly to the company up until the day before the meeting, in addition to asking questions during the live presentation."
https://www.investormeetcompany.com/
It is getting rather repetitive to see the sp blowing in the wind as it is.
RNS rather vague about where all this money to fund the drilling, trench work and testing is Saudi is coming from. It is great to update us on this as this is the one that we are looking at whilst we await on TK, but enlighten us who is going to fund it all as well.
Not too much to ask is it?
Https://www.kefi-goldandcopper.com/files/presentations/kefi-africa-down-under-conf-pres-sep23.pdf
https://www.africadownunderconference.com/
Interesting that the conference is tomorrow the day before the webinar.
As it 36 slides will shrink it down putting slide numbers in brackets giving a quick and dirty review. (3) Closing (in on) $390 m project funding (TK) final feasibility Hawiah and JQ
(4)Additional pipeline of Gold, Copper and Lithium exploration
• Planning to finance and build a series of new mines (Lithuim ?!?!)
6 Capital and currency controls eased
(7)Saudi Industrial development Fund:Prioritised financing mining projects
Financing the final stage of the exploration process, which includes feasibility and
Development (SIDF for most of the money needed)
Tulu Kapi High-grade UG resource open below OP
Jibal Qutman and District
Applications lodged for a number of selected targets in District
7 known deposits only drilled to a max depth of ~125m
2 new EL’s along strike, drilling in progress
Hawiah and District Hawiah open at depth, drilling in progress
Similar Cu-Au mineralisation at nearby Al-Godeyer satellite deposit (8)
9 and 10 Market cap only 14% of Npv (comparison of other minging companies)
(12) Syndicate Board and Committee approvals…
JQ 2023 ➢ Q2-3: ➢ Drilling to upgrade and expand resources ➢ Mine planning and Ore reserves ➢ Q4 Trigger Process for: ➢ Environmental permitting ➢ Project funding with Saudi Investment Development Fund ➢ Development Commitment
16 Financing to Cover Development plus Exploration (plus exploration)
Bankers’ Case carries the planned debt at $1,200/oz which means it is robust at consensus gold prices of US$1,800/oz per S&P (gold price at the moment 1924)
(The rest is how the mine will be set out)
Saudi (28) 2023 Expected Milestones: Jibal Qutman • DFS • Mining Licence • Financing • Start Construction • Expand Resources Hawiah • PFS • Trigger DFS • Expand Resources Regional Targets: • Initial Prospecting
Hawiah now ranks as one of the: • top 3 major base metal projects in Saudi Arabia; and • top 15th percentile VMS projects worldwide
Slide 31 if you are going to look at just one slide look at this one comparsion of kefi to Amak • AMAK (Al Masane Al Kobra Mining Company) is listed on Saudi Stock Exchange and has a market cap of ²$1.3 billion • KEFI is listed on AIM with a market cap of only ¹£27M ($35M)
The rest is of interest to the geos but interesting snippit that..
4 Horizons of a VMS System Exposed for the First Time at a Recently Granted Licence Abu Salal
https://en.wikipedia.org/wiki/Volcanogenic_massive_sulfide_ore_deposit
As for funding Saudi most of the money is covered by Artar then looking at a Sidf loan for JQ which will pay for everything else.
Edited
*down straight away.