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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.
I have a feeling that retail investors won't get the opportunity like the last one. Just as well considering what happened. They would havre been straight away :-(
How is HAA going to milk shareholders more when the last placing caused the share price to crash well below the placing price? So say he tries to raise a £1m at .45p then immediately the share price will slump to around .3p, why would anyone buy in at .45p. I can hear the magician saying 'wait and see'.
A lot of chatter about further placing(s).
I for one would not want a placing to be diluted any further, as we have had a few already. Looking at the RNS it is all good news. Of course, we have the 'elephant' in the room in how are we going to fund the Arabian project(s) but this was to be expected.
We will hear soon enough :-(
Some of bought into this company years and years ago with the Exec promising to dig up some gold by Xmas. It's actually very cruel to promise children Xmas presents and then take away the presents they were give the year before.
I voted against the last round of fund raisers as I believed we needed to do some mining and not just obsessive drilling anywhere there is Nubian Shield, but apparently over 90% shareholders, probably mostly retail like me don't know how to put pressure on HAA to dig gold.
No-one actually *likes* placings, but if you really can't tolerate them, don't buy into a company which doesn't actuallly make any money yet!
Hawiah
-- Ongoing +60,000m infill and expansion drilling campaign continues to yield positive results
-- Drilling programme is designed to upgrade the Resource classification to allow for further Ore Reserves definition as part of the planned 2024 DFS (“2024 DFS then mine construction)
Results of the drilling programme to date have been encouraging, with the deepest drill hole in Crossroads Extension intersecting over 7.5m wide (Estimated True Width) of mineralisation at 750m below surface, representing a 230m downdip extension from previous deepest intercept (HWD 222). Assay results are pending; (230 downdip so expansion of the deposit)
evaluate the potential for alternative processing routes such as SX/EW or the Albion Process which, if proven to be of merit for this project, would further enhance recoveries; (potential of increased grades)
At the nearby Al Godeyer Exploration Licence, infill drilling has been undertaken to build and expand on the maiden Al Godeyer MRE with the aim of increasing the Al Godeyer resources to 2 million tonnes. Assay results are pending. (Nearby so can be rolled into Hawiah development waiting for results)
Abu Salal EL (located 50km south of Hawiah) (waiting for results)
htTps://www.segweb.org/SEG-2023/Program/Themes/SEG-Conference/SEG-2023/Themes.aspx As for the conspiracy theories makes sense on one level to get the news out there so it can be talked though at the webinar and the presentation was given on the 29th and you have the second webinar to consider.