Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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From recent RNS
"In order to facilitate maximum growth, KEFI and ARTAR have agreed to refine their GMCO shareholders agreement and respective working arrangements. As previously announced, extensive feasibility study and exploration work has been undertaken in 2023 in Saudia Arabia and is still ongoing."
From the above, it looks as if Kefi are going to negotiate their percentage?
To what extent?
We avait the outcome!
Still no answer on this I see .....
Going to catch 'em out!
Sooner rather than later.
Reversal coming.
HtTps://investmentpolicy.unctad.org/investment-policy-monitor/measures/4494/saudi-arabia-offers-a-30-year-tax-relief-package-to-attract-regional-corporate-headquarters-#:~:text=On%205%20December%202023%2C%20the,international%20investment%20to%20the%20Kingdom.
htTps://www.mondaq.com/saudiarabia/government-contracts-procurement-ppp/1412114/saudi-arabia-offers-30year-tax-relief-plan-to-attract-more-regional-corporate-hqs#:~:text=The%20Saudi%20government%20announced%2C%20on,and%20headcount%20to%20the%20Kingdom.
htTps://www.agbi.com/articles/saudi-regional-hq-programme-rules-loopholes/
One thing I am curious about is the how the HQ thing will work is the kefi operation in Saudi regarded a Regional HQ covering the middle east and TK the regional HQ covering Africa so they can already apply for this?
"The tax exemption package under the regional headquarters (RHQ) programme includes a zero percent rate for corporate income tax and withholding tax related to approved activities for 30 years, state-run SPA news agency reported.
The companies will benefit from the tax relief from the day they obtain their license."
Simms45 - you haven't learnt anything over the last few years, have you? Coming here and quoting almost every week that we will have TK finance news in the next few weeks - as if you know the outcome. :)
GL
Lets hope Kefi RNS on second lender finance sign off and then Saudi update. Sadly i expect Saudi update first and unless it mentions listing on Saudi whatever else will just be ignored. If Harry can pull in the bank RNS it largely guarantees us the finance and then Saudi update csn have some value, clearly the elephant in the room but until TK is done anything Harry says on Saudi is just ignored. Still hope he can split Kefi in two and launch Saudi on the exchange. That would be exciting. Second bank finance could come next few weeks as surely if the lead bank has gone all in surely they would do that on basis of second bank doing so as well. Harry has got to keep up momentum as delays are a killer!
Hi all - recently posted a YouTube portfolio update which includes analysis of Kefi current situation.
Link here for anyone interested: https://youtu.be/q5Clw_E14sQ
https://*************.com/views/72587/kefi-gold-copper-saudi-arabia-joint-venture-moves-to-make-further-progress-strong-buy
Thanks EL
Https://finance.yahoo.com/news/gold-enter-2024-sights-set-163400085.html
A Reuters poll in October forecast prices will average $1,986.50 in 2024.
“The poll of 30 analysts and traders conducted in October returned a median forecast for gold at $1,986.5 a troy ounce for 2024.”
Think gold price might choppy for a few weeks as now looks like rate cuts might be delayed but eventually the inflation fight will be given up. Think the mainstream analysts are wrong and we will be looking at a gold price way higher than 2000 this year.
Thanks, Rob. Well, regarding the price of gold, if you look at the WGC graph, more than 60% of the gold producers had AISC higher than $1200 in 2023. Even $1600 would bankrupt the entire gold industry after the recent inflationary increase in costs, cutting the gold supply. Hypothetically, I could see the $1600 in extreme situations, like the 2008 liquidity crisis, but it would not stay there for more than a few days.
Well its a gold mine so biggest factor is the price of gold at TK all in cost around 1200 dollars so if you thought the gold price was going to below that should not be investing in gold mines.
Second most critical factor is consortium members not wanting to go ahead but we should get board approvals from consortium members in the coming days and weeks and have not heard any convincing arguments why any of them would not want to go ahead having gone this far.
Suppose we get credit sign off from the second bank. What are the remaining risks between that and funds drawdown / TK construction start? Do you see anything (apart from the new war) that can derail the deal after that? Thanks.
My understanding is that the London Stock Exchange does not actually publish whether a trade was actually a buy or sell. It is left to sites like this to basically guess which it was, based on the trade price and the mid-price between the buy and sell prices at the time. This is not an exact science, and it frequently guesses wrong. Don't worry about it.
Hi
Can anyone throw some light on a couple of my trades?. Recently I’ve bought 661858 shares twice and both trades have been shown as sales - one purchase was yesterday p.m.
No worries sixnoughts, TW is still HAA's biggest fan after the latest RNS!
'With the current market cap here around £32 million and the upcoming catalysts from Ethiopia and Saudi Arabia, we continue to consider this a gold tip of the year from just below a 0.70p share price to double and quite possibly much more this year. STRONG BUY.'
Https://www.thereporterethiopia.com/38311/ (Ethiopia general)
https://www.afdb.org/en/news-and-events/press-releases/african-development-bank-group-and-ethiopia-resolve-normalize-relations-67834 (Ethiopia general)
https://www.barrons.com/news/african-bank-expats-return-to-ethiopia-after-pm-apology-47e62433?refsec=topics_afp-news (Ethiopia general)
https://www.thenationalnews.com/business/economy/2024/01/20/can-saudi-arabia-emerge-as-a-mining-powerhouse-amid-global-race-for-minerals/ (Saudi mining)
https://oilprice.com/Energy/Energy-General/Tadawul-Groups-Move-Ignites-Competition-in-Commodity-Trading-via-DME-Investment.html (Saudi general)
https://www.argaam.com/en/article/articledetail/id/1698828?IRAccessToken=saudire
(gold)
https://www.zawya.com/en/markets/equities/saudi-tadawuls-tasi-surges-1421-in-2023-dpwrwd24 (Saudi general)
https://www.mining.com/brazil-negotiates-mining-investments-with-saudi-arabia-minister/ (Saudi mining)
https://www.argaam.com/en/article/articledetail/id/1699018?IRAccessToken=budget-saudi (Saudi mining)
It’s a fair point.
We all have the same information here though..
“Shocking”, “Incompetent”, “disastrous”, sounds like you maybe shouldn’t buy back in if you’re sitting that side of the fence…
Have a good weekend.
I have asked but it is pretty shocking it wasn't clear from the RNS though - either incompetently drafted or disastrous deal
That said id if it was just poorly drafted I will buy in again but it's a 40m question so vital it is answered
Maybe ask the company and let us know… 😂
Blah blah blah blah blah future future - what get kefi actually get in return for giving up 10% of its part of Saudi Arabia- was it 3.5m or 175k - pretty key to understanding what Saudi is worth and NO ONE had provided an answer
Wow glad I was busy for some hours the next Rns is as Harry said likey to be Saudi as they working on that already.
From the rns”Accordingly, GMCO and its two shareholders are now focused on how to best position the joint venture for the next stage of its development”
“have agreed to refine their GMCO shareholders agreement and respective working arrangements.”
Well the rns does not say that - it stated artar have carried the funding so far and kefi have been diluted from 40% to 25% but nothing is committed for tbe future but for me the key still is what the 2% was for - if it was for 3.5m i,ll buy back in - if its just the interest I won't cosbit values saudi share around 2m