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In reply to original comment.
This board is a nightmare to discuss on…
No use if you’re a vegan…
Or if you’re commenting on a financial market tbh.
@ameen 1850..
But we’re splitting hairs…
Cost is still down around $1200.
TK was always designed as a “Starter Project”, easy and cheap to extract and raise funds for other projects…
Over the short term, the stock market is a voting machine.
Over the long term, it is a weighing machine.
Considering there is nothing in the market cap for Saudi and likely 2000 gold plus..
* £1m drawn against the short-term finance (SA burn rate zero currently and £200k pm for TK)
* £52m pa to KEFI from TK alone @$1800 GOLD
* Artar paid Kefi's costs of £3.5m for 2023 and that the percentage share Kefi owns has now dropped from 27% to 25% (£3.5m for 2%)
Https://www.statista.com/statistics/1088734/global-lithium-market-value/
https://www.woodmac.com/news/opinion/shaping-lithium-market/
https://www.cnbc.com/2023/08/29/a-worldwide-lithium-shortage-could-come-as-soon-as-2025.html
https://www.visualcapitalist.com/sp/direct-lithium-extraction/
https://www.mining.com/lithium-price-plummet-due-to-continue/
Looks like a price dip now then a pick up in lithuim prices next year.
Looks like kefi best bet is to see who comes out on top at Kenticha let them do the work then reap the benefit from having a prospect “along strike” which is kind of what Harry said. My guess is they will have to use foreign expertise (at Kenticha) as they have not developed the home grown talent yet Kenticha has had past tantalum production but that has had problems in the past. Kefi could joint venture the prospect using Saudi money now Saudi is looking to invest worldwide in mining projects. Company could end up with a ne string to its bow.
https://www.thereporterethiopia.com/36610/
https://www.capitalethiopia.com/2023/08/14/game-changing-lithium-production-to-commence-at-kenticha/
https://www.thereporterethiopia.com/37159/
https://www.miningweekly.com/article/abyssinian-launches-legal-dispute-against-state-jv-partner-in-ethiopia-2023-11-17
https://birrmetrics.com/ethiopias-minister-of-mines-declares-lithium-as-the-fuel-of-the-future/
https://www.theafricareport.com/333759/exclusive-saudi-arabia-targets-investment-in-east-africa-critical-minerals/ anyone signed up to Africa report?
The joint venture, involving Abyssinia Mining and Energy (AME) and Oromia Mining Share Company, has the potential to generate annual revenues of at least 300 million dollars, according to Habtamu. However, the project has encountered obstacles due to a dispute between the two shareholders, as explained by the Minister.
In response to the ongoing dispute, Minister Habtamu assured lawmakers that discussions were underway to find a resolution and determine the future course of action for the Kenticha Mining project.
(will try to find out more about the other lithium prospect when i have the time)
Was busy yesterday but hopefully get to watch presentation later
Did anyone ask the question are you taking drawdowns from Sanderson
More butter no bread.
Looked up kefi on ethiopian mining site they have two licence application for Lithium prospects the one Harry mentioned is near kenticha.
Https://www.businesslive.co.za/bd/world/africa/2024-01-18-ethiopia-throws-open-its-doors-to-foreign-investment-banks/
Harry mentioned that Ethiopia would be launching securities exchange
https://www.mining.com/web/saudi-arabia-flags-commodity-trading-ambitions-with-dme-stake/
As part of the agreement, the DME will be renamed the Gulf Mercantile Exchange and will expand in energy, metals and agricultural products. The Tadawul also has the option to take majority control of the exchange after four years.
The investment comes as Saudi Arabia spends billions of dollars to become a hub for the production and processing of metals and minerals. Its sovereign wealth fund is the majority owner of Tadawul, and a key investor in the kingdom’s broader commodities strategy.
We'll see.
Harry is just going through process of knowing this won't happen in half1 of 2024 ..imo he's running out of options of funding unless he keeps giving up a % of the company ...he's got ethiopia messing him around and going at a speed of a snail on diazipan..and saudi who can go at speed but kefi has not got the money to do that ...I would harry has suddenly come to earth of what he's been saying the last 5 to 10 years ...I would say harry has to get this done now or he will leave on his own choice ...
Progress is slow but we're still making progress!
HtTps://www.youtube.com/watch?v=5A_zlmiWEhk presentation now on youtube
Https://www.kefi-goldandcopper.com/files/presentations/kefi-webinar-18-jan-24.pdf the slides that went with the webinar
Caveat Emptor.
This is getting to be like 'Groundhog Day!'
What he said was that there’s some lithium being fought over so they slipped in and took a licence next door for an uncontested yet highly prospective area.
Which they would allow someone to come in on a JV at some
point to do the mining, like Saudi roles reversed…
Sounds smart… like it…
Makes a lot of sense.
I think today's rns says we can pay them the 3.5m when our funding is sorted and our sp is higher
Didn't sound like he was serious about lithium mining at this point but taking advantage of being first mover to grab some licences before the herd arrive. Could be good move
ARTAR funded £3.5 million of KEFI's 2023 contributions for 2% share of GMCO. Of course, KEFi was in distressed circumstances, with no cash available. Yet, if we accept this valuation, the remaining 25% of GMCO should be worth at least £43.75 million. Current market cap is £32 million. TK is for free.
I often wonder why responsible parents let their children invest in mining shares on AIM and spend all of their time on bulletin boards when they should be learning at school.
Maybe they are just passing time waiting for mummy to pick them up in the family tractor?
On telegram TheCondorMan was called Jon Restall?
Anyone any idea who Jon Restall is?
Bitter ex holder from the past?