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All Saudi mining or mining conference, was a bit of talk of at one point about de dollarization and lot of talk about a super region and the huge amount of money mining will need for the green transition. The usual ESG discussions talk of world wide rules needed to make it easier for miner to operate.
Saudi seems to be shifting a bit to do mining deals outside their country as well as inside. Some speakers emphasised the need to encourage the junior miners that make the actual discoveries. Highlight for me was Robert Friedland 73 but wow what a presentation.
htTps://www.arabnews.com/node/2439281/business-economy
htTps://www.barrons.com/news/saudi-says-value-of-mineral-resources-has-nearly-doubled-88f33c4c
htTps://www.arabnews.com/node/2439211/business-economy
htTps://saudigazette.com.sa/article/639493/SAUDI-ARABIA/Alkhorayef-Value-of-untapped-Saudi-mineral-resources-jumps-90-to-SR94-trillion
htTps://www.thecable.ng/nigeria-saudi-arabia-to-establish-joint-technical-team-on-mining-sector-development
htTps://www.prnewswire.com/ae/news-releases/vale-pioneering-sustainable-mining-innovations-at-the-future-minerals-forum-in-saudi-arabia-302031777.html
https://www.northernminer.com/news/ivanhoe-electric-shocks-saudi-geology-to-spot-targets/1003862611/ (Great presentation at the conference)
htTps://www.investmets.com/ivanhoe-typhoon-survey-advances-on-arabian-shield/
htTps://en.hespress.com/77895-morocco-ksa-sign-mou-to-promote-cooperation-in-mining-sector.html
No. Nobody said that.
But it’s undeniably a very strong signal that things are progressing positively.
To ignore this, you’d either have to be a bit disingenuous or just plain obtuse.
I take it you do agree it is positive?
Https://www.futuremineralsforum.com/conference/conference-program/
https://www.futuremineralsforum.com/
Saudi three hours ahead so should get Developing responsible mineral value chains in Saudi Arabia Panel session including Brian Hosking
Chief Executive Officer Gold & Mineral (kefi/Artar) Co 11.15 Kefi also have a stand and are a sponsor.
I bought Centamin at c.6 p a share at TWs suggestion and sold between £1.4 and £1.80 Mr Market is not always right…….
So it signed sealed no going back approval is it
You thought getting credit approval from the lead bank was BAD news?
Okay…
Interesting to see what happens today people having time to go through the desperate attempt to stop the share price dropping with a awful RNS
The market will always be correct
Hi all - just posted a portfolio update to YouTube which includes analysis of recent Kefi news.
Link available here for anyone interested: https://youtu.be/q5Clw_E14sQ?si=KxEMmeXThnOTohVZ
Winifroth has been bullish on kefi for over 6 years... issuing over 60+ buy recommendations in that time and concurrently experiencing a 99% drop. tw is just plainly utter tripe when tipping stocks. he should stick to his niche of highlighting dodgy outfits.
You may well be right on that one Fantasy. All I'm saying is that my investment thesis remains intact so long as TK (and the SA projects) continue to progress. Whether the SP rerates now, or in ~4 weeks, or not for another 6 months is not something I can predict particularly well. But I can say that it ought to rerate at some point, provided progress continues to be made. So I will wait as patiently as I can until that day.
Thanks DVH... TW is always bullish about KEFI and had been for a while.. I will believe it when I see the RNS.. :)
TW is so bullish after the latest update (and contact with HAA)
'As such, we continue to consider that this a gold tip of the year from just below a 0.70p share price to double and quite possibly much much more this year. As more announcements come forth in the coming weeks we expect a rapid rerate: STRONG BUY.'
Electric - lets say that share price moves when the market decides. Based on last 8 years of experience in kefi, share price is unlikely to go anywhere without full finance package sign off. For anything positive, we need the finance final sign off and the ability to drawdown. :) GL
It's anybody's guess really as to what will actually get the share price moving, but as the quote goes - in the short-term the market is a voting machine, but in the long-term it is a weighing machine. I'm as confident as I can be that the scales will begin to shift soon, regardless of what the short-term catalysts may or may not be.
I agree with Fantasy that we're waiting for the full and final approvals confirmed to get the share price moving.
Thereafter it will be a rollercoaster up until we are actually producing.
... no doubt the next month will be interesting!
"The big news that we’ve been waiting for is credit approval from the lead bank. We had that today" - Danners incorrect. Shareholders were waiting for the full and final approval from all parties.. not the bits and pieces..
May be go back and check the previous last 8 years of RNSs.. :)
Danners - looks like you have a great understanding of how HAA operates.. expectation from HAA was that we would have the finance sorted 5 years ago :) Dec-22, and then Jun-23, then to Oct-23, then to Dec-23 and now within 4 weeks.
Why do you think share price is where it is today, which is 0.62p? That is after earth shattering news of lead bank approval and the secondary bank approval due? Because with all the can kicking down exercise that HAA followed over the last 8 years, people have lost confidence in him.
Share price will go nowhere, unless the finance is sorted and bank in the account.. :) GL
ElectricLion ~
"It's in the hands of the bankers now, and has been for some time. Grow up."
That's a fact and HAA can only wait - the same as us!
Blaming HAA for delays is like blaming the weather girls for the weather!
Filter button working overtime - not interested in nonsense!
Sorry Rob; my error. Was too eager to spread the news. Also one month, not 4 weeks.
For clarity; HA exchanging emails with TW (who was made an insider- my impression is he was made an insider end of last week/earlier this week)
States; credit approval from the secondary bank is expected within a month.
I have not listened to TW either, but it is basic common sense that HAA can't RNS secondary bank approval within 4 weeks, because that is not a fact. It's his expectation, and if the banks take a bit longer that's tough luck.
He'd just be giving the moaners more ammunition if he guaranteed it within 4 weeks and it didn't happen. I would imagine there are also legal implications of saying things in RNSs, although I'm not sure of the specifics.
Fantasy;
Get a grip.
The big news that we’ve been waiting for is credit approval from the lead bank. We had that today
We now wait for credit al approval from secondary bank, anticipated within one month., which I have no doubt will be RNS’d. OK?
Thanks Danners so a key word “within”.
Fantasy now would you have preferred a jet lagged and distracted harry to do a rushed webinar from a hotel room?
Joking apart probably did need TW today to explain some things with most of kefi tied up at the Saudi conference.
Danners - simple question. HAA can inform that it will take 4 weeks to for credit sign off approval, but cannot RNS? Was this the same credit sign off approval we expected in Oct-23, delayed to Dec-23? and delayed further?
Rob;
HA/TW says secondary bank sign off within a month.
Fantasy.
Because the secondary bank hasn’t yet signed off credit approval.
When it has signed off credit approval, (anticipated time frame of 4 weeks), it can then, and only then be RNS’d