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Ben.Agreed. A very good post with some good points.This will be worth much more once the markets realise this is actually going to happen.I think we will look back in future years to the present s.p. and not believe it was at this price.Very confident.
Completely agree Ben! Good luck to us all..
Exactly Mitch - there is no doubt had a company with more trusted management , who had a track record of delivery, the share price would already be far higher than it currently is, even without funding. The market simply does not trust Harry et al.
The good news for shareholders is that IF he actually delivers this time and the runes appear to suggest he will (share options, lack of delay RNS etc) - then the share price will benefit not just from the value fundamentals which are large but from the increased credibility that will engender. I'm expecting short term increases (IF HE DELIVERS) to be two to three times the current price with longer term increases as more deadlines hit
Lol Steve! Great to see phase 3 drilling roll straight into phase 4 drilling. Didn't HA say the Saudi partners are pushing and are more concerned about Kefi keeping up the pace? So good to see a timetable emerging to progress to mining at Hawiah. Seems asfast as it can be to me.
Some impressive drilling results, particularly gold and copper levels and potentially much more to come. Market reaction....a price drop....there is doubt that kefi has the substance to exploit what it has. The track record of the company and its management suggests that is so.
>> Tulu Kapi mining licence was granted in 2015. Tulu Kapi into full production in 2023 (hopefully!) so that's 8 years after the licence was issued. So basically Hawiah is probably up to a decade away from production
I assume your 10 year estimate includes another global pandemic plus a war and three states of emergency in Saudi Arabia, plus Saudi suddenly experiencing Africa levels of political uncertainty and risk.
“Let's be realistic regarding Hawiah” New mining rules bought in in January Saudi wants to diversify away from oil, Kefi has to only find a tiny percentage of the money to build a mine being the junior partner and “Development projects in Saudi Arabia have the potential to benefit from attractive financing terms from the Saudi Industrial Development Fund (SIDF), a quasi-state entity, which has the potential to provide circa 75% of the capital for mining projects on very attractive financing terms.”
“The Project team recently welcomed visitors and inspectors from both the [define DMMR] (DMMR) and the local government to the Hawiah site for a successful site overview and Project development meeting.”
“In preparation for the PFS, the first stages of the environmental monitoring programme and geohydrological studies have been initiated. These programmes will continue in tandem with the rest of the Project development to ensure a baseline is established and all regulatory requirements are met, with the intention being to complete the PFS by Q2 2022, ahead of a mining licence application”
In answer to previous comment about chunks of RNS sometimes you have to spell it out for people,in this case otherwise they come out with comments like “Hawiah is ten years away from production” the muted response is nothing to do with Hawiah but dissatisfaction over delay over update on TK.
This news actually has the potential to help TK get over the line as the big companies in the consortium could well be more interested in the Hawiah and the Saudi prospects anyway and see TK deal as an entry to tie into Kefi then Saudi.
You are forgetting Matt that TK is based in Africa, a place well known for delays and not puling their finger out. Saudi is run by a family and I suspect they will do whatever it takes to hurry things through - they seriously want to move away from oil as their main revenue.
Pennysworth, DVH - spot on with your assessment.. Hawiah and SA assets are huge.
Open at depth - it is not the end, there is more to find.. Phase 4 drilling is looking at 5% copper; anything with 1-2% copper is considered as very good. Copper, gold, silver and Zinc - decent grades so far.
PFS has commenced and to be completed by Q2 2022.. Phase 4 drilling will help with PFS.. You could call Hawiah is fast tracked compared to TK/Ethiopia development.
Mineral Resource update in Q3 2021
Potential new exploration licence (KEFI is optimistically cautious) it will be in the coming months..
It is looking like, development of Hawaih and SA assets will be much quicker than Ethiopia
I see this RNS as good news.. happy with the update and progress.. GLA
Now lets get the TK funding news out.. :)
Let's be realistic regarding Hawiah - mining licence application targeted for mid-2022. Tulu Kapi mining licence was granted in 2015. Tulu Kapi into full production in 2023 (hopefully!) so that's 8 years after the licence was issued. So basically Hawiah is probably up to a decade away from production. I'm not waiting 10 years for that one, the market agrees going by the muted response so far today...
This is the icing on the cake for potential investors.
An updated potential yield is a massive sweetener.
The funding update will surely follow, and with it uptick in sp.
tintin, we're all sitting patiently waiting for the TK funding RNS but doesn't stop me (re) reading today's RNS and dreaming of the creation of a monster resource in SA!
The market disagrees - would rather have funding first - but great rns - it will add to the Booom when the funding rns turns up
Personally this is the sequence I was waiting for. Saudi update first to get a much better SP platform followed by the TK finance closure
Definitely! Updating on Saudi at this stage without announcing a potential delay in TK would be clearly misleading the market
Well, we're still waiting for the TK funding closure but what an hors d'oeuvres (which will become the main course in the fullness of time imo)!
Any significant delays in TK funding closure would have been in this RNS imo