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Https://www.kefi-goldandcopper.com/files/announcements/kefi-circular-notice-of-agm-andproxy-19june24.pdf
The AGM will be held at 11:00 a.m. (EAT) (9:00 a.m. (BST)) on 22 July 2024 Menelik II Ave, Addis Ababa 1164, Ethiopia. A Webinar will be conducted for KEFI shareholders immediately following the AGM. This approach follows the Company’s recent poll of shareholders participating in the quarterly webinar, 75% of whom preferred not to physically attend the AGM and to have an on-line presentation. On the other hand, we have many planned shareholders and financiers of Ethiopian subsidiaries who plan to attend formal meetings in Ethiopia as part of launch preparations for the Tulu Kapi Gold Project. Therefore on this occasion, we have moved the AGM to Ethiopia to mark the importance of occasion.
It’s clear to me that the Ethipia government are pushing hard for the TK mine and also development of local capital market so will be supporting Kefi as much as possible in their endeavours. We have already seen evidence of that in how financing structure rules were changed benefitting Kefi.
In Saudi M S wants to diversify away from oil and mining will therefore be supported.
So I continue to hold a modest stake.
CrazyTowner,i am much in agreement with your sentiments,however we should also expect some very positive newsflow coming from Hawiah very soon which will prove up the modelling.And you never know harry could be landing some deals involving a JV partner.Allied Gold are actively seeking projects in this region for example and could well be prepared to pay a tidy sum to come aboard.
Crazytowner,i think those advisor shares you refer too are near to being clear now,one or two decent days volume should shift it,and once gone we could move quite nicely maybe even on the saudi drill update which is now due.
You are right, money could be made in other investments before production, or lost, or break even.
But at production ..... Kefis market cap won't be languishing around £40m and is more likely to be around the £300m (Possibly significantly higher).
Personally, I am happy holding as TK is brought into production, Harry brings in business value adding items (Dual Listing, Farm in etc.), Saudi is proved up and additional areas explored.
We would likely be North of 1p if wasnt for that dreadfully timed shares for fees RNS. But, it does give a taste of what could happen in the next 4 weeks and at full financial sign off
Simms45,i was actually thinking the same about Ethiopian investors,it is clear from what he said that work has already been done on this ,and he is hinting he has lots of investors waiting in the wings.We also need to give thought to what Allied Gold decide to do,i think they are eyeing us up for some sort of deal.
Harry not content with being the first cab off the rank in mining wants to also be a first mover in the Ethiopian stock exchange. If we can secure the finance by October and Kefi is riding above £100m market cap then Harry would be well positioned to do a placing in Ethiopia as part of the ESX launch in November. Given the clamour of local people to be part of this i suspect this would lead to a very healthy premium for Kerfi going into 2025. I suspect if Kefi confirms this then a lot of Ethiopian buyers will get in early in London so would make sense to green light this on or before we close the finance. Starting to look very promising but its not done until we get the cash in the bank.
Started: Hubstar, 17 Jun 2024 09:04
Last post: Hubstar, 18 Jun 2024 08:38
Robjm66,it was nice to see the company put out the figures yesterday on TK with the latest gold prices which equates to $1bn USD net cash flow to Kefi over the 8 years :-) and the possible seeking of a main listing in Saudi . Speaking of Saudi we are due shortly the latest drill results at Hawiah which will likely be a very good read.If we look at the bigger picture now there are large miners looking to get into both Ethiopia and Saudi Arabia,this means we are in the shop window for deals,joint ventures,or heaven forbid even a take over !
Things will hot up here very soon IMVHO
Https://newbusinessethiopia.com/mining/kefi-gold-releases-report-about-ethiopia-saudi-projects/
https://www.timesaerospace.aero/news/airports/ethiopian-inaugural-flight-lands-at-new-nekemte-gudina-tumsa-airport (should help kefi just fly out gold when producing)
https://eastleighvoice.co.ke/africa/51161/ethiopias-council-of-ministers-approves-key-banking-reforms
https://www.ft.com/content/8a3218a0-f02b-44ba-a669-c211eb113dfb (copper)
https://www.marketscreener.com/quote/stock/EAST-AFRICA-METALS-INC-49479164/news/East-Africa-Metals-Signs-Drilling-Contract-to-Initiate-the-Mato-Bula-Extension-Drill-Program-Targeti-46986646/ (Ethiopia mining)
https://myviewsonnews.net/ethiopia-gets-billion-dollar-success-in-coffee-exports/ (Ethiopia general)
https://www.miningweekly.com/article/chile-says-saudi-mining-minister-to-visit-lithium-expected-on-agenda-2024-06-18 (Saudi mining)
https://www.mining-technology.com/news/golden-mile-enters-deal/?cf-view (Copper)
Five,the idea of a change of broker and Nomad could be a good one,SP Angel appear to have done very little for Kefi if we are all honest.It is worth looking at a few snippets from today,note the £100m PA net cash flow to Kefi based on current gold and over 8 years that is near $1bn US Dollars :-)
In Ethiopia, with our partners and banks: our focus is now on successfully completing the Early Works at Tulu Kapi so that we can close the $320 million project finance package and launch Major Works in October 2024. Gold production would then commence in mid-2026. Tulu Kapi's projected net cash flow to KEFI's planned 80% beneficial interest is estimated at approximately £80 million per annum. At the current gold spot price of $2,346/ounce, KEFI's planned beneficial interest in the cash flow is estimated to be approximately £100 million per annum; and The end result will be the launch of Ethiopia's first industrial-scale mining project and its largest single export generator and, in so far as environmental, social and governance aspects are concerned, the project is designed to be in compliance with World Bank IFC Performance Standards, creating direct and indirect employment for 5,000 to 10,000 people. Our launch timing is fortuitously coinciding with the improved conditions in Ethiopia and the gold price reaching all-time highs and the S&P Global average analysts' long-term forecast now sitting at approximately $2,100/ounce on 30 May 2024. With a forecast All-in Sustaining Cost ("AISC") of approximately $900/ounce at that same gold price), Tulu Kapi's projected net cash flow to KEFI's planned 80% beneficial interest is estimated at approximately £80 million per annum. At current spot of $2,346/ounce, KEFI's planned beneficial interest in the cash flow is estimated to be approximately £100 million.
In Saudi Arabia, with our partner and bank: Jibal Qutman and Hawiah are enjoying very positive regulatory support as we assess the choices of development plans. Substantial drilling programmes at both projects over the past year have better defined the known Mineral Resources as well as discovering nearby deposits; and Given the expected expansion in resources, the ongoing development feasibility studies are focused on establishing the optimal start-up strategies and ultimate potential scale.
What do you guys think of a change of Nomad and Broker ?? i dont see if anything what the current arrangement has done for us.Would be far happier to see someone more pro-active and perhaps more experienced to reflect the strong position that Kefi now find themselves in.
PS - I really am warming to the idea of getting some sort of main market Saudi listing ,that is the arena where the regional money is and the matching appetite to invest.A Saudi Main listing of even just our Saudi assets would likely be worth more than double the current entire valuation of the whole company on Aim. Food for thought ??
NickE,the key point surely is that kefi have the "options at their discretion" ,there is no current urgent need for funds as they have just conducted a placing.However as i mentioned earlier when you are sitting on potentially more than $2bn of resources you have options on how to maximise value from the current lowly market cap.And also this can be done without being dilutive IMVHO. The other option could be a straightforward sale of say 15% to 20% of TK which is then added to the Saudi assets for say $100m ,this would enable a clear path for the future,pay shareholders a nice dividend,retain a huge percentage of TK,and have free funds to purse growth and even new assets.
Started: GordomRamsMe, 17 Jun 2024 07:27
Last post: NickE, 17 Jun 2024 09:23
Rob, I agree that the best scenario by far would be a dual listing in Saudi. HAA did rule it out a few months back referencing that no junior miner was listed there amongst other unspecified complication issues. He also mentioned that it would be much easier to list in Ethiopia and the relevant body for the new exchange and even asked Kefi if they would list.
I wonder if he is revisiting the potential for a Saudi listing via GMCO. The issue will be that there will have to be some stock made available for an IPO and how much would both Kefi and ARTAR have to relinquish to satisfy the market requirements for free float? Secondly, is ARTAR willing to go down that route?
It would be easier if Kefi listed itself and almost certainly the dilution would be well worth it for shareholders given it would resolve funding issues and the stock would get a significant re-rating. Given the wording that the structure of GMCO is being appraised for mutual benefit, that does perhaps imply a GMCO potential listing. That would be a game-changer if that happens. I don't see a farm-out for TK until funding is formalised as anticipated in September as Kefi wouldn't get an optimum price right now, but that would also resolve funding issues.
HAA can either step up or he can leave.. :)
Hubster while I can see how kefis share price should naturally narrow the gap over time sometimes you have to throw the market and shorter term investors/traders some red meat which is best done in my view by a Saudi Dual listing seeing what happened with Amak.
Think Harrys mindset is bit old fashioned and often gives the impressn he does not understand the traders or want to understand them. Its one of the reasons the share price has such a big disconnect to kefi underlying assets. Most people here are here to make money when Harry thinks he is here to build mines.
Its Ironic that now Harry will have to step up and do some deals and get some headlines so Kefi can transition to a Mid cap miner.
Robjm, kefi have already just had a fundraise,the intention to list primarily the Saudi assets in Saudi is a very good one ,as we just seen when compared to AMAK who have similar resources ( maybe even less ) but have a $1.5bn+ market cap.And there is a big appetite for investment in the region :-) I like this from todays statement :
Our progress was historically impeded by the political reforms and ensuing conflicts in Ethiopia as well as the suspension of granting EL's for some years pending Saudi Arabia's sweeping deregulation. However, that is now history and our operating environment has indeed turned for the better in both countries and we can now progress on all fronts.
Our reported Mineral Resources provide a solid starting position for growth. Since mid-2020, KEFI's beneficial interest in the in-situ metal content of our three projects has grown from 1.2 million gold-equivalent ounces to approximately 2.1 million gold-equivalent ounces. KEFI's current market capitalisation of c.£40 ($50) million equates to only $24 per gold-equivalent ounce and a fraction of the equity valuation applied in the past year at the operating-company levels in our local partnerships' transactions. The shareholders' agreements for both TKGM and GMCO apply equity earn-in and dilution formulas that imply c.$200 million for KEFI's beneficial interest therein.KEFI's targeted beneficial interest in Tulu Kapi has an NPV of £449 million (US$571 million) (NPV and the other preliminary value indicators defined in footnote on page 8). This valuation indicator is approximately 11 times KEFI's current share market capitalisation of c. £40 million (US$50 million). The Directors consider this a conventional industry measure of potential value once the projects have been successively de-risked.Going forward, one would normally expect that as milestones are achieved, the Company's share price should naturally narrow the gap between the Company's market capitalisation and what we believe to be the significantly higher fundamental valuations of the Company's projects using conventional measures such as NPV for the more advanced projects and, for the less advanced, say $1,500 per ounce projected annual production or $80/ounce of resource.
Rob I'm sure a AGM is ment to be a meeting for shareholders to put their thoughts across about the future of their business
Last post: Robjm66, 17 Jun 2024 08:17
Kefi Going to have to partner up think the the two most likely partners are Ivanhoe and Allied gold.
Another similar project has also recently been launched in Ethiopia by Canadian company Allied Gold and local conglomerate MIDRC has two less advanced similar-scale projects. The sector is coming alive.
Africa's next senior gold producer
Recent Vid
https://www.youtube.com/watch?v=xdL3B43C2G4 Allied gold
Hawiah plus its satellite discoveries Al Godeyer and Abu Salal. We consider it likely that a cluster of VMS deposits will be identified as we progress. The district has also recently attracted extensive pegging by the exploration joint venture of Government-controlled Ma’aden and Ivanhoe Electric.
Recent exploration has discovered two potential satellite orebodies near the proposed Hawiah processing plant. The nearby Al Godeyer deposit was discovered in 2022 and an initial MRE was estimated in 2023. Drilling at Abu Salal, approximately 50km south of Hawiah, intercepted sulphide mineralisation containing copper, gold, zinc and silver in multiple horizons in early 2024.
Over the coming year, Hawiah development studies will be progressed in conjunction with drilling programmes to upgrade and expand the GMCO’s copper-gold Mineral Resources in this major VMS district.
Systematic exploration is ongoing across the three contiguous Jibal Qutman Exploration Licences (“EL’s”) to confirm structural controls on recently identified higher-grade gold mineralisation and identify further resource potential. Previous exploration primarily focused on an 8km long section of the original Jibal Qutman EL. The full 35km mineralised strike length is now being tested.
Simultaneous with the triggering of full development at Tulu Kapi, we intend to re-commence exploration programmes in Ethiopia and intensify our exploration program in Saudi Arabia. In Ethiopia, the initial focus will be below the planned open pit where we already have established an initial resource for underground mining at an average grade of 5.7g/t gold. We also intend to follow-up drilling which indicated good potential for nearby satellite gold deposits in the Tulu Kapi District. In Saudi Arabia, further drilling is being undertaken during 2024, in particular for satellite deposits near Hawiah and Jibal Qutman.
Director rotation is totally normal in every company, I've no issues with that.
It sounds like HAA is actively considering Dual-listing now, I guess this wouldn't be on the table unless there was high-confidence in TK progressing:
"A structural aspect being addressed is to consider the costs and benefits of seeking a dual-listing of the parent or appropriate other group company in a larger international stock market for mining or in one of the new and more buoyant stock markets in our region. "
Sure is!!
Kefi Gold and Copper - Results for the year ended 31 December 2023 #KEFI @kefiminerals
https://www.voxmarkets.co.uk/rns/announcement/e0f9d778-a7c6-4ba4-b2e3-4e3447263d57 #voxmarkets
Director leaving AGM in ethiopia
Harry why don't you want to talk directly to your shareholders
All looking extremely positive......
Started: manu17, 17 Jun 2024 07:57
Last post: Luthee, 17 Jun 2024 08:03
Oh dear. Zero share 17 - still typing same garbage!
Any money come in yet ?
Has anything been signed yet?
Oh dear.
Started: Whywastetime, 14 Jun 2024 12:20
Last post: Hubstar, 16 Jun 2024 10:43
My main focus at the moment is the TK project which has now launched,the recent regulatory changes to the banking system in Ethiopia and the govt decision to allow offshore investing into mining sector have been a game changer for foreign investment into the country.The big miners are now eyeing Ethiopia as one of the new big opportunities in the sector,even the Saudi,s have just inked a deal with the country for close business ties and investment.With Net Cash Flow for Kefi over the 8 years forecast to be nearing $1bn ( if gold stays above $2.200/oz ) it is clear to see why the shares will get a huge re-rating.Kefi have 80% of TK currently :-)
In terms of Saudi Arabia,the potential is there for it to be a future $1bn asset portfolio,of the licences that have been explored so far the indications are very positive.Yes Kefi have a lower percentage ( 25%) of this but they also do not bear the bulk of the costs so it would not be too shabby if Kefi were to retain that 25% or 20% of a future $1bn+ asset portfolio that could turn into one of the biggest resources in the country .Hawiah is already stated as 3rd biggest and work will begin shortly on preparing a DFS .Jibal Qutman is already a 28.4 Mt resource with a DFS,and there are also a handful of other licences in the portfolio that could also host large resources.Kefi could self fund much of its share of future work with revenue from Tk.Big miners are also eyeing Saudi as a new hotzone and money will be flowing into the sector,as such i would expect major interest and potential deals involving our asset portfolio.Again the timing could be perfect here.
In terms of valuations : in a recent presentation it was stated that Tulu Kapi is worth 7.8p per Kefi share ( post tax ) based on Gold $2.166 /oz with an estimated net cash flow of $118m Per Annum for 8 years. Beneficial Interest of circa 80%.
Saudi Arabia : Current baseline Indicative value based on $1500/oz Gold is 1.2p per Kefi share. Beneficial interest of circa 25% .All projects currently being assessed ,indications of significant upgrades of resources across the portfolio .Hawiah VMS Project Resource of 29Mt at 0.89% copper, 0.94% zinc, 0.67g/t gold and 10.1g/t silver, Further near-term resource expansion – Al Godeyer, Crossroad Extension deeps and Central Zone. Recent additional discovery at Abu Salal .Hawiah now ranks as one of the top 3 base metal projects in Saudi Arabia.
Comparitive : AMAK are listed in Saudi Arabia with a market cap of $1.5bn + , Al Masane mineral resources of 8.6Mt @ 1.0% Cu, 5.0% Zn, 1.0g/t Au, 38g/t Ag -0.8Mtpa Operating. Jabal Guyan mineral resources of 2.6Mt @ 2.9g/t Au, 242 Koz - 0.3Mtpa Operating.
GMCO ( Kefi ) Hawiah VMS - 29Mt @ 0.89% Cu, 0.94% Zn, 0.7g/t Au, 10g/t Ag - 2.0Mtpa PFS. Jibal Qutman - 28.4Mt @ 0.8g/t Au, 733Koz Au - 2.0Mtpa DFS.
Saudi Assets are worthless? Absolute tripe!
I'm content to wait and see how it turns out SB, thanks all the same.
What you all seem to be missing is that the Saudi assets are worthless to Kefi.
Artar bought 2% of the JV for a few hundred grand a couple of months ago - Kefi only have 25% now which is worth circa £10m - and they owe £5m of that to Artar !
Started: Hubstar, 14 Jun 2024 09:11
Last post: Hubstar, 14 Jun 2024 11:27
Robjm, i should also add that in my opinion Kefi would not have been able or indeed allowed to officially launch TK without the approval of ALL the involved parties and that includes the "second bank" , so what we should deduce from this situation is that things are very much on-track and that the recent changes in Ethiopia regarding allowing "offshore investing" is perhaps what that second bank was waiting for...not least because it would likely save them millions in future tax.These are all my own thoughts of course but it does all tie together with the news of te "offshore" and our timelines.So in terms of what we should expect to happen from here,i see really good and positive things about to start.
Robjm,an interesting and thoughtful post,especially your mention of Artar and Ivanhoe,i think even our chairman himself said recently he has many proposals on the table.My gut instinct based on the chairman,s recent comment about "building a business" though is that he will land an investor that will perhaps come aboard both the key assets,not just TK.I gave an example of a wealthy Saudi based investor that would have much synergy if the investment was in TK and then also into our Saudi portfolio of assets.That is the area of the world where there is a great appetite and also what seem limitless funds for our type of projects.For that reason i think Kefi will soon be transformed with a wealthy partner that wants to take part in the growth story of Kefi.For us shareholders i can see hefty dividends and a substancial re-rating of the shares in clear sight now.
We are very close to news now IMVHO
Hubstar Well company has a lot of cards to play now so looking at it from a JV partner perspective in Ethiopia you might wait a month to see things going smoothly with Early works then make some kind of play or at end of Early works.
A possible JV or farm in Saudi could happen any time though the chances will increase the more discoveries the company makes there and with resource increases. If Kefi hits the 100 million dollar market Cap (which is only slightly over a doubling of the present share price) could be a in play as a takeover target especially in Saudi. Might even have Artar step in to buy kefi out to avoid it being taken over at some stage assuming they do not want that to happen though they might be comfortable with some kind of tie up with Ivanhoe.
Robjm,those recent changes in Ethiopia i referred to have now made the country one of the most attractive destinations for investments.The timing could not be better for Kefi,it would not suprise me if we now attract some big names and very deep pockets into our key assets,and why not with so much near term returns on offer.
This will be in play bigtime soon IMO
No problem DVH.
Last post: UPshunt, 14 Jun 2024 09:03
Think that is an updated slide on Google maps of TK with the land looking greener as no earth works are taking place.
Lots of trees will need taking out, can we sell the wood and make a bit of an income to cover costs?
Started: Robjm66, 13 Jun 2024 08:02
Last post: Robjm66, 14 Jun 2024 08:57
Https://www.bnnbloomberg.ca/ipos-proving-to-be-june-s-blockbuster-attraction-in-saudi-arabia-1.2084796
Saudi Arabia has encouraged companies to go public to grow its exchange and attract investors. These listings are typically met with massive demand, regardless of their size. But smaller share sales seem to be doing particularly well.
Saudi Manpower drew orders worth 115 billion riyals ($30.6 billion), or 128 times more than the shares available to fund managers. Rasan, one of the first fintech firms to go public in Riyadh, fielded 108.6 billion riyals of demand for its 841 million riyal initial public offering, while water treatment firm Miahona’s listing was covered 170 times by investors.
“Most of the IPOs were small and well priced, thereby attracting investor interest,” said Faisal Hasan, chief investment officer at Al Mal Capital. “We will see more activity post Eid,” he said, referring to the period following next week’s exchange shutdown for a holiday.
https://www.fanabc.com/english/austrian-business-delegation-to-visit-ethiopia-in-october/ (Ethiopia mining)
https://kitco.com/news/article/2024-06-13/saudi-arabia-ends-petrodollar-agreement-what-it-means-usd-bitcoin-and-gold (Gold)
https://www.al-monitor.com/originals/2024/06/saudi-arabia-holds-investment-summit-brazil-plans-invest-15b
https://www.mining.com/ivanhoe-electric-refutes-maaden-share-sale-claims/ (Saudi mining)
https://www.bizcommunity.com/article/compcom-approves-rosond-holdings-deal-days-after-saudi-expansion-670261a# (Saudi mining)
https://www.zawya.com/en/world/africa/zambia-to-set-up-mineral-investment-and-trading-unit-jc7012s8 (African mining)
https://www.spa.gov.sa/en/N2122049 (Saudi mining)
Robjm66 - cheers for the links in previous post earlier :-) we are very close to that update on Saudi now and i would say within a few trading days.Harry may just have some very good news for us IMO.
Shalmar,that is pure speculation about MIDAS,although i do agree we are the classic type of situation here at kefi now so close to transformation that they would perhaps highlight.
PS - I would not be suprised if Kefi issue that Saudi Update tomorrow or early next week and it should be very positive.
Just seen over at adv..fn an interesting post suggesting Kefi could be soon featured in the Sunday Midas feature.Is a well followed publication so will be good to get some decent PR.
Robjm66, yes they concluded the drills around the 2nd of June so i would expect around two weeks to get the results,we know from that GMCO post the other day that they appear bullish.My guess is these results are going to be far better than expected ( and the expectation was high ) . So in theory that update could land anytime from now ,however as i discussed the other day there is a chance that Kefi have been talking to some wealthy potential Saudi based investors who not only could come into our Saudi assets but also TK too.
They would see much value here and they could be part of the two new hottest mining areas in the world in a first mover advantage sense. It will happen IMVHO. TK alone could propel us to around 4p ,if we add in the Saudi assets there is much optimism that Kefi could soon be a mid tier miner offering decent dividends.Would the Saudi money men really not be interested?? i say standby for some exciting news on both fronts. If we announce the Saudi drill results alongside news of that new investor we will attract many many eyes !
Still one of the strongest buys in Junior Gold IMO
Started: diggit1gold, 12 Jun 2024 09:23
Last post: dvharrison, 12 Jun 2024 10:11
We're already a third of the way through the '60 days' following TK project launch for 'final' comitment of funds by all parties. In the meantime an update from Saudi would not go amiss...
I'd hazard a guess that there are hordes of sideliners just a waitin' on that final final final signing off on the full finance being conclusively sorted before jumping in. Anyway i'm going to bag me some more today. Ave of 0.645p so not too bothered about miniscule variations in price at this time. :o).
Started: Nomadme, 10 Jun 2024 16:00
Last post: MasterRSI, 11 Jun 2024 23:58
I di put a limit at 0.66p yesterday for a top up, and at one time while I was away I got it at 0.65p 297,200
I Was in these sometime ago and sold via stop loss, shares went down due to political situation at the time but KEFI is starting to look interesting lots of things happening in the background me thinks.
A good time to be back in I hope 😊
Started: Bear666, 11 Jun 2024 07:27
Last post: Robjm66, 11 Jun 2024 08:01
Https://www.arabnews.com/node/2527636/business-economy suadi mining
MineHutte, an independent research and consultancy firm based in England, has stated that the Kingdom has also been ranked the second-best country globally for its licensing environment.
https://www.argaam.com/en/article/articledetail/id/1734253 saudi mining
https://www.saudigazette.com.sa/article/643476/SAUDI-ARABIA/World-Risk-Report-2023-recognizes-Saudi-Arabia-for-exceptional-mining-investment-environment
https://www.leaders-mena.com/mining-sector-accelerates-saudi-arabias-bold-economic-vision/
https://www.fanabc.com/english/finance-ministers-of-ethiopia-qatar-discuss-cooperation-and-investment-opportunities/ (Ethiopia investments)
https://www.bloomberg.com/news/newsletters/2024-06-10/copper-miners-gun-for-share-of-windfall-in-chile?srnd=homepage-canada
https://addisstandard.com/a-new-dawn-ethiopia-gears-up-for-economic-leap-with-first-ever-stock-exchange/
Started: robbieishere, 8 Jun 2024 15:23
Last post: butch123, 10 Jun 2024 14:45
Thanks, Master RSI.
>>>Butch123 "Master RSI, is the chart looking positive?."
After the slow rise of the last few days, today's big rise in volume is right to keep moving higher, The Indicators are also rising from the oversold territory.
https://i.postimg.cc/QxVdjmJ8/big.gif
Five its a very common occurrence unfortunately always some poor person stuck on the spike, before the speeding ticket is given
Yes busymum i am aware of that and i am not shocked in the slightest,many would have made a few bob either side of the pump and also the dump and then rinse repeat on auto cycle.
But with Kefi once we have those advisors shares cleared we will be back in the momentum swings :-)
Five have you seen the RNS on EUA the price has crashed, so am happy for the little risers with no spikes here, and news when it comes
Started: deedee1, 8 Jun 2024 15:41
Last post: deedee1, 8 Jun 2024 15:41
I know it's only the science and technology museum:+) but, it goes to show Saudi is looking to make investment in Ethiopia now things have settled down, news next week maybe good luck everyone
Started: deedee1, 8 Jun 2024 11:58
Last post: FiveCandles, 8 Jun 2024 12:41
Nice piece of timely news :-) there is no doubt that everything is being put in place to make Ethiopia one of the hottest destinations for investment now.And with the position that Kefi is in now this only makes the shares a more compelling buy IMVHO.There have been rumours before that the Saudi money could come into Kefi and if this is true we should standby for some real fireworks here given the pending newsflow we have.Could it be possible that we may soon have a large wealthy Saudi investor at both TK and our Saudi operations ? Timing is perfect if this is what Harry has been working on behind the scenes.
Gov’t on brink of IMF agreement, sources disclose
National Bank Governor Mamo Mihretu has offered a rare pledge for ‘preferential treatment’ to Saudi Arabian nationals eyeing investments in Ethiopia.
The Governor made the pledge during a speech to a delegation of 79 Saudi investors and Chamber of Commerce representatives at the Addis Ababa Science and Technology Museum on June 5, 2024.
Started: dvharrison, 8 Jun 2024 09:16
Last post: dvharrison, 8 Jun 2024 09:16
Must be just around the corner as we had 3 '1' trades yesterday afternoon! lol
HtTps://www.msn.com/en-xl/africa/top-stories/saudi-investors-impressed-by-ethiopia-s-business-climate/ar-BB1nM1Cm?apiversion=v2&noservercache=1&domshim=1&renderwebcomponents=1&wcseo=1&batchservertelemetry=1&noservertelemetry=1
htTps://www.atlanticcouncil.org/blogs/africasource/increasing-investment-in-african-mining-should-be-a-higher-priority-for-the-united-states/ (Africa mining)
htTps://africanminingmarket.com/kobold-could-spend-over-usd2-billion-on-giant-copper-mine-in-zambia/18688/ (copper mining)
htTps://ebc.et/english/newsdetails.aspx?newsid=6890 (Ethiopia general)
htTps://africafinancecorporation.africa-newsroom.com/press/africa-finance-corporation-afc-receives-top-accolades-at-europe-middle-east-and-africa-emea-finance-achievement-awards?lang=en (AFC)
htTps://thewest.com.au/business/bulls-n-bears/bright-lights-of-saudi-arabia-attract-surefire-attention-c-14942889 (Saudi mining)
htTps://www.fanabc.com/english/ethiopia-sees-surge-in-foreign-investment-interest-mfa61400-2/
Sold "When it was up 20% today. Will buy back again if it should drop tomorrow as AIM stuff often does." Well its down 17% since I wrote that on the 20th May. Today when it was announced that The Chinese government bank has not bought any bullion in May. One has to wonder what a miner that has not produced any Gold as yet how its share price will behave; it may prove to be a record breaker, but must remain as a small punt to the cautious.
Started: busymumof3, 6 Jun 2024 09:43
Last post: thomascromwell, 7 Jun 2024 20:34
the chemical industry runs britain, we have food that is impregnated with pesticides, and the natural world in the uk is ****ed. our children are suffering from ailments due to the use of these chemicals, autism, etc due to the growing problem of lack of regulation and competent oversight that any of the puerile parties at westminster understand.
And dvh you would have said that every year for the last, I dunno, 10 years?
Amazed you mugs still haven't worked out this is just a lifestyle grift for Harry.
Still, no doubt the sign off is only a matter of weeks away. Which you would also have said, I dunno, a year ago?
Hubstar lets see who has sticky hands over the next few days there has been no problem getting a dummy sell for 4mil
Busymum,yes it was getting perky into the close today which sets us up nicely for next week.Aside from our expected TK news i think we are also due an update on the Saudi operations,so next few weeks could be lively IMVHO
Five investors are looking for the next rise, and KEFI could just be it :-)
Started: Luthee, 7 Jun 2024 16:29
Last post: Luthee, 7 Jun 2024 16:29
Get out more chaps......o/..
Started: Hubstar, 6 Jun 2024 15:20
Last post: Hubstar, 7 Jun 2024 09:24
Further to the Saudi / Ethiopia business news yesterday ,my view is it has surely increased the possibilty that Kefi could have a key investor involved in both countries now.The situation is now looking somewhat compelling given the huge increase in the Gold spot price since the project modelling was conducted.
There is no lack of appetite in the Saudi region for large long term investments :-)
There is some superb news out today on Saudi Arabia establishing a joint business council with Ethiopia :-) also there has been a similar deal with singapore in recent days.Ethiopia is open for business and the resources sector is set to attract major foreign investment.Super news for the likes of Kefi .
w ww.zawya.com/en/economy/gcc/saudi-arabia-ethiopia-establish-joint-business-council-sm6wwdy2
The signing ceremony took place today at the Ethio-Saudi Investment and Trade Forum in Addis Ababa. It was attended by Chairman of the Federation of Saudi Chambers Hassan Al-Huwaizi, more than 250 investors, Ethiopian ministers, officials, and representatives of government and private agencies from both countries.The forum discussed investment opportunities, advantages, and incentives in Ethiopia, particularly in industrial areas, agriculture, energy, and other economic sectors, which are areas of common interest for both sides.
Started: robbieishere, 6 Jun 2024 06:19
Last post: Hubstar, 6 Jun 2024 13:11
Indeed would make alot of sense,would also make sense for Kefi to put the Saudi update out too :-)
This news today is significant for confidence in investing in Ethiopia,the mining big boys will be keenly looking for access IMVHO
The concept of Saudi investing in TK knowing that the cash will find its way back into developing the Saudi assets may be very appealing
And a 40K+ buy just shown up !
Busymum, i always keep feet on ground when investing ,in the case of Kefi though i am highly encouraged by recent news items and this news today about the Saudi Arabia investing into Ethiopia just makes me more confident here. Like i said if they seeking near term returns in mining then TK would be perhaps top of the wishlist.Harry could easily get a huge sum for say 20% to 25% of TK and offer shareholders a very juicy special dividend,and still retain a huge 50% + of TK and keep some cash in the coffers for other projects.
Its game on here now IMVHO
No doubt in my mind that the macro environment is definitely moving in our favour. Let's just hope that we have no last minute hitches during the early works phase of the TK project....
Started: Hubstar, 5 Jun 2024 15:39
Last post: Hubstar, 5 Jun 2024 15:39
After much waiting and many ups and downs i believe Kefi are now on the very cusp of success, the TK project alone should re-rate this to at least 4p+ ,let alone the fantastic Saudi assets. The CEO was very clear in the latest video that everything is now coming together and all parties involved want TK up and running as quick as possible.He also mentioned that the Geo politics are now very favourable and also the bullish gold price enviroment just makes this project even more compelling.
We are in a situation now where he could drop that RNS at any moment on the second bank and the SP will change in a heartbeat. For what its worth i think Harry deserves great credit for getting Kefi to this point at TK with still a huge percentage of the asset.For a small company like this that takes some doing in current and recent junior market conditions. Very close indeed now IMVHO
Started: diggit1gold, 5 Jun 2024 09:43
Last post: dvharrison, 5 Jun 2024 12:03
Ah, wondered who today's 'green box' related to lol. Life is too short to read his negative and bitter (ex loss making holder!) comments. Anyway, where is the Saudi update TW said was imminent?
Stockready makes wild unfounded unsubstantiated negative claims and professes them to be FACT, when in fact they are just his usual daft opinions. Not worth the effort of saying any more. :o).
Started: Stockready1, 3 Jun 2024 12:48
Last post: Qnard, 5 Jun 2024 09:46
I'd go the old fashioned route and put a brick in the sack and drop it off a bridge...
Have you notice - stockready - has negative comments all the time... https://www.lse.co.uk/profiles/stockready1/
Maybe after all he is the "cat" and now it needs to be put in the sack, and sold to the Chinese so they can skin it for a "ready" "stock" soup.
You get parody accounts on Twitter maybe Stockready is one of those and we are not supposed to take anything he says seriously.
Do my research everyday. For those starting out though general trends they might like to look at are all the mining companies rushing to invest in the mining sector in Saudi the number of mining companies that are competing for every licence area there, that Suadi are offering a slew of benefits to mining companies that are probably amongst the best or the best in the world, the lack of exploration in modern times compared to the potential of the geology the massive mining conference they are having now and the success of ipo in recent years in the region, how they are now reaching out to other countries to do mining deals and are due to their low energy costs now getting into processing ores amongst other factors.
Daily Saudi update.
https://www.fanabc.com/english/a-high-level-saudi-business-delegation-begins-visit-to-ethiopia-today/
The relevant government stakeholders have finalized preparation to enable the delegation explore the opportunities in agriculture, mining, tourism, energy, transport, logistics and other key economic spheres.
https://www.arabnews.com/node/2523556/amp (Saudi mining)
https://www.bnnbloomberg.ca/doctor-s-sons-turn-billionaires-as-saudi-ipos-mint-new-fortunes-1.2080706 (Saudi ipos)
Ready1 - the golfers and footballers playing in Saudi (via LIV etc.) should all come home too then!
And the World Cup coming up there should be cancelled?
Kefi is in Saudi to make a lot of money (and they will) , simple