Member Info for Fingersandtoes

Hey - this could be good news for us so long as the ratification of our licence is in the current list of things to be dealt with by Parliament before the Christmas break:
The Speaker of Parliament Professor Aaron Mike Oquaye, has said the House will not adjourn sine die for the Christmas break, until all businesses before it are concluded.
https://allafrica.com/stories/201912160291.html

What we need is a Twitter leak that a Sheik is going to arrange a meeting in Dubai on Sunday to sign off the Ratification with the government -:)

The chart for this is getting stronger and stronger - not that a chart should drive the SP (for some reason it seems to a lot) - next stop is 1.35 then 2.235 then 3.3p and then who knows

Hey Skelley - I think it will continue to be a roller coaster until some definite news appears. The charts look good for continuing the climb upwards. When Springfield’s licence was agreed it took about a year and a half to be ratified by parliament and we are about there now based on what was agreed in 2018 I think. There may be an influence on the sp depending on what Pet does - if Pet were to make a bid for clon so that they could own most of the shared Ghana licence then they would have to offer us a very good price in cash or shares. It would be very nice if the 2!billionaires who invested in Pet would also invest in Clon. -:) good luck to us all next week

Tradingview moved from Buy to Strong Buy recommendation

https://www.tradingview.com/symbols/LSE-CLON/

That would be one of the best spikes ever. The Clon chart is looking very good.

pet also on the rise - interesting that pet rose more than clon yesterday and yet more money was traded in clon

I wonder if it is the Pet Shop Boys loading up so they have a larger percent of our licence -:)

I wonder if the rise today in PET and CLON was partly due to this news where Springfield's Oil find has doubled and it is in around the same area as our licence (waiting to be ratified?)

https://www.spglobal.com/platts/en/market-insights/latest-news/oil/121119-springfield-flags-significant-oil-find-offshore-ghana

From a chart perspective it is looking very good - next leg up after 1.2 is at 1.35, then 2.325 and then 3.3

bonker99 dot com and then /chartpictures?chart=CLON

Yes - excellent news indeed - think the area that would cover us would be pillar 3) strengthen domestic revenue mobilization and expenditure efficiency to create space for adequate poverty-reducing and essential infrastructure spending;

As our project will be the largest revenue generator for Ethiopia then the creation of the infrastructure to make it happen and provide jobs will be very important.

With the article mentioning the IMF, the ECF and the EFF it only needed a K to add the KEFI -:)

Dsrt2012 - only posted this new one as it had stated where the surveying will be carried out (the last one did not) and it is in the Arabian Shield and our licence is in that area. I wonder if Kefi and it's SA partner will be interested in any further licences from this or if we will just concentrate on what we have. Also, not sure if what the survey will show for our area that we have not got already. But just shows how much SA is putting into this and their hope that serious mining companies will invest.

Saudi Arabia to launch major seismic survey project in the Arabian Shield area - our licence is in the south west of the Arabian Shield. SA will spend £400M on this. https://zawya.com/mena/en/business/story/Saudi_Arabia_to_launch_major_seismic_survey_project-SNG_161803562/

how many aliases will Aston make - looks like he made another one

'The government plans to conduct a 2-billion riyal ($533 million) geological survey next year to encourage investment in the “totally untapped” mining sector, he said. It’s also at the final stage of drafting new legislation and policies for the industry, he said.'

If we can just have a small slice of that please? There seems to be no end of funds heading into the SA mining sector - which can only be good news for Kefi
https://www.worldoil.com/news/2019/12/10/saudi-arabia-is-reviewing-its-plan-for-energy-subsidy-cuts

Thanks smacks - if this takes off as we hope then I may put some effort into creating a BLOG so that everyone can see the background and the assets in one place like the BMN group have done in the past. But I will wait until a bit more progress is made/news announced.

SteveE60, I have been here for a few months and have researched it as best I can. There is a long history to Kefi and Harry (The MD). You can get a good summary by watching Harry's presentation from October 2019 on Youtube. In short there have been delays due to State of Emergency in 2017 and issue with funding. Just over the last few months there has been much progress with Ethiopia in terms of funding and hopefully by Jan 2020 we will start the building of the mine. In Saudi drilling commenced and the results look 'encouraging' - we are waiting for the Gold results and assays from a number of holes.

In Ethiopia we have spent our share of the costs (mostly) and it's now up the other partners (including the Gov) to stump up their money and we are hoping that this will happen very soon. It Saudi we are a partner with a Saudi company.

The resources in Ethiopia are c1M Oz gold and that is just what is on top - there is hope that there is ever more lower down or in the wider area, which Kefi says they will explore once the project commences. in addition we have another potential resource 50KM south 'Potential for 10-20Mt at 1.5% Cu; (15Mt at 1.5% Cu at $5000/t Cu = $1.1Bn insitu metal) ' - this was at 2016 values and Cu is much higher now.

In Saudi our licence is 200KM south of Barrack's mine (Ma'aden) - Ma'aden is the state and they bought 50% of the mine from barrack for $210M. Ma'aden is lead by the head of Saudi wealth fund ($320B) and also head of Saudi Aramco - who guess what - have just raised $25Billion to invest in other industry including mining!!! Ma'aden and Barrack say they want to buy more copper resources and our results so far look very good 'Wold Class'. So who knows what could happen in Saudi.

You can see from the likes of SOLG that it takes some time before the MCAP of a company reflects the resource (SOLG £378M - and some mention that they may have as much as $70B worth of resources but it will take until 2027/28 to start production. Kefi and partners will start in January 2020 and hope to achieve full production in 2021. Kefi have yet to explore the wider licence area.

Back to the video - see https://www.youtube.com/watch?v=xZAcFCRSNAg

And as always, please do your own research.

Thanks Mohsin, I am hoping the following in the FT comes true -:)

Share price forecast
The 2 analysts offering 12 month price targets for KEFI Minerals plc have a median target of 10.30, with a high estimate of 15.00 and a low estimate of 5.60. The median estimate represents a 626.63% increase from the last price of 1.42.

Thanks confounded, it is also interesting that cu is predicted to rise to new highs
https://www.mining.com/4-charts-that-say-this-time-the-copper-price-surge-could-last/

The potential huge cu mine in Ethiopia (50km south of our gold mine) could also do wonders. I don’t like ramping any share but I do think that Harry could use better words in his RNS to state the potential as encouraging results does not get iis excited, but I respect his honesty- hopefully when he reports the near surface gold results and deeper cu assay results he will report that he is very excited.

Just an observation that I came across which may help us in the future. There have been lots of comments this year that Saudi wants to spend billions on expanding the mining sector in SA. Also a new head of the barrack/ma’aden mine north of our licence has just been put in place -Yasir al-Rumayyan, head of the country’s sovereign wealth fund ($320B) who is guess what - chair of Saudi Aramco - who guess what - have just raised $25Billion to invest in other industry including mining!!!

Have a read of the ft piece first but then the mRketwatch piece - especially:

The players
Saudi Arabia announced a series of government changes in August in preparation of the planned IPO of Aramco.

Yasir Al-Rumayyan: Chairman of Aramco. He is also head of the Public Investment Fund (PIF), Saudi’s powerful $320 billion sovereign-wealth fund. A close confidante of MBS, Al-Rumayyan is also chairman of Ma’aden SA:1211-1.19% the state mining company which is 65% owned by PIF. Mining is one of the key sectors MBS wants to develop as part of its economic reforms.

https://amp.ft.com/content/1557e788-e2c3-11e9-b112-9624ec9edc59

https://www.google.co.uk/amp/s/www.marketwatch.com/amp/story/guid/A905BCAE-F0C3-11E9-92AC-A5B878A117A6

Now if our mine turns out to be anywhere as good if not better that ma’aden then with all of that finance backing we should have no problem raising the funds to develop our mine. I may be talking out of my hat but it is looking very good to me. Worth having a look at our licence area again and what Harry says about it on that video in October. This is what Harry is after, a company in the £200m+ bracket like the one he stepped down from before. Please do your own research - and then buy -:)

I am disappointed that the sp drifted during the week, especially with the very good results in SA. I have a feeling that the Gold Assays to be announced may be pretty good as last time they included 6m at 2.2g/t gold, 2m at 8.7g/t gold, 6m at 1.9g/t gold, 3m at 5.8g/t gold, 2m at 7.5g/t gold and 8m at 3.0g/t gold. Add that to the 2.5-4.2% CU. From watching Harry's video in October we have a very large area in SA and he even mentioned Barrack. It has a copper mine about 200km north of our Saudi licence which has CU at 1.2% and In 2014 Ma’aden paid $210M for 50% - and we have 23 more VMSs to check-out. Barrack have stated they want to sell some gold resources as they want more CU.

Also Harry seems to be keeping quite about our licence and potential mine 50KM south of Tulu - this was stated to have
'Potential for 10-20Mt at 1.5% Cu; (15Mt at 1.5% Cu at $5000/t Cu = $1.1Bn insitu metal) ' - this was at 2016 values and Cu is much higher now.

So an MCAP of £14M is ludicrous. Once we have the flow of funding then this will rerate. January is not far away now and I will be holding into all of my golden tickets. If we do reach £200M MCAP then the sp will be 20P, but even 10p would be fantastic.