The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Positive, I’m not convinced that ‘our Saudi partner’ is part of the Saudi ruling family per se. Can you explain where you have confirmed that?
The ‘House of Saud’, typically hold their investments in the ‘Kingdom Holding Company’.
Our partner is ARTAR, a company formed in 1992 by Abdulrahman Saad Alrashid & Sons Co. - ARTAR, now diversifying from real estate.
Granted they are still one of the wealthiest families in Saudi, are very respectable and reputable, and typically the sheiks are related by descent (Cousins etc.), but a part of the primary Saudi holdings, As I say I remain to be convinced.
Only my opinion, but, once this is finalised it removes any potential negativity towards Ethiopia as wells as, maintaining regional security between the Nike river countries.
rewww.google.co.uk/amp/s/www.aljazeera.com/amp/news/2020/07/ethiopia-egypt-sudan-reach-major-common-understanding-dam-200721181635171.html
Definitely not the one DSRT... full Kefi statement Copied below, theN cross reference against the links I posted (the Adam Taylor you have linked was at Transact in 2011 and none of the career history Kefi have stated):
KEFI Minerals plc (LON:KEFI), the gold exploration and development company with projects in the Federal Democratic Republic of Ethiopia and the Kingdom of Saudi Arabia, has announced the appointment of Adam Taylor as a Non-executive Director of the Company with immediate effect.
Mr Taylor is the founder, Chairman and former CEO of FirstWave Group BV, Africa’s leading vertically integrated aquaculture group, which he established in 2011. He was previously Managing Director of Oakfield Holdings, an Africa focused investment company, and prior to that a Portfolio Manager at Liongate Capital Management, where he was responsible for commodity sector hedge fund investments.
Mr Taylor has been appointed to the KEFI Board following the recent investment in the Company by RAB Capital, an international investment company, which holds approximately 12% of the Company’s issued share capital. As announced on 11 May 2020, RAB Capital is viewed as a long-term shareholder and has been granted a right to nominate a director to the Board of the Company for as long as RAB Capital’s interest remains at 10% or above.
I don’t think the Adam Taylor at KIN Capital is the one. Doesn’t tie in with the Kefi release:
Mr Taylor is the founder, Chairman and former CEO of FirstWave Group BV, Africa’s leading vertically integrated aquaculture group, which he established in 2011. He was previously Managing Director of Oakfield Holdings, an Africa focused investment company, and prior to that a Portfolio Manager at Liongate Capital Management, where he was responsible for commodity sector hedge fund investments.
I searched ‘Adam Taylor Oakfield Holdings’ and found the links to the tilapia production... may be wrong, but my thoughts. Still a decent appointment in my opinion. Especially if he has links to the IFU ‘international fund for developing countries’, by working with them before.
Been looking just now DSRT. I don’t believe he is the same person that Harry alluded to in the Q&A Saturday. Too young in my opinion from the photos I found of him to have known Harry 21 years. Seems to be involved in aquaculture, particularly tilapia in Zambia so on face value appears to have some knowledge of getting projects up and running in Africa....
Hawiah Discovery - Credit to Jeff Rayner?
Q. Good to see the initial Hawiah Resource shaping up to be larger than expected. As a long-term KEFI shareholder, does credit go to Jeff Rayner for pegging the Hawiah EL?
A. Yes, Jeff is one of those special geologists who is a mine finder. He recognised the potential of Hawiah during KEFI's early reconnaissance of Saudi Arabia and G&M is still benefiting from the team he put in place six years ago.
Posted 17 July 2020
Has anyone else just read that negotiations have ended with no agreement between Ethiopia, Egypt and Sudan regarding the filling and operation of the dam? Reports to be submitted and talks to reconvene in a week.
To open a debate, with the seen ethnic clashes after the killing of the popular singer and ongoing issues with the dam negotiations, is the geo-political situation going to rear its ugly head and push us back? The fundamentals are still there and growing everyday with gold and copper prices, but are we now having both positive and possibly negative pressures influencing and countering? Is there a sentiment that another state of emergency is potentially incoming?
On that note, is anyone else planning to pay and log in on the ************* webinar this weekend and ask Harry some questions?
A lot of us LTH’s are in the same boat (and done exactly the same). I started off buying into Nyota Minerals and have travelled pretty much the full journey, averaging down (more time’s than I care to remember and admit?! - each time always evaluating and trying to make the best investment decision). Are we at last on the final straight... the next few months will give us the answer I guess. But have everything crossed?!
Taken from 2017 AGM Statement...
"In March 2017, shareholders approved a £5.62 million including a £4.62 million subscription by Lanstead Capital. A key aspect of the March 2017 fundraising is that £3.93 million of the £4.62 million subscription by Lanstead is subject to a Sharing Agreement which allows KEFI to benefit financially from positive share price performance, whilst limiting the financial downside risk from a negative share price performance.
"Following the completion of the March 2017 fundraising and associated consolidation of the Company's capital on a 17-for-1 basis, KEFI has a total of 332.7 million Ordinary Shares on issue.
https://webcasting.brrmedia.co.uk/broadcast/5e5654752cd9120cce9f96b0
I agree Fairview... without wishing to put any words in people’s mouths... I’m pretty sure I can think of exactly the part of the video GH is talking about and in it (my opinion) Harry trips over his own words a little, but he definitely means ANS monies to get the show going and bank sign off after elections.
GLA
I’m a LTH here and am trying to remain patient?!
I’ve been reading this these for ages and thought I’d create an account to clarify what I think GingerHippo has heard in the video...
Harry mentioned that full sign off of the bank loans will be after the Ethiopian election not that the ANS money would be coming after the election. I think when GH listens back he will hear it this way. I will say it was poorly constructed by Harry.