Member Info for oldi

Sir.....it's not investment advice but I would have done the same if I had the wonga.

TW bearcast....not much besides email exchange.

what a load of pop....

This is probably one of the best gold plays on AIM.....first mover advantage in Ethiopia and Saudi Arabia.

It's been a long wait for long terms investors, the tide has turned those waiting on the sidelines will most certainly be left with their pant down.

Watch this space....only a matter of time now.

a load of bull.....we have had a placing a few weeks ago.

https://themedialine.org/life-lines/mining-for-modernization-in-the-gulf-states/

"Saudi Arabia is bolstering its efforts to diversify the country’s revenue sources away from liquid gold, also known as petroleum, to mining actual gold and other minerals. At the end of December, a new mining law will take effect, making it easier and more financially attractive for both local and international stakeholders to invest in the mining sector."

Kefi is the new centamin in the making...

I think KEFI are in the right place at the right time....it's all going in the right direction.....I would not be surprised if we have a JV further down the line.

I'm sure the likes of Centamin are watching with interest....would not be surprised if they are still interested...they were 7-10 years ago when they bought a stake in tulu kapi via nyota minerals.

This is a huge resource and we have first mover advantage in ethiopia....that will become a mining district where tulu kapi is....not to mention Saudi.....this will be 10-15p in a few years if not more.

Either way next week we shall have a better idea....with the gold price rising it's only a matter of time.

PE,

A load of cobblers...you don't have a clue, it's people like you that will be watching with your pants down when the financing comes through which it will....only a matter of time.

It takes about 15 years to bring a mine from exploration to production....Nyota must have spent $50M on drilling out Tulu Kapi....that was 10 years ago.....not to mention the other tenements and the potential for underground mining etc.

It will happen just a matter of time.....gold is only going one way and that is up.....

any plan to dip into TLW?

is that you buying more?

https://uk.reuters.com/article/global-metals/metals-copper-punches-towards-january-peak-boosted-by-chile-fears-idUKL4N2EF25A

https://www.spglobal.com/platts/en/market-insights/latest-news/metals/070620-lme-copper-price-heading-back-towards-pre-pandemic-levels

Added more PDL and KEFI.....Diamonds and Gold...can't go wrong !

Q: When is any definite decision likely to be made in Saudi regarding Hawiah mine construction?

We started drilling at Hawiah in September 2019 and target a maiden resource mid-2020.

Q: What is the likely timeline from this point to first pour at Hawiah?

A fast track outcome could be 2 years to start development plus 2 years construction, compared with the global average closer to 15 years.

In the meantime, we would progress maiden resource, Preliminary Economic Assessment, resource expansion, reserve reporting, feasibility studies, permits, finance. These are capable of being more rapid for Hawiah in Saudi Arabia compared with Tulu Kapi in Ethiopia.

Q: What is the upside at Hawiah?

The resource (similar style to nearby Al Masane mine) is likely to keep growing because it remains open at depth plus there is the oxidised zone to consider and the stockwork zone (looking for something like nearby Jabal Sayid copper mine) which has not been located yet.

Q: What are the plans for Jibal Qutman?

Jibal Qutman is stuck in the local regulatory overhaul. Its potential value seems perhaps overtaken by Hawiah.

Q: What’s Hawiah worth?

- we have made what appears a significant discovery at Hawiah but don’t yet know how big it is or what it might be worth
- we have drill-confirmed that the structure is straightforward with 45 drillholes over 4km laterally but at this stage drilled only down to about 250m depth
- the in-situ value of metal content is already greater than Tulu Kapi and the structure is open at depth
- we need to get many more assays in to be sure of grade and the distribution thereof


So it is too early to do NPV’s. but we expect to report a maiden resource mid-year and trigger and independent preliminary economic assessment.

Posted 06 April 2020

Hopefully Kefi/TKGM will be the second PPP......

April 3, 2020

The Government of Ethiopia has signed a deal with French infrastructure development company for the purchase of geothermal energy from the $800 million energy project of the company.

Meridiam of France has inked deal with the government of Ethiopia this week to sell the geothermal energy its is going to produce from the Tulu Moye geothermal prospect site is located in Oromia Region of Ethiopia. The deal is the biggest in the country’s history of energy purchase. Up until the government revised its policy a few years ago, energy production has been monopolized by the government.

When the project begins production of geothermal energy, it will play key role in energy security of the country and contributes to the development of the country, according to Prime Minister Abiy Ahmed. It is one of the first mega public private partnership (PPP) projects in Ethiopia to go operational after the country introduced PPP and opens the energy sector for the private sector and foreign investors.

“This is the first PPP to enter such a stage here. Geothermal enhances our energy security by providing constant output power to support industrialization & continued economic growth,” Prime Minister Abiy twitted.

The power purchase agreement was initially signed in December 2017 when the French company enters the energy market of the country. IT IS stated that the French company aims to produce 150 megawatts of electricity in two phases from geothermal. The construction of the project and first phase of 50 megawatts electricity production of energy is expected to be completed in 2023.

“Proud to support Ethiopia in its development. The acceleration of investment in sustainable energy will be key to fight COVID-19 economic shock and job creation,” twitted Thierry Déau, CEO of Meridiam and Founding Partner.

The construction is being implemented by Tullu Moye Geothermal Operations Private Limited Company and the drilling work will be done by Kenya Generation from the neighboring Kenya.

Below is the webcasts....I suggest you also look at the Q&A that clarifies some points.

https://www.kefi-minerals.com/news/webcasts

https://www.kefi-minerals.com/investors/q-and-a

The current market capital of Kefi is 11M , the previous owner Nyota Minerals spent 40M alone just on drilling out Tulu Kapi therefore when you look at the current market cap we are so so undervalued. This does not even include the saudi resource which has the potential to be bigger than Tulu Kapi.

Kefi have the potential to be a mid-tier producer in the next few years with a market cap anywhere between 100-200M....we just have to be a bit patient with the closing of the funding...everything is going in the right direction! Please listen to the webcast in full Tulu Kapi is most definitely going to happening!