Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Https://www.kitco.com/ gold just broke through the 2300 mark
That’s ok SB but likely to be irrelevant why I post here as soon not going to be able to that often as it simply takes too much time and energy. Apart from following what the gold price is likely to do you have the Saudi mining sector taking off in big way which means the news there is constantly expanding and on top of that kefi being in Ethiopia means you have whole African mining angle. I could probably research about eight mining stocks in the time it takes to research kefi or just research gold in a tiny fraction of the time.
Will try to hold on till second bank sign off or kefi takeover or JQ DFS or even bigger gold price breakout some turning point after which its going to be pretty irrelevant what anyone says but if a job offer pops up will have to concentrate on that and maybe pop occasionally back to see how rich everyone is ;)
Hi SB not paid to post been invested since kefi went into Saudi and was I think the first first person to call for Harry to step down and probably annoyed him a couple of times over the years once when I highlighted the Amak listing and probably several times when I have highlighted the potential of a Saudi listing . Already mentioned in a recent post I will have to either stop or severely cut back on the amount of posting I will due to other commitments as I have no choice. All this is public knowledge for a lot of the old timers.
As for commercial gain i could have made more money by playing the game of bigging up kefi one day and trashing it other days like other posters here hell i could have just stepped back and not posted a couple of times let the share tank when it was under concerted attack by the usual suspects then bought in when it bottomed then counter attacked. Also could have made more money by just selling up kefi and speculating on the gold price which I have called correctly for a long time now. Anyone can see from my posting history I have not done any of that.
As for the forensic nature of my posting I am an old style research based investor which I guess makes me a bit of a dinosaur when the trend is just to trade the sentiment and who cares about any of the actual facts. Guess my main motivation for posting is to actually see other kefi investors make some money though that might seem blasphemous when the game is to make as much money as you can and stuff everyone else.
Https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2840-tsx-venture/peak/158526-sun-peak-metals-announces-commencement-of-drilling-at-the-shire-project.html
"It is very exciting to restart our work on the Shire Project after more than three years" stated Greg Davis, Sun Peak's President and CEO. "Our team's expectations are high that new copper-gold VMS discoveries will be made on the project this year."
https://news.cision.com/akobo-minerals-ab/r/akobo-minerals-ab--publ----new-share-capital-registered-following-set-off-issue,c3956530
https://www.arabnews.com/node/2487991/amp (Saudi mining)
https://finance.yahoo.com/news/ethiopia-bets-property-ownership-offer-130639810.html (Ethiopia general)
https://www.fanabc.com/english/world-bank-announces-a-1-4-billion-program-to-ramp-up-ethiopias-energy-sector/ (Ethiopia general) (should make it easy for Ethiopian government to pay for putting in any electrical supply needed for TK)
https://www.kitco.com/news/article/2024-04-04/gold-becoming-global-battlefield-brics-looks-bullion-challenge-dollar (gold)
Https://techcabal.com/2024/04/04/ngx-buys-stake-in-ethiopias-first-ever-bourse/
https://fsdafrica.org/press-release/ethiopian-securities-exchange-esx-closes-its-capital-raise-significantly-oversubscribed-by-domestic-and-foreign-investors/
the Exchange witnessed dramatic interest by domestic and foreign commercial investors, obtaining a whopping ETB 1.51 billion (US$ 26.6 million), representing subscription of 240% of its initial target capital raise of ETB 631 million (US$ 11.07 million), with participation by a total of 48 domestic and foreign institutional investors across financial and non-financial sectors.
https://www.bnnbloomberg.ca/ethiopian-stock-exchange-gets-bids-for-twice-the-shares-on-offer-1.2055137
While Harry never going to be the next Elon musk he does not have to be. Break even at TK is 1312 at a price of 2150 you get all the moans over why it has taken so long but four or five years ago kefi was trying to get things going with a gold price at 12 13 hundred though the cost would have a bit lower you are looking a multiple of the profit margin it was previously just on TK on the gold price as it is now let alone the future and JQ going into production.
https://www.kefi-goldandcopper.com/files/presentations/kefi-general-meeting-webinar-26mar24.pdf
Thought we could have a mini competition.
The rules are guess the closing price of gold 2024. To make it easier you can have a worst case guess for a gold and a best case for gold. As a tie breaker have to name three black swans events that could happen to cause gold to go ballistic.
My guesses for black swan events that could happen are..
1.Bitcoin price collapse back down to less than 30000 dollars
2.Confiscation of Russian funds that have been frozen on a wide scale
https://www.reuters.com/business/finance/western-banks-warn-risks-eu-plan-grab-russian-assets-sources-say-2024-03-21/
3.Trump assassination attempt that either kills him or injures him so that he cannot continue his presidential bid.
Worst case for gold I see as 2999 best case 4000 plus.
Would say Bitcoin could hit that level just from the general craziness around it and then trigger a flight to gold form its investors. Fallout of any big confiscation of funds from Russia would be would lead to a flight to gold as well. As for Trump prefer him to Biden (though is Hobsons choice) but the level of craziness and the desperation to stop him becoming president in a country where everyone has a gun…
Either Allied gold or Ivanhoe can take over the kefi parent company then if they do not want the side that is harder to fold into their present operations they know there is a ready made buyer that they can sell to for probably more than they would pay for kefi.
If you do some research on Robert Friedland you will see there are no flys on him and doubt it was a coincidence that a lot of their licence areas they have with Maaden are near kefi then add the fact that he is really bullish on copper. Harry might or might not have thought that it was just a natural thing to invite him over and compare notes but unless RF is and idiot obviously he be will weighing things up. Then add in its not even a secret that Allied are actively looking for takeover opportunities and have plainly said so.
Https://www.kitco.com/news/video/2024-04-01/allied-gold-will-use-m-a-for-growth-when-the-opportunity-arises-says-marrone
https://gmco.com.sa/2024/03/04/ivanhoe-electric-electric-and-maaden-joint-venture-team-visits-gmco-for-mineral-exploration-insights/
Pay attention plump.
Https://www.youtube.com/watch?v=QjgAi6ZEbls
(Smart money and speculators moving into gold)
Think Artar would be happy if Ivanhoe electric said to them we can explore your prospects at a multiple the rate kefi due to our deeper pockets and better technology and we will maintain kefi geos in their positions they they would then negotiate a better percentage than kefi has now with that leverage.
https://ivanhoeelectric.com/technologies/overview/
https://ivanhoeelectric.com/investors/corporate-presentations/
https://www.youtube.com/watch?app=desktop&v=QUoZK2k58q8&embeds_referring_euri=https%3A%2F%2Fnews2.gorich.com.tw%2F&feature=emb_imp_woyt
Think Harry been a bit naive getting chummy with Robert Friedland and it was a mistake saying he thinks at this time that Saudi is not ready for a pre production mining company as that leaves kefi vulnerable to a producing company to takeover kefi then spin off a listing in Saudi that way keeping the Saudi government happy with quicker exploration of the countries prospects.
If Artar did not want fast exploration of its prospects kefi would have just paused them and poured everything that is in Saudi into the DFS for Jibal Qutman then get that going as early as possible. However as Harry has said the problem is keeping up with Artars expectations.
You could argue that with kefi recent discoveries they have demonstrated that they can compete with Ivanhoe and maybe that was the plan but that’s only going to make kefis Geo team more attractive to Ivanhoe.
As for Allied they could offer a listing in Ethiopia like kefi but on a bigger scale and their deeper pockets means they could explore on a wider scale as well.
https://african.business/2024/04/finance-services/ethiopia-readies-its-first-full-stock-market-for-launch (ethiopia general)
https://www.streetinsider.com/reuters/imf+ends+ethiopia+visit%2c+deal+not+yet+secured/23017742.html
https://www.imf.org/en/news/articles/2024/04/02/pr24103-ethiopia-imf-staff-concludes-mission
https://ebc.et/english/newsdetails.aspx?newsid=6360
https://www.qna.org.qa/en/news-area/news/2024-03/31/0056-saudi-crown-prince-receives-written-message-from-prime-minister-of-ethiopia-addressing-bilateral-relations
(rumors that ethiopia are trying to get a loan from saudi and/or uae)
https://news.cision.com/akobo-minerals-ab/r/minutes-from-extraordinary-general-meeting-in-akobo-minerals-ab--publ-,c3955521
https://*************.net/gold-prices-hit-record-highs-as-stock-markets-fluctuate-on-economic-data
Think kefi would be better off simply not engaging with questions this dumb (April fool question?) would be better to just remind people occasionally that the resettlement happens post launch and those moving have a very good deal.