Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Been here longer than you SB but for chunk of that time kefi had lost JQ and its because of the Saudi prospects I bought in here but now kefi has JQ back and it’s a bigger area and Hawiah and all the exploration areas in Saudi.
In contrast to Ethiopia Saudi has been going fast the last few years, but as you find my views insulting please fell free to say where you see the Saudi prospects on one or two years time.
Thanks Bear another poster mentioned TW has been made an insider again.
Its lunch with a in it. Joking apart think there is a disconnect between shareholders that just want to know when and what can push the shareprice up and are not necessarily looking a year or two years down the track and kefi looking at it from a purely mining perspective of how many mines can we get going several years down the track. Kind of reflects what the market is like now and why the mining sector has been out of favour and the Tech sector and bitcoin in Favour.
Https://www.bloomberg.com/news/articles/2024-03-20/spot-gold-rises-to-2-200-an-ounce-for-the-first-time
https://www.fxstreet.com/news/gold-price-eases-from-record-high-amid-risk-on-still-well-bid-around-2-200-mark-202403210400
https://www.fxstreet.com/news/gold-stalls-around-2-150-ahead-of-fed-decision-202403201742
Company should really have emphasized the crucial stages more and not lumped the all the bits together upto full production. Then would not have to explain that launch would come before everyone was moved (even though that should be obvious).
I am just annoyed as anyone else SB over the recent placing and can see where you are coming from as it seems to me the company were caught out and had to do a quick placing to tide them over till TK launch. By getting caught out they lost the momentum that was building extra annoying.
If they had been a bit more on the ball or if they had sourced Saudi money or if they had not made some mistakes in the past or if the had been better at promoting the company so cash raising were less dilutive and common..
It is what it is though and Kefi have three main projects one gold project hopefully on the verge of launching and another not massively behind it in a much easier jurisdiction with a gold price now around 2200 dollars an ounce and a market Cap of a small exploration company that has not found anything.
Https://www.kefi-goldandcopper.com/files/announcements/kefi-tulu-kapi-project-update-13feb24.pdf
Community and Physical Preparations
Whilst we await the drawdown of the US$320 million Project funding, KEFI has started the requisite low-cost launch-preparations to enable the Project to move forward safely and efficiently. These include:
• Personnel being dispatched into the field to brief the community and carry out required site works;
• Dismantling the old exploration camp (on the planned open pit) and installing new communication and staging bases along our transport route as part of the upgrading of safety systems; and
• Works by contractors. including:
o process-plant contractor completing Front End Engineering and Design;
o mining contractor establishing its local corporate entity and clearing its work rosters with the department of labour;
o electricity contractor procuring all (and taken delivery of most) of the equipment required for connection to the mains grid; and
o road contractor completing upgrades to some bridges on existing routes, as well as the surveys of the new additional all-weather access road.
Nick E Think Saudi will surprise people and listing looks inevitable to me if they want to exploit all the license areas they have in Saudi even with the Saudis chucking money at mining companies to make it easier for them.
Also the advantage of going the Saudi route is now they are investing in mining projects outside the country so the potential is there to get the Ethiopian side funded with Saudi money as well.
SB your 8.01 post, actually started looking for a job recently a little work from home research job would suit me. Its funny that people think I am on Harrys Christmas card list when all the time I have posted on kefi never got as much as an email from him.
What would nice just being paid a few pennies from say a firm like Ivanhoe Electric (as I like their style) to research developments in Saudi and the region and just not post on the bulletin boards at all.
Obviously everyone here would be upset if I stopped posting but think they would get over it 😉
Https://twitter.com/InvestorMeetCo/status/1770083346262941702
Join KEFI GOLD AND COPPER PLC's Investor Update on 26th Mar 2024 at 10:00am GMT, Click below to register.
https://www.investormeetcompany.com/
SB spooky actually reading my post thirty seconds before I posted it. Have not time to study the presentation yet but looks like kefi might catch a break with the news about the incentive program as kefi seems to qualify.
https://www.zawya.com/en/projects/mining/saudi-arabia-unveils-182mln-incentive-package-for-mining-exploration-otarv4m6
Saudi Arabia’s Ministry of Industry and Mineral Resources and Ministry of Investment have launched a new incentive package of 685 million Saudi riyals ($182 million) to drive mining exploration in the Kingdom.
The incentives will advance geological knowledge, identify unexplored mineral resources and develop local exploration skills, state-owned SPA reported, citing a joint ministry statement.
The newly introduced incentives also include support for companies holding valid exploration licenses for less than five years, each eligible for up to SAR 7.5 million.
The statement added that companies could obtain support for up to 15 licenses, subject to the programme’s terms and conditions.
https://www.mining.com/web/lme-plans-to-list-saudi-port-as-a-copper-and-zinc-delivery-point/
https://www.zawya.com/en/projects/mining/saudi-awarded-19-mines-to-investors-in-3-years-i6lx6y37
“as a new delivery point for copper and zinc subject to consultation on a technical change to the LME’s warehouse location framework, it said on Tuesday.”
https://www.tradearabia.com/news/IND_420241.html (Saudi mining)
https://www.argaam.com/en/article/articledetail/id/1713758 (Saudi mining)
https://enterprise.news/climate/en/news/story/e4523a85-b9f5-49cc-8172-6b8e2ff21573/Saudi%20launches%20incentive%20program%20for%20mining%20critical%20minerals
Who’s eligible: Companies prospecting for critical minerals including copper, lithium nickel and rare earth minerals (REE), according to the ministry’s
HtTps://www.arabnews.com/node/2478696/business-economy (Saudi mining)
htTps://www.spglobal.com/commodityinsights/en/market-insights/blogs/metals/031824-metals-saudi-arabias-new-oil (Saudi mining)
htTps://www.leaders-mena.com/digging-deeper-exploring-the-mining-industry-in-saudi-arabia/ (Saudi mining)
The General Meeting will be followed by an investor webinar via the Investor Meet Company platform on 26 March 2024 at 10am GMT during which a presentation will be given and submitted questions answered. The webinar is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9am the day before the meeting or at any time during the live presentation. Investors can sign up to Investor Meet Company for free and add to meet KEFI via:
https://www.investormeetcompany.com/kefi-gold-and-copper-plc/register-investor
HtTps://kinesis.money/live-from-the-vault/gold-silver-supply-shortage/
28.32 to 32.00 highlight but all good.
"Can't see where the actually cash incentive was to complete funding, I am there was one." Getting funding is a prerequisite to both both getting a bonus to being under budget of the building and future delivery of gold from TK added to all the stock Harry has think he has enough incentive to get things done.
https://www.youtube.com/watch?v=6GihGIiIJKo (Ethiopia mining/ Tigray)