Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Brad locals have come first got a school a church and even had vaccines to help with a outbreak and will get life changing money.Kefi have teams on the ground now the house are modular expandable homes and the map of the site is already planned with added access and electricity supply and th emining camp moved nearer the airstrip.Think the Ethiopians are fully capable of putting roads in though if they are any good with potholes we could do with them here.
Smelly if the company were that worried about funding would have gone for a larger placement.
HtTps://www.bnnbloomberg.ca/gold-touches-2-100-as-traders-scoop-up-metal-on-rate-cut-bets-1.2042365 (gold 2142 as I type this).
Maybe you need a bigger chair Fever.
htTps://www.kefi-minerals.com/expo-presentation/addis-adaba
9° 4'55.57"N 35°33'5.09"E google earth old camp being dismantled
9°04'55.6"N 35°33'05.1"E Church and school Kefi built
Already playing out like i said it would Bishop with the shareprice bottoming out and ready for a recovery and funnily enough the gold price does have relevance to a company with gold mine (plural) prospects.
Just a reminder that TK is not kefis only gold project.
https://www.kefi-goldandcopper.com/projects/saudi-arabia/jibal-qutman
https://www.kefi-goldandcopper.com/files/announcements/kefi-jibal-qutman-gold-update-30jan24-final.pdf
Https://www.ft.com/content/72ae7a4a-83fe-4e55-8265-4278204c1d5d
The price of gold has surged to a record high, driven by growing expectations of US interest rate cuts, investors hunting for haven assets and months of prodigious buying by central banks and Chinese investors.
https://www.cnbc.com/2024/03/05/xau-gold-scales-all-time-highs-wall-street-analysts-say-it-has-further-to-go.html
In a Monday note, analysts at Citi described themselves as “medium-term bullion bulls,” calling a 25% probability of gold averaging a record $2,300 per ounce in the second half. Their base case remains $2,150, and they reiterated a “wildcard” call for trade reaching $3,000 over the next 12 to 16 months.
Its a laugh that someone who disappeared and is not holder is moaning that someone is buying in to make some money and might not stay here for the multibag. As for slinging insults around calling people liars that's an even bigger laugh from a poster that has been caught out multiple times and usually just disappears for day or hours in the hope that by the time he comes back people have forgotten the fact.
Just to summarize TCMs post kefi got Ethiopian Capital Controls changed, approvals of environmental matters security was addressed and got credit approval from the lead bank and raised twice as much from primary bid as last time.
Can compare Kefi to Amak in Saudi for the Saudi prospects.
Plus somewhere between Akobo and Allied gold for the Ethiopian prospects.
Looks like another gold price spike at the moment https://goldprice.org/ maybe kefi should at least raise it gold price estimate to 2000 dollars an ounce.
Meanwhile gold near all time highs and kefi still have three main mining prospects.
https://goldprice.org/
If your style is an investor and not a day trader and you are selling you are betting that kefi will not be able to get any of its prospects off the ground if you are holding or buying you are betting they will.
As for the people that are not are not any of those things they will disappear again on any kefi share price climb as usual.
https://www.***************************/kefi-gold-and-copper-raises-5-million-for-launch-of-tulu-kapi-gold-project/4121146173
guess actual shareholders more confident than people with no skin in the game. where the company did get it wrong it could have raised more money from shareholders rather than a placement with probably a less of a discount maybe replacing the placement totally if organised differently with people having more notice and more than a couple of hours to invest and less confusion over the offer.
"the company is pleased to announce that the retail offer via primarybid is successfully completed and has now closed. from the retail offer, the company has raised gross proceeds of approximately £495,916"
Worst case is kefi hovers around the placing price which is still higher than when TCM predicted imminent doom before he went missing while the share price climbed 40 percent plus.
After that should have more Saudi news this month and should get an update on TK as do not think we are as far away as some people think.
Meanwhile your going to have the background of a high gold price and lack of fear about a placing as it would have happened. Share price could easily be back at around the .8 level within a week or two.
"Public record that Artar decided to support kefi rather than play hardball and buy Kefi out so the whole argument is kind of how many angels can dance on a pin.
Obviously does not make sense for Artar to kill the goose that is laying the golden eggs discovery wise and replace them with someone that may or may not make the same level of discoveries and will want a slice anyway.
So the value of the Saudi side to kefi is down to the discoveries they make though if you are trading in and out of kefi you might be hoping kefi drops the ball at least long enough so you can get in at nice price. Then of course suddenly kefi will be the best thing since slice bread till you have sold and want to get back in again."
Dv see this as bridging finance till the TK finance, company would have been squeezed by work taking place on the ground at TK while at the same time more drilling in Saudi . Think they simply run out of time with arranging to cover the gap.