HtTps://www.ecofinagency.com/mining/2702-45225-perseus-mining-teams-up-with-ajlan-for-north-african-mining-investments
Canadian gold miner Perseus Mining announced a cooperation agreement with Saudi Arabia's Ajlan & Bros Mining & Metals Company (ABM) on February 21, targeting joint investments in North Africa and Saudi Arabia.
Canadian gold miner Perseus Mining announced a cooperation agreement with Saudi Arabia's Ajlan & Bros Mining & Metals Company (ABM) on February 21, targeting joint investments in North Africa and Saudi Arabia.
htTps://dolbear.com/
What interesting is even though they have been involved in a lot of projects apart from TK they are giving prominence to to TK its almost as if the expect some news there.
htTps://dolbear.com/?p=2536
htTps://www.theassay.com/articles/feature-story/the-rise-of-mena-saudi-arabia-moroccos-ambitions-in-the-ev-battery-supply-chain/
All the parties would have been conferring with the lead bank that has given board and credit approval and we know they there was a positive meeting in Ethiopia before another meeting on the sidelines of the mining conference.
Doubt there would be a massive time difference between approval between the two banks that would have to go through the same kind of processes.
What likely happened is their was delay down to AFC being too stretched over the number of mining deals they were working on. https://www.africafc.org/news-and-insights/news/afc-unveils-strategic-partnerships-to-boost-africas-mining-sector
Now those are done and dusted though the bank will have the resources to get TK done and its a major positive that the bank is having a major drive to get mining deals done in Africa.
As for the other parties get the impression that they were already onboard just were waiting for a bank approval so they sign off approvals fast.
Https://ethiopianmonitor.com/2024/02/26/four-mining-deals-ratified-as-council-passes-various-decisions/
Prime Minister Abiy Ahmed’s cabinet dealt with various draft legislations and agreements in its 27th regular session on Saturday.
Among them were four draft agreements to issue licenses to extract Bromite, Coal, granite, and gold minerals, the PM Office said in a statement.
The Ministry of Mines reached the mining agreements with Jereh Chemical Industrial Plc, Rafiq Husni Farisalqab Sequoia Mining and Processing Plc, and Oromiax Mining S.C...
Dan Depends on your personal investment style if you are more an investor or a trader. Will leave it up to the traders here to answer from a chart perspective and trading patterns and so on and answer from a investor perspective.
First if you do not like gold prospects do not invest here as the first two mines that kefi should be building are gold mines.
Secondarily look at the slides from kefis presentations and decide if there is a big gap between kefi present market cap and what it should be, (if the share price has got some legs) or its fairly valued.
If you are considering holding post TK go ahead weigh up possible spike points for kefi share price, like DFS for second kefi gold mine, breakout in gold price, hitting warrant exercise price, listing in Saudi…
If you decide that share trading or investing is too nerve shredding I would look at holding physical silver if you are positive on precious metals due to the present gold silver ratio but thats just my opinion.
Https://www.greencarcongress.com/2024/02/20240224-benchmark.html
....The Saudi government is leveraging its Public Investment Fund (PIF), one of the world’s largest sovereign wealth funds, to drive its economic transition. Specific programs to boost mineral production include the provision of $182 million to be used as de-risking money to get mining endeavors off the ground, as well as financing up to 75% of CAPEX with preference to advanced exploration and mining activities.
Saudi Arabia recently increased its estimate of its mineral resources nearly two-fold, from $1.3 trillion to $2.5 trillion. The estimates include deposits of rare earths, phosphate, and copper. To capitalize on this, the Saudi authorities have developed dozens of new mining exploration sites...
Https://www.facebook.com/MinesandPetroleum
Indian investors express interest in further mining.
*******************************************
Mining minister Habtamu Tegeg/Engr) and higher officials of the ministry have held a discussion with Indian investors.
In their discussion, the options of investment in the sector in Ethiopia were explained to them. The government is committed to working with companies to develop the sector for investors in the sector.
Indian companies are working in mining and other sectors in Ethiopia and more companies have expressed interest in mining.
A delegation led by the Indian Chamber of Commerce and Industry is on an official visit to Ethiopia to work in mining and other sectors.
So that's two little visits in two days with Austria yesterday.
Simplest way is to damage the sentiment then buy when it dips then sell it off when it rises then rinse and repeat. Actually easier to do with smaller more volatile mining stocks. Its not a coincidence that you have the usual suspects sorry altruists all suddenly appearing at the time and disappearing at the same time . There are more complicated ways apparently was a more organised attempt reported a few weeks back though that was previous the recent rises so would not be surprised if having got burnt they have moved on.
Https://www.finanznachrichten.de/nachrichten-2024-02/61466135-allied-gold-corporation-allied-gold-announces-preliminary-2023-operating-results-2024-guidance-and-medium-term-outlook-highlighting-upside-to-its-s-008.htm
Kurmuk is expected to start production by mid-2026, contributing more than 175,000 ounces of gold to the latter half of the 2026 forecast. Significant exploration potential at near-mine locations around Dish Mountain and Ashashire, and the Tsenge prospect, supports a strategic mine life of at least 15 years at a mine-site AISC(1) below $950 per ounce. This expected performance is driven by increased throughput and unit costs savings, access to low-cost renewable energy supply and high grade ore near surface among others.
https://bnnbreaking.com/world/africa/perseus-mining-and-ajlan-bros-forge-new-frontiers-in-saudi-arabia-and-africa
Found these bits online have highlighted the AFC bits as it provides a window in to their thinking about investing into mining projects on the back of their meeting with kefi and the rest of the consortium a couple of weeks back.
https://www.youtube.com/watch?v=gVe1vxkOBqU Includes
Taiwo Okwor, Vice President, Investment, Africa Finance Corporation 5.50 14.04 25.42 30.03 41.56 44.52 (DFI development finance institution)
https://www.youtube.com/watch?v=azUyUye6hRA
Molebogeng Mazibuko, Mining Lead/Associate Vice President, Africa Finance Corporation 9.30 21.43 29.41 40.02 47.23 57.20 58.31 (SADC Southern African Development Community)
https://bnnbreaking.com/finance-nav/afcs-strategic-partnerships-a-new-era-for-africas-mining-sector
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.
HtTps://twitter.com/MinistryofMine_/status/1760252051315949854
Minister of Mines H. E Habtamu Tegegne (Eng.) discussed with Austrian Ambassador to Ethiopia Dr. Simon Kenap. During the discussion, the two countries agreed to work together on mineral exploration and development, capacity building and training, technology and related issues.
Https://www.miningmx.com/top-story/55995-perseus-signs-gold-project-cooperation-deal-with-saudi-arabia/ Saudi mining
https://www.chemanalyst.com/NewsAndDeals/NewsDetails/kefi-gold-and-copper-unveils-third-deposit-discovery-in-saudi-arabia-25372
https://waltainfo.com/introduction-of-a-stock-market-exchange-in-ethiopia-to-be-a-game-changer-pm-abiy/ (General)
https://www.zerohedge.com/news/2024-02-20/gold-next-200-move-likely-be-higher-says-citi-analyst (gold)
https://pippenguin.com/news/stock-market-news/saudi-arabia-stocks-rise-al-masane-al-kobra-mining-leads-market-gains/
The highest-performing stock of the day was Al Masane Al Kobra Mining Company CJSC (AMAK), climbing an impressive 9.84% or 5.50 points to settle at 61.40 at the close
https://simplywall.st/stocks/sa/materials/sase-1322/al-masane-al-kobra-mining-shares/news/retail-investors-among-al-masane-al-kobra-mining-companys-ta-1
The trouble with listing in Canada and the US is you are against every other resource stock. As for London its losing ground especially in the mining sector. In Saudi you can shortcut the route to Kefi being a big miner as you will get mining money pile i like it did with Amak that has nearly a one and a half billon dollar market cap on probably less resources than kefi has. Then add the increased likelihood of kefi having its main HQ there on the back of the new tax breaks.
Think company missing a trick not setting out a road map to listing in Saudi at least as share price shot up here on the Amak listing.
Https://ebc.et/english/newsdetails.aspx?newsid=5934 Ethiopia investment
https://www.mining-technology.com/news/peru-greenlights-2bn-expansion-of-copper-mine/ (Copper)