Member Info for Robjm66

From Ham Advfn kefi thread

It seems that Ivanhoe+Ma'aden JV exploration is moving forward, even in "our" Wadi Bidah:

https://www.mining.com/ivanhoe-electric-jv-kicks-off-saudi-exploration-campaign/

Cheers

H

….

"Hawiah is located within the Wadi Bidah Mineral District (“WBMD”) in the southwest of the Arabian Shield." will be interesting to see how close the exploration is to Hawiah and Al Godeyer would be funny if they start digging and make a discovery right on kefis doorstep.

"Wadi Bidah Mineral District (WBMD) lies in the southwestern part of the Neoproterozoic (900–550 Ma) Arabian Shield of Saudi Arabia and consists of a north-trending belt, 70 km long and 20 km wide, between latitudes 20 ◦ and 21 ◦ north and longitudes 41 ◦ and 41 ◦ 30 east"

htTps://www.juniorminingnetwork.com/junior-miner-news/press-releases/3170-tsx/ie/152023-ivanhoe-electric-and-saudi-arabian-mining-company-ma-aden-commence-joint-venture-exploration-activities-in-saudi-arabia.html

"Mr. Friedland commented: "It has been a little over a year since we initiated discussions with Ma'aden, resulting in Ma'aden's significant investment in Ivanhoe Electric and the establishment of our Saudi Arabian exploration Joint Venture in July..."

"..Our team has identified Al Amar, Wadi Bidah and Bir Umq as high priority targets for our first-year exploration efforts."

htTps://www.kitco.com/news/2023-11-29/Ivanhoe-Electric-and-Ma-aden-begin-JV-exploration-activities-in-Saudi-Arabia-focusing-on-copper-and-gold.html

The disparity in the market cap to what it is, to what it should be considering just gives more room to the upside in the share price. Your looking at a company that will transition to a mid cap miner with a couple of hundred million market cap as a first step.

The macro picture is a much higher gold price in the future that could multi bag kefi just on it own plus a higher copper price. As for the two counties you have one that is desperate for the project to go ahead due to needing the funds a mining industry will bring hence its leader promoting the industry and the other willing to chuck billions not millions at the sector to make it a success.

Some people not that good at reading between the lines obviously the company highlighted the Warrant information on their Q an A section for a reason along with the comment “given that the Tulu Kapi financing is expected soon”. With the two dates for the two tranches they have two bites at the cherry but they will be pushing for as much progress before the exercise date even if there is less need for the funds with how the TK deal is structured now.

Obviously the warrants will be exercised when the exercise price is cheaper or the same as the market price.

Company obviously will aim to get the share price 1.7 to exercise the two tranches of warrants. If they were going to do a placing likely they would have done one already on the present rises. Looking at the volume people are actually holding for news early December within the time period given by the banks and the meeting mentioned of the consortium. How many times have the present people predicting a placing been wrong in the past now?

Https://economymiddleeast.com/news/goldman-sachs-saudi-investment-boost/

Goldman Sachs analysts estimated that Saudi Arabia may spend about $1 trillion as part of the total new shekel investments estimated at $3.3 trillion. Saudi plans to invest that sum by the end of the decade in six specific sectors. These include clean technology, metals and mining, and transportation and logistics services.

According to the bank’s study, Saudi Arabia’s efforts to diversify its economy away from oil have begun to bear fruit.

https://decode39.com/8354/italy-embraces-strategic-investments-in-the-gulf/

The Saudi Arabian leg. Minister Urso’s next destination was Riyadh, where he met with Khalid Al-Falih, the kingdom’s Investment Minister, as well as Khalid Al Salem, chairman of the Royal Commission for the cities of Jubail and Yambou, and Saad Al-Kroud, chief of staff of the Public Investment Fund. Discussions centred around developing a regulatory and industrial environment geared towards strategic autonomy in critical raw materials.

They explored potential partnerships and joint investments in the mining sector, both within their respective countries and in other areas, such as the African continent (again, as envisioned in the Mattei Plan).

(Going to have gold rush in Saudi any decent mining company that lists there...)

Https://www.facebook.com/watch?v=218685431263117

https://www.fanabc.com/english/austria-keen-to-collaborate-with-ethiopia-in-mining-renewable-energy-sectors/

https://www.msn.com/en-xl/africa/top-stories/appropriate-institutions-fundamental-to-exploit-ethiopia-s-minerals-resources-says-professor-alemayehu/ar-AA1kDbPC

https://www.2merkato.com/news/energy-and-mining/7589-ethiopia-drafts-a-new-mining-policy

https://ethiopianmonitor.com/2023/11/28/ethiopia-czech-discuss-expanding-cooperation-in-agriculture-mining/ (leader talking up the mining sector)

https://www.facebook.com/MinesandPetroleum

MTN company that works on mining exploration and exploration has expressed interest in engaging in mining in Ethiopia.

*************************************

The Turkish MTN company that works on mining exploration and exploration has expressed interest in working on mining in Ethiopia.

Ethiopian ambassador in Turkey and special envoy Adem Mohammed has discussed with MTN international company CEO Dr. Neil Yildirim and other officials.

In their discussion, the company's CEO Dr. Neil Yildrim expressed that Turkey and Ethiopia are interested in working together in the mining sector.

Ambassador Adem Mohammed on his part said that it is important to put into action according to the agreement signed earlier and explained the good investment options in the mining sector in Ethiopia.

(So have multiple countries getting interested in mining in Ethiopia on the back of kefis progress.)

My guess is they will keep it under 2050 this year to avoid frightening the horses though if you were going to allow the gold price to creep up the run up to Christmas would be a good time to do it. I think the breakout will come next year but will not complain if I am wrong.

Https://www.kitco.com/charts/livegold.html Nice.

He was just annoyed DD that I could show that it was perfectly possible for kefi to fund the Saudi side without needing to get hundreds of million from the market. If you pretend it was a genuine question its still a nonsense as Amak value was boosted by being one of the very few mining companies the Saudis could invest in hence kefi looking to list there as well. If you compare what each company has kefi compares well Amak with its prospects in Saudi and exploration areas there and that’s before you even add in Ethiopia.

Https://www.sidf.gov.sa/en/ServicesforInvestors/Sectors/Pages/mining.aspx

Financing mining projects for all minerals up to 75% of the costs of eligible projects.

Financing the final stage of the exploration process, which includes drilling and preparation of mines.

Guess that slipped TCM mind as well along with the fact the Jibal Qutman is low cost project in fact they plan to actually make JQ bigger than originally envisaged due to the availability of cash and the higer gold price which incidentally has just gone past 2020.

(Joke) I have a new theory TCM is actually genius ramper that works by presenting deramping arguments that are so weak they actually boost the company when they are shot down.

Https://www.kefi-goldandcopper.com/files/presentations/kefi-gold-forum-americas-pres-20sep23.pdf slide 8 as of august this year.

Think 1.7 is achievable kefi only at 35 36 million market cap and Ethiopian government recognised twice that as historical spending connected to kefi share of TK.

Previously on the Q and A section though maybe they need an update on the price warrants can be exercised.

Q: Can the 1.6p warrants be exercised before the expiry date and before they trade at 2.4p?

A: Yes, if the warrant holder wants to.

From kefi website

Given that the Tulu Kapi financing is expected to be completed soon, what does that mean for the outstanding warrants?

Q. When do the 1.6p warrants relating to the placings KEFI made in December 2021 and April 2022 expire?

A. The first tranche of 393.1M warrants expire on 13 January 2024. The second tranche of 500M warrants expire on 17 May 2024.

Q. When do the warrants become exercisable?

A. The warrants become exercisable following a Warrant Trigger Event provided that such Warrant Trigger Event occurs during a two year period The Warrants will become exercisable provided that, during a two year period following the Admission, the on market share closing price of the Ordinary Shares for five consecutive days reaches or exceeds 2.4 pence (being a 50% premium on the Warrant exercise price) (the "Warrant Trigger Event"). If the Warrant Trigger Event occurs, then (i) the holders of the Warrants may exercise the Warrants within 30 days from the occurrence of the Warrant Trigger Event; and (ii) the Warrants will expire following the end of the 30-day period referenced above if not exercised. If the Warrant Trigger Event has not occurred within two years following the date, then the Warrants shall lapse and will no longer be capable of being exercised.

Posted 28 November 2023

(Target price short term 1.6 pence plus?)

Https://www.proactiveinvestors.co.uk/companies/news/1034326/royal-road-bets-big-on-saudi-arabia-and-with-good-reason-1034326.html

“The short and simple answer is: copper and gold. Saudi Arabia sits on the same Arabian-Nubian shield that plays host to several major mines on the other side of the Red Sea. Within the huge and largely uninhabited land expanses of Saudi itself, there are obviously a range of different and specific geologies, and Royal Road reckons it’s already got the jump on its competitors in that regard.”

And Saudi Arabia?

“It’s the Big Bang for a new mining universe.”

(Saudi mining)

https://economymiddleeast.com/news/saudi-to-invest-sar33-bn-to-double-phosphate-production-aims-for-top-three-global-position/

https://www.zerohedge.com/news/2023-11-26/china-testing-comex-legitimacy

https://www.zerohedge.com/markets/chinese-investors-turning-gold

Https://www.thebanker.com/Ethiopia-finalises-banking-liberalisation-rules-as-foreign-currency-challenges-mount-1701086206

We’re working to support export-oriented companies as well as foreign direct investment by relaxing regulations;

Q: In September, the NBE approved the opening of offshore accounts for strategic foreign investors in the country. Are we likely to see other similar reforms soon?

A: Encouraging investments is an important priority for us. The offshore account exemption for strategic investors is a response to a long-standing request from the foreign investment community in the country. Investors want to know that they will be able to repatriate profits and dividends out of the country, which is a reasonable request. So we’ve provided that guarantee for investors that are operating in Ethiopia, creating jobs and adding value to the economy. It’s a priority for the government to update our regulatory environment, and improve our institutions and processes to encourage such investment, and you will see more of this in the coming months.

https://www.ena.et/web/eng/w/eng_3643507

“To date, over 100 companies are actively engaged in mineral exploration across the country, while about 70 others are actively developing different mining projects transcending the exploration stage in minerals like gold, gas, iron, geothermal and others. This is huge,” Million pointed out.”

https://www.fanabc.com/english/ethiopia-prepares-policy-to-harness-the-potential-of-mineral-resources/

https://addisstandard.com/news-akobo-minerals-hits-gold-ore-body-at-segele-mine-in-gambella-set-to-start-pilot-production/

https://allafrica.com/stories/202311280049.html (Ethiopia mining)

https://www.fanabc.com/english/ethiopia-earns-over-63-6mln-usd-from-gold-exports-in-three-months/

Most of kefi areas that have been explored are open, expandable or you have other deposits near them JQ deposit is part of a string of similar deposits Hawiah is huge and is getting bigger and has Al Godeyer on its doorstep. I would say kefi will be pulling stuff out of the ground when most of us are in it except I expect the company to be taken over before that.

TCM is also talking rubbish about TK being seven years max as it is open at depth and an underground mine is planned and has deposits within trucking distance and exploration plans for further afield. I leave it up to the individuals here to decide if he is out and out lying or the basics of the TK project completely slipped his mind. Either way though..

For newbies been through the Allied argument before TCM seems to have forgotten he lost it when it was pointed out Allied gold was worth 700 million though it may have been more at the time. He had no answer to when it was pointed out that obviously five hundred millions of dollars being invested into an Ethiopian mining project was a good omen for kefi investment. You notice this time he does not reference the recent deal “where AGC shares were valued at USD 3.01 apiece, which puts the whole transaction at almost USD 100 mn” so Allied paid around hundred million dollars just for the remaining share of an purely Ethiopian project. Anyone who has been around here for while knows this is kind of par for the course with his posting.

https://www.enterprise.news/news/story/558c1173-06f5-4ca3-bd52-7afb80fda3bf/ASCOM%20acquires%20stake%20in%20Canadian%20gold%20producer.%20PLUS:%20News%20from%20Gold%20Era%20and%20NBE

https://seekingalpha.com/article/4653986-allied-gold-undervalued-gold-producer-if-management-executes-on-2026-growth-plan