Member Info for Robjm66

HtTps://www.gowebcasting.com/events/precious-metals-summit-conferences-llc/2023/11/14/kefi-gold-and-copper-plc/play/stream/37285

They now have the webinar up.

Kefi heard from the banks. As for the project its phased you get credit approvals then sign off from everyone then teams on the ground and then start of community actions then finance for the project drawdown then construction. The most important is the credit approvals as that's the money stage and the one we have been stuck at for a while.

Zurich 2023 Precious metals Webinar notes

Eddy Solbrandt (Harry in KSA)

Background in Saudi Artar largest explorer in the country Hawiah and jibal Qutman

Ethiopia jv with local and national government ready for construction open at depth

Now closing finance ready for launch and applied for more licenses in Ethiopia battery metals (Lithium mentioned a few times by kefi recently)

Peaceful environment when kefi entered regional problems…having said all that regularity reforms have been eased transparent licence system (something about system in the process of being cleaned up) two banks in. Ethiopia now country member of the banks. Peace talks, comparison to allied gold and kefi.

About two weeks away from credit approval banks just written to them. March equity draw down. Planning to turn ground middle of next year.

Saudi lots of changes. Very happy to help an example was a power line going thru mining site kefi mentioned it and two weeks late it was gone.. Saudi we can borrow seventy five percent of development costs at very low cost. Finance talks already in train. Comparison to Amak. Saudi are investing in there own countries hungry for more hence high valuation for Amak (and potential for Kefi).

Kefi undervalued slide.

5m ounces resources, Ethiopian government committed to kefi exploration licence areas applications. JQ DFS Hawaih PFS. Banks two to four weeks banks on board (probably get go ahead from banks tow weeks then a bit variable the paper work to confirm maybe immediate a couple of days from bank communication). (timing does seem to conform with planned webinar after mining conference in Ethiopia).

Question about TK expansion prospects Tk exploration couple more pits near as well as TK open at depth and a deep pit at TK.

Thanks Bear.

https://www.reuters.com/world/africa/ethiopias-oromo-rebels-tanzania-peace-talks-2023-11-13/ (Ethiopia general)

https://www.zawya.com/en/projects/mining/saudi-amak-to-set-up-new-joint-venture-to-invest-in-industrial-minerals-u8nez68k (Saudi mining and JVs)

“The JV will study, develop, and implement projects for exploiting base metals, such as copper, zinc, and nickel and precious metals, like gold and silver, in Saudi Arabia. It will also invest in industries developing quartz, feldspar, silica sand, and clay minerals of various types.” Looks like due to the number of opportunities out there Amak is looking for more JVs and more ways to access funds to develop those opportunities.

https://thndrclaps.thndr.app/2023/11/13/amak-seeks-strong-investment-in-minerals-%F0%9F%92%B0/

You too.

https://saudigazette.com.sa/article/637584/SAUDI-ARABIA/Ethiopian-PM-commends-Saudi-Arabias-Vision-2030-for-advancing-economic-collaboration-with-African-nations (Saudi Ethiopia general)

https://www.zerohedge.com/markets/pboc-hurry-buy-gold-covertly-bought-593-tonnes-gold-ytd (Gold)

https://english.aawsat.com/business/4659791-alkhorayef-saudi-arabia-raises-mining-sector%E2%80%99s-economic-contribution-target-80b (Saudi mining)

If you look at the actual times the trades look slightly out of order Plump you would think the buy at 16.25 and 58 seconds at a slightly higher price would follow the trades at 16.25 and 47 seconds. If its an ordinary trader might have set out to make one purchase accidentally made two canceled one then thought stuff its only a measly extra 20k and made the second. The games seem more about people buying or selling a fivers worth or other tiny amounts.

Plump shows mines can get off the ground in Ethiopia and people have the confidence to invest large amounts of money into mining there all obviously good for Kefi and Ethiopia.

HtTps://www.prnewswire.com/news-releases/allied-gold-announces-third-quarter-2023-results-marking-a-new-era-as-a-public-company-and-the-start-of-asset-optimizations-and-robust-fully-funded-growth-initatives-across-its-portfolio-301984160.html (Ethiopia mining)

The Board of Directors approved the advancement of the expanded Kurmuk project through a two-phase development plan…While the project requires a total capital investment of approximately $500 million, the first phase, with a commitment of $185 million to be spent through 2023 and 2024, includes key milestones such as engineering, early works, major equipment procurement, civil and earthworks, key infrastructure progression, camp establishment, mining contractor mobilization, and pre-stripping at Ashashire among others. Upon completion of this phase, the Company will assess further optimizations before proceeding with the remaining capital allocation. The expanded project aims for average annual production of nearly 275,000 oz for the first four years and over 240,000 oz per year over a 10-year mine life at an AISC(1) targeted below $950/oz. The development is to be funded by cash on hand, including from the recent financing, and cash flows from producing mines, with the first gold pour expected in Q2 2026.

https://www.argaam.com/en/article/articledetail/id/1683926 (Saudi mining)

SB you have a point unrealistic to just wait till late November or early December for more decent communication. PaulFG think Harry has the one expression that’s covers boredom to ecstatic joy 😉

Https://addisstandard.com/update-us-igad-kenya-ola-southern-command-chief-arrives-in-dar-es-salaam/

https://www.citizen.digital/news/ethiopia-holds-fresh-round-of-talks-with-oromo-rebels-n330948

https://allafrica.com/stories/202311090128.html

HtTps://addisstandard.com/news-second-round-peace-talk-to-end-conflict-in-oromia-kicks-off-in-dar-es-salaam-ola-commander-on-board/

Looks more promising than last time the recent trouble in Amhara could actually mean more likely that this has a positive result as neither side has any time for Amhara militants an “enemy of my enemy is my friend” as they say. Another good sign is third party mediation and both parties seem optimistic.

https://igad.int/

A lot of the first stages are like any other construction project improve access, level off and clear certain areas mark out and dig out areas for foundation of buildings that might be needed its not something you have people sitting around waiting for. The more complicated mining specific stuff will be handled by Lycopodium, Lyco gave tour to the Ethiopian mining minister of the kind equipment that would be used.

HtTps://www.proactiveinvestors.co.uk/companies/news/1031840/kefi-gold-and-copper-a-comprehensive-update-on-operational-progress-and-market-dynamics-icymi-1031840.html

HtTps://www.youtube.com/watch?v=ZylNkz_flpw&list=PLE1y8hGSqr8ar1gKUdfqFDK5ygLIlrdmz&index=1 (gold)

https://www.zerohedge.com/commodities/central-banks-course-colossal-year-gold-buying

https://www.zerohedge.com/commodities/why-have-all-chinese-banks-disappeared-lbma-gold-price-auction

“and what do the chinese authorities think of these developments about the auctions? maybe the chinese authorities actually told the chinese banks to exit the auction, so as focus on bigger fish to fry using the physically determined shanghai gold benchmark on the shanghai gold exchange, as opposed to the trading of unallocated synthetic gold (gold credit) in the lbma ‘gold’ price auction.”

https://mugglehead.com/saudi-arabia-wants-to-buy-major-untapped-copper-gold-deposit-in-****stan-says-barrick-gold-ceo/

https://www.reuters.com/world/africa/fitch-downgrades-ethiopia-rising-default-risk-2023-11-02/ ethiopia desperate for foreign exchange, politically after after ethiopia veering maybe too much towards china by joining brics should mean a veer back towards the west due to them needing western funds.

https://www.fanabc.com/english/some-53-foreign-investors-explored-opportunities-in-ethiopia-over-the-last-3-months-mofa/

Re question one company going to employ a lot of locals when the project gets of the ground and the local government and national one will benefit from the project last thing the project needs is a slew of new pen pushers.

Think kefi could do with every bit of coverage and support it can get personally find Bens coverage refreshing as it has a bit of a different perspective. Your not going to get a single share analysed to death when someone is covering multiple share over ten minutes and coverage of each share will vary from update to update.

What you will get the struggles of an ordinary shareholder that invests in the mining sector the kind of person kefi needs to get on board.

INVESTOR WEBINAR

The next open-forum investor webinar will be held in early December 2023 to coincide with the planned Ethiopian Government's MineExpo and will focus on Tulu Kapi Project Syndicate activities and announcements. Details of these two events will be announced in due course.

(MINTEX2023 will be held @Millennium Hall November 24-28 Addis Ababa)

Sorry Plump but the opportunities are out there for the Saudi side and the company maybe needs a gentle kick up the rear to start grabbing them.

Https://finance.yahoo.com/news/gemcorp-capital-appoints-former-uk-033000128.html

https://www.rigzone.com/news/gemcorp_seals_335mm_loan_for_angola_oil_refinery-14-jul-2023-173331-article/

https://www.bloomberg.com/news/articles/2023-10-25/gemcorp-sets-up-1-billion-fund-to-tap-saudi-arabia-projects

https://african.business/2023/07/apo-newsfeed/gemcorp-africa-finance-corporation-and-afreximbank-announce-the-financial-close-of-cabinda-oil-refinery-with-a-us335-million-project-financing-facility

https://www.globenewswire.com/en/news-release/2023/07/06/2700088/0/en/Gemcorp-Capital-supports-Walkabout-s-Tanzanian-graphite-mine-to-commence-production-by-end-2023.html

https://renewablesnow.com/news/gemcorp-invests-in-kenyas-clean-energy-platform-milele-energy-819421/

https://www.ipe.com/asset-management-roundup-gemcorp-group-completes-management-buyout/10053457.article