Member Info for Robjm66

As everyone knows it been mostly Saudi money that has been developing the Saudi assets in the shape of Artar kefis joint venture partner and it will mostly Saudi money that develops Jibal Qutman and Hawiah in the form of a Sidf loan for most of the money. Kefi also has 15 exploratoin areas in Saudi covering more than 1000 square km.

Personally I would be happy if the two sides of kefi were split then saudi would get the attention it deserves after all its the reason lths like me invested here in the first place.

“we have commenced establishing separate corporate structures for the

Company’s individual projects and transferring the respective licences within the group as appropriate.”

In Ethiopia waiting for sign off from Credit committees and boards which is the crucial phase think company expects news before the webinars early September but that's not a guarantee. In Saudi I personally would be disappointed if news did not drop within the next week or two on the gold mine project there (JQ).

Would be nice to see the news on JQ that has been hinted at especially as it well might be in operation first or at the same time as TK. Also the recent Exploration in Saudi that has been overlooked by the market.

Https://www.sprottmoney.com/blog/contrarian-take-gold-silver?utm_source=Zerohedge&utm_medium=Social&utm_campaign=blog_08-17-23 (gold)

https://www.youtube.com/watch?v=H1G5LDwHKtc (Peter Schiff/gold till 47.30 rest American politics)

Just in case people think they have wandered onto the Guardian letters page back to kefi.

https://www.fanabc.com/english/ethiopia-china-explore-ways-of-enhancing-investment-ties/?utm_source=rss&utm_medium=rss&utm_campaign=ethiopia-china-explore-ways-of-enhancing-investment-ties (Ethiopia general)

https://www.zawya.com/en/economy/africa/ethiopia-and-afdb-ink-843mln-grant-agreement-to-enhance-wheat-production-xzry2jlq (Ethiopia general best way to improve peoples lives investment)

https://www.arabnews.com/node/2356291/business-economy (Saudi mining)

TCM bit of a joke mentioning Afghanistan Iraq Libya they are all areas where we should not have interfered like Ethiopia. Think you are suffering from a classic case of white savour complex.

However to play along.

Tigray kicked the conflict off Government responded to protect the state and fought a lot of the battles in Amhara to save Amhara. Rather than award certain territories to either side the government agreed to have a vote in the disputed territories. If Amhara radicals had been at the table at the peace negotiations they would have dragged the whole process out as they wanted the Tigray region totally crushed and would just vetoed a settlement till they got awarded the territory's they wanted automatically.

Abiy tried to integrate the miltias and regional forces as there were simply getting too powerful and there was the risk that they would mutiny if the democratic vote in the disputed regions did not go their way. Plus regional forces were increasingly being used against other regions.

If the rebels were really the heroes you seem to think they are they would have gone the democratic route instead they started assassinating officials and stated their intention to overthrow the elected government and get all they wanted through violent means.

As for kefi they can help bring money into the country which all regions and groups need. Meanwhile feel free to give us a break from your half baked political theories.

TCM days late again with the news and the Economist sigh. The reality is Fano has been kicked out of the major cities and getting hammered by drone strikes. The other regions have backed the government and no support from Eritrea in spite of what some anonymous source says. In fact no evidence of any countries backing Fano at all.

However congratulations on missing all the news about what is actually happening and digging out a days old opinion piece which you manged to cut and paste over multiple posts which according to you cut and pasting is a grievous sin.

"Market cap was over £800m.... 3 months and a suspension later.. market cap £100m" ok will sell kefi at 800 million 🤣

Got one poster that does not seem to know we have a syndicate or Harry just imagined it the other does not seem to know who makes it up.

Just a reminder.

https://addisstandard.com/news-tulu-kapi-gold-mine-envisages-full-project-deployment-signs-final-umbrella-agreement/

ethiopian government trying to keep a balance between western and eastern interests they need continuing aid and money from the west and investment from china and the last thing they need is a another militia and a foreign one at that. ethiopia has actually had to swing more towards western interests recently which has been rewarded by money from the world bank.

the speed of the kenticha deal though suggest someone needs a kick up the **** to get things moving here. maybe if someone is dragging their feet the company should talk to some of the backers behind the kenticha deal.

Manu its simple a mining company exploration finding mining deposits and so on costs money if you do not understand that do not invest in mining companies. Stick to football where you cannot even get a decent goalkeeper for that.

I explained the relevance to kefi though maybe I should have used shorter words for you.

Looks like.

1.International investors are willing to invest money into a mine in the same region kefi is in (though its a different part).

2.They think now is a good time with an improvement in security.

3.It will be a major mining project creating a huge amount of money boosting the mining sector generally in Ethiopia.

4.The reason they can get going so fast is they have had a Tantalum mine in the area for some years.

HtTps://www.thereporterethiopia.com/35990/

(Highlights)

Kenticha Mining Plc is set to turn the switch on Ethiopia’s inaugural lithium mining project within months.

Located in the eastern Guji Zone of Oromia state, the project has attracted USD 11 million in investment so far.

According to the investors, the project will be a game-changer for Ethiopian exports, with the potential to generate USD five billion over the next five years.

Kenticha Mining, an amalgamation of investors from Australia, South Africa, and Ethiopia, secured a mining license from the Ethiopian Ministry of Mines (MoM),

The company has registered 390 million birr in investment capital

“The machines for the second phase will cost us USD 250 million.”

The company has already reached preliminary agreements with foreign partners. “Saudi Arabia is highly interested in purchasing our lithium production. They are planning to transition from fossil fuel production to electric vehicle batteries. So they want to buy large quantities of lithium from us,” Sammy explained.

“We could not start operations earlier due to security concerns. But the situation has stabilized since the Ethiopian National Defense Force (ENDF) began protecting the area,” Sammy explained.

https://www.capitalethiopia.com/2023/08/14/game-changing-lithium-production-to-commence-at-kenticha/

(Extracts)

The community based mining scheme at Kenticha in Seba Boru, of the Kenticha Mines, is gearing to develop lithium production, an expansion from its production and export of the tantalum ore.

Kenticha Mining plc which was formed by Oromia Mining Group, an enterprise formed by the Oromia Administration, private investors, and the African Mining and Energy (AME) based in Australia, disclosed that the value added operation will have mutual benefit for stakeholders including the public in the area and the government at large.

Andre Onana?

Thanks for reminding me kefi biggest project and two of their most advanced projects are in Saudi and its kefi Geo that keep knocking it out of the park with discoveries.

Two of KEFI’s three advanced projects are in Saudi Arabia - Jibal Qutman Gold and Hawiah Copper-Gold.

Both projects are GMCO discoveries and are enjoying very positive regulatory support as preferred development plans are determined.

Aggregate Mineral Resources across all three projects are 4.7 million ounces of gold-equivalent in-situ, of which 2.0 million ounces is KEFI beneficial interest.

Aggregate annual production from the three advanced projects is currently projected at 326,000 ounces of gold-equivalent, of which 148,000 ounces is KEFI’s beneficial interest, over an initial seven year period.

Current activities at Jibal Qutman are focused on the work required to complete the DFS and its approval by GMCO and our project finance lenders in Saudi Arabia.

The current Mineral Resources of 733,000 ounces gold is now being updated.

Have to laugh that someone that does not want Harry in control moans that project go ahead is not in his hands. The reality is most projects are in the hands of those financing the project in this case mainly the two African banks that's not new. Whats new is the changes to banking arrangements and Ethiopia joining one of the banks.

Not sure why there is a Dracula emoji in UPshunts post maybe its because like Dracula just when you think kefi is dead it rises from the grave.

While the move has to be done carefully the locals are getting a new houses and what is a ton of money for Ethiopia as well as local jobs.

https://www.miningweekly.com/article/akobo-appoints-consultancy-veteran-as-segele-mine-manager-2023-08-14 (Ethiopia mining)

https://www.ft.com/content/f7dd81b4-9d82-4856-bc91-f554487292d0

(Saudi and mining)

He urged them to follow the example of some sovereign wealth funds that are showing interest in investing in risky mining projects in the world’s dangerous regions.

He used Saudi Arabia’s Public Investment Fund (PIF) as an example of an investor considering projects that may not deliver short-term returns but would help production of vital metals for the clean energy transition.

Its development would boost the production of copper, which is expected to see a surge in demand in the next decade as it is used in car batteries, electric motors and power cables, vital for the clean energy switch.

The country is between India and Afghanistan.

https://www.youtube.com/watch?v=sa2w0gd2r0u&list=ple1y8hgsqr8ar1gkudfqfdk5yglilrdmz&index=1 23.16 minutes in (gold and the dollar)

https://en.daily****stan.com.pk/11-aug-2023/saudi-arabia-in-talks-to-acquire-shares-in-copper-mines-of-****san (saudi and copper mining)

Think he is just knackered trying to be across everything for instance the interview asked about pipeline of projects he could have talked about the recent exploration on new areas in Saudi the coming upgrade to JQ and so on but did not. Should have just got someone else to do the interview and should take a break for a couple of day and trust his team to deal with anything that's not crucial.