Member Info for Robjm66

Thanks for the link Frank.

Shame on you Bear you can see from AJS erudite post there are no bedwetters just people mystified by the fact that if at any time there are more sellers than buyers the price goes down while when there is more buying than selling the price goes up.

Its almost if some people traded a share rather than invested ;-)

https://goldprice.org/

htTps://www.thereporterethiopia.com/33210/ (Ethiopia general)

htTps://www.agbi.com/articles/saudi-public-private-partnerships-worth-billions/ (Saudi general)

htTps://www.argaam.com/en/article/articledetail/id/1636490
(Saudi mining)

https://www.nasdaq.com/articles/is-this-the-start-of-a-new-golden-age-of-gold-mining-deals

We may be about to enter a new golden age of gold mining deals as explorers and producers seek to capitalize on higher metal prices and gain exposure to other key minerals, including copper, at a time when consolidation in the gold industry vastly trails that of other metals...

htTps://kinesis.money/live-from-the-vault/over-100-nations-to-simultaneously-pull-out-of-the-dollar-system-feat-andrew-schectman/ (gold) Do not not buy the theory that things are being deliberately crashed to enable a reboot what I see is decades of mismanagement coming to a head but people can make their own mind up. Rot probably set in when everyone dropped of the gold standard and government started bribing people with their own money that was just inflated and chucked at any problem rather than solving it.

That aside though the smart money seems to either to be in gold already or going to get into it. Can see though the physical supply of gold drying up then money will start really flowing into gold miners 10p Target ;-)

TK not suitable for Artisanal mining methods that's actually a plus as it means they are not upsetting any locals that might otherwise want to mine there.

If you look at a chart kefi has nearly doubled since November and there is a clear trend line with some up and downs since then. You can expect even greater volume and SP when kefi hits certain milestones.

Been here as long if not longer than then you Ajs the Saudi prospects did not disappear and now are closer to being realised than ever.

Could go through all the logical reasons why but that might be wasted on someone who is looking forward to a lower price so they can sell their holding.

https://www.bnnbloomberg.ca/hudbay-minerals-strikes-all-stock-deal-to-buy-copper-mountain-mining-worth-us-439m-1.1907280 (copper takeover)

https://www.zerohedge.com/commodities/rickards-real-reason-gold-hasnt-exploded
(gold)

https://www.devdiscourse.com/article/politics/2416285-exclusive-ethiopia-seeking-2-billion-under-imf-program-sources-say (Ethiopia general)

https://www.ena.et/web/eng/w/eng_2688907 (Ethiopia general)

https://cma.org.sa/en/Market/NEWS/Pages/CMA_N_3318.aspx (Saudi mining)

https://www.americanbullion.com/what-is-highest-price-of-gold-in-history/

Not quite there yet https://goldprice.org/ now to see if if gets hit back down again or keeps this level.

https://www.fanabc.com/english/ethiopia-u-s-business-investment-forum-is-being-held-in-washington-d-c/?utm_source=rss&utm_medium=rss&utm_campaign=ethiopia-u-s-business-investment-forum-is-being-held-in-washington-d-c (Ethiopia invesment)

https://www.leaders-mena.com/fitch-upgrades-saudi-arabia-credit-rating-to-a-testimony-of-vision-2030-success/ (Saudi general)

Need more international mining firms lots of smuggling and dodgy operators which means the country misses out on the revenue. My guess is Akobo minerals helped as well with the new laws.

The reality is lenders will lend for a lot longer than before as four things have changed for the better. High gold price with indications it will get higher two the mining investment climate in Saudi three kefis other gold project Jibal Qutman is steaming ahead and will be in production at the same time or maybe even before TK considering how JQ is going and the kefi saudi listing which financiers will be interested in. These factors hardily get talked about though as it simply does not fit some peoples agenda.

From kefi website
Various questions regarding Ethiopia

Q: Now that KEFI is preparing to launch full development at Tulu Kapi, could you please summarise the experience of the KEFI team in developing mining and ore processing facilities?

A: The senior executive committee includes development specialist (the Head of Project Development Norman Green who founded African development contractor Green Team International) , Eddy Solbrandt (the Head of Organizational and Systems development who founded international consultancy GPR Dehler) , Rob Williams (Head of Corporate Development who has carried out development and operational roles in projects for the world’s largest miner BHP and companies led by the Chairman). And the Chairman who has, as Managing Director, guided the successful development of Australian projects in gold, zircon, alumina, magnesia and gas.

Q: Can it really be that hard and take so long to close financing, now that the government people are collaborating properly?

A: We obviously did not predict the range of challenges we would confront when we entered the country in 2014, before the much publicized conflicts had emerged. And without wanting to be seen to deflect the question, one should better ask why this is the first large-scale mining development in Ethiopia for over 30 years - in a highly prospective geological terrain.

Q. Why is it that KEFI is the only company at this stage? Where are all the other companies that have explored in Ethiopia?

A. Many regulatory policies have to be revised to accommodate our proposal, from allowing market-based interest rates to relieving the capital controls to allow debt and equity capital to receive interest and dividends without restrictions. They are just two of many regulatory aspects that have taken many years to address. And they are all critical to protect a c. $400 million syndicate of banks, contractors and investors - especially public shareholders who do not directly sit at the negotiating table.

Lastly, security needs to follow a belts and braces approach before deploying hundreds of people and hundreds of millions of dollars in a country which has recently experienced security issues.

Fortunately, it is obviously coming together at last. and we assure shareholders that discipline is being maintained on the sequence of implementation, to protect all stakeholders.

Q: Can you comment on some bulletin board participants claiming you are misleading shareholders?

A: Anonymous comments are beyond the scope of legitimate attention for the company. One should remember that we have some 5,000 shareholders and few people post on the chat rooms, for reasons that are not always evident or transparent. It is indeed not easy to comment on this without being targeted by more anonymous chatter.

Posted 12 April 2023

12.06 minutes in kefi

https://www.voxmarkets.co.uk/articles/john-meyer-covers-bushveld-minerals-greatland-gold-eurasia-mining-and-more-0d86b57/

https://ethiopianmonitor.com/2023/04/10/draft-mining-govt-procurement-laws-referred-to-parliament-for-approval/ (Ethiopia mining)

https://www.arabnews.com/node/2284441/business-economy (Saudi mining)

https://www.arabnews.com/node/2284431/business-economy (Artar Kefi JV partner)
From kefi website

Two questions regarding the share placing made 12 months ago

Q: First, the RNS at the time said the company intended to work hard to ensure security and all government clearances were in place within months . Why was this not achieved and why are we more confident now? Secondly, how have we not needed to raise more money to have kept working on so many fronts for the past twelve months? I fear we are going into large debts.

A: As regards the readiness of government in Ethiopia (for our project launch), we had many oral assurances twelve months ago and it is fair to say that the implementation belatedly started flowing early this year after organizational changes within government. Unfortunately we cannot take short cuts on security and certain key requirements for providing finance. But fortunately these requirements are now well and truly being implemented. The project has the highest levels of government focus and support now, for which we are very grateful and now work hard to launch.

As regards the company’s spending rate and use of debt, we have indeed worked hard to make progress but still be very frugal pending key milestones being achieved (notably in respect of the Tulu Kapi financing). For example, our service providers are largely payable at finance closing and our partners keep funding directly into the projects. The unsecured advances drawn are only half the levels we have used previously when we got up to c.GBP3 million. We greatly appreciate the confidence and support of our service providers and partners and of course the parties who provide unsecured advances.

We understand the frustration and anticipation and can assure that all parties, including government, are indeed finally formalising approvals in synch. It will shortly be seen to have all been worthwhile.

Posted 11 April 2023
"The unsecured advances drawn are only half the levels we have used previously" "It will shortly be seen to have all been worthwhile."
Really should have said this before then we would not have had all the "experts" saying fund raising next week every couple of days.

https://www.zawya.com/en/projects/mining/saudi-arabia-shortlists-13-bidders-for-muhaddad-and-ar-ridaniyah-exploration-licenses-h0vch1qs

Saudi Arabia's Ministry of Industry and Mineral Resources released on Sunday the list of 13 local and international companies qualified bid for the exploration sites of Muhaddad and Ar Ridaniyah.
?Abdulrahman Saad Alrashid & Sons Co ARTAR
https://mining.mim.gov.sa/pages/public/MiningLicensingRoundRadinya.xhtml
https://mining.mim.gov.sa/pages/public/MiningLicensingRoundAlMohdad.xhtml
https://www.saudigulfprojects.com/2023/02/saudi-arabia-invites-pre-qualifications-for-licensing-of-five-exploration-sites/

https://apanews.net/2023/04/09/ethiopian-pm-warns-agent-provocateurs/ (Ethiopia general)https://allafrica.com/stories/202304100170.html (Ethiopia general)
https://www.abc-saudiarabia.com/News/1/345874 (Suadi general)

Well sorry its Easter but just too much going on not to post.

https://www.zerohedge.com/news/2023-04-07/gold-army-emerges-trojan-horse-comex-caught-sleeping (gold and silver)

https://www.mining.com/central-banks-are-buying-gold-at-a-record-pace-so-far-in-2023/ (gold)

https://www.thereporterethiopia.com/32946/

What is behind the gold rush?

Extracts but worth reading the whole article

"Of course, Benishangul fares better compared to the gold supplied by other regional states. There are 96 special small-scale miners in the Oromia regional state, 41 in the Southern Western regional state, and 47 in Gambella. However, gold supplied from all the regional states to the central bank in the past eight months has been slashed by more than half. This is a free fall from the 8.7 metric tons (8,700 kilograms) of gold Ethiopia exported last year.

“The amount supplied by artisanal miners and special small-scale miners has substantially dropped from last year,” said Awoke. “Most of the gold is going to the contraband market, due to several factors.”

"According to The Reporter’s assessment, particularly on Benishangul, the parallel market involves several factors, but mainly, the central bank’s gold purchasing price is discouraging the players. The informal market players are offering a much better margin."

"Currently, the Ministry is studying a new gold purchasing premium, which reportedly aims at increasing NBE’s purchasing premium to 85 percent from the current 35 percent.

“We have submitted the study to the NBE,” confirmed Awoke, refraining from mentioning the new figure. However, he says the MoM does not believe that increasing the premium will be a lasting solution."

Though he is new to the sector, Habtamu Tegegn (Eng.), newly appointed Minister of Mining, also seems to understand the Achilles heel of the mining sector.

“A huge mining resource is being abused. Especially the gold contraband, which is significantly increasing. Theft of gold has increased. The government system itself is part of the problem,” he said during his first appearance as minister at the Parliament this week.

"The miners, according to him, need several supports, including technology, a laboratory, and financing. “There is nothing invested in the mining sector. There can be no return without investing. It will take several years to change this situation,” he added."

Par for the course for aim except its an aim miner that has actually found not one but multiple resources. What's annoying is kefi has great cards in its hands.
If Harry is struggling to put deals together he should get some help and expertise from outside the company. Just a reminder " KEFI's aggregate beneficial interest in this metal content is approximately 50% of the total or US$4.8 billion."
You can forgive struggling with a poor hand but kefi have the equivalent of a royal flush of projects.
Any more perfect time to have a couple o f gold mines in pipeline than now or a big copper project or having a chance of an Saudi IPO well i could go on and probably will lol but you get the point.
What the company and harry needs to do is use the these presentations to investors from the middle east to avoid any more dilution (period) of present shareholders of kefi or the share of Saudi. Then hammer the message home that that is the situation.
It simply should very possible to do so with the way things are now.

https://www.miragenews.com/australian-mining-firms-eye-saudi-arabia-981303/ (Saudi mining)

https://www.fanabc.com/english/dubai-investment-park-keen-on-building-industrial-park-in-ethiopia/ (Ethiopia general)

https://www.2merkato.com/news/energy-and-mining/7175-ethiopia-benishangul-gumuz-registers-low-income-from-gold (Ethiopai mining)

https://www.gainesvillecoins.com/blog/hierarchy-of-money-case-for-8000-gold (gold)