Member Info for Robjm66

When we will we know we are effectively there bar the shouting? Equity funds flowing to project well everything would be signed of and everyone happy well before that stage, shareholder approval well everyone know shareholders will not say no, independent approval of compliance just blah blah basically making sure kefi are following the rules which of course they will be doing. The African banks having the same protections that that’s done so comes down to just the next two steps which are the crucial ones on that list the mining ministry approvals and the final credit approvals which should be ongoing now. Certainly harry talks about the mining ministry tying up loose ends and the Umbrella agreement will be tied to the final lender credit approval.

"We expect the project finance syndicate to sign the Final Umbrella Agreement later this month,"

Painfully slow but getting there and for once that should work in kefi favour with a higher gold price. One thing the company should do though is a webinar to walk us through all the moving parts.

Presentation to Regional Investors in Addis Ababa, Riyadh and Dubai my guess is they are approaching investors to so they do not have to dilute the share of the Saudi projects hence inclusion of Dubai.

for the Tulu Kapi gold project in Ethiopia where last week the Tulu Kapi syndicate's two development banks visited Addis Ababa for the second time in the last month, to meet with the newly-appointed Ethiopian Minister of Mines, H.E Habtamu Tegegn, with whom it was jointly undertaken to quickly resolve any loose ends in respect of the final substantive conditions precedent ahead of expected signing within the next month or so of the Final Umbrella Agreement.

However, the Final Umbrella Agreement is also intended to confirm that project costs and financial contributions will have been updated, along with technical and legal due diligence having been updated, definitive agreements prepared and that the key required government actions will have been agreed and being duly followed through with.

We expect the project finance syndicate to sign the Final Umbrella Agreement later this month,

Can kick but only a small can kick this is going to happen wonder who they are giving the presentations to?

https://www.zerohedge.com/markets/gold-bonds-soar-after-weak-jobs-manufacturing-data-rate-cut-odds-soar

Thought it might breakthrough today now to see if it holds or is manipulated down or you get another spike. Anyone know any miners that have two gold mines in the pipeline but are under a penny?
https://www.kitco.com/news/2023-04-04/Gold-price-jumps-40-to-trade-above-2k-as-Jamie-Dimon-warns-the-banking-crisis-is-not-over.html

https://theprint.in/india/gold-races-past-2000-oz-after-weaker-u-s-data/1497062/

https://goldprice.org/

Got sympathy but maybe remember the reason that you invested here was the Saudi prospects that are now being realised. If you are still holding you got the choice of selling at a loss holding and reducing or eliminating the loss or topping up and hopefully making a good profit. If you have zero confidence in kefi getting anywhere with any of its prospects sell and in a new environment of higher commodity especially gold should enable anyone who has a bit of a clue to make good money even with a small initial stake.

Well seems all a bit to coincidental to be a coincidence if that makes sense got SB. Kefi highlights bank Ethiopia joins bank organisation all three part of the consortium of TK, AFC looking at including mining sector.Also fits in well with Ethiopian philosophy of African solutions to African problems.

TK launch should be low hanging fruit now for all three organisations.

https://www.africafc.org/news-and-insights/news/ethiopia-becomes-africa-finance-corporations-40th-member-state

https://twitter.com/kefiminerals/status/1640247594931695618

Extract

Ethiopia’s membership of AFC comes at a time of heightened economic momentum in the country. AFC has already identified a US$300 million pipeline of projects to capture value from Ethiopia’s metal and mineral exports and bring jobs in catalytic sectors including power, renewable energy, logistics, telecommunications and mining, advancing the country’s position as one of Africa's fastest-growing economies.

Ethiopian Minister of Finance, Ahmed Shide, said: "The experience, knowledge and capital represented by Africa Finance Corporation
n will be essential to building sustainable infrastructure at scale to catalyse growth and jobs, aligned with our economic reform agenda and broader development goals.”

No problem keep up the good work. Think originally the plan would have been for this news to drop after full go ahead on TK. Just you cannot stop drilling on a good prospect half way through while waiting for another one to pay off.

https://goldprice.org/ gold on a tear again might see another run at the 2000 mark again tomorrow.

https://www.proactiveinvestors.co.uk/companies/news/1011004/kefi-produces-maiden-resource-estimate-for-al-godeyer-copper-gold-project-in-saudi-arabia-1011004.html?viewSource=TwitterUK

https://www.youtube.com/watch?v=mC0s3rvVhMk from Ben on kefi

https://twitter.com/BenGrahamStocks/status/1642799829263831040

https://www.***************************/kefi-gold-and-copper-maiden-al-godeyer-resource/4121113137

https://www.kefi-goldandcopper.com/files/announcements/maiden-al-godeyer-resource-3april23.pdf

Mineral resource table at end.

https://news.cision.com/akobo-minerals-ab/r/akobo-minerals-starts-up-operation-of-ultra-small-plant-to-process-first-gold,c3745573

https://www.zawya.com/en/projects/mining/saudi-awards-2230-mining-permits-iklm2ra5

Needs to be confirmed by big media sources but Gambella liberation front looks to have come to a peace agreement. Way things are going might see other peace agreements earlier than expected in Ethiopia.

In Saudi Arabia, the Jibal Qutman Gold Project ("Jibal Qutman"), the Hawiah Copper-Gold Project ("Hawiah") and the other Saudi projects are under GMCO (now planned to be 25-30% owned by KEFI). In Ethiopia, the Tulu Kapi Gold Project is under TKGM (now planned to be 70-80% owned by KEFI). Final beneficial ownership will depend on project financing requirements.

Highlights

-- Maiden Al Godeyer Inferred Open-Pit Mineral Resource Estimate of 1.35 million tonnes ("Mt") at 0.6% copper, 0.54% zinc, 1.4g/t gold and 6.6g/t silver potentially complements the Inferred Resources reported for the Open-Pit Scenario at the nearby Hawiah deposit of 11.1Mt, as announced by KEFI on 9 January 2023.

-- Al Godyer continues to be open at depth and along strike

This reaffirms the potential for an initial open-pit mining operation at Hawiah as does early oxide metallurgical testwork which indicates that the Al Godeyer ore can be processed at the Hawiah plant

demonstrates our ability to discover and rapidly advance projects in our ever-growing exploration portfolio within the Kingdom of Saudi Arabia, with the GMCO team taking the Al Godeyer target from a mineral occurrence to a JORC compliant resource in a little over a year.

"Elsewhere within the Kingdom, the Jibal Qutman project is advancing on schedule with our aim to start construction by the end of 2023.”

Kefi geo team hits it out of the park again. As it is open at depth and along strike could end up to be a another big resource not just a complementary project to Hawiah though it helps being so close.

https://www.intellinews.com/trafigura-sees-copper-surging-to-12-000-per-tonne-amid-energy-transition-274324/

Trafigura, one of the world’s largest commodity traders, expects copper prices to rise by a third from its current levels due to a global shortage and hit $12,000 per tonne within the next 12 months. The copper market was already running on inventories that covered only 3.5 days of global consumption equivalent at the end of 2022, and shortages may continue as demand outpaces supply, according to Trafigura’s co-head for metals and minerals trading.

Goldman Sachs is even forecasting the price of $15,000 per tonne by 2025. While oil prices surged in the fossil fuel era, copper has become the new oil in terms of driving the green energy transition amid today’s focus on decarbonisation. As a result, the red metal is set to surge until the balance of demand and supply restores sometime in the long term.
https://www.kefi-goldandcopper.com/projects/saudi-arabia/hawiah