Member Info for Robjm66

Everyone will get an opportunity to ask questions through the webinar usually they are about an hour and a bit long with about half an hour or more of questions. Then questions that are not answered due to time constraints are usually answered afterwards.Webinar is saved on the investor meet platform which is free.

Will write it up as normal here and on Advfn though I am a dyslexic one finger typist so a bit slow but would think people will get the gist of it live by watching it.

https://www.investegate.co.uk/kefi-gold-and-copper--kefi-/rns/q4-2022-operational-update/202302020700057122O/

https://www.investormeetcompany.com/

Talks a lot about GMCO rather than just kefi maybe JV will be listed (Artar and Kefi) rather than just kefi? Lots of developments lots of Questions think its going to be a very long webinar.

https://www.***************************/kefi-gold-and-copper-continues-to-progress-its-three-advanced-projects/4121103713

“KEFI continues to progress its three advanced projects: the Tulu Kapi Gold Project in Ethiopia which is now finalising the project’s US$320 million financing, the Jibal Qutman Gold project in Saudi Arabia targeting start-up at the same time as Tulu Kapi and the Hawiah Copper-Gold project, also in Saudi Arabia, already larger than the other two projects combined and planning construction after the two gold projects have started production.

“In Ethiopia we have already launched key initial aspects of the Tulu Kapi development and intend to continue our staged build up to full launch in full collaboration and support of all key stakeholders. Our holding is now planned to be c.80%.

“In Saudi Arabia during 2023 we focus on the Definitive Feasibility Study and project financing for Jibal Qutman, the Pre-Feasibility Study for Hawiah and the regional exploration programme. Our holding is now planned to be 30%.

The Company will soon provide a presentation and live webinar via the Investor Meet Company platform, the details of which will be announced in due course.

The presentation will be open to all existing and potential shareholders. Questions will be able to be submitted at any time during the live presentation.

hxxps://www.investormeetcompany.com/

https://www.zerohedge.com/markets/gold-demand-hit-11-year-high-2022

https://www.kitco.com/news/2023-02-01/Gold-price-gains-as-Fed-Chair-Powell-talks-disinflation-but-warns-it-s-too-early-to-declare-victory.html

https://www.zerohedge.com/news/2023-01-31/tide-has-turned-precious-metals-monthly-wrap (gold/sprott)
https://www.fanabc.com/english/amp/ethiopia-uk-vow-to-strengthen-bilateral-ties/
(Ethiopia/uk)
https://www.nasdaq.com/articles/preview-squeezed-mining-companies-face-growth-dilemma (general)
https://www.zawya.com/en/projects/industry/saudi-maaden-awards-epcm-contract-for-phosphate-3-phase-1-project-bxkc85ux (Saudi mining)

https://www.fanabc.com/english/pm-abiy-ahmed-convenes-prime-ministerial-advisory-group/ (general)
https://goldprice.org/

I would think the price would equalize roughly on both exchanges Bishop maybe ten twenty percent cheaper on aim anymore than that and it would just need someone on an Arabic kefi bulletin board to point out the disconnect and no I do not speak Arabic.

https://www.argaam.com/en/article/articledetail/id/1618739?utm_source=ArgaamSM&utm_medium=twitter also version in arabic.

Well will partially shoot you down Bishop investors will flock to any Saudi listing for the same reason they flocked to the Amak one its a way to get on the ground floor in a Saudi mining company listing in Saudi. This is the factor you would have not got by listing in Australia or Canada where there is fierce competition between mining companies. Then add in the extra factors that kefi has better resources base, better exploration base, a partner in Artar, more focus on the mining sector in Saudi than when Amak listed and all the potential investors that saw what happened with Amak and the recent success of other listings in the KSA.

https://financialpost.com/pmn/business-pmn/kefi-gold-hires-advisors-for-dual-listing-in-saudi-stock-market

The proposed listing of Kefi Gold in Saudi Arabia follows agricultural commodity trader Olam Group exploring a similar plan, potentially becoming the first companies from outside the Middle East to trade on the kingdom’s exchange. The London-traded firm said it examined a potential dual-listing in either Canada or Australia but is now prioritizing Saudi Arabia. It didn’t provide the names of advisers.

With almost $23 billion raised through initial public offerings in the Gulf last year — about half of the total fetched throughout Europe, the Middle East and Africa — the region emerged as a bright spot in what was otherwise a grim market for share sales, as high inflation and rising interest rates resulted in the worst year for stocks since the global financial crisis.
Olam Group, one of Asia’s biggest agricultural commodity traders, said last month that it will pursue a listing for its agribusiness unit in Singapore and a potential concurrent one in Riyadh this year.
Kefi Gold already has operations in the kingdom and expects two gold and copper projects to begin production in 2025.

Pat harry did the proactive piece and we had a really good analyst report. TK is totally in the Ethiopians court now company have done all the can so makes sense to not sit around twiddling their fingers but push on on the other half of their business. The Saudi news should help hit the warrant price which is part of the TK finance as well.

For the conditions for harry to hit his remaining bonuses (which Fever conveniently forgets)Completion of the Project within the Project budget approved by the senior lenders. Additionally, Tranche 2 will only be paid when the closing mid-price of the Company's shares is above 4.0p for five consecutive trading days.

Tranche 3: Upon the sale and physical delivery of 35,000 ounces of gold equivalent. Additionally, Tranche 3 will only be paid when the closing mid-price of the Company's shares is above 5.0p for five consecutive trading days.

So post TK launch on one delivery of gold and a four and five pence share price really scary.

Classic Fever tactic deflect from any good news the reality is in the future most of kefis revenue and projects will come from Saudi. This also means post listing the company will be able to source funds from Saudi in advance of mine production instead of shareholders if the knockers engaged their brains for a second..

"Whilst we expect to significantly expand these resources over the coming years, the KEFI beneficial interest is already in similar to those of another Saudi-listed company with a market capitalization in excess of US$1 billion, demonstrating the demand for mining investment opportunities within the country.

… now is the ideal time to plan a dual-listing at the appropriate time and expect a positive reception for what would be the first pre-production miner and only the third mining company to list on the Saudi Exchange."

Simply got to grab these kind of opportunities when they are there.

https://www.arabnews.com/node/2039116/business-economy The amak
Listing which kicked it all off

The offering was 73.6 times oversubscribed, setting the final price at SR63 per share, according to a statement by Al Rajhi Capital.

https://english.alarabiya.net/business/markets/2022/02/23/Saudi-Arabian-miner-AMAK-set-to-raise-up-to-1-25-billion-riyals-in-IPO

https://www.kefi-goldandcopper.com/files/presentations/kefi-investor-london-investor-presentation-28nov22a.pdf page/slide 24 comparison

KEFI (AIM: KEFI), the gold exploration and development company with projects in the Federal Democratic Republic of Ethiopia and the Kingdom of Saudi Arabia, is pleased to announce that the Company has appointed advisers to prepare for a potential dual listing of the Company's shares on the Saudi Exchange, based in Riyadh, in the Kingdom of Saudi Arabia....

Holy S**T.

Thought they would go for a listing of some sort eventually as the argument's for doing so are so compelling but thought people would have to moan push nudge then it would take time for them to start to get their act together to do so.
Just great news.

https://english.news.cn/20230131/bfde52e6bf77404197d508668aa6236c/c.html (Ethiopia general)
https://www.fanabc.com/english/ethiopia-uae-agree-to-foster-strong-investment-ties/
(Ethiopia investment climate)

Apologies I missed this somehow the mining minister was ratified in his position some days ago.

“The House ratified the appointment of three ministers
(Parliamentary News); January 24, 2023; The Federal House of Peoples' Representatives has ratified the term of office of 3 ministers in the 9th regular session.
The three appointed ministers are Alemu Sime for Ministry of Transport and Logistics, Habtamu Tegegn for Ministry of Mining, and Girma Amente for Ministry of Agriculture.
It was the Honorable Tesfaye Beljige, the Minister for the government Whip, who presented the background and work experience of the three ministers to the House.
The house approved the appointment by majority vote with ten against and two abstentions.

Translated by Yared Eshetu”

https://www.zawya.com/en/press-release/companies-news/eurasian-resources-group-enters-the-kingdom-of-saudi-arabia-plans-long-term-investment-tdt5s83a (Saudi mining)

https://www.consultancy-me.com/news/5683/saudi-arabias-2023-economic-outlook-7-charts-by-strategic-gears (Saudi general)

https://www.thereporterethiopia.com/30240/ (Ethiopia general)

https://www.zerohedge.com/news/2023-01-27/russia-price-silver-gold-grams
(Gold) cut the first 4 minutes some of the rest a bit over my head but worth a listen, maybe kefi can find some areas with nice silver grades as well as gold?

Had a late move in the gold price meaning it is likely to stay well above the 1900 dollar mark for the second week, every bit helps.

https://www.fanabc.com/english/ethiopia-finalizing-preparations-to-launch-capital-market-within-two-years/ (Ethiopian investment climate)

https://www.africannewsagency.com/agence-de-presse-africaine/ethiopia-world-bank-sign-two-grant-agreements-amounting-to-745m-8d6b88ca-5cd4-57e4-8381-a11bf4ece1cc/ (Ethiopia general)