Member Info for Robjm66

Not totally sure when normal people will pile in probably depends a bit on what kind of investments are put in front of them as not everyone is going to get a few gold coins or bars or invest in mining companies. Probably see a plethora though of schemes that have a gold or precious metals element or are “gold backed”. Saw it with digital currencies with the thousands of different coins probably see a crossover with gold backed digital currency's.

Luckily have no normal people here ;-)

https://www.forbes.com/sites/zengernews/2023/01/03/saudi-arabia-looks-to-mining-as-way-to-diversify-its-economy/
https://www.gurufocus.com/news/1919764/robert-friedland-to-deliver-a-keynote-presentation-at-the-future-minerals-forum-in-riyadh-saudi-arabia-on-january-11-2023

https://*************.net/gold-sees-best-quarter-since-mid-2020
https://goldprice.org/
Going to be up and downs but would expect gold to eventually hold over 1850 then push over 1900 1950 and the big one 0ver 2000. After that liable to get a pile on from institutions and the crowd that chase any bandwagon. You have a concerted push from the wallstreet silver crowd (an offshoot of the wallstrteet bets crowd to push the silver price up).The get any success there and the next target is gong to be gold. Once gold suppression is broken going to a massive move in gold though do not really need a massive move here though it wold be nice.

Thanks Fantasy agree silver and gold should do well just not sure which will break out first. As for delays Ethiopia is much harder place to do business in than Saudi now that Saudi has got fully behind its mining sector and the TK deal is very complex so progress is torturous there.
Agree as well about communication though the company actually used to be worse at it at least now we have the webinars and Q and A section but still going to be times when we are trying to read between the lines unfortunately.

Overall Saudi operations have been going very fast last year Fantasy. Overall have a great easy to get going project in JQ where financing will be lined up as soon as JQ goes to mining licence from exploration licence, huge exploration portfolio and mega project in Hawiah. Slightly off topic but what do you think of silver could it climb (multi bag) till it is a factor in the hawiah resource?

Fantasy looks like Hawiah PFS was delayed a bit into January that could be a good sign in that they want TK news first or that they are switching focus in Saudi to JQ or you will have an update covering both JQ and Hawiah.

Fantasy not on that slide so much but kefi did have to get JQ back but did so and now has additional areas in the JQ area which is made up of three licence areas now I think so we plenty of room for expansion there. Plus slide does not include all the multiple new licence areas given to Kefi.

https://www.kefi-goldandcopper.com/files/presentations/kefi-investor-london-investor-presentation-28nov22a.pdf
Page/slide 24 That’s how out of wack things are.

Well looked for a second that gold would just steam past 1850 mark but kind off bounced of it instead still up though and well above 1800 mark.

Doubt Harry has is a broken man the one thing about him is his stubbornness while that can be a liability at times it means he does not give up.

Its is poor Fantasy not updating shareholders even a happy new year and things are still on track on the Q and A section of the kefi website wold be something. Just crossing fingers that this all means they are working on a more substantive update.

Means something for JQ that would be in production not that far after TK and the Saudi prospects but company needs to update shareholders on Ethiopia this week.

Well while we are waiting can watch gold go up
https://smallcaps.com.au/gold-2023-can-it-breakout-at-last/
https://www.reuters.com/markets/commodities/gold-climbs-six-month-peak-thin-trade-ahead-fed-minutes-2023-01-03/
https://goldprice.org/

https://twitter.com/EthioInvestment/status/1608724239636647937
#Time_to_InvestInEthiopia
#Ethiopia
Ethiopia has vast mineral potential…which makes Ethiopia ideal for Mining investment...
https://omannews.gov.om/topics/en/80/show/111236
(saudi listings)
https://www.presstv.ir/Detail/2023/01/02/695590/Iran-investment-copper-production-mining
(copper market)
https://www.zawya.com/en/projects/mining/saudi-arabia-has-all-the-ingredients-to-be-successful-in-mining-jnoq3d28 (saudi mining)

Well get TK go full ahead will blow past one pence probably on the day and will keep going as story spreads leading to triggering of warrents. Then Saudi will start getting more attention with a stream of updates expected there (with Ethiopia no longer a distraction) KSA will get more attention from the market and Kefi and Artar will start seriously looking at a G & M listing so they can compete with the big mining firms for new areas while exploring the ones they already have.
Would expect rapid progress converting the JQ exploration licence area to a full mining licence then you are talking two gold mines instead of one. Hawaih will just get bigger an update from there probably not far off.
When gold gets past the big 2000 dollars mark will see sentiment in mining stocks shift it’s a good omen that it held over 1800 gong into the new year.
Its all good really once kefi gets over the TK hurdle and it just a guessing game over how much kefi will bag and over what time frame.

Lol snap. Think the modifications were to the share price 3 4 or 5 pence would look good right now.
https://www.kefi-minerals.com/files/announcements/kefi-modification-to-executive-bonus-plan-9june21.pdf

Tranche 1: Entering into a senior facility agreement for the TKGM Project and receipt by the Company of at least $20,000,000 of funding for the Project (Funding no later than 31st December 2022 (this date was extended from 2021 due to force majeure conditions in Ethiopia). Additionally, Tranche 1 will only be paid when the closing mid-price of the company’s shares is above 3.0p for five consecutive trading days.

Tranche 2: 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.$0.5Million -
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 $0.5Million
https://www.kefi-goldandcopper.com/files/reports/kefi-annual-report-2021-website.pdf page 50 I may have missed something but thought it was extended.

Yes Fantasy was some change so the bonus scheme was a bit less outrageous but think he still gets money if he hits certain targets which included the share price hitting certain levels. I am ok with people getting rewards for hitting targets and when the shareprice hits certain levels as “interests are aligned” just not the prizes for everyone culture unless it includes me of course should be some kind of long service medal for kefi shareholders at least ;-)

Maybe give harry a knighthood instead if he gets TK over the line.

Best timing for Saudi update is before or at the same time as the future minerals forumn where Brian Hosking is a panelist https://www.futuremineralsforum.com/
https://www.futuremineralsforum.com/speakers/speakers/brian-hosking/?backto=4895

Best timing (now) for TK is before any Saudi update.

Cannot remember if the bonus scheme for Harry and John Leech was scrapped or not, if not they are getting punished for missing the deadline of December 2022 by missing out on a tidy half million each. So personally not going to cry too much if we get news early January if this is the case.

If you really want to give Harry a kick up the **** save all the “time to kick out Harry”(which is not going to happen in the near future) BS and email the company making it clear that no rejigging of the bonus scheme will be welcome if it involves Harry getting extra rewards for just doing his job and getting TK over the line (late).

Happy new year.

https://www.zawya.com/en/press-release/research-and-studies/saudi-arabia-has-all-the-ingredients-to-be-successful-in-mining-cq6k9l7y Investment climate Saudi

https://www.zawya.com/en/projects/mining/saudi-issues-38-mining-permits-in-november-rq0lwf6o Investment climate Saudi

https: //africanminingmarket.com/saudi-arabia-sees-an-increase-in-mining-licenses-awarded/14842/

https://abcnews.go.com/International/wireStory/ethiopian-police-enter-tigray-capital-peace-agreement-95945413 Investment climate Ethiopia (this follows banking services, internet, telecom services steadily being resumed Eritreans largely withdrawing, heavy weapons being gathered for hand over and a monitoring team now on the ground)

https://www.zerohedge.com/markets/role-gold-may-be-changing-central-banks-panic-buy-precious-metals-2022 gold

https://www.zerohedge.com/markets/doug-casey-2023-will-be-year-gold gold
https://goldprice.org/ gold to hold over 1800 this year?

https://www.ena.et/en/?p=41622
“UK Sees Potential of Ethiopia as Real Partner, Keen to Strengthen Cooperation…
“With Africa, they have identified five countries. Two in eastern Africa, Ethiopia and Kenya. So, they have already recognized the potential of Ethiopia as a real partner to benefit their national interest,” he stated.
There are also more than 50 African embassies in Addis Ababa. Therefore, any potential partners do not need to go to 54 African countries, if they invest in Ethiopia.
He further noted that Ethiopia is privatizing and opening up the economy.
Moreover, London is also one of the financial centers in the world and we are working to show them the opportunity that Ethiopia has in terms of investment”
…
Hmm I have an idea to get your mining sector really going and increase uk and western investment.