Member Info for Robjm66

Nice.

With its links to governments and politicians this means kefi now on the radar of the movers and shakers.

https://en.wikipedia.org/wiki/Chatham_House

Thanks Smellyben look forward to your opinion on how is went.

Will anyone from here be able to make it to either of the presentations?

Best time for a placing assuming one is needed is post the exercise of warrants. Certainly, would not make any sense doing one with the TK full launch around the corner. Timing of the presentations probably more connected to the pr marketing of TK launch and makes sense to have one of the presentations on one of the mines and money days which is just around the corner as some kefi shareholders will probably be attending that plus others that are attending might be interested.

https://www.gulf-times.com/story/708935/saudi-wealth-fund-rakes-in-5bn-as-demand-for-stocks-booms
Share sales in Saudi Arabia have seen huge investor demand, with most IPOs getting priced at the top of offering ranges and surging on their trading debut. The Saudi benchmark index has jumped about 9% this year, extending its 2021 gains of 30%. about $5bn over three months.
https://www.thearmchairtrader.com/americana-ipo-saudi-arabia-pricing/
region is a staggering 58 times oversubscribed as it heads for listing on two Middle East bourses, the UAE and Saudi Arabia. It is being priced at the higher end for the IPO at Dh 2.62 in the UAE market and 2.68 Saudi riyals in Saudi Arabia.
In the Saudi listing it has also been reported that the retail allocation has been increased – at the expense of the institutional allocation – to meet popular demand. It is the biggest Saudi IPO of the year.

No Probs.

No better to get the marketing PR going pre full launch and walk people though what kefi has including the Saudi side then sign. Then probably some ceremony in Ethiopia with all the bells and whistles.

Slide 7 looks like kefi share depends on how much the Ethiopian government puts in.
Slide 24 comparsins to Amak the miner that was oversubscribed https://www.arabnews.com/node/2039116/business-economy
• AMAK (Al Masane Al Kobra Mining Company) is listed on Saudi Stock Exchange and has a market cap of $1.3 billion
• KEFI is listed on AIM with a market cap of only $41 million
• KEFI owns 30% of G&M and also owns the 1.7Moz Tulu Kapi Gold Project
• Hawiah has similar grades to Al Masane with a 3X larger resource • Jibal Qutman resource has 3X more ounces of gold
Slide 25
Three Exploration Licences cover 270 Km2 of prospective strike
• Mining Licence application area covers 26 Km2
• Within this area there are several ancient workings and prospects for gold, with grab samples from the area showing areas or high-grade gold mineralisation.

The combined NPV of KEFI’s 3 most advanced projects is £226M, after the Company has raised and invested £90M since the IPO. Market capitalisation today is 16% of NPV. KEFI has arranged full funding for Tulu Kapi Gold and is in process of Board approvals and sign-offs by year-end 2022 for Project launch in Ethiopia. Jibal Qutman Gold in Saudi Arabia to follow within 6 months and the Hawiah Copper-Gold in Saudi Arabia follows the start-up in 2025 of both TK and JQ.
Hawiah, Saudi Arabia: • Update Mineral Resource Estimate in December • PFS well advanced for completion early 2023 to reflect expanded resources
In 2026 KEFI expects Tulu Kapi and Jibal Qutman to be entering their second year of production and Hawiah to be in construction
Gold and copper prices are fixed at $1,650/oz and $3.59/lb in both NPV calculation

Would suggest new potential investors actually look at the presentation and the information on the kefi website.

https://www.kefi-goldandcopper.com/files/presentations/kefi-investor-london-investor-presentation-28nov22.pdf

"70 to 80 percent and almost entirely funded by regional investors via convertible subordinated loans to KEFI Ethiopia," Presentation will pop up on the website shortly I assume you are a new shareholder here Equanimity?

Not anything we did not know but FJones40 not a deramper but agree one of the guys commenting a bit of a muppet.

SB only a snapshot of where kefi is now according to Edison and if conditions stayed the same where they would be in time. Whether you are negative or positive no one expects conditions to stay the same especially if you expect TK full steam ahead and Suadi listing. Personally think TK alone does not need to get us to 5p but add in JQ, Hawiah, Saudi listing...

https://www.edisongroup.com/wp-content/uploads/2022/11/November-2022-Edition-of-Edison-Insight.pdf
Page 34 However, this valuation rises to over 5p in FY26 at spot metals prices. We will update our forecasts and valuation shortly.

https://www.africaintelligence.com/eastern-africa-and-the-horn/2022/11/24/addis-goes-for-gold,109867703-art
What a tease sorry.
https://www.abnnewswire.net/press/en/115040/NSX-Limited-%28ASX-NSX%29-Chairmans-Address-to-Shareholders.html
Joint Venture with Ajlan Bros Mining Co
As previously advised a formal Heads of Agreement has been signed with Ajlan Bros Mining Co to build a fourth Exchange in the Kingdom of Saudi Arabia. Along with Executives from the Company I met with the CEO and COO of Ajlan Bros Mining Co, and KSA dignitaries in early November in Sydney. As part of the meeting, we discussed the joint venture contract and I am pleased to report that we are now preparing a final draft for execution.
Probably better kefi go onto an exchange that is already in Saudi due to the time factor but maybe move onto this exchange at a later date. However does show the growing interest in the KSA mining sector.

https://www.zawya.com/en/projects/mining/saudi-firm-wins-new-mine-license-muod8tqh
https://www.bnnbloomberg.ca/saudi-wealth-fund-raises-610-million-in-stock-exchange-sale-1.1845128
Saudi Arabia’s sovereign wealth fund raised 2.29 billion riyals($610 million) from the sale of a 10% stake in the kingdom’s stock exchange as part of its plans to pare down holdings in some of the country’s biggest companies and fund other investments… I know a certain miner
“Investors put in orders for all the stock on offer within an hour of the books opening on Thursday, the latest example of strong demand for share sales in the Middle East.” hint hint
About a year ago, the PIF sold a 30% stake in Tadawul in a $1 billion initial public offering and the bourse operator’s shares have since doubled. The fund also raised $3.2 billion from the sale of a stake in Saudi Telecom Co. in December last year.
IPOs have been booming in the Middle East since last year on rising oil prices and investor inflows into the region at the start of the year, hint hint
Hope I am not being too subtle for anyone from kefi watching the boards.

Nice find with the twitter obviously the mining minister thinks he is backing a winner and he is in a position to know.