Member Info for Robjm66

Well ignored this thread earlier as it looked like one of those troll clickbait tactics you know start a thread with an inflammatory deramping headline and the content will not matter. Just so we can kill of this thread now though the consortium will be putting extra money in and “now caters for the start-up of the underground mine as well as the open-pit mine. This further improves project economics.”
This on a mine that was redesigned after kefi took over to br profitable on a very very much lower gold price than we have now.

Miners often do better on the Australian exchanges or Candian exchanges where there is a long established mining sector. With saudi there will be less competition with other miners for funds though . so the choice could be between going there soonish or witing for the more miner oriented exchange to be set up there https://www.arabnews.com/node/2039116/business-economy

No problem some of the answers shows that they have been taking in feedback here and elsewhere about Saudi think even kefi are a bit surprised at how quickly the mining sector is taking of there suddenly you are getting a pile from multiple mining firms but kefi is already sitting on multiple licence areas.

https://www.youtube.com/watch?v=qN4_tdf--Vo

Good presentation if not that flashy no foot in mouth moments and pennies dropped about /saudi listing which is being seriously looked at. Not a fan of Aim but who is and i expect kefi to go for a Saudi listing as tons of money there chasing a few mining companies. Plus would help them with visibility in the KSA while they go after other areas.

It is crazy Bear sometimes it feels like a mistake for a miner to actually make a commercial discovery so kefi obviously has sinned badly by having Mutiple projects. If this stock was on a Canadian or Australian mining exchange...hopefully kefi will list in Saudi and get a bit more visibility as nothing wrong with its projects.

https://www.kefi-goldandcopper.com/files/presentations/kefi-q3-2022-presentation-25oct22.pdf

two major projects advancing towards development:
o Hawiah Copper Gold Project at the Preliminary Feasibility Study ('PFS') stage; and
o Jibal Qutman Gold Project at the Definitive Feasibility Study ('DFS') stage.

G&M has also initiated discussions with the Saudi Investment Development Fund (SIDF) this is big as they can laon 75 percent of the costs and thats before Artar chips in.

TK

"now caters for the start-up of the underground mine as well as the open-pit mine.

Cash projected in first 2 years of production sufficient to repay debt

"We expect these optimisations to extend mine life to c.15 years, unless we choose to lift plant throughput rates to produce more quickly."

https://www.capacitymedia.com/article/2asmmcdk7fdiopy5uam0w/news/safaricom-plans-8bn-investment-in-ethiopia

https://www.argaam.com/en/article/articledetail/id/1596790

https://www.mintex.et/
https://www.investsaudi.sa/en/sectors-opportunities/mining-metals
http://www.abc-saudiarabia.com/News/1/339979

Yeah agree SB.
https://www.thereporterethiopia.com/27266/

Well making an educated guess even though I would think it has been broadly agreed still going to be going back and forth between all the consortium members, the Ethiopian mining ministry, government and their various teams of lawyers with everyone making last minute tweaks and it all being double checked. When it gets to the stage where it just needs a couple of signatures, I would expect some kind of signing ceremony involving Ethiopian government officials.

No member not gone but is actually putting in more money.

Had a delay because of haggling between a consortium member and the government while regrettable as it did cost time, now the consortium is coughing up more money and looking at earlier expansion of the pit.

Think I can wait the extra two weeks after all as the consortium will stump up the extra money and look to expand the pit it seems only fair.

Nice.

Update the rebels have lost two key towns confirmed today Alamata and Shire looks like entering the end game for the conventional war in Tigray.

Dsrt2012 The rebels ironically now want the deal that the Ethiopian government were offering a while back. Unfortunately for them they are now confined to fighting in their home region and steadily losing ground so have lost leverage. A lot of political pressure is now on the Ethiopian government but understandably they want conditions where it will not all kick off again further down the track. As for TK would not be a surprise if kefi gets it done at the very last moment.

Maybe I should start a thread headed news being deflected from Saudi. Surprisingly a RNS about a Saudi licence covers news about a Saudi licence. A mining company gets an licence area it then RNs it and the timing of that happening is up to the country that gives the licence.

Would be a poor move on the company's part to talk all about a different country and project while in the midst of going after new licence areas in the country that just granted them an area, they have been waiting years for.