Member Info for Robjm66

Signing of the umbrella financing agreement remains on course for this quarter 

This week an all-parties meeting of the Tulu Kapi Gold Project ("Tulu Kapi" or "Project") finance syndicate re-confirmed this plan to senior officers of the Ethiopian Ministry of Mines.

Updating pricing for mining services and the process plant. These will shortly be independently reviewed, but the Company does not believe there will be any material changes to previously reported Project economics;

Establishing the Tulu Kapi Charitable Endowment to go beyond the activities of the Community Development Fund required under the local regulations for launch in May

Its painful at times but kefi are getting there.

Slide 3
SIDF also supports the mining sector by:
• Financing mining projects for all
minerals up to 75% of the costs of
eligible projects.
• Financing the final stage of the
exploration process, which includes
drilling and preparation of mines.

Slide 8 comparison with Amak https://amak.com.sa/
https://www.eyeofriyadh.com/news/details/amak-ipo-book-building-closes-successfully-with-73-6-times-institutional-coverage-and-the-final-offer-price-is-set-at-63-saudi-riyals

Kefi should be worth more just on the Saudi prospects.

https://www.kefi-minerals.com/files/presentations/kefi-indaba-presentation-11may22.pdf

https://*************.net/kefi-gold-and-copper-sees-greater-resource-at-jibal-qutman-gold-project-in-saudi-arabia
Q. Is there likely to be a share consolidation in the near future as when warrants and the convertible part of the consortium financing is added there will be over 5 billion shares in issue, not a realistic amount for a 'mid-cap company' that Harry insists he is building?
A: There is no such plan or perceived need, unless we consider listing or dual-listing on a main stock exchange board in London or elsewhere and it is a relevant factor for such a listing

Ok you have a point P79u.

You have a border clash that happened several days ago between Tigray and Eritrea that maybe lasted between a few hours and day and the rebels got the worst of it.

Relevance to Kefi Zero.

As for the BBC I would say its the worst at reporting on Ethiopia if I had not seen other western media reporting that was as equally bad.

Any chance we can actually get back to talking about kefi?

That's the usual posturing in support of an ally and to look tough if you had been following things as long as i have you would see previous statements along the same lines did not stop peace efforts by the Ethiopian government.

If you were capable of doing proper research you would notice that the border clashes have ended and notice Eritrea is a different country.

4th
Today we have agreed to organize a discussion forum on Australian mining companies with Australian Ambassador Mrs.Julia Neblett at the conference.
6th
Held a discussion with Anadolu, a Turkish news agency, to discuss the interest & investment of Turkish companies in our mining sector.
8th
Our country's investors in different sectors have visited the Ethiopian mining gallery built by the Ministry of Mining and the reform (reform) works.
9th
https://ethiopianmonitor.com/2022/05/09/uaes-firm-keen-to-invest-in-ethiopias-textile-mining-sectors/
10th
Today, we had a discussion with the officials of the European Investment Bank, African Development Bank, Netherlands Development Bank and France Development Bank and discussed to ensure the mining sector get a higher financial supply.

Dyor.

Probably just a honest mistake personally have read articles in the hundreds and been following events for years so know the whole thing was c**p if you had not though you might think it was credible. You would not suddenly get all those western and international bankers flocking around the Ethiopian mining mister otherwise.

Part 2
“If severe diplomatic pressure is not exerted in short order to get the parties talking, renewed hostilities are to be expected, perhaps within weeks” Notice this bit is in Italics in article suggest to me this is the Agenda behind the whole piece to put pressure on the Ethiopian government its not a neutral news article but an opinion piece telling people what they should do.
It kind of gives the game away when it gives forced piece as an option if you look at their previous article “A fourth possibility is that the international community might force a peace deal upon the parties.”
Then the agenda its just confirmed by the whole weighing the options section.
Also do not get me started on western think tanks with links to entities with their own agenda but you might notice that western commentary on the whole conflict has been pretty universally totally useless most of it acting as a cheering section for the rebels till recently the penny is starting to drop that the wrong side was cheered on.
In the future maybe notice the difference between what actually news and what is just a thought or opinion piece.

Part.1
Managed to get my account working from my PC. Will walk you through why the piece is so c**p then maybe we can kill this thread. Will try to keep it short.

Not in the “midst” rebels have retreated to Tigray and Aid convoys have been starting to get through to them. Headline looks deliberately alarmist what does "all out mean" this time they are serious they were only joking before. "Public anger is growing" meaningless drivel comment as there us a wide range of opinions in Ethiopia.
“His principal domestic backers” Abey got elected by a landslide.
“In the wake of a contested election in Tigray, Abiy kicked off a military operation in November 2020” The rebels attacked the Northern command in a pearl harbour kind of attack then the government had no choice but to respond to.
“If the current stalemate does then break down, the most likely of the above scenarios is some form of victory for the anti-government, pro-federalist forces.”
Total rubbish the TPLF have lost the war, on one hand have the writers saying how Tigray is now under total blockade and the region is devastated then that suddenly they have the resources to win a renewed conflict. Its because they did not have the resources to win that they had to retreat to where they are now.

Almost out of battery on iPad but article total bulls testicles they have already had the conflict latest news is withdrawal from Afar of Rebels and government aid convoys to Tigray. Going to get border clashes but the conflict with Tigray never got near Kefi even when it was serious. See you all in a week or two hopefully when I have my iPad fixed.

Guys Having problems with recharging iPad and it’s the only device I can log onto lse for some reason so feel free to copy anything you want over that I post elsewhere.

Could do with a bit more clarity over what bits of paper we are waiting on from the Ethiopians Tintin as market hates any uncertainty but the push factor is Ethiopians are desperate for revenue the mine will bring.

As for Saudi it’s all good just need Jibal Qutman to come out of hibernation and it’s set fair and would suck all the risk out of kefi as then the company should start to re rate on Saudi alone.

So for example, we made a gold discovery about eight years ago at a place called Jibal Qutman and we applied for a mining license. But only now is it moving to be granted. And it appears it’ll be granted certainly this year and perhaps very soon. We’ve also been granted other exploration licenses.

And in addition to that, we’ve been granted licenses for a site 12km away where we’ve discovered what appears to be a direct analogue. We are onto something that’s going to grow a lot further and it’s already significant and economic for development. Hawiah is of a scale which is already starting to dwarf Tulu Kapi, although Tulu Kapi is ready for construction and is our main priority today. But clearly Hawiah is going to dwarf it in scale.
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Good sign that they are setting up a base at Bisha obviously do expect the licence article could have done with a mention of Amak and a comparison with Kefi Saudi prospects.

https://www.proactiveinvestors.co.uk/companies/news/981689/kefi-gold-and-copper-sees-greater-resource-at-jibal-qutman-gold-joint-venture-project-in-saudi-arabia-981689.html

The company said that while there has been no formal notification on the award of a mining licence at Jibal Qutman, given the positive and constructive developments at the Ministry, the decision has been taken to re-establish a base in the nearby city of Bisha.

Today extracts just the Ethiopian bit.

Https://www.theassay.com/articles/analysis/progressing-mining-in-the-arabian-nubian-shield/

You recently announced that development activities at your flagship Tulu Kapi Gold Project have recommenced. Please talk us through some of the milestones that have led to this decision.
First of all, the project has always been what we would regard as a fairly clean showcase project. It has no legacy issues. There’s no artisanal mining. It’s in a fairly quiet part of the country from a security point of view and community relations point of view. Its economics have always been robust. It’s a high-grade gold and high-grade underground mine. And in the country, we align ourselves with a strong partnership with the government. And we’ve arranged a bespoke finance and contracting syndicate that is familiar with the country.

The thing that’s changed is that the country was in some turmoil for the past few years until the end of last year. Now, the government is working very hard to reclaim Ethiopia’s position as a strong development country. Up until a few years ago, it had been in the top 10 growth countries of the world for nearly 20 years in a row. So it’s back on the development path and that’s the key thing that’s changed. Not the project, not us, but the country’s political stability.
Now that the security situation in Ethiopia has improved, what are the next steps for Tulu Kapi?

We still need to formally receive a few regulatory confirmations and approvals from the government. Furthermore, we have to demonstrate on the ground several months of activity without interruption or any incident of a security nature, and that’s just part of the due diligence framework around the project.
Using some of the capital we’ve just raised, we will bring forward more development tasks with the community and on the ground. So rather than just talking about the conditions at the project, people can witness that we’ve kicked off the project launch with particular activities, showing good progress and without any problems. These are the key milestones coming up leading to full financial closing and full project launch for construction targeted for the end of June.

Https://www.saudigazette.com.sa/article/620197/SAUDI-ARABIA/Ministry-to-review-mineral-investment-opportunities-in-Saudi-Arabia-at-INDABA

https://finance.yahoo.com/news/global-scramble-metals-thrusts-africa-070428671.html