Member Info for Robjm66

Eastern and Southern African Trade and Development Bank ("TDB") and Africa Finance Corporation ("AFC"), two leading African development finance institutions.

https://www.kefi-minerals.com/investors/q-and-a

5. KEFI is now at another key turning point. What is the vision for KEFI and how will its management look in a few years?
A: KEFI will be operating several mines and growing its resource-base for local joint ventures with powerful partners and financial sponsors at the project levels. As we move through into production, strong in-country management will be built up further and KEFI’s senior management will be more focused on oversight, control and growth strategy rather than hands-on front line start-up management as it has been to date.
6. How do you see the current price cycle playing out?
A: We are in an up-cycle for gold and copper which may be stronger than most due to reasons well publicized by many analysts.

https://www.proactiveinvestors.co.uk/companies/news/943728/turbulence-at-oyu-tolgoi-could-help-sustain-an-upward-pressure-on-the-copper-price-for-years-to-come-943728.html (from Fairvalue advfn)

https://www.reuters.com/article/us-mining-summit-newmont-idUSKBN2712G5

Yeah obviously mining companies should stop going around doing online presentations or promoting their companies. It’s really crazy that shareholders might actually want to know about their companies prospects.

Of course saying that everyone is happy and in the process of signing of means the exact opposite as well, I also think Meghan should present Good morning Britain from America thats perfectly logical as well.

No problem Lawofaverages hopefully Kefi will put the whole thing online.

10:25 am KEFI in Ethiopia - First Cab off the Rank - Harry Anagnostaras-Adams,
Executive Chairman, KEFI Gold & Copper PLC, Tulu Kapi Gold Mines S.C

Active in Arabian Nubian shield for 14 years Ethiopia 6 years turned round full funding closing and development about to start first mover

More potential in TK open at depth…

Slideshow starts

Operator for joint ventures in both KSA and Ethiopia..partners with banks governments big companies in midst of board members signing off.. Subscriptions then "its on"

Kefi to end up with something over 65 percent share, regional development.. Ethiopia high growth rate…largest export revenue generator…December meetings to wrap due diligence meeting with all stakeholders…all reports positive.

First mover..TK has to be a model project.. every part gets signed off by independent experts.. in west in of country..kefi first but other projects and miners will come…gold rush into country. Newmont and many others from Australia and north America now active.

Plant design straightforward… plenty of future life in deposit…good exploration prospect's in area..kefi optimistic over satellite deposits ….as people get used to Ethiopia as a mining country kefi market cap will grow.

Kefi projects taking off countries governments backing us..point of inflection for Kefi.

Well if Harry had been any more relaxed think he would be laying down his section presented in a matter of fact way (he is obviously not worried).

Yes basically everything is on track will put some grammar into my notes and correct the spelling then post it up here.

https://www.eventbrite.ca/e/22nd-african-mining-breakfast-19th-investing-in-african-mining-seminar-tickets-138044399515?aff=ebdsoporgprofile Try this though you might run out of time.

Both statements are not actually inconsistent as you will not get full production straight after commissioning usually takes some time to iron any problems out usually mines do not hit their peak production in their first year.

Important bit is getting the banks and off taker and so on to sign off, funds will be drawn down when needed you do not take the full amount on day one that would be a bit like having a 30 year mortgage that the bank expected you to pay off on the first day.

Price on financial closing may be higher than some expect as possible other news might drop before hand on licences in Saudi good results from Hawiah or details on members of the consortium. If you get a leek about TK before the market opens it might just gap up immediately.

The low volume at the moment suggests that not much is leaking out.

“The price of gold has already been factored in ages ago!” Gold price only three years ago 1200 dollars “All-in Sustaining Cost of circa US$800-900/ounce over the initial seven years of mining the open pit.” So say worst case 900 dollars so 300 dollars an ounce excess then...1700 dollars 800 dollars excess 2000 dollars 1100 excess...

TK is a completely different beast with the higher gold price could easily be throwing off three or four times the level of profit it might have done in the past.

However things are complex with multiple partners and interested parties all of which have to be kept happy and sign off everything if you want instant sell up walk into to a casino and bet the money.

https://www.ecofinagency.com/telecom/2202-42373-ethiopia-secures-200mln-world-bank-loan-for-the-digital-economy

Harrys bit part of a larger session focusing on Ethiopia which includes mining minister there.

Next online event...

Re post still March the ninth American eastern standard time (only change is the first cab off the rank addition).

Well hopefully a few clues might drop beforehand (thanks to Gwome advfn kefi board).

10:10 am EST: Session 2 - Spotlight on Ethiopia (moderator: Munisha Tumato)
• 10:10 am - Welcome - H.E. Stéphane Jobin, Ambassador of Canada to Ethiopia and Djibouti
• 10:15 am - Ethiopia....Land of Extraordinary Extractive Potential - Hon. Takele Uma Banti, Minister of Mines
and Petroleum, Federal Democratic Republic of Ethiopia
• 10:30 am - Greg Winch, Executive Vice president & Chief Operating Officer, Allied Gold Corp/ASCOM Mining
Ethiopia Plc
• 10:45 am - Dr. Shimeles Fisseha, Senior Technical Advisor to the Minister, Ethiopia Ministry of Mines and
Petroleum
• 11:00 am - KEFI in Ethiopia - First Cab off the Rank - Harry Anagnostaras-Adams, Executive Chairman, KEFI
Gold & Copper PLC, Tulu Kapi Gold Mines S.C.

http://www.mineafrica.com/documents/Mar%209-10,%202021%20program%20SUMMARIZED%20DRAFT.pdf

Tempted to ask what hype? Joking aside the main TK news closure of finance news is more likely the backend of this month. Nowadays lots of investors do not look much further than a few hours or days.

Unless you follow Kefi are you going to be aware of the chance of new licences areas in the KSA dropping before the TK news or more progress in Hawiah giving the firm a whole new prospect. There probably are plenty of “sophisticated” investors (not me) that will pile in after TK financial closure that are presently sceptical.

Well hopefully a few clues might drop beforehand (thanks to Gwome advfn kefi board).

10:10 am EST: Session 2 - Spotlight on Ethiopia
• 10:10 am - Welcome - H.E. Stéphane Jobin, Ambassador of Canada to Ethiopia and Djibouti
• 10:15 am - Ethiopia....Land of Extraordinary Extractive Potential - Hon. Takele Uma Banti, Minister
of Mines and Petroleum, Federal Democratic Republic of Ethiopia
• 10:30 am - Greg Winch, Executive Vice president & Chief Operating Officer, Allied Gold Corp/
ASCOM Mining Ethiopia Plc
• 10:45 am - Dr. Shimeles Fisseha, Senior Technical Advisor to the Minister, Ethiopia Ministry of
Mines and Petroleum
• 11:00 am - Harry Anagnostaras-Adams, Executive Chairman, KEFI Gold & Copper PLC, Tulu Kapi
Gold Mines S.C.

http://www.mineafrica.com/documents/Mar%209-10,%202021%20program%20SUMMARIZED%20DRAFT.pdf

Dsrt having built a school and building roads and electricity supply currently hardily going to forget to construct houses when needed the key words are when needed. Would not make any sense to build the whole village prior to finance closure or parts of it till the space is needed under the mining plan.
“You cant move house until others are built ..and thats a year at least away ..they will move a section at a time and put a RNS saying ressettlement is being done” what you said does not make any sense and is inaccurate you can move before other houses are built that is the actual plan and it’s not a secret that it will be done in sections.
Not a secret I am invested here and have been for a long time either and I am optimistic about kefi prospects.

Harry goes into detail about the housing in one of the webinars it’s being done in tranches as whole area does not need to be cleared in one hit the houses are modular so can be put up quickly and can be expanded in the future by the residents. Quality is a huge improvement and there have been pictures of the new school.

https://home.kpmg/ca/en/home/insights/2021/02/what-it-means-to-be-a-valued-gold-mining-business.html

Gold miners should also be open to diversifying into related base metals, specifically copper, to drive value, he said.

“If you want to continue to grow and produce gold as a world class gold company you will, in the future, be forced to invest in porphyry gold-copper assets because that’s where a large percentage of the future gold reserves will come from,” Bristow said, noting that many of the world’s discovered pure-gold deposits have been depleted.

Ethiopian government already working on the infrastructure and planing a local gold centre at the nearest town. The Ethiopians are share holders at both the local and national government levels.