Member Info for Robjm66

- PE Funds into subsidiary/ies 25 min Several PE Groups focusing on either Ethiopian subsidiaries or Saudi subsidiary or both. ?

Rather have some TK news even if it along the lines of things are still on track than Saudi news as eventually Saudi will get sorted and there is less time pressure there.

As for RNS whatever the rules we all know good news purely by chance seems to drop just before or on the day of AGMs.

https://www.miningreview.com/gold/akobo-shows-strong-grades-in-ethiopia/

https://africasustainabilitymatters.com/dangote-group-launches-3-billion-fertilizer-investment-in-ethiopia-to-address-regional-food-security/

https://www.zawya.com/en/business/investment/saudi-minister-explores-strategic-industrial-and-mining-partnerships-with-top-russian-firms-b8hxrtqv

Akobo tiny compared to kefi a "boutique" outfit but slowly getting there backed by Monetary metals https://live.euronext.com/en/products/equities/company-news/2025-05-13-akobo-minerals-and-monetary-metals-agree-revised-gold

HtTps://www.miningweekly.com/article/akobo-reports-10-kg-gold-production-for-mayjune-2025-07-11

htTps://www.linkedin.com/posts/ethiopian-securities-exchange_today-marks-a-defining-moment-for-ethiopia-activity-7349510172202934272-StN5

htTps://www.orepulse.com/news/Ethiopias-Mining-Sector-Contributes-USD1-88-Billion-in-Exports-Led-by-Gold

htTps://smallcaps.com.au/askari-metals-fast-track-exploration-new-ethiopia-gold-nejo/

htTps://www.listcorp.com/asx/as2/askari-metals-limited/news/askari-metals-investor-webinar-presentation-3213580.html

Https://www.zawya.com/en/economy/africa/ethiopia-launches-secondary-market-for-t-bills-equities-xqy027bn

Good point "

- This shareholder approval is scheduled for 29th August, 7 Weeks away!

So probably better to let it go through as will be easier to get the areas back from a tiny western mining company than a Chinese outfit.

Translation? We are aware of the situation not going to let the areas go without a fight including a legal or regularity challenge post TK launch.

Nick a lot of money to raise from a small market cap like Askari Minerals for this deal maybe put an offer of a couple of million with the threat of legal action which could cost a couple of million if a deal is not done.

With more Ethiopia Prefs not just the money an advantage would be to give to give the Ethiopians more of a stake in getting those Areas back.

Https://www.proactiveinvestors.co.uk/companies/news/1074362/askari-metals-to-host-investor-webinar-on-nejo-gold-project-acquisition-1074362.html

Https://www.youtube.com/watch?v=I9LsjPTwHjM (video)

https://www.proactiveinvestors.co.uk/companies/news/1074277/askari-metals-expands-african-footprint-with-nejo-gold-acquisition-1074277.html

https://www.miningweekly.com/article/askari-acquires-advanced-brownfield-gold-project-in-ethiopia-2025-07-08

The plan was to regain the areas after having a stronger hand post TK launch which made a kind of sense when taking on a company from country that is the biggest investor into Ethiopia. Now the situation has changed the plan should as well.

It's not complicated bonkers area would have gone for a lot more if the areas were not disputed and you would have had other miners rather than the miniscule outfit that bought it chancing their arm. Then you have consider why the Chinese sold it now rather than approach kefi after TK launch. Also have to consider the new outfit simply do not have cash to develop the areas on top of its other areas. So the areas are now in play.

Kefi should do a deal or make a move as soon as possible in my view make it clear to any predators that they will raise a stink if Askari trys to sell it on to anyone else. Then could either include any money needed through Ethiopia prefs or on the back of a Saudi sale or a loan royalty or streaming deal connected to TK.

Now the areas are in play Harry should get his thumb out of his..

Looks more accurate now as areas sold on before that. However now that been kind of pre-empted company should not sit on it hands. Crazy it was all a bit murky to say the least.

Kefi could maybe raise more money through Ethioprefs “$27M Non-convertible EthioPrefs for local Ethiopian-owned companies”.

htTps://www.addisinsight.net/2025/07/07/ethiopias-securities-exchange-set-to-begin-official-trading-this-week/

htTps://www.2merkato.com/news/capital-market-and-commodity-exchange/8525-ethiopias-securities-exchange-to-begin-trading-next-week

Would look more attractive to Ethiopian investors if kefi nailed own the areas around TK with the added bonus of the other Ethiopian areas Askari has an interest in.

What you do not want is Askari Metals to flip it to someone else maybe a much bigger mining company then kefi having to unpick the whole situation. Maybe kefi should put out a statement that the area is in dispute to put people off then do a deal or takeover Askari.

chinese company fair and square guess bonkers does have a sense of humour.

https://kalkinemedia.com/au/stocks/metal-and-mining/askari-metals-expands-african-gold-strategy-with-strategic-nejo-project-acquisition-asx-200-update

the latest acquisition builds on askari's april 2025 move to secure rift valley metals, which brought with it five promising gold tenements — sakaro, sakaro west, lega dembi south, megado and wayu boda — also located within the ans. these strategic moves position askari for significant upside potential in untapped and underexplored gold zones.

under the deal, initial payments include $200,000 in cash and $200,000 worth of shares, along with 20 million unlisted options exercisable at $0.06 over three years. deferred consideration comprises additional cash and shares totalling $700,000, tied to timelines and milestones such as a maiden resource estimate. a 1% gross revenue royalty from gold concentrate sales, capped at $7 million, is also included in the agreement.

….

looking at askari market cap would be cheaper for kefi to just buy the company and flog off the projects it does not want that would mean though harry showing some imagination and minerals (****ney expression).

https://www.askarimetals.com/

Re comments that kefi could have bought the area for less than Harry’s bonus if Xingxu had approached kefi they would have qouted imo a amount a lot higher than they sold it to Askari for maybe that was the plan all along to hold kefi to ransom over the areas.

Yeah agree tiny price for the deal and puts the areas in play either through a deal or the areas being taken of Askari.

Not enough info so can only (speculate so everything is imo) Opportunistic but Askari being opportunistic (yes its the same company)

Pure Speculation

The sale price is laughably low which suggests to me that Xingxu thought the areas would revert back to kefi sometime post TK launch. It would have made sense to approach kefi first but maybe they would be reluctant to pay for something that should already be theirs.

If it comes to a wrestling match over the area would be a lot easier to get the areas off a western mining firm than a Chinese firm.

Kefi could just do a deal with Askari if it cheaper then a court case maybe Askari are depending on that.

Possible but unlikely that Askari did not know the full background and thought they would be getting a bargain.

That the Chinese did a deal shows they think TK is going ahead (see previous point).