The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Either Allied gold or Ivanhoe can take over the kefi parent company then if they do not want the side that is harder to fold into their present operations they know there is a ready made buyer that they can sell to for probably more than they would pay for kefi.
If you do some research on Robert Friedland you will see there are no flys on him and doubt it was a coincidence that a lot of their licence areas they have with Maaden are near kefi then add the fact that he is really bullish on copper. Harry might or might not have thought that it was just a natural thing to invite him over and compare notes but unless RF is and idiot obviously he be will weighing things up. Then add in its not even a secret that Allied are actively looking for takeover opportunities and have plainly said so.
Https://www.kitco.com/news/video/2024-04-01/allied-gold-will-use-m-a-for-growth-when-the-opportunity-arises-says-marrone
https://gmco.com.sa/2024/03/04/ivanhoe-electric-electric-and-maaden-joint-venture-team-visits-gmco-for-mineral-exploration-insights/
Pay attention plump.
Https://www.youtube.com/watch?v=QjgAi6ZEbls
(Smart money and speculators moving into gold)
Think Artar would be happy if Ivanhoe electric said to them we can explore your prospects at a multiple the rate kefi due to our deeper pockets and better technology and we will maintain kefi geos in their positions they they would then negotiate a better percentage than kefi has now with that leverage.
https://ivanhoeelectric.com/technologies/overview/
https://ivanhoeelectric.com/investors/corporate-presentations/
https://www.youtube.com/watch?app=desktop&v=QUoZK2k58q8&embeds_referring_euri=https%3A%2F%2Fnews2.gorich.com.tw%2F&feature=emb_imp_woyt
Think Harry been a bit naive getting chummy with Robert Friedland and it was a mistake saying he thinks at this time that Saudi is not ready for a pre production mining company as that leaves kefi vulnerable to a producing company to takeover kefi then spin off a listing in Saudi that way keeping the Saudi government happy with quicker exploration of the countries prospects.
If Artar did not want fast exploration of its prospects kefi would have just paused them and poured everything that is in Saudi into the DFS for Jibal Qutman then get that going as early as possible. However as Harry has said the problem is keeping up with Artars expectations.
You could argue that with kefi recent discoveries they have demonstrated that they can compete with Ivanhoe and maybe that was the plan but that’s only going to make kefis Geo team more attractive to Ivanhoe.
As for Allied they could offer a listing in Ethiopia like kefi but on a bigger scale and their deeper pockets means they could explore on a wider scale as well.
https://african.business/2024/04/finance-services/ethiopia-readies-its-first-full-stock-market-for-launch (ethiopia general)
https://www.streetinsider.com/reuters/imf+ends+ethiopia+visit%2c+deal+not+yet+secured/23017742.html
https://www.imf.org/en/news/articles/2024/04/02/pr24103-ethiopia-imf-staff-concludes-mission
https://ebc.et/english/newsdetails.aspx?newsid=6360
https://www.qna.org.qa/en/news-area/news/2024-03/31/0056-saudi-crown-prince-receives-written-message-from-prime-minister-of-ethiopia-addressing-bilateral-relations
(rumors that ethiopia are trying to get a loan from saudi and/or uae)
https://news.cision.com/akobo-minerals-ab/r/minutes-from-extraordinary-general-meeting-in-akobo-minerals-ab--publ-,c3955521
https://*************.net/gold-prices-hit-record-highs-as-stock-markets-fluctuate-on-economic-data
Think kefi would be better off simply not engaging with questions this dumb (April fool question?) would be better to just remind people occasionally that the resettlement happens post launch and those moving have a very good deal.
Https://financialpost.com/commodities/mining/theres-a-new-force-sweeping-through-the-global-mining-sector-and-it-has-huge-firepower (From FT article just a few extracts of article)
The Mopani deal finalised at the end of March marks a new force sweeping through the global mining sector. Gulf nations, hungry to diversify their economies beyond fossil fuels, are redirecting petrodollars to secure copper, nickel and other minerals used in power transmission lines, electric cars and renewable power. Beyond the UAE, chief among them is Saudi Arabia which wants mining to contribute $75bn to its economy by 2035, up from $17bn. Oman has started construction of what could be the world’s largest green steel plant that plans to use iron ore from Cameroon, while the Qatar Investment Authority, the gas-rich state’s sovereign wealth fund, is now Glencore’s second-biggest shareholder.
The region has huge potential to create a major mining industry,” says Tom Harley, managing director of Dragoman, a mining advisory working with Gulf nations. “The Saudis are so palpably ambitious: even if they achieve 60 per cent of what they are after, then it will be enormous.” For resource-rich nations in Africa, Asia and Latin America, the entrance of these middle powers into the critical minerals battleground is a welcome alternative to decades of exploitative arrangements underpinned by either western colonialism or Chinese debt.
Despite this, Washington has welcomed the Gulf’s expanding role in mining for helping to break Beijing’s monopoly over processing critical minerals. The US has been actively brokering Saudi, Emirati and Qatari investment in riskier jurisdictions, such as the Democratic Republic of Congo, where western companies struggle to enter, in order to keep China out, according to executives from mining companies and trading houses, as well as a senior US government official.
“The Middle East is looking to diversify and has a war chest,” says Richard Blunt, partner at Baker McKenzie, the law firm that represented Zambia on the IRH deal. “They’ve got this massive advantage as they can do government-to-government deals and have patient capital yet come without the diplomatic pinch involved in choosing between Chinese and western investors.” Under Crown Prince Mohammed bin Salman’s “Vision 2030” to modernise Saudi Arabia’s economy, mining and minerals processing are earmarked to become the third industrial “pillar” next to oil and gas and petrochemicals.
In Zambia, as well as its Mopani mine, IRH has announced plans to bid for a stake in the Lubambe copper mine, owned by China’s JCHX Mining. IRH intends to take a controlling stake in Konkola Copper Mines, which the government handed back to India’s Vedanta in September, according to people familiar with IRH’s strategy. Vedanta says that it wants to remain majority owner but would be open to selling a 20 per cent stake.
https://goldprice.org/ gold now
Crossroads Lode: 1.1km long, with an average width of 5m with the widest intersection being 10m true width; and
Crossroads Extension Lode: 0.7km long at surface, with a total plunging strike length of mineralisation to 1.3km to surface. The average width of 4.2m with the widest intersection being 13m true width. This lode has been explored to a maximum vertical depth of 500m where 6.2m of massive sulphide was intersected at 2.9% zinc and 0.79g/t gold.
https://www.kefi-goldandcopper.com/files/announcements/kefi-positive-pfs-for-hawiah-28june23.pdf
Whilst mineralisation is continuous across the 4.5Km strike length, three distinct massive sulphide ‘lodes’ have been delineated, representing areas of greater sulphide thickness. The polymetallic massive sulphide mineralisation comprises copper, gold, zinc and silver with intercepts of up to 5% copper equivalent.
Hawiah’s Exploration Potential The Hawiah massive sulphide deposit remains open along strike and down-plunge, with the deepest mineralised intercept of 590 metres below surface.
(Today linkedin GMCO) “This has involved technically challenging drilling of deeper holes at the Crossroads area of the deposit, including HWD_222 which reached end of hole at 1,000m!” Doubt they were drilling that deep just for the fun of it.
Https://www.zerohedge.com/news/2024-03-28/china-has-taken-over-gold-price-control-west
https://www.2merkato.com/news/energy-and-mining/7752-ethiopia-four-companies-awarded-mining-licenses
https://www.facebook.com/MinesandPetroleum
https://www.zerohedge.com/news/2024-03-27/king-dollar-gets-castrated-under-bretton-woods-3
https://www.youtube.com/watch?v=53U5Y9z06v8 (gold charts and trends section)
Https://www.kitco.com/news/article/2024-03-28/african-gold-miners-shouldnt-be-judged-geopolitical-risk-alone-allied-gold (Video interview Ethiopia mining)
Allied wants to get bigger asked about mining M & A.
Most likeliest is Ivanhoe Electric either on their own or in partnership with Ma’aden as they will know how good Kefis Geo team are and they have license areas next to kefis so know how good kefi prospects are. They can then sell of the Ethiopian side to Allied gold if they do not fancy it themselves. Even with a sub 100 million dollar market cap every discovery kefi makes and every increase in the gold price increase the chance of a takeover.
Think Saudi is already getting deluged with mining companies its actually pretty lucky kefi got all the mining license areas it has as would face fierce competition for every new area now.
https://goldprice.org/ Should be interesting to see if gold holds above 2200.
Plump had a recent uplift in the share price and now we know there is not going to be a placement as one just happened then add in gold price and future results from Saudi so plenty of upside here.