Member Info for Robjm66

https://www.***************************/kefi-gold-and-copper-eyes-tulu-kapi-launch-following-2024-results/4121200671

Https://www.proactiveinvestors.co.uk/companies/news/1072530/kefi-nears-funding-close-for-flagship-ethiopian-gold-mine-1072530.html

Still open to Saudi sale and/or deals but not going to do a fire sale pre TK launch. JQ could be progressed this year if needed to. AGM date had not been pushed back to late July or August suggests they expect good progress over the coming weeks maybe next news to drop TBD up dating their approval or ERNs listing.

Https://www.ainvest.com/news/east-africa-metals-strategic-capital-infusion-gold-rush-play-ethiopia-tanzania-2506/

East Africa Metals Inc. has pulled off a quietly ambitious move in the resource sector: a non-brokered private placement of CAD$5.5 million to fuel its exploration ambitions in Ethiopia and Tanzania. The financing, set to close shortly pending TSX Venture Exchange approval, signals a bold bet on Africa's underdeveloped mining potential—and a compelling opportunity for investors willing to look beyond Wall Street's spotlight.

https://gulfbusiness.com/dominic-raab-gcc-critical-minerals/

https://www.indexbox.io/blog/barrick-minings-strategic-shift-expanding-into-copper/

"You could have several things pop up including plans for ERNs listing in Ethiopia what the plans are for Saudi (early JQ production?) progress on the ground on TK site further information on holders of kefi shares various bits of paper being signed off on by consortium members.”

https://www.kbc.co.ke/kenya-to-import-200mw-of-power-from-ethiopia/

https://www.addisinsight.net/2025/06/04/wegagen-capital-investment-bank-becomes-ethiopias-first-private-investment-bank/

https://www.forbesafrica.com/current-affairs/2025/06/04/ethiopia-looks-to-boost-foreign-investment-with-land-reform-framework/

Project financing for Jibal Qutman (as for other projects) is expected to be sourced at least partly within Saudi Arabia,

which has low-cost debt finance with a mandate to invest in the country’s mineral resources. GMCO has initiated

discussions with the Saudi Investment Development Fund (“SIDF”) and other local development finance institutions

regarding project funding to be finalised once the Mining Licence has been awarded. At the same time, there is no

historical specialist mining finance experience or expertise in Saudi Arabia. Therefore it is expected that specialist mining

finance ranging from equity, through streaming, mezzanine debt and such like could be also sourced from outside Saudi

Arabia.

In February 2025, KEFI published an updated Jibal Qutman MRE of 37.0Mt at 0.76g/t gold, containing 902,000 ounces of

gold, including 30.5Mt at 0.76g/t of gold, containing 748,000 ounces in the Indicated category (83% of total MRE). Oxide

Resources now total 13.2Mt at 0.75g/t gold, containing 318,000 ounces

With the gold price approaching US$3,000/ounce and with low-cost local development capital, fast tracking an (initially)

oxides-focused open-pit, CIL operation at Jibal Qutman is becoming very attractive.

The three Jibal Qutman EL’s cover an area of over 270km2

. The EL’s cover 35km strike length of the prospective NabitahTathlith Fault Zone, a 300km-long structure with over 40 gold occurrences and ancient gold mines.

Potential offsets to the expenditure profile will be the cash generation of each project as it comes on stream. At

current gold prices, the two Stage 1 Projects, each generating 30-40,000 ounces of gold per annum, might be

expected to target aggregate Net Operating Cash Flows of say $60-120 million per annum. The first Stage 1 DFS

is due shortly and such estimates will be refined somewhat during the due diligence for the short-listed parties.

I may have missed it but the kefi website was down and it looks like they have updated it.

Https://www.kefi-goldandcopper.com/files/files/Introduction-to-GMCO-13March25.pdf

Https://www.cnbcafrica.com/media/6373827244112/what-imf-deal-means-for-ethiopias-four-year-34bn-extended-credit-facility/

https://www.mining.com/allied-gold-to-list-on-nyse-next-week/

https://www.joburgetc.com/business/copper-mergers-south-africa-harmony/

https://www.arabnews.com/node/2603187/business-economy saudi ipo’s

https://www.bloomberg.com/news/articles/2025-06-03/gold-market-s-record-breaking-rally-powered-by-central-bank-buying?embedded-checkout=true

The thing is the entities may do Harry a favour by letting him mention that they have a shareholding but would not be surprised of some would prefer to hoover up shares on the quiet. Seen it before with entities declaring thresholds passed weeks after they have have been.

Https://www.zawya.com/en/projects/mining/saudi-arabia-allocates-3-new-mining-complexes-in-riyadh-and-makkah-regions-k06dm81k

https://www.metaltechnews.com/story/2025/06/04/tech-metals/copper-crunch-could-stall-global-progress/2306.html

Https://en.wikipedia.org/wiki/Saudi_Exchange

https://www.fnlondon.com/articles/aim-boss-calls-to-relaunch-londons-junior-stock-market-are-a-distraction-9ed9656f

https://www.morningstar.co.uk/uk/news/261579/aim-at-30-can-lse-reforms-revive-struggling-market.aspx

https://www.mondaq.com/uk/commoditiesderivativesstock-exchanges/1632206/the-london-stock-exchanges-discussion-paper-on-the-future-of-aim

AIM has also faced increased external competition from other markets (including US markets), particularly for technology and growth-focused companies. The combination of deeper capital pools and perceived higher valuations in the United States have persuaded more companies to list in the US rather than on AIM.

Furthermore, many companies, particularly smaller ones, perceive the corporate governance requirements and the costs associated with being listed on AIM as excessive. Data from the British Business Bank suggests it costs at least £500,000 to list on AIM and over £100,000 annually to maintain the listing. This financial and administrative burden can deter potential initial public offerings (IPOs), especially when private equity funding is available, apparently without such disadvantages. Some companies have specifically cited the regulatory burden and ongoing administrative costs as reasons for delisting.

Https://emergingmarkets.today/how-will-ethiopias-new-stock-market-impact-local-investors/

https://www.miningweekly.com/article/allied-gold-heads-for-nyse-2025-06-03

Canadian miner Allied Gold is heading for the NYSE, with its shares expected to start trading in New York when the market opens on Monday, June 9, under the ticker 'AAUC'.

Allied operates three producing assets and development projects in Côte d'Ivoire, Mali and Ethiopia.

https://alliedgold.com/our-portfolio/kurmuk-project/default.aspx

https://www.prnewswire.com/news-releases/allied-gold-to-commence-trading-on-the-new-york-stock-exchange-302470572.html

HtTps://www.arabnews.com/node/2602918/amp Saudi mining

Think people just trading kefi are taking a risk but its their money. Think the kefi share price has held up well obviously the company is telling the truth about the new investor's otherwise their would have been a lot more selling. If you look at the new investor's they are a good fit for kefi as well.

Https://www.mofed.gov.et/blog/invest-in-ethiopia-forum-a-new-chapter-in-attracting-foreign-direct-investment/

https://www.zerohedge.com/precious-metals/believe-it-or-not-gold-still-out-favor

"420M was the booking of one of the specialist gold funds that subscribed in the placing for £2,310,000. As announced, the shares from the Placing are to be admitted on 28 May 2025, at which point they would become a circa 4.5% owner in the Company"

the smart money..

https://www.konwave.ch/?lang=en

https://www.serayainvestment.com/phoenix-gold-fund

https://www.premiermiton.com/corporate/

https://www.investmentweek.co.uk/news/4412376/premier-miton-net-outflows-exceed-expectations-performance-credible

https://www.rabcap.com/home/

https://www.**********.co.uk/articles/rab-capital-boosts-stake-in-harena-resources-to-5-5--7b2d501/

https://www.ruffer.co.uk/en/funds/specialist-funds/gold

https://www.ruffer.co.uk/en/thinking/articles/investment-review/2025-q1-investment-review

https://moneyweek.com/investments/commodities/gold-funds

the ws ruffer gold fund; this actively-managed fund isn’t cheap, charging a 1.2% annual management charge, but it has outperformed its benchmark, the ftse gold mines tr index, in three of the last five years and all-time since its inception.