Member Info for Robjm66

Looks to me that Harry thinks TK second bank approval and TK go ahead is nailed on hence body language and the PR tour.

Africa down under + USA

https://www.youtube.com/watch?v=aif4xZF65Ak Africa downunder

https://www.kefi-goldandcopper.com/files/presentations/kefi-adu-conference-presentation-27_aug24.pdf

https://www.kefi-goldandcopper.com/files/presentations/kefi-colorado-conference-presentation-sep24.pdf

Book-build in process. Current priority is for Investors within host countries

Saudi Continue arranging development financing at level of operating company

AMAK – listed in Saudi Arabia Metrics vs GMCO . Illustrates the Saudi Mining Boom

https://www.goldforumamericas.com/

Https://www.theafricareport.com/360138/gold-are-african-producers-the-big-winners-from-the-price-surge/ (gold and Africa)

https://www.mining.com/critical-minerals-western-security-and-the-case-for-us-leadership/

(mining general)

https://www.arabnews.com/node/2369121/business-economy

(Saudi mining)

https://www.prnewswire.com/news-releases/allied-gold-announces-settlement-of-terms-of-a-definitive-protocol-agreement-with-the-government-of-mali-which-when-signed-will-deal-with-the-issue-of-a-ten-year-exploitation-permit-for-sadiola-advancement-of-the-korali-sud-diba-302236288.html (Ethiopia mining)

Given the competitive cost of capital realized via the Côte d'Ivoire stream and strong market feedback, Allied is arranging a $225 million to $275 million Kurmuk funding package comprising a gold stream and a gold prepay facility on the Kurmuk development project. The prospective stream validates the opportunities at Kurmuk, including its strong geological upside potential, and has attracted significant interest at an attractive cost of capital. The Company is in advanced stages of discussions with potential partners, and it is targeting proceeds between $125 million to $175 million in exchange for a gold stream at Kurmuk in the range of 5% to 7%, and single-digit rates of cost of capital. The gold prepay facility is targeted in the range of $75 million to $100 million and it would bring forward cash flows and include a built-in gold price hedge amidst favorable market prices. This prepay would begin gold deliveries in September 2026 and it is expected to be completed by March 2028, further balancing the cash requirements for its construction while also presenting competitive cost of capital rates. This comprehensive funding solution is expected to be formalized by the end of September 2024.

https://afdb.africa-newsroom.com/press/african-development-bank-president-praises-saudi-arabia-for-billions-of-dollars-of-investment-in-africa?lang=en

Https://www.globalminingreview.com/mining/02092024/akobo-minerals-provides-operational-update-from-ethiopia-mine/ (Ethiopia mining)

https://www.youtube.com/watch?v=B41v41L4pbI gold

https://goldprice.org/ Gold price held 2500 level at month end.

Https://www.tipranks.com/news/company-announcements/akobo-minerals-ramps-up-production-at-segele-mine (Ethiopia mining)

https://finance.yahoo.com/news/arabian-mills-271-million-saudi-090250113.html

Arabian Mills for Food Products Co.’s initial public offering in Saudi Arabia was fully covered within an hour of books opening, the latest sign investor appetite remains rife and will support a further burst of activity in the kingdom’s IPO market in the final months of the year…The flour milling company plans to raise as much as $271 million..(That’s a lot of dough)(Saudi ipo’s)

https://www.zawya.com/en/projects/utilities/acwa-power-secures-26bln-funding-for-3-large-scale-solar-projects-in-saudi-arabia-fv8p2y7h (Saudi general)

“ KEFI Gold and Copper Tulu Kapi Mining Licence Tenure Confirmed to 2035”

https://addisfortune.news/midroc-gold-expands-with-million-dollar-machine-investment/ (Ethiopia mining)

https://ognnews.com/Article/46986/Ma%E2%80%99aden_H1_2024_profit_jumps_160pc_to_$540m (Saudi mining)

Https://www.usfunds.com/resource/why-gold-stocks-could-be-a-contrarian-investors-dream-right-now/

Even if the second bank signed of and all the consortium agreed their contribution in September Magnum would still argue that it’s not the same as money in the bank. Even if you showed him a bank account with the first trance needed he would argue that the consortium was short even though it planned to be paid out in trances as needed.

Even if he lost a bet and could not wriggle out of it he would just come back under a different name.

They only call Magnum should be making is to his psychiatrist.

Do not think TW sees you as a gentleman more as a stalker and you do not engage with a stalker.

While I cannot be a hundred percent sure do not think FU2 and Ben Graham are the same person while FU2 posts are constantly negative irrespective of what's happening with kefi Ben Graham was pretty positive right up to the moment he sold from what I can see on Twitter.

...get the Friday parade of the usual suspects desperately trying to talk the price down for one or two percent gain on a Friday. I would not be surpsied if Pedro is a bit more of a serious trader.

"Saturday 7 September" Deeside Farm, half way between Chester and Wrexham before that there is the Africa down under conference then probably the bank visit if it does not happen before both those events busy busy busy..

Https://markets.businessinsider.com/news/commodities/gold-price-prediction-buy-record-highs-central-banks-pile-in-2024-8 Gold rally has legs as for a large chunk of investors it not on their radar yet apart from China where the government is now encouraging it people to buy gold “At the same time, however, the Chinese government is encouraging its citizens to buy precious metals. The crisis in the Chinese real estate market also plays a big role, which has forced the Chinese to look for alternative ways to invest. Gold has become an increasingly important asset in their portfolios.”

Then you have the cyclical nature of mining stocks plus the boom in tech stocks likely coming to an end and a likely flight to safe haven investments and a commodity boom in general and decreasing dollar value weakening manipulation of the gold price…

Https://www.ft.com/content/237f1900-9527-4962-83f4-6f2fc2fe4efb

Sorry Bear its too far for me to go but considering all the people that want to give Harry a piece of their mind i am surpsied the event is not sold out. Joking apart think Harry is optimistic or would not have planed to attend that and he probably knows he owes TW for his support. Its all down to the bank visit now and how that goes if when that goes well things will obviously pick up here. Harry probably not sweating too much over that visit and will already looking beyond that.

HtTps://www.fanabc.com/english/ethiopia-saudi-arabia-business-council-to-boost-economic-ties-saudi-chambers/

htTps://addisstandard.com/central-bank-revises-gold-pricing-policy-eliminates-guaranteed-premium-for-local-suppliers/

htTps://www.youtube.com/watch?v=-Pl9_7ahgnU (3.10 minutes in)

htTps://www.youtube.com/watch?v=-66IbSQ0Q3Q gold

Kefis skin in the game the Equity risk notes not much help to a trading strategy as kefi does not have to cover them till year four of operations but from an investing point of view a gold price high enough to cover them in one or two year makes it more likely that kefi can generate more profits long term. Though you could argue that the chance of a much earlier repayment of money lent means a higher chance of second bank sign off. If you got money or can get it quickly banks are happy to lend it, its when you really need it is when they do not want to give it to you.

“In March, KEFI said that all of the required development budget of US$320m has been sourced at the subsidiary level. Eastern and Southern Trade and Development Bank (TDB), the lead lender, has approved its US$95m tranche, and co-lender, Africa Finance Corporation (AFC) has confirmed its approval processes are underway for its intended US$95m.”

“These changes include foreign exchange exemptions, an increase in the permissible debt-to-equity funding ratio to 80:20, and the deeming of the reinvestment of local currency (Ethiopian BIRR) retained earnings in multi-national corporations as foreign direct investment (FDI). KEFI can now focus on the lower cost Equity Risk Note (ERN) (fixed at 12%) which is repayable in cash from operations in Year 4 or convertible at prevailing share prices, and at KEFI’s option. KEFI also notes that a well-established MNC investor has received initial board approvals to participate in the ERN.” (kefi may now pay earlier due to higher and probably heading higher gold price and now might develop deeper pit at TK earlier as well)

Kefi still expect around 80 percent of TK money will be spent in tranches as needed on capex. The most recent possible change is "Priority for Ethiopians before offering participation to others from September" makes sense now to give a priority to Ethiopian investment prior to a listing in Ethiopia.

Would be good to see what kefi/TKGM actual plans to list are now the exchange will obviously take off.

HtTps://www.saudigazette.com.sa/article/645122/SAUDI-ARABIA/Saudi-Arabia-to-host-4th-Future-Minerals-Forum-in-January-2025

It is noteworthy that the third edition of the conference, which was held in January 2024, was attended by more than 14,000 investment leaders, heads of the largest mining companies, and technical experts and specialists in this field from 133 countries, in addition to 100 sponsors and exhibitors, while 250 speakers including ministers, ambassadors, and heads of delegations participated in about 70 sessions of the conference sessions.

In the 3th edition new estimates of Saudi Arabia’s untapped mineral potential were also announced, rising from SR 5 trillion to SR 9.3 trillion, an increase of 90 percent, in addition to signing 75 agreements with a total value exceeding SR 75 billion in the field of mining industries. These agreements included the fields of mining exploration, financing, technology, application of sustainability standards, and investment in supply chains.

Https://www.capitalethiopia.com/2024/08/27/esx-closes-capital-raise-significantly-oversubscribed-by-investors/

(Extracts)

The Ethiopian Securities Exchange, or ESX, has just achieved a significant milestone, closing its capital raise with an astounding 240% subscription rate. The exercise, which began in November 2023, aimed to secure ETB 631 million (US$ 11.07 million) to kickstart operations.

However, the overwhelming response from both domestic and foreign investors, often coordinated through a broker eager to capitalize on Ethiopia’s promising financial landscape, saw the exchange collect ETB 1.51 billion (US$ 26.6 million), more than double the initial target.

The diversity of investors participating in the capital raise reflects broad confidence in Ethiopia’s economic prospects. The list includes international strategic investors such as FSD Africa, the Trade and Development Bank Group (TDB), and the Nigerian Exchange Group (NGX). Additionally, 16 domestic private commercial banks, 12 private insurance companies, and 17 other private domestic investors contributed to this overwhelming success.

Surpassing the initial target by 240% is more than just a financial victory; it is a strong indicator of investor confidence in the Ethiopian economy and its potential for growth.

htTps://www.2merkato.com/news/transport/8017-boeing-africa-office-to-launch-in-addis-ababa-this-october

htTps://thearabianpost.com/saudi-arabia-and-ethiopia-strengthen-economic-relations-with-new-business-council/