Member Info for Robjm66

Based solely on TK but kefi having to have back down twice now on this issue i would expect the project take off bonuses on Jibal Qutamn and Hawiah to be connected to the share price as well. Also shareholders will be more inclined to be generous from the perspective of post TK take off.

Well we will see but If politicians have the choice between doing nothing, being ineffectual and actually sticking their necks out they will usually do nothing.

Plenty of factors that will keep gold high or push it higher without WW3.

More likely that a few troops might be sent as trainers European support could become more fractured over time as you get more political instability in Europe then you have the fun and games in the US.

Maybe should Harry Kane start against the Netherlands?

No

/75360/tom-winnifrith-bearcast-talking-to-kefi-today

Https://www.ecofinagency.com/public-management/0407-45698-ethiopia-negotiates-10-5bn-loan-with-imf-and-world-bank (Ethiopia general)

https://www.at-minerals.com/en/news/akobo-minerals-announced-completion-of-processing-plant-and-commencement-of-commissioning-4122084.html (Ethiopia mining)

https://www.argaam.com/en/article/articledetail/id/1738891 (Saudi mining)

Semi off topic

https://www.coindesk.com/markets/2024/07/05/crypto-bulls-rack-up-580m-liquidations-as-bitcoin-drops-8-ether-solana-dogecoin-plunge/

Https://www.zawya.com/en/projects/mining/saudis-amak-bags-manganese-ore-exploration-license-xx7xdggr

https://www.mining.com/royal-roads-saudi-jv-wins-bid-for-copper-gold-exploration-licences/

https://mining.com.au/european-lithium-to-build-hydroxide-plant-in-saudi-arabia/

https://www.argaam.com/en/article/articledetail/id/1738676 (Saudi mining)

Think as a bare minimum the share price targets from the last bonus plan should be reinstated if not increased due to the progress in Saudi making them more achievable.

Also could do with some kind of commitment from the board to not try this again or we will have the same fun and games with Jibal Qutman Hawiah and all the other projects further down the track.

Think kefi has not been making fast enough progress in Ethiopia to warrant a big bonus that’s not connected to the share price in addition to the generous level of wages. In Saudi they are pushing at an open door and if anyone deserves a bonus it’s the Geos for the steady supply of discoveries there.

Just poor business management to get into this at this time when

“The timing of the AGM coincides with meetings of Tulu Kapi project partners and financiers in Addis Ababa, including also the general meetings for KEFI subsidiaries being organised to facilitate development financing plans.” Its just bad look when you could have this issue overshadowing progress including probably I several good sets of drill results in Saudi. Do kefi really want to hold the Webiner and instead of it highlighting kefi progress it being full of questions over this bonus plan?

It may look clever tying it to credit approvals by the lenders to the Tulu Kapi Gold Project, finance lenders having permitted debt disbursement to commence for Tulu Kapi, Tulu Kapi having commenced production but those milsestones is when you do not want to give anyone a stick to beat the company with and when the shareprice should naturally grow to reward someone who has a a fairly big chunk of the company already.

Sorry for the late posting had problems with my PC.

TW Bearcast

"On Kefi Gold and Copper (KEFI) I act not, like some, by ranting from a padded cell with posts on this site or by signing in to the demented Telegram group but by standing up to the board over a new incentive scheme…" (Do not think anyone agrees with the new bonus scheme it should be connected to the share price like the old one maybe three or four pence would be reasonable and show confidence in kefi prospects in the short to medium term. Longer term when kefi is a mid cap and hopefully throwing off money doubt most people will mind higher levels of reward.)

https://addisstandard.com/ethiopia-somalia-set-for-second-round-of-talks-in-ankara-with-turkiyes-mediation/ (Ethiopia General)

https://www.ena.et/web/eng/w/eng_4699212 (Ethiopia general)

https://www.newsfilecorp.com/release/215080/East-Africa-Partner-Tibet-Huayu-Initiates-the-Procurement-Process-for-Mining-Equipment-at-the-Mato-Bula-and-Da-Tambuk-Mine-Development-Projects-Tigray-Regional-State-Ethiopia

https://www.fanabc.com/english/deputy-pm-temesgen-visits-akobo-etno-mining-company-in-gambella-region/

Interesting that they did a whole interview on the Saudi side though but you could argue that some publicity just on Saudi was well over due. Looks like we will have the results on the 65000 Hawiah Drill program “in the next month or so” and a upgrade in resources to add to the results of Al Goyder drill campaign. Seems a shift to emphasis to Hawiah overall and to launch projects on larger scale. “Jibal Qutman was defined on a 25 Square kilometre area…expanded that are to something like 270 Square kilometres” Hawiah open at depth and being constantly expanded and Artar want GMCO to be the second biggest miner in Saudi after Maaden.

https://gmco.com.sa/

Looking at the sheer scale of what's being attempted her would expect a Saudi listing sometime after an Ethiopian one and farm in or joint venture deals in Saudi.

Https://www.youtube.com/watch?v=GnQDCIbLaj0

Exploring Mining Opportunities in Saudi Arabia with Gold & Minerals Company (GMCO) CEO Brian Hosking (Kefi and Artar)

Https://finance.yahoo.com/news/east-africa-metals-completes-crucial-200500534.html (Ethiopia mining)

https://www.morningstar.com/news/pr-newswire/20240627to50744/allied-gold-releases-2023-sustainability-report (Ethiopia mining)

https://www.kitco.com/news/article/2024-06-27/3000-gold-2025-not-crazy-miners-have-significant-upside-over-next-12-months

https://gulfbusiness.com/lme-undertaking-consultation-saudi-expansion-ceo/

The exchange has recently said it is looking to expand its global warehouse network to add Saudi port Jeddah while Reuters reported in January it was also examining opening a warehouse location in Hong Kong.

Separately, the LME will undertake consulting on the “final rulemaking” around the Jeddah expansion, but remains positive on that initiative, LME CEO Matt Chamberlain, said, speaking at the same event.

https://www.argaam.com/en/article/articledetail/id/1737240

These factors make the Saudi market attractive to long-term investors, offering significant returns and dividends, Asmar said, adding that investors previously achieved very positive returns and attractive dividends.

HSBC is working to attract more foreign investments to the Saudi market through public offerings, including its recent contribution to the secondary offering of Saudi Arabian Oil Co. (Saudi Aramco).

The Saudi market has seen strong activity in initial public offerings in recent years, and this activity is expected to continue, particularly in the third and fourth quarters as well as the next year, Asmar noted.

He also believes that there are new mechanisms in the market attracting significant attention from investors.

https://www.zerohedge.com/news/2024-06-26/chinas-missing-gold-reserves-mystery-grows

https://www.zerohedge.com/political/central-banks-appetite-gold-hasnt-been-satisfied

Https://www.at-minerals.com/en/news/akobo-minerals-addresses-operational-challenges-and-advances-towards-production-4117701.html

Production start-up is as such delayed to July/August, but with the latest mine plan showing a significant revenue potential of 20 MUSD in the first few months of full production. The company informed about strategic initiatives started to evaluate ways of increasing efficiency in production and further reduce operational risk, in addition to strengthening local management capacity. (Ethiopia mining)

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/3290-tsx/aauc/163210-allied-gold-provides-update-on-continued-exploration-success-and-project-development-at-kurmuk.html

- Allied Gold Corporation (TSX: AAUC) ("Allied" or the "Company") is pleased to provide an update on the ongoing exploration and development activities at its Kurmuk Project in Ethiopia. Significant exploration results continue to support the high probability of Mineral Reserves and Mineral Resource growth, indicating substantial upside potential. The project, which remains on track for first production in mid-2026, continues to make significant strides in both project execution and exploration activities aimed at increasing mineral inventories, extending mine life, and enhancing overall value and future returns to shareholders… (Ethiopia mining)

https://africafinancecorporation.africa-newsroom.com/press/afc-invests-in-africas-largest-copper-complex-driving-mineral-beneficiation-on-the-continent?lang=en

KINSHASA, Democratic Republic of the Congo, June 26, 2024/APO Group/ -- 

Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, is pleased to announce the closing of a US$150 million senior loan with Kamoa Copper to support the expansion of the Kamoa-Kakula Copper Complex in the Democratic Republic of Congo. The loan by AFC, who acted both as lender and arranger, aligns with the Corporation’s commitment to support the local beneficiation of Africa’s abundant mineral resources to unlock the continent’s economic prosperity. (AFC and Copper)

https://www.arabnews.com/node/2537951/business-economy (Saudi mining)

Its an idea though think the in the case of old mining camp it will be totally dismantled by now. Maybe some before and after shots?

https://allafrica.com/stories/202406250300.html (Ethiopia mining)

https://mfn.se/cis/a/akobo-minerals/bulletin-from-the-annual-general-meeting-2024-in-akobo-minerals-ab-publ-b42717cf (Ethiopia mining)

https://www.mining.com/web/saudi-backed-almar-water-seeks-lithium-partnership-in-chile/ (Suadi mining)

Well was going to just chill (well try to) literally but as FU2 is missing me.

King should get the promised monthly update Monday on TK and might get drilling results if they are back from what Lab as well “the 5,000m Resource Infill and Expansion diamond drilling programme at our Al Godeyer VMS”.

https://www.linkedin.com/company/gmco-ltd/posts/ today.

“This week, we're thrilled to welcome our 2024 summer training program participants, a talented group representing a wide range of academic backgrounds, to our diverse projects around Saudi Arabia. We're proud to host over 40 senior students, early career professionals, and even PhD students from different Saudi universities..”

https://www.mining-technology.com/news/jubilee-metals-expands-copper/ Africa copper

https://www.ena.et/web/eng/w/eng_4653061 Ethiopia general

https://www.bloomberg.com/news/articles/2024-06-24/creditors-ready-to-give-ethiopia-more-time-to-negotiate-imf-deal?srnd=homepage-asia

https://addisstandard.com/ethiopia-leads-east-africa-in-foreign-direct-investment/

Kind of temporary summer lull in things generally with gold trading sideways and more of a stalemate in Ukraine not quite at the general election here and not at the stage where Biden might get replaced in the states. Main action seems to be see whether bitcoin holds above 60000 and that Julian Assange will be released.

Oh and TAA has been dropped.

Ok you have a cake but you are not allowed to eat it…

Joking apart the share has reduced by a percentage but the overall level of resources and prospects has increased by a much larger amount than the percentage lost.

Started off with JQ licence area lost it got it back with an much increased area. Nearly three times the size and gold price around twice what it was around the time of the JQ PFS in 2014. Its obvious as well more discoveries will be made there in in fact already made one with Asfingia. So say in JQ have a prospect that is worth at least six times what is was originally worth.

https://www.kefi-goldandcopper.com/files/announcements/kefi-renewal-of-jibal-qutman_-exploration-licence-17oct22.pdf

Did not have Hawiah at all originally so that is all gravy and looking at “A doubling of the resource with material of similar characteristics as the maiden resource would indicate an estimated net cash surplus of over US$500 million before financing costs and tax” then you have the discoveries at Al Godeyer and Abu Salal and a healthy copper price would not be surprised if the areas there go the same way as the JQ areas and end up six times what they are worth soon but lets say they are worth four times what they were worth from the start.

Also the lesser percentage and the SIDF loan means minimal start up costs of the projects once they get go ahead from when Kef started in Saudi.

Lots of moans about the value lost in Saudi but I guess its intellectually easier than actually looking at the value added.

Maths question you have three pies..

1. Pie one has a 10 inch radius and you can have 40 percent of that.

2.The second Pie is three times the size and but you can only have 24.75 percent of the pie.

3.The third pie will be twice the size of second but you will have to sell 20 percent of it and have 24.75 of the remaining pie.

Which option gets you the most pie?

HtTps://agsiw.org/saudi-arabias-and-the-uaes-quest-for-african-critical-minerals/ (Saudi/African mining)

On May 27, Abu Dhabi’s International Holding Company, a government-backed investment entity, announced it is in negotiations with the Zambian government to acquire Konkola Copper Mines. The move is part of an intensive effort by the United Arab Emirates as well as Saudi Arabia to increase investment in critical minerals as the Gulf oil producing countries strive to diversify their economies away from fossil fuels.

Over the past year, Saudi Arabia has been actively pursuing critical mineral deals in Africa, though it has not yet closed on any. In June 2023, the Public Investment Fund expressed interest in investing in the Democratic Republic of Congo’s critical minerals through Maaden, a state-owned Saudi mining company. Additionally, at the Future Minerals Forum in Riyadh in January, Saudi Arabia signed memorandums of understanding for mining investments with the Democratic Republic of Congo, Egypt, and Morocco. Following the forum, the kingdom established Manara Minerals, a joint venture between the PIF and Maaden, to invest in mineral resources worldwide. Manara Minerals was listed as a potential bidder for up to a 30% stake in Zambia’s copper mines owned by First Quantum Minerals, a Canada-based mining company.

htTps://www.juniorminingnetwork.com/junior-miner-news/press-releases/2840-tsx-venture/peak/162847-sun-peak-metals-completes-initial-2024-drill-program-at-the-shire-project.html (Ethiopia mining)

htTps://www.zerohedge.com/news/2024-06-20/central-banks-how-invest-gold-long-term (Gold)