Member Info for Robjm66

Yes I know that dropped below that level then Artar decided to help kefi out and if Artar were going to do anything they would have done so then and did not. Your just being deliberately dense now.

“Rob asks why Artar would split up with Kefi - well that is a completely naive question - if you could get an asset on the cheap why wouldnt you - billionaire Saudis arent prone to gifting millions of pounds to London PIs if they dont have to” Except Artar did agree to carry kefi did not go for the option of getting assets on the cheap (I.e a lot than kefi more than kefi present market cap that was worked out by an expert) and I put the arguments forward as why they did not none of which Smelly could counter.

If you do not like being ridiculed Smelly stop being ridiculous.

Thanks Ameen.

Only my opinion but do not see Artar letting kefi buy back over the 25 percent as kefi going to be more a takeover target at parent level as it makes more progress and while its not in Artars interest to replace kefi they might want it as a bargaining counter if kefi taken over by someone else.

As for covering any money owed to Artar they might be open to a farm in at JV level if it means the exploration could be maintained at high level that would mean some dosh to kefi as well. An obvious candidate being Ivanhoe as it is there as an explorer and has areas near kefis and Robert Friedland is a copper fan. The problem there is the more Ivanhoe knows about kefis Saudi prospects the more tempting it might be to make a move on the company when it hits 100 million dollar plus mark.

HtTps://www.2merkato.com/news/energy-and-mining/7905-ethiopia-national-bank-ups-gold-incentives-to-fight-black-market

htTps://www.2merkato.com/news/energy-and-mining/7904-ethiopia-ministry-of-mines-misses-revenue-target

htTps://www.fanabc.com/english/ethiopia-to-reinforce-devt-endeavors-in-mineral-bamboo-resources-as-key-spheres-for-prosperity-dpm/

htTps://uk.marketscreener.com/quote/stock/GLENCORE-PLC-8017494/news/Along-Peru-s-mining-corridor-Big-Copper-faces-a-snarl-of-trucks-47000948/ (Copper)

htTps://gulfbusiness.com/saudi-arabia-world-first-licenced-autonomous-air-taxi-hajj-2024/ (first cab off the rank sorry could not resist)

Smelly answered all your points and you just ignored the counter arguments just repeating the same points when they have been shot down does not make them any more valid.

Smelly “As I have said for months ( often ridiculed)” you get ridiculed because you lose the argument every time as you cannot explain why if Artar wanted to do it they had not already done so and what is the actual benefit in Artar in doing so. There Is not any benefit for Artar in replacing kefi with another operation that would want the same deal or better and there would be a lose of expertise and time. Its more likely that the JV will be weighing up the options to expand the exploration operation and faster development of the prospects maybe with a farm in or another kind deal. Artar had a choice not long ago to help kefi by carrying them for a while or not and chose to massively help kefi out.

As for the bonus replacement plan it gets paid out on success maybe there is a case to adding a clause (as it’s a replacement) that mirrors what was before that the share price should be at certain level as well like previously. Maybe make that case and give the Artar conspiracy theories a rest.

STI Bonus 1: This bonus is awarded upon the granting of credit approvals by the lenders to the Tulu Kapi Gold Project¹.

STI Bonus 2: Upon project finance lenders having permitted debt disbursement to commence for Tulu Kapi and not earlier than 12 months after STI Bonus 1 was earned¹.

STI Bonus 3: Upon Tulu Kapi having commenced production and not earlier than 12 months after STI Bonus 2 was earned¹.

Bit of background

https://www.metmuseum.org/toah/hd/cyco/hd_cyco.htm

https://cyprus-mail.com/2023/04/04/cyprus-can-benefit-from-soaring-copper-prices/

https://www.venusminerals.co/about/directors

https://arianaresources.com/projects/major-investments

https://www.proactiveinvestors.co.uk/companies/news/1008211/ariana-increases-stake-in-venus-minerals-ahead-of-planned-ipo-1008211.html

Https://www.kefi-goldandcopper.com/files/announcements/kefi-circular-notice-of-agm-andproxy-19june24.pdf

The AGM will be held at 11:00 a.m. (EAT) (9:00 a.m. (BST)) on 22 July 2024 Menelik II Ave, Addis Ababa 1164, Ethiopia. A Webinar will be conducted for KEFI shareholders immediately following the AGM. This approach follows the Company’s recent poll of shareholders participating in the quarterly webinar, 75% of whom preferred not to physically attend the AGM and to have an on-line presentation. On the other hand, we have many planned shareholders and financiers of Ethiopian subsidiaries who plan to attend formal meetings in Ethiopia as part of launch preparations for the Tulu Kapi Gold Project. Therefore on this occasion, we have moved the AGM to Ethiopia to mark the importance of occasion.

Thanks Bear. Looks to me that its only a matter of time till kefi lists in both countries hubstar.

https://www.proactiveinvestors.co.uk/companies/news/1050026/kefi-gold-executive-chairman-on-2023-milestones-and-progress-with-ethiopia-and-saudi-arabia-projects-1050026.html 5.44 minutes in also that Kefi is hand in glove with the Ethiopian government in promoting there stock exchange with a likely listing there sometime later in the year. Obviously the Ethiopian government see kefi and mining as crucial to their economy and was sounds like new money will be able to cover a expanded Ethiopian operation was a mention of bonds connected to listing in Ethiopia.

Https://newbusinessethiopia.com/mining/kefi-gold-releases-report-about-ethiopia-saudi-projects/

https://www.timesaerospace.aero/news/airports/ethiopian-inaugural-flight-lands-at-new-nekemte-gudina-tumsa-airport (should help kefi just fly out gold when producing)

https://eastleighvoice.co.ke/africa/51161/ethiopias-council-of-ministers-approves-key-banking-reforms

https://www.ft.com/content/8a3218a0-f02b-44ba-a669-c211eb113dfb (copper)

https://www.marketscreener.com/quote/stock/EAST-AFRICA-METALS-INC-49479164/news/East-Africa-Metals-Signs-Drilling-Contract-to-Initiate-the-Mato-Bula-Extension-Drill-Program-Targeti-46986646/ (Ethiopia mining)

https://myviewsonnews.net/ethiopia-gets-billion-dollar-success-in-coffee-exports/ (Ethiopia general)

https://www.miningweekly.com/article/chile-says-saudi-mining-minister-to-visit-lithium-expected-on-agenda-2024-06-18 (Saudi mining)

https://www.mining-technology.com/news/golden-mile-enters-deal/?cf-view (Copper)

Well the company will want to highlight the backing of the Syndicate and any progress on TK think shareholders will appreciate that. As for Aim its dire and has been dire for years. Maybe would make sense to move out of Aim and just list in Ethiopia and Saudi short or long term as Saudi is where the money is and increasingly the mining world. Easier now to trade now on foreign exchanges anyway.

Would expect some news on Saudi before the AGM.

Think its got to the stage where the company will have to come off the fence and make some choices as going to have The Ethiopian government on one hand and Artar on the other pushing for faster and faster progress.

Well going to be a test Fantasy Hubstar which projects are going to be JVed or have farms in and at what price and with what partners?

Does kefi give away some future revnue from TK for cash now? Does Kefi have one major partner maybe Saudi at company level or just still partners at project level maybe with some exploration help? Might it make sense to list in both Saudi and Ethiopia? There are tax benefits to having a HQ in Saudi and a commitment to dual list in Saudi might help Kefi get one of those exploration grants the Saudis are going to hand out on the other hand the Ethiopian are opening up their markets to foreign investment?

As for Amak i did point out that as it was happening to harrys annoyance.

Hubster while I can see how kefis share price should naturally narrow the gap over time sometimes you have to throw the market and shorter term investors/traders some red meat which is best done in my view by a Saudi Dual listing seeing what happened with Amak.

Think Harrys mindset is bit old fashioned and often gives the impressn he does not understand the traders or want to understand them. Its one of the reasons the share price has such a big disconnect to kefi underlying assets. Most people here are here to make money when Harry thinks he is here to build mines.

Its Ironic that now Harry will have to step up and do some deals and get some headlines so Kefi can transition to a Mid cap miner.

Kefi Going to have to partner up think the the two most likely partners are Ivanhoe and Allied gold.

Another similar project has also recently been launched in Ethiopia by Canadian company Allied Gold and local conglomerate MIDRC has two less advanced similar-scale projects. The sector is coming alive.

Africa's next senior gold producer

Recent Vid

https://www.youtube.com/watch?v=xdL3B43C2G4 Allied gold

Hawiah plus its satellite discoveries Al Godeyer and Abu Salal. We consider it likely that a cluster of VMS deposits will be identified as we progress. The district has also recently attracted extensive pegging by the exploration joint venture of Government-controlled Ma’aden and Ivanhoe Electric.

Recent exploration has discovered two potential satellite orebodies near the proposed Hawiah processing plant. The nearby Al Godeyer deposit was discovered in 2022 and an initial MRE was estimated in 2023. Drilling at Abu Salal, approximately 50km south of Hawiah, intercepted sulphide mineralisation containing copper, gold, zinc and silver in multiple horizons in early 2024.

Over the coming year, Hawiah development studies will be progressed in conjunction with drilling programmes to upgrade and expand the GMCO’s copper-gold Mineral Resources in this major VMS district.

Systematic exploration is ongoing across the three contiguous Jibal Qutman Exploration Licences (“EL’s”) to confirm structural controls on recently identified higher-grade gold mineralisation and identify further resource potential. Previous exploration primarily focused on an 8km long section of the original Jibal Qutman EL. The full 35km mineralised strike length is now being tested.

Simultaneous with the triggering of full development at Tulu Kapi, we intend to re-commence exploration programmes in Ethiopia and intensify our exploration program in Saudi Arabia. In Ethiopia, the initial focus will be below the planned open pit where we already have established an initial resource for underground mining at an average grade of 5.7g/t gold. We also intend to follow-up drilling which indicated good potential for nearby satellite gold deposits in the Tulu Kapi District. In Saudi Arabia, further drilling is being undertaken during 2024, in particular for satellite deposits near Hawiah and Jibal Qutman.

Kefi will have to Dual list and do JV or farm in deals otherwise it will be too stretched. Post TK launch kefi is already planning to ramp things up even more in both countries.

Https://www.proactiveinvestors.co.uk/companies/news/1049919/kefi-gold-to-consider-dual-listings-on-local-and-other-exchanges-1049919.html

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.

Hubstar Well company has a lot of cards to play now so looking at it from a JV partner perspective in Ethiopia you might wait a month to see things going smoothly with Early works then make some kind of play or at end of Early works.

A possible JV or farm in Saudi could happen any time though the chances will increase the more discoveries the company makes there and with resource increases. If Kefi hits the 100 million dollar market Cap (which is only slightly over a doubling of the present share price) could be a in play as a takeover target especially in Saudi. Might even have Artar step in to buy kefi out to avoid it being taken over at some stage assuming they do not want that to happen though they might be comfortable with some kind of tie up with Ivanhoe.