Member Info for Robjm66

Looks to me that Artar are giving kefi space to launch TK and would think the UK based lender is confident.

Overall told us what we already know need to close the deal with the second lender and trigger the second set of warrents.

Production n 2026 but that's two mines and TK finance rejigged slightly for later repayment of mine finance.

HtTps://www.proactiveinvestors.co.uk/companies/news/1039222/kefi-gold-says-tulu-kapi-finance-documents-in-near-final-form-1039222.html

Detailed definitive agreements for the project financing are in near-final form with contractors, equity investors and government agencies. Those for the lenders have also been drafted, but await credit committee approval by the co-lender before finalisation.

the financial projections were updated to reflect the Company's business plan:

-- Development of the underground deposit so that it begins to contribute to production as from Production Year 3;

-- Processing of the low-grade stockpiles at end of mine life;

-- Equity analysts' consensus long-term gold prices (as per Standard and Poor's) now at US$1,862/oz;

-- Lifting the process rate by 20% to c, 2.4Mtpa;

The intention to refinance the debt package with conventional corporate finance during the third year of production, at which point the more expensive components of start-up finance would be repaid.

Https://twitter.com/addisstandard/status/1749810545233117301/photo/1

Https://www.theafricareport.com/334111/ethiopian-central-bank-hard-currency-directive-kickstarts-financing-for-kefi-gold-project/

HtTps://investmentpolicy.unctad.org/investment-policy-monitor/measures/4494/saudi-arabia-offers-a-30-year-tax-relief-package-to-attract-regional-corporate-headquarters-#:~:text=On%205%20December%202023%2C%20the,international%20investment%20to%20the%20Kingdom.

htTps://www.mondaq.com/saudiarabia/government-contracts-procurement-ppp/1412114/saudi-arabia-offers-30year-tax-relief-plan-to-attract-more-regional-corporate-hqs#:~:text=The%20Saudi%20government%20announced%2C%20on,and%20headcount%20to%20the%20Kingdom.

htTps://www.agbi.com/articles/saudi-regional-hq-programme-rules-loopholes/

One thing I am curious about is the how the HQ thing will work is the kefi operation in Saudi regarded a Regional HQ covering the middle east and TK the regional HQ covering Africa so they can already apply for this?

"The tax exemption package under the regional headquarters (RHQ) programme includes a zero percent rate for corporate income tax and withholding tax related to approved activities for 30 years, state-run SPA news agency reported.

The companies will benefit from the tax relief from the day they obtain their license."

https://*************.com/views/72587/kefi-gold-copper-saudi-arabia-joint-venture-moves-to-make-further-progress-strong-buy

Https://finance.yahoo.com/news/gold-enter-2024-sights-set-163400085.html

A Reuters poll in October forecast prices will average $1,986.50 in 2024.

“The poll of 30 analysts and traders conducted in October returned a median forecast for gold at $1,986.5 a troy ounce for 2024.”

Think gold price might choppy for a few weeks as now looks like rate cuts might be delayed but eventually the inflation fight will be given up. Think the mainstream analysts are wrong and we will be looking at a gold price way higher than 2000 this year.

Well its a gold mine so biggest factor is the price of gold at TK all in cost around 1200 dollars so if you thought the gold price was going to below that should not be investing in gold mines.

Second most critical factor is consortium members not wanting to go ahead but we should get board approvals from consortium members in the coming days and weeks and have not heard any convincing arguments why any of them would not want to go ahead having gone this far.

Https://www.thereporterethiopia.com/38311/ (Ethiopia general)

https://www.afdb.org/en/news-and-events/press-releases/african-development-bank-group-and-ethiopia-resolve-normalize-relations-67834 (Ethiopia general)

https://www.barrons.com/news/african-bank-expats-return-to-ethiopia-after-pm-apology-47e62433?refsec=topics_afp-news (Ethiopia general)

https://www.thenationalnews.com/business/economy/2024/01/20/can-saudi-arabia-emerge-as-a-mining-powerhouse-amid-global-race-for-minerals/ (Saudi mining)

https://oilprice.com/Energy/Energy-General/Tadawul-Groups-Move-Ignites-Competition-in-Commodity-Trading-via-DME-Investment.html (Saudi general)

https://www.argaam.com/en/article/articledetail/id/1698828?IRAccessToken=saudire

(gold)

https://www.zawya.com/en/markets/equities/saudi-tadawuls-tasi-surges-1421-in-2023-dpwrwd24 (Saudi general)

https://www.mining.com/brazil-negotiates-mining-investments-with-saudi-arabia-minister/ (Saudi mining)

https://www.argaam.com/en/article/articledetail/id/1699018?IRAccessToken=budget-saudi (Saudi mining)

Wow glad I was busy for some hours the next Rns is as Harry said likey to be Saudi as they working on that already.

From the rns”Accordingly, GMCO and its two shareholders are now focused on how to best position the joint venture for the next stage of its development”

“have agreed to refine their GMCO shareholders agreement and respective working arrangements.”

https://*************.com/views/72560/video-are-my-fellow-kefi-shareholders-your-top-pick-for-the-pub-quiz-team

"yesterday kefi gold & copper (kefi) did a presentation on the investor meet platform then took questions from private investors. i'm happy with the presentation and am happy to still rate the shares, at 0.669p as a buy. they could easily treble this year. i thought boss 'arry adams was upbeat. but i also worry that some of my fellow shareholders are the sort of morons who give morons a bad name. for light relief just skip to the q&a. enjoy."

i am not bad on eighties pop groups and history. would not be surprised if a lot of the questions came from people who are not shareholders and have no intention to be shareholders.

Considering there is nothing in the market cap for Saudi and likely 2000 gold plus..

Https://www.statista.com/statistics/1088734/global-lithium-market-value/

https://www.woodmac.com/news/opinion/shaping-lithium-market/

https://www.cnbc.com/2023/08/29/a-worldwide-lithium-shortage-could-come-as-soon-as-2025.html

https://www.visualcapitalist.com/sp/direct-lithium-extraction/

https://www.mining.com/lithium-price-plummet-due-to-continue/

Looks like a price dip now then a pick up in lithuim prices next year.

Looks like kefi best bet is to see who comes out on top at Kenticha let them do the work then reap the benefit from having a prospect “along strike” which is kind of what Harry said. My guess is they will have to use foreign expertise (at Kenticha) as they have not developed the home grown talent yet Kenticha has had past tantalum production but that has had problems in the past. Kefi could joint venture the prospect using Saudi money now Saudi is looking to invest worldwide in mining projects. Company could end up with a ne string to its bow.

https://www.thereporterethiopia.com/36610/

https://www.capitalethiopia.com/2023/08/14/game-changing-lithium-production-to-commence-at-kenticha/

https://www.thereporterethiopia.com/37159/

https://www.miningweekly.com/article/abyssinian-launches-legal-dispute-against-state-jv-partner-in-ethiopia-2023-11-17

https://birrmetrics.com/ethiopias-minister-of-mines-declares-lithium-as-the-fuel-of-the-future/

https://www.theafricareport.com/333759/exclusive-saudi-arabia-targets-investment-in-east-africa-critical-minerals/ anyone signed up to Africa report?

The joint venture, involving Abyssinia Mining and Energy (AME) and Oromia Mining Share Company, has the potential to generate annual revenues of at least 300 million dollars, according to Habtamu. However, the project has encountered obstacles due to a dispute between the two shareholders, as explained by the Minister.

In response to the ongoing dispute, Minister Habtamu assured lawmakers that discussions were underway to find a resolution and determine the future course of action for the Kenticha Mining project.

(will try to find out more about the other lithium prospect when i have the time)

Looked up kefi on ethiopian mining site they have two licence application for Lithium prospects the one Harry mentioned is near kenticha.

Https://www.businesslive.co.za/bd/world/africa/2024-01-18-ethiopia-throws-open-its-doors-to-foreign-investment-banks/

Harry mentioned that Ethiopia would be launching securities exchange

https://www.mining.com/web/saudi-arabia-flags-commodity-trading-ambitions-with-dme-stake/

As part of the agreement, the DME will be renamed the Gulf Mercantile Exchange and will expand in energy, metals and agricultural products. The Tadawul also has the option to take majority control of the exchange after four years.

The investment comes as Saudi Arabia spends billions of dollars to become a hub for the production and processing of metals and minerals. Its sovereign wealth fund is the majority owner of Tadawul, and a key investor in the kingdom’s broader commodities strategy.

HtTps://www.youtube.com/watch?v=5A_zlmiWEhk presentation now on youtube

HtTps://www.proactiveinvestors.co.uk/companies/news/1038838/kefi-gold-tweaks-saudi-jv-terms-ahead-of-rush-of-news-1038838.html

Https://www.kefi-goldandcopper.com/files/presentations/kefi-webinar-18-jan-24.pdf the slides that went with the webinar