Member Info for tintin35

Don't suppose anyone has any questions?

KEFI Gold and Copper (AIM: KEFI), the gold and copper exploration and development company with projects in the Federal Democratic Republic of Ethiopia and the Kingdom of Saudi Arabia, is pleased to announce that Harry Anagnostaras-Adams, Executive Chairman, will provide a Quarterly Update presentation via the Investor Meet Company platform on 10 January 2022 at 9:00am GMT. The Quarterly Report will be announced and uploaded to the KEFI website that morning for ease of reference.

The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9am the day before the meeting or at any time during the live presentation.

KEFI Directors and management themselves invested over US$2 million which is approximately 100 million Ethiopian Birr in today’s capital raising in London. By this investment, combined with their shareholding of more than 10% in KEFI, this highly experienced senior team which has also managed some of the world’s largest mining companies demonstrates its full commitment to the development plans of the company, starting with Tulu Kap

The Tulu Kapi Gold Project consortium includes major African multilateral development banks East African Trade and Development Bank, whose regional headquarters is in Addis Ababa, and African Finance Corporation, the huge Nigerian-based development bank. These two banks have already worked with the Ethiopian Government on several initiatives including their work with Tulu Kapi Gold Mines Share Company.

As part of the Tulu Kapi Project Consortium, the banks signed their initial deal terms sheets two years ago. Since then they have completed independent experts due diligence reports and now await security and other normal requirements like detailed documentation and insurances to be satisfied to support the launch of the project.

are we actually paying taxes? We must have millions of losses/costs to write off first....

from The Independent
Rebellious Tigrayan forces fighting the Ethiopian government have announced their withdrawal from two key regions in the north of the country, a step towards a possible ceasefire after 13 months of brutal war.

"We trust that our bold act of withdrawal will be a decisive opening for peace," wrote Debretsion Gebremichael, the head of the Tigray People’s Liberation Front (TPLF), the political party controlling most of the northern region of Tigray.

His letter on Monday to the United Nations called for a no-fly zone for hostile aircraft over Tigray, imposing arms embargos on Ethiopia and its ally Eritrea, and a UN mechanism to verify that external armed forces had withdrawn from Tigray.

Mr Debretsion said he hoped the Tigrayan withdrawal, from the regions of Afar and Amhara, would force the international community to ensure that food aid could enter Tigray. The UN has previously accused the government of operating a de facto blockade - a charge the government has denied.

"We hope that by (us) withdrawing, the international community will do something about the situation in Tigray as they can no longer use as an excuse that our forces are invading Amhara and Afar," TPLF spokesman Getachew Reda told Reuters.

they're finally talking about them :)
Ethiopia is seeking more collaboration with other African countries to help its struggle with the ongoing internal conflicts.

The Ethiopian Deputy president Sahle Zwede visited Ivory Coast on Thursday and met with President Alassane Ouattara.

Sahle said the situation in Ethiopia is stabilizing and that they will soon have a 'national dialogue

"No war is simple as long as it is a war between us. There is no external occupation or external aggression so it is a painful episode. But a genocide must be determined, there are criteria that unfortunately must be fulfilled...but we don't have all that," Sahle said.

"We are moving forward, the situation is stabilizing and we will soon have a national dialogue that will determine the future of the country," said Sahle.
https://www.africanews.com/2021/12/17/ethiopia-s-president-hints-at-national-dialogue-to-end-conflict/

https://www.bbc.co.uk/news/world-africa-59552888
Kjetil Tronvoll, a professor in conflict studies at the Oslo New University College in Norway, said there was no doubt that Mr Abiy's decision helped turn the tide against the Tigray People's Liberation Front (TPLF).

"Though the photos suggest that he was close to the front lines and not on the actual battlefield fighting, his decision paid off, " he said.

"It boosted the morale of his generals, led to a surge in Ethiopian nationalism, saw national heroes like Haile Gebrselassie come out in support of the war effort, and thousands of people lined up to join the army and the Amhara [ethnic group's] militias."

wow, they really c*cked up here;
https://sputniknews.com/20211214/watch-tplf-spokesman-admits-group-was-directed-by-us-to-take-control-of-ethiopian-capital-1091525689.html
China 1 USA 0

breaking the A2 access to Tigray means that EG now control the war. A few TPLF turning up in a village doesn't sound like an effective counter attack to me. Time to talk peace so we can all move along...
https://www.google.com/maps/place/Arjo/@12.738802,38.9089735,8.67z/data=!4m5!3m4!1s0x165372ac6c553c55:0xb19e8843ab615782!8m2!3d9.0449963!4d36.2594261

“Ethiopian Forces led by the Prime Minister, who has headed to the front again, have captured the mountain chains of Zobel, strategic towns of Arjo, Fokisa, Boren…and cut through the main Woldia-Mekelle highway,” his office said in a tweet on Sunday.
https://nation.africa/kenya/news/africa/abiy-returns-to-frontline-announces-more-victories-against-tplf-3651258

this justifies my buy a few weeks ago at 0.867p - the SP is worth well over a penny purely on Saudi assets - and I certainly haven't given upon on TK. With the threat from civil war finally receding we can see this for the bargain it is!

oops - meant to paste this
"The Hawiah project already appears to be a robust standalone development proposition. However, it has always been our opinion that Hawiah is greater than just one deposit, instead we believe it will prove to be a district of VMS deposits. G&M have already identified multiple VMS targets in the surrounding Hawiah area, and today's announcement marks the first step in expanding a single project at Hawiah into a mining district of complementary deposits. Shared infrastructure between the projects will leverage the value of each one and reinforce the overall development strategy.

"These new licences, plus the imminent December Hawiah MRE, reinforce the established position of KEFI in Saudi Arabia as a leading explorer and developer. 2022 is set to be a very positive and busy year for the joint-venture with the expected delivery of the PFS and further resource growth at Hawiah, as well as the start of additional regional projects. Furthermore, based on discussions with the regulatory authorities in the current quarter, we also now anticipate progress of the Jibal Qutman Gold mining licence, our first discovery in Saudi Arabia with an existing resource in excess of 700,000 ounces of gold.

"I look forward to providing further updates on both our operations in Saudi Arabia and also Ethiopia, where the political situation continues to improve and good progress is being made with respect to finalising the funding for the launch of the Tulu Kapi project development."

Hawiah could be a monster!

KEFI Gold and Copper (AIM: KEFI), the gold and copper exploration and development company with projects in the Federal Democratic Republic of Ethiopia and the Kingdom of Saudi Arabia, is pleased to announce the issuance of the Al Godeyer and Al Godeyer East Exploration Licences (the "AG Licences"), to the KEFI-operated Saudi Arabian joint-venture Gold and Minerals Limited ("G&M"). The licences are situated 12km south-west of the Company's Hawiah discovery (see Figure 1 in the attached appendix), which is expected to shortly upgrade the 2020 Mineral Resource Estimate ("MRE") of 19.3Mt at 1.9% copper equivalent.



Highlights

· Al Godeyer and Al Godeyer East licences granted on an initial 5-year term

· Exploration work suggests a strike length of more than 2km for the identified gossan horizon

· Accelerated Exploration programs targeting a Maiden resource within 2022

· Situated adjacent to the Company's significant Hawiah discovery



Background

The Company's Hawiah Copper-Gold VMS project ("Hawiah') is now advancing through the Preliminary Feasibility Study ("PFS") for potential development, having completed 42,000m of drilling across the project during the 2019-2021 initial exploration phase. An update to the MRE, in conjunction with SRK Consulting (UK) Ltd, is nearing completion and is expected to be announced later in December 2021. This will form the basis for much of the PFS works including mine and process design.

The granting of the AG Licences is a significant step in G&M's plans for the development of the wider Hawiah Project area, representing the first of the satellite targets to be explored. The proximity and shared mineralisation style should present an excellent opportunity to enhance the Hawiah project with additional grade and tonnage.

KEFI Gold and Copper (AIM: KEFI), the gold and copper exploration and development company with projects in the Federal Democratic Republic of Ethiopia and the Kingdom of Saudi Arabia, is pleased to announce the issuance of the Al Godeyer and Al Godeyer East Exploration Licences (the "AG Licences"), to the KEFI-operated Saudi Arabian joint-venture Gold and Minerals Limited ("G&M"). The licences are situated 12km south-west of the Company's Hawiah discovery (see Figure 1 in the attached appendix), which is expected to shortly upgrade the 2020 Mineral Resource Estimate ("MRE") of 19.3Mt at 1.9% copper equivalent.



Highlights

· Al Godeyer and Al Godeyer East licences granted on an initial 5-year term

· Exploration work suggests a strike length of more than 2km for the identified gossan horizon

· Accelerated Exploration programs targeting a Maiden resource within 2022

· Situated adjacent to the Company's significant Hawiah discovery



Background

The Company's Hawiah Copper-Gold VMS project ("Hawiah') is now advancing through the Preliminary Feasibility Study ("PFS") for potential development, having completed 42,000m of drilling across the project during the 2019-2021 initial exploration phase. An update to the MRE, in conjunction with SRK Consulting (UK) Ltd, is nearing completion and is expected to be announced later in December 2021. This will form the basis for much of the PFS works including mine and process design.

The granting of the AG Licences is a significant step in G&M's plans for the development of the wider Hawiah Project area, representing the first of the satellite targets to be explored. The proximity and shared mineralisation style should present an excellent opportunity to enhance the Hawiah project with additional grade and tonnage.

https://www.sudanspost.com/tplf-fighters-surrender-to-ethiopian-federal-forces-in-great-numbers-government/

obviously part of the cunning TPLF plan...

I suspect Harry has a cunning plan....
an Ethiopian year is comprised of 13 months.
The Ethiopian calendar has twelve months of thirty days while the thirteenth month consists of five or six epagomenal days — depending on whether it’s a leap year.

Literally, it means that Ethiopia is currently in 2014 and not 2021 like most coun

other miners in more difficult situations seem to be getting on with it - from Mining Minister's FB
Our brave defence army is wiping the enemy from the front and on the other hand it is fulfilling its mission to create a rebuilding and rebuilding.
At present, the people involved in mining development in Benishangul Gumuz region are facing a situation to do their work beyond the security threat.
Today we visited Benishangul Gumuz region Kumruk woreda, Benishangul, Gumuz region, we have seen the status of the cultural mining companies with the president of the region Mr. Seshadil Hassan and other officials.
The companies are finding solutions to the problems that have been hindered to their work and we will make them to work with their full capacity.
Our military and other security forces deserve respect for the bravery they are showing.

looks like any threat from the TPLF is over now
a senior diplomat of the TPLF said on condition of anonymity that a lot of factors, including lack of military supplies had forced the rebel forces to retreat saying such downward trends for the TPLF gains will likely continue for the next few weeks.

“As you know, the regime has secured armaments from neighboring countries and also some Gulf and European countries have also helped the government with weapons and this has changed the power balance between us and the genocidal forces of Abiy Ahmed,” the official said.

“These military aid to Abiy’s regime has changed the dimensions at the battle fields because we depend on weapons we captured from the enemy and so, we decided to retreat and this will continue for next few weeks,” he added.

https://www.sudanspost.com/ethiopian-rebels-to-consider-further-retreats-as-military-supplies-dry-up-opposition-diplomat/

The TPLF have a cunning plan which appears to involve running away.....
https://www.dw.com/en/ethiopia-claims-strategic-gains-despite-tplf-denials/a-60038181

As predicted this morning. All good. TPLF in dissaray

In a statement, the Prime Minister’s office said the army has captured, in the Woreillu Front, areas of Ajbar, Tenta and Dob, while Majete, Chereti, Iriqe, Woledi, Albuko, Kemisse towns and most of Qalu Woreda were “liberated from the terrorist TPLF group” from the Kemisse Front.
https://www.sudanspost.com/ethiopian-federal-forces-capture-7-new-areas-from-tplf/

I don't expect any rise in SP?

currently 22% up