Member Info for tintin35

2.5p BOOOOOOOMMMM....

2.325p now - reached 2.8p last september

2.29p mini Boooomm....

2.17p paid - decent start...

Artar footing the bill for the remaining 65% of the 25% - so not a huge capital outlay. Also, we are moving to an electrified world and away from fossil fuels. Exactly what Saudi Arabia needs and to note but a few examples.. electric cars, busses, and charging points, infrastructure, solar, wind and any renewable energy, the ambitious Chinese Belt and Road infrastructure initiative, and the imminent multi trillion dollar U.S. infrastructure bill to be passed shortly by Biden and the Democrats who now control all legislative branches of government. And with the Democrats there will certainly be a lot more copper dependent green energy. Then there is the Chinese reinfrastructuring of the Belt and Silk Road across 68 countries. Copper, copper, copper.I reiterate my 6-7p forecast on news in hours / days, 12-15p near term rerate and minimum 40p within 15-18 months. I do not see any patience required for those that have invested from the mid to long term as we have this in spades. But for recent entrants, hold your position, then continue to hold - it will not be long now. And with rising inflation and unparalleled monetary and fiscal policy the price of gold is set to comfortably move upwards. The the copper price is at a 10-year high and rising - it will be one hell of a ride. Welcome and please do ask questions.

The Aussies, as we all know are among the best miners this world has to offer. And for this particular Arabian-Nubian Shield belt geology, they are, without question the very, very, very best - evidenced by the huge pioneering successes of such mining on their own land. This is the real deal, and it's been inching forward for near on 15 years. There have been all sorts of challenges and impediments, such as jurisdictional instability, which has now very much so been resolved by dramatic, sweeping, Ethiopian 2018 Nobel Peace prize winning democratic reforms. There has been added frustration associated with being the first public private mine in a quarter of a century; not least the bureaucracy of being the guinea pig and ultimately the co-creator of regulation for a sector to which the Ethiopian Govt are now highly committed.Also, as mentioned, the market has clearly yet to factor in KEFIs additional assets in the Saudi part of this Arabian-Nubian shield, which is looking like it will be upwards of five times what KEFI have in Ethiopia. In just 7 months of drilling the SAUDI HAWIAH asset has uncovered easily accessible, shallow depth VMS Volcanic Massive Sulfide. BIG mineral NUGGETS, incredibly rich in highly concentrated copper. As was quoted, it's like a mattress on its side with an initial PEA complete. And even more assays are to come shortly as we uncover just how big and long this mattress is of which there are five more. And then of course there is JIBAL QUTMAN also in Saudi - another 700K ounces of gold. It will be incredibly profitable and quickly fund all sorts of future KEFI development costs. Its open pit and all in sustaining cost could not be lower at 600 USD per oz. Easy open pit stuff - just need to grab a shovel. The Saudis are - and will - continue to be an easier and less bureaucratic nation to deal with from a mining and resource perspective. They are much more sophisticated and accustomed to such foreign investment and have been so for over a century in the oil sector. Here again KEFI have first pegging rights that far exceed the specific area we are currently exploring. Early findings have copper grades upwards of 5 percent. This grade is 10-fold to that of many, if not most, of the world's largest existing profitable copper mines. Incidentally those senior global players will now go deeper into existing pits at much higher costs and lower grade to that of what they are doing now. So the profitability of shallow depth combined with high grade copper has an exponential impact on profitability. All at a time when the worlds copper supply is dwindling, demand is increasing and Saudi oil production is reducing. Hence the large government sponsored mining initiative that loans up to 75 percent of exploration. So KEFI would be on the hook for only 35 percent of that 25 percent with our Saudi partner Artar fo

TULU KAPI gold mine formally received the green light from the Ethiopian Government (EG) in November 2019. There are to be no more permits, environment, security, economic or social considerations. The DFS has long been completed and the mine will open. We await final financial closure in days if not hours. All documents are sitting with the Board with terms sheets already agreed awaiting approval of all final terms. With a well established consortium that includes two of the mightiest African banks. The EG are currently constructing critical transport and security infrastructure directly attributed to this mine. This includes roads, and an airport. A 130 GW electrical connection to the huge multinational hydro-dam is nearing completion - courtesy of the EG. The TULU KAPI mine - on its own - when in production will be the single largest net export revenue generator in the fastest growing country in Africa. It's no wonder the Nobel Peace winning EG Prime Minister is directly involved and has had his hands all over this project. And nor is it a surprise that the military will be securing this very prized asset. The current declared TULU KAPI NPV is at bare minimum 10x multiple of our current market capitalisation. This stock is grossly undervalued even when solely based on this single JORC Certified Gold asset and the TULU KAPI NPV. And that 10x current valuation doesn't take into account all the other KEFI assets. It doesn't take into account the phenomenal Saudi Assets which is what initially attracted most long term investors who are still here. Nor does it include the equivalent gold mining opportunity directly below the TULU KAPI mine with an additional 1 million oz of gold. Nor the surrounding 1000km TULU KAPI catchment area where KEFI have first pegging rights. And we all know well where there is gold there is more gold. KEFI have painfully earned this first movers advantage and the associated additional, expansive pegging rights.When we look at subsequent Ethiopian mining phases there will be enormous cost efficiencies and increased profit margins due to the - in place - critical transport, military, mine and human resource infrastructure. These assets will all within trucking distance. Regarding humans, I have never seen a social contract so boot strapped. This has included a comprehensive and detailed family by family relocation compensation assessment. KEFI have gone well beyond the government declared remuneration requirement with what equates to life changing money to said community. The kit houses have been ordered and that shows huge confidence that the project will go forward. There is a clear intent to employee Ethiopians and as such the Australian Mining Council, headed by our CEO has been set up to educate and train locals.So this is definitely not some dodgy, early stage, fly by night, pie in the sky, banana republic, exploitative mine with speculative AIM promises. It is rather a superb pre-production mining find, best explore

2.1p paid...

had a small top up this morning - the downside of any delay is so much smaller than the upside of a funding result.....

posted on the other board - make of it what you will...
A few investors spoke to some of kefi directors yesterday evening. Everyone is currently there in Ethiopia and the directors seemed very upbeat and excited. It appears the funding has been done and dusted and announcement will be made very soon. The CEO has arranged 2 interviews for next week. I think chaps we could get news first thing Monday morning, if not i will come before Friday. We could open 4p plus

"mining did extremely well..very significant increase in mining gold..."

http://www.tadias.com/03/25/2021/cnbc-africa-ethiopias-economy-grew-by-6-despite-covid-19-shocks/

interesting comment from Estseon;

The last time that I heard HAA on a webinar, I got the distinct impression that he did not expect local participation. The Ethiopian banks have a bit of a liquidity crisis. They tied up their capital in plush offices, are not too good on credit control, lend long and cannot maintain depositors' confidence - and you may recall what happened to Northern Rock. So, the locals may not be able to get the necessary cash together. The appointed senior debt banks are not reliant on retail depositors in Ethiopia. I believe that they are government backed development banks. In the last presentation, there is a clear statement that the necessary company general meetins and equity issuance will occur in April. There is TKGM (the project company); Kefi Marketing, which is a special purpose company that will take the (minimum) $30m subordinated debt facility from the 'mining financier'; and Kefi Ethiopia, which might be KME renamed, that holds Kefi's interest in TKGM - KE will issue equity the local that has been signed up (a sub of an internal group I think) and that issue of about 6.7% minimum will dilute Kefi's interest in TKGM. So KE and TKGM will issue shares and KM will take subordniated debt with all of the cash going directly or indirectly into TKGM (though the government's $20m into TKGM is 'in kind' - off-site infrastructure. The senior debt may not be drawn down immediately - there's no point in paying interest on the money until it is needed and that will not be until later in the year according to what they have said previously. Also, I was under the impression that part, at least, of the mining financier's funding was to finance stockpiling of ore in advance of commissioning of the mine, so that cash will not be needed until about Q2 2022.

This ain't no binary investment - a binary investment is a small oil company with one drill. This is a mining company which has proved up substantial assets - the worst that can happen is a further delay - but the assets aren't going away.
And it's not going up or down at the moment - it's holding steady while we await news of funding.

This is great - after filtering all the "I'm heavily invested here that's why I'm discouraging anyone from investing " idiots all I see is green lines on the BB.....

really don't have to put up with this rubbish....

...filtered

bid/ask 1.1p/2.16p

now 2.14/2.18

suspect a few bitter posters misread the rns this morning.....

..has the right to buy at 2.55p in the future. We had the right to buy at 2p this morning. I won't begrudge this man a penny if he makes me rich. And I think he will......

2p trades being hoovered up......