Member Info for Xhita

Qnard indeed and the good side of a frontier explorer is if you are quick you can grab multiple opportunities before the region opens up. That's exactly Harrys plan. Identify, get the pegs in quickly, then explore at leisure.

The bad side is the skills and support industry are lacking. This 27 month build is 10 months longer than it would be in a prolific and secure gold region because of the lack of accessible skilled support and the need for substantial security, like a small army.

KEFI are home on this now. Fully funded plus a very large extra safety measure which now looks like a very wise move. In the next 12 months they could go over $5m just on diesel butn. That's now not an issue or a reason to worry.

They are very focused on delivery but in reality most functions are out of their hands now.

Risks are security, ore performance and mill/process performance.

In 2 years time the factory will be dialled in and production will be commercial.

The questions are. Will KEFI still own it, what will the gold price be and what will the share price be.

At $4500 oz I think with a 40% discount for region risk it'll be 7 to 8p.

I will be amazed if it $4500 as America heads into economic apocalypse

Confirmed that a photo gallery will in due course be uploaded and regularly be updated showing the progress of construction. Indeed Harry said recently that peoples lust for photos will be fully met.

The housing project is hands off by Kefi and dealt with by Dashen.

There will be no mine site (hole) preparation because there's zero overburden to strip just a layer of soil then into process material.

The construction for the factory is about to start and that's footings and pad ready for Lycopodium arrival.

The airstrip is being cleared and prepared for a bush runway. The highway and electric connection is ongoing. These are government functions and in lieu of their commitment.

I will have a weekend of catch up on all the videos and presentations to get up to speed.

It seems to o me this is happening

There aren't any free high resolution options. They are subscription only.

Google maps is updated well behind time because they charge for anything useful

There are several commercial options.

Today much was obsured by cloud and shadow

Everything on my watch board is red.

Trumps failure is there for all to see.

Casino, America, Arab nations now the world.

How one persons stupidity can destroy everything he touches.

Phase one was started last year and is all but complete now. The compensation is an ongoing process but all the agreements are complete. The land required now is vacated. The housing site is under construction and is not connected to the mine construction in any way.

The precinct with medical room and community services is being built.

These are maybe 10km from the mine site.

The resettlement has been run under the highest standards and the houses are built by Dashen who are a leading Ethiopian builder.

9° 4' 55"N, 35° 33' 6"E.

Several people have asked for the exact location. Enter on Google maps and you'll see the picture of how it was

May-26 08:38:11 1.235 3,152,274 Sell* 38.93k

This seller will be gutted. Crazy to be spoofed into these events. A few million sells and an avalanche to buy into.

I leave a trailing buy at 1.252 to pick up these events and it triggered fortunately.

On the photo gallery of construction progress I suspect we'll see it in due course. Bulk earthworks don't make great pictures so probably not much to report.

Dashen are in phase 1 of the house building now. That seems to be in the timeline

I guess we just saw a manipulation event to trigger stops. No live quotes on buys for around 10 minutes just on exchange orders being filled.

I can see the trigger 4 million sell but trades landed all at once.

I guess that some seeks to buy and is creating the gap.

I didn't expect my trailing buy order to fill. Rocky market and a sea of red

However that's totally irrelevant to any new works which are clear to see. The company he as a different view and they will restart quarterly updates and progress updates on construction. They are obligated to give shareholders material information and they will do that.

Pictures of earthmoving and the erection of pylons isn't any risk to security. These things can quite plainly be seen

The timeline is quite clear, I don't know what fast progress means. They just need to keep the timeline.

Updating shareholders is a thing. I thought it was done well at Proyecto Rio Tinto but people still moaned.

In these days of real time satellite availablity for just a few euro it's pointless not to keep shareholders updated because it's clear to see how it goes

As far as I can see Abiy is expected to win the election in a couple of weeks. There's not really any credible opposition that has influence beyond regional actors.

The probability is 95%. This is good news for KEFI.

Ethiopia still has access to the red sea as a national priority. Obviously this situation has been ongoing for years. There's an option for it in the peace process.

KEFI imported requirements come through Djibouti port not Eritrea.

With the UAE currently dealing with their own issues that are substantial it's not like to be an ally or antagonist.

Ultimately this situation has been bubbling for years and will continue to o do so for many more years in my opinion. It's a problem that's very well known

Thanks deedee yes it's very interesting. Gold may well become steroid boosted in $. I wonder what that will equate to in € & £. The US is absolutely teetering on the brink, Trump has accelerated the end of the dollar and US global advantage. He has destroyed some of the richest global economies in the middle east and he has guaranteed a global recession and high inflation.

I think $6000 to $8000 oz is very possible on commissioning TK but some of that will be in the exchange rate.

Clearly at $5000 the daily profit on 450 oz a day is well over £1m a day 7 days a week. At that rate TK is one of the top rapid payback mines globally.

Will TK really get to production owned by Kefi. I doubt it. What will it take to buy it in construction.

It's interesting that the most likely place to find a gold mine is next to a gold mine. Yes that was my thought. Similar ground and visually similar geology. This belt extends East and West but looking West is where they'll go.

I thought that award was options at 2p. Certainly they won't be exercised if the project fails.

There's no requirement to update anything more than that unless of course something changed.

Disappointing end to the day but it's clear to see that there's some resilience here even if there's still more sells to come.

HTTps://www.investments.halifax.co.uk/research-centre/news-centre/article/?id=21975412&type=bsm

Documented in many places

Cjm the management of Kefi really do take a back seat now. This is why they are looking at more exploration now.

I have been following the story at KEFI and have seen the mess and missed targets. The current valuation is caused by the placing. It's firmly peg the price.

Assuming weak hands have now let go hopefully this will refloat.

I don't underestimate the past. Truly HA grasped failure from the hands of success.

He is low energy in my opinion and doesn't look well at all. However this is a super project now. HA will be gone soon and we'll see an African successor as HA alluded to.

Target the delays to date are irrelevant now. The money is raised and the management now take a back seat whilst the construction contractors implement the process

seriously if they are going to spend one and a half years going from test batches to commercial production then seriously it's completely ****ed up and something went seriously wrong. the term commercial production does mean tag rate on the individual components or maximum production rate. q4 27 they'll produce gold. h1 28 will produce gold at a profit. ramp up on a project that's not marginal makes profit even if they run the equipment at 50% rate. this is a very low cost plan and margins are massive at $4500. 2028 they could easily produce 60- 80000 oz even if the don't hit 24/7 run rate. this is where the project derisks as technical risk is overcome.

look at other projects you'll see how quickly this low tech process dials in

Target the resettlement is in 4 stages. They moved everyone who is required to move in stage one. They don't need the full site yet and for the houses not finished KEFI are funding rental accommodation.

The agreements are all in place backed by the government and in due course the houses will be complete and people moved Their are no artisanal workings at all which is extremely unusual.

Currently they have all access required and are bulk earthmoving the soil and overburden.

Next the site will be prepared for the footings for the mill and production plant.

It's probably best to relax and find a good subscribe satellite access