Judgement scheduled for Monday. |
They went down to 15% to scrub historic debt. With recent funding if needed they can hold their round of 15% for a few months (even if it's spending $2 m a month guessing kefi could manage 15% of that through til summer |
"The Sukari mine is Egypt's first modern gold mine.
Egypt was known in the ancient world as being a source of gold, and one of the earliest available maps shows a gold mine at this location." you have gold prospects across the Arabian Nubian shield dating back to ancient times 1989 is like yesterday. |
Assy was from 1989. If so rich why not mined already?
More words/deals, no action. |
I know this doesn't apply to life-style companies like KEFI but FYI |
They are the definition of a forced seller, 100% so. They have no means of honouring the contract and are now in breach of the agreed terms (>15%). The saleable value of the asset (such as it is) drops daily, as every single avatar on here knows full well. |
The value is increasing. Post the dilution to 15% and funding they are not forced sellers. Can't see theyd need to stump up more than £500k in next 6 m and after that it should be all very controllable. Artur will know that they would probably take a decent offer now but will go up over time rapidly. Still think $50 m fanciful. |
I know what you mean but would have been even worse if kefi sold then G & M got the new area.
Who ever buys Kefi stake is going to get a bargain "the inclusion of a preliminary valuation of KEFI’s 15% beneficial interest in GMCO by assigning US$80/oz of gold equivalent resources." gold now back over 2700.
Froms Artars perspective they are going to want an early house sale as they want to get a new set of builders in and convert it into a palace. |
Neiling totally agree with your post, perhaps I'm just clinging on. |
It's certainly not bad news but from my perspective as a long term investor who came to Kefi for Saudi Arabia it's like rubbing my nose in it. I would never have invested for Ethiopia.With regard to it adding value to our 15% it is impossible to say since we never had a starting point.I have seen some ridiculous valuations quoted without anyone accounting for the reasons we are selling, we are being forced to sell because we have no money.Try selling your house for the top vvaluation when the entire world knows you have to sell or your share sinks to nothing.We need updates on TK but it just keeps sliding.What happened to oven ready, first cab off the rank and I think it's unstoppable was first mentioned about 3 years ago.We are very lucky indeed that gold is going on a massive re-rate.Still haven't sold a single share since 2011, I must be mad but I don't trade. |
Surely this is good news, the boys already in the data room will be adding more value to the project for sale, makes it more juicy 🍊 |
I don't think I've ever seen an AIM company like KEFI release so many RNS's year in year out but never ever actually do anything other than dilute to oblivion. All these license awards tell me that TK is dead in the water and Harry will have something he can concentrate on (not mining) for future mug PI's to invest in. |
Fantastic news.It's like winning the Euro lottery for millions then finding your not in the works syndicate anymore because you didn't pay last weeks entry fee.What news could be better.It's called rubbing the salt into the wounds and don't tell me it will lead to a bigger SA payout. We are forced sellers the worst position to be in when selling anything. |
 Hawiah and the Al Godeyer VMS deposits already contain Mineral Resources equivalent to 2.5 million gold-equivalent ounces.
Hawiah already ranks in the largest 10% of VMS deposits globally and the extension into Umm Al Hijlan is expected to further elevate its rank.
"KEFI is continuing to progress the strategic review of its GMCO holding, which we are targeting to be resolved in tandem with the launch of Tulu Kapi. KEFI has made it clear that the priority for its capital is to now optimise shareholder value via majority-owned projects."
will put up the ceos presentation again when it pops up. Pretty clear that kefi are batting their eyebrows at Ivanhoe who have looked at some of Kefis areas.
Ivanhoe would be a good replacement for kefi as already on the ground and good Tech from their perspective Hawiah is big prospect today RNS just adds to that and Gold and minerals have a large exploration portfolio. I would not be surprised to find out later that they were already sniffing around before kefi decided to exit Saudi. |
Hawiah and the Al Godeyer VMS deposits already contain Mineral Resources equivalent to 2.5 million gold-equivalent ounces.
Hawiah already ranks in the largest 10% of VMS deposits globally and the extension into Umm Al Hijlan is expected to further elevate its rank.
"KEFI is continuing to progress the strategic review of its GMCO holding, which we are targeting to be resolved in tandem with the launch of Tulu Kapi. KEFI has made it clear that the priority for its capital is to now optimise shareholder value via majority-owned projects." |
GMCO has long identified this EL as a key target, given its proven extension of the southern strike continuation of the main Hawiah volcanic massive sulphide ("VMS") system.
The Umm Hijlan EL consolidates a 210km2 strategic licence area for GMCO and offers the prospect of adding significant additional oxide and sulphide resources to the advanced Hawiah Copper-Gold-Zinc-Silver Project.
"The Umm Hijlan EL provides the opportunity to quickly add nearby Mineral Resources to the Hawiah Copper-Gold-Zinc-Silver Project which is at the Definitive Feasibility Study stage. The EL potentially increases the strike length of the already- "JORC'd" mineralised structure from c. 5kms to 9kms. Being a continuation of the same VMS system, these potential resources are likely to turbocharge the economics of the Hawiah Project.
"Umm Al Hijlan also presents the opportunity to explore large nearby mineralised intrusions, which feature a distinct style of later-stage, gold-rich mineralisation.
"The expanded Hawiah Project is now a very strategic holding in the tightly held Wadi Bidah Mineral District, with recent extensive pegging by the Ivanhoe Electric/Maaden Joint Venture. |
(ESX)
The UK Government's Critical Minerals Strategy is due to be launched in 2025 and will focus on boosting international collaboration, with key partners to bolster national supply chains and security, while delivering new jobs and economic growth.
Jones is predicted to say, 'Critical minerals are increasingly vital to our economy, (Hopefully better than the UK AI launch the other day when they had problems with the Wifi)
bits being streamed from website. |
(saudi mining)
(Ethiopia general)
(Saudi/Africain mining) |
In Edward Levey KC we trust. |
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