(Ethiopia general)
(AMAK)
(Centamin/Kefi)
(Saudi mining) |
Crossing the eyes is what it feels like. |
From Sharezy LSE thread
"He was, when I spoke with him 1:1 at the event, very confident of sign off.
When Tom asked him at the event, he said he hadn’t given a specific date, but it was expected “around now” and spoke about the bureaucracy they are dealing with that means he can only give his best guidance.
He shared he was due to be in Lagos last week meeting with them.
They are dotting the eyes and crossing the t’s, to the point that there are people currently putting together options for post-finance deals at subsidiary level which may or may not be required depending on local equity subscriptions. He spoke with the Nomad to check and was advised it was not RNS-able.
I subsequently feel more confident holding.
This is going to get exciting very soon imo." |
Iraq boosts gold reserves to over 145 tons
Data from the World Gold Council reveals that Iraq purchased a total of 51.9 tons of gold between 2022 and September of this year. It seems like everyone is scrambling to buy as much gold as possible Italy, United States, and most of Europe hold huge amounts of gold now and are still buying |
Let's hope we get RNS this week for 2nd bank sign off. I'm feeling very positive this time around . Fingers crossed we all get this news. |
Think you are on the verge of sea change in the attitude to mining juniors generally and TK full go ahead for Kefi would be transformational. It should be a case of when the data changes people change their mind. |
(Rick rule M@A Centamin mentioned)
(Saudi mining Royal Road Minerals) |
I wouldn't use the term "insurance policy". The insurance policy are the mug punters who get excited each time el Presidente speaks and who are perhaps not so savvy to the history book here. Saudi will likely be the only asset left to ramp with. I am sure you remember the interview over a year ago where he stated it would be a race between them? I did chuckle.The company is still not investible but possibly tradeable at given points. |
Continuing your snooker theme…….unfortunately our glorious leader has proven to be more of a Bill Werbenuik than a Ronnie O’Sullivan thus far. |
We only need a red to win, and game over,
Four 3 cushion snookers are needed for defeat,
lead bank approval, snookered
Project launch, snookered
Security issues, snookered
Gold price, snookered |
Updated field work at G & Mhttps://www.linkedin.com/posts/saleh-almadani_growing-the-experience-with-excellence-activity-7231225344899383296-NW4H?utm_source=share&utm_medium=member_android |
So the market doesn't believe the story,
or the company,
that it takes 10-15 yrs for a mine to commence, more in frontiers,
or recent rns's
presentations,
Project Launch
Lead bank approval,
Gov investment spend,
RNS second bank agreemant sign off Sept,
Nomads, Gov mine ministers,
New investment laws re capital control,
Gov desperate for gold reserves and a mining sector,
Economics
Gold price metrics,
Listings
Saudi Assets,
Great more for me |
Yeah Saudi the insurance policy maybe and could do with a confirmation of what the exact percentages are and will they go for the deeper pit early. |
Gold is flying again today. |
Oh yes absolutely agree with final point and if I am satisfied with all I would likely have a throw myself but.....The leader has left his mark of history here Rob and to state that the copy book has more blots than chicken pox would be an understatement.Until such times my stance remains dubious and VERY cautious...Interested to hear how exactly (I want fact) Kefi will truly fulfill their own financial obligations... Considerable & one won't even taste let alone see any orange when that dilution hits.. Remember he stated he would go to PIs (That is documented).On a positive note for balance. It does remain tradeable at certain levels...we have Saudi for that ;) |
They can crunch the numbers all they want,
If the project was viable at $1200, $1500, $1800, there's sweet Nothing to crunch,
And IF it was possible to launched mines in 12 weeks rather than 12 years, it would have got financed at $1200, $1500, $1800, |
Avaitor Think the second bank will crunch the numbers which is why Harry emphasized the quick return on investment due to the higher gold price, Ethiopian government will weigh up where it can make most dollar revenue and how it can encourage investment into Ethiopia.
What's a marginal project at say 1200 gold and 1100 costs becomes a cash cow at 2500 gold. |
Just checking in now 1 year and 1 day since Harry told the world that it is all done and dusted, just a bit of paper work for Kefi to do. See you all again soon, when the goalpost get moved again. |
All good thanks Rob, hope you are too.Unfortunately it just doesn't matter about the gold price (have always said it) until finance is done and even first smelt. If isn't about the belief in gold it is about the belief in the leader and his lack of performance historically.Gold would appear to be aligning for a pullback shortly from possible 2600/2650 to around the 2200+2300 area then up to 3k for final wave. The time lines are interesting.. |
Maybe he is like his namesake Harry Kane against Finland when gets enough support and chances eventually he will find the back of the net. |
"You do not have to be CEO of the year"But you maybe have to be a bit more effective than Harry. |
Well everyone just waiting now Avaitor for what happens next with the second bank those that are pretty certain it will happen already invested but probably a greater number just waiting see if Harry can pull it off. You do not have to be CEO of the year to get a gold mine project going with the gold price this high.
Think the Dow is vastly overvalued it would be due a correction even if you did not have all the other things going on in the background like the massive debt.
Hope you are well too. |
Mad of course but is what it is. Maybe Mr Benner was right after all... |
Rob, Central banks balance sheets (Fed, BoJ, ECB) have stopped contracting since July when measured in USD. Actually, the ECB and the Bank of Japan are the main culprits behind this new round of monetary debauchery. This is not to say that we will enjoying smooth sailing till the US elections but I have a hard time fathoming a crash when central banks are shifting gears toward a more expansive monetary policy. |
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