Kurmuk Gold Mine to begin plant commissioning by 2025..
..The government has been providing support, recognizing the mining sector’s importance for economic growth, job creation, and foreign exchange earnings. Brox, an Allied Gold shareholder, emphasized the long-term nature of mining projects and their transformative potential for the region.
Located in Benishangul-Gumuz State, Kurmuk Gold Mine is Ethiopia’s largest mining project and a major initiative in Eastern Africa. Currently, the project has created around 600 jobs and is set to employ over 1,700 people by the end of the fiscal year, showcasing its significant impact on job creation and economic development.
some big calls about the gold price at year end and end of first quarter next year. |
Barry, you are very nice!In fact you are a star!Well, more of a starfish!Yes, a chocolate starfish :-D |
Indeed,
I did spot them turn up a day or so ago and kindly pointed this out for avatars attention. |
They are pumping each other non stop on LSE. |
Thanks Monte. |
.65 bid for a second there! |
’. . I do not see any reason apart from bureaucratic inertia why is has not been signed off yet . . ‘
Hugely comforting to us holders. |
I will wager we will see some huge delayed buys later,the mm,s have been filling orders since the off today. |
6789 = realism?OK :-) |
No shorts or longs,only closing existing positions,when you see that on a smallcap it means market insiders expect a large upward price move. |
 Well the key is the is full sign off of Ethiopia membership of the AFC...
"KEFI is pleased to report that it has now also received initial approval from the second co-lending bank subject to, inter alia, the formal ratification of its Country Membership from the Ethiopian Government. The Country Membership has already been approved by the relevant Ministry and the relevant documentation for its ratification is already in place, therefore no administrative delays are anticipated.
Following the award of this Country Membership, already in place for our first co-lender, both banks are expected to proceed to full and final credit approval on the enlarged debt package as the residual few conditions are satisfied."
Some people are getting excited at the possibility that their might be some announcment either connected to a visit to TK or an African banking get together but it could just as easily come out of the blue or drop anytime with announcement at government level in Addis or AFC HQ.
As I do not see any reason apart from bureaucratic inertia why is has not been signed off yet or why the Ethiopian government would go this far pursuing membership then not want it should just be a matter of time. |
Oh dear, I note the Telegram boys have turned up on the other thread.
A trading opportunity/exit point for a few of you, if you can get the timing right, imo. |
Are they allowing shorts, or no trading at all in KEFI? |
I can see a close over 0.70p today with that RNS expected early next week,im adding more while i can :-) |
like a coiled spring... |
Rise on rumours!? |
(Ethiopia general)
(Ethiopia general)
(saudi mining) |
Two more spread betting companies have this morning closed the market on Kefi Gold trading and only allowing closing of positions.This is all the evidence you need that something major on the news front is expected by market insiders.
It is looking we are finally GAME ON ! |
Been so with Spreadex for 6months |
Expect an RNS guys,some huge buys going through delayed and very tight on L2 now too,something is about to happen and it feels big. |
Just noticed that IG index have closed market to new positions,that has to be significant surely,Never seen them close on Kefi before. |
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