(Ethiopia mining) |
“In terms of the streaming agreement, Wheaton Precious will pay Allied $175m in four equal installments equal to 6.7% of payable gold from Kurmuk, reducing to 4.8% of gold once 220,000 oz has been delivered. Wheaton Precious will pay 15% of the spot price of gold. Allied also has the option of buying back the streaming deal.”
The way is now paved for the balance of Kurmuk’s $450m capital cost to be financed. Allied said previously it was planning a prepayment deal.
Allied raised C$221m ($157m) in an equity raise during October with Wheaton Precious buying C$20m ($14.25m) in stock.” |
 VANCOUVER, BC, Dec. 5, 2024 /CNW/ - Wheaton Precious Metals™ Corp. ("Wheaton" or the "Company") is pleased to announce that its wholly-owned subsidiary, Wheaton Precious Metals International Ltd. ("WPMI") has entered into a definitive Precious Metals Purchase Agreement (the "Gold Stream") with Allied Gold Corporation and its wholly owned subsidiary Allied Gold Services Inc. (together, "Allied"), in respect of the Kurmuk Project located in Ethiopia (the "Project" or "Kurmuk").
"Wheaton is pleased to announce a streaming agreement with Allied to advance the construction of the Kurmuk project, which is set to be the first commercial gold mine in Ethiopia," said Randy Smallwood, President and CEO of Wheaton Precious Metals. "This fully permitted, high quality development project offers significant exploration potential, supported by a team at Allied with a proven operating track record. We are excited to partner with Allied to unlock opportunities that empower the local communities and help drive the growth of Ethiopia's emerging metals and mining sector…"
Maybe kefi should also be looking at deals like this in addition to listing? Anyway a big vote of confidence in in Ethiopia and its mining sector. |
(Ethiopia general)
(Ethiopian and African banking)
Following the implementation of the comprehensive macroeconomic reforms of the country, the spokesperson said that various foreign companies have visited Ethiopia, showing keen interest to invest in the country.
Over 20 foreign companies drawn from various countries have visited Ethiopia over the last two weeks alone to explore investment opportunities in the country, he added.
The companies expressed their interest for investment particularly in agriculture, manufacturing, ICT, tourism and mining sectors, he stated; underscoring that concerted efforts are underway to create enabling environment for investors. |
Well do not subscribe to TW but anything is an improvement on kefis marketing and PR if kefi PR and marketing were better i suspect they would have had an easier time of it over the years and maybe done joint venture and been more successful with its deal making.
Jaylett you have to rotate the street view then you can watch them having the turkey sandwiches on the second. |
Dan, put yer pension in here! |
"The General Meeting will be held at on 2 January 2025 at 12:00 p.m. (AEDT) at 49 Pennant Avenue, Denistone East 2112, NSW, Australia."
Based on Streetview, that appears to be in some bushes. Is Harry doing a bit of artisanal prospecting or just peeping through someone's windows?
We laugh at frontier markets but AIM really is the pits. Pulling down shareholder's strides and then holding your AGM next door to Crocodile Dundee's gaff. Hilarious.
"That's not a placing; *that's* a placing." |
I'm not sure that any outfit will allow a short, at least cannot find one?
My opinion re TW is on goats fred, sure you can read.
If the likes of chopper harris1 wishes to be conned, sobeit.
Lovers and duffers unite.
Dud btw |
robjm66, your ref to TW and his continual spin.
Remember he spun this to high heaven at 6p! Jump in, I am!
Caught out by Harry with the fund raise, spun at 5.5P.
Spun that yarn also.
Now knocking morons for slating harry, beggars believe?
Whose the moron Tim?
Rather bad advice, time for Tim to retire? |
Dude?
Do you have to be 18 to use this website? |
Dude, I am not sure anyone would disparage a share they own? |
No, not by looking at forums like this, I would ignore these forums and talk to the major shareholders and HA. It would be a done deal long before bulletin board holders had any say. It happens all the time. |
Yes, my (bad) choice. But you were implying that I haven’t got any shares and therefore a deramper/shorter. The last refuge of the KEFI rose-tinted diehards when faced with a bit of realism. |
Except I proved a previous 43k profit!Yes, down right now but it won't last long, don't blame others for your bad choices? |
Hehe, if only you had some actual shares to sell!? |
Not your posts specially of course.
But if I was looking to make an offer I (or one of my minions) would certainly try to find out what the shareholders thought and how that might affect my offer price.
Wouldn't you? |
If there are any potential bidders for this company reading this forum….,…;..I will bite your hand off for an offer of 1.25p a share. Will even accept a penny.
Waiting and hoping in anticipation!!!
Cheers. |
Goatherd,
Are you really suggesting potential purchasers are avidly checking out my posts to set their offer price ? Comedy gold! |
#6924 re #6925
Hands up, seems I was wrong - there is. |
gisjob2,
Thanks for pointing out the "10" thing, I have altered it to "10p".
No. I am perfectly serious. It is a grave error to undervalue one's assets.
And it is very stupid, IMHO, to boast how low a price your would accept. It simply gives information to potential buyers.
For example: If you are showing a potential buyer around your house, would you say "Well, we are asking £500k, but we would take £375k"?
Wouldn't "Well, we are asking £500k today, but demand is so keen we are thinking of lifting it to £540k early next week" be more effective? |
One can only assume that this ‘goatherd̵7; avatar is a parody account. There is not enough stupid in the world for it to be anything else. |
10, do you mean 10p? You're surely having a laugh ! |
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