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. |
I note that Judge Parfitt has been sharpening his pencil today... |
Swanning about in the gutter. |
He has been pretty accurate with predicting the direction of travel of gold and walks people through why stuff is happening on the charts. Think Peter Schiff is better on the politics and economics side just cut out the bits about his bank and his wife singing carer.
Less sure about silver than I was as think we will have an economic downturn hitting its industrial use but you could get a flood of investment due to it being a poor mans gold. |
Exactly and his graphics show that from the 1.1.25 the only way out is to let the gold price increase taking silver with it.The only central bank short of gold is the Fed and probably the Bank of England I would guess. |
AuKing Mining Ltd (ASX:AKN) has entered into a binding term sheet with Resource Mining Corporation Ltd (ASX:RMI) granting RMI an option to purchase all of its interests in joint venture arrangements established in Saudi Arabia.
The option has been provided to RMI with the permission of AuKing’s local Saudi JV partner, Barg Alsaman Mining Co (BSMC).
Under the terms of the Saudi JV, AuKing has the right to earn a 70% joint venture interest by incurring project-related expenditure up to the stage of a feasibility study for the particular project.
An exploration licence was issued on November 11, 2024, for the Wadi Salamah tenement and steps are being taken to secure the Shaib Marqan licence.
(Only had the area since November and some rock chips but guess there is some interest in areas) |
Thanks, neiling.
I have often listened to Andrew Maguire talking about the Comex casino. He's hard work. I'll give his latest a try after I have brewed a strong coffee.
An ever-increasing proportion of gold is being locked up in central bank vaults (and partially so in jewellery) and an ever increasing quantity of silver is being locked up in electronics and photoelectric cells. Any significant increase in investor demand will cause supply issues because there is not much of either sitting idle waiting for someone to buy. Professional investors betting on the prices and producers & users of the metals hedging prices trade paper options and futures and the bullion banks can get into trouble if they do not balance future delivery contracts to buy and sell or have sufficient physical metal to meet delivery for net buys. I gather that the Fed acts to smooth out volatility in the net delivery exposures from settlement period to settlement period but it cannot hold back a prolonged net buy trend.
Best luck! Happy hunting! |
Est you should watch the latest Live from the Vault.I know he is difficult to follow but he explains in detail why Comex ie the Fed have run out of a profit potential on futures and their only way out is to let gold revalue in early 2025.He suggests to 3000 gold and 50 silver |
marnewton,
thanks for the chart analysis.
Gold seems to have struck new all-time highs in Euros and in Yen also so the USD breakout may have been suppressed by the appreciation of the USD against other currencies.
There has been suggestion that the longer-term bond yield increases might be a drag on gold but there is another view that those yield increases reflect nervousness of those holding currency debt.
Apart from my bloated investment in Kefi, I am 70:30% invested in silver:gold. Industrial demand should provide a floor for the former and central bank demand for the latter.
The markets may be holding their collective breath awaiting release of detail of Trump's policies. Because of general nervousness, any reaction could be accentuated.
On this side of the pond, the Reeves budget was and is a disaster and the economies south of the Channel are not looking much better. |
If he can get his dream across the line, a camel probably more appropriate? |
"it's a slow donkey ride to the glitter" got visions of Harry having a ticker tape parade while riding a donkey. |
rob, did you see it as a chance to top up at 6p?
The only deramper I've come across is Arry himself.
Get some spades to the ground then one may become interested.
So far, it's a slow donkey ride to the glitter. |
estseon,
GOLD/GBP broke out of an Ascending Triangle...
GOLD/USD may be in the process of breaking out of a Symmetrical Triangle.
Both bullish CONTINUATION patterns.
M |
I see it as a chance continue top up at a low price but could do with some derampers to talk the price down a smidgeon unfortunately the present crop are pretty ineffective. |
For most, price is an indicator surely? 31 v 228?
Gold can go as high as it likes.
In the ground, out of sound.
Saudi prospects? Current position reduced just to stay in, but I suspect harry is not
so switched on when dealing with Arabs!
From the ramp at 0.6p, where are you now? 19%+ down.
Keep the faith. |
(saudi mining)
gold live from the vault
Sentiment is a lot of people on the side lines watching to see what news drops between next week and the end of the month.
Ideally gold back over 2700, news on AFC, hints over sale of price of Saudi prospects and timeline of kefi/TKGM interacting with the new ESX. |
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