Kefi Gold And Copper Share Discussion Threads

[robjm66] 26/3/2024 10:25

Questonis

Q.Saudi listing?
A.Come to the view they are not ready for a pre production company. Ethiopia asking us to dual list in Ethiopia.

Q.Would you consider to sell off TK to concentrate on Saudi. Not a priorty.

Q.Value of assets considering gold price? Coverd in presentation capped at a fraction of TK when we bring on the Saudi project plenty of upside.

[robjm66] 26/3/2024 10:19

Talks about Npv and how undervalued kefi it is ditto slide comparing kefi to other companies. TK Project econmics slide vible at 1200 but shows other values upto over 2000.

Slide expected milstones walks through milstones 90 precent trough as taken as a complete package. “Only when yo know bot banks approvals ae I you back pocket”open closing funds start ot get drawdon in correct sequence. Now in the bsuniess of closing an optomising been approched be intered parties now we are close.

Saudi two projects growing between those project they will dwarf TK financing done at subsidiary level. Reginal exploration lots of license areas the third parties wanting to engage and invest in our business.

[robjm66] 26/3/2024 10:11

Have put a rough transcript of whole webinar at post 5013 with most of the spelling mistakes corrected.

Start

Harry conducted general meeting motions passed..webinar taking questions after short presentation..

Presentation slide one companies now in the Arabian shield area industry now arriving by the plane load. Current Priorates slide government partner spending money now moved onto second bank approval. Approval from large organisations huge companies and government involved. All focused on closing and launching.

Saudi significant rate of expansion Kefi being encouraged by competitive pressure to expand more quickly. Pipleline of projects. Now the company in effect pulled together partnerships kefi dong things for the first time in a frontier market.

[shortarm] 26/3/2024 10:05

It is right there in green and yellow!

[you for coffee] 26/3/2024 09:53

Thanks Rob

[barry evans] 26/3/2024 09:49

No need rob, anyone can view it.

[robjm66] 26/3/2024 09:44

Webinar at ten as usual will try to post as very rough transcript as it happens then a repost minus most of the spelling mistakes later on.

[katsy] 26/3/2024 08:58

Let's compare two RNS from the same source

The steps now underway to progress Tulu Kapi funding package are:



· Finalisation of approvals by the rest of the financing syndicate following the recent approval by the lead bank;

· Preparation of the community for resettlement;

· Satisfaction of conditions precedent such as readiness of security, insurances, title confirmations, perfection of banks' security and similar formal documentary requirements; and

· Completion of detailed definitive documentation which will require all syndicate parties to approve counterparty rights and obligations, among other things.



After approval by all syndicate members, we can then proceed by mid-2024 to:



· Sign the Definitive Documentation between the respective syndicate counterparties;

· Place insurances and complete other administrative tasks;

· Draw down first capital, starting with project equity and then debt months later;

· Commence staged resettlement of approximately 350 households near Tulu Kapi; and

· Begin procurement and tendering local sub-contractors.

Compared this to the RNS dated 12th Sept.

-- Other Ethiopian Government confirmations have been received. Formal approval of the updated Environmental and Social Impact Assessment has been received, facilitated by the Ethiopian Ministry of Mines, together with the requested updated completion schedules by the electricity and roads authorities for offsite infrastructure. Only documentation and administrative matters remain;

Now obese Harry is telly porkies, then how can anybody trust your money with somebody who can't even be prosecuted.

[robjm66] 26/3/2024 08:19

At Jibal Qutman, initial drilling at the Asfingia prospect has intercepted near-surface gold such as 13m at 8g/t gold.
 
At Abu Salal, approximately 50km south of Hawiah, drilling has intercepted massive and semi-massive sulphide mineralisation containing copper, gold, zinc and silver in multiple horizons across a 2,600m strike length, with true widths of up to 11m.
 
Should get more news from JQ soon as well and plenty going on in Saudi.



Saudi Arabia also increased the activities of the Saudi Geological Survey. It recently awarded a $207 million contract to the Chinese Geological Survey as part of a bid to complete, by 2025, 50% of the survey of Saudi Arabia’s Arabian Shield — a more than 230,000 square mile area of Precambrian rocks in western Saudi Arabia.
The Gulf State has revised upwards estimates for its largely untapped mineral resources to $2.5 trillion, from a 2016 forecast of $1.3 trillion. This estimate is based on 30% of the Arabian Shields exploration, suggesting there is significant discovery upside potential. 

[robjm66] 26/3/2024 08:09

The Scandinavian-based Ethiopian gold exploration and mining company has today released an improved gold production mine plan for its first 12 months of mining operations in the Eastern and Western winzes (tunnels). The updated plan improves the current production schedule and will have a significant effect on the initial revenue and EBITDA from the Segele mine. Most of the improvements will come in the first part of production.

Akobo Minerals is a Scandinavian-based gold exploration and boutique mining company, currently holding an exploration license covering 182 km2 and a mining license covering 16 km2 in the Gambela region and Dima Woreda, Ethiopia. The company has established itself as the leading gold exploration company in Ethiopia through more than 13 years of on-the-ground activity, which has now been enhanced further with the development of its Segele mine.

Akobo Minerals’ Segele mine has an Inferred and Indicated Mineral Resource of 68,000 ounces,

[alhambra1] 26/3/2024 08:08

No - but why don't you?

🤤

[blue square] 26/3/2024 07:54

Condition precedent,for financing once
again made clear, conditions on the
ground I.E security in and around
mine site, access routes to and from
mine site.
HAA has set the bar would you be
prepared to send your family there for
a holiday

[barry evans] 26/3/2024 07:52

4987 see 4986

[robjm66] 26/3/2024 07:49

Its NPV is £304 million for KEFI's projected net beneficial interest, assuming a gold price of US$2,166/oz, being the spot as at 22 March 2024 and discounting at 5% of net estimated after tax cash flows for equity, the industry standard approach, so as to allow market comparisons of listed developers. At the long-term consensus gold price of US$1,864/oz, the NPV is £204 million. (notice how big a difference the gold price makes)

[jaylett] 26/3/2024 07:43

From watching the video, he finally seems to be admitting the massive risk, complexity and unpredictability of operating in a frontier market. It's a shame that it's about four years too late, but better late than never I suppose.

His statements today also make a total mockery of the infamous "it's happening, we're on" declaration from late 2022. That could not have been further from the truth.

[mlangton1] 26/3/2024 07:33

Saw the RNS and for one crazy monument thought it might contain the news Ace Adams promised to deliver 3 years ago next Sunday, telling us the financing was done and dusted. Stupid of me.

[alhambra1] 26/3/2024 07:23

Great RNS

😊

[robjm66] 25/3/2024 18:05

Looks like final cost might actually be lower.

[philby1] 25/3/2024 17:43

Sorry wrong video just posted. Try again!

[philby1] 25/3/2024 17:41

Proactive interview with Harry:

[goatherd] 25/3/2024 15:54

What is wrong with that statement?

It certainly appears to me that Kefi wants changes to the exchange control rules; and the exchange control rules are being changed.

Is your post just because you can post a pretty picture? (Highly apposite by the way; though totally misleading. As, of course, you wanted it to be.)

[tuna hunter] 25/3/2024 15:30

"Kefi appears to be getting Ethiopia to re-write its exchange control rules."

[robjm66] 25/3/2024 13:05

Probably helps that the Ethiopia is pushing for foreign investment to bump up the level of foreign exchange reserves.

[goatherd] 25/3/2024 13:03

Hats off to Harry then!