Kefi Gold And Copper Share Discussion Threads

[blue square] 01/4/2024 11:27

You wont be in for another £25k,
your just a ramping idiot.
How about this for a scenario.
Ethiopian goverment revoke Kefi's
licence through lack of progress.
Mali and other african states are
now taking a greater free carry, I
believe Mali's free carry will be
30% in future.

[pearl jam] 01/4/2024 10:01

Kefi Gold are a sitting duck for a T/O at moment and the likes of Allied will be licking their lips at what they could get from a buyout and the price to pay IMO

When markets open again tomorrow i think we will see the start of a move to reflect the real situation here now and the reality that a T/O could well be on the way!

I will be in for another £25k :-)

[theaviator] 30/3/2024 23:09

Thanks Rob. Hope you have a lovely one.

[robjm66] 30/3/2024 19:25

Another factor is Harry is not popular enough to head off any takeover if he was against one.

[robjm66] 30/3/2024 19:24

The boss of Allied gold wants to repeat what he did at Yamana gold and build the operation into a million ounces a year operation and he made that clear in a recent interview. Ivanhoe Electric could scale up their whole Geo side (which is why maaden JVed with them in the first place) and would be easy to combine the two operations.

The wild cards are if kefi got the areas that were over pegged in Ethiopia it would make them a much bigger attraction for Allied as they are thinking the bigger the better. In Saudi probably Artar would not want kefi taken over but cannot see how they could stop it unless they outbid any offer.

Realistically kefi prospects are worth a lot more if broken apart and a bidder could buy out kefi and sell on the pieces it does not want. The main protection in the past has been prospects being too small or mineral prices being to low but kefi are making more discoveries and the copper and gold prices keeps going up.

[xb6] 30/3/2024 17:37

There is some quite interesting chat about a pending takeover here over on L.S.E and to be honest i think there could be something behind it.These 2 posts caught my eye and worth a read. The timing for a bidder would be excellent IMO


Today - 11.52am

"NickE,i do not think their is much of an overhang left here, as with all AIM placings most was pre-sold anyway long before announced. All i am saying is the recent surge in gold prices will have focussed minds even further on available prized assets and we should standby for fireworks , the TK funding is somewhat of a side issue to a buyer because they would sort their own funding in a heartbeat . That is the risk that the current consortium are running by the delays and will serve them right if the assets are taken from right under their noses by a larger outfit. I am sure Harry will do very well out of it should this takeover happen and still be involved at the sharp end.

Consider this, if Newmont or Allied wanted to assemble some shovel ready assets in both Saudi and Ethiopia what would they need to pay and how long would it take them to do it and reach commerciality levels ? i suspect it would cost them more than 3 times value of Kefi market value and take them 5 years or more just to get all the licences ,drilling permissions,and permits etc let alone be anywhere near producing anything.....we know that both Saudi and Ethiopia are now being eyed by the worlds largest miners for some large investments into the sector in those countries...with a buyout of Kefi than can get right into the action for a fraction of the cost and on a timescale to beneft from the bullish foreseeable gold price.

It is game on here IMO "



Today - 10am

"NickE, in business there is no sentiment mate, it comes down to pure economics ,kefi has prized assets that others want which they would have difficulty and be far more expensive to source elsewhere - that is the bottom line . Harry,s role could be carried over into the new company should that be desired,but the big difference for him would be having the financial resources on tap to fully exploit these fantastic opportunities with that key first mover advantage. Do we think the likes of Newmont or Allied would be interested in taking over Kefi fully ? Of course they would because their other potential routes into both Saudi and Ethiopia would cost them a heck of alot more and take several more years even to get at the stage Kefi are at now.

For those reasons we are a PRIME target right now and we could be on the very cusp of some exciting new developments indeed IMVHO, the market will respond accordingly with the real possibilty of several baggers pending here."



VERY INTERESTING AND FOOD FOR THOUGHT ?

[robjm66] 30/3/2024 15:52

Happy Easter Aviator.

[robjm66] 30/3/2024 15:51

Happens post launch modular houses will be used which are extendable.

Question 20 of the last kefi webinar covers it somewhat (on Q&A tab)



This has a slide for how the mine will be set out including roads and electricity supply plus the pictures of the school and churches.

[theaviator] 30/3/2024 12:29

Happy Easter everybody! I was going to suggest rolling some eggs down the hill but Arry has been the pro at so far this year lol Here's to a better second quarter.ATB

[rainyrain] 30/3/2024 10:28

I noticed in a recent update that they are planning to resettle approximately 350 households from around the mine site.

Can anyone explain how this is going to work? Are they essentially building a new Barrett or Persimmon type housing estate?

What is the cost of 350 houses and what will the houses look like? What will they be made out of? What about sewage and water and electricity and roads?

Thanks in advance

[robjm66] 29/3/2024 08:52

(Video interview Ethiopia mining)

Allied wants to get bigger asked about mining M & A.

[1deedee] 28/3/2024 18:06

Gold is an all-time high, let's get funding over and done with come on Harry

[robjm66] 28/3/2024 16:06

Kind of Ham one Saudi licence is listed as kefi the other Gmco the joint venture name.

hxxps://goldprice.org/ looks like gold might hold over 2200.

[ham1] 28/3/2024 15:42

Re. 5046 and the site map.juniormininghub.com

They are reporting Kefi as 100% owner of Jibal Qutman.
Rob, this is the typo you are talking about?

[dudishes] 28/3/2024 12:46

Those early birds keep catching the worm 9 to 10, and then dropping it midday before reaching their nests?

[pearl jam] 28/3/2024 11:44

Kefi about to get perky by look of L2 :-) mega tight spread

[xb6] 28/3/2024 09:57

Interesting post just now over on L.S.E ref to Saudi - abit of good publicity and visibilty for us here could be brilliant at this point.


Today 09.45am

Saudi About to get huge coverage ?

" I understand that the Saudi Ministry of Industry and Mineral Resources are due to finalise and publish their new Sustainable Gold Mining laws in the next few days ( so over our easter break ) . This is likely to get a fair bit of coverage in the western media who will probably highlight that there are a number of the worlds biggest miners angling to get into the country to purchase and develop assets...just a thought but because KEFI are already in country and advancing key assets they might get a mention due to our first mover advantages....we could soon see the likes of Newmont for example start to make some big moves in asset purchases in Saudi and i wonder if they would see KEFI as good place to start with potential hook-ups and JV etc.

Game on here IMVHO "

[robjm66] 28/3/2024 08:51

Now includes the questions separate from the webinar.

[robjm66] 28/3/2024 08:36

(Saudi mining)



not sure if it a typo on the Saudi license areas or the reorganization of the license areas to make them more flexible that kefi was talking about.

[robjm66] 28/3/2024 08:04

“Central to the company’s growth strategy are a major expansion of its Sadiola mine in Mali and the development of an entirely new mine, Kurmuk, in Ethiopia.

ARTHUR TASSELL recently discussed the ambitious growth plan, which will elevate the company to senior status, with Allied Gold’s CEO, PETER MARRONE.

Also in the Allied Gold stable is Kurmuk, which consists of two properties, Dish Mountain and Ashashire, which were acquired in 2017 and 2018 respectively and are near neighbours. They jointly have a mineral reserve of 2.6 Moz (52.8 Mt at 1.53 g/t Au). Kurmuk is located in western Ethiopia, 750 km west northwest of the capital city, Addis Ababa. While Dibb and some members of his senior team are still closely involved with Allied Gold, going forward the management is largely in the hands of former principals of Canada’s Yamana Gold, led by Marrone, who founded Yamana in 2003 and continued as CEO till 2018. He built Yamana into a plus 1 Moz a year producer with assets in Canada and South and Central America.

Kurmuk
Although Sadiola will remain Allied Gold’s flagship for the foreseeable future, its other growth project – Kurmuk – is a very substantial development with a projected gold production of 240 koz per year over an initial 15-year mine life (and an average of nearly 275 koz per year in its first four years). Fully permitted and shovel ready, it is already in the early stages of execution with DRA as the appointed EPCM contractor. It will benefit from having access to relatively cheap hydropower and is expected to have an AISC of under US$950/oz. The first gold pour is anticipated in Q2-2026.

“We are definitely going to be the ‘poster child’ for Ethiopia’s emerging precious metals mining industry,” notes Marrone. “The government is prioritising the development of the mining sector and is giving us every support in developing Kurmuk, in which it has a 7% interest. We’re finding the country to be a very welcoming mining jurisdiction.”

Allied Gold was originally planning a 4.4 Mtpa operation at Kurmuk but this has now been upgraded to between 5.4 and 5.7 Mtpa. By capitalising on the deployment of existing equipment – including a SAG mill – owned by Allied Gold

According to Marrone, the total capital requirement for Kurmuk is US$500 million. Implementation, however, is being phased with expenditure through to the end of this year expected to total US$185 million. Early works underway include access roads, a construction camp and a water containment facility.
Building a mine in a relatively remote part of Ethiopia might seem a tall order for a mainly Canadian management team with little African experience but Marrone is unfazed by the challenge. “At Yamana we built a mine at the southern tip of Argentina in an area which ranks as one of the most remote and inhospitable environments in the world and we did it on time and on budget,” he says. ”