Bradda Head Lithium exceeds targets, secures US$3 million royalty and moves closer to production. Watch the video here.
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Including c4m and 3m deals.....
Robjm, i should also add that in my opinion Kefi would not have been able or indeed allowed to officially launch TK without the approval of ALL the involved parties and that includes the "second bank" , so what we should deduce from this situation is that things are very much on-track and that the recent changes in Ethiopia regarding allowing "offshore investing" is perhaps what that second bank was waiting for...not least because it would likely save them millions in future tax.These are all my own thoughts of course but it does all tie together with the news of te "offshore" and our timelines.So in terms of what we should expect to happen from here,i see really good and positive things about to start.
Robjm,an interesting and thoughtful post,especially your mention of Artar and Ivanhoe,i think even our chairman himself said recently he has many proposals on the table.My gut instinct based on the chairman,s recent comment about "building a business" though is that he will land an investor that will perhaps come aboard both the key assets,not just TK.I gave an example of a wealthy Saudi based investor that would have much synergy if the investment was in TK and then also into our Saudi portfolio of assets.That is the area of the world where there is a great appetite and also what seem limitless funds for our type of projects.For that reason i think Kefi will soon be transformed with a wealthy partner that wants to take part in the growth story of Kefi.For us shareholders i can see hefty dividends and a substancial re-rating of the shares in clear sight now.
We are very close to news now IMVHO
Hubstar Well company has a lot of cards to play now so looking at it from a JV partner perspective in Ethiopia you might wait a month to see things going smoothly with Early works then make some kind of play or at end of Early works.
A possible JV or farm in Saudi could happen any time though the chances will increase the more discoveries the company makes there and with resource increases. If Kefi hits the 100 million dollar market Cap (which is only slightly over a doubling of the present share price) could be a in play as a takeover target especially in Saudi. Might even have Artar step in to buy kefi out to avoid it being taken over at some stage assuming they do not want that to happen though they might be comfortable with some kind of tie up with Ivanhoe.
Robjm,those recent changes in Ethiopia i referred to have now made the country one of the most attractive destinations for investments.The timing could not be better for Kefi,it would not suprise me if we now attract some big names and very deep pockets into our key assets,and why not with so much near term returns on offer.
This will be in play bigtime soon IMO
No problem DVH.
Cheers Rob...
Q4: Milestones ahead?
A: We will report any material matters as they occur from week to week. KEFI will also issue monthly update RNS’s as regards Tulu Kapi Early Works, along with any other material developments in Ethiopia or Saudi, which include:
Ethiopian initiatives to add value to Tulu Kapi and KEFI’s in-country position;
We are evaluating a number of complementary projects and partnerships
Saudi JV resolution of preferred development strategy for:
Jibal Qutman Gold Project and Hawiah Copper Gold Project:
preferred Stage 1 development and indicative final stage development
updated Mineral Resource Estimate
Saudi JV resolution of preferred funding strategy for GMCO’s aggressive growth plans.
TK project 'launched' on 20 May, over 3 weeks ago, and we've heard nothing (apart from some dilution!). I hope HAA has a plan to keep shareholders informed of progress once the project funding is agreed and we begin major works.
Where is that update from Saudi.....
There could be plenty of newsflow coming shortly from Kefi,firstly the final drill results from Hawiah which up to date have been superb and ontrack to upgrade at least 90% of the >30 million tonne combined MRE to the Indicated Resource category.GMCO have indicated that the drill completed around the 1st of June,so these results could be released next week and are likely to confirm that Hawiah has potential to be either the 1st or 2nd best resource in Saudi.There is a total of 15 licences held by Kefi in the country,and the country is now attracting huge interest in the sector.
Some other recent significant developments that make the Ethiopian Tulu Kapi project( that has just launched )more compelling,was the Ethiopia Govt decision to allow offshore investing in the country.This means that foreign investment into the resources sector now has very attractive tax implications and easier transactions through the central banking system.Add to to this the very recent announcement that Saudi Arabia and Ethiopia have concluded a deal to co-operate in various sectors including the financial and natural resources sectors.This will mean that if a wealthy foreign investor wants to invest directly into a resources company operating in the country,that the tax regime and banking facilities are now in place to make it highly attractive.Tulu Kapi could attract a big Saudi investor for example and can now act swiftly and smoothly with that investment.This could also mean that the "second bank" that is due to shortly conduct the final financial sign off on the project could be encouraged to act faster.A highly exciting period for Kefi is now about to begin .
Think that is an updated slide on Google maps of TK with the land looking greener as no earth works are taking place.
Lots of trees will need taking out, can we sell the wood and make a bit of an income to cover costs?
Https://www.bnnbloomberg.ca/ipos-proving-to-be-june-s-blockbuster-attraction-in-saudi-arabia-1.2084796
Saudi Arabia has encouraged companies to go public to grow its exchange and attract investors. These listings are typically met with massive demand, regardless of their size. But smaller share sales seem to be doing particularly well.
Saudi Manpower drew orders worth 115 billion riyals ($30.6 billion), or 128 times more than the shares available to fund managers. Rasan, one of the first fintech firms to go public in Riyadh, fielded 108.6 billion riyals of demand for its 841 million riyal initial public offering, while water treatment firm Miahona’s listing was covered 170 times by investors.
“Most of the IPOs were small and well priced, thereby attracting investor interest,” said Faisal Hasan, chief investment officer at Al Mal Capital. “We will see more activity post Eid,” he said, referring to the period following next week’s exchange shutdown for a holiday.
https://www.fanabc.com/english/austrian-business-delegation-to-visit-ethiopia-in-october/ (Ethiopia mining)
https://kitco.com/news/article/2024-06-13/saudi-arabia-ends-petrodollar-agreement-what-it-means-usd-bitcoin-and-gold (Gold)
https://www.al-monitor.com/originals/2024/06/saudi-arabia-holds-investment-summit-brazil-plans-invest-15b
https://www.mining.com/ivanhoe-electric-refutes-maaden-share-sale-claims/ (Saudi mining)
https://www.bizcommunity.com/article/compcom-approves-rosond-holdings-deal-days-after-saudi-expansion-670261a# (Saudi mining)
https://www.zawya.com/en/world/africa/zambia-to-set-up-mineral-investment-and-trading-unit-jc7012s8 (African mining)
https://www.spa.gov.sa/en/N2122049 (Saudi mining)
Robjm66 - cheers for the links in previous post earlier :-) we are very close to that update on Saudi now and i would say within a few trading days.Harry may just have some very good news for us IMO.
Shalmar,that is pure speculation about MIDAS,although i do agree we are the classic type of situation here at kefi now so close to transformation that they would perhaps highlight.
PS - I would not be suprised if Kefi issue that Saudi Update tomorrow or early next week and it should be very positive.
Just seen over at adv..fn an interesting post suggesting Kefi could be soon featured in the Sunday Midas feature.Is a well followed publication so will be good to get some decent PR.
Robjm66, yes they concluded the drills around the 2nd of June so i would expect around two weeks to get the results,we know from that GMCO post the other day that they appear bullish.My guess is these results are going to be far better than expected ( and the expectation was high ) . So in theory that update could land anytime from now ,however as i discussed the other day there is a chance that Kefi have been talking to some wealthy potential Saudi based investors who not only could come into our Saudi assets but also TK too.
They would see much value here and they could be part of the two new hottest mining areas in the world in a first mover advantage sense. It will happen IMVHO. TK alone could propel us to around 4p ,if we add in the Saudi assets there is much optimism that Kefi could soon be a mid tier miner offering decent dividends.Would the Saudi money men really not be interested?? i say standby for some exciting news on both fronts. If we announce the Saudi drill results alongside news of that new investor we will attract many many eyes !
Still one of the strongest buys in Junior Gold IMO
Thanks very much, Rob.
WWT Had a drilling campaign finished recently so would think the results of that should drop sometime buts its a bit variable as might depend on computer modelling core results from labs. Also would expect maybe monthly updates on TK either from launch date or around the start of each month then you have the wild card about possible JV in Saudi or Ethiopia which could drop at any random time. Also have exploration that could well make new discoveries at odd times.
Yes Rob. As an investor, can I ask you what you think the next material event will be?
Crazy when you compare Amak to kefi especially when obviously Hawiah development has stepped up a gear and the higher copper price and likely both it and Jibal Qutman are likely to be bigger operations than originally planned.
Https://www.kefi-goldandcopper.com/files/presentations/kefi-121-confernce-presentation-june24.pdf
https://www.mining-technology.com/news/ivanhoe-kamoa-kakula-phase-3/ (copper)
https://www.2merkato.com/news/alerts/7885-ethiopia-becomes-third-most-attractive-investment-destination-in-africa-eic (Ethiopia general)
https://www.ecofinagency.com/public-management/1206-45617-ethiopia-expects-8-4-growth-for-2014-25 (Ethiopia general)
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/3170-tsx/ie/162439-ivanhoe-electric-clarifies-certain-misleading-media-headlines-regarding-its-recent-registration-statement-filing.html (Saudi mining)
We're already a third of the way through the '60 days' following TK project launch for 'final' comitment of funds by all parties. In the meantime an update from Saudi would not go amiss...
I'd hazard a guess that there are hordes of sideliners just a waitin' on that final final final signing off on the full finance being conclusively sorted before jumping in. Anyway i'm going to bag me some more today. Ave of 0.645p so not too bothered about miniscule variations in price at this time. :o).
I di put a limit at 0.66p yesterday for a top up, and at one time while I was away I got it at 0.65p 297,200
Https://www.arabnews.com/node/2527636/business-economy suadi mining
MineHutte, an independent research and consultancy firm based in England, has stated that the Kingdom has also been ranked the second-best country globally for its licensing environment.
https://www.argaam.com/en/article/articledetail/id/1734253 saudi mining
https://www.saudigazette.com.sa/article/643476/SAUDI-ARABIA/World-Risk-Report-2023-recognizes-Saudi-Arabia-for-exceptional-mining-investment-environment
https://www.leaders-mena.com/mining-sector-accelerates-saudi-arabias-bold-economic-vision/
https://www.fanabc.com/english/finance-ministers-of-ethiopia-qatar-discuss-cooperation-and-investment-opportunities/ (Ethiopia investments)
https://www.bloomberg.com/news/newsletters/2024-06-10/copper-miners-gun-for-share-of-windfall-in-chile?srnd=homepage-canada
https://addisstandard.com/a-new-dawn-ethiopia-gears-up-for-economic-leap-with-first-ever-stock-exchange/