Kerr Mines Inc (KER)

[goldenpolarbear]

"...Gold prices likely to gain from North Korean nuclear test

Sarah Diaa, Staff Reporter

Dubai: Gold prices are expected to tick higher this week, analysts said, spurred by the latest North Korean missile test on Sunday, which is likely to send investors seeking safe havens.

This risk-averse sentiment is expected to carry over to international equity markets, though analysts do not expect more than a marginal decline for the week.

North Korea early on Sunday conducted its sixth and most powerful nuclear test, using an advanced hydrogen bomb. The detonation is the latest escalation of tensions between North Korea and other countries including the US and its Asian allies, after Pyongyang sent a missile over Japan last week.

Gold had already seen some gains lately, having managed to break over the $1,300 (Dh4,771) per ounce barrier in late August, giving it its best monthly performance since January.

“It’s going to provide a further boost for gold prices, and the risk-off trade would be the predominant theme coming on Monday morning for equity markets because this brings the focus back on geopolitics,” said Naeem Aslam, chief market analyst at ThinkMarkets UK.

He added, “We believe the target of $1,350 would be very much achievable when it comes to gold prices; we see gold prices moving higher from there onward, and it will build on the momentum gained from August.”
A break above $1,350 could then take gold prices to $1,370.

Trump reaction
Analysts said that one key factor that will impact investor sentiment would be the US’ and the UN’s response to the North Korean missile test.

In a series of tweets several hours after the test, US President Donald Trump described North Korea as a “rogue nation” and “a great threat”.

http://gulfnews.com/business/sectors/markets/gold-prices-likely-to-gain-from-north-korean-nuclear-test-1.2084597

"...Mr. Al Tamimi is a Saudi-based businessman with global investment activities. Previously, he was President and CEO of SaudConsult, the largest engineering firm in Saudi Arabia responsible for many large infrastructure and construction projects in the country.

He was also a 50% partner of Worley Parsons Arabia, which undertook major infrastructure projects in the oil & gas, energy and a mining project worth over $5 billion in Saudi Arabia.

http://kerrmines.com/corporate/Fahad/

Georgian Mining "...Major Shareholders
As of 20 July 2017 the Company is aware of the following who hold, directly or indirectly, voting rights representing 3% or more of the issued share capital of the Company to which voting rights are set out below.
Shareholder Number of ordinary shares %of issued capital
TB Amati UK 6,712,491 5.86
Fahad Al-Tamimi 6,149,075 5.37
Mr Leo N. S. Berezan 6,148,100 5.37
Edale Capital LLP 6,000,000 5.24
Shares not in public hands 7,600,151 shares, being 9.45% of the issued share capital.
The Company is not subject to the UK City Code on Takeovers and Mergers.
There are no restrictions on the transfer of securities.

http://georgianmining.com/investors/

"...Over the last 10 years, Fahad Al Tamimi has also been at the helm of companies such as Worley Parson Arabia Ltd and Petrocon Arabia Ltd. These companies have been hugely influential in Saudi-based engineering projects in recent years.He was Chairman of the Board at Worley Parsons when the company recorded a remarkable 4,500% growth, making it the fastest growing company in 2009.

Through the involvement of his companies, Al-Tamimi has held responsibility for the management of over 75% of the Saudi Aramco engineering projects. He is a partner at Al Haitam, Tamimi Trading & Contracting Co. Ltd (TIMCO) and Amarco hotel. Fahad Al-Tamimi owns Oceanic Trans Shipping.

http://www.fahadaltamimi.com/business/

IMPRESSIVE
"...Fahad Al Tamimi, generously donated £25,000 to an entrepreneurial charity supported by Prince Charles.

Fahad Al Tamimi’s donation came at a critical stage for The Prince’s Initiative for Mature Enterprise (PRIME) which supports out of work people over 50 years of age and encourages them to set up their own businesses as entrepreneurs.

Mr Al Tamimi was in attendance at the charity’s inaugural reception at St James’s Palace earlier this year where he learned of the charities work, met with His Royal Highness, and was inspired to donate the generous sum to further the cause.

Al Tamimi’s generous donation means he is now one of the charities most valuable benefactors and the funding comes at a crucial stage in their expansion as they look to build on the 600 enterprises they have sponsored in the last few years.

The ultimate ambition of the charity is to create 5,000 sustainable businesses over the next ten years which, thanks to Fahad and other philanthropists, is now one step nearer.

The Prince’s Initiative is supported entirely by voluntary contributions, which makes support from philanthropists like Fahad crucial to their work.
..."!
http://www.fahadaltamimiphilanthropy.com/prime/

Peter Damouni
Non-executive Director

Over 15 years’ of experience in investment banking and capital markets with expertise in the resource sector
• Director of TSX listed Kerr Mines Inc, & Silvergate Capital Partners

http://georgianmining.com/cms/wp-content/uploads/2017/03/170321-Georgian-Corp-Presentation-March-2017-UK.pdf