The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Plenty to suggest different. The trading pattern being the most obvious thing.
Nothing to suggest anything different at this juncture. Praying that this Credit Finance is concluded by the end of October and not dragging into November due to no 'real' clarity given on this as it is down to the Banks etc.
No the I word has been banned now using my favourite phrase "first cab off the rank" joking apart have several cabs now "Having a visit to our Segele mine site with representatives from the Ministry of Mines, Gambella region and Dima woreda. There is strong support for our project." https://www.facebook.com/akobominerals Plus Allied gold
https://www.ft.com/content/92950b78-1044-4be5-8c90-853cbedf5d31 "including investing $500mn in the Kurmuk project in Ethiopia." With Kefi think people just holding fire as they have been burnt before but if yo look at theming sector in Ethiopia it is a whole new ball game and Saudi is the place to be.
"we should hopefully get more news next week."
Rob,
Is that "Imminent!"
You are sounding more like Harry now lol.
Had a project update only ten days ago..
https://www.kefi-goldandcopper.com/files/announcements/kefi-tk-project-update-12sep23.pdf
Ethiopian Capital Controls: the National Bank of Ethiopia ("NBE", the Ethiopian Central Bank) proclaimed and published a new NBE Directive(This was one of the final action points remaining to enable completion of the Tulu Kapi Project financing package;)
Other Ethiopian Government confirmations have been received. Formal approval of the updated Environmental and Social Impact Assessment has been received,
together with the requested updated completion schedules by the electricity and roads authorities for offsite infrastructure.
Only documentation and administrative matters remain
---
That’s after comprehensive Quarterly update and several webinars including one where the mining minster said nice things about kefi the African banks flew into to Addis to thrash things out successfully and the mining minster flew out to Australia to see the contractor members of the consortium. Other news is another mining company planning to put 500 million dollars into an Ethiopian mining project.
If anyone is bored by the lack of activity we should hopefully get more news next week.
Have people given up on this!?!
We should be firing on all cylinders.
Under 0.70 when we are around a month away from major news.
Perhaps all the recent publicity has fallen on deaf ears.
Would have expected some form of update with the remainder of the tick offs? Or, perhaps they still have happened yet?
Will it?
Well the last update was the Ethiopian central bank removing what should be the last obstacles to doing business it was reported widely n the Ethiopian press as well as by Harry. Think people will get more excited about Saudi after a upgrade in resources at JQ what would be perfect is sign off of some credit and board approvals followed by news on JQ next week.
Skipped through the document. Good to see the digger out, don't remember that pic with them down 12ft . Hope they pulled a nugget or two out just so Harry has something to show his family back home.
TK 3D graphic on TK looks real. No key to explain the colours but perhaps just plopped in as they are difficult to represent in a 2D context. So Christmas could be a Santa rally for Kefi. I can't be bothered to go through Saudi. If TK isn't real can't see why anyone would trust Saudi to come good.
Secret. I share your frustration...so do many others I suspect.
It is probably H's way of reassuring us.
At the end of the day it is all "words"
The best reassurance we can have is as you say updates. RNS's with confirmation that X, Y and Z have been done would also help.
This will also help the sp!
6 0's
I too have listened to to that presentation. Nothing really new, but it was never going to be, as it was a presentation of the company and the reasons why investment should be made into both Ethiopia and Saudi Arabia.
The frustrating part for me, time and time again, on each of these presntations/Forums and Webinars he says that Credit Finance WILL be done and still no further UPDATES?
Sorry for the rant.
I have just listened to that Forum.
Good presentation, but lacked the 'Showmanship' I feel that the Americans seem to like...but Harry is Harry. All in all he got over the importance of Kefi in SA and what large investments are being in made in mining and the potential that is there.
It was good to hear that he is still very optimistic with TK with credit finance being completed as he said that we will be carrying out Mine construction around Christmas time.
Let us hope it will be a cracker!!
Https://www.marketscreener.com/quote/stock/ALLIED-GOLD-CORPORATION-159090926/news/Allied-Gold-s-Jane-Sadowsky-Named-to-List-of-Influential-Leaders-44889543/ (Ethiopia mining)
https://regtechafrica.com/ethiopias-central-bank-provides-long-awaited-assurance-of-currency-convertibility/ (Ethiopia mining)
Trouble is people lumping different things together the key is board and credit approvals expected this month its there in the presentation slide 17
https://www.kefi-goldandcopper.com/files/presentations/kefi-gold-forum-americas-pres-20sep23.pdf funds will be used only when required in tranches over the construction phase. Everything flows from board and credit approvals as then the whole syndicate is happy for things to proceed everything else is the usual process around constructing a mine.
Well in simplicity, he is saying draw down in Q4 !!! Which is not Q3 !! Therefore inthe simplest of terms could be OCT ,NOV,DEC. 2023 this indeed is Harry talk at his most ambiguous ,do we need a drink 🥂🥂🥂🍷🍷🍷or indeed a little 🙏🙏🙏🙏🙏🙏 or a miracle !!! Or am I misunderstanding his comments .for gods sake help us .
Key thing today is we are 10 days from end of Q3 and Harry in presentation says bank credit approvals and definitive agreements to be signed so that in Q4 we can draw down equity and get cracking. Harry could have slipped some of this into Q4 but he has not. Therefore we have assume signing has all been agreed for end of month which is largely what we have been led to believe. Key is this is happening and the biggest value creating event in Kefi history will happen on credit approvals and definitive signings, easily $100m for starters. Hopefully we are now in the final stretch although share price seems to think otherwise.
Harry has more chance of knowing the exact amount of skittles in one bag...than giving us a date on completion...he's already put in writing construction starts in dry season next year ...take which end of year
Apology accepted.
We all knew that it was going to be all up and running in Q4, but not exactly when, so at least we know it will be Christmas if still all goes to plan.
Well sorry if I jumped down your throat but not helpful pulling one comment out of the Webinar with no context ten minutes before market close. The context is things remain on track if you did not see the webinar and were just waiting for the comments you would have thought things had been pushed back several months.
Start
htTps://www.kefi-goldandcopper.com/files/presentations/kefi-gold-forum-americas-pres-20sep23.pdf
Harry first visit to this conference introduces himself and his history..formed three companies..gold council..
Talking about Arabian Nubian shield..how do yo unlock the potential… over night success after 15 years..here we are largest exploration team team in Saudi …game on..prospects will double large pipeline..
Two discoveries in Saudi walk up drill targets worth the wait two major discoveries. Everyone wants to talk about Saudi Arabia granted 14 licenses last 18 months…Hawiah growing.. feasibility study..JQ building its ounces before we launch a string of resources at JQ site looking to trigger JQ first
Ethiopia shovel ready project going through finance closing procedures can now go to final credit and board approvals recent break through with the central bank.
The crowd has arrived…allied gold largest IPO in a decade and for a Ethiopian project Will be on everyone's lips…history lesson on Ethiopia…kept syndicate together.
Bottom line is we are ready to go.
Saudi third pillar of Economy..driven government o make it happen like Ethiopia to make this sector boom. Allied gold IPO last week comparison on slide.Kefi done all the hard yards nearly a billion dollars between the two companies put forward for Ethiopia.
Amak comparison slide Amak 1.4 billoi for resources about the third of the size of Kefi capital sector really want to get into Saudi capital in KSA will not be a problem for us.
Money will be raised at subsidiary level in Saudi .Valuation compare to other companies slide. Board slide.
Corporate snapshot slide Aim weak market however..the stars have aligned for us on the ground our funding are at the subsidiaries and we will grow in value we are only trading at 14 15 percent on project that will double in scale. Hard work of team about to be awarded about to be awarded with projects in both countries.
...
“game on”
“Ethiopia shovel ready project going through finance closing procedures can now going to final credit and board approvals recent break through with the central bank.”
“Bottom line is we are ready to go.”
“Hard work of team about to be awarded”
Put this together with the slide no 17 of presentation other webinars TW piece and Rnss still expect Board and credit approvals this month.
Robjm66 - That is is exactly why I said it!?!
They cannot be up and running without the funding first. I would have thought that would have become obvious?
Https://www.kefi-goldandcopper.com/files/presentations/kefi-gold-forum-americas-pres-20sep23.pdf slide 17 seriously engage brain FU2.
Up and running talking about the construction phase after board and Credit approvals and moving of villagers.
We should be up and running by Christmas 2023. Yes, you read it correctly, 2023. Lol.