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Sounds like the TPLF robbed and pillaged back to Tigray. All great news for Kefi and not a moment too soon. Kefi confirmed investors are still ready to proceed and just a shame i am sure we have some hoops to jump through. We should know more this month but i suspect the main course this month will be Hawiah update that we know is a potential monster asset but would be good to hear that TK could complete pre Jan 31st, although i am sure March is more likely. Key is security is on top of and that is a big relief.
https://twitter.com/et_spotlights rumours spreading that government has taken Bati Kombolcha and Dessie.
Haha SB, probably both lol I see you have 8 'recommends' for your post and Fever has 2 for his last 3 posts. Says it all really.....
As predicted this morning. All good. TPLF in dissaray
In a statement, the Prime Minister’s office said the army has captured, in the Woreillu Front, areas of Ajbar, Tenta and Dob, while Majete, Chereti, Iriqe, Woledi, Albuko, Kemisse towns and most of Qalu Woreda were “liberated from the terrorist TPLF group” from the Kemisse Front.
https://www.sudanspost.com/ethiopian-federal-forces-capture-7-new-areas-from-tplf/
Fevertree, HA can't get his £500k unless the following is met 1) £20m received at project financial completion. 2) SP has to be 3p for 5 consecutive days. 3) completed by 31 Dec.
Remember HA aligned his interest with us PI's after a few bigger investors complained about it.how many other directors would of done that on aim. Give the guy a break.
I see your idiotic verbal diarrhoea continues Fever..
You either have the mother of all shorts here, or no life…
haha look at these guys, clearly bitter that they missed out on this morning's gains. Better luck next time chaps
Rob
https://www.miningweekly.com/article/kefi-positive-that-end-of-ethiopian-conflict-is-near-bodes-well-for-project-progress-2021-12-06
Kefi's project teams have remained on the ground throughout this period of broader national conflict, preparing for the launch of the company's Tulu Kapi gold mine in an appropriate safety-minded manner.
At the same time, project syndicate members have reaffirmed their intended project participation as soon as compliance is demonstrated with normal conditions precedent…
In Kefi's view, there is little doubt that Ethiopia will then rapidly regain its long-standing position amongst the world's top ten growth countries and that the minerals sector will play an important role with the company's Tulu Kapi gold project as one of the first movers.
Totally agree with you. Adams has driven this into the ground - failing to raise the finance he has been promising for years - impoverishing his mug punter s/holders whilst at he same time enjoying a substantial tax-free Cypriot annuity stream from his consultancy fees.
No, I don't but I do expect that Adams will be forced to refinance.
Do not make me laugh company finished think that comment more desperate than anything the company could ever come up with.
Normally would agree that it is better a company to stay out of politics but government are well on top now and that situation is unlikely to be reversed due to several factors which if you have followed developments closely should be obvious.
Better right now to keep on the right side of the government and make as rapid progress as possible now that it is possible.
“At the same time, Project syndicate members have reaffirmed their intended Project participation as soon as compliance is demonstrated with normal conditions precedent”
Security being the major factor really… would expect government to take Dessie and Kombolcha over the next day or two then bar a couple of cities Amhara clear. Probably then rebels will withdraw to home province. Once rebels contained in north government can start improving security across whole country. At the present rate looking at a couple of weeks probably, meanwhile the company can make fast progress.
Sorry (not sorry) that that is so disappointing for you.
Rob
It is not for Harry to comment on the war which can turn out so differently on every single day basis
He should talk about finance and just say there is no chance that happens now as the security will not be achieved over night.. takes years for confidence to come back.. in the mean time investors have to pay Harry and John and throw money after closed in active mine which god forbidden ever gets to the hand of rebels specially now after Harry's comment then sadly will be the end of this company completely as we know how things work locally
So naive and dangerous to come up with these stupid line and still despite all the POSITIVES he is yet unable to produce any timeline or confidence to shareholders
If everything is so positive so when the deal will be signed then? Harry have maximum of 2 months then sadly this company is finished
IMHO
“The desperation to move the sp to where he can nbank his 500k is palpable”
So you think Kefi will arrange a long term project finance facility for the Tulu Kapi Project not later than 31 December and the shareprice will be above three pence?
Thanks for the vote of confidence :-)
So when do you expect TK to launch then? No one is desperate to kill it off -Adams has consistently and relentlessly destryoed value here, with his endless deals, obfuscations and untruths. Look at the share price trajectory, look athe history of broken promises, look at the accounts....
The company shouldn't be coming out with these statements period. The desperation to move the sp to where he can nbank his 500k is palpable, as is the utter cynicism.
Company would have not come out with today’s statement unless they thought the government was totally on top militarily certainly not if they thought the rebels had any chance of winning.
Only people that look desperate are the rebels and the usual suspects here that were hoping for a rebel victory to kill off the TK launch.
"Harry is desperate ..."
By the sound/tone of your post think you might be the desperate one.... yes the rebels now have KEFI in their sights after the CEO made a brief update on what is happening... thanks for the 'common sense' lols
I honeslty not seen these amount of BS being thrown out in one single RNS!!
You can sense panic all over it and none of these is going to save Harry or Kefi longer term.
More excuses and more nonsense
What he actually done with this RNS is basically creating enemy with rebels; if they ever get anywhere close to site they simply destroy it all. What a poor judgment
As a company you should only care about the state of your activity and the health of the company and not get involve in political affairs which directly puts shareholders investment at great risks
Who in right mind come and release an RNS like that while we have no idea what happens tomorrow and rebels come back even stronger. He put a spin of POSITIVE without having a clue of how rebels actually work and they can become his worse nightmare
Harry is desperate as this hit 200 days low and he think with BS like this can save the more times.
Come here to say the financiers will consider going ahead when situation is normal is yet another admission to the depth of this mess
What is normal exactly? What garantee you have to stay normal? I told you all months ago with current political issue no one in the right mind comes to invest here
Specially when things start getting worse
Harry commenting in rebels being pushed back was stupid and dangerous game
Beaide RNS is not design for reporting the local political news... People can read and judge that from independent sources without commentary from Harry.
I love to see the upcoming news from the Kingdom of Saudi yet another line if BS to buy more times
There is nothing in Saudi which would turn this around
He is shifting focus to the area which investors have no interest whatsoever no will add any values.
There are more which I talk about later but I couldn't sit quiet and watch these amount of BS being thrown out and say nothing ...
I noted the resident rampers day I and day out ramps over the past 2 weeks which done nothing and I stayed away so perhaps you can tolerate some common sense for a change
IMHO