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Good RNS and better movement up with it, time to take more notice of the company looking ahead. Last 2 movements are on the UP 0.568 v 0.588p
Does KEFI or its BOD has the authority to extend the warrants or do they need to come to the shareholders for the same? does anyone know?
I'm always wary of an optimistic HAA as it 'normally' is a prelude to a fund raise. Let's hope this is a genuine attempt to keep shareholders up to date with 'progress' towards TK finance sign off.....
We need an RNS just to check Harry has retrieved the can from the long grass and has started kicking it along the track.
BTW we could still make 2nd cab off the rank if the latest one before the final, final, now no more funding approvals (unless one shows up late) is verified as the real conditional approval.
Electriclion kefi gradually getting there. Was some doubt that kefi was playing games with the adverts but those people are unlikely to join just for the fun of it.
https://www.gti.co.za/ green team international got mentioned think they are this group.
https://www.gti.co.za/pastprojects.html
Hold your horses guys.. because I still need to get paid this month for a good top up!
Hold hold hodl for that gold folks!
Well done LTH's, we know this is yet another promise but these things naturally take time, we have no choice but to trust the process.
Buy and hold those golden tickets because emotion will not increase or decrease your financial position so don't let it cloud your judgements.
This will be signed very soon!
GLA
Today's RNS RNS shows that it can only get better
Market likes it!!!
😉😋
"Combined open pit and underground production is targeted at +/- 200,000 oz p.a. of gold production which now represents an estimated gold export revenue of circa US$400 million per annum (assuming a gold price of $1,965/oz), which would today be Ethiopia's largest single export generator and a significant economic engine for local and regional benefits.
"With projected all-In-sustaining costs of approximately US$860/oz and break-even costs (after all debt-service) of approximately $1,200/oz, this presents a solid position for generation of net cash flow to KEFI. With a now-targeted KEFI beneficial ownership 80%, this represents net cash flow entitlement to KEFI of approximately £63 million (US$74 million) per annum over the first 9 years, commencing from H2 2026." Makes sense to go for the extra underground pit as early as possible now.
”corporate activity is increasing in the Arabian Nubian Shield and KEFI has received expressions of interest from other parties to potentially participate should the opportunity arise in Ethiopia, either at Tulu Kapi or in other growth opportunities being considered.”
Actually getting investors interested in Ethiopia to add to previous interest in Saudi.
Jacques Kruger has been appointed as the new Project Development Manager and is working closely with Project Director Norman Green, the founder of Green Team International; and
· Simon Cleghorn, KEFI's original Resource Geologist and a core team member during our overhaul of the Project in 2014-2015, has re-joined the Company at the Executive Committee level after serving as Chief Geologist and Chief Operating Officer respectively at leading Kazakh mining groups, Eurasian Resources Group and JSC AK Altynamas.
Looks like as kefi could not fill some roles in Ethiopia from the locals they have filled them at international level.
It might as well been another 30%
It an't signed until its signed
An extra 10% .... whats not to like :)
Somewhat drowned out by the usual idiots and the (legitimate) lingering doubters I think Rob. None-the-less it reads well to me. Certainly not planning on selling today! lol
There's a shortage of true comedians doing the circuit just now. Most can be found on the LSE and ADVFN BB's. Let them (green box ones) spit their dummies out whilst tossing the toys out of their respective prams. :o).
all syndicate parties have now either confirmed final (conditional) approval or that they target theirs this month;
· KEFI now targets an elevated beneficial interest in TKGM of 80%
Not much comment that that they expect approval this month and the share kefi expects has increased form 70 to 80 percent of TK?
I can't see any other reason for a largely pointless RNS.
Why did we need an RNS, if TK is soooo close?
Petroinvestor - perhaps you have some beef with dvh on another board, but I really don't care. I have seen two of your posts on this board today, and from those and those alone, you have already shown yourself to be far from pleasant yourself.
'Don't get spiked here, left holding the baby here. time to take your profits before the pumpers dump.'
Petro, who is in profit here? lol
Shorters out in force this am !
This could be interesting pump to get warrants away
I am confident the sign-off this month will happen as stated in the RNS as the announcement clarifies the reason it's taken this long. It's been the dedicated 24/7 security to the satisfaction of all parties and this, finally, appears to have been achieved. HAA mentions other projects in Ethiopia and the security solution as previously mentioned in a Proactive interview was a specialist military police unit specifically for mining projects in Ethiopia.
“Preparing for a safe construction programme at Tulu Kapi:
· dedicated policing has been formed for permanent presence around Tulu Kapi and the other strategic mining projects, reporting to the Prime Ministry to ensure safe working conditions for the community and any parties brought to site by the Company;
·our arrangement is being formalised and signed off to satisfy all stakeholders of the commitment to safety and international standards by Government and the Project syndicate;… these commitments have allowed the syndicate parties to advance their processes and remain on track for completing final approvals this month, May 2024”
Today?!
If we don't finish the day positive I wouldn't just assume that it's because the SP is being held back. We have had so many RNS's saying the financials are about to be sorted (followed by a placing) that I doubt anyone believes Harry anymore hence our disappointing share price.
The only real catalyst for a rerating in my opinion is cash in the bank. Anything else is just noise.
God I hope there's not another placing coming
There won't be spike in SP imo until the finance is actually signed off. The SP of many AIM companies would would see a positive SP response on this RNS but we've had too many false dawns here, BUT, i do like the following!
"Combined open pit and underground production is targeted at +/- 200,000 oz p.a. of gold production which now represents an estimated gold export revenue of circa US$400 million per annum (assuming a gold price of $1,965/oz), which would today be Ethiopia's largest single export generator and a significant economic engine for local and regional benefits.
"With projected all-In-sustaining costs of approximately US$860/oz and break-even costs (after all debt-service) of approximately $1,200/oz, this presents a solid position for generation of net cash flow to KEFI. With a now-targeted KEFI beneficial ownership 80%, this represents net cash flow entitlement to KEFI of approximately £63 million (US$74 million) per annum over the first 9 years, commencing from H2 2026."
And will bail (if they know what's good for them)
Should see the sideliners come forward.