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small buy from one of the locals at 1.13 there ;)
Averaged down again. All sounds good and gold pledge is the best way to raise money in this gold bull market. SA is starting to look very interesting as well. My average is now below 2p but very hopeful.
From my #s there could be £500k of warrants at 1p (would be good to see them exercised as it gives company more cash) and £900k at 2p
Undervaled currently at anything under 40mil mcap, before any news lands. Stone cold sentiment but now we're cooking with gas.
Where's oilbit? :D (don't hate me if he comes back !! :D)
Feel the most positive here than for a long time. Some decent news from both Ethiopia & Saudi in the next few weeks could really propel the share price to 2p+....
gold at its highest since 2011....
thanks Simms, fingers crossed.
Gold up today too.
i seem to remember on the Q&A session that Kefi had completed its funding. in the last round with Rab Capital they got £3.5m and talks of closing the project finance and a further RNS has stated no new funds needed until October, and that assumes the financing does not happen by that time. would be good to clarify but my understanding the Kefi $10m is all paid up.
"The Placing proceeds net of expenses are expected to be approximately £3.5 million and will provide the Company with the funds to enable the closing of the c.US$260 million project financing of the Company's Tulu Kapi Gold Project (the "Project" or "Tulu Kapi"). This includes the anticipated initial closing of the Project level equity in Q2 2020, along with that of the identified debt funding in October 2020, which was set out in the Company's announcement on 24 April 2020 and included details of support for the local investors available from the Ethiopian Government if required. The start of full gold production at Tulu Kapi remains targeted for 2022."
I wasn't sure as my impression was those will conclude later than this month (unless they are putting money in on credit) but let's see. If I was them I'd put out the copper statement, see how sp reacts, hopefully strongly, then do a funding. It's so cheap if it all works out that I'm willing to accept it'll fall 10% or so at some point due to a placing and swallow it. There's also the warrants that could give some cash.
Stock v limited to buy rn
The answer to your question is it would be included in the offtake agreement in discussions. You the man bro
I'm reluctant to trade it (aside from having bought more on the drop last week) as I think it could go up very quickly but still trying to keep aware of the full details
it won't let me log into it again but it's the bit where they're discussing mine financing later on in the interview and to me ears he said "we're putting in 10 at the moment" or suchlike
Just dumped UKOG to get in here.
GL all FC
Sorry I mean on the TW interview, I'll try and find the minute
Can you show the quesion in an RNS please? As in if you've found a stone unturned in a RNS, can you point out we're? Thank you
Can anyone assist on my q below from interview?
only thing -ve, he said they are trying to put $10m into ethiopia right now (?) - may have misheard?
https://www.
sha re prophets . com/share show/viewer-005.p hp
Be interested if someone can post full url to interview?
Yep, plenty of buying and hope for a much higher share price this week
1.07p -slowly working our way through the quagmire of sells - then we will be off again.....expecting to double on Saudi news then double again on funding - minimum. Nice if we can get to 1.5p before then :)
only thing -ve, he said they are trying to put $10m into ethiopia right now (?) - may have misheard?
· TKGM is already in discussions with a range of Ethiopian investors and a number of international Specialist Mining Financiers, introduced by its shareholders KEFI and the Ethiopian Government, to ensure the required Project equity is secured well in advance of the closure of the full financing package in October 2020.
· Following the passing of the 30 June 2020 deadline, KEFI is now in a position to look to draw these discussions to a conclusion.
"The offtake agreement is the agreement pursuant to which the off-taker buys all or a substantial portion of the output from the facility and provides the revenue stream supporting a project financing."
https://www.*************.com/shareshow/viewer-005.php
his tone (not his comments) is always heroically subdued. I'd love to see him announce he's won the lottery or something ;)