The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I see book keepers at 0.8 sitting on shares!!
This will be interesting!
GLA
Agreed tintin. This project has been virtually nailed-on for 6 months at least. It's just a question of exactly what milestones are hit and when. As always, it takes longer than you think, but for those of us with eyes to see and the patience to wait, it's easy money.
I tend to agree, will take some major incompetance to rescue defeat from victory here I would say
Parties certain to approve and the independent assessment is just box ticking.
'
'In parallel with the social engagement programme, we are preparing detailed definitive documentation for signing between the Project syndicate financiers. Full Project launch, including funding drawdown, is on course for H1 2024, subject to the satisfaction of all the standard conditions precedent for a transaction of this type, independent confirmation that the Project is ready for launch from security and community standpoints, and final board approvals of all parties.'
Im afraid I agree with you and this RNS has been issued to stop share price collapsing. Not good and more waffle.
I think the objective is to try and get the share price up for another huge placing as has been fone many times before.
I note the company was recently saying project launch would be in Q42023 and today's RNS has pushed that out again to H12024. Who is actually going to provide the equity to build the mine and at what price?
Damp squib - another nothing RNS to try to push share price up ahead of a placing - if its conditional it ain't final - there has been conditional approval for literally years !!
This is the MIP basically done and approved whilst Harry is in Saudi!!
Would not be surprised if this opens very high and we smash 1p+ taking us onwards and upwards!!
GLA
I can smell the retirement!
Today is the first day of the transformation of Kefi over the coming months as reality takes hold that TK is happening and lots more news incoming. Today we stand at a mere £30m market cap but we are at point of landing a £390m finance package of which £320m is debt. Huge upside for all investors as we build momentum over coming weeks. Valuation should start to head towards £250m and especially so with news coming from Saudi projects due in coming weeks. Could be many RNS updates over next period. Well done Harry for the tenacity to stay the distance and onto the next chapter of Kefi history.
Here we go!!! Come on! This is it
We got it. This is what we were waiting for years. 1.2p today for a good start?
H1 2024 launch
Basically, everyone is going to buy whats left before H1 2024 for a multibagger?!
Even the dog is getting sold for leftover kefi shares.
The best part is multiples of the current SP!!
This is it, what else can the guy say or do?!
At least an 8-10 bagger here IMHO!!
GLA
Great news indeed, depending on what 'conditional' means. On what?
But sounds like everyone is champing on the bit to get going, I guess lots of work is about to kick-off. Well-done to the tenacity of the KEFI team.
Well done Harry....
( ̄□ ̄;)!!
Woohoo!!!
Bring it on Harry!!
Significant Progress on Tulu Kapi Gold Project US$320 million Finance Package
KEFI Gold and Copper PLC (AIM: KEFI), an early mover and successful explorer in the highly prospective Arabian Nubian Shield, is pleased to announce that it has received confirmation of conditional final credit committee approval from the lead lender for its "shovel-ready" Ethiopian development project, the high-grade Tulu Kapi Gold Project (the "Project"). This followed the analogous approvals from other key syndicate members including lead contractors and lead equity parties, and the previously reported actions by the Government of Ethiopia ("Government") during 2023. Key Government actions include the previously negotiated and reported exemptions from foreign exchange restrictions, commitments to provide permanent security protection and the approval of additional protections for the lenders for the Project.
The receipt of these conditional approvals is testament to the collaborative and long-standing supportive attitude of Project syndicate parties. The entire US$320 million finance package is designed at the subsidiary level, with syndicate members who know the country and are keen to support in our tightly coordinated and safe manner.
KEFI is now mobilising into the field to prepare the community, so far having briefed church leaders and congregations, and distributed medical treatment for the victims of the recent malaria outbreak, via the Tulu Kapi Charitable Endowment. For good order, the introductory presentation made available to the community has been uploaded to the KEFI website and is accessible via the following link: https://www.kefi-goldandcopper.com/expo-presentation/addis-adaba
In parallel with the social engagement programme, we are preparing detailed definitive documentation for signing between the Project syndicate financiers. Full Project launch, including funding drawdown, is on course for H1 2024, subject to the satisfaction of all the standard conditions precedent for a transaction of this type, independent confirmation that the Project is ready for launch from security and community standpoints, and final board approvals of all parties.
Speaking from the Future Minerals Forum in Saudi Arabia, where KEFI has been the technical partner in the highly successful Gold and Minerals SLA since 2008, Harry Anagnostaras-Adams, Executive Chairman of KEFI Gold and Copper, commented:
"The Ethiopian Government and the lead syndicate members of our high-grade Tulu Kapi Gold Project have been working hard to support our Project launch. The Government has recently made strong commitments including approving country membership (a set of protections for development finance institutions) for both of our Project lenders, deregulation of exchange controls and commitment to the preparation of security and our community. These Government initiatives have played a very important supportive ro
Manu why not gift your two shares to Condom Man…..I’m sure he will be delighted…
KEFI aregoing to appoint new CEO.... ?
Noel Edmonds is the front runner. However, as Kefi have had a Mr Blobby type character running it for over a decade, and has caused, in true Mr Blobby fashion, nowt but mayhem (to the share price)... critics are pointing out that hiring Edmonds is just as bad with his sinister links to Mr Blobby himself.
Meant to be by middle of December, month later still nothing. What is going on? This is getting ridiculous.
That last 1,000,000 sell was in fact a buy. I should know.
Very good presentation I agree. Lot of work being done to make progress and lets hope Harry can finally push this square wheeled vehicle over the starting line this next month or so.
GLA GT1
Thanks for the info robjm66
Bunion I am a Shareholder 2 of them but I’m trying to get rid of them 😂😂😂😂😂⛳️🏌️♂️
TheCondorMan.....What is your agenda ?....Small window of opportunity now left to get in before news.....Stop your ridiculous attempts to scare people into selling....get in now before the news....You know it makes sense!....You know you want to!
All great to see. Counting down go the sign off. Ethiopian government need as many dollars as they can to service debts so they are working as hard as Harry to get TK on the road to generating billions of dollars of gold exports. Cant be much longer but 18th webinar should be a big one if this all falls into place. Happy to wait a week or so. gla
In Ethiopia, uncertainty is the word for 2024. The country continues to grapple with crises in Tigray, Amhara, Oromia and Somali region. It is also on the brink of another war with Eritrea over the Pretoria agreement and the Prime Minister Abiy Ahmed’s brutal approach to Ethiopia’s need to secure access to the sea. The recent MoU with Somaliland has already created a crisis with Somalia.
Ethiopia is also facing an unprecedent economic crisis and religious tensions.
Regional tensions are also likely to continue between Ethiopia and Eritrea, with the risk of an open conflict following the declarations of PM Abiy that there were “historical and legal mistakes” that deprived Ethiopia of access to the sea. There are also reports that Eritrea has been training the Amhara militias known as the Fano.
theeastafrican.co.ke/tea/news/east-africa/2024-comes-with-dangers-opportunities-in-greater-east-africa-4485232