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Well that's Harry done for Christmas see all my loyal shareholders in the new year
Bloody good work if you can get it
They ALWAYS sound upbeat and NEVER over the line
Harry promised us regular news flow back in Sept, the news flow has been a joke , , if he doesn't know the time line say we are simply progressing and it takes time, Harry will be late for his own funeral
An RNS to record that there will be a RNS announcement when there is something to announce
Not what we want to hear.
Still no finance sorted.
Fund raise city ahead.
Lovely Christmas present!
Well the RNS sounds upbeat but still not over that conclusive finish line...
Their should be a strong buy but only with money you can afford to lose.
I find the Q&A pretty re assuring. I don't think Kefi management are fundamentally dishonest - I do think they are serially over optimistic and occasionally a tad disingenuous.
It sounds as if there was a concern on security where someone in the banks has said it could scupper the deal - so rather than risk getting dinged at credit committee Kefi and the Government have sorted it better (security).
That was sorted 7th / 8th December so revised note won't have gone to banks until c. 12th December.
That puts a decision 2-5 weeks from then (probably the shorter end).
I don't think the banks (given their nature) want to sit with Abiy and his ministers - say we need you to sort this ... then 3 weeks later say I know you sorted that but its off. They really do damage reputations at that stage (although a damaged reputation is better than losing $100m).
I'm estimating 75% chance approval within 3 weeks - prob 1.75p upwards share price
25% get kicked down path - price halves.
Nice odds - but only with cash you can afford to lose.
"imminent", surely it has to be this time ,, ; - )
One might say "imminent", deedee.
Mr Market does not seem to agree.
I suppose if it doesn't happen in the next few months then it must be being funded by a workers' co-op where they are even today discussing the knock on effects of mining gold and whether Ethiopia has made proper provision for workers to have a jacuzzi installed in every bungalow housing families; where they also need to have a proper public transport system and visits to the local museum should be basic requirement.
Going to a museum and swotting up on Mussolini might be nerve wracking, but our counter-offensive in 1941 should inspire Ethiopians to build back better.
GLA.
“Notable were the public commitments made by the government through the Prime Minister, as regards intensifying preparations of the community for safe resettlement.” 7th of December last day of meetings.
https://www.northernminer.com/news/kefi-gold-and-coppers-tulu-kapi-build-to-put-ethiopia-on-global-mining-map/1003861838/
Article 8th of December
"The government in early December rolled out an increased security presence in the mine’s western region to ensure the area’s relative safety and stability about 1,000 km southwest of the main conflict area. "
Looks to me that security was improved just before or at the same time as the meetings took place obviously Abiy wants to get this done.
Funding is on its way
Thanks Ameen amen to that not that anyone was sweating or anything.
Excellent progress......
Kefi Investor Q&A page,
Q: What happened at the workshops in Ethiopia for the Tulu Kapi syndicate? And what happened to the approvals by the lead financiers?
A: The stakeholder meetings ended 7 December with all objectives achieved. Notable were the public commitments made by the government through the Prime Minister, as regards intensifying preparations of the community for safe resettlement.
In response to this Government confirmation, the lead financiers immediately submitted their internal requests for their respective committee approvals. We are well informed of excellent progress but can only formally confirm outcomes in an RNS when we receive formal confirmations to do so from these financiers, all of whom are multi-billion dollar companies with strict protocols.
Posted 19 December 2023
Last TK update was on a Thursday and previously had a quarterly on a Saturday and an AGM on a Friday looking back this year kefi does favour early to midweek generally but think if if they get a go signal by the banks they would drop it on the market as soon as practicable as too much chance of the news leaking out otherwise.
That’s before you even factor in that the Ethiopian Christmas is not till seventh of January.
"Ethiopia (and especially the Ethiopian Orthodox Tewahedo Church) celebrates Christmas on January 7th, not December 25th. The Ethiopian Calendar has different months - and Christmas in on the 29th of Tahsas. Many other orthodox churches around the world also celebrate Christmas on the 7th January. The calendar the Ethiopian Orthodox Tewahedo Church uses originally came from calendar used by the Coptic Orthodox Church (which is based in Egypt) but now has it's own special days."
https://www.whychristmas.com/cultures/ethiopia
Surely lawyers/legal teams don’t work over Christmas, so if that’s the case it’s looking like it will be Monday 8th January 2024.
Kefi never puts rns out on a Friday, so it is unlikely to be this week, next week everyone is on holiday, the week after that starts on Monday 1st so it will be the following week of Monday 8th January.
Happy in the New Year.
You can lead a horse to water but you cannot make it drink. Harry has led a whole herd of horses to a tempting waterhole in the dry season but he has no control over when the lead horse takes a drink which will see the rest of the herd follow. Fair to say that as the wet season approaches then that waterhole will become less appetising, but there are still several months of the dry season left.
It simple AJ you have to get lucky every day we only need to get lucky once.
This is so comical. Retro fit ramper Simms sounding ever more desperate.
"RNS must be Friday..."
"Or Monday"
"This week?"
"Pretty please?....."
"Harry, I'm begging you..."
How about NE-VER, Simms? How's never for you?
Https://www.nasdaq.com/articles/exclusive-ethiopia-aims-to-get-$3.5-billion-under-imf-programme-sources (Ethiopia general)
https://ebc.et/english/newsdetails.aspx?newsid=4882 (Ethiopia mining)
https://www.arabnews.com/node/2427671/saudi-arabia (Saudi mining)
What's a lie in?
Harry has to bring home the bacon this month really as it is only way to sprint past 1.6p and probably 2.4p by end of month to trigger those warrants and fund Saudi etc. We probably have access to loans and Harry is past master of running on fumes but all the ambassador parties and backslapping with the president feels like this is about to drop anyday. Looking forward to a lie in :)
Bunion
Stop telling porky pies you listen to much to HA , I do not post any negativity on other boards I only point out the bleeding obvious about Kefi, now be a good boy and stick to the truth I know its difficult for you after listening to HA`s BS for nearly 10 years.
Did any money come in yet bunion ?
...and that's being kind. What a lot of dross. As HAA has said, some folks would be genuinely better off not investing in this kind of stock in the first place. For the rest of us, we know the history, know the risk and know that all there is to do now is to wait for news.
Google, please provide the delusional definition of : "could not care less"
Google answer : over 40 posts in 10 days on kefi.