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ITs happening :)
RERATE
With all matters of principle for the Project having now been resolved with the authorities, the Project finance banks can now proceed to final credit approval for the Project's US$190 million secured debt package
Https://www.fanabc.com/english/eu-reaffirms-support-for-ethiopias-reform-undertakings/ (Ethiopia general)
https://resourceworld.com/barrick-gold-plans-us2-billion-zambia-copper-expansion/
(Africa mining/copper)
I hate the fact that you have a point.
One sure way of ensuring someone keeps on posting, in fact increase their frequency, is to tell them to "go elsewhere"
more importantly, what someone does with their spare time, wasteful or otherwise, is their business and they can waste as much of it as they wish.
Afterall, have a gander at the shareholders here.. many who have been in the share for nearly 10 years.... 10 wasted years.... did they "go elsewhere" ?
Https://addisfortune.news/half-a-billion-dollar-gold-project-inches-from-shovel-ready/
Probably the company refereed to in the FT article as Canadian
Bunion
Yes you’re right I do have only 2 shares so I’m not the one that needs to worry 🤔
Manu you have admitted that you have no personal interest in Kefi……only two shares…..we all know that you just love trying to confuse people.
With he greatest of respect please go elsewhere and stop wasting your time…….
One look at the candlesticks will tell you there is still a mahoosive overhang of 0.7 wanting to get out.
Why would you do that if there was imminent newsflow that will double the shares?
Answers on a postcard to Jeff Keating, SP Angel.
Any money come in yet 🤔 ?
No! I don’t think any will 🤦🏼
Stop squirming rob, you're embarrassing yourself again.
Thanks for hanging on my every word TCM her and elsewhere but the argument is that other companies are one watching what is happening with kefi and two need themselves the issues around foreign exchange sorted.
By the time I had posted it twice I was thinking more about what was the Canadian mining company mentioned and was the article in the FT an effort from Ethiopia to reach out of the west or vice a versa would have edited my post on both boards but it can only do so on ADVFN, however I can see that only people actually interested in kefi prospects would be interested I such things.
Improving relations with west?
https://uk.sports.yahoo.com/news/eu-pledges-delayed-680-million-192841296.html
https://international-partnerships.ec.europa.eu/news-and-events/news/global-gateway-european-union-launches-cooperation-priorities-ethiopia-peacebuilding-reconstruction-2023-10-03_en
So on here the prof copy/paste says :
(upper case my emphasis)
"This WILL get done quickly as otherwise it will hold up investment from other foreign investors not just kefi and the Finance minister is on the case."
and another boards he says :
"This SHOULD get done quickly as otherwise it will hold up investment from other foreign investors not just kefi and the Finance minister is on the case."
-----
forked tongue personified.
This will get done quickly as otherwise it will hold up investment from other foreign investors not just kefi and the Finance minister is on the case.
“awaits from the Ethiopian central bank a formal confirmation of details of
operation of offshore banking as has been agreed informally with TKGM and its project finance banks”
https://www.ft.com/content/33a91728-c23f-4165-a659-1debb4dc506e
“Ahmed also vows “to open the banking sector” to foreign players, amid interest from Kenyan banks, one of the government’s many “bold reforms”, he says. Canadian miners and German carmakers are exploring opportunities in Ethiopia, says an adviser to investors, but foreign companies struggle to repatriate profits and access foreign currency to operate. In response, Ahmed says the liberalisation of the foreign exchange system “will be addressed”.
No they won’t be going through it forensically at this stage. The documentation will have been through many turns and should now fully reflect the positions of all parties. Just add in the final economics once agreed and we’re ready to sign.
But thank you for pointing out its not a car loan.
The Banks will be going through the final agreement forensically. If they DO NOT do this, then their monies and reputation will be on the line.
We are talking of Credit Lines of hundreds of Millions of dollars, not a loan for a car.
I would be surprised if the Banks needed to go through the final agreement again at this stage. Their lawyers, internal and external, will have been all over this for a while by now. All that should remain is for the pricing info to go in.
I have taken another look at that Proactive Interview. Once the 'ultimate' regulatory issue is documented and signed by the EG, there will no doubt be a lot of toing and froing between the Board and the Bankers as they the Bankers will start dissecting the final agreement as the Credit Finance is a serious amount of money that they are lending and want to make they get their money back with interest. The way Harry was describing it, it does not look as if it will be concluded in October?
Who knows, he has got it so wrong in the past, he may one day get it right!
"Agreed in principle means nothing."
I disagree dsrt. "Agreed in principle" is very informative. It means "not agreed".
This means nothing unless in black and white and harry knows this...so he shouldn't be saying theses words ...stick to signed documents only ..we are no further than 2 months ago ...waiting at snail pace for a couple of signatures
Thank you Rob… I guess that’s it ..
Mentions it in the RNS "Final credit approval awaits from the Ethiopian
central bank a formal confirmation of details of operation of offshore banking as has been agreed informally with TKGM and its project finance banks.
This clarification complements and clarifies the policies and principles set out in recent published National Bank of Ethiopia Directives waiving
strategic mining projects from foreign exchange control and capital controls." Should not take long considering they changed the law to make it possible and it is agreed in principle.
Harry does not mention what that last regulatory issue that needs signing off. It is a very important one remaining as until this is agreed by the EG, it cannot go before the board nor the Bankers for the Credit Financing to be approved.
Still has some legs to go before all over the line.
SB - HAA doing his usual stuff... saying one and doing another.. although I feel we are closer than last year :) waiting patiently :)
The interview sees HAA explaining that the consortium awaits one more regulatory sign off BEFORE credit committee approval etc… my question remains - what is this?