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Secret. I share your frustration...so do many others I suspect.
It is probably H's way of reassuring us.
At the end of the day it is all "words"
The best reassurance we can have is as you say updates. RNS's with confirmation that X, Y and Z have been done would also help.
This will also help the sp!
6 0's
I too have listened to to that presentation. Nothing really new, but it was never going to be, as it was a presentation of the company and the reasons why investment should be made into both Ethiopia and Saudi Arabia.
The frustrating part for me, time and time again, on each of these presntations/Forums and Webinars he says that Credit Finance WILL be done and still no further UPDATES?
Sorry for the rant.
I have just listened to that Forum.
Good presentation, but lacked the 'Showmanship' I feel that the Americans seem to like...but Harry is Harry. All in all he got over the importance of Kefi in SA and what large investments are being in made in mining and the potential that is there.
It was good to hear that he is still very optimistic with TK with credit finance being completed as he said that we will be carrying out Mine construction around Christmas time.
Let us hope it will be a cracker!!
Https://www.marketscreener.com/quote/stock/ALLIED-GOLD-CORPORATION-159090926/news/Allied-Gold-s-Jane-Sadowsky-Named-to-List-of-Influential-Leaders-44889543/ (Ethiopia mining)
https://regtechafrica.com/ethiopias-central-bank-provides-long-awaited-assurance-of-currency-convertibility/ (Ethiopia mining)
Trouble is people lumping different things together the key is board and credit approvals expected this month its there in the presentation slide 17
https://www.kefi-goldandcopper.com/files/presentations/kefi-gold-forum-americas-pres-20sep23.pdf funds will be used only when required in tranches over the construction phase. Everything flows from board and credit approvals as then the whole syndicate is happy for things to proceed everything else is the usual process around constructing a mine.
Well in simplicity, he is saying draw down in Q4 !!! Which is not Q3 !! Therefore inthe simplest of terms could be OCT ,NOV,DEC. 2023 this indeed is Harry talk at his most ambiguous ,do we need a drink 🥂🥂🥂🍷🍷🍷or indeed a little 🙏🙏🙏🙏🙏🙏 or a miracle !!! Or am I misunderstanding his comments .for gods sake help us .
Key thing today is we are 10 days from end of Q3 and Harry in presentation says bank credit approvals and definitive agreements to be signed so that in Q4 we can draw down equity and get cracking. Harry could have slipped some of this into Q4 but he has not. Therefore we have assume signing has all been agreed for end of month which is largely what we have been led to believe. Key is this is happening and the biggest value creating event in Kefi history will happen on credit approvals and definitive signings, easily $100m for starters. Hopefully we are now in the final stretch although share price seems to think otherwise.
Harry has more chance of knowing the exact amount of skittles in one bag...than giving us a date on completion...he's already put in writing construction starts in dry season next year ...take which end of year
Apology accepted.
We all knew that it was going to be all up and running in Q4, but not exactly when, so at least we know it will be Christmas if still all goes to plan.
Well sorry if I jumped down your throat but not helpful pulling one comment out of the Webinar with no context ten minutes before market close. The context is things remain on track if you did not see the webinar and were just waiting for the comments you would have thought things had been pushed back several months.
Start
htTps://www.kefi-goldandcopper.com/files/presentations/kefi-gold-forum-americas-pres-20sep23.pdf
Harry first visit to this conference introduces himself and his history..formed three companies..gold council..
Talking about Arabian Nubian shield..how do yo unlock the potential… over night success after 15 years..here we are largest exploration team team in Saudi …game on..prospects will double large pipeline..
Two discoveries in Saudi walk up drill targets worth the wait two major discoveries. Everyone wants to talk about Saudi Arabia granted 14 licenses last 18 months…Hawiah growing.. feasibility study..JQ building its ounces before we launch a string of resources at JQ site looking to trigger JQ first
Ethiopia shovel ready project going through finance closing procedures can now go to final credit and board approvals recent break through with the central bank.
The crowd has arrived…allied gold largest IPO in a decade and for a Ethiopian project Will be on everyone's lips…history lesson on Ethiopia…kept syndicate together.
Bottom line is we are ready to go.
Saudi third pillar of Economy..driven government o make it happen like Ethiopia to make this sector boom. Allied gold IPO last week comparison on slide.Kefi done all the hard yards nearly a billion dollars between the two companies put forward for Ethiopia.
Amak comparison slide Amak 1.4 billoi for resources about the third of the size of Kefi capital sector really want to get into Saudi capital in KSA will not be a problem for us.
Money will be raised at subsidiary level in Saudi .Valuation compare to other companies slide. Board slide.
Corporate snapshot slide Aim weak market however..the stars have aligned for us on the ground our funding are at the subsidiaries and we will grow in value we are only trading at 14 15 percent on project that will double in scale. Hard work of team about to be awarded about to be awarded with projects in both countries.
...
“game on”
“Ethiopia shovel ready project going through finance closing procedures can now going to final credit and board approvals recent break through with the central bank.”
“Bottom line is we are ready to go.”
“Hard work of team about to be awarded”
Put this together with the slide no 17 of presentation other webinars TW piece and Rnss still expect Board and credit approvals this month.
Robjm66 - That is is exactly why I said it!?!
They cannot be up and running without the funding first. I would have thought that would have become obvious?
Https://www.kefi-goldandcopper.com/files/presentations/kefi-gold-forum-americas-pres-20sep23.pdf slide 17 seriously engage brain FU2.
Up and running talking about the construction phase after board and Credit approvals and moving of villagers.
We should be up and running by Christmas 2023. Yes, you read it correctly, 2023. Lol.
Webcast available today at 4:10 free to register. htTps://www.goldforumamericas.com/company-session/3135/
“The comedy just writes itself on here.” No do not put yourself down. Joking apart notice you are now arguing over how much this will go up after the deal has been signed rather than saying this will not get done, that's the punchline.
$1,943.72
What cracks me up is when folk waste their day posting on a share they are no longer invested in after selling at a loss. 🤔
You lot crack me up! The comedy just writes itself on here.
"The price should be going up!" "This has got to be a joke!" "It just does not add up."
This is apparently going to multibag when the RNS everyone has been expecting every week for the last year arrives this week. Yet... every time the share price approaches 0.7 there is a stampede of sellers.
What does that tell you? Think about it. Think reeeeeally hard.
Answers on a postcard to Jeff Keating, SP Angel.
Still has same items listed for Q3 sign off. ie by end of next week
Ok fast and dirty run down as harry will be walking us through the whole thing later.
https://www.kefi-goldandcopper.com/files/presentations/kefi-gold-forum-americas-pres-20sep23.pdf
Slide 3 • HAWIAH (COPPER & GOLD) (PFS COMPLETED)
• JIBAL QUTMAN (GOLD) (PFS COMPLETED)
• TOTAL RESOURCE BASE 3M oz (Au eq) AND GROWING
144Koz(TK)NOW CLOSING US$390M PROJECT FUNDING FOR LAUNCH (1930x144000 Equals 278 million dollars gross revenue per year)
Slide 7
Allied Gold listed on the TSX in Sep 2023 raising US$267M to develop its Ethiopian project Kurmuk (so obviously is possible to put finance together to develop a mine in Ethiopia) (Kefi market cap 40 million dollars Kurmuk 860 million dollars so over 20 times the market cap)
Slide 8 Same story really but a even bigger disparaty
Slide 11 talkng about Lithium again wonder if kefi have their eyes on a area.
Slide 18 Drilling to upgrade and expand resources
➢ Development Commitment Q4 JQ
Come on fgs!
This has got to be a joke!!
Sorreee just read bear 666 post where it states 4.10 London time. John
I may be wrong BUT I think it may be 3.10pm and that they are 6 hours behind gmt. John