Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Wholeheartedly agree. Harry intimated with that comment that all is well and moving quick. Harry did not want to compromise the situation by pressuring the Banks, so wouldn't be surprised if next week there is an RNS confirming it is signed.
Don't normally get excited over the webinars, however, Harry did not have to mention the fact that he had a thumbs up fro all points from the Bank.
Could this now be the catalyst that finance could be just around the corner.
Danners456 not another joker šš¤”š¤”š¤”
āI don't give a damn about those sessionsāsorry have to laugh to at someone that one second is not interested at all in the webinar then watches anyway then posts loads of comments about a webinar some of them when the webinar is ongoing about a webinar they do not care about. The contest of harry being proud was proud of his team and the obstacles they have surmounted.
https://www.investormeetcompany.com/investor/meeting/investor-presentation-418
I think you might need to listen again but I am forgetting you have no interest in the webinar only commentating on it.
Danners - are you new to KEFI? you are talking BS IMO.
Fantasy: HAA hasnāt spent 8 years solving the finance. If you pin your ears back, you were told, and on more than one occasion, that the civil unrest in the county has only been acceptable for financial investment in the last year or so. Heās been treading water for 10 years+.
People without any acumen of how business works should stay as employees.
Hi Rob - HAA is proud of exactly what? 8 years he has spent on solving the finance.. and it is not done yet. if he has come out after signing and having the funds in the bank and told me, he is proud - I would accept that. BOASTING about it, without delivering it is, as useless as it gets.
"Have to laugh at some of the comments here and wonder if they saw the same webinar. First Harry is proud of the company and his team. Would not say Harry gave a lawyers answer he straight batted everything and gave as much detail as he could. "
Wonder what Harry said to make a little blip. Happy to have a little prezzie every day if he can squeeze a bit of a rise out the market.
At the stage where cross fingers the next bits of news are first board and credit sign offs in Ethiopia and the resource upgrade for JQ in Saudi.
I heard enough to top up as i think we will get a good steady set of RNS updates over next few weeks. If one of those is credit signoff then the whole train goes into motion and Kefi is immediately worth Ā£120m (2.4p) just in net assets when we bank the $90m sweat equity. However i get every investor is jaded with Harry rose tinted glasses, i am myself, but ministry of mine touring Australia and dozens of investors in Addis bank meetings means they are all hitched now to Harrys wagon and heading off down the hill. We have financial closure momentum and now we just need to wait for that momentum to reach the share price but it might sound silly given how ridiculously undervalued we are but Ā£150m+ is bare minimum for TK after financial closure of $370m project we will own 70% of and then you turn your attention to Hawiah, JQ and the massive number of other licenses Kefi have been awarded. Obviously all hinges on tk finance but, touch wood, everything is in place and once the bank finance RNs drops we will climb over the coming months and while some investors bail this is a company that can easily go to 5p by next year on the back of Hawiah news and maybe a lot more if we move to Saudi listing where similar mineral companies have been valued around $1bn. Given today we are worth Ā£30m something tells me that there is a reasonable value gap. It it was not for Harry bluster and we had a CEO who delivered what he said we would be Ā£120m today but risk and rewards and strange bedfellows.
You are the joker rob .. the court jester... at whom everyone is laughing. You have to be most gullible fools on these boards. You spiel could've been written multiple times over the past c8 years. And i bet you certainly did that in some shape or form. Each and everytime HAA does his gob5hite presentation, mugs like you forget all the similar rose tinted garbage he said previously, on multiple occasions, which never materialised and cheer HAA as the saviour who will lead you all to the promise land.
How the feckkk can he be proud of decimating shareholder value over the past decade by over 95% ? What is the point of being proud when shareholders have been shafted ?
What is there to be proud of, turning 60m shares into 85 BILLION shares (pre consolidation) ?
Of course he's proud, Kefi is a lifestyle company, and it's done very well for him, even though shareholders who have been in this for more than a few years, have been all but wiped out.
Prices from 2 pm are likely buys as one is mine. John
Cheers Rob. Great stuff as always.
To infinity and beyond!
Spot on Rob!
Thought it was a very positive webinar.
Have to laugh at some of the comments here and wonder if they saw the same webinar. First Harry is proud of the company and his team. Would not say Harry gave a lawyers answer he straight batted everything and gave as much detail as he could. As for TK closure he said that they had just got the thumbs up from the banks a half an hour ago over what was being discussed and should be able to crack on more with the final credit and board approvals which were being worked on from which everything would flow.
His not stuck between a rock and a hard place just the company is being meticulous in clearing up anything that could cause a problem down the track.He was actually doing the webinar from Australia where he was flying the flag for Ethiopia a with a mining minster from Ethiopia.
Thanks for your comment Catbert you seem to have some idea how these things work.
Questions
Q Funding situation for TK final action points?
A Fine print of central bank issues being put in place progress this week so approvals should start to flow.
Q Resettlement?
A Chopped up into stages not all settled at one step plenty of equipment ready to be mobilized in the country lot of building in Ethiopia.
Q Another press opportunity like umbrella agreement?
A we will take every opportunity we can thatās reasonable to do so.
Q JQ in production will be first what percentage kefi have
A It might be and percentage (long answer probably depend on a couple of things whether it closer to 25 or 27 percent ROBJM66)
Q Wet season?
A all flows from credit approval.
Q Saudi listing?
A Kefi like rock stars kefi have spent time on this fair to say the JV will look at possibility we will build a mining house with Artar.
Q If any of the banks refuse credit approvals?
A banks have invested three years they are in Ethiopia toady..they are serious about the project they are development banks that have Ethiopia as a member if it did happen there would be no shortage of people to step in.
Q gut feel for bank sign off.
A Not respectful to a banks to give time but banks were happy to fly to the country to sort things off.We all want to launch.
Q board approvals?
A Main thing shareholder when will we finish, company will not budge till every thing is perfect but moving into documentation stage now. Government determined to get this done, we are in the first for the queue for mining.
Q sell any of the projects?
A you know everybody in the mining world but everybody is looking for the best deal the best way to optimize is to deliver would not get a good price for projects at this time.
Q furthur funding in the short term.
A have facilities to see us past closing of TK.
Q Business plan.
A yes we have business plans for projects.
Closing comments
Harry, people to new to company..we lost time to regulatory issues but carried on and no we can make it happen now everyone climbing on band wagon there will be a remarkable change in perception of the company.
Thanks to the people that have hanged in here with us and welcome to new shareholders.
ā¦
Well only a rough and ready transcript come summary but think I got the gist of most things. What was new is the company has just received a good report from the banks harry said in the last half hour. The pace does seem to be picking up meeting going on with all parties even when harry is not there.
Everyone is serious about this and wants to get it done.
Webinar
Will be the usual quick and dirty write up then a better version later
Start
Harry will walk-through the presentation then take questions
htTps://www.kefi-goldandcopper.com/files/presentations/kefi-africa-down-under-conf-pres-sep23.pdf
In the thick of closing finance at project level.
Started in Saudi Arabia red tap held us up but that's history now it a hot sector..largest exploration two discoveries..good team..14 licenses granted last year..strong partner.
Ethiopia even more of a turn around. Delay due to turmoil in country we are there in the forefront, minister said the kefi was at the forefront of the mining industry in Ethiopia. Arabian Nubian shield world class and kefi charging forward on both fronts.
Big upside to kefi as it derisks it projects (corporate overview slide).
Other mining companies arriving we have the projects that are first in the queue for development.
The introduction of democracy in Ethiopia triggered changes in Ethiopia..
Why Saudi now slide? Really stable the past regulations slowed things down.
TK in closing procedures as we speak and lining up finance in Saudi as well.
Pipeline of projects second to none in the private sector in the region.
Market cap to Npv slide gap will narrow. Peer group comparison slide..derisk.
Syndicate structure slide. Not whether will develop but when we will stop expanding JQ to develop.
Project status slide in the thick of closing procedures three critical hurdles for banks now cleared country membership, the security and the foreign exchange controls, granted now getting down to tin ticks intense process kefi go between been challenging but we succeeded, after meeting this week and company just received a summary report from the banks all thumbs up.
Made good progress this week that will contribute to board and credit sign off everything flows from that and preparing the community already.
A lot of detail company most tick all boxes before release of capital company was in Australia showing the mining minster around. Expanding team ready for launch of TK.
TK great starting project great economics.Things being signed off independently. A big amount to raise for TK compared to the amount raised for mining on Aim.
Drilling for ore body believe there could be a million ounces additional down there (TK).
Hawiah going to keep growing Saudi stock market taking Amak billion dollar company..JQ string of pits..just exposed another VMS system at Abu Salal.
Kefi has been discussing this project with these lenders for 3.5 years.
They have negotiated all of the preconditions that these banks required.
https://en.wikipedia.org/wiki/Development_finance_institution
Although this isn't a rubber stamping process it seems that the worst outcome at this stage would be that one of the banks adds some additional criteria to their requirements which although possible seems unlikely given that they've had 3.5 years to set these.
Furthermore the project itself has an enormous significance for the development of both a major economic sector for the country and also for foreign earnings of a nation with a tremendous growth potential.
In many regards the financing deal is a political as well as an economic decision which should hugely benefit Ethiopia.
Understanding how development banks work and what they do is critical to understanding where we stand here.
GLA DYOR
As usual not impressed this is a long way from happening even if the money comes in imho in never will with everything going on in Africa.
AIM mining is on its arsā-, good luck to everyone š„ø
Did that ANS money ever come in š¤
I like Harry, but I get the impression that with Ethiopia he's stuck between a rock and a hard place. My take is that one of the Saudi projects will receive financial sign-off first and shame the Ethiopians into pulling their finger out.
It's going to be like buses - probably 3:l projects receiving full funding in a row!
GLA
Yet not prepared to give any detailā¦. Still far too condescending and slippery for my liking - my average is similar and I hope youāre right .. but we are still none the wiser really
Indeed it does. For what I am seeing and hearing here , Harry seems very confident of sign off . I have got no warning signals of it not happening . Im a long term holder here and rarely post but I average 1.5 p and am confident of a good return this year .
ā¦ and Q3 ends in 3 weeks
Thanks for correcting Topman - I wasn't sure if I heard it correctly..
No Q4 was for the start of the project.Q3 for finance sign off