Member Info for Bear666

Nearly half the new shares are in sticky hands.. 472,727,273 Ordinary Shares at the Placing Price by Safaya Investment In Commercial Enterprises & Management Co. L.L.C (the "Subscriber"), subject to approval of the Company's shareholders at the General Meeting, to raise £2,600,000

Https://capitalethiopia.com/2024/12/23/tulu-kapis-impact-on-ethiopias-mining-future/?amp=1

See that the usual clowns with multiple id's are up nice and early posting their continued bile.

Merry Christmas to you all..

Https://www.kefi-goldandcopper.com/investors/q-and-a

Https://allafrica.com/stories/202412170333.html

https://apanews.net/ethiopia-allows-foreign-banks-to-operate-in-local-market/

8+ years and 1st post?

Do you have a link where this is confirmed?

Https://www.thereporterethiopia.com/42935/

Kefi Website link with the Q&A

https://www.kefi-goldandcopper.com/investors/q-and-a

Posted on kefi telegram

Worth A Read,correct or not?????, DYOR

"I've been looking a bit more into the ratification process for several of the other Ethiopian banks (about 10 so far). Typically they fall into three categories

- the first are brand new emerging banks, which take typically a couple of years between approval and ratification. This transpires to be because they need to raise capital, which they can't start to do until they have ministry approval. This shows that approval from the minister for finance is a big deal, and enough for start-up banks to go out and raise hundreds of millions of capital.

- the second are banks that are maybe a bit unusual, such as interest free banks to serve the islamic community, which took around 1 year from approval to ratification, due to regulatory changes that were required

- the third are established banks that want to start operating in Ethiopia. These banks tend to take one to two months between Ministry Approval and formal ratification.

I would expect that AFC would firmly fall into the third category, and that all regulatory requirements, processes, etc. would already be up to spec to meet the NBE's requirements. I assume that this is what KEFI is referring to when it talks about all documentation being drafted.

Interestingly I also discovered that this process isn't really done by the EG. It is the National Bank of Ethiopia that does the approval process, with the EG ratification really only a rubber stamping exercise that is a formal acknowledgement and a record in the government gazette. It is a process that takes a matter of days.

The process is as follows:

- Ministry Approval

- Preparation for regulatory review

- Final Approval by the National Bank of Ethiopia

- Ratification

The RNS states

"The outstanding conditions precedent of the banks for approving all detailed definitive documents are that the Ethiopian Government formally ratifies the already approved Country Membership of the second bank,"

and

"The Country Membership has already been approved by the relevant Ministry and the relevant documentation for its ratification is already in place, therefore no administrative delays are anticipated. "

So...

- Ministry Approval = done

- Preparation for regulatory review = done

- Final Approval by the National Bank of Ethiopia = no administrative delays anticipated, or possibly this is what is means by "already approved country membership"?

- Ratification = this is a very quick and informal process

Maybe that doesn't really help at all, because we've no idea how long NBE are going to take, or if that stage has already been approved, but maybe it adds some context to the process for some."

DYOR

No I ain't a holder of RRR or WSBN you dumb clown. I made a couple of comments and left.

And take the rest of the hater filth who spend their days posting bile instead of finding shares that they are interested in buying.

Karma will take care of you pathetic crap!

Posted on Telegram kefi Q&A

Q, What has been the cost of investing in GMCO and in TKGM,the book value and the market value?

A,A: Unlike many other companies, KEFI writes off all expenditure in its accounts until the application for a Mining Licence which reflects a decision being made reflecting a development commitment . There is no “right” or “wrong” - this is just our policy which we believe conservative for statutory reporting.

Therefore at KEFI, book value in the statutory accounts is always less than historical expenditure which usually involves extensive exploration, feasibility study, permitting, financing and other costs. 

And, asset market value would be expected to vastly exceed both the historical cost and the reported book value in the statutory accounts - if exploration is successful and/or development studies are positive.

On the other hand, as we all know, stock market values in each different jurisdiction varies on a daily basis from any of these numbers due to any number of factors.

In that context, we provide the following statistics with respect to each of GMCO and TKGM.

GMCO:

Cost was c. $12 million since 2008, accounting book value nil, indicated market value $50-80 million based on the opinions of research analysts who have issued reports.

TKGM:

Cost was c. $50 million since 2014, book value $35 million, indicated market value $495-835 million based on the opinions of the research analysts who have just issued reports.

Posted 14 November 2024

Https://youtu.be/jMfRqYdPAU8?si=HrR_JBREKsX4Mp0d

Buying pressure from where?

All I see is panic selling even though I agree the rns is positive.

If they were sells(at higher than the offer price at the time) the share price would have fell considerably more than it did,has?

It is in the buy column on A D V F N

At 9.24am the price to buy was 0.596p

Posted on Telegram today

"TW,2nd bank,credit committee working full tilt to finish sign off paperwork this week.It might slip into first couple of days of November?"

Looks promising dyor

Please remember,it's not done till it's confirmed in an rns.

Dyor

Posted on Telegram group today

"TW,addressed the lack of rns so far in his bearcast yesterday due to subscriber's emailing him.

Simply put the kefi is very confident as is he.If there was bad news it would have to been rns'd.

Expecting positive news in the coming days accordingto him.

Dyor