Member Info for Crazytowner

There's a lot of them about 1P1

Green box guy posting hundreds of times a month is a perfect example.

Don't see them being around much longer

From the companies 11th March RNS

"Ethiopian Country Membership for the second co-lending bank has been approved at the Ministerial level and is going through Parliamentary Ratification after top-level meetings in Addis Ababa in late February. This is the preferred procedure between countries and their most aligned multilateral development financial institutions. This form of protection places both co-lenders onto the same in-country footing"

Plus 4 seperate mentions of the end of March.

- Definitive Agreements being assembled by 31 March 2025

- Remaining administrative procedures are proceeding in parallel with detailed definitive agreements being assembled by 31 March 2025

- KEFI Founder and Executive Chairman, Harry Anagnostaras-Adams, commented, "The Tulu Kapi Gold Project is proceeding as anticipated, with the approvals received from banks and widespread Government support, and for detailed documentation to be ready 31 March 2025, to trigger full launch as soon as possible thereafter.

- "This is a powerful syndicate for the Project's long-term protection and optimisation. And we are now confident that all external factors support our plan to assemble all definitive documentation by 31 March 2025, and to then expedite drawdowns and Major Works."

Plus updated bids for Saudi by Monday

Happy days

I think everybody realises this is now happening and very close.

RATIFICATION

This will unlock the Finance and have a massive effect on the share price.

In early Feb, Kefi had hoped this would occur in Feb, but have held the position that everything would be ready for signing by the end of March.

Tomorrow is the last meeting of Parliament in March, which is where we think ratification needs to now occur.

SAUDI SALE

Long list of indicative offers received at the end of Feb. Increased offers will now be coming in to include the new JV and licence with a deadline of Monday.

Edison recently value Kefi's share at $100m (excluding new JV & at current prices)

It feels like everything is just about to come together with a big BOOM :)

It is very quiet, the calm before the storm

TW knows it, we know it, we are going to make a fortune, worst kept secret on AIM. :)

It's a shame that TW is no longer posting about Kefi, although totally understandable considering the absolute lunatics that he was being constantly harassed by.

Frustratingly, over the last few months they have made their way onto here.

Suspect he will again once the good news starts rolling in over the coming days / weeks

We'll find out soon enough Alanos.

The noise / interest around investing in Ethiopia is growing so I don't see ratification being outstanding for much longer.

Plus, Kefi were hoping for February, so they obviously believe it is imminent

Just to clarify, I was referring to buying out Saudi as I want Kefi to take Tulu Kapi into production to maximise my returns for life.

Might we see an offer for the whole of Kefi? Its possible. I have always thought we'd see offers mid way through Construction, but it may be in a 3rd parties interest to move before the financing is closed in order to retain 100% of Tulu Kapi.

What would I accept for my Kefi shares right now..... 7p

perhaps artar or han**** unwinding a position in kefi ahead of buying us out

The most recent company updates are that everything is on track and they are comfortable with the ratification process.

Will be nice once ratification is done and this rockets :)

TW has always been extremely positive towards Kefi and its near term multi bag potential.

Its interesting how quiet TW has been this last month or so on Kefi

A JV involving a Billion Dollar company, Co-lenders Board Approvals plus other updates and not a peep from him.

We've seen this before when Kefi have made him an insider ahead of news

Plus next Monday :)

Lets see what happens

Going to be interesting

With ask up in the high 0.5s, More news expected next week & the 50m trade that was holding us back, we might see it

Also from the Edison report

"such that we do not now anticipate any further dilutive equity issues at parent company level in the foreseeable future. Companies on the verge of closing large project financing often have small working capital facilities offered to them as bridging finance support"

Certainly explains why we've struggled to move up over the last few days despite excellent news

This report has been issued by Edison, now 3 weeks after the first round of indicative bids.

I would suggest that they've had some guidance from Kefi / sources on the Saudi sale value.

Very happy with the shape of the number and 0.6 to 1p range

Interesting

Kefi would have anticipated the licence award when setting their dates

Kefi would only have to contribute 7.5% of the licence cost, so immaterial.

This year's cost will likely be rolled up and dealt with in the Sale

Such bizarre trading today

Have to admit Rob, unfiltered and filtered them earlier to see what was being posted this morning following some of the snippets by others.

The idea that GMCO don't apply for licences or The Kingdom of Saudi Arabia delay license allocation because of a 15% minority holder & that our share is being sold on the companies position last November (Pre resource update, new JV with a huge partner and despite Kefi telling us the deadline has been extended to account for these updates) is laughable.

I don't think the poster is a deramper per say. I think it is sadder and that they have lost a significant amount more than they can afford to on Kefi and remain very bitter.

Quite frankly, if they even remotely think the above is how companies operate they should not be investing.

Their points above were so detached from reality that nobody here can debate them, so needless to say, they only escaped the green box for 30 seconds.