Member Info for Crazytowner

TW expecting to treble his money within 6 weeks and may well continue holding for the rediculous cash kefi will deliver as a producing mine

Am personally expecting 5 to 10 times from this level on financial close and Saudi sale

I remember TW saying that he had been made aware of the last raise prior to it occurring.

If it wasnt a secret then I am sure shorts were opened as it was hitting 0.7 right before the raise.

It does help explain why we subsequently fell so far below the 0.55 raise price.

The reverse is that this will explode up on ratification and shorts closing

Very happy to hear those closing words in the proactive interview

Ratifications by Governments and Banks on track for this month then

Happy Days

Resource updates tend to do very little in the way of buying if they are in line with expectations. And we already know the scale and potential of the Saudi assets.

What this does do is firm up the starting point for the interested parties who are already in the data room

Fair market value of our 15% share established at the end of this month and sold to Artar end of next month.

No further dilution to Kefi holders and enough cash to prove up our new licence areas

Wow, that's some update.

Great that these numbers are now signed off ahead of the of the asset sale.

PM Abiy Holds Candid, Productive Discussion with Deputy Prime Minister of UK

He added as we look ahead, our partnership will continue to evolve, expanding beyond politics and diplomacy to include greater business and economic collaboration.

UK Deputy PM is in Ethiopia at the moment, gold at $2,900, AFC ratification, Bank Board funding ratification and Saudi offers all expected by the end of this month.

Burgesb,

Myself and many others here are going to be enjoying luxury cars, villas, holidays and so much more.

Meanwhile your mum will be will still be dropping you at work whilst you rock back and forth mumbling incoherently about Harry.

I really don't like people losing money, but there are a few on here that make me smile

Addis Ababa, February 14, 2025 (ENA)—“We have strong confidence that Ethiopia will be the land of progress,” UN Secretary-General António Guterres underscored.

"Final Board Ratification by Banks upon Parliamentary ratification of AFC Membership, Target Feb 2025"

So Parliamentary Ratification 18th or 20th of February

And Banks Boards Ratification 24th to 28th of February

Plus initial Saudi offers by 28th February

Have purchased more here over the last few weeks and is definitely not the time to be out.

So much money to be made here in the short and medium term

Plus the fact Kefi stated at the beginning of this month that it is targeting the Banks boards ratifying the finance agreement by the end of this month implies that parliamentary ratification of AFC will need to occur next week.

That ratification will be massive for the share price

With AFC Ratification looking most likely planned for next Tuesday or Thursday i'm expecting a most rise tomorrow and a sizeable shift on Monday

Kefi's latest presentation gives an NPV of $1.4bn at production start using a gold price of $2,800

That equates to about 10p per share (USD to GBP 1.25, 80% Our Share, 8bn Shares in issue)

x20 from here for Tulu Kapi alone with a lot of room for betterment

From the latest presentation (3rd Feb) Kefi is anticipating 2 key items to be completed in February.

"Final Board Ratification by Banks upon Parliamentary ratification of AFC Membership, Target Feb 2025"

As the board ratification can only be completed once parliament has ratified AFC membership, it would indicate that the parliamentary is expected within the next week or so.

Manu, you are obviously correct that no money has come in to date. However, when it does start to flow ...... Wow

Very very rough figures / estimates of cash receipts below

2025 = 120m Financing

2026 = 120m Financing + 196m Income

2027 = 400m

2028 = 400m

2029 to 2034 = 550m per annum

We are all here to make money, seems to me that there is a tremendous amount to be made here

I'd also expect the news of ratification to be posted on here prior to an RNS

(Similar to the legal case victory)

Parliament ratification will cause the share price to fly.

Kefi wouldnt be saying February unless they had been advised of this.

The first we will hear about the ratification is after it has occurred, and this could be at any time

The chunky buying is looking very promising.

The ask has been moving up on Level 2 this morning

Will be interesting to see how the share behaves around the last raise price of 0.55