Member Info for Crazytowner

I don't plan to sell any.

Am expecting many positive updates over the next year which will all add value

Will get attention from the leaderboard, people who aren't aware of KEFI will check recent rns and realise what a bargain it currenly is

You just have to look at the size of the trades going through now, this is the start of the long overdue re-rate

Bid just hit 0.69p, looks like its game on :)

If buying continues as it is we could be touching on 0.7p today

Which let's be honest, we should be well past by now anyway

It's been buys all day in decent quantities

Lead bank re-approval and second bank ratification really could occur at anytime

The Bid is increasing and the Ask volumes are being chipped away at.

Not really surprising as those 40m plus shares will have moved from trading to strong hands

Whoever picked up the 40m plus shares at 0.6p as some panicked must be laughing their proverbial off today.

This is such an important project for everybody, i don't see this dragging out to the end of the quarter.

A short but sweet interview

Harry looks well and all parties clearly on board

I remember Ben Graham going on about how important Saudi is for Kefi but personally always felt it was a distraction to the true prize (Ethiopia).

Kefi will always be a minority partner in anything Saudi related and will always be heavily reliant on a Saudi partner to do anything there.

My view is that if the opportunity arises, sell our share to the partner for a decentish / fair value and focus on Ethiopia where we can be a long term major company.

Hence why i would not sell TK for anything less than 10p

I wouldn't take 5p for TK now or ever!

Firstly because in is worth substantially more in the short term:

- Its not a complicated mine / operation

- The gold outlook is incredible

- Underground option feasible

- Possibility of nameplate / throughput capacity increase

- A great financing package imminent

- Open at depth

- Extremely quick debt repayment

- Low cost

- Operational in 18 months

And Secondly:

To truly take advantage as a first mover / first cab off the rank and have the advantage of licence areas, Governement officials, supply chain, labour force.... an Operational Presence is extremely beneficial

Interesting to note who has liked the Linkedin post.

i.e. Managers & Senior Coverage officers from the lead bank (Trade & Development Bank TDB)

I don't think it is a coincidence that Harry met with the Ethiopian State Minister of Fiscal Policy & Public Finance along with the Africa Finance Corporation (AFC) President today.

We know from todays RNS that the Ethiopian Government needs to formally ratify the already approved Country Membership of Africa Finance Corporation (AFC)

I suspect this ratification is going to happen very quickly now that AFC has granted credit approval

Level 2 is beginning to shift upward as the bed wetters who panicked and sold allowing the big buys to be filled make way for the investors who realise how good todays RNS actually is

It is clearly a buy and is represents 0.7% of the company (Shares in Issue + Warrants)

The second bank approval, improved finance package and updated project economics will enable and attract more significant purchases.

The presentation is available on the Web site now (went up at the same time as the RNS)

Similar format to previous ones and makes a compelling investment case.

The huge buys earlier today show confidence. Am expecting to see more of these over the coming weeks as institutions start to take positions.

Generally institutions would get an "in" at the project financing stage, but the shape of the financing package means they will have to buy on the open market

TW very happy with RNS,

Made an insider on this yesterday

Bank 1 would have already given blessing before Kefi approached bank 2

He's very comfortable and confident

Buried Treasure,

All parties will have been aware and involved in the discussions on changing the debt element.

I think it is extremely likely that this extra debt is being provided by the second bank and that the Ethiopian Government has been awaiting for this Credit Approval (Commitment to invest in the country) before ratifying Country Membership.

Now it's happened, i think the extra signatures will occur quickly

Some posters were doubting the first banks approval, more recently the second banks approval, now all they have left is to try to instill fear by using the dreaded "placing imminent". Whilst one can never be ruled out, KEFI's actions imply one is extremely unlikely until we are at a significantly higher price.

- It is clear that that the increase in debt finance has caused the current small delay. Quite simply, Any significant raise at the current share price would negate the benefit of the increased debt, so it wouldn't have been worth pursuing.

- Kefi has bridging and short term financing options available to them. They won't have any issue extending and increasing these to cover an extra month of Early works cost off the back of the details in todays RNS.

I think we will see these final hurdles cleared pretty quickly now the second bank has approved

Furthermore,they will have no problem with extending / increasing their bridging loan off the back of the second bank approval and current advanced state of the financing package.

No chance of a placing in my opinion