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Cash in the bank has never been a big mover. Visible progress will be more positive and Cleghorn and Brand will gel nicely with BCM able to provide immediate liquidity hopefully and bank money eventually starts to be called for.

I wonder whether Rayner will get an invite to follow up her visit to Addis Ababa. Good to see HAA using his diplomatic status as it will now carry more weight as KEFI strengthens operations.

As soon as MMs have to start settling buys for institutions greed will set in with PIs and the SP will not be containable. All that is needed is for the new financial regimen of EG to bite and HAA and KEFI to announce meaningful achievement on the ground post signing ceremonies to underscore the credible status.

Final comments there Crazytowner

"Furthermore, the state minster explained that the proposed proclamation for Ethiopia to become a member of the African Finance Corporation would help to increase the country's financial capacity and expand options.

In particular, it plays a huge role in easing the financial problems observed in mining, industry, and similar investments. "

If PIs are still in the red a lot won't cheer up until in the black which is a drag on sentiment on a bb

There seems to be an aversion to loading up with KEFI stock by the city which is hurting HAA's hard work. They need to pile in and take advantage of the low SP and boost it and give Rayner's visit some support and banish the vanity tag.

I should put your feet up Stebo while you wait for ratification and then see where that takes discussions. I appreciate the realistic forecasts you provide but it is tedious having the repetitions of Bonkers and there is no point trying to build a bridge over a chasm.

I expect BCM who are moving their diggers to the safer jurisdiction of Ethiopia will have a sizeable security presence of their own.

I said they would not play fair when no placing to organise for bigger returns. No instis to steady things so they have fun with PIs.

HAA is not going to dilute; he is aligned with us.

I expect the nomad and pals will not be playing KEFI fairly as they don't have much to gain apart from larger % on trades and this might have an effect on trades in the pipeline.

Only guessing so as not to be surprised at SP action.

Could be timing everything for a grand prime ministerial announcement to launch the mine and coincide with ratification and HAA invited to attend the parliament session, after all, it would be merited.

🚀

I am in the middle of a bed and isa

4121192462 : I put the number in a search and the article came up. Cheers Bear, a comprehensive summary guaranteed to light the fuse.

HAA was never going to be the COO and he has appointed one to show the world and Ethiopia that he is serious about challenges which in the OPM are about as minimal as they come.

I would have appreciated HAA telling me their Ethiopia's$20m and Ethiopref bonds raise would happen first Stebo; maybe he will get round to it in confirmation as it does remove risk.

Sunday musings:

Funds will be drawn from the lenders in an ad hoc fashion and the new COO will be in charge I expect. We have to hope all runs smoothly and if it does an initial rise will retreat and as he proves competent the SP will start to rocket as refined gold looms over the horizon.

It is obviously paramount the parliament ratify now and it is apparently in train and if the dates start being met by KEFI HAA could well hang on to Saudi licence.

Conservatively an initial spike to 2p and a build up as production approaches to 5 to 10 depending on Saudi developments for the higher figure if it gets retained. Gold delivery and development of a £bn entity is 25x£40m or 12.5p/share plus saudi value if still ours.

N.b., n.b., the vid Mr B ! Excellent analysis.

How could HAA advance the project without him being a well paid top executive that can rub shoulders with decision makers in Africa. He was recently on a panel with a couple of full on western capitalist fund/investment reps who could not say anything about the difficulties to be overcome like he did or anything about how they were working within the system.

I think his attendance at all the forums and conferences have helped bring Africa to a new investment space with Ethiopia in the forefront of keeping African wealth in Africa.

As far as all the rns are concerned they all reflect HAA's personality of positivity and the message was welcomed by positive investors. The regular positivity however was mainly for the African parties in negotiation and the brokers and their clients otherwise how would he keep the show on the road.

Posting historical rns messages and slating HAA should be looked at by the perpetrators in the above light. The psyche is damaged by negativity and you have to learn to live with the slings and arrows of outrageous fortune in life.