Member Info for doze

Hasina and cronies syphoned money from foreign coal import policy so no wonder she went easy on Anu (perhaps she sanctioned the protests) and where did those who pulled the trigger get their orders; educated guesses required. Phulbari is not developed due to the laissez-faire of Indian influence and preference for non management of water(more Indian influence re Teesta) to benefit against flooding and drought instead of catching up with modern technology for water management and cleaner domestic coal to further renewables and a reliable grid.

Modality in the environment post election GP.

There is an election coming up YKIR so it would be sensible to see which way the Government will approach fossil fuels and tailor an MOU to fit.

Consider the Executive Chairman's situation. He loves Ethiopia and wants them to succeed but his MO has always had an element of education for the Ethiopref investors and African fund to tie in with his vision of a thriving mining industry so as KEFIGOLD says many parties with lawyers requiring a new outlook too. HAA should not jeopardise his vision which aligns with KEFI and country.

Could it possibly be that there is an election in February and PC and GCM need to keep options open and be nimble if required which is not possible with an MoU. The new Government will dictate options available.

They need the Teesta project for reservoirs and flood control to open swathes of cultivable land and grow three crops a year. PC and China can do this for them in the north but they will need the mine for it to be feasible.

I thought it reported 4m a minute ago.

A big UT seems odd.

There is nowhere that is not moving to renewables even in the US; Russia maybe the least moving country but coal still in use.

@Ianis

It isa not North Sea oil it is Ethiopian Gold. Perhaps we should tax Apple's profits?

That is the nub of it and to KEFI's advantage for finalising to timescale.

It would have been easy to raise in the market now but HAA helped formulate the market so Ethiopia and Africa can benefit with control and profit.

Those two risks already debated ad infinitum Pierre and nerves calmed.

I expect PC will want to develop the mine their way for efficiency but as far as all the finance goes they like to be under the radar. Delaying MOU is sensible for GCM and PC until a new government lays out policy and ground rules. FDI will be attracted whatever decision is taken but where the profits flow and who will have the licence will have to wait.

I expect a quote on the new Ethiopian stock exchange has to be organised for the two new entities which are to be subdivisions of KEFI and delaying finalising deal. Also which equity the $50 m wants to target and how much equity % will the money buy. If streaming is anything to go by it could be 5% for the full 50.

I don't think I will tell the board the 28 other stocks I am in.

The RNS is about TKGM cash not KEFI's. No money in it for Saudi business. I am happy that the first Ethiopian project is to be well financed for a smooth development which should be facilitated as a consequence.

Deedee1: don't type out the header in new message just press reply I was responding to ericnat17

Isn't detail of erms new or did I not do DD-probably not but streamer buying at 20% is a good deal and matches our expectation for uplift in SP on production: 7.5p? Ethioprefs to get 15%interest - quite nice.

The Ethiopian Government could apply pressure so the parties finalising to not overplay their hand, more poker than roulette and KEFI has to be able to make decent profits for its future prospects and the syndicate.