Member Info for doze

I am not worried about anything, it is just a likely means to preserve shareholder support and maintain 80% while expanding the business.

His big out is to contrast with staying involved as to go would be detrimental and mean the funding was for his short term profit after funding.

I am not ignorant to the usual process for juniors and am invested on that basis as my dividend idea is highly unlikely to happen but if it was with merit maybe it would be considered and also give HAA continued big pay days. The idea grows out of the funding benefit rewarding shareholders and HAA is a shareholder who has been handsomely rewarded and we haven't. He could through the idea continue to be rewarded and actually it has parallels with nectar Londuke.

The main point EL is my admiration for HAA getting funding but if it was just for his big out then we are not benefitting.

KEFI is a singular case with no comparables. Shareholders have supported the raises out of which he has been paid and now the EG is fully behind KEFI but if HAA cannot establish a strong grip on decisions because KEFI gets the 80% eroded the EG will not have the same relationship and liking for KEFI and we will not be treated so well. I believe KEFI can forge its own future but HAA may waver on this so rewarding shareholders aswell as himself (already done) will secure the best future.

MF2017; I can move on quicker if my points were recognised, the main one being HAA has done a lot of good work resulting in preserving 80% interest in KEFI. I look to the future to see how this will be preserved and votes are the main way. A primary bid raise means shareholders could be given priority and so preserve their % holding while others could take the dividend and get diluted-their choice. If a dividend is not offered the future could mean predation of the benefit garnered by HAA with his bank finance etc. model and my holding having the power brokers in the industry keep taking their fees/%s. Anyway I can see sharks taking bites and I generally time an exit badly as I invest rather than trade. There will be many calls for more capital from profits or new investors and if production is good the shareholders could provide it all.

HAA has spent a lot of time planning the controlling interest but if this was purely for a one off uplift and subsequent putting KEFI in play (which all agree is bad as HAA is KEFI) then shareholders are going to miss out as the takeover would not reflect the future enough.

The best way to prevent this would be for HAA to reward shareholders to keep them loyal with a raise post funding for both exigencies and a dividend for shareholders which would help maintain the loyalty of the same and avoid games being played over ownership. I also think the EG will reward a steady ship and even though HAA is retirement age he could stay on as a non exec to realise the shared vision the EG and HAA might currently have for KEFI.

IIs are ok until they see the colour of a big miner's money I suspect.

Bottom line; with an elderly board and many irons in the fire- post funding the fire might be too hot without maintaining that % control which keeps things calm and steady to produce the gold etc. and guarantee shareholder support from a larger number of holders to become a medium sized miner rewarding them and HAA in his retirement. You might think a raise for this purpose is silly but it is no different to giving mates rates to the industry players who are just taking money out of KEFI, loyal shareholders will participate in raises for no discount or fees and the funding regime set up can continue.

The Chinese showing interest in GMCO and then looking at KEFI probably galvanised the EG to sort out the neighbouring licence to show them the door.

You haven't really appreciated my reasoning there. HAA has been paying himself from fund raises in order to have time to do work on keeping equity for existing shareholders. Normally fund raises would be for progressing mine build but KEFI has been a special case where the fund raise has been to secure outside funding which will result in a rise in the MC but we still have to wait for a mine to have profits.

ElectricLion, I am basing my dividend thinking partly on the MC because HAA admits equity placings have enabled him to have the space to arrange funding and he has rewarded himself for his efforts and I presume he would like to reward shareholders. Another raise! maybe at higher SP could include a dividend pay out while adding value for shareholders who bought cheaper than the raise. Paying out of funding would not be sanctioned.

I was thinking about consolidation to temper my expectation of say a special div of .5p. I wondered, if a 1 for 100 consolidation took place would I get 50p and thought my expectation of 50p would be a bit excessive. 1 for 1000; £5

Could the mid-price of the broker doing the deal have been below lse mid-price who therefore print it as unknown and also why all sells can be buys when reported live. MMs controlling the market.

Re the header- I can't see a delay of a party or more delaying sign off by more than the days necessary to clear up problem causing it. Lawyers at this stage will probably cut some slack if presented with good reasons for a slight delay and would not risk falling foul of the EG.

'He wouldn't bet the house that the exact timing for funding as stated in the presentation will be hit' but who would dealing in Africa. Everyone should know that but things will hopefully improve with good regulation to provide a road map for miners. The presentation was at the invitation of the Ethiopian Government keen to kick start mining there so HAA did some useful slides for them but took the opportunity to update on KEFI. Why not.

TW expects timeous happenings in Africa? HAA has exercised extraordinary patience with them and managed to educate and help develop the seeds of mining success. I expect I would be harsher if invested as long as he has recommended the share. I am undecided how long to hold but hope the SP will be at a higher level to afford a leisurely dither. GMCO might help decide.

Rob on 15/5 but obviously had to be timed for AGM assembly when HAA in London.

https://x.com/ETEmbassyLDN/status/1923107863662133574

https://www.kefi-goldandcopper.com/files/announcements/kefi-tk-update-16-july-25-final.pdf

'The next few weeks are expected to deliver more material milestones and enable the full launch of Tulu

Kapi. I look forward to providing further updates as appropriate.'

Any tough questions on remuneration will probably be drowned out by the current positive developments. A few more developmental RNSs will underline a stronger SP. Good luck for the AGM.

Https://www.kefi-goldandcopper.com/files/presentations/kefi-ethiopian-embassy-presentation-16july25.pdf

I did think this was a great development.

I have the feeling the EG are good at business eg constructing the dam, having a corridor to a port and generally dealing with their neighbours at arms length. Dealings at the highest level are very positive for seeing things to a successful mine build.

Https://www.express.co.uk/news/world/2079265/panic-egypt-huge-african-dam-water-supply

It is great; reverting to rnss for news.

The MCs of those CMA builders totalled is £22.28 bn plus Bloor Homes. They are to contribute £100m to charity for those on the lowest rung or 0.44% of their MC. to break the habit of rigging the market to maintain the cartel. Peanuts for correcting the market will not achieve anything- what is the proportion of households needing affordable housing in the country?

Quite right Pokerchips. We will never cater for the poor immigrants or indigenous (!) without cheaper methods. The worlds resources only get scarcer.

The clever insight from posters much appreciated on this topic. KEFI have been instrumental in raising the profile and educating Africa on mining necessities and I have to hope are in some way pulling the strings in the background with it's inside track. The SP still creates a fingers crossed stance which doesn't seem right now. HAA is hoping for greater application of mining law to give certainty in Africa which must have something to do with it.