TK finance sign off12 Feb 2025 11:26
If we are to believe the statements in the RNS (4 Feb 2025) a major re rate of the share price is almost upon us!
'The Company has now received sufficient expressions of interest in the EthioBonds in alignment with the updated finance plan. Preparations are advancing for the local listing of these bonds'. Potential for delay?
'With the funding package and timing now established, the formalities of confirmations are now underway including Ethiopian parliamentary ratification of AFC membership, currently targeted for February 2025, last minute checks of prices, terms and conditions for the Construction and Mining Services Agreements are underway and targeted for March. Similarly, the subsequent insurance process has commenced, as has the assembly of a panel of underwriters.' Again, lots of moving parts!
'The final definitive documentation is on track to be ready for signing by the end of March 2025, and as soon as these necessary certifications are completed along with consequential syndicate Board ratifications.' Well, lets just sit back and await that transformational RNS......