Member Info for ericnat17

I would say that funding is identified with the umbrella agreement. It will only be secured when the EG meet the criteria set out in the RNS. Then individual agreements will be signed.

1 umbrella
2 EG make/commit to outstanding actions
3 individual agreement
4 funding secured.

If EG don’t make the change then no money

I have got plenty of concerns….I am sure you do not want to hear them all, but I will start with this. Let me know if you would like some more concerns voiced.

Appears that the OLA are staying put in the TK region. This from a couple of hours ago.

https://twitter.com/gutug18/status/1536925075168960513?s=21&t=3xYQusdEQD8j_h6oWekW1g

This is one of the concerns from the RNS.

“ various other Project matters and protections for the banks, such as registration of historical costs, exploration rights in the areas worked by KEFI and from within which the Tulu Kapi mine development was successfully planned”

Sounds as though we still need to have EG recognise fundamentals such as previous costs and license rights…..

The umbrella agreement will demonstrate to the EG that if all conditions are meet then further contracts will be signed. Those conditions are the important thing here, they appear to have grown somewhat

o security protection on transport routes as well as at the Project sites;

o insurance policies;

o registration of mortgages and direct agreements between the banks and Government; and

o the remaining few Government tasks, including confirming security arrangements and confirmations of various other Project matters and protections for the banks, such as registration of historical costs, exploration rights in the areas worked by KEFI and from within which the Tulu Kapi mine development was successfully planned, details of international bank accounts for clearing development and operational fund flows as approved by the central bank and confirmation the two lending banks have the same terms of engagement.

Hi Rob

This is also in Gimbi this is from this morning.

https://twitter.com/bijiga_defa/status/1536657464808308737?s=21&t=s_tI-I8fwu3l0_9Agwp-JA

And Gimbi is our closet town I think

https://addisfortune.news/state-to-electrify-tulu-kapi-gold-mine/

Or have a look at this on twitter, looks like they have. Bit of an offensive started this morning

#OromoLiberationArmy

Scroll down

https://www.bbc.co.uk/news/live/world-africa-61177536?ns_mchannel=social&ns_source=twitter&ns_campaign=bbc_live&ns_linkname=62a82d6d32686a6e65aef71c%26Ghana%20suspends%20policemen%20over%20student%20protest%20crackdown%262022-06-14T08%3A37%3A10.862Z&ns_fee=0&pinned_post_locator=urn:asset:7c9d87ab-8840-41e2-8be1-90fa9d02758b&pinned_post_asset_id=62a82d6d32686a6e65aef71c&pinned_post_type=share

I think Tulu ****** is in the Oromia region?

Is this just another storm in a tea cup?

Separatist forces enter Ethiopian regional capital - BBC

Armed men entered parts of a major city in western Ethiopia and engaged in fighting for four hours, officials say.

Earlier, residents in Gambela city, the capital of the region of the same name, said offices and business were closed due to the intensified fighting.

The regional government says its security forces have regained control of parts of the city from fighters belonging to the Oromo Liberation Army (OLA) and the Gambela Liberation Front.

A statement added that there have been causalities on both sides without providing numbers.

Some of the fighting was around the regional president’s office, according to residents.

Fighting has also been reported in towns in the neighbouring region of Oromia.

An OLA spokesperson had earlier tweeted that "a joint operation" between his group and the Gambela Liberation Front was under way in Gambela.

General market downturn

L2 12v 16 with MM dropping

And Gambella will not help the SP in the short term.

L2 looking pretty good now.
18v 14 with MM moving up also

L2 MM moved up and positive with 15v14

Warrants are equity funding

Funding is very likely to be provided by the warrants. This has been stated by the company. It is part of the previous raise and part of the plan. That is what is referring to.

Looks like focus to mining in a big way

https://press.et/herald/?p=55223

The Directors expect that as milestones are achieved, the Company's share price should naturally narrow the gap between the Company's market capitalisation and what we believe to be the significantly higher fundamental valuations of the Company's projects using conventional measures such as NPV.

Ethiopia to receive $200 million financial assistance from World Bank: official

All positive developments

https://newsaf.cgtn.com/news/2022-06-02/Ethiopia-to-receive-200-million-financial-assistance-from-World-Bank-1awmOV3ifhC/index.html

Now 17v13

L2 17v14

The most positive it has been in a long time. Any sells are being moped up. Just a waiting game now. A bit of patience.

Thanks tilly

Hi Tillywhiz

Where do you get your stock on loan data from? Thanks

Eric