Member Info for EthiopiaInvestor

I am astonished by the board’s total disregard for capital conservation. A disciplined mine developer treats capital as a precious resource, especially when a project has zero operational timeline buffer.

The fact that Harry completely avoided saying ‘yes, we are taking measures to conserve capital’ proves that management has absolutely no intention of slowing down their spending habits.

They are operating as if the printing press for cheap, highly discounted private placements will stay open forever, leaving retail holders to take one hundred per cent of the constant equity erosion.

https://www.engageinvestor.com/event/6a2ab276b00a7fa29aa12e7b#event-media

Every time someone so much as questions the bigwigs at KEFI, this Sleazy (Sharezy) character hurls herself back into the thread with her knickers in a full twist, shrieking as though a mild observation were a personal slight. It’s the same tired routine: no facts, no analysis, just this odd, knee‑jerk defence of management, as if she’s guarding the gates of some sacred temple rather than a company that has spent a decade missing its own timelines.

Concerned shareholders raise legitimate points, and up pops Sleazy again, flapping about, policing the tone, and trying to smother anything that fails to flatter her narrative. She does not get to dictate what shareholders can or cannot say. You would think she was on the payroll the way she leaps to shield Harry from even the faintest whiff of scrutiny.

Dismissing the 74% figure as 'not really institutional' is disingenuous. Both the official shareholder breakdown and independent financial analysis confirm KEFI is institutionally dominated. The fact that credible institutions have repeatedly funded KEFI is not just a 'vote of confidence'—it’s the strongest possible validation of the company’s long-term prospects. Just my perspective, but the evidence seems quite clear.

https://simplywall.st/stocks/gb/materials/aim-kefi/kefi-gold-and-copper-shares/news/with-74-ownership-in-kefi-gold-and-copper-plc-lonkefi-instit

KEFI has secured a $240 million debt package for its Tulu Kapi Gold Project in Ethiopia, locking in the cornerstone of a $340 million financing plan. With construction already underway, strong institutional and government backing, and sector-low costs, the project is positioned for first gold in 2027 and potentially transformative cashflow at current gold prices.

https://www.addisinsight.net/2025/10/22/kefi-finalizes-240-million-financing-for-ethiopias-tulu-kapi-gold-project/

Https://www.investing.com/news/company-news/kefi-gold-and-copper-secures-240-million-debt-offering-for-tulu-kapi-93CH-4297459

"Gold has rarely glittered so brightly. The precious metal now trades above $4,100 (£3,390) an ounce, and analysts at Société Générale think it could climb as high as $5,000 (£3,769) by the end of 2026. Investors continue to pour into exchange-traded funds backed by bullion, while central banks keep adding to their hoards."

https://www.thearmchairtrader.com/commodities/societe-generale-analysts-forecast-5000-gold/

Https://www.fxstreet.com/analysis/metals-are-on-fire-gold-4200-silver-51-2026-supercycle-is-here-202510150711

Https://www.ecofinagency.com/news-industry/1310-49504-kefi-gold-and-copper-nears-240-million-financing-for-ethiopian-gold-project

Eritrea has dismissed an accusation by Ethiopia that it is preparing to launch a war as provocative sabre-rattling. Almonty Industries Inc which is up about 800% in 1 year with a market cap over $2 billion. Their tungsten mine is based in South Korea which constantly faces provactive sabre-rattling from North Korea.

https://www.youtube.com/watch?v=5TYMGvbL3ok

"Ethiopia’s advantage lies in untapped reserves. Investors entering early may gain access to opportunities that are scarce in South Africa’s saturated market."

https://tourhubethiopia.com/ethiopia-mining-industry-vs-africa/

Https://www.youtube.com/watch?v=no4DrQmEmVg

Https://www.reuters.com/markets/commodities/billionaire-investor-john-paulson-sees-gold-near-5000-by-2028-2025-04-29/

Moving forward, Ethiopia is in the driver's seat in regards to improving its investment attractiveness index ranking. The Ethiopian government is implementing macroeconomic reforms and opening key sectors to foreign participation to improve the investment climate and attract foreign direct investment (FDI).

Economic Growth: Ethiopia's economy is projected to grow by 7.2% in 2025, exceeding the Sub-Saharan average. The average real GDP growth is projected at 8% from 2025 to 2029.

Untapped potential: Ethiopia possesses significant natural and human capital.

https://allafrica.com/stories/202412110126.html

Rasoolb, those two BIG late buys for #KEFI Gold & Copper are most likely institutional buyers.

https://www.theassay.com/uncategorized/kefi-gold-and-copper-secures-institutional-backing-in-7-6m-placing/

"For a cash-vulnerable company like Kefi, the final stages of financing are often the most precarious and risk-prone for a deal falling through, especially with predatory lenders demanding concessions. While late-stage deals are generally seen as less risky than early-stage ones for healthier companies, the combination of Kefi's specific financial precarity and the leverage lenders gain in the final negotiations dramatically increases the chances of an adverse outcome."

https://www.investopedia.com/terms/p/predatory_lending.asp

Ethiopia Ranks last globally in mining investment attractiveness, report shows. The ranking could potentially delay or impact the terms of the financing deal.

"Ethiopia has been ranked as the least attractive country for mining investment in the world, according to the “2024 Annual Mining Companies Survey” released on July 29, 2025, by the Canada-based Fraser Institute. The comprehensive report, which evaluated 82 jurisdictions globally, placed Ethiopia at the very bottom in terms of mineral exploration and investment appeal, highlighting critical challenges related to policy stability and transparency."

https://capitalethiopia.com/2025/08/03/ethiopia-ranks-last-globally-in-mining-investment-attractiveness-report-shows/

Ethiopia's low mining ranking, while negative for the country's overall investment climate, has not completely deterred KEFI's Tulu Kapi project, though it has likely contributed to significant delays.

Investors and lenders would likely scrutinize the project more closely due to the perceived risks associated with Ethiopia's policy environment and governance challenges.

https://ethiopianpolicy.com/2025/07/30/ethiopia-ranks-last-in-global-mining-rankings/

"Ethiopia has been ranked as the least attractive country for mining investment in the world, according to the “2024 Annual Mining Companies Survey” released on July 29, 2025, by the Canada-based Fraser Institute. The comprehensive report, which evaluated 82 jurisdictions globally, placed Ethiopia at the very bottom in terms of mineral exploration and investment appeal, highlighting critical challenges related to policy stability and transparency."

https://capitalethiopia.com/2025/08/03/ethiopia-ranks-last-globally-in-mining-investment-attractiveness-report-shows/

International lenders are highly sensitive to political instability. Renewed conflict would likely cause them to reassess Ethiopia's country risk, potentially freezing or canceling loan agreements until the situation stabilizes.

https://www.thereporterethiopia.com/41254/

Https://worldview.stratfor.com/article/ethiopias-tigray-region-faces-brewing-storm-amid-shifting-alliances