Member Info for Fantasy

Morning sharezy - didn't realise that I was famous :) Whilst I agree constant negative is not good... Why do you think Kefi's share price is still in the 0.60s? Share price is reflecting the reality of delivery from HAA and his BODs. They haven't quite delivered what they promised to us, just yet. I am sure the share price will reflect when we get the full funding approval and funds in the account or when we drawdown. I am still holding and hoping for the best.. GL

I agree, I had been one of the biggest critics of HAA.. :) Please continue to have me in the filter..

Ready made filter list:

Fukutu, ajs8220, manu17, TheCondorMan, LoveLosses, Fantasy, UPshunt, TheMagnacarta

Magnacarta - you joined LSE on 17-Jul, with 75% of your posts in Kefi. Nothing wrong with it.

Thanks for enlightening us on Africa/Ethiopia's risk.. I know Kefi for the last 10 years.. Been through couple of state of emergencies.. what you are quoting below are risks, not worth talking about :)

There is always risk with any region, more so in Africa.. I am ok with the risk, but I am not OK with HAA's performance.. as usual dragging his feet...

Magnacarta - certain inflation was already account for the financials.. instead of screaming about inflation and incorrectly shouting as if all costs are wrong.. the question to ask is "what % of inflation was assumed in the calculations".. You may be very intelligent, but others are equally not that stupid.. :) GL

One way to escape from Vast is to sell on the next pump and move on.. by averaging down, you are throwing good money over the bad... Look at AP, he is very happy - because this is a lifestyle company. He was all enthusiastic when he started but over the last 4-5 years he hasn't delivered anything meaningful. he is a BS master - not fit for the job.

When did this guy 1st buy into vast and what price? why is he still buying it? How else he makes money? :) GL

Instead of playing.. seriously.. playing with vast investors.. playing with investor's money.. literally playing video car games? can vast and the team do some work? if they do, we won't be here... this is the best lifestyle company? :)

Please do some research and find out who this character is? :)

Seriously who is buying this dog.. AP had been the worst CEO in aim, from 55p to 0.1p.. that is 99.81% of value of the company in his time and still people believe his BS stories.. from the maniala trucks, BP production, Zim diamonds and all other wheeling and dealings he has done to keep the amusements going..

Only people who make money is the ones who take part in placings.. with usual pump and dump.. Many genuine holders have made huge losses in VAST..

GL

Rob - KEFI share price will do nothing if HAA does nothing... doesn't matter where the gold price is... Gold price was at $1100 to $1200 / oz when this all started with KEFI... HAA is still huffing and puffing... to get this over the line... but needs cash on his back pocket and run.. :) great work HAA..

Simms - you are waking up to HAA BS?? The man needs to go.. If he had left 3-4 years ago, we would have been in better place.. :)

Lets see what HAA delivers in Jul-24, the same old BS or something useful to increase the share value.

GL

HAA can either step up or he can leave.. :)

DVH - many were trying to trade this morning.. :) some would have been successful and some would have been locked out or need to higher price... when the finance is fully closed and when we drawndown, I would expect to see 1.5p to 2p here at Kefi for a starter.. GL

Good move :)

Yes drawdown will be in incremental steps.. but you can’t drawdown until all the conditions precedent are satisfied.. and Execution of definitive detailed documentation.. both of which appears to be administrative..

Yep, I was expecting a separate rns on finance.. my only negative is draw down in oct-24.., which means funds won’t be available until then? That seems to be linked to policing and security?

Https://www.investegate.co.uk/announcement/rns/kefi-gold-and-copper--kefi/tulu-kapi-gold-project-launched/8206943

20 May 2024

KEFI Gold and Copper plc

("KEFI" or the "Company")

Tulu Kapi Gold Project Launched

KEFI (AIM: KEFI), the gold and copper exploration and development company focused on the Arabian-Nubian Shield with a pipeline of projects in the Federal Democratic Republic of Ethiopia, and the Kingdom of Saudi Arabia, is pleased to advise the Board of Tulu Kapi Gold Mines ("TKGM") has formally launched the Project.

The TKGM Board includes representatives from both KEFI and the Ethiopian Federal and Oromia Regional Governments. This decision to launch Tulu Kapi follows deployment of dedicated site policing and the conditional confirmations that quickly ensued from all members of the Project's finance syndicate.

An updated corporate presentation will be uploaded to the company website and includes a summary of Early Works, Major Works, Key Milestones, Finance Plan and Key Economic Metrics which are summarised below.

Early Works until September 2024:

· Completion of preparation for community resettlement;

· Detailed engineering for procurement;

· Community consultations on social development plans; and

· Recruitment and other organisational development.

Concurrent closing of project financing:

· Independent monitoring over the next few months that Early Works' field activities progress on schedule under the newly established policing and related safety protection systems;

· Satisfaction of all other conditions precedent, all usual for such a transaction and mostly administrative;

· Execution of definitive detailed documentation; and

· Drawdown of financing syndicate equity-risk capital October 2024 to mid-2025 followed by debt capital.

Major Works from October 2024:

· Procurement and fabrication of plant internationally;

· Resettlement of community;

· Site earthworks;

· Grade-control drilling;

· Transportation to site and assembly of plant and associated infrastructure;

· Mining; and

· Definitive Feasibility Study (DFS) on underground mine.

Finance Plan includes:

· Debt Risk Capital:

o US$190 million secured debt from the development banks.

· Equity Risk Capital, excluding historical investment of c. US$100 million sourced from KEFI's shareholders:

o US$110 million Equity Risk Note sourced by KEFI from Ethiopian subsidiaries of multinational corporations, repayable in cash or, at KEFI's election, with KEFI shares issued at market prices (VWAP) in the second year of production; and

o US$20 million TKGM share subscriptions from Federal and Regional Government.

Key Economic Metrics, using the same financial model and underlying metrics reported in the recent Quarterly Update - see announcement 13 May 2024:

· Employment: approximately 1,000 direct jobs and 5,000-10,000 indirect jobs;

· Foreign Direct Investment of approximately $500 million including historical investment;

· At c

Paul - 3rd or option c - all of the above... :)

Honestly I won't be surprised if HAA manages to do a placement at the same time announcing TK finance.. I am sceptical and the same time little bit more than hopeful that the TK funding will be sorted this time around.. :) I am continuing to hold.. GL

It will take ~2 years to be in the 4s... :) Good luck with your entry..

"No panic here i won't buy until it drops back into the fours"