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Or there is a background seller - around 1.45p; offloading.. :)

Great to hear SB - 2026 will be life changing, when we start to drawdown.... :)

1.34 or 1.4 m trades are not necessarily big trades - someone trading the tight spread in my view.. or HAA is cooking up something.. GLA

Hi SB - how are you doing? must be happy with the share price; all positive from your side? :)

Sharezy - 🙂 GL

Shortarm - lots of rampers and derampers in every share, doing what they want to do. And I am not looking for validation of my views.

I am positive of the progress HAA has made - but he can come out and lay out the timing more clearly to shareholders. He has failed us many times. Although another 2 weeks (absolutely nothing) compared to how long I held Kefi for - the way HAA communicates is very disrespectful to many of the long term holders.

It’s not about the delay of the complex deal but choosing to communicate a rosy picture rather than the ground realities. GL

Shortarm - lost out on 3 bagger? How do you know what I hold and don’t hold?

I still hold kefi but have a higher average than most. One of the biggest critique of HAA for over promise and under delivery. Been to AGM earlier in summer and told exactly the same thing to HAA on his face. Spent 45 mins chatting the BoD about how poor their performance had been.

After all these years, I couldn’t say the financia sorted and money is in the bank to develop the mine. We are the verge, thats where we are.

GL

Yes Simms, HAA continues to drag his feet… another Christmas close by… and the whole finance is not sorted yet… GL

So close and yet so far.. 🙂

Anyone who says it is only 1 more week.... This is exactly why the share price is where it is today. HAA was supposed to outline the $60m equity package by the end of Oct-25 for it to be approved by end of Nov-25. Is this on-track, based on the current info I donot know. We may get the package and no AGM is required then we should have it delivered by end of Nov-25. There is always something with HAA with potential delays.

Again, I am not too concerned about this - hopefully everything will be sorted well before Christmas'25.. GL

Serendipidity - After finance closes, TK will be fully funded (as long as it is within the budget) until production. With increasing gold price I see it as a low risk - even if there a slight increase in cost; most likely we should be able to access funds. Potential dilution, although I expect it to be small and against a higher share price will be for developing other assets or other licences outside of the current TK scope.

Once the finance is sorted and we build closer to production - it is equally important to kick off work to develop other licenses - would be good to develop on the back of positive cash flow.

I personally don't see it as an issue - as long as we fund, construct and produce gold..

GL

DVH - JQ can wait to be honest.. let’s get TK finance over the line… almost there…

MF - feel free to be however you want to be… 🙂. No hard feelings whatsoever… GL

MF - 🙂 Good luck

MF - I don't need to deramp.. Been here for a long time... go and look at last 10 years of RNSs... we are on the cusp, even then HAA cannot stop some of his poor behaviours.. GL... Can't want for finance to be sorted... :)

DVH - it is almost end of 2025... how HAA slowly drags his feet... delays it and yet keeps everyone interested in KEFI... he is a master of it.. :) Remember he was supposed to close this out by end of Oct, for shareholders approval in Nov. I am sure it is worth the wait, but come on... :)

Once the finance is sorted, HAA can take a side step and let someone who is operationally savvy to do the job. He can enjoy his retirement. 🙂

“ Harry's now 70. Factoring just his age you'd consider there's a higher chance he's open to all forms of takeover”

Tom doesn’t think the average gold price will be above $4k for the life of the mine? Mine will come on production in 2 years time and 7 years mine life (for now). Fiat currency, brics, USD’s dominance coming to an end, central banks nett buyers of gold - all fundamentals are pointing to higher gold price and we haven’t even started the gold bull market just yet. I think we will average significantly higher than $4k over the next 10 years (excluding the black swan event that takes everything down). GL

Kefigold - I thought Harry committed to getting the equity proposal by the end of Oct and for shareholders approval in Nov?

".... but I think we will be in the hot zone between the 5th and 13th Nov."

Kefigold - HAA is entitled to a lot of things.. :) I thought HAA is supposed to deliver the finance package for the bonus eligibility. He has delivered the debt element and now he need to deliver the equity part. I think, this is as good as done in my view. However for HAA to claim the bonus, SP hasn't been above 1.5p for 5 consecutive days after the debt news. So he is not really eligible to claim the 1st bonus yet. If HAA is confident of the overall package - I don't think he needs to worry about his bonus.. :)

"STI Bonus 1: This bonus is awarded upon the granting of credit approvals by the lenders to the Tulu Kapi Gold Project. Additionally, STI Bonus 1 will only be paid when the closing mid-price of the Company's shares is above 1.5p for five consecutive trading days

Retention Bonus: A Retention Bonus has been approved by the Board. The disbursement of this bonus will be at the Board's discretion, with the latest trigger being upon the grant of final credit approvals by the lenders to the TKGM project and when sufficient Tulu Kapi development proceeds (either debt or equity) become available.

So, to me, it looks like he is entitled to it!"

My understanding is that AGM or shareholder approval in Nov (I assumed worst case 30-Nov) and AGM needs to be announced with at least 3 weeks notice period. So by 07-Nov, we should have the full details of the resolutions for shareholder approval.... lets see what happens in reality.

TW Gardner - thats the proposal and it is conditional. What are the detailed proposals and what are the conditions to that proposal? Details are missing. If those details are laid out with an AGM date for shareholders approval - the share price reaction would have been different. In my view, $340m finance package is not sorted at this stage - this is not what everyone was expecting.

I haven't sold any of my shares in Kefi - after waiting for so long; no intent to at this stage. I would like to see a finance conclusion. GL