Member Info for Mafs

This is the MIP basically done and approved whilst Harry is in Saudi!!

Would not be surprised if this opens very high and we smash 1p+ taking us onwards and upwards!!

GLA

I can smell the retirement!

H1 2024 launch

Basically, everyone is going to buy whats left before H1 2024 for a multibagger?!

Even the dog is getting sold for leftover kefi shares.

The best part is multiples of the current SP!!

This is it, what else can the guy say or do?!

At least an 8-10 bagger here IMHO!!

GLA

Woohoo!!!

Bring it on Harry!!

Significant Progress on Tulu Kapi Gold Project US$320 million Finance Package

KEFI Gold and Copper PLC (AIM: KEFI), an early mover and successful explorer in the highly prospective Arabian Nubian Shield, is pleased to announce that it has received confirmation of conditional final credit committee approval from the lead lender for its "shovel-ready" Ethiopian development project, the high-grade Tulu Kapi Gold Project (the "Project"). This followed the analogous approvals from other key syndicate members including lead contractors and lead equity parties, and the previously reported actions by the Government of Ethiopia ("Government") during 2023. Key Government actions include the previously negotiated and reported exemptions from foreign exchange restrictions, commitments to provide permanent security protection and the approval of additional protections for the lenders for the Project.

The receipt of these conditional approvals is testament to the collaborative and long-standing supportive attitude of Project syndicate parties. The entire US$320 million finance package is designed at the subsidiary level, with syndicate members who know the country and are keen to support in our tightly coordinated and safe manner.

KEFI is now mobilising into the field to prepare the community, so far having briefed church leaders and congregations, and distributed medical treatment for the victims of the recent malaria outbreak, via the Tulu Kapi Charitable Endowment. For good order, the introductory presentation made available to the community has been uploaded to the KEFI website and is accessible via the following link: https://www.kefi-goldandcopper.com/expo-presentation/addis-adaba

In parallel with the social engagement programme, we are preparing detailed definitive documentation for signing between the Project syndicate financiers. Full Project launch, including funding drawdown, is on course for H1 2024, subject to the satisfaction of all the standard conditions precedent for a transaction of this type, independent confirmation that the Project is ready for launch from security and community standpoints, and final board approvals of all parties.

Speaking from the Future Minerals Forum in Saudi Arabia, where KEFI has been the technical partner in the highly successful Gold and Minerals SLA since 2008, Harry Anagnostaras-Adams, Executive Chairman of KEFI Gold and Copper, commented:

"The Ethiopian Government and the lead syndicate members of our high-grade Tulu Kapi Gold Project have been working hard to support our Project launch. The Government has recently made strong commitments including approving country membership (a set of protections for development finance institutions) for both of our Project lenders, deregulation of exchange controls and commitment to the preparation of security and our community. These Government initiatives have played a very important supportive ro

Check the interview posted here on Proactive.

Its been a long, long journey but I reckon its done ✔

Harry seems upbeat and unable to say more. Just kept saying his hands are tied and its processing.

Those selling now will definitely buy back later or be locked out for a long time.

https://youtu.be/q2kjz_ss1aQ?feature=shared

GLA

What these guys don't realise the positivity of this means that the deal is STILL on!!

There is no bad news that says its not gonna happen which trust me, for a life changing decision is very, very good!

Some will see it, most won't!

WE WILL RETIRE SOON

GLA

"As a result, the Project's lead financiers have promptly initiated their internal approval processes for Project debt financing and the Company believes that notable progress is being made. A regulatory announcement will be made as soon as appropriate following the conclusion of these processes"

GLA

If this doesn't make you hold or average down, then I dont know what will. This is not speculation or from rampers, this is from Kefi themselves.

Now it's only in the hands of the banks pretty much. It's been a while since that update so expecting news to drop any time now!

"KEFI is pleased to report the receipt of formal confirmation from the National Bank of Ethiopia (the Ethiopian central bank) of the details for the operation of offshore banking by the Company's operating subsidiary Tulu Kapi Gold Mines Share Company ("TKGM") and its project finance banks. This clarifies the operational details for the implementation of the policies set out in the recently published National Bank of Ethiopia Directives, waiving strategic mining projects from foreign exchange control and capital controls.

This is the last of many special permissions and policy changes agreed with the Ethiopian authorities over the years since KEFI assumed control of the Project, to allow modern project finance arrangements to be applied given there has been no industrial-scale mine development in Ethiopia for over 30 years. Tulu Kapi is now finally fully-permitted with only procedural administrative confirmations remaining.

With all matters of principle for the Project having now been resolved with the authorities, the Project finance banks can now proceed to final credit approval for the Project's US$190 million secured debt package. Upon approval, the Project's detailed debt terms will have been resolved, as will the structure of the overall US$390 million finance plan (secured debt component of US$190 million, equity-risk-capital of US$130 million and contractor supply of mining equipment of US$70 million).

This is considered the pivotal formal step for Project launch and, upon receipt of final credit approvals, the procurement teams and the social performance teams will be mobilised so that all final details can be inserted into the detailed definitive documents covering the Project, which can then be signed by all the parties involved in the Project, which today would rank as the largest single export-generator for Ethiopia given its estimated annual revenues of c.US$250 million. The Company expects full Project launch to commence in the current quarter as previously advised."

#EarlyRetirementPlease

#£1994WasMyTopUp ;)

Check this out if you haven't already

https://www.kefi-goldandcopper.com/news/videos/2023/12/assay-tv-interview-harry-anagnostaras-adams-leader-arabian-nubian-shield

It has been a waiting game for a very long time indeed, but I think its too, too deeply committed by all parties now for any of them to pull out. So I'm quite optimistic.

Load up when you can is my view, I sure am.

#HistoryInTheMaking

GLA

Looks like the sellers and traders could be caught with their pants down.

Buys are towering in, volume increasing. There has to be some news now!

Zimb visit to get an update for the diamonds. That alone will see multiples of the current Mcap IMHO.

GLA

I think we have bottomed out at 0.13/14.

To think we're only on 0.16/17 right now tells us how early we are in what could be the best rise we've seen in while.

Any mentioning of diamond's even if they were glass shards, this will rocket.

GLA

Can anyone explain the rise without our looming diamond update? What could explain the sudden confidence in Vast?

GLA

Capstone do not care about whats happening in the business from experience, they often sell when they spot another opportunity elsewhere. I've seen Tr-1 in one company and same say another Tr-1 in another company where they bought. They are investors yes, but opportunists even more.

So the positive is that this should remove institutional selling pressure which means we will soon see another 400-500% rise easy on any whiff of diamond news.

Locking and loading here at these rock-bottom prices.

GLA

Here is an extract to the interview with him today. Much better than most of his others thats for sure.

As Sandy said we have turned a corner it seems.

Early stage exploration and development is an expensive business until the transition to production, break even and then cash flow positivity.

Vast Resources PLC has got the confidence and the backing of its lenders who are insiders of the business, who understand the strategy, the multi-region asset potential and perhaps recognise that cash flow positivity isn’t wishful thinking but a possibility.

This month’s debt funding update, says Chief Executive Andrew Prelea is a demonstration that creditors A&T Investments and Mercuria Energy Trading is “an indication of of them wanting to stick around and wanting to be part of the Vast growth path.”

Prelea highlights that the parties extending their warrants “shows their confidence in what we’re doing in our strategy in the foreseeable future” and could mean “they were still going to be around in another year or two.”

So what will the immediate future yield for creditors, warrant holders and shareholders alike?

“There are several things to take note of,” says Prelea who references production improvement at its Baita Plai Polymetallic Mine in Romania and updates on opportunities that the company has already shared in the public domain.

Watch Andrew talk to Sarah Lowther about the company doing what it said it was going to do in Romania, and how chatter concerning the repatriation of a historic package of diamonds may be undermining delicate negotiations surrounding their handover back to the company"

Any thoughts?

Or is the SP simply settling after the RNS and finding its bottom.

Looks like a great averaging opportunity. Even a waff of good news will send this flying.

GLA

Thats great news! Rather have seller out now than later when we require a push.

RAB out! =)

GLA

Enjoy it my fellow Kefians!!

Now we wait for SA's valuation to be added to the measly 30+ Mcap.

When we receive 90mil hopefully the SP will reflect it!

GLA

Been waiting years for this moment.

House depo in you go my friend!!

Hope to see you on the other side!!

GLA

Hold onto your horses folks!!

GLA

Apparently there is a tweet going around with good news, which probably explains the random rise?

Anyone seen it please post it here!

Diamonds at the lowest end are worth $32mil (3x Vast Current Mcap) and even upto a $billion+ on the extreme and unlikely end of the scale.

High risk but extremely high reward here.

Check this out, not a very old article either:

https://www.share-talk.com/vast-resources-shares-aimvast-diamonds-in-the-rough-my-cup-of tea/#:~:text=For%20perspective%2C%20one%20historical%20article,per%20carat%20for%20exceptional%20items.

GLA