Member Info for Mafs

Fukuto,

Please ask in telegram, the caller can provide further input which I cannot here.

Purely a waiting game here folks.

As they say, buy the dip!!
GLA

Harry was called by a member in telegram group, he picked up.

No concerns about recent articles, everything is on track. Nothing newsworthy to RNS.

No news is many a time good news!!

GLA

No market sensitive information - but everything on track as per RNS.

That is all we need to know and that's all he can say.

Telegram group

GLA

Firstly guys, however nice it might be that TW is saying x, y, or z about Kefi is nice, I mean, he's invested too right, but trust me, we know the finance is gonna get signed just matter of when and were the closest we've ever been to this monumental moment.

Everything is already progressing.

Secondly regarding the MoM, remember the threat he gave Kefi which was sort of leaked to the press i.e. licence and cancellation?

Well that came from him at the end of the day, so this does benefit us. Fresh blood to ensure Ethiopian mining vision is very good.

It all bodes well, top up and "relax - the signing is coming"

=)

GLA

It's different for some of the reasons below:

1 - Umbrella agreement - this hasn't ever been done, though not an obligatory binding agreemenr, its still a valid document. Secondly, this isn't Harry, but those institutions involved who signed between themselves willingly, we didnt have that before. They weren't even involved much bar consulting.

2 - Processes have already taken place e.g. resettling communities, ordering of contractors, banks drawing up agreements etc

3 - Security situation is much better than before. More peace agreements between govt and rebels. Also security issue was due to being close to TKGM, now nearly all security concerns are very far away from the mine.

4 - Ethiopian Govt are taking proactive measures now and even kicking Harry up the backside to get this done with licence threats as we saw previously. So he's now got fire behind him now and cannot continue to make BS promises without any consequences.

5 - No negative RNS so far which would impact the finance/umbrella agreement thus far, in fact we've had some excellent RNS's i.e. 5 new licences and resource upgrades in Saudi.

This time it is different.
In any case, history doesn't always repeat itself otherwise everyone of us would be millionaires buying shares that were historically low with the aim of having a historical rise. It doesn't always work that way.

We invest in the undeniable assets here and also in Harry to deliver it with the team he has. I'm in long term, since this is factually a potential multi million pound business where 0.7p is a monstrosity when it comes to a company being under valued.

10p minimum with all assets lined up as of currently, and about 1.4 - 2p with Tk financing IMHO.

GLA

He's delivered the resource upgrade, he's delivered 5 new licences in what will be bigger than TKGM, and a multi million pound company in a few years, and now the saving the best till last.

Tk finance is very much out of Harry's control now. He has to wait for the multiple parties to all conclude their views, and all finalise and sign.

The guy can only push and prod so much.

I've got a feeling this is gonna be big!!!

Need less than a couple weeks delay so this months salary can go straight in!!

GLA

Woohoo Hawiah!!!

Amazing update! Come on Harry give us the finance now!!

GLA

Envy those who are piling in at these prices. Lucky lucky lucky!

This could be spectacular indeed. England may be out, but the bankers are in!

Can we unlock the true potential here? MCAP VERSUS KEFI's share of the pie should make anyone reconsider sitting on the fence.

I do hope that this stays for another week so I can add more but something tells me it won't!

Hodl hodl hodl folks, we are nearly there!!!

GLA

Absolutely nothing ghastly changed, I'm fact we are only progressing towards closure.

I am not going to give my shares away for dirt cheap and then regret later when this starts to move.

Those trading this - good luck with beating the spread. But for any LTH this is just another day where profit takers appear and disappear.

If this can carry on for another couple weeks until I get paid I'd be a very happy person!

Remember naysayers tend to appear when there is a great upside potential =)

GLA

Isn't it amazing, suddenly the innocent 'truth-seekers' come out close or near to finance signing =D

Its the age old 'I'm gonna raise doubt, attack Kefi, pick holes in silly things, interpret things the worst way possible' and mention all of this under the guise of 'truth-seeking' or 'innocent investor fact-finding'.

Give us a break please.

You wana slate the company go ahead and try to get you 10% cheaper entry.

It will do nothing to the fact that we're gonna get our finance very soon, and nor will it do anything to the fact that I average at 0.6p when I was screaming about these prices being history.

GLA - especially the so called 'truth seekers and genuine questioners'. Hope you get your 10%

#BrokenRecordMate
#TruthSeekingMyAss

Tweets, RNS's, TW discussions - this is gonna be a Christmas present indeed!

I've managed to add another 700k+

Bring it on Harry!!
GLA

We know its gonna happen, another reason is because there wasn't a single negative in today's RNS.

This to me shows that this simply is taking time, and we can't expect a group of investors and a financial package worth $320m is gonna be according to schedule.

I always factored in possible delays and security situation etc. So far its been great on all fronts, so its a very good time to invest in Kefi.

Patience pays indeed!

GLA

Mark my words folks, people who see this as a negative are actually crazy. They won't be happy even if $320m hit them in the face.

What they want is video evidence, screenshots of agreement, government stamp on plan, and probably gold pouring out of the mine like a river.

The deal is done, but its taking slightly longer than usual - its a nicely worded RNS which indicates a small delay.

Big deal. Deals of this magnitude aren't like borrowing a few grand from your local bank, there's multiple parties involved here, if ONE is delayed the whole thing is delayed.

Most important thing is in Harry's words:

"Today's important milestone of the debt and equity leads approving the finalised finance plan allows all the respective Boards to formally approve the definitive documentation. I am pleased to report the Project is now up and away."

I see today as a lifeline for those still on the fence about entering here.

We will NOT be seeing these prices for very long, so I interpret this as a very lucky chance to top up and average down at these prices!!

GLA - very excited its happening!!

Bishop, the only thing afoot right now is gonna be Harry's a**e if he doesn't get this signed soon!!!

Come on now Harry!!
GLA

Hmmmmm... that would be a treat!

Hold hold hold folks!
GLA

Hold hold hold for that gold. There is never enough time for a monumental signing thats over a decade in making.

Worst thing would be selling because something is DELAYED rather than selling because something will not happen.

We all know this is definitely happening, but the burning question is when when when!!

GLA

Selfish I know, but I want to hold a General Meeting with all the shareholders about this!

Please either release the Finance RNS and take us out of our misery, or delay it until I get a chunky top up in!!

Any time now, the response and confidence has been great even though we haven't got our RNS yet!

GLA

Its just too too quiet for 1 day before the finance! We need a sign of some sort =D

Still to come:

- Preliminary feasibility studies at Hawiah expected around Q4 this year
- The updated project finance plan was distributed within the syndicate to be approved mid-November 2022 and, subject to senior lender consent in due course
- Jibal Qutman DFS
- Jibal Qutman to proceed with financing and Mining Licence submission in early 2023. Subject to regulatory approvals and financing, Jibal Qutman may be commissioning gold production around the same time as targeted for Tulu Kapi in Ethiopia at the end of 2024.
- Hawiah is a top three base metal project in Saudi Arabia.
- Top 15% VMS projects worldwide.
- A three-year 42,000m drilling programme has delineated a Mineral Resource of 24.9 million tonnes at 0.90% copper, 0.85% zinc, 0.62g/t gold and 9.8g/t silver.

In the end if everyone is blinded simply because of the finance signing, then remember one of the key conditions preceding the finance discussions (aside from security concerns), which had caused serious delays to financing progress was waived by the relevant financier because sufficient progress had been achieved between that party and the Government in respect of that matter!!

Thats a huge thing given it was one of the finance blockers!

Hope that was a nice brief update to remind us what we have and what there is still to come.

GOLD INFO TKGM:
1.7M oz JORC Resource; 1.3M oz processed; 1.2M oz recovered over 9 years

Every person knows why they invested. If its because of quick profit then of course look and cry at the intra-day fluctuations, but if you've been here a while now, then achieving milestones is the most important thing, so if and when the finance is done for TKGM, the SP will eventually recover because it won't easily be affected by sellers here as we've seen past week.

The Mcap would be much, much higher particularly after Saudi openings.

Each to their own the finance is very pivotal in my eyes!

GLA

People are snapping them up since they know this can easily be multiples with just TKGM alone let alone the Saudi prospects.

Each to their own, but you could be left behind to buy at higher prices!

Bring on 1p+ this week. Thatd be quite nice!
GLA