More BS was all said last year and the last 6-7 years16 Jul 2025 08:13
LAST YEARS RNS 🤣🤣🤣🤣🤣🤣 perhaps he’s trying to make it easy for himself for tomorrow🤦🏼
I bet this gets removed
Any money come in yet?
20 May 2024 07:00
RNS Number : 0028P
Kefi Gold and Copper PLC
20 May 2024
20 May 2024
KEFI Gold and Copper plc
("KEFI" or the "Company")
Tulu Kapi Gold Project Launched
· 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
20 May 2024
Quarterly Update - see announcement 13 May 2024:
· Employment: approximately 1,000 direct jobs and 5,000-10,000 indirect jobs;