Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
As usual not impressed this is a long way from happening even if the money comes in imho in never will with everything going on in Africa.
AIM mining is on its ars—-, good luck to everyone 🥸
Did that ANS money ever come in 🤔
TEN YEARS AGO!
28 Sep 2015 07:00
RNS Number : 3171A
KEFI Minerals plc
28 September 2015
28 September 2015
KEFI Minerals plc
("KEFI" or the "Company")
TULU KAPI FUNDING UPDATE
AND
INTERIM RESULTS FOR THE HALF-YEAR ENDED 30 JUNE 2015
KEFI Minerals (AIM: KEFI), the gold exploration and development company with projects in the Kingdom of Saudi Arabia and Democratic Republic of Ethiopia, is pleased to provide an update on development funding and announces its unaudited interim results for the half-year ended 30 June 2015. The statement below encompasses the activities of the Company's subsidiary, KEFI Minerals (Ethiopia) Limited ("KME"), in Ethiopia and its joint venture, Gold & Minerals Limited ("G&M"), in the Kingdom of Saudi Arabia.
Update on Development Funding and Planned Government Participation
The Company is pleased to report that, based on the negotiations with the short-listed project contactors and financiers and with the Government of Ethiopia, the entire development funding for the Tulu Kapi gold project in Ethiopia of c. $120 million is now expected to be covered at the project level. A key component is the intended participation by the Government of Ethiopia, by funding up to $20 million of infrastructure in exchange for an increased share of project equity. The full funding package is planned through a combination of debt, gold streaming and equity funding, with working capital requirements subject to further refinement which can only be finalised upon formalisation of the multi-party agreements and the approval thereof by the Government of Ethiopia.
Management is now focused on formally appointing and assembling, with finalised and complementary terms, the project syndicate comprising the contractors, debt financiers, gold streamer and the Government of Ethiopia. This includes the contractor for building the plant on a fixed-price basis and the contractor for the mining operation on a price-per-cubic-metre-delivered basis over the life of the open pit mine. KEFI will announce the members of the syndicate as appointments occur, commencing in the first half of October. With the Government of Ethiopia, KEFI is finalising the terms for its intended funding of infrastructure (the public road and electricity connection) and the associated increase in its share of project equity.
Harry Anagnostaras-Adams, Executive Chairman of KEFI Minerals, commented: "We are pleased to have achieved this major milestone and, in particular, we welcome the Government of Ethiopia's intention to increase its equity in the project. Along with the intended use of some gold stream finance, this materially reduces the level of debt to be introduced and makes the financial structure more conservative, which is appropriate for such volatile times in capital markets. We look forward to finalising terms with the emerging syndicate of parties and rapidly moving on to the next phase of development."
Would you if you had £300 million invest anywhere in African now ? some how I don't think so and then there's Harry.
Robjm66 stop your endless ramping this is never going to happen, HAs next excuse will be to use all the African Coups going on there. IMOH.
Has any money come in yet ? No didn't think so.
That’s typical calling me a liar well I don’t lie I even put his number on here and it got taken down sharpish why would I lie? The thing is he thinks he’s above answering or justifying his incompetence, you only have to look at the history of Kefi and where it is today I could spend all day posting about what’s happened here and why but I can’t be bothered educating you.
I
Yes I am invested I’ve got 2 shares left 😂
I was felt encouraged to sell out by the response to a question I ask HA when I phoned him some years ago
At his holiday home in Cyprus.
It must of been 5-6 years ago I ask him why he was doing another placing his reply to me was is this call a joke ? Well if I’d of stayed in apart form the losses I suffered in the months that followed I would have been wiped out by now 99.99999%.
So why do post on here because the arrogance of the man is unbelievable I took the trouble to phone him and reply was I’m I joking, well the history of HA shows he couldn’t give a toss.
Anything happen here yet ? No didn’t think so.
I suppose another promise of nearly there from the muppets then another placing for them to get their noses in the trough.
What an absolute disgrace to keep regurgitating the same old story for endless years of jam tomorrow.
Robjm66 you are so naive and don't understand my Questions £60 million has not gone on drilling, sorry but this is never going to happen if it was going to it would of been done 6 years ago.
All HA provides is nothing more than fantasies imho he will be gone soon he's almost sucked this dry, so he'll be off.