The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
1) Robjm66 why do you spout on about other things not even remotely relevant to Kefi ?
2) Any money come in yet ?
3) Where's all the money gone ? last time I looked it was about £5 million a year to keep this going on what exactly ?
4) Come on Robjm66 explain why it take £5 million a year to keep the lights on here.
17 Jul 2017 07:00
RNS Number : 1862L
KEFI Minerals plc
17 July 2017
17 July 2017
KEFI Minerals plc
("KEFI" or the "Company")
PROJECT FUNDING OF US$135M FOR TULU KAPI GOLD PROJECT
"KEFI signs terms for funding all on-site infrastructure,
already having signed terms to fund all off-site infrastructure"
Timetable agreed with the Ethiopian Government and Oryx for financing to be provided and development to start before the end of 2017.
Today 11:19
RNS Number : 5221I
Kefi Gold and Copper PLC
07 August 2023
7 August 2023
KEFI Gold and Copper plc
("KEFI" or the "Company")
Tulu Kapi Update
The Company's schedule for Tulu Kapi remains for community preparations to commence this quarter (Q3 2023), ahead of procurement and construction commencement next quarter (Q4 2023), all synchronised with the Government's continued upgrading of security, as already committed.
8 Oct 2018 07:00 2018 2018
RNS Number : 2048D
KEFI Minerals plc
08 October 2018
8 October 2018
KEFI Minerals plc
("KEFI" or the "Company")
Government Clearance of Community Resettlement and Project Timetable
KEFI Minerals (AIM: KEFI), the gold and copper exploration and development company with projects in the Kingdom of Saudi Arabia and the Federal Democratic Republic of Ethiopia, is delighted to confirm, in relation to the Company's Tulu Kapi Gold Project (the "Project"), that the local, zonal and regional authorities, have confirmed their intention to trigger resettlement of the Tulu Kapi community as soon as possible, with an agreed target date of 1 January 2019. This follows meetings which took place in the Tulu Kapi area with the directors of KEFI and also of ANS Mining Share Company ("ANS"), KEFI's co-investor in Tulu Kapi Gold Mines Limited ("TKGM"), working alongside the federal government.
This is way under valued
“The value of Vela's total assets decreased during the quarter by £660,000 (9.5%) to £6,273,000 (quarter to 31 December 2022 - increase of £532,000 to £6,933,000 (8.3%)).”
Heads of Agreement Signed with Ethiopian Syndicate
24 Aug 2018 07:00
RNS Number : 7265Y
KEFI Minerals plc
24 August 2018
24 August 2018
KEFI Minerals plc
("KEFI" or the "Company")
Heads of Agreement Signed with Ethiopian Syndicate Investors
Subscription to be made through Arabian Nubian Shield Resources Limited
KEFI Minerals plc (AIM: KEFI), the gold exploration and development company with projects in the Federal Democratic Republic of Ethiopia and the Kingdom of Saudi Arabia, is pleased to report that it has now signed the Detailed Heads of Agreement ("HoA") with the Ethiopian investors, as originally outlined in the announcement of 11 June 2018. The Ethiopian investors intend to make their investment of US$30-35 million (Birr-equivalent) via Arabian Nubian Shield Resources Limited ("ANS Resources"), a company which is in the process of incorporation.
ANS Resources' injection of the first instalment of US$9 million (Birr-equivalent) is subject to completion of remaining due diligence and execution of the binding share subscription agreement, which are expected this quarter. ANS Resources' injection of the balance is subject to full project finance closing proceeding, fully approved by the Ethiopian Government.
ANS Resources is being established as an investment vehicle to enable subscriptions by a number of identified Ethiopian financial insititutions and family offices. It is the intention that no one syndicate member will hold more than 10% of ANS Resources or have any involvement in the gold mining business.
Given demand, recent refinements to the proposed transaction (since KEFI's announcement of 11 June 2018) include the right for ANS Resources to subscribe in local currency alongside the Government of Ethiopia for up to US$35 million (rather than the original US$30M) in new shares of Tulu Kapi Gold Mines Share Company Limited ("TKGM"). The final investment sum of ANS must not exceed that which preserves KEFI as majority shareholder of TKGM.
The requisite Government consents are that: (a) the historical equity capital investments in TKGM by KEFI's subsidiary KEFI Minerals (Ethiopia) Limited ("KME") be registered so that final equity percentage ownership can be confirmed, (b) that the planned subscription by ANS Resources be permitted by the Government waiving its pre-emptive rights on any share issue by TKGM, and (c) that ANS Resources be provided the right to appoint two Non-Executive Directors to TKGM's Board of Directors.
The initial subscription of US$9 million (of the US$30-35 million) will be set aside into a locked account, with settlement commencing 31 August 2018 and completed no later than 30 September 2018 along with commitment to the full amount being invested by year-end alongside full project-finance commitments. The ANS Resources founders' US$3 million subscription has already been committed.
Disbursement of the initial subscription funds is earmarked to commence any time from Oct
Ajs8220 👍
I’ll be doing the same as long as it takes to expose this car crash of a share.
Why is his base in Cyprus it hardly the financial capital for doing the business is it 🤔 sorry id forgot how good the weather is there silly me.
"Harry is totally right to tell people that some are not suited to investing here" bit late for that !
Pity HA didn't say that 5-6 years ago to all of those that did invest who are now down 99% and wiped out ! his contempt and arrogance towards those PIs is shocking to suggest those that did invest should maybe stay away.
He is the most incompetent man I've ever come across.
Robjm66 ramper fantastic give it a rest with your constant cut and paste cra-p.
Did any money come in yet ? anything been signed yet ? NO NO NO NO NO AND NO.