RE: KEFI17 Jul 2020 17:15
I expect finance news on Tulu Kapi possibly already as early as August or September based on the recent RNS from 2 weeks ago:
"Given the robust economics of the Project we have received significant interest to provide the outstanding asset level equity and other forms of duly subordinated investment, not only from other domestic investors, but also from international specialist mining financiers. Now the deadline of 30 June 2020 has passed we will look to draw these discussions to conclusion ahead of full financial close in October this year.
"We are particularly fortunate that the gold sector is in robust health and this potential change in the Project consortium has now opened up new financing opportunities which may potentially improve our ultimate beneficial interest in the Project.
"We will not allow any distractions from achieving our target to close project financing in October this year and I look forward to updating shareholders in the current quarter."