Member Info for Qnard

Alanos, had you considered the fact that it might not be nefarious and it could be PIs who have made a tidy profit in a short space of time selling up and moving on? That's the most likely scenario

That was just in case you missed it kiddo...

Fantastic! I always applaud good analysis seeing as it my job. As a result, you'll have found that the locals are rather chuffed:

The Tulu Kapi Gold Project in Ethiopia, developed by KEFI Gold and Copper, is poised to bring significant benefits to the local community, particularly through a comprehensive Resettlement Action Plan (RAP) designed in collaboration with the Ethiopian government and aligned with international standards.

Key Benefits for the Tulu Kapi Community

1. New Housing and Infrastructure

Approximately 360 households (around 1,300 individuals) will be resettled into newly constructed homes. These homes will be situated in locations chosen by the community from 17 proposed sites, with a preference for areas close to the mine to facilitate access to new economic opportunities.

2. Financial Compensation and Livelihood Restoration

The RAP includes cash compensation for lost harvests and land, along with transitional support packages tailored to each household. KEFI has allocated approximately US$24.7 million for resettlement and community development, which is deductible against future tax liabilities.

3. Employment and Training Opportunities

The project is expected to directly employ and train over 1,000 individuals by the end of 2019, with additional indirect employment opportunities anticipated. KEFI emphasizes maximizing local participation in both the workforce and supply chain.

4. Enhanced Community Services

Infrastructure improvements, including the construction of new roads and a 47km power line, will not only support the mine but also provide benefits to the local community. An additional 2MW of power capacity is planned to be made available for community use.

5. Community Engagement and Support

KEFI has engaged in extensive community consultation and stakeholder engagement to ensure the RAP aligns with the needs and preferences of the affected population. The company is collaborating with external agencies to design transitional assistance packages and support the government in land use planning and infrastructure development.

Community Feedback and Surveys

As part of the RAP development, KEFI conducted socio-economic surveys and environmental baseline studies to inform the resettlement process. These efforts aimed to ensure that resettlement plans are responsive to the needs of the community and comply with both Ethiopian legislation and international standards, such as the IFC’s Performance Standards on Environmental and Social Sustainability.

I am hovering over the button DVH... Lol

You are spamming the board dear heart. I have kindly asked you to summarise what your point is, which you are not doing. Would you be so kind as to do so? Or is it an attempt to frighten holders? The more you post like that, the less seriously you will be taken.

If you are alluding to KEFI being corrupt or will be corrupt, then may I point you and anyone who is new, to the fact that we suffered delays because HAA wouldn't deal with the former Minister of Mines as he was expecting backhanders...

Bukowski dear heart, would you be so kind as to give me a high level summary of what you are trying to say, would be appreciated. I am not completely clear on the exact point you are trying to make? Many thanks Q

The establishment of a permanent security force at the Tulu Kapi Gold Mine site in Ethiopia's Oromia region marks a pivotal advancement for the project's development.

Deployment of Permanent Security Force

In April 2023, the Ethiopian government, through its relevant agencies, deployed a dedicated security force around the Tulu Kapi project area. This initiative was undertaken to ensure that construction and overall project activities could proceed without hindrance, addressing prior security concerns that had delayed progress.

Role and Impact

The presence of this security force has been instrumental in stabilizing the region, thereby facilitating the resumption of project activities. It has also played a crucial role in meeting the conditions precedent required for the project's financing, as lenders and investors sought assurances of a secure environment for their investments.

Government Commitment

The Ethiopian government's commitment to the project's success is further evidenced by its broader support measures, including regulatory concessions and infrastructure development. These efforts underscore the strategic importance of the Tulu Kapi Gold Mine to Ethiopia's economic development and its mining sector's growth.

The deployment of a permanent security force not only enhances the safety of the Tulu Kapi project but also signifies a collaborative effort between KEFI Gold and Copper and the Ethiopian government to ensure the project's long-term success.

Don't really want to stick my neck out in this heated argument for fear of getting it shot off but here is my two penneth worth. I don't disagree with either Bonkers or Stebo. In doing my analysis, which I won't post for obvious reasons, I have two figures, one on the conservative side, that sets a baseline for me wanting to invest or not, and one at the upper end, is this a long term investment, or a sell when the baseline has been reached? Whilst my figures are different, but not wildly so, my concervative says to me don't sell and average down, upper end stay for the divvi. I do rehash the numbers as and when we get more info. Personally, I think it's a storm in a teacup, I don't think either party is fundamentally wrong, I just think people are looking at this the wrong way. My thoughts only..

Another fantasy post Burge, (ex the condor man). So not only does HAA have time to post on here (see previous posts), he is employing and controlling a host of rampers on here and elsewhere. Bonks mate, you are not bonkers burge definitely is!

I don't have access to L2 to see the real data, but the sells don't bother me, we all have different methods of investing, I don't blame anyone who invested a few weeks ago who has made say a decent and quick 20%/25% sell off and move on . We'll see the price spike in a few weeks and that will trigger a lot more sells, nothing to worry about. Me, am here for the long term and a dividend.

It is nice to see a series of ticks being put in the boxes next to HAAs and the EGs to-do list. Whilst I expect to see a bit of a rise today, (let's see what the market thinks), it's not the transformational news that will trigger a re-rate. It will hopefully start to give those of us who have been around for a while a warm fuzzy feeling that we were right despite our detractors, and give those on the sidelines sufficient confidence to buy in.

KEFI (AIM: KEFI), the gold and copper exploration and development company focused on the Arabian-Nubian Shield, is pleased to report that the Ethiopian Council of Ministers has formally approved Ethiopian Country Membership for Africa Finance Corporation ("AFC"), which is now with the Ethiopian Parliament for proclamation in legislation.

Nothing factored in for Saudi and Konso?

Hey GT, since I was a young man as well! Lol. Maybe just in time to trigger an early retirement...

Sincere good luck to all. Have a relaxing and enjoyable bank holiday weekend all.

Q

Stringer, I have had the 'luck' to have worked with government in the past. Ours is grinds slowly enough and has multiple unnecessary hurdles (for those who are younger, go watch a few episodes of Yes Minister), chucked in the way. I have a mate who works for a commonwealth country who cannot believe how hard it is to do anything. I doubt Eithiopia is any different, it will proceed at the pace the mandarins will let it progress at and will eventually get there. Patience is what is needed now. This is not the fault of Harry

Lots of Bed and ISA going on and buys being reported as sells?

Or are we keeping it? :)

Bored on a Friday afternoon so looked at the leader board, let's hope we are a NARF soon...

Wishing everyone a sunny weekend.

I have been here quite some time and those who have been around with me can possibly help jog my memory, but I am sure that Harry has clearly stated in the past that he's not for selling and is determined to turn kefi into a mid tier miner. Flogging the silver won't give the returns he wants (especially in dividends). Anyone able to remind me?