Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Right, had enough fun with you today, bored now. Off to do something more interesting.
BTW Jon, you are doing an excellent job of making a complete fool of yourself, I think someone has a link to the telegram chat. Still posting there are you?
Night night, oh DYOR all :) been fun poking the bear
Your post earlier where you were trying to scaremonger about the state of emergency:
Nothing on today's announcement of the state of emergency in Ethiopia being extended another 4 months in the neighbouring Amhara region, but we cannot expect our copy/paste promoter to tell us bad news, only the good news, and doesn't even have to be news.
Please try and keep up with your posts Jon, sorry, am I being too informal Mr Restall?
Q: How does this conflict in Amhara differ from that in Tigray 3 years ago?
A: The Tigray conflict was a long-planned but failed federal coup alongside an attempted expansion of territory for that region. The Amhara situation is a push by a region to allow its militia to remain armed following the end to the Tigray conflict, as a self-defence mechanism.
Q: Most people understand that the conflict in Amhara Region is far away from Tulu Kapi. But could you please give some insight from KEFI’s viewpoint into the Amhara state of emergency and how the Company manages the indirect effects of such distant factors?
A: When TKGM signed the initial Umbrella Agreement in mid-2022, marking the lifting of the Project’s suspension and the re-commencement of launch preparations, TKGM’s commitment to its syndicate and all stakeholders was to manage security in accordance with “red zone” (higher risk category) protocols despite the project area typically rating as “green” (low risk). One of the reasons for this approach is that all syndicate parties are experienced with Ethiopia and expect localised tensions from time to time as democratic reforms initiated in 2018 work their way through society.
TKGM has honored its commitment as regards “red zone” precautionary risk-management and has accordingly expanded its security systems as we approach launch and preparations intensify at the community level as well as corporate.
The TKGM plan is unaffected and is to launch Tulu Kapi over the next few months in line with the Ethiopian Government’s continued upgrade of security protections in the country and preparation of the community.
Independent security assessors Constellis provide detailed monthly reports for the syndicate on Government and TKGM’s preparations but also on the country and regional issues, including insight into the tensions in Amhara which are not a surprise. The recent Constellis reporting has been with a sharpened eye to launch preparations, and has reported that “TKGM’s approach to security at the project site and the transport routes in and out, are sensible, pragmatic and in line with security best management practice”.
As regards distant observers’ perceptions of the potential influence of internal conflicts such as that currently in Amhara, it is worth noting that Gondar, where the current conflict is centred in Amhara, is more than 700km from Tulu Kapi compared with say 500km from Belfast to London. All road routes from Djibouti through Addis Ababa and to Tulu Kapi are unaffected.
To provide some broader context, Ethiopia is approximately five times the size of the UK and double its population. History shows that it is an especially unified and powerful country despite having 80 ethnic tribes and 80 languages, the only one of 54 African counties never to have been colonised, the largest contributor globally to UN Peacekeeping forces and the base for the African Union with over 100 foreign embassies located in Addis Ababa.
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Q and A
KEFI Minerals is committed to providing full and transparent disclosure of its activities, primarily via releases to AIM's company announcement platform. KEFI also holds a live webinar shortly after the release of the Company's Quarterly Operations Report during which shareholders's questions are answered (and recordings are available on KEFI's website).
KEFI often receives follow-up questions as well as questions regarding how market developments may impact the Company. Under AIM rules, KEFI Minerals cannot be party to selective disclosure of information to individual investors. Whilst some conversations are about material already in the public domain, it is a Company policy to be cautious about one-to-one conversation with individual shareholders.
In order to make answers to these questions broadly available, KEFI has set up this Q&A page to post answers to questions which are deemed likely to be of general interest. If you choose to post these answers on a bulletin board, we ask you to publish the Q&A verbatim on the bulletin board and cite this page as the source.
Please email your questions to info@kefi-goldandcopper.com.
Various questions in recent Proactive Investors interview with Executive Chairman
Questions regarding Ethiopian Government's debt and KEFI's warrants
Questions regarding credit approval process
What happened at the workshops in Ethiopia for the Tulu Kapi syndicate? And what happened to the approvals by the lead financiers?
Given that the Tulu Kapi financing is expected to be completed soon, what does that mean for the outstanding warrants?
Further clarification on Chairman's remuneration
Questions regarding Chairman's remuneration and powerline to Tulu Kapi
Has anything cropped up to cause any delay to the signing off of the loan agreements with our proposed lenders?
Who owns the land at Tulu Kapi?
The Dutch downgraded Ethiopia's credit rating due to exchange rate risk. What risk does exchange rate pose to our TKGM project in Ethiopia?
Various questions regarding management and ownership
Undisclosed fees to KEFI management?
Questions regarding Saudi JV, AIM and KEFI staff
Various questions
Various questions in relation to interim financial accounts
Do any PDMR’s or their families have any any beneficial interest in Winchcombe Ventures, a KEFI shareholder?
Various questions
The quarterly says Tulu Kapi is essentially permitted. What is missing?
What is KEFI's view of the current situation in the Amhara Region of Ethiopia?
Q: Most people understand that the conflict in Amhara Region is far away from Tulu Kapi. But could you please give some insight from KEFI’s viewpoint into the Amhara state of emergency and how the Company manages the indirect effects of such distant factors?
A: When TKGM signed the initial Umbrella Agreement in mid-2022, marking the lifting of the Project’s suspension and the re-commencement
Therefore why would they not extend it. They finished the Tigray war, that army is now on side, do you really think the entire army can't sort this out? And whilst this carries on we still have more progress..
Still posting scare stories.
Please fact check my Details via Reuters and google
Tensions between the Ethiopian gvt and Fano militia escalated after the end of the Tigray war. Tigrayan forces came to a peace deal with the Ethiopian government and as a result relations with Fano scoured.
Fact check: Reuters - since August (23), government forces have pushed Fano out of cities but some fighting has continuedin some smaller areas and villages.
On may 19th 2022 clashes broke out in Mota (519 km away). That's the closest point.
In 1st August 23 fighting started in Gondor 729 km away. On 2nd the were fighting in Lalibea 866 km from the mine.
The government has extend the state of emergency to control this.
How fantastically selective you are! You omit the paragraph at the bottom of the same article: Somalia is unlikely to attack Ethiopia whilst it grapples with Al-Shabaab, said Alan Boswell, Horn of Africa Director at the International Crisis Group....... If the deal falls though, Ethiopia will try and find a port elsewhere...
Not trying to twist a headline to your advantage are you?
I won't even give you E for effort this time! 'U'
? Things have moved on since then dear boy, that's all in the past and we are so much further down the road. The war is over.
Now as for the diabetics raising the sugar lorry, I must say as a banker I would be highly concerned about this and would insist that the UN sends a force for protection as well as half of the Eithiopian Army before I sign. Please, you lost the argument a while ago, if you want people to genuinely consider your posts accurate and meaningful other than a diatribe of tripe I'd cut your losses now...
Like I said to you before, if I am wrong I will publicly apologise for being a 'Goon' - however, if I am right, will you have the good grace to apologise on here, or will you jus scuttle off& disappear with whatever agenda you have?
As I always say DYOR, & for those who may not know what is and isn't correct on what has been posted so far between me and the illustrious Condomman, a few minutes researching on Google will show you what is fact and fiction.
You really think I am so stupid as to sell my holdings because a sugar truck was robbed a thousand odd miles away from the mine? Try harder. Last time it was an army at war, not a gang of sweet toothed local nutters lol
You are wrong. There are 20 separate administrative zones. Oromia is huge, it shares boundaries with almost every other region except for Tigray, technically and administratively TK is in West Oromia, but if you are being a pedant OK it's in 'Oromia' . Your argument now falls down as what you are saying is akin to telling everyone to run away from New York, because someone got shot in LA. Why are you posting such pathetic scaremongering?
Not that I am the slightest bit religious but I think Matthew 7:15 is rather appropriate: Beware of false prophets, who come to you in sheep's clothing, but inwardly they are ravening wolves. Applies to a few on this chat...