Member Info for Robjm66

Yeah agree Electricloin but Harry should know by now not to give the usual suspects an opening to trash the share as that's their main hobby.

Big thanks Robbieishere Harry lucky he has TW to dig him out of holes that's all we really needed to know for now that teams were being mobilized and the pivot point of bank banking was not far off.

They can add a few berries to the Christmas pudding with a statement from the banks when they sign off and images of the teams on the ground and hopefully should get some future coverage in the Ethiopian press all that can be more reassuring than Harry reassuring us.

Well Harry made a bit of a dogs breakfast of the interview people just really needed to be given a feel of when we would get bank sign off and know that everyone was behind the project and he needs to stop squashing all the stages including construction together.

Happy Christmas anyway.

Masked Singer

“How has the end of the year been for the business? Frustrating that we cannot talk about everything just yet, the broad sweep of it is very successful. Everything. is falling into place properly””three prerequisites satisfied””site not quite ready..government responded (to that)””lead financiers said we will now go to final approval” well cannot see the issue you are referring to apart from maybe”the only frustration is I cannot release formal approvals reports there of till they have been through proper protocols of all these large organisations”

The banks were obviously happy enough to let kefi to move teams onto the ground early January and were happy Abiy and the government are pushing to get this done.

Https://www.spglobal.com/marketintelligence/en/news-insights/research/discovery-to-production-averages-15-7-years-for-127-mines

Willowman Harry did the hard work at those companies took the crap then others now taking the glory if you look at the hit rate of miners in general its not just a coincidence that companies Harry set up eventually get there. Your argument does not hold water bit like saying yes the previous football manager got all the present team in the transfer market that we are using but the present success has nothing to do with him.

As for the Telegram group maybe if someone has problem with them take it up on that board not spam the board here.

Where it comes to progress kefi expects teams on the ground early January straight after Ethiopian Christmas and the key stage is still bank sign off the rest is process.

As for Venus minerals that is doing well and well placed with future demand for copper.

https://www.cbn.com.cy/article/2023/12/18/748806/mark-rachovides-cyprus-is-home-to-significant-untapped-mineral-deposits/

https://www.cbn.com.cy/article/2023/7/27/724869/ariana-resources-announces-ipo-plans-for-cyprus-subsidiary-venus-minerals/

https://venusminerals.co/

Https://www.youtube.com/watch?v=q2kjz_ss1aQ

Rough notes

"merry Christmas to all our followers and put their minds at ease that everything is falling into place. November stake holder meeting on the ground..to make sure everyone was ready to go..it’s a bit like a marathon and make sure everyone is ready to sprint the last lap I suppose…and those are the words that were being used by our bankers indeed.

The site itself was not quite ready..the government reacted very quickly from the prime minster down.. that was achieved a couple of weeks ago…when the prime minister and the whole government mobilizes to our requests its extremely gratifying..as a result of that the financiers said we will now go to final approval..

Process going smoothly been given the green light to step up functions on the ground to prepare the community teams moving onto the ground.. teams will be starting the formal resettlement processes.. just after Ethiopian Christmas which is 7th of January..”

Cannot announce sign off till they come from banks but would they be starting the formal resettlement process on the seventh of January if they were not expected before that plus would they have been given the “green light” to get on the ground unless it was not far off even with Abiy and the government pushing to get this done.

Well kefi have actually dodged and/or postponed some webinars recently Fantasy if you were being cynical you could say they are now happy to schedule one as they expect positive developments.

Fu the troops were moved early December before the Northern miner article came out on the 8th maybe it was raised as a concern previous to the meetings then it was shown to be resolved at the meetings then everyone was happy.

Https://www.futuremineralsforum.com/conference-speakers/ The timing of the webinar looks to be after kefi participation as a sponsor and Brian Hosking speaking at the Suadi mining do.

Https://corporate.ethiopianairlines.com/Press-release-open-page/ethiopian-airlines-and-citi-sign-a-usd-450m-loan-agreement-fofr-five-new-aircraft (Ethiopia general)

Not just the revenue and jobs from TK all the miners considering investing in Ethiopia or investing more will be watching what happens with Kefi and other investors in different sectors will be watching as well. Then factor Ethiopia's need to pay off foreign debts and need for foreign currency.

As for the banks its an opportunity to have a major feather in their cap hence them putting up so much of the money needed.

Mach its a bit of a ham-fisted attempt to reassure people the timing of bank or full consortium approval is up to the banks and consortium but they are recommending go ahead and been working on it for some weeks. As for the timing of the webinar probably they would have looked at dates past the two Christmases added in a bit of time for any last minute hitches they are still going to be pushing before that to trigger the first tranche of warrants though maybe they do not need them anymore the way the deal is now structured. They might even have scheduled the webinar to be closer to full sign off by all parties though obviously they cannot say that.

A lot of people not able to read a Rns or between the lines.

“As a result, the Project’s lead financiers have promptly initiated their internal approval processes for Project debt financing and the Company believes that notable progress is being made. A regulatory announcement will be made as soon as appropriate following the conclusion of these processes.”

So everyone on board and have been for some weeks Kefi not can kicking as they do not control when news will drop. Notable progress is being made though and as soon as its finished kefi will Rns it irrespective of the timing of the webinar which they effectively have to anyway.

“Notable were the public commitments made by the government through the Prime Minister, as regards intensifying preparations of the community for safe resettlement.” 7th of December last day of meetings.

https://www.northernminer.com/news/kefi-gold-and-coppers-tulu-kapi-build-to-put-ethiopia-on-global-mining-map/1003861838/

Article 8th of December

"The government in early December rolled out an increased security presence in the mine’s western region to ensure the area’s relative safety and stability about 1,000 km southwest of the main conflict area. "

Looks to me that security was improved just before or at the same time as the meetings took place obviously Abiy wants to get this done.

Thanks Ameen amen to that not that anyone was sweating or anything.

Last TK update was on a Thursday and previously had a quarterly on a Saturday and an AGM on a Friday looking back this year kefi does favour early to midweek generally but think if if they get a go signal by the banks they would drop it on the market as soon as practicable as too much chance of the news leaking out otherwise.

That’s before you even factor in that the Ethiopian Christmas is not till seventh of January.

It simple AJ you have to get lucky every day we only need to get lucky once.

Https://www.nasdaq.com/articles/exclusive-ethiopia-aims-to-get-$3.5-billion-under-imf-programme-sources (Ethiopia general)

https://ebc.et/english/newsdetails.aspx?newsid=4882 (Ethiopia mining)

https://www.arabnews.com/node/2427671/saudi-arabia (Saudi mining)

What's a lie in?