Member Info for Robjm66

Yes and no Blue the project is of big importance and priority to the banks huge for Ethiopia who need a international mining sector however that means no one wants to stuff it up and the complexity of the deal with multiple members of the consortium means delays are more likely to be procedural (Red tape, box ticking) then anything else.

Https://www.youtube.com/watch?v=oLebTimfi4E&list=PLE1y8hGSqr8ar1gKUdfqFDK5ygLIlrdmz (gold)

"The fact that the development banks have agreed to subscribe to equity risk notes, in addition to the loan, means they agreed in principle," well looks like the banks want this to go ahead or they would not be interested in taking on such a large chunk of the financing and Ethiopia are part of the two banks and the get together went well reportability its just it would be nice if the last major hurdle was cleared pre Christmas.

Think SB is like a lot of people waiting on the side-lines for bank sign off then he will give some credence to Harry and his pronouncements going forward.

Https://www.bloomberg.com/news/articles/2023-12-14/ethiopia-optimistic-on-debt-deal-with-creditors-in-early-2024

https://www.reuters.com/world/africa/ethiopia-floats-loss-reinstatement-provision-bond-rework-sources-2023-12-14/

More a case of the Ethiopians wanted the deal reworked closer to other deals that got reworked recently which is what I said the other day.

Overall shows the case for a international mining industry providing foreign currency.

Https://www.youtube.com/watch?v=SI7YbG2ysf8 (Peter Schiff)

https://www.zerohedge.com/news/2023-12-13/war-gold-defense-bullion-banks-sort

https://www.fxstreet.com/news/gold-price-exposed-to-more-upside-as-fed-turns-dovish-202312141020

Https://www.zawya.com/en/projects/mining/saudis-massive-mineral-survey-project-is-40-complete-dlqqabff (Saudi mining)

https://www.fanabc.com/english/uk-reaffirms-commitment-to-support-ethiopias-devt-endeavors/ (Ethiopia/UK)

https://www.fanabc.com/english/54533-2/ (Ethiopian investment)

https://publications.parliament.uk/pa/cm/cmallparty/231213/ethiopia-and-djibouti.htm (Ethiopia/UK)

Everything waiting on the news from the banks the other main hurdles have been cleared kefi could put out a everything is on track RNS but maybe they want the bank go ahead news to drop then do a RNS.

A bit of background on the two banks

https://www.africafc.org/news-and-insights/news

https://www.africafc.org/

https://www.tdbgroup.org/about-us/

https://www.tdbgroup.org/

https://www.africafc.org/news-and-insights/news/ethiopia-becomes-africa-finance-corporations-40th-member-state

“AFC has already identified a US$300 million pipeline of projects to capture value from Ethiopia’s metal and mineral exports”

Off topic

Having TCM here is like having your little brother attend the same school as you he will follow you around all day being a general pain in the rear but if you do not keep him on the straight and narrow its you fault (older brothers will understand).

Blue security is a factor that has been considered by all the consortium and the area is being treated as a red zone even though the area near TK and TK has been reasonably quiet. The resource itself is not artisanal and due to its nature has to be dug up with a company with the tech to dig it up. Then by the time its in production very possible that there would have been successful peace talks between the government and OLA. Even if there are not OLA not going to upset the locals that are going to get life changing money to be relocated or the locals that are going to get jobs by blocking the mine being built. Long term OLA will be thinking of getting a share of power and wealth in the region so basically they can see the benefit of a mining industry in the region.

Mine going to create thousands of local jobs and has local support, OLA not dumb enough to make itself unpopular by stopping the mine.

OLA been around since 1974 and the government has had two rounds of peace talks with them this year and the government has beefed up security around the mine site.

Https://www.facebook.com/MinesandPetroleum

“A BEACON OF HOPE IN THE MINING INDUSTRY

As the world progresses and demands for essential minerals and resources increase, Ethiopia has become the ideal mining destination for companies looking to invest in a high-potential mining jurisdiction. With impressive mineral resources and a government committed to executing ambitious economic reforms, the building blocks are in place to create a worldclass mining sector and a major player on the global mining stage…”

Https://www.fanabc.com/english/japanese-investors-say-ethiopian-industrial-parks-conducive-for-investment/

“In addition, Ethiopia’s Ambassador to Japan, Dhaba Debele, said the seminar would strengthen ties between the two countries in various fields, as well as provide an opportunity to gain a deeper understanding of Ethiopia’s potential in agriculture, tourism, manufacturing, mining, and ICT, among others.”

https://www.arabnews.com/node/2424401/business-economy (Saudi mining)

https://finance.yahoo.com/news/ministry-industry-mineral-resources-announces-183600837.html (Saudi mining)

https://www.futuremineralsforum.com/

https://www.futuremineralsforum.com/conference-speakers/

Brian Hosking speaker (Probably Harry going to be in Ethiopia instead for bank sign off followed by TK launch even though kefi got some new licence areas at the last forum and and G and M (kefi/Artar JV) are a sponsor this year)

https://www.futuremineralsforum.com/sponsors/platinum-sponsors/gold-minerals/

"The Hill is a top US political website, read by the White House and more lawmakers than any other site -- vital for policy, politics and election campaigns."

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

Think the usual suspects know what they are saying is cobblers they are just getting desperate and want to spam over any good news.

Just a reminder the Shindig went well and Bank go ahead is expected soon and a had a very positive article see above.

Anybody that is remotly clued up knows a large part of the rise of bitcoin and return of gold is down to the basket cases that are western econmies.

https://finance.yahoo.com/news/america-now-paying-more-interest-113000593.html#:~:text=Nearly%20%242%20billion%20is%20spent,for%20corporations%20to%20borrow%20money.

"Nearly $2 billion is spent every day just in interest on the national debt, according to the Peter G. Peterson Foundation."

Of course if you know nothing about gold kinda wasting your time commentating on a future gold miner.

Https://thehill.com/opinion/finance/575722-the-us-has-never-defaulted-on-its-debt-except-the-four-times-it-did/

As for the Uk in 1932 defaulted on its world war on debt to the US and on its 1917 gilt (known as war loan) the coupon was reduced from 5 percent to three percent. Where it comes to UK can kicking 1946 loan (ww2 war debt) with Canada and the USA finally paid back in 2006.

Those are just the obvious modern examples you could also argue the people got scammed over the giving up their gold in past when the US government set the rate.

As for foreign currency kefi will actually be bringing foreign currency into the country through its gold sales as will other miners that are encouraged to by kefis example.

Think two African banks that have Ethiopia as a member know about Africa and the conditions in Ethiopia and want a slice of the action are going to say game on.

Ethiopia still haggling over the terms they are actually in a better situation than they were earlier in the year as “However, given recently secured debt service suspension agreements with official creditors, including China, and some commercial lenders,”. Do you think the US Uk will ever be able to pay off it debts? What Ethiopia will do is what most of the world does is kick the can down the road.

About the only country that is being straight is Argentina which has defaulted nine times with its new leader admitting they have no money.

As for paying money back kefi will not be selling its gold in the local currency a simple fact that you seem to have missed.