RE: Newby27 Nov 2023 12:50
The short version is waiting on bank credit and board approvals which could come at a time between the next couple of days to next couple of weeks according to the banks themselves in a letter that they sent to kefi. This is the key stage in the whole process. The banks want skin in the game by having a chunk of the equity at project level the law has been changed t o help get kefi over the line by the Ethiopian government and just had the leader of the country chatting to the companies Ceo at the mining conference and pictures of them chatting on the leaders twitter feed and a national newspaper. The building of the mine and production will be done in phrases and open to the usual vagaries of building a mine but the company will be kicking on with building another gold mine in Saudi and further down the track a multi metal deposit in Saudi as well and a middle eastern listing.