Member Info for Robjm66

Https://www.kefi-goldandcopper.com/files/presentations/kefi-gold-forum-americas-pres-20sep23.pdf comparison of Kefi Amak slide 8 other companies slide 9

5.48 minutes in kefi https://www.youtube.com/watch?v=hYy3ftQd9Kk

new investors might find these helpful.

https://investingstrategy.co.uk/mining/gold/kefi-shares-investor-overview-for-q4-2023/

https://www.investormeetcompany.com/investor/company/kefi-gold-and-copper-plc

https://www.kefi-goldandcopper.com/

https://*************.com/views/70788/tom-winnifrith-bearcast-back-from-the-cheshire-fuzz-speed-course-as-kefi-flies-on-a-dreadful-day-for-parody-account-magna-carta

https://*************.com/views/70458/tom-winnifrith-video-shareshow-no-33-eldur-olafsson-of-amaroq-and-harry-adams-of-kefi-gold-copper

"This WILL get done quickly” "This SHOULD get done quickly” well it should and it did pity they did not hold over the news and release it early morning but guess they had to release it as soon as it happened in case it leaked.

“In addition to the historical KEFI investment of c.US$90 million, and the planned secured debt and mining contractor components, the US$130 million equity-risk component has been allocated within the project finance syndicate and comprises equity-risk notes to investors already active in Ethiopia and share issues by TKGM and KEFI Minerals (Ethiopia) Limited to Federal and Regional Government. Bank credit approval will allow formal Board approvals to proceed for the equity component and, subject to final confirmations, all Project funding will have been secured.”

Recognised historical investment of ninety million 90 million dollars that will feed through to share of TK and a market cap of 44.53 and that does not include everything else just shows how miss-priced the market cap is.

Https://www.fanabc.com/english/eu-reaffirms-support-for-ethiopias-reform-undertakings/ (Ethiopia general)

https://resourceworld.com/barrick-gold-plans-us2-billion-zambia-copper-expansion/

(Africa mining/copper)

Https://addisfortune.news/half-a-billion-dollar-gold-project-inches-from-shovel-ready/

Probably the company refereed to in the FT article as Canadian

Thanks for hanging on my every word TCM her and elsewhere but the argument is that other companies are one watching what is happening with kefi and two need themselves the issues around foreign exchange sorted.

By the time I had posted it twice I was thinking more about what was the Canadian mining company mentioned and was the article in the FT an effort from Ethiopia to reach out of the west or vice a versa would have edited my post on both boards but it can only do so on ADVFN, however I can see that only people actually interested in kefi prospects would be interested I such things.

Improving relations with west?

https://uk.sports.yahoo.com/news/eu-pledges-delayed-680-million-192841296.html

https://international-partnerships.ec.europa.eu/news-and-events/news/global-gateway-european-union-launches-cooperation-priorities-ethiopia-peacebuilding-reconstruction-2023-10-03_en

This will get done quickly as otherwise it will hold up investment from other foreign investors not just kefi and the Finance minister is on the case.

“awaits from the Ethiopian central bank a formal confirmation of details of

operation of offshore banking as has been agreed informally with TKGM and its project finance banks”

https://www.ft.com/content/33a91728-c23f-4165-a659-1debb4dc506e

“Ahmed also vows “to open the banking sector” to foreign players, amid interest from Kenyan banks, one of the government’s many “bold reforms”, he says. Canadian miners and German carmakers are exploring opportunities in Ethiopia, says an adviser to investors, but foreign companies struggle to repatriate profits and access foreign currency to operate. In response, Ahmed says the liberalisation of the foreign exchange system “will be addressed”.

Mentions it in the RNS "Final credit approval awaits from the Ethiopian

central bank a formal confirmation of details of operation of offshore banking as has been agreed informally with TKGM and its project finance banks.

This clarification complements and clarifies the policies and principles set out in recent published National Bank of Ethiopia Directives waiving

strategic mining projects from foreign exchange control and capital controls." Should not take long considering they changed the law to make it possible and it is agreed in principle.

https://*********************/media/kefi-gold-and-copper-expecting-production-from-tulu-kapi-by-christmas-2025/id/18954

Https://www.proactiveinvestors.co.uk/companies/news/1028343/kefi-gold-and-copper-expecting-production-from-tulu-kapi-by-christmas-2025-1028343.html

Thanks Bear (again) clear from reading it that the consortium especially the banks supports kefis move and what ever happens TK will go ahead.

Easy to finance JQ which can finance the Saudi side with Artar and the Sidf loan.

Not his decision but the old mining minister that resigned before he was going to be moved effectively sacked. Its actually better to clear up the whole matter now when other mining companies are weighing up investing in Ethiopia. While Harry has said he likes the present mining minster in the past, and has been happy to fly the flag for Ethiopian mining he is here to represent kefi first.

Company not dissing the present minister just want the matter sorted and the present minster inherited the problem from the ex minster who left a huge mess for the current minister to sort out in the mining industry generally in Ethiopia.

Well originally it was 1000 square KM considered proximal as it is around the TK licence area and within 50km trucking distance of TK not the main licence area.

Well in theory kefi could just go ahead with TK then further down the track just develop the underground deposit there and the main damage would be to the Ethiopian mining industry with other mining companies either stopping or delaying their investment in the country.However that would mean Kefi losing out on a big exploration area and future expansion in Ethiopia and would have to pivot fully to Saudi as could not justify further investment in the country.

A possible compromise could be the granting of other areas equivalent to the areas that are up in dispute to either kefi or the Hong Kong shell company but that would still be damaging to the Ethiopian mining industry if kefi got areas away from TK just less so. It would be better to quietly offer the shell company a first in the queue opportunity to new areas away from TK if you are going to offer them anything.

Patshare does not mention court action has lodged a formal protest then if they get no joy with that its administrative action probably something formal with the mining ministry. Doubt the Ethiopians will want it to get anywhere near a court with the ex mining minster being dragged into it.

Https://www.proactiveinvestors.co.uk/companies/news/1028176/kefi-gold-and-copper-to-open-tulu-kapi-mine-this-year-1028176.html

Company decided to clear up the exploration areas issues now either asked to by the consortium or they have got informal assurances before but probably do not want problems further down the track. That is reasonable could get a new mining minster that did not feel compelled by previous assurances. Plus likely some money in the overall package is earmarked for early exploration of those areas.

Up to the Ethiopians how quickly they want the deal done, the timing of the webinar suggests it will get sorted out this month.

“Optimistic about resolving this situation, KEFI has applied for additional exploration licenses in Ethiopia.

Its a pain in the rear but what with the other mining companies looking to invest in Ethiopia recently if the Ethiopian have any sense they will want this sorted fast as well.

Just thought i would point that out as for Harry having to face a vote of confidence if he does not get a deal in 24 hours 😂

How are things different this time.

1.Suppportive mining minister think TK would be up and running if not for the ex minster.

2.Ethiopia now part of the the two funding banks.

3.Government changing the laws to accommodate foreign investment.

4.Ethiopian desperate for the revenue even more so than in the past.

5.Company never got as close as it is now.

6.The other mining companies that Ethiopia want to invest in Ethiopia including one that could generate billions and is planning on investing 500 million dollars.

7.The progress in Saudi means JQ future revenue can backstop future money needs which means kefi more secure.

8.Local government will get a greater part of Ethiopia share.

9.Harry never looked so relaxed he even nearly smiled in one of his webinars.

10.Consortuim involvement from banks flying to Ethiopia to the Equipment contractors giving a tour to the Ethiopian mining minster.

I could probably think of a few more things but basically the company has never been as close as it is now to getting TK of the ground.