Member Info for Robjm66

Harry already said that everything flows from credit and board approval several times and it does.

Probably Harry will get a nudge for an update if we do not hear anything this week. Obviously the company expected news around now hence the recent webinars talking to TW and the promotion. I would guess the plan was to do all the promotion off the company and the country as a mining destination then fly back to Ethiopia. Think having got to the stage where all the major hurdles were cleared no need for Harry to babysit things so much as going to be in the hands of bureaucrats lawyers and so on and even with people breathing down their necks tend to work at their own pace.

HtTps://www.capitalethiopia.com/2023/09/25/kenticha-site-ushers-in-lithium-processing-plant/ (Ethiopia mining)

htTps://www.zawya.com/en/markets/equities/saudis-united-mining-industries-sets-price-range-for-ipo-l9es4602 (saudi mining IPOs)

htTps://www.ugc.com.sa/ (Saudi mining IPOs) Should be interesting to see how successful the IPO is.

htTps://english.aawsat.com/business/4562946-chinese-investors-briefed-industrial-mining-investment-opportunities-saudi-arabia (Saudi mining)

htTps://www.zerohedge.com/markets/new-era-gold-estimated-world-official-gold-holdings-reach-record-high (gold)

htTps://www.zawya.com/en/economy/gcc/saudi-arabia-economy-joins-trillion-dollar-club-yxcitm0z (Saudi general)

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

When the volume is ten times or more what it is today somebody might know something.

Question answered before basically it now will not be needed as deal going to be fully funded. As for giving shareholders a general say to save time hands up those who do not want TK to get funded and a mine built (apart from TCM).

https://www.investormeetcompany.com/investor/meeting/post-agm-investor-presentation-6

Q19: There was mention of an EGM to allow shareholders to vote on various parts of the financing in June – when is this now expected?

https://www.kefi-goldandcopper.com/files/announcements/kefi-ethiopia-operational-update-5sep23.pdf

Over the past month, details of the US$390 million development funding have been further refined within the finance syndicate, all members of which are active in the region and plan to inject funds at the subsidiary level..

As for all the cobblers about trading patterns no floods of buying or selling even the rise up to around .7 over September was not on massive trading volume but a small amount of trading moving the price suggests when we do get large volume the SP will move a lot.

No the I word has been banned now using my favourite phrase "first cab off the rank" joking apart have several cabs now "Having a visit to our Segele mine site with representatives from the Ministry of Mines, Gambella region and Dima woreda. There is strong support for our project." https://www.facebook.com/akobominerals Plus Allied gold

https://www.ft.com/content/92950b78-1044-4be5-8c90-853cbedf5d31 "including investing $500mn in the Kurmuk project in Ethiopia." With Kefi think people just holding fire as they have been burnt before but if yo look at theming sector in Ethiopia it is a whole new ball game and Saudi is the place to be.

Had a project update only ten days ago..

https://www.kefi-goldandcopper.com/files/announcements/kefi-tk-project-update-12sep23.pdf

Ethiopian Capital Controls: the National Bank of Ethiopia ("NBE", the Ethiopian Central Bank) proclaimed and published a new NBE Directive(This was one of the final action points remaining to enable completion of the Tulu Kapi Project financing package;)

Other Ethiopian Government confirmations have been received. Formal approval of the updated Environmental and Social Impact Assessment has been received,

together with the requested updated completion schedules by the electricity and roads authorities for offsite infrastructure.

Only documentation and administrative matters remain

---

That’s after comprehensive Quarterly update and several webinars including one where the mining minster said nice things about kefi the African banks flew into to Addis to thrash things out successfully and the mining minster flew out to Australia to see the contractor members of the consortium. Other news is another mining company planning to put 500 million dollars into an Ethiopian mining project.

If anyone is bored by the lack of activity we should hopefully get more news next week.

Well the last update was the Ethiopian central bank removing what should be the last obstacles to doing business it was reported widely n the Ethiopian press as well as by Harry. Think people will get more excited about Saudi after a upgrade in resources at JQ what would be perfect is sign off of some credit and board approvals followed by news on JQ next week.

Https://www.marketscreener.com/quote/stock/ALLIED-GOLD-CORPORATION-159090926/news/Allied-Gold-s-Jane-Sadowsky-Named-to-List-of-Influential-Leaders-44889543/ (Ethiopia mining)

https://regtechafrica.com/ethiopias-central-bank-provides-long-awaited-assurance-of-currency-convertibility/ (Ethiopia mining)

Trouble is people lumping different things together the key is board and credit approvals expected this month its there in the presentation slide 17

https://www.kefi-goldandcopper.com/files/presentations/kefi-gold-forum-americas-pres-20sep23.pdf funds will be used only when required in tranches over the construction phase. Everything flows from board and credit approvals as then the whole syndicate is happy for things to proceed everything else is the usual process around constructing a mine.

Well sorry if I jumped down your throat but not helpful pulling one comment out of the Webinar with no context ten minutes before market close. The context is things remain on track if you did not see the webinar and were just waiting for the comments you would have thought things had been pushed back several months.

Start

htTps://www.kefi-goldandcopper.com/files/presentations/kefi-gold-forum-americas-pres-20sep23.pdf

Harry first visit to this conference introduces himself and his history..formed three companies..gold council..

Talking about Arabian Nubian shield..how do yo unlock the potential… over night success after 15 years..here we are largest exploration team team in Saudi …game on..prospects will double large pipeline..

Two discoveries in Saudi walk up drill targets worth the wait two major discoveries. Everyone wants to talk about Saudi Arabia granted 14 licenses last 18 months…Hawiah growing.. feasibility study..JQ building its ounces before we launch a string of resources at JQ site looking to trigger JQ first

Ethiopia shovel ready project going through finance closing procedures can now go to final credit and board approvals recent break through with the central bank.

The crowd has arrived…allied gold largest IPO in a decade and for a Ethiopian project Will be on everyone's lips…history lesson on Ethiopia…kept syndicate together.

Bottom line is we are ready to go.

Saudi third pillar of Economy..driven government o make it happen like Ethiopia to make this sector boom. Allied gold IPO last week comparison on slide.Kefi done all the hard yards nearly a billion dollars between the two companies put forward for Ethiopia.

Amak comparison slide Amak 1.4 billoi for resources about the third of the size of Kefi capital sector really want to get into Saudi capital in KSA will not be a problem for us.

Money will be raised at subsidiary level in Saudi .Valuation compare to other companies slide. Board slide.

Corporate snapshot slide Aim weak market however..the stars have aligned for us on the ground our funding are at the subsidiaries and we will grow in value we are only trading at 14 15 percent on project that will double in scale. Hard work of team about to be awarded about to be awarded with projects in both countries.

...

“game on”

“Ethiopia shovel ready project going through finance closing procedures can now going to final credit and board approvals recent break through with the central bank.”

“Bottom line is we are ready to go.”

“Hard work of team about to be awarded”

Put this together with the slide no 17 of presentation other webinars TW piece and Rnss still expect Board and credit approvals this month.

Https://www.kefi-goldandcopper.com/files/presentations/kefi-gold-forum-americas-pres-20sep23.pdf slide 17 seriously engage brain FU2.

Up and running talking about the construction phase after board and Credit approvals and moving of villagers.

Webcast available today at 4:10 free to register. htTps://www.goldforumamericas.com/company-session/3135/

“The comedy just writes itself on here.” No do not put yourself down. Joking apart notice you are now arguing over how much this will go up after the deal has been signed rather than saying this will not get done, that's the punchline.

Ok fast and dirty run down as harry will be walking us through the whole thing later.

https://www.kefi-goldandcopper.com/files/presentations/kefi-gold-forum-americas-pres-20sep23.pdf

Slide 3 • HAWIAH (COPPER & GOLD) (PFS COMPLETED)

• JIBAL QUTMAN (GOLD) (PFS COMPLETED)

• TOTAL RESOURCE BASE 3M oz (Au eq) AND GROWING

144Koz(TK)NOW CLOSING US$390M PROJECT FUNDING FOR LAUNCH (1930x144000 Equals 278 million dollars gross revenue per year)

Slide 7

Allied Gold listed on the TSX in Sep 2023 raising US$267M to develop its Ethiopian project Kurmuk (so obviously is possible to put finance together to develop a mine in Ethiopia) (Kefi market cap 40 million dollars Kurmuk 860 million dollars so over 20 times the market cap)

Slide 8 Same story really but a even bigger disparaty

Slide 11 talkng about Lithium again wonder if kefi have their eyes on a area.

Slide 18 Drilling to upgrade and expand resources

➢ Development Commitment Q4 JQ

Thanks Nigel.

Https://www.thereporterethiopia.com/36637/

The National Bank of Ethiopia (NBE) is committed to offering the much-anticipated guarantee of converting local currency funds to hard currencies for foreign investments deemed “strategic.”

In its latest directive issued a week ago, the NBE allowed the opening and operation of offshore accounts for strategic foreign direct investment projects, mainly mining and Public-Private Partnership (PPP) projects with large capital investments.

The directive also gives a guarantee for mining and PPP projects working in the energy sector to convert their local currency earnings to foreign currency to repay loans as well as repatriate dividends.