Member Info for Robjm66

DSRT first been said before in RNS and other pieces the company will have funds for TK that's not new.

Second “Final credit and board approvals for the project financing are in progress this week,” once that’s done everything else will flow from that.

Third apart from kefi have a multi billion pound lithium mining project in the works so mining minister not going to just go to Australia on a jolly.

https://www.thereporterethiopia.com/35990/

Fourth big projects are going ahead in Ethiopia

https://www.globalconstructionreview.com/kenya-ethiopia-agree-to-start-13-8bn-railway-in-2025/

As for Saudi was mentioned that news was expected soon, that's good.

HtTps://www.miningweekly.com/article/kefi-nearly-ready-to-start-construction-at-tulu-kapi-gold-project-2023-09-05

Meanwhile, some ERNs have the potential to be converted into Kefi shares starting from the end of the third year after fund drawdown. The conversion will occur at the higher of the price at the fund drawdown or the prevailing market prices based on a volume-weighted average price.

There is, however, an option for Kefi to elect cash repayment, which is considered feasible, given the expected healthy surplus cash generation from the project, either at or near the current long-term consensus gold price of $1 850/oz

"A recent development was the publication of a new NBE Directive on 14 August 2023 in respect of foreign exchange controls, which is now being combined with TKGM specific project details. The changes within the Directive are positive for the country and KEFI is incorporating for its own situation."14th of august this year.

FXD/79/2021(“New Directive”)) that takes effect from 06 January 2022. The basic changes introduced by this New Directive are: Total surrender amount is increased: Under the New Directive, exporters and inward remittance earners are required to surrender 70% of their total earnings to NBE...

This is superseded by the new directive FXD/83/2023 posted about this earlier on a different board so a new low even by TCM to post up information he must know is inaccurate and out of date. Clear he just chopped of the date when it says in the RNS the date was August this month. Not that shocked though this is par for the course for TCM.

https://nbebank.com/wp-content/uploads/pdf/directives/forex/fxd-83-23.pdf

Https://www.thereporterethiopia.com/35893/

"The National Bank of Ethiopia (NBE) has decided to double the percentage of foreign currency that Ethiopian exporters can retain from their export earnings." think this is what the company is referring to but cannot totally swear to it.

Https://www.share-talk.com/rns-hotlist-with-zak-mir-gmet-rbd-rbw-cel-men-kefi-atm-getb-luce-88e/

Come on kefi will get two goals in injury time. Joking apart think there is a lot of detail in the RNS and the consortium is obviously spending a lot of time and effort to get this done. If people have questions the obvious route is to send them in for the webinar those that are actually interested in kefi of course that does not include the people that are praying for the company not to succeed.

Its simple really do you believe all the consortium is going to this all trouble not to launch TK?

Obviously the mining minister like the consortium not going all the way to Australia for a holiday.

Https://www.proactiveinvestors.co.uk/companies/news/1025444/kefi-gold-expects-big-news-quarter-as-tulu-kapi-nears-start-line-1025444.html

Final credit and board approvals for the project financing are in progress this week, it said, ahead of the launch in the final quarter of 2023 and first production by end 2025.

Talks this week include discussions with the National Bank of Ethiopia over foreign exchange controls, one of the final points of the financing, said KEFI.

Over the past month, details of the US$390 million development funding have also been further refined within the finance syndicate, said the statement.

A further update on the company's activities in Saudi Arabia is expected to be announced shortly, KEFI added.

Government Facing Agreements

The necessary Ethiopian laws and regulations continue to be revised in conjunction with the finalisation of the syndicate's definitive agreements amongst itself and with Government agencies. This week's activities include:

-- Syndicate lenders meeting with the Company in Addis Ababa finalising details with the National Bank of Ethiopia ("NBE", being the Ethiopian central bank) as regards capital controls. A recent development was the publication of a new NBE Directive on 14 August 2023 in respect of foreign exchange controls, which is now being combined with TKGM specific project details. The changes within the Directive are positive for the country and KEFI is incorporating for its own situation. This is one of the final action points remaining to completion of the Tulu Kapi financing package. The meeting will address the specific details and documentation requirements flowing from these changes with respect to the Tulu Kapi development;

Other project finance syndicate members are meeting with the Company and the Ethiopian Ministry of Mines ("EMM") in Perth Australia, addressing the few remaining loose-ends with EMM-facing agreements. These parties have also been taking part in instructive mine and processing plant inspections while in Australia. A recent development was the publication by the EMM of a draft new Mining Proclamation, which is now being compared with TKGM specific project details; and

-- Field teams meeting local government in zonal government centre Ghimbi and municipal government centre Genji, planning the launch of community programmes.

Technical and Organisational Preparations

-- Independent technical expert to the lenders, Behre Dolbear International ("BDI") has reported and confirmed TKGM's readiness for development launch;

-- Elevation of security protection in the district around the project site and our offices with regular independent monitoring by security expert Constellis, whose recent report concluded that TKGM's approach to securing the mining licence area, its other sites and the routes in and out are sensible, pragmatic and in-line with security best management practice; and

-- Grade-control drill-planning for 2024 open-pit operational readiness programmes and resource-extensional drilling-planning for the 2024-2025 underground mine feasibility study…..

And it goes on a lot of detail basically all the Syndicate wants this to happen and is working through all the red tape and things needed to get it done. Maybe the company could have dribbled some of these developments out and shown things are on track rather than just relying on harry just saying things are on track but would people have listened?

Think its going to be long webinar anyway with all this happening at TK.

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

TCM they advertise when they think they are getting close by your logic if they were not looking to fill any roles for that would be positive.

I would say what the have is in common Upshunt is they have been driven into the hands of China and Russia by western interventions, fear of sanctions and the perception they are getting a raw deal for their resources.

As for bombing middle eastern countries guess it lucky we have never done that…

HtTps://www.2merkato.com/news/capital-market-and-commodity-exchange/7472-ethiopia-ecx-to-launch-an-online-trading-application (Ethiopia General)

htTps://www.arabnews.pk/node/2365316/saudi-arabia (Saudi mining)

htTps://www.zerohedge.com/political/golds-resilience-gives-out-recessionary-vibes

(gold)

htTps://www.fanabc.com/english/ethiopias-accession-to-brics-opens-new-field-0f-cooperation-ambassador-dos-santos/ (Ethiopia general)

htTps://www.zawya.com/en/economy/gcc/saudi-arabia-aims-to-be-a-key-partner-to-solve-shortage-of-mineral-supply-chains-in-the-world-eh75golv (Saudi mining)

htTps://www.youtube.com/watch?v=yAlJOJGh2ak (copper)

Fantasy contrasted your post with people that have no shares by implication I am saying you have shares.

Harry usually does a better job with his quarterly webinars and I have already said he should get someone else to do the short proactive pieces and it’s a mistake to do webinars when he is tired or jet-lagged.

Ok so Fantasy will not be interested in the Webinars so we will not see any posting from him connected to that I would say that does not make sense but looking at all the posts from people that have no shareholding or real interest in Kefi and just post here 24/7 out of their kindness of their hearts that almost makes sense.

Would have expected the analyst webinar maybe both webinars to be moved if nothing major was going to be announced. “The quarterly open-forum webinar for all investors will be complemented with a separate presentation and

webinar directed at industry specialist analysts.”

Not that worried by Harry being quiet he needed a break and better to come back when there is something new to say.

Ok Aqua I will bite Well 1. Navel task group well against who? China Russia Hypersonic weapons. Long range bombing can be done by missiles plus greater range of aircraft means more likely to be aircraft from land anyway.

Cover for amphibious landing have we really even go the capability to do that any more on any scale? Humantarian aid cheaper ways of doing it. Gunboat diplomacy better to have a royal yacht and soft power. 7 you do not need an aircraft carrier to have an HQ maybe a few IT guys a satellite link and a few laptops well I am exaggerating a bit but you get the idea. Ditto number 8. 9. Airbnb. 10 Royal yacht.

All that’s before you get into what other kit the armed forces could have had instead of the aircraft carriers, their general effectiveness or reliability and has the Navy got enough ships to protect the Carriers anyway.

Went up the other day by about the same percentage on no news. Maybe FU2 not a moron just does not know the difference between billions and millions.

(Off topic)

Does not help when 7.6 billion is spent on two white elephant air craft carriers when we are in the age of the drone FG. The weakness of western armies is kind of shown up when between all of them supporting Ukraine we can not even match the production of Russian artillery shells. Then you have China having a majority share of critical minerals needed for weapon production.

Https://www.dailymail.co.uk/news/article-12456817/Prigozhin-alive-plotting-revenge-Putin.html Have you not heard Prigozhin is going to make a come back and topple Putin first first 😉