Member Info for Robjm66

Addis Standard on X: "#Kefi Gold secures USD340 million for Tulu Kapi in #Ethiopia Kefi Gold & Copper PLC - gold and copper exploration and development in Ethiopia and Saudi Arabia - Raises GBP774,245 before expenses from its retail share offer, just short of its GBP1 million goal. Kefi will issue https://t.co/XLDH7SeNPe" / X https://share.google/W2ymWM3frSTbqxTem

Openpit deal put together by more than a hundred legal advisers so obviously it's clear and straightforward 😉

Emcauslan

“Detail - $20m "to the value of" to Ethiopian government , on completion of roads and infrastructure - ie nae money into company” that is what has been agreed for a long time if it had changed the government would have wanted a bigger share of TK or TKGM.

“26m KEFI Ethiopean prefs - "to be raised, subject to certain conditions" (not specified) - ie nae money at the moment”

KEFI Ethio Prefs features:

• 8 Year Term

• Redeemable at the same official exchange rate (Ethiopian Birr to US$) as at issuance

• 15% yield which accrues for the first 4 years, payable in US$ or BIRR-equivalent of US$ (as at

date of issuance)

• Potential upside for investors based on the difference between the gold price prevailing at the

time of issuance and as at maturity, calculated and payable at maturity by multiplying that

price difference by the gold oz-equivalent of the sum invested

Do not see any problem there basically its a hedge against the Birr or a bet on a rising gold price

“$30m gold streams - er. not quite finalised yet.”Anyone see any problem there considering the streamers enthusiasm “The conditionality of these funds’ due diligence is considered by KEFI as largely procedural because of the..”

“That should about cover it, eh?”

Also

Ongoing negotiations may secure up to an additional US$30 million in non-ownership-dilutive

equity risk capital for KEFI. If successful, US$15 million will be set aside as a cost overrun

reserve, and US$15 million will fund exploration and development in Ethiopia and Saudi

Arabia.

You can cry about the lack of detail in some area but obviously kefi had to come up with a statement after the metal streamers Video covered where things were at. On the plus side probably knocked some days of final sign off by all parties by concentrating minds.

Cannot do much about your bruising but hope you are less baffled now.

Https://www.ena.et/web/eng/w/eng_7984146

Addis Ababa, December 23, 2025—Ethiopia is strategically capitalizing on its abundant mineral resources to drive a significant transformation in its economy, ensuring that this natural wealth lays the groundwork for accelerated development.

Speaking to ENA, Minister of Mines Habtamu Tegegn stated that the government is implementing the ‘Medemer State’ philosophy, which particularly emphasizes harnessing the mining sector’s potential to significantly contribute to national prosperity.

In recent years, the government has identified mining as one of five key pillars of the national economy, recognizing it as essential for structural transformation...

Https://hornreview.org/2025/12/23/ethiopia-in-the-context-of-the-united-states-reoriented-global-strategy/

https://www.aa.com.tr/en/africa/ethiopia-us-sign-16-b-health-care-cooperation-framework/3779008

*Sorry should read do not see him..

Harry might change his role do see him being able to oversee everything as the company expands especially if they hold onto Saudi as well.

Think marketing and communication is one area they could do with outsourcing bonkers let's be honest it's always been kefi's weakest area.

Konso I would joint venture it going to be lots of money looking to get into that area https://www.kefi-goldandcopper.com/files/announcements/kefi_konso_ethiopian_el_awarded_4_dec_24.pdf get some US or western money that is chasing critical minerals.

As for the lost licence areas a lot more chance now to get them back with more Ethiopian participation in TK and a future listing as mentioned in the RNS.

Would expect some kind of decision on Saudi in January as Artar will want progess Getting TK sorted will no longer be an issue and if kefi are going to trade areas and prospects makes sense to do it as early as possible rather than spend money on areas you eventually do not have exposure to the upside with.

Not sure if their will be big over hang at all depends where the shares went to.

As for marketing PR you seem to have forgotten kefi streaming partner is going public in three months we can ready see he is not the kind sit on his arse his whole philosophy is speed.

Saudi makes sense to do some swaps around prospects and licence areas harry already said he is open to the idea and its feasible https://www.argaam.com/en/article/articledetail/id/1864670 personally would boost the share of Jibal Qutman by giving up the share of Hawiah.

Get tempted just greenbox the mischievous and plain malicious Sharezy but then they can pull even more stunts with those that they might take in.

A lot of tourists that say they have sold or would not touch kefi with a bargepole or trash the share at every opportunity but still live one this board.

Good post Slowly and well explained.

Give it up Magic orb the deal is there and will get signed.

Yeah totally Slowly would not mind seeing some kind of listing in Saudi as well one day the emerging markets is going to be where the money is in the future. These countries want involvement and fair treatment.

https://www.proactiveinvestors.co.uk/companies/news/1084872/kefi-ready-for-launch-as-after-unveiling-340m-of-debt-and-equity-funding-1084872.html

Company managed to have good Ethiopian involvement as well with KME listing or TKGM further down the track and "selected Ethiopian investors" This will pay dividends if you will excuse the pun over the long term.

"TKGM will issue ordinary shares valued at US$20 million to the Ethiopian Government, representing approximately 12% of TKGM's equity. Combined with the government's existing 5% free-carried shareholding, this will result in a total holding of approximately 17%. The issuance of these shares is contingent on the completion of road and electricity infrastructure, anticipated by the end of 2026.

Selected Ethiopian investors have been invited to subscribe to KEFI Ethio Prefs, which are linked to both US dollars and gold price. Issuance of these shares is subject to certain conditions and the execution of definitive legal documentation. The KEFI Ethio Prefs will be offered through KME Minerals Ethiopia Holding Share Company ("KME Ethiopia"), KEFI's newly established Ethiopian holding company or its subsidiary TKGM and, in either circumstance it is proposed that the KEFI Ethio Prefs be convertible into Ordinary Shares of KME Ethiopia upon its intended stock exchange listing in Ethiopia after production has commenced.

Conditional applications for KEFI Ethio Prefs totalling US$26 million (in the Ethiopian BIRR equivalent) have been received, with detailed negotiations in progress with a view to finalising detailed documentation to be approved by project finance lenders prior to execution. Additionally, further but less advanced conditional applications amounting to US$20 million are under review for approval by relevant Ethiopian investors."

As announced on 20 October 2025, US$240 million debt offering had been formally accepted and certain fees and costs already settled from funds drawn under KEFI's working capital arrangements. The detailed facility documentation is now in circulation for signing. In circulation now...next year is little more than a week away the debt will be drawn down in tranches and you missed this..

"The various forms of equity risk capital will be largely deployed prior to debt drawdown during 2026, ".

Https://goldprice.org/ The way gold is going up not unrealistic some money might find it way to shareholders by a dividend once TK gets producing with a gold price probably twice what it is now or more. On the other hand kefi might get taken out before it even hits production I give you that.

tom winnifrith bonus bearcast: kefi placing but all funding secured, the shares have never been cheaper on a risk reward basis » ************* https://share.google/8qjbzgw3rqscbi76u

KEFI Secures US$340m Financing to Launch Tulu Kapi Gold Project - TipRanks.com https://share.google/LsglRtZmSDo6CbJyM

The structure is designed to fully fund budgeted development costs, preserve around 83% project ownership for KEFI, broaden local participation, and potentially secure a further US$30 million in non-dilutive funding for exploration and cost overruns. Company projections at gold prices between US$3,000 and US$5,000 per ounce indicate strong economics..