Member Info for Robjm66

Old joke Wayne "Jaws 2 was briefly the highest-grossing sequel in history until Rocky II was released in 1979. The film's tagline, "Just when you thought it was safe to go back in the water..." has become one of the most famous in film history and has been parodied and homaged several times."

Just when you thought it was safe to go back in the water ;-)

https://www.***************************/kefi-gold-and-copper-updated-company-presentation-2/4121117821

With two-days of 1-on-1 meetings matching projects to investment capital, a conference programme packed with market intelligence and investment ideas, and participation limited to investment professionals and mining executives, 121 Mining Investment London offers a highly efficient use of your time and resources.

No plebs like me then any big fish here that could sneak in?

https://www.kefi-goldandcopper.com/files/presentations/kefi-121-conference-presentation-3may23.pdf
Sorry Bear needs a proper thread or it will just get lost. Well skim reading impressions are there is not a massive amount to do to launch TK. Looking at slide 11 Ethiopian partners ready to take a greater share if kefi does not cover it. Getting continual emphasis on not just TK but exploration and district.

Other take aways obvious for anyone following things kefi drastically undervalued and has massive up side on Saudi listing slide 18

• AMAK (Al Masane Al Kobra Mining Company) is listed on Saudi Stock Exchange and has a market cap of $1.4 billion² • KEFI is listed on AIM with a market cap of only £38M ($47M).

You can argue about how Nav but kefi has multiple areas where there are exploration expansion prospects (districts) and three main projects a multiple exploration areas all the ingredients of a future mid cap miner if not taken over.

https://www.weare121.com/121mininginvestment-london/

Well Nowornever my read is most of kefis share of TK is coming through the recognition of the companies historic spending of "historical equity investment of c.US$95 million" so the warrents are just a part of the rest of the package"The residual Project equity finance requirement" . Plus they do not expire till April next year so plenty of time for them to be used as the money only going to be needed in tranches. Also have local and national government and regional investors "The largest of these regional investors is a British multinational industrial group investing US$15 million" if they are the largest there must be one or two that are kicking in smaller amounts that are not listed in the Rns.
The Rns does not cover everything in detail but my impression is the warrents are not critical to the go ahead of the project rather the are more critical to if kefi get nearer 70 or 80 percent. Ironically once it get fixed in peoples minds that the warrants are not critical to go ahead and cannot derail the project people are more likely to use them as the share price grows along with the confidence that TK is going ahead.

Well was hoping for a walk through from the company on the Umbrella as we have not got it yet, here are some of my very rough notes while we are waiting.

PW Mining https://pwmil.com/ https://www.mining-outlook.com/corporate-stories/pw-mining-showing-africa-the-way

https://www.lycopodium.com/

“KEFI s has already provided historical equity investment of c.US$95 million in the development of the Project to date. The residual Project equity finance requirement” Kefi past investment recognised goes towards kefi share so 70 percent plus warrant revenue share up to 80 percent.

“The largest of these regional investors is a British multinational industrial group investing US$15” which company? million”https://www.ethioembassy.org.uk/trade-investment/

Many UK businesses operate in Ethiopia, including well-known companies such as Tesco, Unilever, Diageo, Glaxo Smithkline

Warrant money negligible amount 2 to 4 percent only of c.US$320 million development costs and still have a year to be exercised if not triggered automatically or exercised by holders at around 1.7 and not all money will needed in one lump anyway. Project not dependent on warrant money.

Signing of the Agreement follows AFC reaching an agreement with the Ethiopian Government in March 2023 for Ethiopian country membership, which now enables the same local rights and protections to both of our co-lenders (no more problems over all the banks being treated the same)

“notably clarification of the details of capital controls for internationally syndicated project financings.” Ethiopian national bank been very helpful in the past and banking sector in Ethiopian being reformed anyway so will not be a problem.

“within approximately two years of production cash flows commencing.”
Faster repayment of debt due to higher gold price hence banks happier to invest more money into project.

“KEFI expects to call a general meeting in June 2023” Not that far off so should get good news flow between then and now.

https://www.standardmedia.co.ke/opinion/article/2001471973/why-ethiopia-is-the-new-frontier-for-strategic-foreign-investments
(Ethiopia investment)

https://apanews.net/2023/04/29/german-chancellor-scheduled-to-visit-ethiopia/ (Ethiopia general)

https://english.news.cn/africa/20230429/5d72c21015bd42a1aa3b7249b6387098/c.html (Ethiopia investment)

https://www.arabnews.com/node/2295666/business-economy (Saudi mining)

Great stuff Graham https: //twitter.com/BenGrahamStocks

https://www.ena.et/web/eng/w/eng_2736881

Addis Ababa April 28/2023 (ENA)The Ethiopian Investment Commission has today signed investment agreements worth of more than 1.6 billion USD with various foreign companies.

The Memorandum of Understandings were signed on the margins of the international investment forum being held in Addis Ababa. ..

Ok lets see who is buying it..

attended by a number of senior Ethiopian Government officials, the British Prime Minister's trade envoy, the Ambassadors to Ethiopia for Britain and for Australia,

signed by Project contractors PW Mining ("PWM") and Lycopodium ("Lycopodium"). PWM will provide mining services under its life-of-mine mining services agreement (the largest single component of life-of-mine operating costs at c.US$992 million) and Lycopodium will provide engineering, procurement, and construction management supply and labour hire services in respect of processing infrastructure under its contracts (the largest component of the c.US$320 million development costs).

led by Eastern and Southern African Trade and Development Bank ("TDB"). The positive refinement of the proposed financing terms over the past month reflects the support being shown by TDB and co-lender Africa Finance Corporation ("AFC")

The largest local partners in TKGM are the Federal and Regional Governments whose component is c. US$28 million.

includes regional investors

The largest of these regional investors is a British multinational industrial group investing US$15 million.

We thank the new Minister for Mines, H.E Habtamu Tegegn..

Look at the detail and they have even killed off the long running issue over banks being treated the same.

“Signing of the Agreement follows AFC reaching an agreement with the Ethiopian Government in March 2023 for Ethiopian country membership, which now enables the same local rights and protections to both of our co-lenders.”

https://www.africafc.org/news-and-insights/news/ethiopia-becomes-africa-finance-corporations-40th-member-state

This is on top of changes they have made to banking laws its effectively government policy to get this done now.

And you are not buying it except for a top slice and holding onto you main holding hmm wonder what more significant your continual damning kefi with faint praise or all those people and organisations backing kefi and the project.

Should have two mines and a Saudi listing in the next few years so more likely to ten bag than go bust.

https: //share prophets.com/views/68116/champagne-day-kefi-gold-and-copper-tulu-kapi-final-umbrella-agreement-signed-strong-buy-4p-by-christmas

MSA "KEFI expects to call a general meeting in June 2023 for its shareholders to approve the final funding proposal and syndicate as laid out in the Final Umbrella Agreement." however we will know well before that if every hurdle is cleared and kefi shareholders are hardily going to say no to TK development. So the argument and discussion leading up to that will probably be around is the company effectively there when things steadily get ticked off the to do list you could even argue that with the backing of several governments and the consortium kefi are not far off now.

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

https://www.investormeetcompany.com/

You will notice that though we spend most of the time talking about TK (Tula Kapi) in Ethiopia kefi has another gold mine in the works and plenty of other prospects especially in Saudi.

Feel free ask any questions as kefi has three main prospects now TK Jibal Qutman and Hawiah and tons of exploration areas and spread over two countries not the easiest company to adsorb all the info straight of the bat.

Would recommend https://www.youtube.com/watch?v=mC0s3rvVhMk from Ben Grahame to get an overview maybe the company can hire him to do a guide for new investors?

https://www.africa-press.net/ethiopia/all-news/tulu-kapi-gold-mine-envisages-full-project-deployment-signs-final-umbrella-agreement

Think you are a bit confused Donkey with your weak buy recommendation and and your advice to sell. As for final agreement “KEFI expects to call a general meeting in June 2023 for its shareholders to approve the final funding proposal and syndicate as laid out in the Final Umbrella Agreement.”
You voting against?

https://www.fanabc.com/english/kefi-gold-and-copper-plc-signs-mou-with-subsidiaries-for-investment-in-ethiopia/?utm_source=rss&utm_medium=rss&utm_campaign=kefi-gold-and-copper-plc-signs-mou-with-subsidiaries-for-investment-in-ethiopia

https://www.fanabc.com/english/amp/ethiopia-invites-global-investors-to-explore-land-of-origins-ancient-civilizations/

https://www.facebook.com/investethioeic/

https://www.facebook.com/photo/?fbid=239112305335126&set=pcb.239112562001767

The moment i go shopping...Well picked a few highlights out though the whole thing is a highlight really.

The Agreement was signed at a ceremony in Addis Ababa attended by a number of senior Ethiopian Government officials, the British Prime Minister's trade envoy, the Ambassadors to Ethiopia for Britain and for Australia, in addition to representatives of the Project's participants and financing parties. (so the new trade envoy was involved maybe I should have contacted him joking apart obviously everyone is on board)

The Agreement also confirms that project costs and financial contributions have been updated, along with technical and legal due diligence having been updated, definitive agreements prepared and that the key required government actions have been agreed.(yippee)

The Agreement sets out the development sequence for Tulu Kapi over the course of 2023 as formally laid out for the Ethiopian Ministry of Mines and signed by Project contractors PW Mining ("PWM") and Lycopodium ("Lycopodium"). (obviously as the contractors and the minister are happy its major)

The positive refinement of the proposed financing terms over the past month reflects the support being shown by TDB and co-lender Africa Finance Corporation ("AFC") (banks happy)

At the current gold price of c.US$2,000/oz, all US$190 million of senior and mezzanine debt is projected to be capable of repayment within approximately two years of production cash flows commencing. (gold price has helped get this done always helps when you can pay back everything early)

The residual Project equity finance requirement of US$75 million will be via share subscriptions in TKGM, and be covered by KEFI and its local partners. The largest local partners in TKGM are the Federal and Regional Governments whose component is c. US$28 million. (local and national governments on board)

The largest of these regional investors is a British multinational industrial group investing US$15 million. (wonder who?)

KEFI considers that the potential exercise of existing KEFI warrants will complete the required equity requirement and will leave KEFI with an economic interest of 70-80% in TKGM.

KEFI expects to call a general meeting in June 2023

"We thank the new Minister for Mines, H.E Habtamu Tegegn, and his team for their energetic leadership and his commitment to rapidly advancing the mining sector in Ethiopia.

Was going to catch up on my gardening today but guess that’s out the window joking apart this is going to happen. Party after the general meeting champagne on Harry?

Is he going to buy any kefi shares when the company gets listed in Saudi ;-)

Cannot find a massive amount online about Invest Ethiopia hopefully at some time they will put up vids of the actual sessions over the three days.
htTps://ethiopianmonitor.com/2023/04/26/invest-ethiopia-2023-forum-kicks-off-in-addis-ababa/

htTps://twitter.com/mfaethiopia/status/1651168576726859776

htTps://www.youtube.com/watch?v=ccw6bmI6QlM probably from zoom meeting

htTps://africaneyereport.com/research-gold-price-to-surge-as-institutional-investors-boost-allocations/

“Almost all (96%) questioned at sovereign wealth funds, pension funds, private equity funds, venture capital funds and family offices responsible for $307.5 billion assets under management  believe the price of gold will be higher at the end of this year compared with the end of 2022.”