RE: Q and A28 Feb 2023 08:54
Q42.Share of TK for TKGM why no final figures question. Obviously company cannot give final figures for everything till very near the end when everything or nearly everything is signed off or agreed but think the eighty percent figure is pretty close to what will be agreed.
Q43. What happened end of last year question. Personally think mining minister happened last year.
“ Q48: Do you have anything committed in writing from the EG? If so, what?
If we understand the question…we have a mining licence, a joint venture agreement, many policy changes proclaimed for us, road and power construction contracts and many ancillary documents.”
Q50: Have you started succession planning… Think as the company gets bigger and bigger Harry will inevitably become a smaller part of it as other staff come in plus would be only natural to take a step back at some stage maybe when he can point to a couple of mines in production a saudi listing and breaking open two frontier markets.
Q53: I'm looking to visit Tula Kapi later in the year… Company open to visits from shareholders pre construction think that would be a good move would reassure shareholders and be good Pr and marketing obviously any volunteers?
“Q59: On the Tulu Kapi financing, how long following the financing close will funds be expected to flow?”
now that all parties have formed launch teams and agreed a launch action plan), along the following lines: 1. Satisfying security standards and the few remaining Government facing regulatory matters required for signing definitive agreements – in progress. 2. Then give the lenders time for their next-level internal formal approvals 3. Then trigger equity drawdown procedures for regional investors and then the PLC. The multinational corporations involved as regional investors will take a similar amount of time as it takes stock exchange procedures for KEFI or any PLC 4. At KEFI we have to issue notices, conduct formal meetings and then allow warrants exercise procedures to be followed.”
The first stage is the key one which seems to be going smoothly the rest is just process really.
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