Member Info for Robjm66

Thanks Dicko80.

Https://www.kefi-minerals.com/investors/capital-structure updated today.

https://www.advance-africa.com/Current-Jobs-in-Ethiopia.html

Daily Jobs in Ethiopia - Thursday - 5th August 2021

Tulu Kapi Gold Mine Commercial Manager Jobs in Ethiopia - Apply by 10th August 2021
Tulu Kapi Gold Mine Senior Contracts Administrator Jobs in Ethiopia - Apply by 10th August 2021
Tulu Kapi Gold Mine Deputy Project Manager / Construction Manager Jobs in Ethiopia - Apply by 10th August 2021
Tulu Kapi Gold Mine Government Liaison Officer Jobs in Ethiopia - Apply by 10th August 2021
Tulu Kapi Gold Mine Site Facilities Superintendent Jobs in Ethiopia - Apply by 10th August 2021

Full description of the jobs roles on advfn Kefi site.

Watched twice at least already and took notes in context harry views it as a spat a temporary argument. Think harry has a right to stand up for the company and consortiums position and not be a doormat. It was just plain dumb of someone either maliciously or in the mistaken belief that it would hurry things along to leak info.

Now up to the Ethiopians to do the hurrying along if they want and need the revenue TK will bring. That’s what we are waiting for.

What does having a spat mean?
2 : a brief petty quarrel or angry outburst a lovers' spat.

It’s lucky we do not have any spats here would not want to pass anyone off.

Ton of upside once TK gets over the line
https://vimeo.com/560293726 “KEFI Gold and Copper “Should be a £300m company”

Hopefully the recent reports means the company is trying to build interest in advance of expected good news.

https://www.edisongroup.com/publication/on-the-cusp-3/29689

Not a lot of trading full stop everyone waiting for the go signal from the Ethiopians.... “has presented its Project finance syndicate and submitted its Project finance plan to the Ethiopian central bank (“National Bank of Ethiopia”, or “NBE”) for permission that it may proceed as outlined. This follows a long, thorough and rigorous due diligence process by the Senior Lenders.
Whilst the NBE conducts its review, the other outstanding administrative details are being progressed with the various Ethiopian Government agencies including, the Ministry of Mines and Petroleum (“MOMP”), Ministry of Finance, Ethiopian Roads Authority and Ethiopian Electricity Power Corporation.”

Think the derampers are showing their true colours get called out on what they are saying and all they can do is resort to crude dumb threats. This from posters that are the first to claim freedom of speech and the value of an opposing opinion even from those that are not shareholders but I guess that only holds till they lose the argument.

Talking of dumb comparing mining companies that did not do any work on their licence areas to Kefi is, but then to understand all the effort Kefi is and have put in you would have to have some kind of appreciation of the company and it prospects.

See the Welsher is still posting.

To address the points though would be disastrous to the Ethiopian government to take back the licence you certainly would not get other mining companies lining up to take up the project as they would be afraid that the licence would be taken off them, present miners in the country would cut their investment and probably diversify out and you would get no serious bidders for the auction of mining areas.

Present consortium would run for the hills and certainly any other small to medium miner would have face all the problems that kefi has faced plus would have to start from scratch with less options.

Government does need the money hence some of the impatience but has the choice of either progress in weeks if it sticks with Kefi or years if at all if it does not.

Do not think anyone would buy a second hand car let alone a bridge from the Welsher.

Harry took the bonus option as he expects “a long term project finance facility for the Tulu Kapi Project”, “Completion of the Project within the Project budget approved by the senior lenders.””: Upon the sale and physical delivery of 35,000 ounces of gold equivalent” if none of those hit he gets no bonus it’s that simple.

'Would love to look like a god but it’s simple maths ( I’m not saying they want to have a cash raise - I’m saying they HAVE to do a fundraise but as you say we will find out very soon - if not announced before end of June I’ll leave this board'

If anyone wants to waste time looking at past comments the implication was that Kefi would have to come back to the general market for a massively dilutive cash raise instead it went or is going another route entirely.

“We do however avail ourselves of unsecured advances from time to time as arranged by our Corporate Broker, Brandon Hill Capital, to provide working capital pending the achievement of a short-term business milestone. This is taking place now pending the finalisation of the Tulu Kapi financing in preference to availing ourselves of several other much appreciated bridging financing facilities on offer.”

Not..”equity capital raised at then prevailing share market prices.”

Which ever way you look at in spirit or the strict rules of the bet Smellyben lost and if he keeps posting he is just a “welsher” to use his own word.

https://www.theguardian.com/world/2021/jun/28/interim-government-of-tigray-flees-as-rebels-advance-on-mekelle

https://apnews.com/article/ethiopia-tigray-cease-fire-2745f0941cafcfa8fbe4c9f945f0925d

https://www.aljazeera.com/news/2021/6/28/ethiopian-government-agrees-immediate-ceasefire-in-tigray

https://www.theguardian.com/world/2021/jun/28/interim-government-of-tigray-flees-as-rebels-advance-on-mekelle

hxxps://apnews.com/article/ethiopia-tigray-cease-fire-2745f0941cafcfa8fbe4c9f945f0925d

hxxps://www.aljazeera.com/news/2021/6/28/ethiopian-government-agrees-immediate-ceasefire-in-tigray

Well ceasefire could help Kefi as government looks for a good news story and international investors are not put off by events there. Long term Kefi will have to keep on the good side of the region as well as the government.

https://www.kefi-minerals.com/news/webcasts Webinar now on website.

If financing fell down would harry step down...depends on reason...not the moment to vent frustration, time to stand up and deliver

If government not re elected? Zero chance if happening as other parties not multi regional but kefi does not get involved in politics. Even if other parties were strong project still would be largest project and country needs it.

Missed question sorry some hypothetical question . Kefi micro cap..one should recognize company putting a massive deal which kefi will have a huge slice of it..mining companies need money to operate had to dilute in past... but terms not very good...never guarantees but syndicate seem happy and want to get on with it...everyone want to be sure countries steady as it goes so people wanted to see how election went first...made sure that things had settled down...kefi tenacious from now on piece of cake..

Jibal Qutman...KSA regulatory stuff up but it will but things now overhauled JQ used as a case study to help overhaul

Hawiah Bankable feasibility ? Grades picking up...kefi jumped a couple of steps... money going into feasibility study...bigger...higher grades..kefi has gone faster than they originally planned

Last question Thank you

Harry wrapping up...everything asked everyone just needs to knuckle and get the job done.

(Things look good you cannot say he does not try to answer every question and clear the air in these webinars). Should get a brokers note fairly soon as well which will fill in some gaps though webinar pretty comprehensive.

Brokers note research report put together imminent should be soon.

Final deal need harry there? Harry will go there very soon to wrap things up.

AGM covid protocols closed meeting concerning should have remote webinar?..shareholders can use this webinar to ask questions only two directors can make meeting anyway...this seemed the democratic way

kefi Contingency plan...changing circumstances kefi have replaced practically everyone kefi blooded constant planning and re planning team on the ground...

general meeting for shareholders to approve finance plan...no not needed.

Website and twitter account need revamp photos and so on...harry given advice on twitter different advice it should all be looked at again as the company is about to change dramatically as company going to change and be a big company...but no noise for noises sake.., but they do need overhaul just focus has been on other things.

Shareprice deflated what can you offer shareholders to get them excited? one media story does not mean a negative barrage it was dealt with...bulletin boards chats lines not companies responsibility..

AGM agenda...AGM requirement but importance got down graded as things got sorted out

What questions should shareholders be asking? If you do enough homework you can put sliderule over company and its numbers...not magic... different stages...what more can you do special situation...country about to take off and sector poised kefi first mover...Harry not lateral thinker he is not worrying unduly about getting finance intrigued instead about the potential where can kefi get to

Re rating of share price after TK financing?...NPV? market cap should go up in a multiple at different stages and if good pipeline when in production. From a tenth of NPV till over NPV when in production

mining licence of loss of exploration licence if further schedule slippage? lots of things have caused slippage but present syndicate a lot stronger and knows country... government appreciative put money they want to make sure it happens...this year, lust to get things going from Ethiopians...not contravened anything insist on approval before next steps which is what we are doing now...kefi meets government and partners every week and all the time

current relationship with government...change in sentiment with kefi? just a spat...Ethiopia powerful country going through powerful changes they are generally happy now have moved on...meant to be hurry along...not wise to give hurry along to major banks they were taken aback...everybody being more careful now

Signing ceremony formal? some formal some informal some media, locals to mine not that bothered just want the jobs.

historical spend 70 or 13 million? all written off till kefi decide to pursue just accounting.

Hawiah drill results...company tend not to not putout a drill hole at a time...tend to package up results...three rigs 24/7 month or so batch of results august September flurry of drilling...metalogical results coming back...high recovery rate on metals coming back expected...next three months...how quickly pfs finished 9 months then go into mining licence application 2023 starting development? will go quicker ARTAR and development fund means funding will be a lot easier than Ethiopia

Jibal Qutman lost cause? Not lost cause stuck on regulatory quagmire till it resurface will be eventually sorted

TW paying harry...not mate journalist though he likes him harry does not follow newsletters..

Working capital bridging loans...no further placement till full funding using kefi not going to the stockmarket till deal done.

Start Timing of Quarterly webinar? before end of quarter because of logistics restrictions and annual general meeting at end of the month so have Q and A now so plenty of time to reflect before AGM voting.

Questions.. Financial closing…defining execution of documents from syndicate then funds flow in stages

Laid out plans to central bank…for confirmation. Announced this morning detailed documents by end of July

No one committed? not true everyone signed up term sheets government committed has already spent money, all will sign together.

Kefi share of TK 95 percent before completion but after completion 75 to 80

Whats the plan? same as in annual report.. mining capex... mining contractor provides fleet... government equity... offtake...local subsidiary three years from now..40 million...missing piece 11 million...within a week or so, close to closing..

Bonus linked to whole package...why December do not know just a date things not expected to take till then.

What's has to be done update on targets...today's announcement now in the hands of central bank, ministry of mines, government waiting for authorities to sign off.

Should kefi have fixed schedule? "sounds like mines minister" logistics in getting round. Project unstoppable.

Final closure all parties on same day? cumbersome process blue ink signatures within the space of a couple of weeks...banks due diligence from senior lenders most important to go first, last money to go in…

Did company conceal warning letter...media commentary government employee. Company put out RNS on Sunday was the first they heard about it did not get letter to two weeks later...then refereed to it, talked to government..Ethiopians over anxious, things should have been discussed privately..

Ethiopians wanted good new story pre election... will government be upset by it not happening earlier? consortium members did not want to be pulled into media lets just sign the whole thing up further along attitude

Have to laugh, now Fevertreeman moaning that harry could get TK over the line and leave ??

https://www.miningreview.com/base-metals/kefi-submits-finance-plan-to-the-ethiopian-central-bank/

I would say we will know within the next couple of weeks how it’s going to play out ball in Ethiopians court. If harry and the company are confident they will probably hold on to final closing of deal just using the bridging loans previously described.

Should be able to get an idea how confident harry is from the webinar later.

The Tulu Kapi Gold Project (the "Project" or "Tulu Kapi") remains on track with previous guidance and KEFI, through its subsidiary Tulu Kapi Gold Mines Share Company ("TKGM"), has presented its Project finance syndicate and submitted its Project finance plan to the Ethiopian central bank ("National Bank of Ethiopia", or "NBE") for permission that it may proceed as outlined. This follows a long, thorough and rigorous due diligence process by the Senior Lenders.

Whilst the NBE conducts its review, the other outstanding administrative details are being progressed with the various Ethiopian Government agencies including, the Ministry of Mines and Petroleum ("MOMP"), Ministry of Finance, Ethiopian Roads Authority and Ethiopian Electricity Power Corporation. These are normal compliance procedures to enable KEFI/TKGM and its syndicate of financiers and contractors to proceed to financial closing, which includes, inter alia, execution of detailed documentation, subscription of the asset-level equity funds and triggering full development, with debt funds to be disbursed later this year in compliance with the Senior Lenders specified conditions.