Member Info for Robjm66

Think its more dumb than cynical Crazy as most people can see the merit of people being rewarded for success but have no time for people that get rewarded before that long delayed success so all he had to do was wait a bit (like kefi shareholders have had to do more than once). Harry should “check his privilege” to use a modern phrase.

Also his antics hurt the company and sentiment around it hurting his own shareholding and likely shortening his own stay at the helm so overall maybe plain dumb is better description.

However made my point and hopefully we will get some good news soon so have something else to talk about.

https://*************.com/views/80856/tom-winnifrith-bearcast-its-the-g-that-matters-in-esg-a-case-study-of-failure-is-kefi

https://*************.com/views/80858/good-news-and-bull****-from-greedy-bastard-harry-adams-and-kefi

think if harry had given himself the bonus post tk launch and sp bagging no one would have even blinked. its just another example of his general naivete and cluelessness in certain areas.

what's going to happen is everyone is going to suck it up as they do not want to do anything that could disrupt things in run up to full tk launch.

post tk launch though one day he will stuff up (putting it politely), will be looking around for support and friends and it will be a case of sorry we can make more money with someone else at the helm (from shareholders and institutions alike) and he will lose a lot more than he gains with this raid of kefi coffers.

Main thing left is everyone signing off and showing to the market that they are happy the rest is epilogue.

As all but one of the major docs are ready for signing (and that one nearly so) looks like early July for signing. As for Saudi its kind of what we worked out for ourselves but will be an update pre AGM. Should get some money back after launch.

Highlights

TK docs..

A: We expect all the documents to be either ready to sign or very close to being ready, so there shouldn’t be any delays. Out of the following sets of documents, only one is not fully complete yet, but it has already been drafted and is in the process of being finalised:

Mining package

Construction package (covering on-site work, roads, and power)

TKGM shareholders package

Secured loan facilities package

Q: Was the certification of final plant costs triggered immediately after the Parliamentary Ratification of AFC Country Membership in mid-May as you had previously undertaken? And is TDB ratifying its approval for the enlarged facility, also as previously indicated?

A: Yes to both TDB and Lycopodium for the plant costs, as well as for the certifications for mining, community and financing charges on the enlarged facility with its updated disbursement schedule.

Q. What is the current timeline for completing certifications, and then signing, and then drawdowns for full launch?

A: July for certifications and then as fast as practically possible from there for signing, drawdowns and full launch.

Q: How much do KEFI anticipate recovering from the finance package for past costs?

A: All past costs are either to be recognised as equity contribution or reimbursed. This will be optimised at closing.

Q: How does KEFI intend to fund future work in Saudi Arabia?

A: Please note that development has not yet started. And KEFI’s commercial choices are that we either dilute, contribute or sell.

An update on the Saudi projects will be provided before the AGM, after approval by GMCO.

Https://www.youtube.com/watch?v=lfsVGZwno60 (Gold)

https://*************.com/views/80851/the-greed-of-harry-adams-an-update-as-the-trougher-hides-behind-the-skirts-of-his-chums

Https://www.dailymail.co.uk/news/article-14808217/Iran-Israel-airstrikes-salami-nuclear.html

Gold will go up war or not but do not trust iranian regime with nuclear weapons.

Https://goldprice.org/

He has to hold and AGM whatever its where it held he could have held the AGM in Australia again or just said he he had to hold it in Ethiopia due to him being busy with TK launch.

Think Harry would have dodged having the AGM unless he was expecting good news especially as he must have known how the fund raise and bonus would go down Buk.

You can argue over whether TK will be launched by the time of the AGM or near launch but either way kefi would have have to made significant progress to get to either point which obviously the company expects it to have done hence the webinar and the AGM in london.

Https://www.ajot.com/news/uk-forwarders-agree-to-support-ethiopias-logistics-sector (Ethiopia general)

https://www.thereporterethiopia.com/45560/ (Ethiopia general)

https://asiaone.co.in/ethiopia-projects-8-9-gdp-growth-in-upcoming-fiscal-year/ (Ethiopia general)

https://*************.com/views/80809/letter-to-harry-adams-hand-back-your-bonus-before-kefi-peasants-revolt-and-ed-has-you-for-breakfast

Its like brunch that is half way between breakfast and lunch Buk so it not launch or lunch but brunch. You can use it in a sentence with your business friends "We must do brunch sometime your people can phone my people to arrange it" ;-)

Hopefully we will get a bit more news before the webinar Sharezy.

Question one can see what works have happened from RNS and webinars kefi actually brought forward some spending. That's not all major works though as obviously that can not happen till everyone signs off including the expanded budget by the TDB bank. As for acknowledging they do that by moving the timelines and you can hardily say any drift is not highlighted on the boards.

Probably get a more accurate timeline on production start after full launch asking harry what mitigation will just get you a load of waffle.

Kefi laid at the steps remaining just recently.

Dividend will depend on how much is ploughed back into the business which will depend on Saudi sale and any royalty streaming deal with TK so Harry will probably say he is not against dividends but he cannot really promise them as it dependent on some developments.

Weather kind of covered this before something's are not that weather dependent especially once you get the concrete foundation in.

As for contractors starting that connected to your previous question about major works.

Probably your best question is the last one but doubt company going too go into much detail while haggling over Saudi sale as it would show too much of its cards. However JQ easily doable due to it smaller scale. The company could go for early launch of JQ then the JV could list in Saudi to cover Hawiah costs plus they would go for SIDF loan and the exploration grant money the between TK and then JQ could cover Hawiah.

More likely though Gina Rinehart outfit would have a say in its area and kefi G&M could do other JV deals depending on what's Artar thinking. Probably a better question would to be get some idea of what's Artars attitude and plans are.

Https://ethiopianbusinessreview.net/canadian-miner-eyes-ethiopias-gold-belt-with-okote-project-deal/

Https://www.cnbcafrica.com/2025/ethiopia-forecasts-faster-growth-next-fiscal-year/

https://eastafricanminingnews.com/ethiopia-unearths-golden-opportunity-with-india-a-mineral-bonanza-beckons/

https://*************.com/views/80794/ed-from-islington-to-lead-the-kefi-peasants-revolt-on-july-17will-you-join-him