Member Info for Robjm66

Vox or twitter search kefi

https://www.**********.co.uk/articles/harry-anagnostaras-adams-discusses-kefi-s-full-year-results-and-the-way-ahead-4c2bde3/

Actually was the first person to ask Harry to step down and Harry had a pop at me about talking about Amak before the company started doing the same thing. Probably been on the s list longer than anyone else with kefi.

Will probably write up the investor meet meeting as normal doubt I would be welcome to be there in person probably the company wants to smooth things over with the bigger investors.

Will make my mind up about attending the AGM and any get together after the AGM nearer the time.

Https://www.2merkato.com/news/banking-and-finance/8477-afreximbank-pledges-usd-1-billion-to-support-ethiopias-economy

Think he is expecting good news pre AGM hence he knows he will get away with it otherwise doubt the AGM would have been in the UK. Still cheeky though.

Should really read page 63 Harry doubling reward to replace lapsed options from 2021.

Still greedy though as STI bonuses are still doable with exercises prices of 1.5 2.0 and 3.0 pence. Ditto leech have to ask what are they getting bonuses for?

https://*************.com/views/80774/tom-winnifrith-bearcast-the-greed-of-harry-adams-is-laid-bare-on-page-sixty-two-and-is-utterly-revolting

Https://www.zerohedge.com/precious-metals/rickards-truth-about-fort-knox-and-gold-leasing

do not mind people being rewarded for success but rewards have been excessive for directors https://*************.com/views/80746/kefi-gold-copper-pleased-to-announce-2024-financial-results-why-pleased

Https://www.thereporterethiopia.com/45525/ (AFC/Ethiopia)

Got some photos on the AGM doc construction camp and so on.

Talking out your rear end again Bonkers you kind of missing the fact that Artar did not trigger the clause so giving kefi space to sell or stay with the JV.

More less what we already knew except it looks like kefis decision to put the Saudi prospects in play.

Less than 1% of Ethiopia’s GDP is from the mining sector, but the Government’s 10‐year target is 10%. If operating today,

Tulu Kapi would be the largest single export generator in Ethiopia.

TKGM plans to provide the following once the project is fully launched and developed:

o Community: approximately 1,000 employment positions, scholarships and training;

o District: preferential procurement of supplies for an operation which will generate a high economic and

employment multiplier effects throughout the surrounding district;

o Region: new road and electrification to be brought to Tulu Kapi; and

o Federal: largest single exporter at $300‐400 million per annum at current gold prices, largest royalty

payer, taxes.

The aim is for Jibal Qutman’s initial development to be triggered during 2025 focusing on open pit mining the oxide ore

and Carbon‐In‐Leach (“CIL”) processing.

Jibal Qutman is GMCO’s first discovery in Saudi Arabia with initial development studies completed in 2015. Following a

long hiatus whilst tenure security and regulatory reform were sorted out, drilling re‐started in 2022. In early 2025, an

increased Jibal Qutman MRE was released of 37.0Mt at 0.76g/t gold, containing 902,000 ounces of gold, 30.5Mt at 0.76g/t

of gold (including 748,000 ounces in the Indicated category).

Systematic exploration is ongoing across the expanded Jibal Qutman tenure to identify further resource potential and

confirm structural controls on recently identified higher‐grade gold mineralisation. Drilling to date has focused only on an

8km long section of the original Jibal Qutman EL. The full 35km mineralised strike length remains to be tested.

Https://www.kefi-goldandcopper.com/files/announcements/2024_kefi_annual_report.pdf

Effectively getting another institutional investor in the BCM group though only when operations start.

(TK) The next steps are:

Updating of all banking details and arrangements for latest approvals and associated plans;

Formal receipt of the remaining Government confirmations on various well understood and already discussed issues;

Up to the minute certifications of security, community readiness and project financial model;

Finalising the US$-linked 'EthioPrefs' to be issued by a newly formed Ethiopian holding company designed for qualified Ethiopian and, potentially, other African investors later. Listing of the EthioPrefs on the newly launched Ethiopian Securities Exchange is expected to also follow at a later date; and

Finalising arrangements with the BCM Group, the recently appointed mining contractor, which has confirmed its intention to subscribe to $23 million of a bespoke Equity Risk Note comprising an equity-risk ranking debt note with limited rights to convert into KEFI shares at the share market prices prevailing once operations have commenced.