Member Info for Robjm66

Sharezy you have more patience than me I knew if I went through the whole article he would just come up with some couple of lines BS response.

 ”In fact kefi has had over 150 hot rockets tips..”Tempted to ask if he had counted every tip but he would probably say yes. I do not get why TW thinks he is some kind of crazy stalker.

Kefi Q and A page

Where are the responses to the questions which were not answered during the AGM webinar?

Responses to questions not answered during KEFI's webinar held on 22 July 2024 are now available on the Investor Meet Company website (investormeetcompany.com - registration required) under the Q&A tab for that investor presentation and also in this document.

Posted 29 July 2024

Https://www.theassay.com/news/kefi-gold-and-copper-announces-tulu-kapi-gold-project-update/

He added, “Ethiopian gold projects that have recently started launch preparations are likely to lift gold exports to US$1.3Bpa within three years, overtaking coffee exports as Ethiopia’s largest export sector. The mining sector growth initiatives can also be seen to be part of wide-ranging reforms of the financial system and economy for Ethiopia to re-ignite its historic high growth rates.”

Sorry for the Typo should have said billions in future investment from multiple miners into “Ethiopia”.

https://techcabal.com/2024/04/04/ngx-buys-stake-in-ethiopias-first-ever-bourse/

https://www.intellinews.com/ethiopia-prepares-to-launch-securities-exchange-with-ethio-telecom-rumoured-as-first-offering-316546/

“Addressing concerns about Ethiopia's debt landscape, Taye outlined broader economic reforms aimed at fostering market-based solutions and addressing macroeconomic challenges, with support from international partners like the International Monetary Fund (IMF).”

It should now to be a lot easier for kefi to list in Ethiopia and the new stock exchange to operate.

HtTps://www.mining.com/web/lme-approves-saudi-port-as-warehouse-delivery-point/

htTps://www.marketscreener.com/news/latest/Saudi-Arabia-sees-lithium-investment-options-in-Chile-Mining-minister-47496833/

Https://www.imf.org/en/News/Articles/2024/07/29/pr24291-ethiopia-imf-exec-board-approves-4yr-us3b-ecf-arr (Ethiopia general)

https://www.imf.org/en/Countries/ETH/ethiopia-qandas (Ethiopia general)

Ethiopian government will need investment into the country to improve its foreign exchange levels hence it support for Kefi and it being one of the first mining companies to list on its new exchange later this year.

The simple reality is Ethiopia needs a new source of income that the mining sector can provide and needs as many countries as possible to be involved in the mining sector and to be involved in its new stock exchange.

We can joke about Harry being made an honorary consul to Cyprus but the reality is kefi and harry have opened the door to to billions in future investment from multiple miners into kefi and the Ethiopians at the top are smart enough to know that.

Article has multiple inaccuracies and out and out lies clear that the "Source" has overplayed their hand probably out of desperation hence the one line dismissal from the company. The source is obviously desperate as things are not going their way as progress is being made.

Thanks bear between the two they have audio of the questions asked at the webinar and some they ran out of time to answer during the webinar

https://www.investormeetcompany.com/meetings/post-agm-2

Only Magnum can miss that the Ethiopian government IMF deal.

“I've already said I will provide detailed analysis but can't put it all on here. Need your email.”

Don’t tell him Pike.

Mining expert with detailed analysis...

Https://www.investormeetcompany.com/meetings/post-agm-2 Questions now up.

https://www.investormeetcompany.com/meeting/post-agm-2/presentation.pdf slide 12 gave details of whats happening on the ground now.

As for a Farm in Kefi seems to be looking to make the Ethiopian projects more Ethiopian through local investors which could include the government and international companies that operate locally as well as the general public.

While its nice to get official confirmation of what Harry said in the webinar. The money from the IMF and the economic reform is bigger news.

Should make it easier to work out final Capex for TK project and any investment in dollars into the project may well now go further in Ethiopia. Plus should give the Ethiopians money to put into the mining sector in its country. Will need a boost to its country finance's and foreign reserves to reduce the pain of the Birr free floating which is inevitable to be painful domestically. Going to need more foreign investment generally but should be easier as not going to have the uncertainty now over will they want they over the Birr. Kind of reminds me of the UK dropping out of the ERM felt like a disaster in the short term but longer term turned out to be good thing.

https://www.bloomberg.com/news/articles/2024-07-29/ethiopia-frees-its-currency-to-attract-investors-spur-growth

https://www.reuters.com/markets/currencies/ethiopia-shifts-market-based-foreign-exchange-system-2024-07-29/

As part of the reforms, Ethiopia will get $10.7 billion in external financing from its development partners, said Mamo Mihretu, the central bank governor, in a video released online.

"This support includes exceptional financing from the IMF, the World Bank, and Creditors," he said.

"The IMF and World Bank are both providing exceptional and front-loaded funding support that will be among their highest such allocations in the African continent."

https://addisfortune.news/breaking-news/ethiopia-unleashes-market-forces-in-historic-forex-liberalization/

Prime Minister Abiy Ahmed (PhD), made the announcement today, justifying the decision as a necessary measure to address deep-seated economic structural issues, including foreign exchange distortions and macroeconomic imbalances.

The official exchange rate currently stands at 58.6 Br against the Dollar, while the parallel market sees rates of 115 Br or more. The disparity has fueled a robust parallel market, complicating economic planning and fuelling inflation. The government hopes that by allowing market forces to set the exchange rate, these distortions will diminish, creating a more favorable balance of payments and attracting foreign direct investment.

Magnum TW put a question mark by the shareprice and it was a breakthrough moment the signing of the umbrella agreement. I would say your grudge against TW is getting boring but it passed that stage a long time ago.

Https://myviewsonnews.net/ethiopia-imf-to-meet-on-monday/ a sucess could have some knock on effect for kefi. It would means its easier for the government to invest directly into a local listed kefi subsidiary or directly into kefi projects in the future and will make it easier to work out future local cost though a large percentage of costs will likely be in dollars.

Get well soon Tayaramecanici and good luck with your appointment.

“any news about what happened this week”

https://www.investormeetcompany.com/meetings/post-agm-2

It was the first two questions. 32.57 - 36.47 In a session with the banks..visit last week final visit early September..logistics report with bank and independent advisors report before the end of August..organizing coordination with banks in meeting.

Https://www.bnamericas.com/en/analysis/saudi-investment-could-help-brazil-unearth-new-mining-frontiers

https://www.onearabia.me/local/saudi-arabia-brazil-industrial-mining-investment-opportunities-011-56097.html

https://www.bloomberg.com/news/articles/2024-07-25/imf-plans-board-meeting-on-new-ethiopia-loan-program-next-week

Https://www.africaintelligence.com/eastern-africa-and-the-horn/2024/07/25/donors-back-dollars105bn-imf-support-programme-for-addis,110271898-eve#:~:text=The%20Ethiopian%20government%20looks%20set,but%20some%20uncertainty%20still%20remains.

If was being cynical OLA know they can get an unofficial "tax" from the local Ethiopian workers that will be employed directly or indirectly from TK so basically its in no ones interest to kill the goose that lays the golden eggs.

Https://www.zerohedge.com/commodities/net-zero-targets-could-double-yearly-copper-demand-2035

Https://english.aawsat.com/business/5043190-alkhorayef-saudi-arabia-has-become-major-global-player-mining-sector

https://www.argaam.com/en/article/articledetail/id/1742474 (Saudi mining)