Member Info for SB_1964

.. one further observation

This gets taken onto the ASX and away from AIM when it’s practicable to do so.l - “other international market”

Then you have a global mining business floated across two mineral based geographies.

Two fingers to AIM will be a very good day

The webinar reaffirmed all I need to know re definitive docs progress and anticipated timing thereof - it further reassured me that in parallel we are availing ourselves of short term, unsecured debt, as opposed to triggering a share issuance.

“Tulu Kapi is one of 3 national priority projects”

“the game we’re in is creating enormous wealth”

Addis next (Gov Agencies) then London (lawyers)

As a stakeholder, nothing else matters frankly

fjones 40

Agree with your price target. This is a big deal a long time in the making and the assets are the assets. Confirmed mine build joins the dots to production AND NPV.

I have one thought on Monday’s Webinar - 4:30pm suggests market sensitive information.

GL

There’s zero to say until the Webinar, and we go from there.

Anyone hypothesising prior to that is in the Verbal Diarrhoea Club

News a.m. on Monday implies something happening prior Friday, or over the weekend.. what if something’s happening intra day Monday?

It’s quite possible that the Webinar is a ‘scene setter’ for an envisaged process to close (signing) on a certain future date….

There are quite a few different, positive outcomes here and I think “the only hope” is dramatic drivel

Smelly Ben.. there is a slight chance that you might catch a blip down and then ride a blip back - but really, with the numbers you proclaim.. it’s a very serious WTF trade in all honesty?

Agreed fully Simms45

GL

At this juncture it would make FAR more sense to access short term debt, and repay post TK close out (even with exorbitantly high rates/fees) than it would to dilute via a placing to fulfil a short term liquidity requirement

It’s a discovery business (transitioning to production) .. difficult to carry forward retained earnings without revenue?

Manu…. You are the pick of the bunch when it comes to the nauseating **** we get to read here..

You pop up every month or so with the same banal nonsense, you bring nothing of value to the table and are just a poor excuse for intelligence..

“Has the ANS money come in yet - tee hee..”

What a total and utter w4nker

Just watched the latest video… now that is more like it in all honesty

All parties in one place methodically going through the process to close. Plan the work and work the plan.

Timescales are also now very realistic and you get the sense that this time it’s game on and the ‘next few months’ is readily achievable.

This genuinely sits well with me.. for the first time ever.

As a shareholder, I’ve been through the “lost 4 years” that HAA mentions.. in fact I bought my entire holding in 2016/2017 at an average of 1.6p so there have been some very dark days for me along the way, as this is a significant part of my pension assets. I’ve had £100k the wrong way days and felt sick.

This is now behind us thankfully.

The thing that now excites me the most ‘from here on in’ is the momentum build we will see via a regular stream of progressive RNS advisories.. IMHO this will be the catalyst to increase the share price prior to the “lift off” event of TK project/financial close, which in turn will be momentous. This is a big deal.

Plenty of time before this milestone for good news to travel and the herd to rock up..

My own expectation is that we will see the price rise > 100% leading up to TKGM close.. and post close could surprise everyone.

IMHO always

… the upside to this timescale is plenty of updates among the way, which will stimulate the share price as we approach project/financial close

(That’ll be me ramping now)

I detailed this timeframe last week and was royally ****ged off and called a “de ramper” .. essentially inferring that I was pi55 ing on my own chips..

Far from it …. I reiterate my belief in Kefi.. however it was always going to be a few months to close.. I said mid March. It may be a bit past that.

I’ll take that apology any time you like Bear. I am a realist and not into fairly tales.

Bear - I remain convinced this will happen, I believe I said as much very recently.

I am a big fan of Kefi and the future is hugely exciting.

That said, I am very unimpressed (in isolation) with how the company has dealt with the timing of project/financial close at Tulu Kapi.

To have indicated end of ‘22 was plain stupid, and a gross mis management of stakeholder expectations.

To state last week that close was/is “imminent” , although a formal offer of facilities from the banks has not yet been received, is bordering on ridiculous.

I am not into ramping or de-ramping Bear.. so whilst I think this is a fabulous investment opportunity (I hold tens of millions of shares, and will continue to do so) I clearly see that the company and board has/have little clue on realistic timescales to close, given where they find themselves with the senior debt providers.

Consequently, they continue to over-promise and under-deliver, which is avoidable.. and should be avoided frankly.

unconditional funds

all of which is good to hear DVH..

The issue we have right now is ‘the first domino’

There will be zero momentum with Kefi until Tulu Kapi is signed into history, the project closes and conditional funds are in play - the the domino’s fall..

The definition of success is “the difference between expectation & realisation” - and the fundamental problem here is expectations being continually shot to pieces every 5 minutes by a CEO who simply doesn’t know how to manage them in the cold light of day, and who for some reason (as an accountant) lacks any knowledge of how these deals coagulate and then settle

This was NEVER an “end of ‘22” deal (not in a million years)

Is it beyond the wit of man to set a reasonable expectation, backed with progressive logic, and stick to the bloody thing

Fantasy.. thought I’d been a bit harsh on you in truth.. haha..

Share price heading south today and it’s all about managing expectations… or not

I think we can both agree that the Kefi senior team are totally 5hit at this..

However, the assets are undeniable, and both geographies are in a hurry

None of us are getting any younger DVH.. least of all the board - there comes a time when you absolutely need to nail it and deliver - Current year, month 3 for me!!!!!! No more faff

TKGM PROJECT / FINANCIAL CLOSE - PREDICTION

Hi all…

Friday afternoon down under, having a quiet wine with an old, well travelled Jack Russell Terrier.. he’s mostly on the water.

Firstly, my apologies to Fantasy, Forrest and the “glass half empty” /“shorting to oblivion” crew in general for not holding back on my contempt for your posts in recent times. I must learn to ‘agree to disagree’

I’m not in the business of crystal ball gazing and I don’t possess loose tea.. so this is just my own meandering thoughts on our elephant in the room, Tulu Kapi close out, timing thereof, as we sit today….

We don’t have a credit backed formal offer of debt funding from the senior lenders. Yet.

We DO have a document which says ‘yes, we’ll do this deal’ with a list of conditions to be met. This has been circulated to all syndicate members, as most of them will have to work industriously and get comfortable with covenants, conditionality and prioritisation of security etc, in order for signatures to dry and funds to flow.

I suspect the above paper IS board ratified, and a serious & genuine document, yet to crystallise into ‘unconditional’ however

My Prediction;

Mid March

I absolutely think this will happen, and absolutely have NO IDEA why we have been given such ludicrous timescales from the Kefi senior team this far - entirely baffling…

We need to arrive at a formal offer (unconditional) and then the myriad of lawyers and advised need to dance around for a few weeks to justify their fees, tick all the boxes and agree on all conditionality (precedent & subsequent) - no quick process.

So that’s my best guess - mid March close for TKGM

I firmly believe this is going to happen - just as much as I firmly believe the board have led us up the garden path here, albeit naively with good/honest intent

Delighted to be proved wrong, and that may happen later today, or Monday……. But my feel for this is mid March full/final close out.

Milestones of achievement along the way will get the market twitching and the share price firing in anticipation.

GLA

All good mate - just get those shares back, keep them .. and make some good money.

IMHO