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Bear… as an observation, and looking back to midnight.. nobody has actually posted anything remotely negative today - that being a given, you must by default therefore be a fool who never posts anything of detail or merit.. there is never any intelligence or evidence of study within your posts …
Just chest bearing, Neanderthal guff
It is big idiot day on both channels… the ‘aviator’ is w4nking on ad-infinitum about everything (star signs, bitcoin, palm reading.. ffs) except a share price breaking out, due to undeniable fundamentals in play
I’m astonished at the depth of stupidity really..
GL to decent, honest investors who get to ride this, despite the idiot noise
Thanks Rob
“Kefi or somebody else will build this mine..”
A very interesting observation, and one I concur with
Gold is ascending and this is an ‘oven ready’ project with a senior, senior team - I’ve said it before (and you’ve not concurred) this is a very solid target for a major
We will see….
All lovely, right up until private equity & commercial bank guys turn up - then “it’ll happen when we get there” goes out the window with the romantic notions behind it
If you want the money and the 21st century mining industry, it comes with the conditionality money brings .. and it’s not romantic in the slightest
Hi Fantasy
The thing that you and I probably agree upon is the utterly ridiculous timescale provided for financial close of “end of 2022” - that was brainless comedy (without the humour) subsequently proven by just how much has been done since Q4-22 and we’re STILL not quite there…
I can partly understand/excuse HAA for not being fully conversant with the timelines and process associated with a complex financing deal of this size, and nature. He is the CEO and has a wider brief.
However, for the CFO to be that far off the mental pace is astonishing and simply derisory. He should be replaced, ideally by a capable individual with considerably more related skill sets, and the ability to work effectively with equity sponsor groups and banks (who do know the timescales etc)
To your note, and by way of reply;
The presentation actually states “”Equity funds flow to Project” as Q2-3 2023
That is not what will initially catalyse this share price, it is a subsequent effect of the cause, as is debt funding flowing later still.. sometime in 2024 (when it’s needed)
The cause (IMHO and based on experience) is the nature of this deal going from ‘conditional’ to ‘unconditional’.. which begs the question, when is this?
‘Final lender approval’ is unconditional in and of itself for the major debt piece (once all conditions are satisfied - being only subject thereafter to ongoing performance covenants and conditions subsequent - which are post completion and funds drawdown in any event)
For me, the the signing of definitive agreements puts this whole deal into “DONE” status, as all parties are “committed” and that is when the market will really get behind this..
The flow of funds is a subsequent mechanism, akin to putting oil on the cogs..
So.. my timeline stands, accepting that this deal has many moving parts, and it is a country first, so some slack should be given.
Where we are now, compared to EO22 is really very encouraging, and points to real bipartisan momentum across Gov and private stakeholders.
GLA
The final I’m tells agreement is all CP’s satisfied in my book, so no for their amendments, additions etc.
This can then be used by the lawyers as a template to draft final docs between the various parties
The I’m fella agreement is a working document, until
It’s not ie it becomes final
If you read it properly there are two key developments across;
1.) remaining CP’s being hurried through by banks and EG, working together to expedite the last few o/s matters. That’s very encouraging
2.) Final Umbrella Agreement to be signed later THIS month. That’s very encouraging
There is no ‘prevention’… it is an evolving process geared to a financial completion, which is being worked through progressively..:
Suggest you do some background research to become more conversant with this opportunity, rather than sit back and ask lame questions - no offence
Good spot Rob… highly unlikely they mess with the conditionality of the deal at the last minute, especially with the EG as a shareholder..
This will get done soon now… not particularly interested in those with other ideas, as they probably have other agendas
This secondary peace process evidences a strong momentum of change which is really encouraging..
as Rob indicated, this helps Kefi in Ethiopia on a number of levels.. not least financial cohesion and security (both in terms of an easier working environment, which bleeds into a reduced related ongoing overhead going forward)
Over the past few days this board has read like the Beano.. mostly because of short term traders/shorters attempting to sway the thoughts/actions of decent people who have chosen to invest on a longer term basis for the betterment of themselves and their loved ones.
These are light weight **** heads… nothing more..
Ignore, laugh a little, do nothing and wait for the huge result we all know is inbound.
GL to serious, long term investors ….
HAA has a bigger stake holding than all of us, and some…. Dilution will be post TKGM close, if at all, and very measured… he if all people will not want this to be material…