Member Info for sharezy

So we have AFC ratification being approved by cabinet for ascent into law which was pending credit approval, which happened in Dec (wonder why bonuses were tied to this piece…)

But then a condition subsequent of ratification being made into law.

And your post with an unrelated law approved in June being ratified in Dec (6 months).

6 months from Dec / Jan is Jun / July - but you “guess” it might take less time to happen.

Sum of it?

Thanks

But that appears to be about unrelated banking legislation.

Do you have anything about what I asked about?

Thanks in advance

TST - Thanks so much for sharing your views on when ratification will happen.

Can I ask, as I assume you didn’t just make it up, and you will correct me accordingly.

What insight is that timeline based on?

Debate…? You don’t even seem to agree with your own spurious statements… I’m purely taking the time to point it out 😆.

Spamming the board with “aim”less twaddle is your prerogative.

As you were…

“I don’t think there’s a bidding war”… “if ARTAR don’t want to pay then they will get accept offers from third parties”

Who aren’t bothering to bid competitively? 🤦🏻‍♂️

“the history here” that doesn’t guarantee any “expected” outcomes from any RNS will happen doesn’t guarantee they won’t either… but… y’know… logic…

Ignore the timelines. Look at the direction of travel.

Wait and see.

You have to ask why ARTAR brought KEFI in at all, given how capable they are without them.... (yeah, right)

They didn't want to become a junior partner, they wanted the lion's share. Had KEFI got the funds up front, they wouldn't have been diluted. They did not - they knew they would dilute but wanted to maintain a good % through to production - timings worked badly. Here we are.

Whether ARTAR initiated the sale or KEFI did, it's still fair market value, which one would hope (and has been RNS'd) is above cost of exploration against pre-agreed value.

Cannot believe there isn't a deal to be done - but guessing is fairly pointless - wait and see..

Jun / 2024 - Cabinet approved bill allowing foreign banks to enter the domestic market

Dec / 2024 - Parliament passes bill into law

? / 2024 - Cabinet Approves AFC ratification

Dec / 2024 - AFC Credit Approval - enables parliamentary "ratification" to begin

? / 2025 - Ratification happens

....

Profit.

I mean, it's just a matter of waiting, and assuming no additional hiccups.

Selling Saudi is critical to avoiding further dilution, but now a distraction to the main event.

Once finance done KEFI is at the races...

Happy to hold on for that.

Seems to fight the good fight against BS on all fronts.. random predictions for dates, overly optimistic posters re sp. And Harry’s statements on timings, all in the firing line.

With his own brand of BS 🤦🏻‍♂️.

Rather than just reading the RNS from the company.

“Indicative” offers due by 28th, suggests to me not “firm bids and cash in bank”.

RNS is used to legally share price sensitive information. If indicative bids were received this week there’s no material change until a bid is accepted.

Needs to go through negotiation, lawyers and board approval. Which could be quick, or, more likely, not.

Doesn’t mean it isn’t happening - just that it will happen when it happens.

50+ messages a day of “he said she said”… LSE = “Loads of Spam Everywhere”

I helped apply pressure to get the scheme amended.

What I said was measured.

Total waste of your and others time.

Have taken over the asylum 😂

Just a few daft points...

"It's a lifestyle grift" - you know what, you go and deal with running a business like this, see if you really enjoy it...

"Mismanaged Saudi" - the plan was to finance Saudi with TK - TK delay prevented that - not really a mismanagement, unless someone in Kefi started a war - selling it is the only real option

"This will never happen" - despite all the evidence to the contrary, this is a slightly constipated position, don't you think...

"Hasn't happened in 10 years" - no - sorry for your loss. That's investing. Move on.

1,000,001+ posts from some bonkers clown who likes to waste their and anyone else's time who is daft enough to communicate with them.

The reason this is tolerating delays is because the gold price has risen so much it can.

I'm not in the habit of making wild predictions - but however much anyone derides this - the asset value is proven - serious partners are very much on board (and some very strong hints from them that this is the case), the final administrative tasks are in progress (as laid out in RNS), and it does look very much like this is about to happen, in a way that it has not before.

I won't see any green boxed replies - honestly it is not worth the time. Say what you like - it is only hot air.

As you were....

DSRT - it’s no different this time in that there are things which don’t run to a fixed schedule to be done.

There’s no guarantee it will be done or there won’t be dilution. That’s the same too.

We won’t know how close we are, either, until it’s done. That’s the same too.

Legal case sorted. Credit approval given (including bank that doesn’t care 😂). Ratification in progress. Sale of assets to shore up finances and ensure closure in progress.

Slowly coming together it would seem.

They’re clearly doing their best to get it done.

Place your bets (or sit on your hands).

Anything to back that up, or just venting ? 😂

“They just don’t care”

Those famously careless bankers.

Right-o.

Notice the “Litigant in person” on the case link for the recently resolved legal case.

https:XXcaseboard.io/cases/b3a6af21-6e3a-447b-ae45-78592911f15d

Admassu Tadesse

CEO and President TDB...

Diggit1gold I can see all the responses.

Or some of them ;)

As dull and tedious as Bonkers is, he’s not stupid.

I’ve not read his posts - nobody has time for that!

But

Ratification is the legal process of writing the AFC agreements into local and national law.

Ethiopia is already an (unratified) country member of AFC.

We have, however, been told this is being fast tracked through parliament for approval - which will land any time now.

Mostly repetitive tedium, but occasionally a useful idiot. 🤣

TCM is a proven deramper.

Plays on the fact that there is risk here to state as fact what has been disproven to wind people up / taunt investors for who knows what agenda.

Sick.

@dsrt - where did I say you were trashing the share?

That was the choice facing HA…

Correct - not done until and unless it’s done.

Thanks for sharing that insight!

@DSRT - prozac? Seems a little dramatic. Overexposed to a pre-finance junior frontier miner ? Crikey. That'd do it.

"damned if you do, damned if you don't" - trash the share and end the company, or big it up and keep the lights on - tough one. Psychologically difficult indeed. 66% down, but then "potentially" much much more than that up in the fullness of time.

Betting the house on it seems.... risky.

One would probably want to think about what that money would have done in the market, as well as inflation eroding purchasing power to fully opine the path to production...

Good post Qnard.

Had people in Data Rooms mid-late last year - the strategic review is only required to be announced by RNS once they have a specific plan - so it would have started to come together before it was announced. Evidenced by the Chairman saying so at a live event and draw your own conclusions about the competitor site visit in Saudi last year.

Any commentary or speculation only has a limited view of the whole. Can only really judge in the fulness of time.

We *should* all know the risks - which is that we've invested too early, or the project fails - ignorance is no defence and all that...

HAA said himself it was excruciating dealing with the banks (despite them being supportive of the project).

The runway of the recent raise and Saudi sale could well be the final step.

Place your bets now.

Easy Hold imo.

Another one for the green boxes 🙄

Thanks for the posts as always, Rob.

I can think of many other posters to mute…. In fact, I have..! Life is too short…