RE: Eyes on the prize -> Weeks until finance?24 Jun 2025 16:36
Still disingenuous questions, looking to pick holes. But worthy of an answer.
Slightly surprised that you missed off the only thing that Harry said he was most concerned about… But then if you rely on other people to do your homework… Given how much you post here, maybe you have genuine reasons you can’t attend meetings, but you should be able to read / Watch The basic materials coming out of the company.
The contractors will need to mobilise in order to do things such as build the mine. The expectation is that within weeks we will get closure of finance with binding commitments and then the company will be in the driving seat. The contractors will need notice in order to mobilise in line with the project timelines published in the most recent presentation.
BCM are not committed until they have signed contracts. They will not do this until everybody else is ready, but they have signalled the intent to do so. There are also other parties being spoken to under NDA as per the recent presentation wrt final funding package. Not an easy task, but one HA seems to have well under control.
There is quite a large team of people to deal with 1800 residents on the mine site who will be moved as part of this. Whether they are happy or not is important from a community relations perspective, but unimportant from a procedural perspective. They are being told to move they’re not being asked to move. But as it happens, they are carefully being managed and supported in this process. They have been told about it for a long time so they are now keen just to get it over and done with, is the feedback. Not unprecedented for mining projects, and a lot has gone into the planning of this to ensure it goes smoothly.
You have both the expansion of the above ground site to the underground site, and further expansion around the peripheral. The focus is on the underground site because the gold is known to be there and it is permitted within the existing licenses. It’s only a matter of initial costs which prevent it being mined concurrently - but it will follow production, and the plant has been developed with this capacity in mind. Then you also have the lands around the site. These are currently pegged by a Hong Kong holding company, but there is every chance (But no guarantee) they will be returned to KEFI (I personally am fairly confident they will go back to KEFI, but I can’t talk too much about this here), and then in time, with a war chest of cash, There are further opportunities within Ethiopia to pick up a backlog of and make new discoveries. None of this is guaranteed, but that is what the team will be wanting to (And be in a prime position to) do.
Anything else you have not had the time to read or watch?
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