Member Info for sharezy

So, nothing of substance to add then, petal?...

No gold mine built in that period.

Look what's in front of you now though - do you see it yet?...

And you look to the past to see how the future will perform...

Perfectly entitled to your opinion Bonky -

- Keeping the company alive through a number of challenges during periods where many others folded

- Dealing with a $1Bn Capex project

- Handling logistics of a startup company in a challenging environment and guiding it into a soon-to-be mid-cap miner

- Raising funds against a backdrop of a lacklustre market and an out of favour industry

I'd say there is a certain "tenacity" there, and (withholding derisking) some business chops...

So easy just to take cheap shots, moaning on an anonymous bulletin board, isn't it.

Wake up and smell the coffee, man!

Profitable times ahead!

- Ethioprefs to be finalised with firm commitments - investment banking team on the ground working on this - an initiative very much supported by the establishment - including multinationals and family offices investing at the subsidiary level in Gold-linked instruments to hedge against the Birr, where previously capital controls and lack of stock market left them without a way to protect their capital from currency inflation and devaluation. Understandably strong demand.

- Two banks agreed to lending funds, going through the process of formally agreeing to an uplifted loan facility required for the project as a matter of course.

- Contractors being notified to mobilise in the field within weeks, including one who wants to put $23m into the project as a partner.

- Government pushing to progress, a stakeholder with a new sector to develop off the back of this project's success - support at the highest levels of government + investment to the tune of $20m

- Community liaison on the ground, keeping 1,800 people informed and onside to remove them from the mine site to a new location - costed within the project budget

- A world class team of people ready to go and build a mine to internationally recognised standards.

- A pipeline of projects to explore, including expansion of the initial resource, known resources and prospective areas to explore down the line.

- Estimated value of 5-10p depending on how you work it - with upside potential down the line.

Now to see it happen - and the SP follow :)

Buried treasure - “CONfident” that this is all a sham and won’t happen, eh,

Let’s see if your CONfidence is right.

Surprised that Bukko / Bonky hasn’t picked you up on this outrageous statement…

Oh yes, they’re hell bent on wilfully ignoring any positives and only bash anyone being over optimistic… 😆

5% free carry, they also have 15% in local subsidiary.

Different branches of the government.

Happens anywhere - government initiative to do something g requiring an upgrade to internet capacity into a building delayed over 2 years waiting for local authority approval to dig up the road to place the fibre…

Robjm - good analysis - think this is spot on.

Unforeseen (and possibly played for, in the case of the contractor) positive developments changing course on sale of Saudi.

Credit to Simms re raising at higher SP depending on TK launch (and also noting the cash paid back post closing to PLC) per previous comment on Alanos thread

The comments at the presentation were in relation to how ARTAR were surprised that KEFI would consider selling at this point, as there is “only” $5m required to get under way with the first project (JQ) which would then finance other projects.

Clearly there are other ongoing costs in Saudi of the people there and also any exploration costs.

To dilute today at today’s share price would be the wrong move.

But also to sell now would be potentially premature. Even if a sale could be achieved quickly, it might not be the final decision.

If you read the full passage in the Q&A

“ A: KEFI will either rerate with Tulu Kapi’s launch and longer term large investors joining the register…and thus be able to contribute to such terrific projects without diluting value, or it will allow dilution at the joint venture level or sell. An update on the Saudi projects will be provided before the AGM, after approval by GMCO.”

The sum of it is - more money is required - either by dilution from 15% down to a lower %, by dilution of KEFI PLC at the parent company level, or neither, and it will be sold.

But it very clearly says two things -

1) the hope is that the share price will rerate on closing, such that a raise at PLC level makes sense (e.g. £10m on a £250m valuation) as stated elsewhere…

2. There will be an update from GMCO (about GMCO plans and operations) prior to the AGM.

So we should expect an update on GMCO in the next few weeks. This will potentially / likely include details on the commercials of projects to coincide with a decision on how to proceed.

And the best decision will be made (with all available options on the table) based on what’s achievable following the launch of TK (expected within weeks).

I think that’s pretty clear.

Bukko bonkers, you’re a plague on this board and this company.

Yes, you got suckered - you are a sucker. A fool, a numpty, you had a failure of judgement. Are you a big boy or a baby?

But it’s not too late to acknowledge that and see the wood for the trees here.

Shares in issue, NPV and yes/no to development.

Lots of headroom for value creation - despite whatever complaints you might have about how it comes about.

You clearly think it’s going to happen - and are invested - so sit on your hands, stop cluttering the board and wait for it to happen.

Sell at a penny or wait for it to get closer to NPV / see if it’s bought out / wait for dividends.

But for goodness sake, stop telling us what a eejit you are.

Yes, agree, he did look a bit stressed during the webinar.

He’s got to be so careful what he says.

And he looked relieved when it was over.

Confident, in fine fettle and looking forward to the forthcoming.

As am I.

Not sure how anyone can forecast what might or might not happen given all the variables and parties involved.

Least of all Bonky - who posts here avidly - mostly to knock anyone down who even suggests this is “imminent” or “on the cusp”. What a pass-time… 😂

Yes it’s happening, yes it’s a process, no we don’t have “any money come in yet” - it’s a pre production mining company…

Currently just short of 10p NPV.

Asset values (saleable assets) around current MC.

Finance happening - and when it does, the value will increase greatly.

None of this disputed by Bonky - but patience - or critical thought - not his strong suits…

Had to check and Stringer was green binned long ago too…

Moaning might relive some stress for you, but otherwise unhelpful.

Now, I wonder what sort of buffet you lot will have paid for - I hope it’s up to scratch… 😃

Regurgitation of the presentation….

Cannot be market sensitive…

Also doesn’t need to be passed by Nomad, so any nudge nudge wink wink stuff is fistful of salt stuff..

P.s. It’s not an airport…

I back them to get it across the line.

Credibility is an interesting one.

I wonder how the credibility of making it happen transforms post-finance and post production.

And again.

Like swatting flies on cow sh*t

Seems I got a response from the clown 🤡

Maybe.

Or one of the other ones… 🤷🏻‍♂️

Filtered him, think it’s obvious to everyone it’s the future we’re interested in now.

Not clown shows 🤡