Member Info for Simms45

News will build this month but key is we have RNS confirming debt finance in place subject to some details so lawyers, as i suggested, would take a view and make funding subject to these small details, that arguably cant happen until bank has formally agreed. Now lead bank has confirmed funding all other parties can fall into place. This RNS is far better because it confirms what we have been told anecdotally but now we presumably have a formal letter from bank allowing this to go through an RNS. Yes its a major pain this is not done years ago and certainly prior to Christmas but we have made a significant step forward and now other parties should quickly follow given the lead lender moves the whole party forward. This share will start to creep up today and into the following weeks as the news and subsequent news unfolds. As to placing we have short-term lending that csn last us easily 3-6 months and Harry knows importance of warrants being triggered so i i see that being the way forward.

Today is the first day of the transformation of Kefi over the coming months as reality takes hold that TK is happening and lots more news incoming. Today we stand at a mere £30m market cap but we are at point of landing a £390m finance package of which £320m is debt. Huge upside for all investors as we build momentum over coming weeks. Valuation should start to head towards £250m and especially so with news coming from Saudi projects due in coming weeks. Could be many RNS updates over next period. Well done Harry for the tenacity to stay the distance and onto the next chapter of Kefi history.

All great to see. Counting down go the sign off. Ethiopian government need as many dollars as they can to service debts so they are working as hard as Harry to get TK on the road to generating billions of dollars of gold exports. Cant be much longer but 18th webinar should be a big one if this all falls into place. Happy to wait a week or so. gla

Hopefully a bit more momentum tomorrow to recover lost ground as based on recent webinar it sounded we would get an update on the early New Year but any deal should get announced this month as the sales process needs to get resolved or realistically crack on and build a mine through some JV so we keep at least 50% of the mine.

We had almost millions of shares traded a few weeks back and we rose to 25p and now on tiny sells we slip back to 21.5. If someone sold as many as was bought a few weeks back we would be fractions of a penny. MMs collecting stock and playing games as next push will happen shortly. Maybe buyer is lurking waiting for next opportunity to stock up on the cheap. Come on MC and deliver some news.

Just back from Ethiopian Christmas so lets see what news this week. I feel more confident that we will get the credit committee sign off and trust Harry and the EG to work together to get the project on track as it is now 3 weeks behind the date we were advised we would get an RNS.

It does seem surprising we have not moved towards 30p as it seems a deal should get announced sometime this month. The question will be at what price but JM will now need to make a decision whether he accepts or whether he is going to put his hands in his pockets with some of his mates and take this all the way or somewhere inbetween. This was always a JM decision to sell the asset so if he was wrong then he should accept some accountability and responsibility to get this project moving. With gold on the ascendency with the interest rates about to drop maybe as much as 2% in 2024 in the US gold will likely rocket a lot higher. My expectation is that given the options he will exit.

Just need to sit tight and wait for the cavalry to arrive in the form of credit sign off proper. Disappointing this was not signed prior to our Christmas but Ethiopia will have its Christmas this Sunday. We are very close and just hope that within a week or so we will talking about something else as you would expect ultimately lawyers acting for the banks will have to take a view on anything outstanding as it all just seems minor. What they do not want is for the delay to scupper the deal so my view is we will get a rapid RNS not long after the 7th. Maybe a week or so but middle of January could well deliver. As to placing i just feel this is only likely if somehow this is pushed back to the middle of the year but anything before March should be possible as we had a big raise last May and we have access to short-term borrowing if we need it. gla.

Ethiopian christmas this weekend. Government could be looking to announce right afterwards so fingers crossed we close the finance. Everything in place including government open backing so it should now be just waiting for optimum time for government to maximum the political benefit.

Typical a few k sold today and drops 2.5p. What are MMs up to. So many condor gold shares changed hands just prior to christmas someone must know something for such huge activity. Hopefully we get a sold RNS in next week or so.

Harry was clearly deflated this was not delivered prior to Christmas but assuming the Q&A is correct then surely we should get the approval in the next few weeks, ideally next week if it is correct this was continued to be worked on over Christmas. The locals are getting life changing sums of money for Ethiopians so i think they will be keen to move on given this has been hanging over them for around a decade. please Harry do not find another small detail that delays progress. Really i did expect all the counter-parties to now have signed all documents and for these to be held in escrow waiting on approvals from bank so the funds can be released. everyone is pointing in the right direction so it seems more of when and not if but will be transformational for all shareholders.

I do wonder if RNS today was almost a reminder to anyone who has recently acquired more than 3% to show their hand? There was a big number of shares moving around last month and i an not sure it was only PIs. Apart from an asset sale announcement imminently it would be nice to get a suitor make an all out offer.

To think this share peaked around 3p and now only by 100:1 split we are back the heady days of 3p so a 99% fall. Shame company is only worth £4m. There has been plentt of skullduggery but the tech is grea and have the proof in Italy but the company is badly tainted and will take time to recover and deliver on promises.

Steady buying all day. Should hopefully see Condor jump in the coming days as news could be due anytime in January but we will have to see. hopefully we will looking pushing back to the mid 30s and i suspect in the New Year the US government might soften its stance with Nicaragua as China is having ball in the country and the US will not want to have China overly influential. Whomever ends up with la India we are now over 12 months into the sale process and at anything under $150m they will be getting an absolute bargain.

£24k buy gone through and some smaller trades so momentum still going well so could be a tick up later today before christmas.

Whats frustrating is Eqtec might well have known the banks refinance as it was doing a 125% premium share deal with Altair and Pitcole. Therefore potentially a large part of the placing was not necessary as what seems to happen everytime is Altair sell billions (now millions) of share and we carry on falling into the cracks. We just need to know Altair and Pitcole or whoever else just got a load of shares they are selling for working capital will stop. Board should be investigated for their close relation with Altair and what is discussed behind closed doors as Altair have been a major factor in the almost 99% share price collapse from their highs of 3p or £3 in todays money after the billions of shares they sold down from over 1p down to .03p. Technology clearly has huge potential but what can you do if Altair and board are just a little too close.

Well for a start its a 2x return for investors for possibly a month of waiting. I think Jim has not taken this process to over 12 months to not get top dollar. We have 2 advanced buyers and that is all we need to make an auction so let the biggest offer win and do so with some haste. It is interesting today buys are considerably ahead of sells but we stayed level. Last day tomorrow to load up before christmas!

Our buyer is back. Another £30k bought. Could see a strong end towards Christmas. Bid still not budging but likely to move considerably higher.

They key of the mill is that it is a long lead item so this reduces the build time. if a Chinese company bought the assets, or in fact any major mining developer, I am sure they will have it all operational within 12 months and the mill being onsite means that most of the other works will be local. Hopefully we will get that binding offer after Christmas or early New Year.

Lets see if we get the paperwork back before 7th January confirming credit approval. it is a lot closer than some people here will let you believe. You do not have the president of Ethiopia involved and all these major players putting in valuable time for the fun of it. it is not everyday a £30m market cap miner lands a $390m financing allowing Kefi investors the chance to convert $95m sweat equity into our 80% stake. It is a major deal and while it is painful to watch we are getting closer. It is probable we get the approvals in early January so plenty of time to load up in the meantime.