RE: News...kind of14 Jan 2021 08:22
14th Jan updates to Q&A
Q: Will the company issue a quarterly report this month?
A: Yes, the company’s disclosure policy is to issue quarterly updates followed by “question and answer” webinars for shareholders and investment analysts.
Q: When can the company report that financings have no outstanding conditions or caveats?
A: It is normal in all project financing transactions that this can only be done after all conditions precedents are met and financings are drawn down as, until then, there remains something to be done or confirmed.
Q: Why did Standard Life and Odey sell KEFI shares some years ago?
A: Standard Life closed its junior mining fund and Odey liquidated many investments across its portfolio for reasons which were well publicised. Other institutions have replaced them on the KEFI register.
Q: With hindsight , was it good for KEFI to have worked with the Swiss Bond Arranger, Lanstead and ANS?
A: Management works hard for KEFI’s progress to continue despite a turbulent working environment in our frontier markets. The opportunities and upside is worth it in our judgement. The company has in recent years withstood three states of emergency in Ethiopia, a global pandemic and the Tigrayan insurrection. During that time, the financing consortium has continued to be refined by management in the best interests of the project and our shareholders. The consortium is stronger than ever and it works diligently towards start-up as reported in recent shareholder updates.