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Robjm66,
TK-
Security ?
Finance $80m ?
Syndicate signatures ?
Umbrella YES (expiry of Umbrella ?)
Achievement in TK, Nothing. The above ? hopefully achieved by end of July'22. The works start only once the above is closed, Earliest in Oct. Any photos/videos of work carried on site ?
The SP reflects ! 0..006p
KSA
Exploration on going YES.
Then negotiation, security, manpower, machines etc after start of project, date and time at the same as in TK, god bless us.
Olmsey,
I might be wrong and hope to be so.
However the article mention Project and Exploration in Ethiopia, i go by the 'Letter', it mention 're-commence' and held due to regulatory permission. 27thJun'22 RNS for refuting license cancellation.
Additionally the headline states focus on SA.
Being my first large investment, i am cautious.
The project was meant to start in Oct'21. Then Finance and Security to be closed on Jun'22, moved to Jul'22 with an Umbrella and now this clever folks on the BB are mentioning end of the year. No sign of the security document, though we have 2 weeks.
One can only hope, the diluted money is in the Share and will grow by end of Jul'22.
Smellyben,
There is an Ethiopian and SA projects.
The headline says "Kefi Gold & Copper switches focus to Saudi Arabia"
https://www.lse.co.uk/news/KEFI/in-brief-kefi-gold-copper-switches-focus-to-saudi-arabia-3hboo6yonjnvmut.html
IN BRIEF: Kefi Gold & Copper switches focus to Saudi Arabia
Correct me if i am wrong
"Company says it is "keen" to re-commence its exploration of additional prospects at the project but is awaiting regulatory permission."
TK is dead for now as per this alliance news.
" The focus of the political rivals is now peaceful negotiation and the focus of the domestic security forces has now switched to the policing of priority areas which still experience localised conflicts from time to time. No such conflicts have taken place in the vicinity of the project site."
30Jun22 RNS mentioned the security consultant has submitted the report andsame needs to be Documented. There is no mention of the documentation, No conflicts in the vicinity, what is the SCARE ?
"Tulu Kapi's stakeholder management and security systems (apparatus, policies, procedures and team structure) have been upgraded, "
Any photos/Video of the same, machine, workers acc, roads.
I don't see any BITE to raise the SP as yet, in the 2xRNS this month.
Bear in mind folks, the break up of the investors in the project is EG=30%, Syndicate Ethiopian=24% and KEFI=53%. We haven't heard anything from the syndicate in any RNS.
We still have 2 weeks. Am still hopeful of the SP 2.4p by end of Jul'22.
Swazers, Excellent work.
In Aug/Sep 2021 it spiked up close to 3p Then in Oct'21 the project was meant to take off but security scare etc.
As per your analysis (am absolutely green ...) there is a wedge, it is likely to shoot-off - boom. 3p again !
God Bless you.
I hope to see this "security closure DOCUMENTED" in the next or end of July RNS.
From the 30thJun'22 RNS.
The Project action plan "now includes the following key steps":
· to document the positive outcome of a successful inspection last week by independent security experts and to finalise with security authorities the requirements for Project launch at the start of the Ethiopian dry season in October 2022;
As i understand, the security closure is open. We still need to "DOCUMENT" the successful inspection.
With Due respect, Understand WHAT YOU READ !
This is what i mean in the GAPs.
".....to finalise with security authorities the requirements for Project launch at the start of the Ethiopian dry season in October 2022;"
This report was supposed to be closed on Jun'22. As per the ''Umbrella RNS'', this has been shifted to Oct'22. Like i have been saying, there are huge GAPs in the narration. Aug23 2021 this project was meant to start on Oct'21.
Apparently and conveniently, some silly folks kidnapped KEFI workers or contractors before Oct'21.
My 2c, if there is another security scare, syndicate refusal etc etc by end of Jul'22, this will show loss of management of KEFI.
There is something missing in the fundamentals of this project.
End of '21, the improvement in security was highlighted. Last Jan'22 a security team was set up, this security report is yet to be closed. This report was due end of June'22.
Next the whole project has not focused on KSA.
Last Aug 23 RNS said 5g/T of gold. Latest RNS mentions 3g/T of gold.
Nothing of value to show in the SP in over 15yrs of this project.
If i do not see the SP at or above 2.4p on 1stAug'22. I will complain against AIM.
Have been raising this since start of July, the Arsxxxxx were talking about KSA.
"Those 450 million conditional shares hit the market almost two months ago:"
HAA action leads to ......
"A million shares only in recent years would have cost around £25k+ at 2.5p and now are available at £6,400 now at 0.064p"
Bringo; is your other name starts with Axxxxk ?
DShox; good work, keep it up /\
If there is metals of $1B in TK, 3 weeks from signing and 3mo from start of digging, the SP sucks. Last year the SP was far better.
KSA is very far...
Today the KSA man was missing, he was replaced by 4 different characters ramping about KSA.
Being in Jul'22, this is not assuring for me.
I am watching a Stansberry Research on YT, about a geologist Brent Cook.
He is now a Financer, he says once you have the confirmed metal in the ground, the SP should be reflect this.
We are 3 weeks from signing the agreement, the SP is ??? Sucks !
I too hope the same, provided we have the SECURITY CLOSURE. The security programme started early in Jan'22 and we are still looking for the CLOSURE.
The same was stated on 23rdAug'21, commence in the Ethiopian dry season starting in October 2021.
Let this rerate be shown on the SP, asap.