There's Lies, Damned Lies and then there's5 Mar 2024 17:04
Dirty Harry's Fibs :
21 Nov 2022 "Today's important milestone of the debt and equity leads approving the finalised finance plan allows all the respective Boards to formally approve the definitive documentation. I am pleased to report the Project is now up and away.
23 Jan 2023
We are now pleased to report that all lead contracting and equity investment parties have agreed their draft agreements and confirmed their intention to sign, ...... The Company expects all outstanding issues to be addressed imminently,
26 April 2023 , Final Tulu Kapi Umbrella Agreement Signed, "We push for construction in Q4 2023 following procurement and community preparations. In the meantime we await progress from Government on the remaining financial regulatory, security and community preparations and to which we lend our unwavering support.
30 May 2023 , Announces a retail offer via PrimaryBid to raise up to £1 million through the issue of up to 142,857,142 new ordinary shares.
The Company will use the net proceeds of PrimaryBid Offer to fund preparations for financial close and project launch at the Company's Tulu Kapi Gold Project ("Tulu Kapi").
19 June 2023, All Major Financing Conditions Precedent Now Met for Tulu Kapi......Today's announced progress with the Ethiopian central bank is the third significant breakthrough in as many months. This set of supportive Government initiatives clears the way for the launch of Tulu Kapi and reinforces the recent turnaround of the working environment in Ethiopia.
7 Aug 2023 The Company's schedule for Tulu Kapi remains for community preparations to commence this quarter (Q3 2023), ahead of procurement and construction commencement next quarter (Q4 2023), all synchronised with the Government's continued upgrading of security, as already committed.
5 Sept 2023 We remain focused on final credit and board approvals for the project financing, ahead of project launch in Q4 2023, with first production expected by the end of 2025.
Continued....