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The Ethiopian National Defense Forces (ENDF) has announced, once again, a renewed military operation against the Oromo Liberation Army (OLA), which the government refers to as PLF/Shene, in southern Oromia aimed at destroying the rebel group operating in the area and stabilizing the region. The army also said it has liberated several villages in Southern Oromia.
on 22 December, Oromia regional state has announced that it was preparing to take an “organized law enforcement measure” against the group. Deputy president of Oromia region Awolu Abdi said that the details “would be worked with serious attention to ensure lasting peace,” and that “an organized law enforcement measure [will] be launched.”
https://addisstandard.com/news-army-threatens-to-eradicate-oromo-armed-group-again-claims-success-in-liberating-villages/
I think kefi would have said in the tweet if it related to any deals kefi were making
We are pleased to see Endeavor Financial, our project finance advisers, win the MinesAndMoney 2022 “Deal of the Year” award!
The award was presented last week at the MinesAndMoney Awards for Outstanding Achievement.
Placings are inevitable with mining shares until they start making money. But, in this case, funding should push us well over 2p and, if no other funding is available (loans etc) we might see one next year. But at a price I can live with!
Placings are often higher than the current SP if investors see big opportunities ahead. Like this one......
hmmm...
It is claimed by some on the anonymous bulletin boards that they communicate with KEFI's Chairman by email or phone. Is that correct?
A: Not unless they are one of our team or advisers, which would be in breach of policy and regulations and which is hard to believe.
don't forget that people are still selling their 0.8p placement shares. There's a lot of them. But it gives everyone else an opportunity to buy below 0.9p.
This is happening bar the paperwork.It all points to significant progress in the next few weeks and no more war to deal with either.
All good in my view
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.
Since signing the syndicate Umbrella Agreement in June 2022, we have updated all Project costings with international fabricators and other suppliers, updated contract documentation, had both of our banks confirm there are no more policy impediments to their participation, adjusted intra-syndicate finance contributions and started assembling completed documentation for lender review before execution.
As with any project financings standard conditions must be satisfied before and after signing of definitive agreements by all parties, including completion/registration of documents with the various Government agencies, opening international project bank accounts in collaboration with the National Bank of Ethiopia, placing insurances internationally through the Ethiopian agents, registering loan-security, receiving confirmations of tenure for mining and exploration and the independent experts' confirmation that conditions on the ground remain conducive to the planned operations.
We're not opening a corner shop here - the project is massive and will be the country's biggest export earner. Still things to do. But it's happening! If you wait for the very last piece of the jigsaw you will miss out on any big increases in the SP. Your choice.....
During the recent Edison interview with the Chairman, he made a remark about "getting the Warrants properly priced". If as stated in your presentation last week you are not looking/going to raise before THE completion, are you looking at scrapping existing Warrants and redoing them at a higher price or something else?
A: We have not gone back to listen word by word to either the question put to the chairman or the answer provided, but it is certainly the case that the Chairman would have acknowledged that the market needs to see the details of project finance, so that the company’s securities (shares and warrants) can be properly evaluated with full information.
A: KEFI handles this matter as follows:
- We pay the standard research fee to Edison Research and Orior Capital to do and publish detailed research because no-one else does for small companies. They explain the relationship and role every time they publish.
- Our corporate brokers occasionally publish research and they explain the relationship and role every time they publish.
- We do not pay for any share investment platforms or media to publish opinions. We do however respond to media enquiries and we do pay to attend some conferences and the associated media will often conduct interviews and publish stories.
- We do not engage with anonymous bloggers or their platforms. It is by and large against regulatory and company policy because of the lack of transparency and accountability.
Something tells me we are going to have a brilliant week ahead! we were trading at 2.7p two years ago without being anywhere near where we are now. Even with the extra shares that gives us way further to travel...
Just to let you know that a recording of the presentation: KEFI GOLD AND COPPER PLC - Investor Presentation, along with responses to questions that were answered by the company are now available for you to review in the meeting archive