Member Info for tintin35

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...

to 0.9
0.89p paid :)

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

https://www.miningweekly.com/article/kefi-confirms-funders-remain-on-board-despite-7-increase-in-tulu-kapi-cost-2022-10-20/rep_id:3650

This is the key for me, not some measly two weeks delay;

- final proposed project finance plan had been circulated for final signatures

we've been waiting ages for this!

we can now hit the ground running (so to speak). Whatever happens with TK, this mine is going to happen!
"The re-issuance of the Jibal Qutman exploration licence is a critical milestone on the Jibal Qutman road to gold production. As previously announced, this licence, which covers the main Jibal Qutman resource area, will allow the exploration and project teams to re-enter the site and complete the field work and testing required to close out the DFS by the start of next year which will then be used to support the mining licence application.

"The exploration teams are also excited to get back into the field and start the process of expanding the existing resource at Jibal Qutman and making new discoveries in this highly prospective 270Km2 land package that has been created for KEFI's Gold and Minerals joint venture."

no chance - harry needs people buying in at 1.4p to fund this so any placement would knacker that. Just two weeks to go now.

https://www.proactiveinvestors.co.uk/companies/news/993849/kefi-gold-and-copper-says-it-s-better-positioned-than-ever-993849.html

Measuring the Company’s underlying assets on an NPV basis, has resulted in the indicative NPV of its
three main assets of £306 Million¹. The basis for these estimates is consensus long-term price
forecasts and other explanations provided in the footnotes below. KEFI’s planned beneficial interest
in the underlying valuation of our Saudi Arabia projects (carried at Nil in our accounts) is now
approaching that of the Ethiopian Tulu Kapi Gold Project ($140 million being 73% of $193 million).

currently worth 24m....

it's interim, historical, results - we knew virtually everything in it.

still waiting for the Big One

volume starting to increase, although the 28p sale was probably someone taking the p*ss....

The Tulu Kapi Gold Project is expected to be one of Ethiopia’s largest export generators with the first full year of production targeted to be in 2025 at approximately US$250 million, employment approximately 1,000 direct jobs and indirect employment of 5-10,000 people.
https://addisstandard.com/news-kefi-gold-govt-agencies-agree-on-action-plan-for-first-phase-community-resettlement-local-employment-upgrading-security-at-tulu-kapi-gold-mines-in-oromia/

I think this is what I was referring to - still some stuff for the EG to do? But we should be hearing v soon of the financial completion arrangements. Can't see any reason for any further delay. October could be a fantastic month for us!

starting in October 2022, pre-conditioned on the security situation being independently assessed as completely ready and the few remaining regulatory administrative tasks being completed.

It's not hard to read all your comments on this board - and every single one of them is negative....

anyone want to claim that £58k buy this afternoon?

:)

Ha! - misread that - could be anytime in September
KEFIGOLD + COPPER
8
Next Steps
Tulu Kapi Launch
• September – Government to resolve final detail for both banks to lend on same terms
– Committee and board approvals of all key participants

Definitive agreements to be signed
https://www.kefi-goldandcopper.com/files/presentations/kefi-adu_conference-presentation-31aug22.pdf

again...at 0.544p - am hoping, just for once, this is as low as it gets......

22 September looks like it could be an interesting day...

just to be clear;
Tulu Kapi Launch
• August – Final contracting terms for the plant construction
– Final contracting terms for the mining services
• September – Government to resolve final detail for both banks to lend on same terms
– Committee and board approvals of all key participants
• October – Sign Definitive Project Finance Agreements and Trigger Launch
Jibal Qutman
• September – Issue Exploration Licences to allow mobilisation to field
• October – December – finalise DFS
• Q1–23 – Apply for Mining Licence and project finance
• Mid-23 – Financial Close, Trigger Procurement
Hawiah
• December – PFS
• 2023 – Expand resource and DFS