Member Info for tintin35

Smelly has always been a deramper of this stock - except he bought some recently at a penny. I can only assume he sold them otherwise only an idiot deramps their own investment....

slowly moving back to the .90s - just don't tell the sellers......

a great deal of shares were given to contractors etc in lieu of wages so they were bound to take the first opportunity to sell, even at a loss. We can't possibly know how many could afford to hold on to them to see what happens but it was bound to have a negative effect on the SP for a while. Once the shares have moved from the impatient to the (slightly more) patient we should see some huge rises (with the right sort of news!)

Thanks for the detailed quarterly update. It seems so much to do. Can it be achieved in 3 months to end-June?

A: The only thing that needs several months is to demonstrate a record of undisturbed field work, as part of the security assessment. Other than that, KEFI and its syndicate naturally require the remaining Government clearances formally confirmed before finalising respective board approvals and signing binding documentation to deploy 100’s of people and $100’s million.

Q. Now That the parties have declared humanitarian truce in Tigray effective 24th March; says move paves way for resolution of conflict ending, does this now mean all parties in the TK project will also look to move the finance deal sooner to closure or is the ambition/expectation still a June sign off as per Kefi`s previous communications?

A. Nothing has changed and the ceasefire is as expected. All parties are heavily invested in getting the project launched and no-one is incentivised to do anything other than proceed ASAP. As the vast majority of the capital is provided at the project level by a number of parties, KEFI’s responsibility is to lead the syndicate and ensure all conditions precedent are satisfied and, to that end, all technical and most legal conditions have been cleared some time ago. The status was highlighted in the RNS of 3 March 2022, which, for the most part, rely on Government actions. This was updated in the Quarterly released on 1 April.

Q. Because everything is finely balanced in the TK project and like all moving cogs it would only take only one thing to fail and scupper the TK project, has the KEFI team got a backup plan should one of its Syndicate members pull out of the Finance deal before completion/Sign Off as the main aim is to surely complete and catch up lost time "Full Steam Ahead" now that the country is at peace once more?

A. Given the time and effort given by all parties in the finance syndicate, we strongly believe this group will provide the necessary funds. Of course, the funding mix may be tweaked if circumstances change prior to closing.

ask is now 0.919 - been a few months in the dumps and now we can start to see a proper rise again!

not every placement share will be sold now - if the owners don't need to sell urgently they may hold for the same reasons we are....

all looking good today :)

break 1p today?

almost all buys today with no immediate sign of placement shares being dumped - new valuation is fantastic as long as we see continuous actual progress. Bought some more at 0.817p - and going up :)

The rns doesn't state that much for April so hoping we move a but earlier on the more serious financing stuff.
Finger crossed - Spring could be massive for Kefi!

Think of it as an opportunity that won't be there for much longer...

was hoping to top up at these bargain prices on Monday but we may see the overhang go today....

looks like the boxes are ticked for progress in March - well, that's a first for Harry! Actually doing what he said he would and in time! I think sentiment will start to improve rapidily now we've seen actual progress.

Now April;

April 2022:

o Launch of Tulu Kapi Foundation, administered with local authorities, community representatives and Ethiopian Evangelical Church of Mekane Yesus.

o Final pricing agreed with contractors.

have submitted the really obvious question;
Can you confirm that all the progress outlined for completion by the end of March has now been confirmed?
All field programmes recommenced for community consultations and new host land preparations, with regular independent security monitoring over the ensuing months.

o Remaining few Ethiopia regulatory administrative tasks completed, such as endorsement of historical costs, working rules for the London clearing account to avoid restrictions of capital controls and clearance for both banks to lend on same terms.

o Updated term sheet for offtake-linked mezzanine facility now involving senior lenders as well the metals trader.
Thanks

we are looking at a massive investment in Finland from our JV partner - it's why Kurt was away when we got the concession. Finland currently worth way more than our current SP - forget Kallak!

Also, Kurt made clear references to interested parties in JV/purchase in kallak - that could happen at any time. I don't see a small placement being a reason for a negative outcome here - it's how miners develop.

hopefully back in double figures today!

I have never for one moment thought we would ever actually dig anything out of the ground - we are an explorer - we find stuff, hope it's valuable, get a licence then sell. I suspect Kurt wants to know a bit more about exactly how valuable both kallaks are before he sells them. Will be a few months - then they will be queuing up....Same with Vardar.

Finland looks a long term deal with the JV partner doing most of the work

Vardar has ironically slipped under the radar - but to invest a million in it - we are now significant majority holder - there must be something there. Kurt is a miner at heart and knows his stuff.

we are basically ridding ourselves of the short term, in for a quick kill, investors. Their failure to spot the huge soon to be revealed potential in Finland or note that Kurt's last rns talks about JVs, and, let's face it, sale of Kallak to a Big Miner is their problem. Good riddance. Let's keep the faith :)

been here a few years so - yes. But it's the reason we are so cheap in relation to our assets. Gotta have faith in the long run...

it's worth reposting;
If all goes well, Vaasa will have a large factory for the production of anode materials needed in electric car batteries. The goal is for the factory to become one of Europe's leading players in the field.

It is a joint venture founded by Finnish Grafintec and Indian Epsilon Advances Materials that made a site reservation in the Gigavasa area and entered into a letter of intent for a factory with the city of Vaasa. Grafintec, formerly Fennoscandian Resources, is in turn a wholly owned subsidiary of international Beowulf Mining, which is listed in London and Stockholm.

The plan is to build an anode material factory in the area just south of the city, which is reserved for players in the battery value chain. The goal is for production to start in 2025. The anode is one of the main components of the battery alongside the cathode and electrolyte.

Vaasa's City Director Tomas Häyry welcomes Grafintec's and Epsilon's plans and says that the aim is to build up an anode material production of significant scope.

- The demand for anode materials will be very large in Europe in the next few years. The ambition is to become one of the most important players in the European anode material market, says Häyry.

According to Häyry, the planned factory establishment is an important piece of the puzzle in the Gigavasa area's strategy to create the conditions for a sustainable battery value chain.
Many competitive advantages

Beowulf Mining's CEO Kurt Budge says that Vaasa has many competitive advantages that decided the choice of place of establishment. You do not look at any other places. Budge visited Vaasa in October and praises the positive atmosphere of cooperation, infrastructure, know-how and access to renewable energy.

- All these are ingredients for success. Now we have a busy year ahead of us.
https://www-hbl-fi.translate.goog/artikel/nytt-foretag-vill-tillverka-batterimaterial-i-vasa/?fbclid=IwAR0PNITQ1qq2sWblJZm2DOLDcyf_2LwqFyZPks5v1H-6fDbBvlViiilfl9U&_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en-GB
from FB
Now Beo / Grafintech has a JW of 49% of this factory at SEK 4.7 billion.
49% of the investments in the factory are about double beo's current stock value.
Epsilon Carbon Pvt Ltd is setting up an anode material production facility in Vaasan kaupunki - Vasa stad - City of Vaasa with an initial investment of $100 mn in phase 1 by 2025, going up to $400 mn in the final phase.
Ambassador Raveesh Kumar met Vikram Handa, MD and Saiprasad Jadhav, CEO from Epsilon Carbon Pvt Ltd, Rasmus Blomqvist, Founder and MD of Grafintec Oy, Kurt Budge, CEO of Beowulf Mining plc and Puneet Thakur of Business Finland.