Member Info for tintin35

https://www.stripes.com/theaters/africa/2022-01-25/ethiopia-prime-minister-open-talks-tigray-forces-4413914.html
Ethiopia's prime minister has said there will be negotiations between his government and the rival Tigray forces who have been waging war for almost 15 months, the chairman of a diaspora group that had an hours-long private meeting with him told The Associated Press.

Prime Minister Abiy Ahmed has never said so publicly as international mediation efforts continue amid one of the world's worst humanitarian crises.

Mesfin Tegenu, chairman of the American Ethiopian Public Affairs Committee, on Tuesday described the tone of Saturday's five-hour meeting with the prime minister as "a very earnest desire to stop this thing. ... Of course, the other side must be willing." The prime minister "said that there will be negotiations, reasonable negotiations, that will keep the interest of the integrity of the nation first," and the new U.S. special envoy who visited Ethiopia last week "would have ideas" about the process, Mesfin said.

What was the point of the RNS today?

A: KEFI's RNS Reach of 25 January 2022 set out the invitation and RSVP procedures for 7 February: the virtual webinar at 2pm and the physical meting 5pm.

Q: Who owns Winchcombe Ventures?

A: Some of the PDMR’s who are not also Directors of the Company. Directors’ individual entitlements are set out in the announcement of 21 December 2021

Q: Is Jeff Rayner a PDMR?

A: No. He resigned due to ill health in 2014 and is a consultant to the company.

they should be able to confirm at this meeting that the licence is safe.

That's the biggest worry (apart from lack of funding lol)

yeah - let's take this one slowly - no shopping trolleys down the hole as yet....output can only get better...

The principle of delivery from the Deeps has finally been established (hopefully!) This is massive news and glad I topped up again at these stupid prices....

Oromia is a mine barn where mineral resources are stored. Our country should use the barn in every way to change the lives of our people; our country should use its wealth. Today we are at Oromia Mining Exhibition and Forum with Oromia Region President Mr. Shimeles Abdisa. The exhibition shows that our hope in mining is wide and bright. We will also make our hope to be expressed in action.
Oromia is the hero of the collective of the albuds. We will develop this resource and ensure the development of our country. And so we will make all the knowledge and organisation needed

After all this I'm struggling to see how they would possibly go with a "No" or even drag their feet. This is a no-brainer...

the Company confirms that certain Directors, senior management and employees have today have been issued with a total of 134,947,069 Remuneration Shares and 67,473,534 Warrants. Further details concerning dealings by persons discharging managerial responsibilities and persons closely associated with them ("PDMRs") is set out below. All of the Remuneration Shares and Warrants are being issued in lieu of accrued fees and salaries that were due in cash and was conditional on passing a shareholder vote at a general meeting of the Company held on 13 January 2022.

The long process of mine application in Kallak seems to be over, if the statements of the government and the minister of trade are to be believed at the end of the year. Jokkmokk's municipal council member Robert Bernhardsson (S) has been following the case since 2014 and is now hoping for a green light for a mine.
Should it instead be rejected, he says that the council will demand compensation from the state.
- It is clear that business in Jokkmokk is treated in a completely different way than in our neighboring municipalities. Then Jokkmokk municipality will demand that the government sit down and have a dialogue. If you prevent hundreds of jobs, you also have to give something back, says Robert Bernhardsson.
How do you think ?
- Outside investment is needed for local businesses to flourish and as I see it the government is stopping it.
Kallak's investigation application has not yet been decided, although it may now be close. The message is expected to arrive as early as February.
Robert Bernhardsson is looking forward to a response, as he has followed the process since 2014.
- At that time, Jokkmokk had a nice balance in population development and if the decisions had come as planned, the preparations would have started now and in 2022 the business would have started. Robert Bernhardsson says the long-term process has had a major negative impact on local businesses.

am thinking "Can you dig it" by Mock Turtles, "Going underground" - The Jam "Outdoor miner" - Wire...

all looking good over there - up 4% and 2.19 sek - 18p

He's a pensioner and he's having a nice rest
https://www.theguardian.com/world/2022/jan/18/former-kazakh-leader-nursultan-nazarbayev-denies-fleeing-country

well, they got b*lls, that's what I'll say
KEFI (AIM: KEFI), the gold exploration and development company with projects in the Federal Democratic Republic of Ethiopia and the Kingdom of Saudi Arabia, is pleased to advise that it will host a shareholder forum at 2pm on Monday 7 February in London.

The event will take the format of a 15-minute presentation followed by a 15-minute open forum discussion on each of three topics: Tulu Kapi Gold Mines in Ethiopia, Gold and Minerals in Saudi Arabia and KEFI Gold and Copper plc more generally. The forum will be hosted by members of the KEFI Board and senior management, and will be open for attendance by shareholders both virtually and in person. The London venue details and how to access the event online will be announced in due course.

Additionally, KEFI has uploaded to its website (https://www.kefi-minerals.com) a presentation it is making today to the Company's Sydney-based shareholders.

just hit 2.1 sek

honestly thought we'd be waiting till after the next election (where the Greens look like they will be stuffed anyway)
this has been a very pleasant surprise.

ha ha - times have changed!

nice to see a 10% rise over there :)

won't be even tempted to sell below 30p. last time was much higher followed by a big fall cos local CAB knocked us back - followed by....nothing. This time - there WILL be a decision, almost certainly Yes - with conditions/caveats whatever. So no big sell off on news.
Bound to be a placement to get us going with South Kallak and the rest but then we have all the Buy out rumours. So worth keeping on for the committed!

KEFI’s assets are changing fast as are the environments it operates within. In light of that, can you provide shareholders the opportunity to meet the Board and senior management in London and ask questions about corporate strategy in light of recent developments?

A: We used to do this pre-COVID and it is a great idea. We will try and arrange this for February when the Board and senior management already plans to meet, as long as COVID restrictions do not change for the people we need to get to London.

We have been advancing rapidly in 2021 within Saudi Arabia. That jurisdiction is making huge strides for this sector. In Ethiopia we have been held back pending the country overcoming its internal issues. We understand that the recent bad news in Ethiopia has overshadowed the good news from Saudi Arabia and this is a great suggestion to invite shareholders to meet the Board and senior management and have an open forum discussion.

I reiterate a question from the webinar: to avoid having to fund any of our discoveries, can we consider a JV with any major mining company or other third party?

If we were to say discover the Hawiah feeder zone and it was as big as we would all wish it to be, then it would be of a scale that would both attract a major and require a major mining company - and several keep in touch.
For the scale of our projects as they stand, existing JV’s and project lenders are already in place and keen to fund the majority of capex for our projects as defined to date:
In Saudi Arabia, KEFI has joint ventured with one of the world’s wealthiest family offices. We target to fund our c. 30% equity share of capex, after sourcing project finance of say 75% of capex, i.e KEFI's equity share would be c.. 30% of 25% of the capex.
In Ethiopia, KEFI funds a small share of capex, as set out in our recent Quarterly Update presentation.
Having said that, access to development capital has never been KEFI’s challenge for these projects. The challenges have been for the local regulatory or political environments to settle down and allow the finance to commit and the projects to proceed.

good to see us coming up off record lows. The immediate threat of loss of licence seems to be receding so no need to panic sell anymore. Will be sticking these in a bottom drawer for a couple of months but I will happily take 3/4p n funding confirmation (finally!)