Member Info for tintin35

he confirmed that the partners would sort out any immediate finance - ie no fund raise - good enough for me!

They were never gonna love it were they?

They seem to give a lot of preference to the reindeer and the Sami - interestingly, the courts have taken a different view - so, make a decision - don't care why you say no - let the courts decide!

Baylan has no more excuses now - he said he would make his decision after they had commented. I don't care if it's a no - it will end up in court anyway - which we will win.

well, no one can say Harry doesn't want this to suceed!

looks like there aren't any local investors which puts our ownership of this baby up to 75% instead of 65% - which, with gold prices soaring makes this investment even better. No danger of losing the licence - it's in the EG's court now. New contractor on better terms then previous and all set to go.
Countdown to the AGM. Remember the news we got last year? the SP did nothing that day then virtually doubled the day after when it all sank in?

https://www.miningweekly.com/article/kefi-continues-progressing-tulu-kapi-2021-06-04/rep_id:3650

If people want to wait until the actual money is in the actual bank - that's fine - less risk - but do you think you're going to pick up these shares at less than 2p? The higher the risk the greater the reward here. I'm happy that the threat of losing the licence has disappeared, that there is no sign that the fundraising has collapsed. I'm still up 100% from last year and I see no sign of losing any of that - let alone the huge increase that will come when the nervous nellies finally get their confirmed funding rns...

SP should be at least 3p by now - why not? Because;
"we" thought the licence might be taken away - NOT HAPPENING!
"we" thought the whole thing was a fraud - NOPE!
"we" thought Harry was making the whole thing up just so he could live off his salary for another year - NOPE!
Let's get back to 3p today - and 6p by July :)

topped up yesterday and now it's BOOOOOM time!!!

well done all the believers!

and an even better deal with the contractor

· A new Project mining contractor, Corica Group, which is now the largest mining contractor in Africa, has been appointed, replacing the previous mining contractor on better terms after re-tendering of the contract. A letter of intent has been signed with them covering the major works package due to commence its procurement any time from July 2021;

just topped up at 1.865p - SP already reflects a delay in my opinion - upside waaay more than downside....

ADDIS ABABA - The Embassy of India to Ethiopia and India Business Forum (IBF) highlighted the available business opportunities for Indian investors in Ethiopia yesterday. On the occasion, Ethiopian Ministry of Foreign Affairs (MoFA) State Minister, Tsion Teklu acknowledged the important role and contributions made by Indian investors and businesses to the economic growth of Ethiopia.

She highlighted that India is one of the top investors in Ethiopia and 617 Indian companies registered with the Ethiopian Investment Commission (EIC) employ about 75,000 workers in Ethiopia. State Minister listened to the issues raised by Indian investors and assured them of early resolution. Ethiopian Trade and Industry State Minister Ambassador Misganu Arega highlighted the opportunities in Ethiopia and encouraged IBF members to facilitate more investments from India.

He assured that the Ministry of Trade and Industry stands committed to Indian investors in Ethiopia. Ethiopian Investment Commission has clarified investment opportunities in Ethiopia and priority sectors identified by the government were made by the commission. Representative of the Ministry of Mines also highlighted that there is huge potential of the mining sector.

someone wants to invest in mining in Ethiopia...
https://www.bloomberg.com/news/articles/2021-05-26/kenya-s-biggest-bank-targets-seven-fold-customer-growth-by-2025

nice bit of copper and gold. And copper is the new Gold!

If Sweden want this nice new clean techy world they need copper and gold (and iron) - the sooner they figure this out the better

miners doing fine in Ethiopia...

https://allafrica.com/stories/202105220039.html

Sounds good. EG would hardly wish to cancel a licence they had a huge part of (and deal with any subsequent legal action). I suspect someone in the EG is getting as frustrated as we are and that sgould chivy them up a bit (especially the local investors who have had far too long to make their minds up)

...whatever, got some more at 2.047p - will get more if this pops down again....

2.1p paid - it's a start.....

This is an incredibly big development for a small company like KEFI - we are dealing with investors and a Government far far bigger than us. We do not control the narrative. I think Harry has done an amazing job when you consider all this. Anybody who loses faith should just sell - I'll be happy to buy your shares....

From other board;Ethiopian groups have money, term sheets have been signed by senior lenders, offtakers one of the big international companies so waiting on local investors and one big company. Well-capitalised local investors have emerged, looking to re-invest in Ethiopia alongside Government and KEFI; • KEFI has improved the project finance plan to increase planned beneficial interest from 45% to c. 75%; • We have preserved schedule to start full production at TKGM H1-2023 at 140Koz pa and later lift to 190Koz pa; May 2021: Anticipated approvals by syndicate of the c. $300M project financing of TKGM: » Mining contractor c. $70M finalise contract (submission received); » Senior Lenders c. $140M formally approve loan details (terms sheet already signed); » Equity-risk capital: • $20-30M: Local equity into Tulu Kapi Gold Mines SC (TKGM) ie project company level: • $20M: Government, for off-site infrastructure (binding contract already executed); • $0-10M: Local Private (invited March, now need to commit if wish to participate); • KEFI Group c. $80M: • $15-30M: Offtake-linked subordinated into KEFI (terms sheet signed); • $10-30M: Subordinated convertible finance into KEFI Ethiopia (from local investors owned; by strong international companies keen to support Ethiopia with their local profits. One has signed terms sheet. Others invited March and need to commit if wish to participate); • Remaining balance to be finalised, and then sourcing and allocations to be optimised. June 2021 Regulatory confirmations required from Government and from KEFI shareholders at AGM; Trigger Tulu Kapi full development of open pit, (gold-silver);

Government registration of detailed financing documentation commenced April 2021