Member Info for topsharepicks

thnx !

if you think about it the Ethiopian investors below must be thinking hey were putting in $30 million for 30% IF we snap up KEFI well have 77% so what would they offer? $30 million to secure additional 54% and with Gold rising to near highs all they need is more money captain. The question is what would harry want?
$30 million values this at 3p
$40 million 4p
$50 million 5p

Can they even do that at this stage?

11 June 2018
KEFI Minerals plc
("KEFI" or the "Company")

Tulu Kapi Gold Project ("Project")
US$30 million Project Equity Investment

KEFI Minerals (AIM: KEFI), the emerging gold producer, is pleased to report that it has reached agreement with an Ethiopian investment syndicate for the proposed acquisition of a 30% ownership interest in KEFI's wholly-owned subsidiary KEFI Minerals (Ethiopia) Limited ("KME") and holder of the Company's interest in the Tulu Kapi Gold Mines Share Company Limited ("TKGM"). Under the proposed terms, which remain subject to final documentation and government approval, the syndicate will invest US$30 million in local currency (Birr) equivalent of which US$9 million will be invested in August 2018 and the balance upon closing of project finance.
This will mean that upon closing of project finance, the ownership of the Tulu Kapi Gold Project via TKGM would be circa 23% by the Ethiopian Government and 77% by KME. KME would be owned 70% by KEFI (equivalent of 54% of TKGM) and 30% by the Ethiopian investment syndicate (equivalent of 23% of TKGM).
At approximately US$1 million per percentage point of ownership, the proposed equity pricing terms for the Ethiopian investment syndicate are broadly consistent with those entered into with the Ethiopian Government for its committed investment of local currency (Birr) equivalent of US$20 million into TKGM, except that the Ethiopian Government is also entitled to a 5% free-carried interest in TKGM.

or news...………….. :))))

could mean large trade being filled

weird cant buy £10! funny they can buy and sell 100k's then suddenly go into auction!

Thats what will happen when the funds RNS lands imo

Stockraiser this bit im not good on NPV so with gold currently $1550, $250 above what does that mean for NPV and share value which today 1.1p most of June it was 1.5p. Gold is 20% higher than June so that implies a 100% increase in NPV right? If so thats bonkers looking at 1.1p today should be 5p

From a price-risk viewpoint, we have designed the development and finance plans to withstand a flat gold price for the next ten years of US$1,050/oz – which is the lowest gold price experienced in the past five years. The average gold price during the past five years was approximately US$1,300/oz and that has been adopted as KEFI’s base case flat gold price assumption for financial projections for the next ten years.
From an upside maximisation viewpoint, it is notable that KEFI has reserved the exploration rights to an area of 1,900 square kilometres of prospective ground with walk-up drill targets within trucking distance of Tulu Kapi. It is also notable that a 10% increase in either production or gold price above our base case assumption of 140,000 oz p.a. and US$1,300/oz, increases project NPV by c. 50%. And it is also notable that the upside potential of our ground position in Ethiopia is actually surpassed by that in Saudi Arabia, albeit earlier days for those projects.

assumed $1250 gold today its $1550 that adds $250 million to total revenue over life of mine

https://www.kefi-minerals.com/projects/ethiopia/tulu-kapi/dfs

is this TK or Hawiah
https://twitter.com/kefiminerals/header_photo

wonder if those down under are phoning a friend here saying BUY ME SOME

1170000 off the table...……….. wont take long to gobble up the cheap shares the rest will be wanting 2p 3p 5p 10p!

242510 back on BUT AGREED some decent buying ahead of lift off!

Very overlooked and looks like everything about to come together. Hat off to Harry his stuck in there through thick and thin he must be getting really excited the day they start digging

remember this day it was the day KEFI went close to 5p this time its looking real.

This project equity proposal reflects KEFI's commitment to maximum feasible "Ethiopianisation" at every level of its activities in the country. The Federal Ethiopian and Regional Oromia Governments have publicly declared that mining is a top priority and Tulu Kapi is the most advanced modern mining project in the Oromia region and in Ethiopia generally. The Project, which is designed to comply with national and international environmental and social standards (in particular Equator Principles and World Bank IFC Standards), will be directly employing and training over 1,000 people by the end of 2019 if all goes according to plan, and would generate significant indirect benefits to local and regional stakeholders for the long term, in addition to export revenues of approximately US$200 million per annum.
In related developments last week, the Tulu Kapi local government community compensation committee commenced the process of allocating the proposed compensation payments to the individual households to be resettled. TKGM also re-affirmed its commitment to the livelihood restoration program for resettled households, its commitment to the community development program set out as part of its mining licence approvals and appointed its senior site services manager to oversee the Company's social performance team for community programs as part of the role.
Harry Adams, Chairman of KEFI Minerals commented:
"We are delighted to have agreed terms with the Ethiopian investment syndicate, which further strengthens our alignment with local stakeholders for our Tulu Kapi project. Their investment on roughly the same terms as the Ethiopian Government means that c.46% of the Project equity will now be held by the Ethiopian Government and local investors to complement the other benefits.
"KEFI's remaining c.54% beneficial interest in the Project, along the lines previously foreshadowed, gives the Company an implied valuation of US$66 million based on these transaction metrics, whilst not including any value for the Tulu Kapi underground deposit or the exploration prospects in Ethiopia and Saudi Arabia, the largest countries within the highly prospective Arabian Nubian Shield where KEFI is focused.
"KEFI has now assembled the proposed full project funding consortium, including contractors, equity and non-equity capital and is expected to move towards full financial close later this year by closing out the remaining Ethiopian Government processes and approvals, along with completion of due diligence and formal documentation. The Company looks forward to updating shareholders on its progress over the coming months."

RNS Number : 8693Q
KEFI Minerals plc
11 June 2018

11 June 2018
KEFI Minerals plc
("KEFI" or the "Company")

Tulu Kapi Gold Project ("Project")
US$30 million Project Equity Investment

KEFI Minerals (AIM: KEFI), the emerging gold producer, is pleased to report that it has reached agreement with an Ethiopian investment syndicate for the proposed acquisition of a 30% ownership interest in KEFI's wholly-owned subsidiary KEFI Minerals (Ethiopia) Limited ("KME") and holder of the Company's interest in the Tulu Kapi Gold Mines Share Company Limited ("TKGM"). Under the proposed terms, which remain subject to final documentation and government approval, the syndicate will invest US$30 million in local currency (Birr) equivalent of which US$9 million will be invested in August 2018 and the balance upon closing of project finance.
This will mean that upon closing of project finance, the ownership of the Tulu Kapi Gold Project via TKGM would be circa 23% by the Ethiopian Government and 77% by KME. KME would be owned 70% by KEFI (equivalent of 54% of TKGM) and 30% by the Ethiopian investment syndicate (equivalent of 23% of TKGM).
At approximately US$1 million per percentage point of ownership, the proposed equity pricing terms for the Ethiopian investment syndicate are broadly consistent with those entered into with the Ethiopian Government for its committed investment of local currency (Birr) equivalent of US$20 million into TKGM, except that the Ethiopian Government is also entitled to a 5% free-carried interest in TKGM.
These terms are also broadly consistent with actual historical equity investment costs and with Project NPV's (open pit only) at start of construction of US$115 million and at start of production of US$192 million respectively, ignoring the underground deposit and exploration prospects.
KEFI has now assembled the proposed full project funding consortium including contractors, equity and non-equity capital. For the Project to proceed, all stakeholders now rely on closing out the remaining Ethiopian Government processes and approvals, along with completion of due diligence and formal documentation.
The Ethiopian investment syndicate leaders have a record of successful investment in other local enterprises such as hotels and banks, two of the sectors which have grown significantly in the past decade, during which Ethiopia has been amongst the world's top ten growth countries every year. Subject to the recent progress being maintained by all parties, it is proposed that financial settlement from the Ethiopian investment syndicate will take place in two stages, with the first 30% of their investment closing at the end of August 2018 and the remaining 70% immediately after full project funding is in place. The use of proceeds would be to fund project finance closing, community and development costs.
This project equity proposal reflects KEFI's commitment to maximum feasible "Ethiopianisation" at every level of its activitie

"Last minute actions"

4 September 2019
KEFI Minerals plc
("KEFI" or the "Company")
Planned Start of Tulu Kapi Gold Project Development

KEFI Minerals (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 announce that KEFI and its partners in Tulu Kapi Gold Mine Share Company Limited ("TKGM") have confirmed their respective commitments to the start of development at the Tulu Kapi Gold Project (the "Project") in October 2019 and issued the following public statements on Wednesday 4 September 2019 in Perth, Australia, at the opening of the Africa Down Under Conference (2am London time).
• Statement by the Executive Chairman of KEFI and TKGM, Mr Harry Anagnostaras-Adams: "It is exciting that the Tulu Kapi Gold Mine development is starting and especially pleasing that it is in joint venture with both the Ethiopian Government and private sectors. All parties are completing the last-minute actions for next month's start of the 24-month development schedule to achieve full production in 2021. This will be the first modern mine development in Ethiopia for decades and has taken great determination and collaborative effort by all parties, for which we are most grateful."

topsharepicks - I'd be surprised if ANS announced they were immediately moving ahead in the next day or two as they are still at the Conference. It would make for quite a spectacle if they did though! One can only dream.

Maybe theyd like a special announcement to me that would be the perfect timing to gain interest. Everything looks set for lift off here

ok if they want a larger stake terms to be agreed I cant see them not wanting in now especially with Gold looking solid

which RNS?

as I type another million share buy £10k not small change! it wont be long before free float soaked up.

shareminator

whats your best guess financial payment by ANS? assuming they were ready with funds im expecting possible by end of this week? Its my opinion when that RNS lands thats when as you say we can expect a material rerate here 2p or even more.
The huge rise last June is indicative of whats to come and I very much doubt the mm's will allow buyers in easilly. Hence now a perfect opportunity to accumulate.