Member Info for WorldWidePleb

I might be getting my wires crossed here Catbert but that quote is from the most recent RNS from the company.

This company needs new management.

Great asset, great company, abysmal management.

The compressor issue updates put the recent director sells front and centre.

They bought second hand compressors…

“ oh… the lead times.. blah” - It's called project management and planning. It's not like we were planning Cascudura for years.

Why aren't a full set of spares for critical equipment on site!? Standard stuff in this industry…

Isn’t that the amalgamated payments, or a mix of, for all management Cybaa.

Harry is paid around 75k - 100k cash. And then in shares. Which is far less than most Aim management.

Robbieishere can I ask where this info came from and what type of event it is?

“Big event in Addis with all the banks and investors etc on 4/5 December”

I can’t find any mining conferences etc.

I should have added detail for point 2.

Specifically - Capital controls

A third-party report sums it up nicely:

"On 8 September 2023, the National Bank of Ethiopia (the Central Bank), recognising the need to attract strategic foreign investors to support Government growth and development objectives, and to generate foreign exchange inflows, issued a Directive effectively removing foreign exchange controls for large mining projects."

"Critically, this removal of the exchange control was the final major condition for the banks’ final credit approval for the Tulu Kapi project funding.

KEFI said, 12 September, it also received formal approval of the updated Environmental and Social Impact Assessment, facilitated by the Ethiopian Ministry of Mines, as well as updated completion schedules from the power and roads authorities for offsite infrastructure.

Now, only documentation and administrative matters remain. Project launch remains on track for 4Q23.

After years of setbacks, KEFI’s shares look incredibly undervalued.

Final credit approval is expected to be a significant positive share price catalyst."

Here’s hoping FG. I’ve been through about five years of reports, presentations and interviews. I understand why some long-term investors are frustrated…

I noted a few marked changes, making me think this time is actually different...

1. The recent hirings. COO etc. - This never happened before. It proves intent and confidence from the company. Harry has always kept personal and costs tight.

2. Regulatory changes have been completed.

3. Allied Gold coming into the country with $267M - I think this is a major point. It gives the banks the security that others are now coming into the country, and should the project fail, they can sell it on.

4. Majors are starting to come in.

5. Harry almost smiled in the last presentation.

As I said, I’m not holding my breath for timelines, but some marked changes have occurred.

The S.P. is in the pits by any metric, and I'm sure everyone has their idea of what this is worth after funding is secured.

Using some research, the greatest discount on NPV of a funded to develop mining company is around 62%. The mean is 27%. Which for myself, rightly or wrongly, sets a baseline estimate for what to expect for the market cap.

Grade quality was one of the most significant modifiers of this discount, and Kefi has very good grades.

This revaluation would allow them to trigger the warrants at 1.5p or 1.6p (Memory), for ~ £14m, which should set a baseline for S.P. and give the company options. Things would look significantly different.

The project is huge. It's just that no one believes the funding will get signed after so many false dawns.

First time i’ve decided to pick some up. I’m not holding my breath but of the ink does hit the paper in Dec or Q1 2024… then the reality will change here.

If not, give it another year.

The Saudi projects are gaining using pace now. Funding won't be a problem there.

Where do people see this going on sign off?

Superb Acker.

That was a Fab-ia post jonnypc. Keep it up.

Mid 2024 before any action?

Agree alligator. They need to pin down downs for the Cas-C drills.

Very non commital at the moment.

SlACKER, back to work, you’re losing CREDABILTY by the minute. Publicly emphasise your insider contacts more. Hilarious. Why do you sign off as a pimple(ACKER) after every post? Sounds greasy.

Martinigirl/Raaydaar - Where have you slipped off too. Remember the motto “More accounts, more PPM counts.” It’s all about those reps.

Jaglith. Less pies, more lies.

Jonnypc. You talk like an old Skoda advert . Make it fresh.

All of you. CHOP CHOP, the world is waiting to see your beautiful minds at work.

Good to see this starting to re rate.

Most people passing wind exceed that.

Was it a pay for promotion or in exchange of shares. Blizzare thing to highlight a money loosing investment in a minor cap.

He’ll already be down on his investment then.

Who’s going to tell him the truth about this company?

I imagine the only thing Helge is working on right now is the office Xmas party plans.

It's great to see this finding its feet again.

I’ve said this many times before:

The government fixed price, take-all contract is a recession-busting gift.

This is effectively an equity bond with a 27% FCF yield and scaled growth ahead for a long time to come.

Acker there’s a time and place for greasy adulation

Matinigirl/raaydaar - Less chit-chat.

Both of you - Back to work.

Comedy is all about timing Acker.