Date | Subject | Author | Discuss |
---|
20/6/2025 17:27:34 | Going to get done because everyone is pushing to get this done even pressing the company and harry to go faster. Personally going to use this time to top up if I can find some pennies. Next news to drop could be the confirmation from the bank of new capex which should settle some nerves. Sometime you got to ignore the delivery of a message (and the noise) and concentrate and the message instead. |  robjm66 | |
20/6/2025 17:20:08 | Questions
1.How independent directors are (remuneration)? they are independent.
2.CEO transition lack of board representation? succession after TK production start stability needed for investment as we move to production company will be overhauled.
3.Jusify renumeration?….Harry humbled. Apologize for explanation… essence pivoting to good times so board offered recognition of previous twelve years. Not excessive for what we do. Billion dollars of opex…
4.Do you plan to list parent or?.. only Ethiopian holding company not the parent company maybe next year..
5.Legal case? Nobody feared that claim but we had to deal with it kefi came though the fire of that and other things.
6.Missing data in presentations? Investor returns up until now people needed to see things coming together but we will change this now we are nearer the full launch.
7.Two banks full commitment before Ethio bonds? They need to see whole package is financed before agreeing.
8.Final steps TK drawdown? info in presentation.. everyone sign off august drawdown September.
9.Divends? Agree with the philosophy but post TK launch..would like to give them out as a thank you after TK built.
10.Rainy season? None event really for scheduling
11.Epc moblising ..Gan chart.. summary presentation. Contracts signed first but they are getting ready.
12.Certificatoins? Has to be independent no one trying to be slow.
13.Hold up second bank? Board approval both banks but second bank waited for AFC approval no problem being done.
14.Stakeholders meeting timetable agreed yes.
15.Peter one percent.. Ethio prefs commitments? Ethio not firm yet soft but 15 institutions and high net worth individuals interested..diversify out of the beirr well received. Ethiopian institutions behind it could be between 15 to 30 million dollars.
16.Future of funding business? Dilemma kefi has survived …project ready to rock the rest will look after itself..as soon as people see some announcements' real game is to get on with it answer will be in the results.
17.Ashley Warden istitoinal investors adding value? They are ready to hold company to account but they are looking long term. Inflection point investing. shareholders have been fantastic to carry things through…
Closing comments I am criticised for being transparent but i am trying to be straight up. |  robjm66 | |
20/6/2025 17:06:41 | Start Harry Thanks for peoples attendance in London. Webinar Timed to be between annual report and AGM meeting.
Presentation this morning will Skip through presentation. 5000 shareholders, nuances of what is going on behind the scenes.. year ago started to pivot to execution..this is happening sort of feeling.
Slide 3 Harry admits to being "aspirational rather than factual” sometimes but now getting into signed contracts stage contractual. After parliaments approval (was promised Christmas but came through in may now into contract closing all planning closing. Plant Doc into July now most everything else docs done down everyone pushing.
Slide 4 shareholder frustration billon dollars of contracts once people sign they are on the hook. Activities things being prepared for launch.
Slide 5 shareholders moaning about 5 million dollars only one and a half percent of budget. Project being realised at project level.
Slide 6 closing process Harry talke to everyone to make sure nothing is being missed everyone is pushing so hard tension when in the home stretch its happening just have to close and that what we are doing. First class structure. There is excitement.. community just wants it done politics driven to get this done politicians pushing to get this done.
Slide 7 New holding company so we can list down there for local investors to invest. Local stakeholders including government. Saudi flexibility.
Slide 8 What next after construction pipeline of things first thing underground route
Slide 9 Saudi pipeline.. some choices emerging need to work them out partner does not understand kefi selling out when they could fund from JQ he is bemused.
Slide 10 multiples of upside pipelines huge.
Slide 11 board seasoned people Harry barely seen family for years. |  robjm66 | |
20/6/2025 16:33:03 | Very small ones |  robjm66 | |
20/6/2025 16:18:33 | can you hear violins in the distance? |  sleveen | |
20/6/2025 10:08:07 | HAA has said before that Lycopodium's pricing only holds for about 30 days so it cannot be finalised until the other fairies have finished dancing around.
HAA is indicating that Kefi will retain its interest in GMCo if (unsaid) Kefi is re-rated after signing and the $5m required for JQ launch can be raised cheaply - if Kefi's share price manages to climb to 3p, there would be less than 1.5% dilution. Hawiah stage 1 will follow - he has not priced Kefi's contribution to that but the TK project will be further de-risked when that needs to be funded. Then, the indication is that GMCo will become self-funded for exploration activity from about 2027 when JQ Stage 1 production starts to come on stream.
Kefi is not managing the resettlement - it has to rely upon the local state government. |  estseon | |
20/6/2025 09:23:32 | I note that mr market has taken a view on the latest slippage. |  monte1 | |
20/6/2025 08:55:44 | Yet more delays as Harry's salary nearly tops the 1 million mark!!!! Will the Ethiopians ever open their wallets??? |  pjj71 | |
20/6/2025 08:51:35 | "SIGNING DEFINITIVE DOCUMENTATION - target sign August"
They are having your pants down. How can anyone still swallow this rubbish? |  jaylett | |
20/6/2025 08:49:32 | Rather quickly thought up poster name,too. |  hazl | |
20/6/2025 08:47:55 | First post on ADVFN? |  robjm66 | |
20/6/2025 08:45:22 | Harry must be learning from another fat Assuie fraudster David Lenigas. Where all his ventures turn to dust with billions and billions of shares in issue. |  katsy | |
20/6/2025 08:35:58 | Where's all the suiters lining up to pay $50-$100m for SA assets. lol
Harry playing you all like a fiddle. |  katsy | |
20/6/2025 08:32:53 | Funding to be signed by:- October 2020 No before Christmas 2020 PLACING No a few more weeks, NOTHING will stop it happening by 31st March 2021 No June 2021 No July 2021 No October 2021 No Q4 2021 No Christmas 2021 PLACING No Anytime between Feb -May 2022 PLACING No full funding by June 2022 October 2022 construction will start No Mid November financial plan 2022 No now it's December 2022 No a month or so (may 23) PLACING No A few more months Q4 2023 No end of the year No some time in 2024 No it's H1 2024 PLACING No Mid 2024 No October 2024 More Shares Issued No Q4 2024 PLACING No early 2025 More shares issued No it will close in Q1 2025 No it will close end of Q1 No it will close in Q2 PLACING No it will close in Aug 2025
One day you guys will get it. Have you topped up yet! lol |  katsy | |
20/6/2025 08:07:40 | Lifestyle company, further timelines put back, can kicking to next fund raise again, uninvestable. All in my opinion of course. |  calculator12345 | |
19/6/2025 12:52:02 | TW has a habit of falling out with EVERYBODY...eventually!¬0
M |  marnewton | |
19/6/2025 11:13:35 | Doubt TW will let it drop he has kept campaigns going for years against people who have crossed the line hence the whole "sheriff of aim" stick.
People will be placated for a while post TK launch and any good news on Saudi higher share price but Harry has started the clock ticking on his departure really.
Still expect it to multi bag from here even with Harry at the helm but that's down to disparity to underlying value vs SP, good Geo team, mining and gold coming back into favour, both Saudi and Ethiopia being pro mining.. |  robjm66 | |
19/6/2025 10:12:08 | estseon,
I agree, in my opinion the signing will not happen before the AGM, hence the reason for the podcast before it.
They will just tell people what they want to hear, knowing that when the agreement is finally signed people will drop demands for directors to step down and forget about the bonuses.
It's akin to the government announcing an enquiry into a scandal, which takes the heat out of the situation, then the noise dies down, and the world moves on. |  highley1 | |
19/6/2025 10:00:38 | The AGM will go more smoothly if the signing of the funding agreements has finally been executed prior to the meeting. Soft talk will not placate shareholders.
There may be further tying down of the variables to report: for instance, Kefi's equity participation in TKGM has not been pinned down to a precise figure.
There is further news on JQ pending - I believe he has said that further information will be released after approval of the Board of GMCo.
TW has made his point and few would disagree. However, it is the launch of this project after execution of all of the funding agreements that will have greatest consequences to shareholders and focus on the troughing can wait to another day in the future. |  estseon | |
18/6/2025 15:22:09 | Hey blue again...jolly good. |  hazl | |