Oof, much vitriol today!There is a picture of communist gatherings and information spread on twitter for you fellas. |
Generally, if an aim junior miner gets a bigger miner on board as a strategic investor/partner, it's a half decent project. If they have no other mining company on board the project is likely a dog.Just imho dyor! |
If you have a pager turn it off. |
Actually it is another sticking point and these aim companies love to have points to stick on with delay delay delays. Why? So directors can keep taking unjustified (Imo) salary from these non revenue explorers whilst maintaining the rhetoric of "hopium" knowing that there are many who are keen to part with their hard earned on the whims of their fumes. You were one of them no?? When did you first invest? |
12% PA!!!! LOL By year four they will owe an extra 48millionDesperation! Again have these actually been concreted or finalised??! I think not..Again all rhetoric and folk fall for it time and time again. UNTIL such times as finance is ALL signed and completed and first smelt sold I am happy to retain my stance and hopefully continue to save the innocent lambs of flushing their hard earned straight down the toilet as has been the case here for ten years! (Unless trading periodically) |
Not exactly acting like a share that’s gonna go into orbit in the next week or two is it? Hope HAA isn’t polishing off that dog eared copy of infinite excuses again |
FYI. Equity notes involve selling ownership in the company Rob. I will very much doubt they would get away with 12% If so the financeers would need their head read! Again it's just typical ol.Arry boy rhetoric as we have heard time and time over. Ten years of it! Nothing ever gets signed sealed or delivered. Don't get too excited ;)Ps I believe TW's calls have been absolutely horrendous over the years. He charges a sub too doesn't he... |
 Avaitor
March
“A positive development is that recent regulatory changes have facilitated the improvement to the equity funding structure which has lowered overall finance costs. The regulatory changes of note were the foreign exchange exemptions, the increase in the maximum permissible ratio of debt to equity from 70:30 to 80:20 and the deeming as foreign direct investment the re-investment of the local currency (Ethiopian BIRR) retained earnings of multi-national corporations (“MNC”) into new business sectors.”
“Within the development capital budget of US$320 million, US$100 million was to be provided through the issuance of two types of Equity Risk Notes (“ERN”), one type for MNC’s with no operations in Ethiopia and another lower-cost ERN for those with accumulated retained earnings in Ethiopian operations. The Company is pleased to report that it can now focus on the lower-cost ERN – fixed at 12% per annum. These notes remain repayable in cash from operations or, as a fall-back, in KEFI equity (at KEFI’s election), convertible in year 4 (being year 2 of full production) at the then prevailing KEFI share price.”
“being year 2 of full production” higher gold price now and by the time the mine built means kefi would be able to pay back from mine revenue with no dilution even at a much lower gold price (which I think highly unlikely) they could just borrow the money against future production.
August
“Studies being undertaken to increase processing capacity by a minimum of
20% as we now look to incorporate the addition of underground mine
development, having already set the open pit mining rate at above the
nameplate capacity of the process plant. Studies suggest this increased
capacity can be achieved within existing capex and opex forecasts”
And
“local investors in Equity Risk Notes requested to formally resolve their level of
participation by the end of August 2024 so that other regional investors know
what is available for finalization by them in September” They are actually pushing to invest probably been a delay due to devaluation of the Birr affecting the numbers and kefi wanting to use the reduced capex launch the mine under the mine early.
The local investors will probably include international companies that find it hard to repatriate profits in Birr into dollars.
Snippit from the TW meeting "They are dotting the eyes and crossing the t’s, to the point that there are people currently putting together options for post-finance deals at subsidiary level which may or may not be required depending on local equity subscriptions."
"post-finance deals at subsidiary level which may or may not be required depending on local equity subscriptions." So might actually be some over spill from local Equity subscriptions that would be used for post TK deals.
Thanks for your question Avaitor going back over the detail even more confident that eventually kefi will get there with TK. |
And let's ask the realistic question about who will REALLY fund Kefi's obligation??!! Surely Adams stated PIs for a reason.... It isn't really something one can dodge so the real question for me under an "IF" it came to fruition... How many shares would realistically be in issue? This IS SO IMPORTANT to KNOW! |
Actually the junior miners have been doing v well. Just Kefi and the dross that never respond ;) It will take more than news to get this thing back on the road. It will take proof of finance in bank and drill bits turned. |
They owe us, we kicked Musolini out |
Webinar kefi July
Question 7:
The Ethiopian stock exchange will begin trading in a couple of months. How far down the line has Kefi Ethiopia got in preparing for a listing?
We are advanced and will spell out the specifics once finalised.
(gold mining)
(Saudi mining)
(gold)
(gold) |
(Saudi mining)
(copper/Ivanhoe)
(Saudi ipos) |
BREAKOUT
Today's movement over 0.618p last intraday high is a Breakout with lots of volume, so further rise to come. |
Or they are just guessing that it is all about to happen and are making purchases that are creating their own momentum. |
Hmmm...somebody (or maybe many bodies), knows something... |
Definitely feels like potentially premature FOMO. Still, even if there is slippage yet again, it does now feel like it is all going to happen in the not too distant future. |
allesandro
I agree with your thoughts on this,i would also add in the FOMO factor because once that second bank signs off we will never be anywhere near these lows again.In fact i can see 2.5p+ on that news alone.All imvho |
Royalles...in other words we are in a very "close period" to that key news now.It would not suprise me at all if the share price really motors along in the next few days.
Great time to top op or enter IMO |
25m volume so far today and 90%+ are buys,there are signs that KEFI is about to be put into play.We must be very close to that bank sign-off now IMO |
I think many of those who have been watching this from the sidelines are now starting to take a position at KEFI.The volume on the buy side today suggests this is about to take a swift upswing.
Second bank on a site visit and Harry in the region ? That would point to some very tasty news about to land IMO |
Very promising news mate |
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