Will the issue of these Equity Risk Notes have any affect on the share price? |
There's going to be one almighty placing..
As at 30 June 2024, KEFI owed ARTAR an amount of £ 5,070,000 (2023: £1,776,000).
£2,976k short term loans... of that £1,304k is just interest
this need to be paid off by end of year.
as of june end, they had just £980k cash |
You have to wonder why the 2nd bank is dragging it's heels? Is there a plan B in the event of the 2nd bank pulling out or offering less than is needed? |
Rob, I stopped reading when it said " not sure how happy people will be". Are you kidding me? |
Funding to be signed by:-
October 2020
No before Christmas 2020
PLACING
A few more weeks,
NOTHING will stop it happening by 31st March 2021
No June 2021
No July 2021
October 2021
Q4 2021
Christmas 2021
PLACING
Anytime between Feb -May 2022
PLACING
full funding by June 2022
October 2022 construction will start
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
End of the year
Some time in 2024
No it's H1 2024
PLACING
No Mid 2024
No October 2024
More Shares Issued
No Q4 2024
Do you get it yet!!! |
Like this bit alot.... the co lender's credit approval which now includes a discussion in respect increasing the financing amounts on offer; |
Other site up and running now! |
Defo down - has been for most of night! |
Is it me or is other site down |
"the next steps are to finalise second bank credit approval, sign the definitive detailed financing agreements, drawdown the equity funding and then launch Major Works - all targeted within Q4-2024."
If one thing in life is certain, other than death and taxes, it is that those four things will not all happen within Q4. |
(Ethiopia general)
(gold)
(Ethiopai general)
(gold M & A) |
I suppose we will get told that because the 2nd bank only has meetings every quarter then we must wait another 3 months before we can have an outcome. While we wait there might be a security issue and we will have to address that before they can reconsider.
Meanwhile we are running out of cash for xmas bonuses so lets have another placing to jolly things along.
See you all in the New Year |
Many of these “nomad-approved” missives have been so full of vague references to various matters, using “water-muddying” ambiguous language, as to render them pretty meaningless and which the Nomad could duck and dive behind if ever seriously questioned on the authenticity of any such RNS.
Meanwhile, we have one and a bit trading days left in Q3. Are the usual cheerleaders really going to let this sorry saga trundle on into 2025 with no TK funding completion, without seriously questioning this management’s ability to ever deliver it? Although I expect there will be a few “nomad-approved” RNS missives to keep them happy between now and then. |
Oh who remembers the RNS (that the nomads approved) when Harry said construction to provide electricity to the site has begun. Many many years later and still no sign of this. |
"Q: Have both banks confirmed that no more site visits are required for their credit committee approvals?
A: Yes. They sent their inspectors and are happy for the purpose of credit approval, already granted by one of them."
Main thing is the bank but it was already my read that that was the situation. Think it will be easier to sort things with Artar post TK launch not as if there is lack of money in Saudi and now getting more interest in mining projects generally.
As for working out level of compensation better to get it sorted as early as possible even if it turns out it is paid out in tranches as people are moved from different areas at different times. |
 From kefi website Q @ A.
Various questions regarding Tulu Kapi and GMCO
Q: Please explain who the people are in the community meeting photo that KEFI recently posted on X. Where are they, who hosted them, the agenda and further details?
A: Our community liaison team comprises 25 people and our Country Director is Abera Mamo. They meet with community and local government agencies regularly. As a policy, we refrain from giving details of meeting attendees without their explicit permission and we generally consider it unnecessary risk to their privacy to do so.
Q: Have both banks confirmed that no more site visits are required for their credit committee approvals?
A: Yes. They sent their inspectors and are happy for the purpose of credit approval, already granted by one of them.
Q: Please explain why the compensation calculations in respect of the temporary construction camp set a useful precedent?
A: Simply that it is a small read and the relatively small area allows the precedents to be set for amounts payable per eligible item. This assists greatly in confirming our overall budget.
Q: Has KEFI caught up with its GMCO contributions or is there a risk of dilution by ARTAR?
A: No. there remains the risk of dilution. |
Goatherd
I think you should sit down for a few hours and read through the history of some of the aim companies you may just be surprised at the lies nomads let be published
But there again perhaps not |
"in my humble opinion" hilarious. |
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