Who was the idiot who said gold was going down to $1,300 (I think it was)?
Mark you, even if it did, Kefi would make a profit. |
Thanks, marnewton - time that Bailey got his act together although there might be some action going on behind the scenes - as London is a gold centre, ownership of gold moving into the UK will be less visible. |
(uk/Ethiopia)
(Saudi mining guess the AI revolution is not quite there yet)
(East Africa)
(Saudi mining) |
Highley1, because all the idiot investors here are suffering from Stockholm syndrome. |
It never ceases to amaze me how people remain loyal here after so many years.
This, VAST, and Red Rock Resources really are the best examples of being able to fool some of the people some of the time.
How anyone still believes in any of these companies is beyond my comprehension.
Good luck to you guys, but why not diversify into some mining companies with a decent pedigree? There are many that are creating wealth for their shareholders as the gold price rises, why get stuck here? |
Chopper, there is NO excuse NOW none, if there is no finality in the next 1-2 weeks, |
You too fisherman. :-) |
Indeed, see 28959 for reference. |
Fart Conductor (28958)……;..there is every chance that you could be posting something very similar this time next year. |
Barry, BOL to your BOL!(Whatever that means! lol) |
(General)
(gold)
(Saudi mining)
(Saudi/Gold) |
The funding has been agreed in principle, and all conditions met weeks months ago,
Any day now, we would know already otherwise |
During this time, Ethiopia has introduced national pro-development reforms, positioning the
country once again among the top 10 globally for growth, a status it held for nearly two decades.
Recent reforms in Ethiopia include the floating of the currency, the launch of the first IPO on the new Ethiopian Stock Exchange, the opening of the local financial sector to foreign investment, the rescheduling of international debt, and the implementation of a significant IMF financial support package.
• preparing for possible additional stock exchange listing of KEFI or regional listing of the Ethiopian subsidiary, to follow the launch of Major Works at Tulu Kapi. |
July 27, 2024
Kefi response at the time.
Q41: The media story in Ethiopian Reporter on 27 July 2024 was worrying,
suggesting that our licence is being threatened by the Minister who was
previously dismissed or his successor. Please explain why we should not be
concerned.
We issued an RNS today 29 July which is obviously factual. And it is obvious the
media report you refer to was not based on fact.
....
Its old "news" that has already been discredited months ago. A bit like the sources for the "news". |
Taken from the above article. That's news to me that Kefi have deposited half a billion dollars in an offshore account.
“KEFI could not meet the USD 80 million in requisite financing. The investors have been negotiating with the Ethiopian government to allow the cumulative expenses to be considered as equity. But the government refused. KEFI’s managers claim they deposited half a billion dollars in an offshore account, meanwhile, they say they are still mobilizing resources. KEFI has been saying it has received loans from foreign banks, but they have yet to be disbursed,” said an official at the Ministry of Mines who spoke to The Reporter anonymously. |
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