"I have a dream that one day Kefi (KEFI) will be taken over. Not so much as this will enrich me personally, in a modest way, but because I will no longer be swamped by emails from folks wetting their knickers at the slightest provocation. Today comes this gem:.." |
Yeah I remember "closes and hits" 3 years ago that's what I mean about him. |
Pending approvals from private investors and a consortium of African banks, Adams says construction at Tulu Kapi, about 360 km from Addis Ababa, will ramp up quickly once the cash flows.
“In principle, we’ve broken the back of the financing,” he said last month during the Gold Forum Americas in Colorado Springs. “We expect to close in the next two months completely.” |
I see Gold is $15 off the high 2 weeks ago,
them ducks cmiu |
So many have been rage-investing in this emotional rollercoaster for years. At this point, their therapists get paid in stock options. But hey, if they're all in the same sinking ship, at least you're going down with some class—and matching life vests! Ride this wave of frustration, hold the smarmy comments, and hope the universe takes the Kefi'ites to the ‘Top of the Pops’ instead of ‘Rock Bottom Revisited.’
ps hope that's not too smarmy |
We've all been there at some stage & got the T-shirt somwhere Douglas. The aim isn't easy.'Tis important to keep folk aware though especially newbies. I sincerely wish you every success. Let's see... |
Fair enough Goatie. I don't think they've helped themselves but hopefully that will change. Until then.... |
The early works programme with principal process design and construction contractor, Lycopodium Ltd, has commenced in June and the major works package has been agreed to commence from July.
4 June, 2021 |
I regard that as evidence - at about confidence level 7.
What "evidence" are you looking for - even photographs can be faked.
If one does not trust a word Directors say then one should certainly not be invested in a stock.
I trust Kefi; which is why I have a rather-too-large investment in them. |
Kefi make plenty of statements but as have said many times before need to see cold hard evidence. |
He said "evidence"!!!!! |
 66778899, your 2079
From Kefi website
"18 September 2024
KEFI Gold and Copper plc
("KEFI" or the "Company")
Tulu Kapi Operational Update
Early Works Progressing Well
KEFI (AIM: KEFI), the gold and copper exploration and development company focused on the
Arabian-Nubian Shield since 2008, is pleased to provide a short operational update
encompassing the recent activities with respect to the Company’s Tulu Kapi Gold Project
(“Tulu Kapi” or the “Project”;).
Early Works at Tulu Kapi are progressing well, as follows:
• Physical activities:
o Security: all required inspections have now been completed satisfactorily and
and no further inspections are required by any of the Tulu Kapi Project funding
syndicate members ahead of investment approval. This follows the
deployment of government agencies and private contractors. Independent
monitoring will continue throughout the life of the Project.
o Local Consultations: conducting a multitude of large and small group briefings
and consultations. These have been positively received by the local
stakeholders who continue to express their support for the launch of Major
Works.
o Community resettlement preparations: layout of a temporary construction
camp now involves the compensation of small subset of the land required for
the Project, which will assist the understanding and alignment of all
stakeholders.
• Financing activities:
o Government has indicated it is ready to provide all ratifications required for
detailed definitive documents to be finalised and executed.
o All co-lender requests to date have been satisfied and our focus is now on
optimising the equity capital segment of the financing, focusing especially on
the Equity Risk Notes investment by co-lenders and local investors.
Harry Anagnostaras-Adams, Executive Chairman of KEFI commented:
“We steadily work through the Early Works programme and preparing for the launch of Major
Works. We remain on track for entering into definitive commitments from the funding
syndicate next month, enabling financial close and triggering of the Major Works. We are
grateful for the support and collaboration being received from the community, government
agencies and our Project syndicate.
“And we are lucky that the gold price keeps setting new record highs and Ethiopia has now
re-joined the world’s top 10 growth countries.”
Enquiries
KEFI Gold and Copper plc
Harry Anagnostaras-Adams (Executive Chairman) +357 99457843
John Leach (Finance Director) +357 99208130
SP Angel Corporate Finance LLP (Nominated Adviser) +44 (0) 20 3470 0470
Jeff Keating, Adam Cowl
Tavira Securities Limited (Lead Broker) +44 (0) 20 7100 5100
Oliver Stansfield, Jonathan Evans
IFC Advisory Ltd (Financial PR and IR) +44 (0) 20 3934 6630
Tim Metcalfe, Florence Chandler
3PPB LLC (Institutional IR)
Patrick Chidley +1 (917) 991 7701
Paul Durham +1-203-940-2538"
If you are really in doubt there are lots of phone numbers you could ring and talk to. |
Trump is what we need and Reform. The world is ashambles |
Feel sorry for Trump if he gets in going to get blamed for everything that is wrong in the US and any honeymoon period likely to be short. |
4.50 minutes in notes tied to gold..gold linked bonds.
Commodity-backed bonds are debt securities where the price of an underlying commodity directly influences the coupon payments and/or principal.
Not only can commodity-backed bonds provide bondholders with a steady source of income, but they can also be a profitable vehicle for investors who speculate that the price of the commodity will rise.
Because investors have the potential to earn more if the commodity gains value, commodity-backed bonds typically pay lower coupon rates than regular bonds.
Plus and minuses can probably get a much lower interest rate but could end up paying more if the gold price goes up which I expect it to do but guess if the gold price goes up kefi will be flush anyway. |
LOL LOL ;) |
goatherd what proof do you have that early works have started |
Notes tied to Gold linked bonds, local investors with money “trapped” given special dispensation to invest in local currency to allow kefi to repay in dollars or gold down the track. Looking at all the choices to dual list kefi on a international exchange.
Broken the back of the financing expect to close within the next two months completely (this was from last months Gold Forum Americas in Colorado Springs)
the presentation at the same time |
*shudders*
Makes sense to me. |
If Kefi are not certain that the second bank will sign up then why have they started the "early works" programme. The programme does not use vast amounts of money, but it does use quite a bit, and the works would be useless if the full cash was not available.
Kefi say the delay is while they negotiate a larger loan (from both banks) which would render any more dilution unnecessary.
Makes sense to me. |
Apart from their ultra meticulous dd protocols i don't see or understand why this sign off saga would perpetually perpetuate knowing full well the bloody life body or company they are supposed to be sponsering has been and is hanging on by it's fkng fingertips despite carrying every other fking party on it's back to make this happen to the benefit of all, any further bs delay will be pointless havoc
Bit like a people smuggler riding across in a boat with his partners for 28 hrs and deciding to forfeit payment and successfull completion in Dover by sticking a fork in the dinghy 2 miles from land, why the fk would anyone sabotage your own life and golden fkg Gooooose |
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