What we are waiting for is the bank sign off (we absolutely know that it is coming as otherwise we could not have started the "early works" programme, which, while not as expensive as the full programme, does demand substantial expenditure.
The actual decision to sign is the bank's, and only the banks. So Harry has very little influence on when it comes. (If he did have such influence, then it would have been signed already).
That is why he CANNOT commit to a date. He can hope for a date, but cannot commit to it. |
Yes, Harry did say that.
But in absolutely no way was it a "deadline" to be "missed". It was an aspiration which he hoped to achieve.
It does no one (except the shorters) any good to talk about "missed deadlines" when they really were not. |
Come on HA next couple of days to confirm 2nd bank sign off pleeeease! |
no worries |
Goatherd,
Been answered for me ! :-) |
Whoa, who put the price up!?? |
goatherd
HA has implied it would be October as others have clarified. Please dont get me wrong I am all in Kefi up to my neck in fact, and only want the 2nd Banks sin off asap like most. |
I think he did (e.g. AGM Statement):"The Early Works programme is designed to take Tulu Kapi through to September 2024, and provide the basis for full close of the US$320 million project finance package and commencement of Major Works in October 2024" |
gisjob2,
Please will you post where HA set the end of October as a deadline?
Because I don't think he did. |
Who would that be then ? |
Someone seems pretty sure it's gonna happen this week fingers crossed |
"Since 2014, AFC has invested over US$1billion in Africa’s mining of precious metals and critical minerals across several countries, and the latest partnerships will further strengthen the sector by driving significant capital flow into the continent." |
"Taiwo Adeniji is currently Senior Director, Investment Operations & Execution at the Africa Finance Corporation (AFC), a multilateral specialist infrastructure financing institution headquartered in Lagos, Nigeria, where he has responsibility, among others, for the institution’s investments in oil & gas, and mining projects.
Taiwo has had over 26 years of post-graduate and extensive professional and managerial experience in several areas of banking and finance. He has deep knowledge and extensive experience with infrastructure and mining policy issues, as well as the analysis, evaluation and financing of infrastructure and mining projects. Taiwo has supervised AFC’s investments in mining projects that spanned different products, including gold, copper, bauxite, and iron ore," |
HA of course. I'm just glad I only invested about 1 year ago. With all the promises is seems so much longer. Long term holders deserve a medal for sticking with KEFI. |
And who set that "deadline"? |
Yet another deadline passes, let's hope good news is this month. |
Ethiopia only joined AFC Apr 23.
Although AFC claim to support mining plus other projects in their manifesto, I could not find any
investments in any projects within Ethiopia?
AFC tightly held, major Nigerian bank.
rob? |
(Ethiopia mining)
(East africa) |
Sooner the better for me. |
Frankly, with the markets not knowing whether to surge or to crash because of what is going on over the other side of the pond, today and the next couple of days might not be best for making the announcement that some of us have been waiting for more than a decade to see. |
Thanks philby1 |
Magna is lying. I listened to the Bearcast yesterday and Tom says he's very confident it will happen but he certainly didn't say funding was definitely secured. If he knew that it would make him an insider to price sensitive information so he wouldn't be able to say anything anyway. Don't take anything Magna says as gospel, he just tries to cause trouble. |
Let's hope he isn't and RNS tomorrow with the news that financing has been approved . |
Rob thanks I have been reading Magnas posts as well…..! |
Magna says "Tom says funding is secured and the works can proceed to timescales." However he (Magna) is not exactly a reliable source on the other hand may TW might have said that and Magna decided to highlight it to get up TWs nose and jump on TW if timescales slip.
I topped up last week with some down the back of the sofa money anyway as think a update is likely this week. Hopefully Monday or Tuesday so we do not have days of are we there yet. |
Register for real-time alerts, custom portfolio, and market movers
Hot Features
Premium
