Are you saying two banks have approved? Where's the dosh then kiddo? |
Launch: to begin something such as a plan or introduce something new such as a product,
Or maybe Launch a Gofund me, IQ enhancment therapy
Mind you unlike our 2 bank approvals any dd won't raise a penny |
The only thing I know that is launched is life boats !!So your answer to what early work Kefi are doing is "I don't care"Even i wasn't expecting such a truly unbelievable answer, bravo!! |
Could really do with selling a few in February hope it's all out by then????? |
They launched the Titanic but.... |
From poster Nigelwilliams on the LSE board: |
What does 'project has been launched' actually mean in reality?What are these 'early works' all about? What kind of 'work' is taking place?I don't expect someone who continually writes utter shyte and calls themselves fart conductor to give an honest and coherent answer, but it's worth a try I suppose! |
Will they raise funds in November or December? |
In this business we call it confirmation ;) |
2 funding banks have approved
Project has been launched
Gov are involved
Gold is record high
What sort of heads up are people looking for nowdays |
When money in am all in! |
Why don’t you enlighten us JJ… |
Hype over? Reality hit? |
Raising on sentiment is sometimes a par on aim, if that's all you have,
The Events Here and Now are landmark, not a triviality reduced to a fleeting high in sentiment,
Any need for bluff has run it's course and there's no need, the banks won't have it, nor gov, or investors, the approvals are done |
Also, I don’t think that funding approval for the TK mine project construction can be linked too closely with KEFI management’s need to finance themselves for administration purposes.
Would I be right in assuming that until they’re receiving revenue from the producing mine, they will still need to raise funds occasionally for KEFI administration costs? |
They’ve done “2 bob raises” on the back of improving sentiment and a rising share price several times in the past. It’s one of the few things they’re actually pretty good at. Don’t think they give too much of a toss about the immediate consequences, as long as their over-generous recompense can be met.
They can’t have too much left in the kitty for their salaries/expenses. Would surprise me if they weren’t already working on their next cash grab as we type. |
Judging by the reaction to bank approvals, Kefi still occupying it's position similar to a cartoon story, or fantasy football product,
embuing the rns's, gov, nomad with the same cartoon status, |
Looking at how much Allied is paying for the lecy maybe they can start supplying the UK Jeez |
(Ethiopian mining)
(Ethiopian mining)
Kurmuk Progress: During the quarter, Allied continued the advancement of the Kurmuk Gold Project, progressing earthworks, camp construction, and supply chain activities according to schedule, including key agreements aimed at securing cost-effective operations. A signed 20-year Power Purchase Agreement with Ethiopian Electric Power ensures sustainable energy for Kurmuk at a fixed rate of US$0.04 ;per kWh… |
 KEFI Gold and Copper PLC, a UK-listed exploration company, has offered Ethiopian investors a 30 million US dollar investment opportunity in its Tulu Kapi Gold Mines SC project.
“By having offered the last 6% of the $500 million, or $30 million, to Ethiopian investors, we’re striving to align with the country’s vision for economic inclusivity and strengthen our relationship with Ethiopian stakeholders,” its Executive Chairman Harry Anagnostaras-Adams said on Tuesday.
The offer comes on the same day the exploration company announced a pivotal investment milestone for the Gold Mines project.
Of the original $500 million required to finance Tulu Kapi’s development, KEFI and its consortium of international banks, contractors, and investors have collectively conditionally approved $470 million.
This follows a recent increase in proposed funding contribution from international banks to $240 million, up from $190 million, per KEFI’s report.
Ethiopian governmental entities, including the Federal Government, and the Oromia Regional State have already committed $20 million in the project as part of the assembled $470 million.
On Tuesday, KEFI said it has now invited local qualified investors to participate in the project’s remaining $30 million in accordance with the current capital market rules and regulations of Ethiopia.
“Formal expressions of interest have already been received and we now move to wrap up in accordance with Ethiopian regulations and practice,” the Executive Chairman said. |
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