 “to fund closing costs and final preparations for project launch at Tulu Kapi, with full project launch expected in early 2025.”
“Safaya Investment In Commercial Enterprises & Management Co. L.L.C”
“Participants in the Capital Raise include long-standing UK Shareholders along with new institutional and other investors from Europe and the Middle East.”
"KEFI is pleased to have secured this international funding package to underpin the launch of Major Works at the Tulu Kapi gold project which are expected to commence in early 2025. We have at the same time provided a mechanism for existing Shareholders to participate.
"We also expect this capital raise will facilitate the granting of additional long-targeted licences in Ethiopia, which we believe will be complementary to operations and the value proposition of Tulu Kapi."
So who are Safaya? Who are the new institutional investors? Where are the long-targeted linences in Ethiopia? Come on Harry if you are offering a deal to existing shareholders tell us what the situation is. |
LOL!
nice timing with the Demissie court case kicking off later this week |
Every time the share price approaches .7p there is a raise. I FOR ONE WONT BE PARTICIPATING - ENOUGH IS ENOUGH. And he worries that the market has not been kind to the share price - I wonder why? |
Shares like KEFI really are just a parody of themselves. There are far too many of them on AIM. Forget "pick your own". There is a lot to be said for just buying a slug of GPM and doing something else with all the time and money that will probably save you. |
Harry doesn’t change his spots unbelievable |
:D
Like there's anyone who's surprised by this
Harry to continue doing quite nicely thank you |
0.55, ouch |
Merry confetti Xmas everybody |
On topic - consolidation of miners continues: Northern Star is acquiring De Grey. |
"...only for Biden to ban the project in return for the Navajo and Apache votes in the swing state that had won him the previous US Presidential election"
Might there be an echo of this in Starmer's bowing to the activists' demands to refuse further exploration and development in UK territorial waters for oil and gas?
The Greta Thunderpants lobby cannot comprehend that it costs more in terms of emissions to import LPG in cooled and pressurised containers on specialised vessels from sources thousands of nautical miles from us. |
Not seeing any such risk - they will be hedged with either stock or CFDs. They stay ahead of the game. |
I'm sure this will be welcomed by Harry and all the deal makers.
hxxps://www.ena.et/web/eng/w/eng_5552576
www.ena.et/web/eng/w/eng_5552576 |
Ethiopia's mining sector attracts increased global and private investment | TV BRICS, 30.11.24
Ethiopia's mining industry is gaining significant momentum, with both domestic and international investors showing heightened interest, according to the Ministry of Mines. This is reported by ENA, a partner of TV BRICS.
Habtamu Tegegn, Ethiopia's Minister of Mines, noted that the mining sector is being strategically aligned to bolster its contribution to the national economy, with private-sector involvement and international partnerships at the forefront of its advancement.
The minister reiterated the government’s commitment to fostering sustainable growth in the sector, calling for collaborative ..... |
Example, they entertain the 100% 1m staked long as 50% of aim drops 50% or goes bust, when things shape positive they cut their risk exposure,
again my take |
What the spread co's mean is, when their clients are 100% long they foot the bill if 1m staked does 400% ie 4m, their usual profit source 'the spread' between buying and selling as in forex or Barclays doesn't exist until the Kefi stock finds some equilibrium of buyers sellers during re-rates,
So to negate being potentaily 4m out of pocket they need to be sure they can buy in apx 3-4m of stock to be level and then create the spread to work profit again,
Their 'risk' is can they get hold of 3m of stock when needed,
my take anyhow |
Mmmmm. But surely they hedge, hedge, hedge? |
Well if the bookie allowed us to buy more shares and we get good news this week they would have to pay out. Making them a loss |
I can't. You will have to ask them.
But it is what they told me! |
No. Explain how they would be "at risk", bearing in mind that they are bookies, not gamblers. |
ACT re 6800,
I think a better wording would have been "at risk". Does that explain it to you? |
Like I said it was a post by hubstar on LSE that I copied over |
"...so it adds weight to the market expectation that RNS is close. They know they would be caught out bigtime and more so in event of an intraday RNS."Explain how they would be "caught out". |
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