AFC still not ratified to lend in Ethiopia, the reason why has not been given to us. It's shocking governance. |
A while back the banks actually did not make a last planned visit as they thought there was no need so the statement was reasonable when it was made. So would think it is connected to the fact that the banks plan to loan more money so have to refresh everything and the time that has elapsed more than anything else. |
Uh uh Share consolidation mentioned. 17 to 1 or would he go for 170 to 1 this time round? Gives greater leeway to issue more confetti without compunction, not that it's stopped him in the past. |
this back in Septmber:
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. |
Harry please answer the following questions….
1. On what date will all the definite documents be signed off by all relevant funding parties?
2. On what date will the 240 mil be transferred into Kefi’s bank account? If funding will be released in smaller lump sums please supply dates for each transaction?
No more Grey areas No more implied statements that never materialise |
Surely you can agree Rob that those responses are nothing short of disgraceful |
Not the same reporter Dud or the same subject.
Edit its a fact that foreign investment is going into the mining sector in Ethiopia the credit rating has improved and it will be opening a stock exchange soon. |
Beg pardon, 20 & 21 copied in reverse order due to thumbs! |
rob, International investors, dream on. Just check the sell column!
The Report reads:-
The EHRC condemns unlawful detention of minors, extortion in Oromia.
By Sisay Sahlu. 7 Dec 2024. Ref Police and Military.
Investigations have uncovered widespread illegal recruitment and associated extortion
in cities like Adama, Bishoftu, Jimma and Shashmenene.
Children as young as 11 were forcibly detained for the purpose of mobilisation for regional military forces.
Families were pressured to pay 20-100k Birr to secure release of their children.
Banks are under the cosh.
What more does one wish for, an 11yr old guarding the mine?
0.6 call: 0.55 call, all the way from 16p?
Who's having a giraffe? |
Fyi,
Sisay Sahlu is a well respected journalist, the IGAD Media Award Winner 2023.
A former school teacher now award winning journalist.
I wonder if Harry or TW can argue with her reports, apparently the Oromia authorities
have confirmed!
Now which majors would wish to touch kefi? Get rid more likely.
cheers |
Fyi,
Sisay Sahlu is a well respected journalist, the IGAD Media Award Winner 2023.
A former school teacher now award winning journalist.
I wonder if Harry or TW can argue with her reports, apparently the Oromia authorities
have confirmed!
Now which majors would wish to touch kefi? Get rid more likely.
cheers |
rob, International investors, dream on. Just check the sell column!
The Report reads:-
The EHRC condemns unlawful detention of minors, extortion in Oromia.
By Sisay Sahlu. 7 Dec 2024. Ref Police and Military.
Investigations have uncovered widespread illegal recruitment and associated extortion
in cities like Adama, Bishoftu, Jimma and Shashmenene.
Children as young as 11 were forcibly detained for the purpose of mobilisation for regional military forces.
Families were pressured to pay 20-100k Birr to secure release of their children.
Banks are under the cosh.
What more does one wish for, an 11yr old guarding the mine?
0.6 call: 0.55 call, all the way from 16p?
Who's having a giraffe? |
The reporter paper notice they have not had anything to substantiate their main accusations maybe that's "Usual conjecture without substance."
The placing was so quick doubt many even had time to make a decision probably those that did knew that the shareprice would go down to or under the placing price but thought at least the money would go to the company.
What i would like to know is who are the international investors that are dipping their toes in. |
Usual conjecture without substance.
Even the GMCO remaining 15% will end in £nil payment.
Rob, did you take part in 0.55p placing?
More fool those that did.
They can always blame TW for advising hold at 0.6p I suppose.
I note no action apart from bluster re The Reporter report? |
Just realised that what with the GM in January to push through another billion shares, there's no way in hell that the finance will come in this year. Lets face it if it did which shareholders would vote for another billion shares at .55p.
Anyway I'll send my congratulations to Arry for somehow stringing you all along for another 12 months. The year started with such optimism with boots on the ground lol or so he told you.
Why couldn't Arry be like the other fat Aussie gold hunters you see on Quest, where they recover gold with a single tractor and one digger. |
Well was hoping the last one would not happen. Kefi should get money for Saudi prospects and exiting Saudi once that's done should not have any costs from there. So then it just Ethiopia and a listing and projects being funded at project and subsidiary level.
Post TK full launch kefi should be able to do some kind of deal like Allied gold did with Wheaton.
Probably not going to have such a high percentage of ownership of new projects in Ethiopia as TK but if no new money has to come from UK shareholders... |
LSE has always been a crank's paradise, but the comment below really takes the biscuit. I think even goaty would avoid that board for being a bit too rampy.
"I think most people would agree that (baring a major acquisition) we have seen the last ever KEFI placement!" |
7x7 = 497 is the death number. |
 Addis Ababa December 10/2024 (ENA)—Prime Minister Abiy Ahmed revealed that Ethiopia’s gold mining industry stands out as a significant driver of growth, presenting immense potential for both local and international investment.
“Ethiopia is one of the fastest-growing economies in Africa and a beacon of opportunity on the continent. Among its many thriving sectors, the gold mining industry stands out as a significant driver of growth, presenting immense potential for both local and international investment,” the premier wrote on X.
Ethiopia has been seeing an increasing rate of mining activity. In November, President Abiy Ahmed said he expects the country to generate US$2 billion from gold revenue alone this year for the first time.
He recently inaugurated a large-scale gold processing facility held by the Akobo Minerals AB (publ) (FRA: 643) subsidiary ETNO Mining.
in recent years, the nation’s government has made significant strides to curb illicit activity while providing incentives for regulated projects.
These include duty-free equipment imports, tax breaks, and a low government free equity share requirement of 5 per cent. Other African countries like Guinea, Senegal and Mali require a higher percentage, thereby generating more profit from the activities of mining companies.
Ethiopia also produces significant quantities of lithium, iron ore, tantalum, platinum, copper, nickel, manganese, coal and rare earths. Mining is the nation’s fastest-growing economic sector. |
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