Kefi Gold And Copper Share Discussion Threads

[scotty1] 25/11/2019 09:18

Adamad,11 posts in 1 year 9 of them no longer exist, says it all.

[adamad] 25/11/2019 09:14

more delay and dilution is coming

[robjm66] 25/11/2019 09:08

hxxps://www.kefi-minerals.com/files/presentations/kefi-corporate-presentation-25nov19.pdf

[robjm66] 25/11/2019 09:05

The equity subscription into TKGM is in the process of being carried out, comprising several steps which take some weeks to complete under local laws and procedures.

The planned total investments into TKGM are unchanged, but the details have been refined as follows:

· The Ethiopian Government investment remains at US$20 million (Ethiopian Birr-equivalent) and the Government is now at liberty to allocate its holdings between wholly-owned Government entities, as appropriate, to reinforce social licence; and

· ANS Mining's investment remains at US$38 million (Ethiopian Birr-equivalent). The initial investment has been increased from US$11.4 million to US$15.2 million, being US$9.5 million upon short term closing and US$5.7 million in due course.

Everyone happy to put the money in even an increased amount and plans announced at mining event just another delay which is par for the course for kefi. Trouble with dealing with a consortium is you have to deal with all parts of it so things take longer. Mind you what you are losing in time is being made up in the extra money going in.

[divmad] 25/11/2019 09:03

By secured, obviously I mean agreed as to which plan going forward.

[divmad] 25/11/2019 09:02

Does this mean that ANS would be wise not to hand over their first cash payment until the future long term funding arrangement is secured? That could mean months more needed before construction starts.

[scrappycat] 25/11/2019 09:01

Apologies, I stated that from memory. In that case though, nothing has changed still applies.

[taxlosstone] 25/11/2019 08:59

Can you remember how joyous most of us were when we thought that we had escaped the clutches of the licensed bandits who were supplying us with short term working capital? Are we now to expect a resumption, do you think?

[the charmer] 25/11/2019 08:58

'The emergence of this alternative funding reflects the improved outlook for Ethiopia and of the Project in light of progress on the ground. The two proposals (bond-based and bank-based) have their own relative merits. Whilst the implementation timetables of the two are similar, the differences between the proposals are in respect of: (a) the implementation steps; (b) the quantum and profile of net cash flow after capital-servicing; and (c) the flexibility to prepay or refinance in the future once in production. The preferred route will be chosen shortly.'

[topicel] 25/11/2019 08:58

Jaylett, this is par for the course and not unexpected. Harry is only able to get so much blood from this Ethiopian stone in one go!

The timeline is the same as you, as a LTH, should know there is a built in fast-track aspect to the build - admitedly once it gets started - that will shave up to six months of the project timescale.

Clever engineering and such from Lyco, goodness knows, but it is in the plan if I recall correctly.

Topicel

[jaylett] 25/11/2019 08:52

"We were not expecting actual gold production until 2021, and nothing has changed."

Production has been delayed (again) until 2022, per the RNS (24 months from January). Why are you mis-stating clear and obvious facts? Does no one any favours.

[scars] 25/11/2019 08:50

Would not be surprised to see this bounce back today though! Lots of games going on!

[tidy 2] 25/11/2019 08:49

Probably trade in the 1.40-1.90 range which was suspected.

[scars] 25/11/2019 08:49

Except production is now more likely to be 2022, what's a few months between friends!

[andysand] 25/11/2019 08:38

It can be traded; with care. The story has now changed from a few days ago. Hold if you have a comfortable amount or sell what you need to for restful sleep. It still looks very good but there is a month now to take stock and consider. I doubt the share price will go anywhere until mid December.

[scrappycat] 25/11/2019 08:35

Finally, we have official confirmation that the development of the mine WILL start. In other words, our money is safe. We were not expecting actual gold production until 2021, and nothing has changed. The LTHs will be rewarded for their persistence.

[jaylett] 25/11/2019 08:32

Lots of flowery language, but still no actual local money handed over. This is incredibly frustrating. ANS are now directly delaying the start of the build and therefore my return on investment.

-- The equity subscription into TKGM is in the process of being carried out, comprising several steps which take some weeks to complete under local laws and procedures.

[scars] 25/11/2019 08:24

I am still thinking the next step up will be the next set of core result from H. Can't be long away. TK will happen now it is just when.

[scotty1] 25/11/2019 08:24

From over the road

Has launched the Company's Tulu Kapi Gold ProjectToday 08:20


Its all in the RNS IE "is pleased to announce that" "has launched the Company's Tulu Kapi Gold Project"

Or am I seeing things ?

KEFI (AIM: KEFI), the gold exploration and development company with projects in the Federal Democratic Republic of Ethiopia and the Kingdom of Saudi Arabia, is pleased to announce that KEFI subsidiary Tulu Kapi Gold Mines Share Company ("TKGM") has launched the Company's Tulu Kapi Gold Project (the "Project") with its Ethiopian private and public sector partners, at the Second International Ethiopian Mining Conference and Exhibition, currently being held in Addis Ababa

[tidy 2] 25/11/2019 08:18

Development stage go ahead.