Kefi Gold And Copper Share Discussion Threads

[robjm66] 27/4/2021 07:34

Seems inline with what we already know except the Ethiopian groups have money, term sheets have been signed by senior lenders, offtakers one of the big international companies so waiting on local investors and one big company.

Well-capitalised local investors have emerged, looking to re-invest in Ethiopia alongside Government and KEFI;
• KEFI has improved the project finance plan to increase planned beneficial interest from 45% to c. 75%;
• We have preserved schedule to start full production at TKGM H1-2023 at 140Koz pa and later lift to 190Koz pa;

May 2021:
Anticipated approvals by syndicate of the c. $300M project financing of TKGM:
» Mining contractor c. $70M finalise contract (submission received);
» Senior Lenders c. $140M formally approve loan details (terms sheet already signed);
» Equity-risk capital:
• $20-30M: Local equity into Tulu Kapi Gold Mines SC (TKGM) ie project company level:
• $20M: Government, for off-site infrastructure (binding contract already executed);
• $0-10M: Local Private (invited March, now need to commit if wish to participate);
• KEFI Group c. $80M:
• $15-30M: Offtake-linked subordinated into KEFI (terms sheet signed);
• $10-30M: Subordinated convertible finance into KEFI Ethiopia (from local investors owned; by strong international companies keen to support Ethiopia with their local profits. One has signed terms sheet. Others invited March and need to commit if wish to participate);
• Remaining balance to be finalised, and then sourcing and allocations to be optimised.

June 2021
Regulatory confirmations required from Government and from KEFI shareholders at AGM;

Trigger Tulu Kapi full development of open pit, (gold-silver);

[alrotuwa] 27/4/2021 07:27

Hahaha... it's also a next month and not next quarter / half... the timescales are no longer far reaching... brace for moon impact!

[goatherd] 27/4/2021 07:21

Interestingly this is NOT a RNS. It is a "NRN".

[robjm66] 27/4/2021 07:17

hxxps://www.kefi-minerals.com/files/presentations/kefi-corporate-pres-27april_2021.pdf

[alrotuwa] 27/4/2021 07:17

Slide 6 of the corporate presentation - most stringent timetable as to funding yet.

[donegal1997] 27/4/2021 07:13

Seems like from that presentation that we will not have financing finalised until the AGM in June. A lot of other positives though.

[donegal1997] 27/4/2021 07:04

Just a notification of the presentation today sadly

[riotinted_specs] 27/4/2021 01:51

And I own more than you BelfastBoy, and let it be clear - it is always the case - nigh on 100% of the time - that those that panic and give themselves ultimatums lose out. Frankly, It sounds like you will be one of those 100%. Or you can take your hand and check between your legs, see if you have got some balls and WAIT. In the meantime get back to that old KEFI proponent that we know and love - albeit seems only most recently that you are vocal. Which I turn is nothing short of bizarre and at odds with your claims to be such a long term holder. I mean to speak out so much - all of a sudden when you do not strike me as a quiet investor at all. So it does beg the question why the big voice now. Got be honest BB sounds like the spreadbet is going to expire. That is really what it smells like, dare I say the second or third time you have had to roll it over...... just saying based on your long term inactivity on this board despite claiming to be a long term investor

[digger2779] 26/4/2021 23:22

Hi belfastboyo - unfortunately I wont be able to listen in live either. I too have asked a question about his tenure which no doubt will be ignored.
Here's hoping for a 7am blockbuster RNS so he can be grinning from ear to ear before his adoring fans.

[organstop] 26/4/2021 22:34

Read Estseon 12107 again!

[belfastboyo] 26/4/2021 19:26

Great link Rob...sounds like gold & silver is heading to record highs very soon I suspect and copper at 10 year highs...if only we had a lot of gold, silver and copper and mines digging them out lol ?

[sussexlibran1] 26/4/2021 17:26

@belfastboyo - I would happily vote to get Harry out - I think his performance has been awful. No more chances, he has had WAY too many and not delivered on ANY of them.

[donegal1997] 26/4/2021 17:05

Lack of volume would suggest no RNS tomorrow. Going to a painful wait.

[belfastboyo] 26/4/2021 17:02

You don't lose money unless you sell at a loss...yes share price might go down with an EGM initially...but as an long term investor here (not trader) then again it might go up through the roof should a competent CEO be elected to the BOD...Harry Adam's is the primary reason imho we sit at a sub 2p valuation (40m market cap) when we have $3BN+ in the ground...mr market only sees more failure and more dilutions due to his incompetence and not a viable mine/mines but hey I pray he for once proves me wrong

[belfastboyo] 26/4/2021 16:56

Hi digger Well I can't make tomorrow am call unfortunately but do let me know if my question comes up...actually 2 questions....along the lines of "since he has failed to deliver since 2018 TKGM closure why should we believe he will by end June? And, if he fails again...will he resign?Probably won't come up but hey ho

[theaviator] 26/4/2021 16:54

Mind you, not so uncommon with an aim exploration company really. Most are crocks of...

[theaviator] 26/4/2021 16:53

Partly but just interesting to see and how everything was drafted. There are so many safe guards in the mem of arts it's as if was drafted especially for failure

[jlwilliams] 26/4/2021 16:29

Aviator - in respect of Ethiopia, surely names pre Nyota buyout are irrelevant?

[theaviator] 26/4/2021 16:14

V interesting reading the Mem of Arts. This was soooo setup as a lifestyle company

[howling] 26/4/2021 16:09

O dear
Two Telecom bidders only! considered a bid but ended up pulling out said the process had been opaque with little information on vital topics such as the price for accessing infrastructure. “You’re totally blind . . . you don’t know how you will invest, how you can take your cash out, and if you will have access to the foreign currency from the central bank,” he said.