robjm66
05 May 2017
Re: RNS "which will result in TKM owning 100% of the Tulu Kapi Gold Project. The exploration projects outside the Tulu Kapi Mining Lease area are not part of TKM and remain 100% owned by KEFI."investment at project level and possibility of other deals in other areas in Ethiopia.
robjm66
02 May 2017
Re: RNS Today rnsMaybe explains why the Ethiopians asked Kefi to slow down at one point.However Looks like the local where’s their blame there’s a claim guys tried it on over actions not even taken by kefi. Now there is no prospect of a big payout the mine and its associated social programmes are going to be the big driver of local prosperity.
robjm66
29 Apr 2017
Re: RNS [link] prophets.com/views/28765/kefi-vat-refund-good-news-in-two-ways-buy-at-up-to-65p-target-13p
Johandesilva
28 Apr 2017
Re: RNS This is more than filling the coffers but another gesture of givernmental intent. IMHO.
Johandesilva
28 Apr 2017
Re: RNS This is more than filling the coffers but another gesture of governmental intent. IMHO.
robjm66
27 Apr 2017
Re: RNS [link] prophets.com/views/28732/kefi-another-box-ticked-all-on-track-for-construction-2017-buy
robjm66
27 Apr 2017
Re: RNS [link] personally I expected this (posts 51255, 51003) this but it is still good news that helps to fill the coffers and yet again show the Ethiopian government commitment to this project.
Small Holding
27 Apr 2017
RNS RNS Number : 4762DKEFI Minerals plc27 April 2017 27 April 2017 KEFI Minerals plc("KEFI" or the "Company"
UPDATE ON TULU KAPI PROJECTKEFI receives first tranche of VAT refund worth £2.5 million (US$3.2 million) KEFI Minerals (AIM: KEFI), the gold exploration and development company with projects in the Kingdom of Saudi Arabia and the Federal Democratic Republic of Ethiopia, is pleased to announce that it has received ETB 30 million (approx. $1.3million at exchange rate of US Dollar Ethiopian Bir of 23 or Pound Sterling equivalent of £1 million) of the ETB73 million VAT refund. The Company has come to an agreement with Ethiopian Revenues and Customs Authority to receive the remainder of the funds over the next two months. The Company's VAT refund from the Ethiopian tax authorities was agreed following KEFI's repayment of the inherited ""Reverse VAT Liability" within the agreed 3-year schedule to December 2016. The funds received will be used in Ethiopia to progress the development of Tulu Kapi project. KEFI's Executive Chairman, Mr Harry Anagnostaras-Adams, said: "The Ethiopian Government have remained supportive of our project in Ethiopia and are committed to facilitating growth of the mining sector. It is a mark of our relationship with the Government that payment of our VAT refund is occurring in a timely fashion. The monies received will be used to fund operations on the ground and progress the Tulu Kapi project."
robjm66
26 Apr 2017
Re: KEFI finalises Tulu Kapi resettlement pl... [link] leaving others to comment on the Geo side must congratulate everyone at Kefi for the work done on the social side and the emphasis on good relations with the Ethiopians and their government.“A Long-Term Partnership, KEFI-Government-Community” Even Jeremy Corbyn would be impressed.
Johandesilva
26 Apr 2017
KEFI finalises Tulu Kapi resettlement plan The RNS shows positive intent.
robjm66
19 Apr 2017
Re: RNS....placing @ 33p [link] prophets.com/views/28513/video-harry-anagnostaras-adams-executive-chairman-of-kefi-minerals-presents-at-uk-investor-show-2017
Ripley94
17 Apr 2017
Re: RNS....placing @ 33p On winnifriths dragon den show .. he reckons they have some.
robjm66
16 Apr 2017
Re: Game changer Short term Speedo Boy the news over North Korea going to push the gold price up and down the most. Really scary you have a new president on one hand and a psychopath on the other. Some talking heads are trotting out the old line that both sides would have too much to lose by certain actions but that has not stopped previous conflicts and it just needs someone to f*** up then no one wants to look weak by backing down.
Speedo Boy
15 Apr 2017
Re: Game changer From the limited reading I've done on this subject I think it's been working now for a few months. Given the modest rise in the PoG in this time it looks like it will be a slow burner rather than putting a rocket on the PoG in the short term?
robjm66
14 Apr 2017
Re: Game changer [link] prophets.com/views/28442/gold-poised-1291-is-a-game-changerUppermost in the minds of those attending is the potential impact of Shariah Law and investments in physical gold. This is a $2.2 trillion market which is growing fast - a mere 1% allocation to gold would see 500 tonnes bought (as much as total net Central Banking buying each year) - and 6% allocation would require them to buy 100% of global gold mine production. [link] means that gold investment has been limited to its use as a currency and jewellery, as the earning of interest is forbidden. The immediate transfer requirement means that speculating on future values is not allowed. This makes it tricky in the area of gold futures and other paper gold products.Dr Mohamad Akram Laldin, explained to IFN, “In other commodities the counter value can be deferred. But when it comes to gold, both counter values have to be spot. That is one of the biggest issues when it comes to the trading of gold. Under modern transactions we will have sophisticated platforms, and different ways and means to transact, but as long as these conditions are satisfied we can always trade.”This might sound as though gold investment is near impossible in the Islamic world today. In reality it is not, although there is some confusion. Yusuf DeLorenzo, an AAOIFI member, stated“The hesitation about investing in gold when credible Shariah standards are unavailable is nearly universal in the Islamic world ... There might be certain other issues, particularly when it comes to delivery,” stated Dr Mohamad Akram. “If I am buying gold from a vendor on a platform, can I take physical delivery of this gold? But as long as these conditions can be satisfied, there shouldn’t be any issue. As an underlying asset, gold is Shariah compliant and can be used.”[link] know three things that the new Shariah gold-standard will achieve:a) Increase diversity in the number of available Shariah gold compliant investment productsb) Greater emphasis on the role of physical gold in gold transactionsc) Islamic finance will have greater say in the setting of the gold price
