Kefi Gold And Copper Plc · LSE:KEFI
Kefi Gold And Copper — Shareholder Meeting (July 2024)
8 slides from Kefi Gold And Copper's shareholder meeting presentation, Jul 29, 2024
Slide 1: Post AGM questions
Post AGM questions Q1: Why is the AGM not held in the UK? Given most if not all Shareholders live there? Shareholders voted +75% for a virtual webinar rather than a physical meeting. When we have held the AGM in London, very few shareholders have attended in person. We get more stakeholders attendin
Slide 2: Q6-Q9: Saudi funding, Ethiopian listing and exploration licences
Q6: The cost base in Saudi continues to increase as the team and opportunities expand there. Can you talk about the options available for releasing capital to be able to continue to fund Kefi’s portion of GMCO outside of raising further equity at the Plc level? The funding rate has tapered off quite
Slide 3: Q10-Q15: Ethiopian director, banks and community
Q10: What do you expect the new Ethiopian non exec director to bring to help towards building the business in Ethiopia? Local relationships and expertise is critical in a myriad of ways for an early-mover business in a new sector. He advises many muti-nationals such as Dangote and Coca Cola Bottlers
Slide 4: Q16-Q21: Government, security and exploration
Q16: What is the mood of the Government and what are the key issues? Audio Clip (answered during presentation) Q17: What is the security situation like at Tulu Kapi and what is the key to our success out there? Audio Clip (answered during presentation) Q18: Please elaborate on the other exploration
Slide 5: Q22-Q26: GMCO regional exploration and Saudi vs Ethiopia
Audio Clip (answered during presentation) Q22: How do you see the potential of GMCO’s regional exploration as compared with our discoveries at Jibal Qutman and Hawiah? Audio Clip (answered during presentation) Q23: Has the entry of so many new explorers squeezed us out or crammed our style in any wa
Slide 6: Q27-Q32: Resource security, investors and management
Q27: Most Western Countries have introduced policies encouraging resource security my investment into the mining sector. Why is the stock market still weak then? Audio Clip (answered during presentation) Q28: Saudi and Gulf investors are according to the media now examining mining opportunities in A
Slide 7: Q33-Q36: Site works, working capital and Q35
Done. Q33: What tasks, have been completed since early works started in May? Has the camp been dismantled yet? Are major works still on target to begin in September? The camp has been dismantled where planned for now. New host lands have been surveyed and meetings have been held with hundreds of peo
Slide 8: Q38-Q41: Cash reserves, second bank and ARTAR funding
Q38: Do you have enough cash reserves to see through to financial completion especially if the banks do let the time line slip as you've just stated. If not another placing? We have working capital facilities. Q39: What exactly has to be completed to get the second bank to sign up ? See RNS dated 29
Kefi Gold and Copper — Shareholder Meeting (July 2024) on 6ix