Very interesting interview. I note he said that 80 Mile were drilling? I thought they'd been stopped.Anyway, glad I topped up the other day on both Amaroq and Kefi.

You could guarantee an instant sell-out by main eventing Roland "Fatty" Cornish doing the limbo.

Excellent information. Thank you so much. So I was not just dreaming that the road was started and would soon reach TK multiple times. Building of anything always seems to take so long, though travellers can turn a field into a concreted and fenced off traveller site in 24 hours.Why countrys/companies dont get these guys in to build things is beyond me. Though I suppose you need to follow the rules.

It sounds reckless. Almost to the extreme.I look at my isa and sipp portfolio and feel it is reckless.I own 19 stocks in my SIPP and 18 stocks in my ISAs, there is much overlap between the 2.So 25 stocks in total and some of these are investment trusts that have their own spread of stocks.My largest holding is 17% of my total and it produces 20% of my income.Any stock can stop paying dividends and disappear at the drop of a dictators hat.I held Raven Russia that are now worthless. (property distribution centres what could go wrong)Though if it pays off, you will be goat farming whilst I am still trying to choose a replacement car.

This is indeed good news. After the attack, I posted that in my estumation KEFI needed to report the position within a month or so, as that seemed a fair amount of time to undrrstand the situation and arrange additional security measures. This reassuring update comes just over 5 weeks since the incident, which aligns with my expectation.

Tom, I think you would have to factor in concurrent delay to a programme and re-sequence. it will be probably be a couple of months and some considerable cost? 5 weeks stoppage is not a biblical disaster on a project like this.

Yes, I too very much enjoyed chatting to some of the youngsters. I also learned a new piece of teen slang: ‘what are you feeling?’ apparently means: ‘which dish would you prefer for lunch?’

ah yes 5 weeks of inaction creates an 18 month delay... whatever you say.If that was the case Kefi would have had to announce it, Stufel would have ensured that. It hasnt

I am not invested here but having been involved with East African business before I retired have followed the saga with interest. (I have been holding Aminex for 15 years waiting for gas production!)My take is read the RNS very carefully for the implications to timelines, financing and main contractor involvement. The revised security arrangements cannot be implemented until all the local community is resettled away from the site. with new housing completed. Having looked at the recent interims and 2025 accounts there are no payments or provisions made for the cost.Also noted £5.7m paid to the Banks in advanced fees, this will not have been the first such payment, non refundable of course. Watch the situation in the North. The last war delayed the project financing for years and there is no way the Banks will lend whilst this is ongoing, as well as them needing to be satisfied with the arrangements at TK. My estimation is that TK is now 12/18 months behind schedule and will most likely need yet another diluting fund raise at some point. My view is that Kefi shares are at best a hold for the patient prepared to take a 5 year view, I am too old!

I agree with you; it's great it's back on track but yes some of the stuff peddled as getting back underway is quite funny. It's classic Harry. A quick ask of copliot when it comes to that "access road and infrastructure" tells you the following: - Access road and infrastructure chronology 13 February 2024: surveys and preparatory works In Tulu Kapi Gold Project Update, 13 February 2024, KEFI said that low-cost project-launch preparations had started while it awaited project funding drawdown.The road contractor was reported to be:upgrading some bridges on the existing access routessurveying the proposed additional all-weather access roadOther enabling infrastructure included procurement of equipment needed to connect the project to the national electricity grid. KEFI also referred to communications and staging bases being installed along the transport route as part of upgraded security arrangements. [kefi-golda...copper.com]Position at this stage: preparatory and survey work, rather than construction of the new main road.7 January 2025: construction of the main access road commenced In Company Update, 7 January 2025, KEFI announced that certain “Major Works” had started, including construction of a new main access road between the highway and the Tulu Kapi site.KEFI described this as a government-funded project that significantly reduced risk to the overall development schedule. [kefi-golda...copper.com]This was an important change from the February 2024 position:February 2024: bridge upgrades and surveysJanuary 2025: construction of the new main highway-to-site road underway2 September 2025: road, power and plant infrastructure agreements In Tulu Kapi Gold Project Update, 2 September 2025, KEFI said that it, the main project contractors and the relevant Ethiopian government agencies had signed or approved definitive project contracts, subject to lender approval.These contracts covered:construction of the processing plant and associated infrastructureprovision of powernew roadslong-term mining capabilityKEFI also said that field activities were on schedule at that point and that full development was expected to begin in October 2025. [kefi-golda...copper.com]Position at this stage: the road and wider infrastructure package had moved beyond preliminary planning into government and contractor agreements, although the overall programme remained linked to final lender approval and finance completion.13 October 2025: construction projects continuing In Tulu Kapi Gold Project Update, 13 October 2025, KEFI said that various construction projects were already underway and advancing as part of the sequenced launch of the wider US$340 million project.The announcement did not provide a separate road-completion percentage or detailed breakdown of the individual infrastructure projects. [kefi-golda...copper.com]4 August 2026: visible physical progress on site In Operational Update, 4 August 2026, KEFI reported physical progress that included:installation of an electrical substationconstruction of a new access road from the bitumen highway to the siteconstruction of housing away from the mining licence areamobilisation of personnel, subcontractors and systems by Lycopodium, Ethiopian Electric Power, the Ethiopian Roads Administration and BCMmore than 50% of major project equipment either ordered or ready for orderingKEFI said the principal project milestones remained on schedule, with commissioning targeted for late 2027 and full production in mid-2028. [kefi-golda...copper.com]This is the first RNS in the sequence that clearly describes both the new road and electrical substation as physical works on the ground.7 September 2026: completion dates disclosed, followed by suspension In Tulu Kapi Update, 7 September 2026, KEFI provided more specific scheduling information:the new access road had commenced and was scheduled for completion in December 2026the electricity connection was progressing and was planned for completion before the end of 2027, in time to support commissioningplant and equipment had been ordered, with deliveries scheduled throughout 2027community resettlement and contractor arrangements were being phased around the sequence of earthworks and constructionHowever, KEFI also announced that project development activities had been immediately suspended following the fatal security incident on 4 September 2026. The company said development would not resume until arrangements were established to provide a safe and secure operating environment.The road has been commenced so many times it's almost comical.