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.

Excellent news – but still waiting on the promised funding to arrive.

playing out in public only exposes 1 party to further ridicule. Moreover it leaves a trail of breadcrumbs if I am "cancelled"

There was so much not said.Some of the things that were said I thought were already well on there way.Construction is now recommencing for Project electricity (connections) infrastructure as well as re-mobilising for new access roads.I did think the road was already to the site. Though I easily misunderstand things.This will be followed by replacing housing and lands for community resettling from the mining licence area. I really did think this had already been started and people moved.I suppose it is like politicians announcing the same funding in 10 different ways.At 0.8p I was overall back in the black but then the selling started probably by those brave enough to have doubled down at 0.6p. I did buy some more at just under 0.7p on the way down.This and AMRQ are the only non dividend parts of my SIPP.I am tempted when more dividends drop in to top up AMRQ as Dividends must be within site, even if tiny to start with.At one point KEFI was 16% of my SIPP now just 5%. It makes the allocation look more sensible but wholly for the wrong reasons.AMRQ is just 1% of my SIPP.Kefi is now in two civil dispute areas (not sure what to call them). Ethiopia and Saudi. Those Houthis, backed by Iran. It is going to be a bumpy ride.Thankfully there is no gold mining in London. A known terrorist hot spot.If Brexit election was controlled by the Russians (ref A.Burnham) can we say the London Mayor elections were controlled by the Iranians?

I dont think anyone is "beyond help" and I would encourage him to seek help with some urgency , for his own and for Toms family's best interests . This is stuck in an escalation loop and playing out in public is not productive for either side .

To Bloomberg staff I would recommend reading 'The Psychopath Test' by Jon Ronson.