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KEFI Kefi Gold And Copper Plc

0.566
-0.01 (-1.74%)
Last Updated: 09:25:01
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Kefi Gold And Copper Plc LSE:KEFI London Ordinary Share GB00BD8GP619 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.01 -1.74% 0.566 4,697,362 09:25:01
Bid Price Offer Price High Price Low Price Open Price
0.566 0.574 0.57 0.566 0.57
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Metal Mining Services -6.36M -0.0013 -4.38 28.3M
Last Trade Time Trade Type Trade Size Trade Price Currency
10:18:54 O 147,470 0.5671 GBX

Kefi Gold And Copper (KEFI) Latest News

Kefi Gold And Copper (KEFI) Discussions and Chat

Kefi Gold And Copper Forums and Chat

Date Time Title Posts
19/3/202410:53Kefi Minerals 2020 and beyond28,041
19/3/202408:13Is KEFI about to come good?4,894
04/3/202421:32Kefi yet another AIM listed fraud. 89
23/1/202316:04Kefi Minerals-2010 and into the Kingdom of Saudi Arabia64,343
22/11/202222:31Is KEFI about to come good?6

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Kefi Gold And Copper (KEFI) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
10:18:540.57147,470836.30O
10:02:550.57275,0001,559.53O
10:00:410.571741.00O
10:00:370.602,000,00012,000.00O
10:00:330.602,000,00012,000.00O

Kefi Gold And Copper (KEFI) Top Chat Posts

Top Posts
Posted at 16/3/2024 09:06 by topicel
I still have no idea what you are on about Goatie. As I told you before I do not notice my PMs, as I spend little time on the threads here these days as all the money we have invested has been lost.

Some little might be regained, but even you must despair as weeks turn into months and months into years (I missed out the quarters, they're a given).

There is only Harry who has 'won' here. I accept the investment has been a poor one and we've been led a merry dance from the days of being called nellies etc. I accept you seem to have a very different view of the way things have panned out and so on, even if to most here it has proven wrong time an time again, you keep banging on about it.

If I was rude, I apologise. But how many more confetti shots can you tolerate in this agony. If Kefi was a horse it would have been shot long ago, never mind keeping its lights on. It would have been kinder to all of us and we could learn the lessons and repeat them or not elsewhere as we choose.

Mr. Hester said he was rude. I said nothing like his crass and scary comments, nor would I. So whatever you think was rude is beyond me in that range of upset.

I repeat, it is not a good way to communicate via a message system that I have no inkling about. You should understand that being as inept at techie things as me, judging by your often triple posts ;)

Or is that being 'rude'? Some might say it is worse to mention all the share price expectations that you have over the years with no remorse. Whether you realise it or not, that is influential to some, and not in a good way when backed up by Harry's garbage.

Like the Tory party and its 'wide church', all views are welcome and said with feeling. A message board for freedom of speech. But of course you would delete that observation for touching on politics. There is room for all you know.

Tell me what was rude seeing as I don't know and you do recall. It does seem you have done a lot of 'assuming' that you are preaching against too in all of this...

You are 'knocked' for your blatantly and consistently wrong opinions about Kefi, nothing else. There may come a day you are right, but getting to 22.1p as you once reckoned was a 'certainty' is so far off neither of is likely to see it mon ami.

I have no beef with you and never have, but as surely you have noticed on so many threads and posters, you do offer a big target with your style and remarks on your various investments. It ain't just moi...and I've said many times before I'm sorry if you're offended btw, but on Kefi I've always been, sadly, 100% right as you well know as we languish at 0.5p with seven (?) billion shares in issue.

Speaking of which, were you not rude the other day to say I was wrong about Kefi being one of the highest issuers of shares on AIM, when it was immediately shown to be the case that we were in the top 3%? Take it or leave it, as I did. It is a message board.

You are often rude about the length of my posts and style. Easy, block reading them. I took it personally and to heart but accept that there may be some (a lot?!) of truth in it. All I know is (if you have invested all along here as you say) we are both thousands of pounds worse off for having even become aware of one another - and only Kefi and its disciples and sycophants have been the cause of that malaise.

xxx (as Rob recommended)

Topicel (which, you might remember, you once chastised me for always ending my messages with - rude?)
Posted at 13/3/2024 09:18 by robjm66
Various questions regarding GMCO in Saudi Arabia

Q: How much do KEFI currently owe Artar to pay the share of expenses in GMCO and how much do you expect it to be by the end of the year?

A: That will be published in the accounts.

Q: What are your plans to fund KEFI’s share of GMCO for the 2 years up to commencement of production at Jibal Qutman to ensure we do not dip below the important 25% share of the project?

A: Our negotiations with regional investors addresses both Ethiopia and Saudi Arabia.

Q: Are you contemplating listing GMCO on the Saudi stock exchange?

A: Yes.

Posted 13 March 2024 posted by bear666 lse kefi thread from kefi website.
Posted at 12/3/2024 07:44 by robjm66
From kefi website Q and A section

Various questions regarding Tulu Kapi
Q: What is the timetable for Tulu Kapi development?

A: It is expected to be a 24-month development program from mid-2024.

Q. How confident are you that the exploration areas around TK will be returned to Kefi?

A. No update to the statement in the Q4 Operational Update released on 24 January 2024:

“We have commenced administrative proceedings in respect of our long-standing proximal Exploration Licenses (“ELs”) surrounding the Tulu Kapi Project Mining Licence area, in order to continue exploration programmes and community development which have always complemented the Tulu Kapi project. During an overhaul of the title-regulatory system in 2022, these ELs were over-pegged by a Hong Kong shell company owned by a British Virgin Islands shell company. We are confident that this situation can be resolved satisfactorily."

Q: What changed to make you change your previously stated position that KEFI would not raise at the PLC level before financing had completed?

A: The intention has always been to minimise dilution to KEFI shareholders and TK is being project financed at the subsidiary level for that reason. Our project financing of $320M needs certain things done now by KEFI in order that we can launch the project, hence the requirement for the PLC raise.

The estimated fully-diluted intrinsic value of Tulu Kapi is multiples of today’s share price and further enhanced by the Saudi assets and exploration assets. But we need to pay for certain project launch costs so that the large financing can close.

Q: How will KEFI fund themselves for the two years whilst TKGM build the mine in Ethiopia?

A: The project finance plans in both Ethiopia and Saudi Arabia take those costs into account. But no one in a pre-production company can warrant that shareholder capital will never be required. That would not be reasonable. We can only transparently explain our intentions and plans.

Q: How do you feel coming to the webinars, basically saying for the last two years (at least) that the financing is definitely happening and imminent, yet here we are, still waiting for it and no fixed timetable set?

A: That is not accurate. The Ethiopian national state of emergency ended in February 2022, the syndicate met and signed their Initial Umbrella Agreement in June 2022 to re-prepare for project launch. We consistently set out key conditions precedent as being security upgrade, country membership for AFC for Ethiopia to treat that bank the same as TDB, and exemption from capital controls. We signed the Final Umbrella Agreement in mid-2023 and we reported as follows:

“Along with the rest of the Project finance syndicate, the co-lenders have issued conditional approvals subject to the Ethiopian Government’s formal confirmation of the few remaining outstanding items, notably clarification of the details of capital controls for internationally syndicated project financings. Whilst the principles have already been approved for TKGM, specific working rules are being considered to ensure the Project can operate smoothly.”

Upon finally receiving public declaration in October 2023 of the requested details of exemption from capital controls, the syndicate met in Addis Ababa in November 2023, the lead-lender issued final credit committee approval in December 2023, that was reported in January 2024 and the progress since then will be updated when so approved by the syndicate.

This has obviously and regretfully all taken longer than we expected or wished. If KEFI itself were funding everything we may have been quicker, but that is not really the issue at hand because the conditions of the host country and its regulatory reforms needed to be addressed satisfactorily for anyone to deploy money and people. Shareholders’ best interests required us to await the lifting of the state of emergency and to await the requested fine print of, inter alia, the exemption from capital controls.

No-one in the syndicate is doing anything to waste their time and money. They are just being careful. And it is KEFI’s overriding responsibility to protect all parties’ human and financial capital in a country that became very challenging after our arrival and is now settling down again.

It is encouraging that Ethiopia is once again reportedly back into the top 10 rank for growth countries.

Q: Did it surprise you that the two main Tulu Kapi financing banks did not carry out their due diligence concurrently rather than consecutively?

A: That is not correct. Due diligence was concurrent. Formal approvals sequencing is a chain of dominos.

Posted 12 March 2024
Posted at 05/3/2024 10:03 by james japp
Peter?

1deedee - 26 Mar 2023 - 12:33:49 - 1609 of 4737 Is KEFI about to come good? - KEFI

Thought this was a great post from Simms on the other board.

The key to Harry interview was he said bank is injecting more cash so that implies Kefi probably got the extra £10m it was agreeing with EG was part of its equity. This would have allowed Kefi to access more borrowing. This will mean we will have almost $100m of sweat equity in this project with even less minimal dilution. Seriously if he pulls this off we are all going go be in a very good place. I mean we literally add $100m to the market cap as all of Harrys pina colladas and sun lounger rentals :) will be counted as equity. Its a big deal. Most gold miners raising $380m would need to pony up $100m and that would be a massive dilution but we have agreement on last 10 years of investment to be counted. On top of this We have warrants tripping at 1.6 that was designed as our equity. So bear in mind TKGM will make a payment to Kefi around $10m on financial closure that coupled with warrants is plenty of cash to fund Saudi. The 25-30% discussed probably means 30% if we get TK confirmed in next few weeks or it means 25% as we will have to let Saudi dilute as Harry must first guarantee TK is settled. he can do a raise prior to TK close as it would jeopardise all his warrants and could kill TK off at this stage. We will see but this is the potential deal of the decade. It all sounds too good to be true in all fairness and why we have had so many years of pain as pis. Will it be 4th or 10th time lucky i am not sure but having followed last few years twists and turns i have never had this level of real information coming from EG and Harry so it looks that it could be. Next week could start an explosive northwards march if the market gets wind of news or if we get some RNS update. For sure 1.6 will be a key landing point as if we hit 2.4 for 10 consecutive days we raise cash on the warrants. This will propel company onwards as that cash will fund Kefi and Saudi especially if banks are now lending more to the project as Harry explained. I am still amazed how low the market cap is of Kefi at £35m??? That is insane when we will be worth £150m after this first deal and then penny drops and Saudi will have full value as today its valued at 0. In 12 months £200m is not out of the question if everything falls into place. That is 7x todays valuation for the company and some would consider this a low valuation. Certainly £150m seems very easily achievable as that is just adding in our $100m sweat equity. Gla and dyor
Posted at 05/3/2024 06:22 by nick2412
A lot of bull points for Kefi but my concern is they will have to use £3.5m of the funds raised to reimburse the £3.5m ARTAR deferred for KEFI's proportion of the 2023 £19m exploration costs that Kefi were unable to pay. The information was, as is typical with Kefi, not completely clear but I assume this wasn't an indefinite loan or a loan that can be paid back when production starts.

Will exploration costs for Saudi go down this year? If not, then Kefi will have an additional £4.75m to pay for 2024 to retain the 25% stake. It looks like ARTAR is reasonable and wants Kefi as a partner, but shareholders don't know the terms of the deferred amount due and presumably interest will be applied as well.

Of course, if the share price goes higher then the warrants may kick in resulting in less dilution than future placings. I also can't see clarity on the shortfall of £20m due for Tulu Kapi in terms of the specifics of subsidiary funding. How will this impact valuation? Presumably resulting in Kefi having a reduced % interest in Tulu Kapi which is better in my view than dilution for the listed shares.

Lots of positive news to come in both Saudi and Tulu Kapi but balanced by the remaining question marks about funding and potential further dilution.
Posted at 04/3/2024 11:59 by robjm66
Link from Bear666 lse thread

Slide 13 shows Harry but slide 15 spotlight on Northeast Africa Kefi:Early mover in Saudi Arabia and now Ethiopia.. its John leach maybe a last minute change in who will be a speaker? Interesting that Harry is prominently highlighted on the document though not sure if the aaa@kefi-minerals.com is correct maybe haa@kefiminerals.com would make more sense.

Could not find anything to suggest that Kefi area sponsor or have a booth there. Looking back kefi has attended before buy not always.
Posted at 03/3/2024 14:29 by robjm66
Great find by Ham. Makes sense for Ivanhoe and Maaden to look at the what kefi has done as both are working in the Wadi Bidah mineral district and it is one of Ivanhoes priority districts and kefi has made a lot of discoveries there.

From kefis perspective any discoveries by Ivanhoe in the same area likely to get more publicity that can in turn boost kefi share price as kefi discoveries not really reflected in the share price at the moment.







“Later this quarter we will be issuing an update on Hawiah and Al Godeyer following the positive work programmes that have taken place. The metal content already reported at Hawiah is the gold equivalent of the Company’s other development assets (Tulu Kapi in Ethiopia and Jibal Qutman in Saudi Arabia)”



“Wadi Bidah is located between 220 and 270 km southeast of Jeddah and about 50 km north of Ma’aden’s Al Hijar gold mine, also not included in JV. This area has relatively limited data with its more challenging topography and local communities impacting both airborne and groundwork. The Bir Umq belt is also largely unmapped and unexplored. These two belts will become the focus of exploration activities in mid-2024.”
Posted at 19/2/2024 09:43 by katsy
Seen this all before, share price raises strongly before the next placement. My guess is they want the share price to reach .8p for a fund raise at .6p. Yes pure speculation on my part but at least mine is based on form. The bulls have been 100% wrong so far with kefi.
Posted at 15/2/2024 11:58 by theaviator
Ps.folk laughed at me several years back when buying Kod all the way to .08 or Bor. "Price is what you pay value what you get". All about foresight! Only foresight on Kefi is the 40million he has to raise from punters. Aoooch. He even stated he would be going to them to raise so... mind you can never believe a word that comes out of Adam's mouth. Patrick a different beast he replies to emails answers calls etc. Tough business but personable and doing his best. Share price is only a number and emotions get involved. Truth is the business hasn't changed, the product is there and mine ready at minimal cost. The industry is just slow at the moment but all that will change. No TR1s on Kefi. No interest. Huge dilution ahead and quite frankly folk would be better taking a punt on China and that's in a precarious position. Or Uranium or something sensible. Or crypto ;)
Posted at 13/2/2024 08:26 by robjm66
9° 4'55.57"N 35°33'5.09"E google earth old camp being dismantled

9°04'55.6"N 35°33'05.1"E Church and school Kefi built

Things are already happening on the ground.

That's they way I read it as well no money from parent company for the project needed at this time..just "repayable in cash or equity at KEFI's election as from year 4 at then market prices" obviously kefi will pay it out of cash from production unless kefi share price is a very large multiple of what it is now four years down the track by then should have at least two mines on the go.
Kefi Gold And Copper share price data is direct from the London Stock Exchange

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