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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Kefi Gold And Copper Plc | KEFI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.014 | -2.55% | 0.536 | 16:17:43 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.55 | 0.536 | 0.556 | 0.536 | 0.55 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 06/4/2024 08:56 by robjm66 (Ethiopia general)(Ethiopia general) (now includes gold) Eligibility criteria include: investors interested in participating in the EEP must focus on minerals categorized under Class 'A' of the Mining Investment Law, such as Copper (Cu), Lithium (Li), Nickel (Ni), Gold (Au), and Iron ore (Fe); and exploration activities should target underexplored areas or critical minerals to ensure a comprehensive exploration approach. Eligible applicants must also possess a valid exploration license under five years of tenure, requisite expertise, and a proven track record in greenfield exploration. Under the program, investors are required to submit their work program applications by May 31. Successful applicants will be announced by July 31 |
Posted at 05/4/2024 08:05 by robjm66 the Exchange witnessed dramatic interest by domestic and foreign commercial investors, obtaining a whopping ETB 1.51 billion (US$ 26.6 million), representing subscription of 240% of its initial target capital raise of ETB 631 million (US$ 11.07 million), with participation by a total of 48 domestic and foreign institutional investors across financial and non-financial sectors.Well looks like Kefi could list on a Ethiopian stock exchange and that would not exclude listing on Saudi exchange in the future while and while I am sure the Ethiopians would be very happy and kefi could maybe use it to get future funds for Ethiopian side I am still a bit ambivalent over whether its the right move. |
Posted at 05/4/2024 08:00 by robjm66 the Exchange witnessed dramatic interest by domestic and foreign commercial investors, obtaining a whopping ETB 1.51 billion (US$ 26.6 million), representing subscription of 240% of its initial target capital raise of ETB 631 million (US$ 11.07 million), with participation by a total of 48 domestic and foreign institutional investors across financial and non-financial sectors. |
Posted at 25/3/2024 09:41 by robjm66 You are on the wrong thread then.“A positive development is that recent regulatory changes have facilitated the improvement to the equity funding structure which has lowered overall finance costs. The regulatory changes of note were the foreign exchange exemptions, the increase in the maximum permissible ratio of debt to equity from 70:30 to 80:20 and the deeming as foreign direct investment the re-investment of the local currency (Ethiopian BIRR) retained earnings of multi-national corporations (“MNC”) into new business sectors.” In an effort to attract more foreign capital, Ethiopia will now allow foreign investors to own property for the first time. Prime Minister Abiy Ahmed (PhD) announced the loosening of property ownership laws during a meeting with investors on March 22, 2024. While Ethiopians and the Ethiopian diaspora have long been allowed to purchase property, foreigners were previously restricted unless investing in approved commercial projects. But PM Abiy said foreigners will now be permitted ownership rights without such obligations. |
Posted at 20/3/2024 08:43 by robjm66 Bzz Bzz does not compute (RobotJM66).Patrick Chidley, International Investor Relations KEFI, will be presenting to investors at the Swiss Mining Institute investment conference..Not Harry. |
Posted at 19/3/2024 07:55 by robjm66 (Saudi mining)(Saudi mining) (Saudi mining) The General Meeting will be followed by an investor webinar via the Investor Meet Company platform on 26 March 2024 at 10am GMT during which a presentation will be given and submitted questions answered. The webinar is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9am the day before the meeting or at any time during the live presentation. Investors can sign up to Investor Meet Company for free and add to meet KEFI via: |
Posted at 06/3/2024 08:11 by robjm66 The price of gold has surged to a record high, driven by growing expectations of US interest rate cuts, investors hunting for haven assets and months of prodigious buying by central banks and Chinese investors.In a Monday note, analysts at Citi described themselves as “medium-term bullion bulls,” calling a 25% probability of gold averaging a record $2,300 per ounce in the second half. Their base case remains $2,150, and they reiterated a “wildcard&rdqu |
Posted at 20/2/2024 08:34 by robjm66 The operator of Saudi Arabia’s stock exchange said foreign investors’ exposure to the bourse isn’t high enough, showing that they’re missing out on returns that have beaten most emerging-market peers.The operator is doing what it can to promote Saudi Arabian stocks by informing international investors about the market and its regulatory and operating framework, Al-Hussan said. It is also expanding its offering of securities to add depth, such as last year’s introduction of single stock options contracts. Al-Hussan said there is more than enough liquidity to support new listings, with almost 60 applications under review. Saudi Is the New China for Investors Hunting Down Growth “The historical IPO coverages is just the testament of what is the capacity of the Saudi capital market,” Al-Hussan said. “What we have seen in previous IPOs, and the daily liquidity in the market gives us the confidence that the Saudi capital market, specifically the exchange, can strongly observe any required liquidity by any new IPOs coming.” Maybe the company should be moving faster with a listing in Saudi? |
Posted at 12/1/2024 12:02 by robjm66 As with a lot of harry short interviews have to get past the delivery and actually look at what is being said..“The government has made a number of important changes to the laws and the rules and mining and so the main/Lead banker has granted their approval, the lead Equity investors government and private investors have done the same and so very good.” Basically the rest of the consortium were already happy just waiting on the banks. “so those three things are happening now in parallel to allow the whole project to go proceed in a few months time “there is no one trying to block us quite the opposite when we push against the government door the door open. When we push against a contractor a lender or investors door the doors open the door is open.” Harry talking about full go ahead before that obviously will get the second bank go ahead then followed by a stream of go ahead by other parties. As for Saudi its all good basically so much money washing around Suadi chasing not many international miners that “it will be quite easy to move forward without reliance on capital from outside Saudi.” |
Posted at 28/11/2023 08:19 by robjm66 We’re working to support export-oriented companies as well as foreign direct investment by relaxing regulations;Q: In September, the NBE approved the opening of offshore accounts for strategic foreign investors in the country. Are we likely to see other similar reforms soon? A: Encouraging investments is an important priority for us. The offshore account exemption for strategic investors is a response to a long-standing request from the foreign investment community in the country. Investors want to know that they will be able to repatriate profits and dividends out of the country, which is a reasonable request. So we’ve provided that guarantee for investors that are operating in Ethiopia, creating jobs and adding value to the economy. It’s a priority for the government to update our regulatory environment, and improve our institutions and processes to encourage such investment, and you will see more of this in the coming months. “To date, over 100 companies are actively engaged in mineral exploration across the country, while about 70 others are actively developing different mining projects transcending the exploration stage in minerals like gold, gas, iron, geothermal and others. This is huge,” Million pointed out.” (Ethiopia mining) |
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