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Investor discussions regarding KEFI (Kefi Gold and Copper Plc) during the specified period reflect a mix of skepticism and cautious optimism. Notable developments include ongoing concerns about funding and organizational delays, particularly concerning the Tulu Kapi project. A significant quote from 'theaviator' highlighted investor frustration, stating, "Doesn't it strike you as odd that with such an apparent bonanza resource that they aren't biting his arm off to fund?!" This sentiment emphasizes the anxiety surrounding funding timelines and project initiation.
Financial highlights from recent discussions indicate a growing concern over share dilution, with 'determined' mentioning the increasing number of shares in issue, now at 7 billion. Investor sentiment appears to be dominated by skepticism about management's ability to deliver on timelines, with repeated questions raised about previous commitments. ‘chopper harris1’ noted, “Just how much longer are shareholders going to allow this management to keep getting away with this?" This underscores a critical atmosphere where investors are demanding accountability and tangible progress in the new year, as any delay further diminishes confidence in the company's prospects. Overall, while some remain hopeful for upcoming financing and project advances, doubts regarding management's effectiveness continue to cloud investor sentiment.
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KEFI Gold and Copper Plc has been active in recent weeks, particularly with a capital raise aimed at generating up to £10.6 million to fund its mining projects in Ethiopia and Saudi Arabia. This includes firm and conditional placements that could yield around £5.5 million, alongside a PrimaryBid offer to attract retail investors. As part of this initiative, KEFI has announced a General Meeting scheduled for January 2, 2025, to discuss the capital raise, following the distribution of a circular to shareholders.
In addition to financial maneuvers, KEFI has received significant developments in exploration, including the award of a new exploration licence for the Konso Critical Metals Area in Ethiopia. This project is positioned to capitalize on previously identified resources of copper and other valuable metals. Moreover, ongoing enhancements at the Tulu Kapi Gold Project continue, with initial committee approval from banks to increase proposed loan facilities from US$190 million to US$240 million, strengthening KEFI's financial position and prospects in the region. Overall, these developments signal a robust outlook for KEFI as it progresses in its exploration and development initiatives.
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Oh and am sure you will also note that I recently stated if the monies were indeed sorted I would reinvest. I would however want to see hard evidence of this if it came to it. Turned out I was absolutely correct to jump at the time I did. You will also be fully aware that in this business it is highly unusual for banks to mess about this much ;) The formation of the umbrella company was also a little odd and also fueled my suspicions of extreme delays which turned out to be well founded.So until then I remain bearish, dubious and that is my right ;)Ps I had pittance in here really. |
Quote away not a problem little man. You don't appear to understand what ramping is. An example is Heir Goats "3p by next week"I actually originally invested because of Adams ramptastic statements which turned out to be pure excrement. A subsequent running theme of his. Didn't take me long to make a good assesment of the real situation. As said before we don't always get it right eh but I certainly do more than not ;) |
Thought doest protesteth too much. No didn't lose anything overall actually only made out of this share but heyho you will try to state differently. |
(Ethiopia/UK) |
Hmmmm. Seems like someone has got caught out and is trying to reinvent history. Do you want me to post more of your condescending ramptastic posts where you’re flatly disparaging skeptics of HAA and telling them you know better and you’ll single handedly move kefi’s share price up by buying more stock? You realise this is all readily searchable, right? There are A LOT of those posts from your account. You would have thought that for someone like you, who is a self-proclaimed smarty pants, you’d have at least created a separate username so the hypocrisy wasn’t so evident. Then to say you invested based on HAA’s “comments̶ |
"royally pumping this stock" We shall leave it there but I did chuckle. Clear you have not been here for the three years as I have certainly never "pumped" this stock. I had once invested briefly when Adams stated in his usual arrogant manner "Closes and hits". The only hit was between the eyes. The man has full of proverbial diahoreea ever since. |
Thing is Aviator, as you conveniently leave out of your narrative, you were royally pumping this stock before and telling anyone that disagreed they were a “fool”. There were several posters telling you that there was a history of dilution and you ignored their warnings. My last post was an exact copy and paste of your own words about Kefi when you were boasting how you were placing large buy trades in the stock. You are precisely the same as 99% of the posters on lse, clearly having bet big and lost more than you can afford on this stock, now bitter and twisted posting incessantly about how it’s a terrible investment, seemingly because you lost so much money here. To cap it off, you previously claimed on multiple occasions that private equity was going to somehow be the saviour of the company - once again showing how you have absolutely zero understanding of those operators and financial markets in general. You made a mistake and lost, why not leave it there instead of wasting 3 years, posting over and over again, trying to undermine confidence in the company presumably to justify your own investment mistakes? It’s actually quite sad that it’s affected you this much. Was it a life changing amount you lost? |
You have no argument. I was here when was 3p told you would go lower and 1p and I'll tell you now it'll continue to drop to par with the odd "pump" along the way. |
Isn't what fool?! Same old same old here. Until proven different and Adams has proved nothing only uselessness! |
It isn't now though! :-) |
Whether you choose advice or opinion mine has been consistently correct for three years! |
You're memory would appear to be fading Heir Baphomet as we have been through that before and I answered at least twice to that very same question from YOU over the last 18 months. Are you just plain stupid or is age finally creeping up with you?! Take your pick. Next I just block you but your posts are ironically comical and you certainly give Basil Fawlty a run for his money. Placing next imvho Need some Saudi news to ramp into it so likely trade coming but you'd better be aware about approaching the end of the moving walkway and get ready to push your trolley over the ramp. |
TheAviator, |
I totally understand you and if you've been here a while I get it even more but it'll happen I think - why? It's too good a deal for the Ethiopian government for it not to! |
Ps "You're the type".... As said "Presumptuous little man" The one eyed man is a King in the land of the blind! |
You don't listen and you certainly didn't understand my comment re Barclays that has certain underlying connotations attached to it but one can't educate pork! GL with your Kefi punt you will need it. Kefi is quite good for trading at certain levels but non investible. FYI one can retire and still have a little input or do I need your permission. Fool! |
Except you’re the type of person that *thinks* they’re running rings around people when in fact everyone’s laughing at you behind your back because of your naive (delusional?) comments dressed up as knowledge and facts. Amusing to hear yesterday how you “work with many investment banks” and then today we hear you retired “over 10 years ago”. Coupled with the lack of knowledge about Barclays, something doesn’t quite pass the smell test here. Next you’ll be telling us that Goldman et al are acting as bookrunners for a unicorn startup you co-founded in your spare time which is IPO’ing on Nasdaq next week ;) |
Not all superheroes wear capes :-D |
Ps I hope your back of house decision making ( LOL ;) ) is a little more astute then your wildly inaccurate and uneducated assumptions of BB posters comments. Presumptuous little man aren't you. You one of the bow tie and toff accent brigade too? Used to love running rings around you lot.Kefi - Tick tock.... |
Ps I retired at age 38 FYI That was over 10 years ago and without the help of crypto so lets just say I have enough experience to spot a fly by night scheme and so my advice to the board (yes I am qualified to give it!) would be to legitimise the facts they state with absolute proof otherwise one may consider the persistent delays & dilutions over 10 years dubious. Lack of PR should tell you all really too. Disgraceful tbh!The share price is at .57 for a reason... Clearly with the lack of TR1s nobody worth their salt believes either. Go figure. ;)Have a glorious weekend. |
As I say not quite like Barclays. I have nothing to prove apart from exposing these diluted to oblivion type companies for what they are worth and that is sweet FA. Now let me get back to my Melon.... |
Type | Ordinary Share |
Share ISIN | GB00BD8GP619 |
Sector | Metal Mining Services |
Bid Price | 0.484 |
Offer Price | 0.49 |
Open | 0.491 |
Shares Traded | 15,873,042 |
Last Trade | 09:17:13 |
Low - High | 0.49 - 0.50 |
Turnover | 0 |
Profit | -7.9M |
EPS - Basic | -0.0011 |
PE Ratio | -4.45 |
Market Cap | 35.38M |
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