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Investor discussions on KEFI (Kefi Gold and Copper Plc) around the end of December have revealed a mix of optimism and frustration. A significant development noted by participant robjm66 indicates that essential approval formalities from the Ethiopian government and major banks were expected to be completed soon, which could impact operational timelines. However, the timing of this communication has left some shareholders feeling that it may have come too late in the year to effectively influence current strategies or stock performance, highlighting the ongoing tension between expectations and reality.
The overall sentiment among investors appears cautiously positive, with wishes for a prosperous New Year underscoring a hopeful outlook for the company's future. Discussions also touched on logistical challenges, such as required community resettlements before major mining work can start, as pointed out by delta0091. These factors contribute to a picture of uncertainty surrounding KEFI's growth trajectory in the short term. Interestingly, comments about external pressures, such as the shifting dynamics in cryptocurrency regulations in Ethiopia, suggest that investors are also attuned to broader economic trends that could indirectly affect their investments.
Key quotes from the discussions, such as "The Government and the major banks have agreed to complete their essential approval formalities during this month," signal a pivotal moment that investors are watching closely, while sentiments of community and shared hope reflect a collective investment in long-term value creation. With the end of the year approaching, KEFI's stakeholders seem eager for clarity and progress as they enter 2024.
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KEFI Gold and Copper Plc has made significant strides in its operational and financial landscape, particularly with a recent capital raise aimed at generating up to £10.6 million. This equity issuance consists of a firm placing, conditional placing, and retail offer through PrimaryBid to strengthen the company’s cash position and support its ongoing projects, notably the high-profile Tulu Kapi Gold Project in Ethiopia. As part of this effort, a General Meeting has been scheduled for January 2, 2025, where shareholders will review the raised funds and future strategies.
In addition to its capital initiatives, KEFI was awarded a new exploration license for the Konso Critical Metals Area in Ethiopia. This opportunity aligns with the company's strategic focus on exploring critical metals like copper, nickel, cobalt, and tantalum. Moreover, plans for the Tulu Kapi project are progressing positively, with recent updates on operational activities enhancing security and community engagement, paving the way for forthcoming financial commitments. The company’s recent activities underline its commitment to growth and development within the burgeoning gold and copper sector in the Arabian-Nubian Shield region.
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Moving locals is not even in the list of Early Works. If you want to convince yourself they've done something that a) isn't planned and then b) chosen to not report what would be a massive development in the build of the mine at TK, then you crack on. |
It’s not me making things up though, is it Barry? See previous posts ^^^ |
They throw out RNS like confetti when nothing has happened, if it had, do you think they would be sitting on it? |
Ughhh, another poster who struggles with comprehension. Heliman quite reasonably asked how jaylett knew that “not a single inhabitant has moved anywhere” amongst other things. Of course jaylett hasn’t got a clue, he’s just got his spoon out again stirring. It could well be that a number of small landowners around key points in the site have already accepted the prescribed compensation and moved - we do not know and this is clearly not price sensitive info and thus not RNS’able in isolation. That is very different to saying “negotiations with the locals had been concluded” as you well know Barry. What’s the point of making up what’s just been said which other posters can see? It’s just pointless time wasting. |
The bloke is just stating facts, they would have confirmed that the negotiations with the locals had been concluded had they been concluded. Simple as. |
and Pray, how do you know this ? |
"As Kefi has commenced an "early works" programme (moving inhabitants, building accommodation etc. etc)" |
On my google search today.. |
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! |
Type | Ordinary Share |
Share ISIN | GB00BD8GP619 |
Sector | Metal Mining Services |
Bid Price | 0.484 |
Offer Price | 0.499 |
Open | 0.484 |
Shares Traded | 7,393,036 |
Last Trade | 09:20:50 |
Low - High | 0.484 - 0.499 |
Turnover | 0 |
Profit | -7.9M |
EPS - Basic | -0.0011 |
PE Ratio | -4.36 |
Market Cap | 33.55M |
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