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Recent discussions among investors on ADVFN regarding KEFI (Kefi Gold and Copper Plc) reveal a significant level of skepticism about the company's prospects. Several contributors voiced concerns about the lack of credible updates from management and expressed distrust in the company's governance. Notably, one user lamented, "The contempt displayed by Adams towards KEFI shareholders is really quite outrageous," reflecting widespread frustration about the leadership's failure to deliver on promises. Investor sentiment appears bearish, with many contemplating exit strategies and questioning the viability of the company's current projects, particularly in light of speculative commentary on the stock's potential downward trajectory.
Financial highlights from the discussions indicate low trading volumes and substantial sell-offs, with one comment noting, "People not reacting to events elsewhere... explain the massive sells?" This sentiment suggests a disconnect between market performance and the broader optimism about regional economic revival in Ethiopia. A significant development mentioned in discussions is the anticipation of a pivotal bill allowing foreign banks into Ethiopia, which some see as a potential turning point for KEFI. However, there remains a prevailing belief that without substantial progress in its financing and project operations, the stock will continue to struggle. As one user encapsulated, "Which accounts I wonder... Anyone with scruples would know not to touch this company with a barge pole until they actually proved something of note."
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KEFI Gold and Copper plc has recently made significant strides in its mining ventures, particularly in Ethiopia and Saudi Arabia. On December 4, 2024, the company announced the awarding of the Konso Critical Metals Area exploration license in Ethiopia, highlighting its intentions to explore critical metals such as copper, nickel, cobalt, tantalum, and lithium. This is seen as a promising addition to KEFI's portfolio and seeks to capitalize on previously identified mineral zones. Furthermore, the company is actively raising capital to support its projects, with an announcement on December 2 detailing a capital raise plan of up to £10.6 million, aimed at financing operational expenses and addressing past liabilities.
Additionally, KEFI has taken steps to finalize funding for its Tulu Kapi Gold Project, securing initial approval for an increased bank loan facility from US$190 million to US$240 million, demonstrating growing confidence from lenders. The company is also convening a General Meeting on January 2, 2025, to allow shareholders to discuss and vote on the recent capital raise initiative. Financially, these developments position KEFI well for future growth and exploration, with earlier interim results reflecting robust operational commitment and a diversified project portfolio.
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Notes tied to Gold linked bonds, local investors with money “trapped&rdquo |
*shudders* |
If Kefi are not certain that the second bank will sign up then why have they started the "early works" programme. The programme does not use vast amounts of money, but it does use quite a bit, and the works would be useless if the full cash was not available. |
Apart from their ultra meticulous dd protocols i don't see or understand why this sign off saga would perpetually perpetuate knowing full well the bloody life body or company they are supposed to be sponsering has been and is hanging on by it's fkng fingertips despite carrying every other fking party on it's back to make this happen to the benefit of all, any further bs delay will be pointless havoc |
Welcome. Money under the mattress for now. |
Theaviator, so many many thanks for being here and trying to save me from my own stupidity!You are my actual hero! Forget Batman - he's a loser compared to you sir.Wonderful man! |
Correct linkhttps://ibb.co/H |
The inception is here. https://imgbb.com/In |
It is the 60 year cycle period showed tracked from posted. |
We need to get some feedback pronto. Many years in here and heavily invested. This needs to start moving and giving the people it's answers. After all we are frustrated shareholders . Stop feeding us with information and no actions. Actions now Harry |
Aviator, |
Flash crash 2025 no doubt within the timeline given but I believe Benner is correct in his cycle work and 2026 will have some surprises. Also aligns with McWhirter North Nodal so property is likely to take a right battering. Fred Harrison usually pretty accurate with that. |
Well i have been right about the gold price for years Avaitor I would have been better of speculating on that admittingly. |
You can see the cause back in 1962 https://ibb.co/JHrcH |
https://ibb.co/jD57W |
One of my charts you may enjoy. A few have been talking 17 year cycle including Erik Hadic and Mike Maloney. (Red) I don't believe it. For me the 60 year is more accurate. (Blue)https://ibb.co |
Central banks have nothing else to do at the moment Rob. They are in severe trouble but as quick as they buy they will dump when appropriate. I am looking a year possibly year and half out here. However don't believe the sky will be blue forever... It really won't. You'd have been better buying a blue chip public company or even better physical. |
You believe what you want to believe. You are no more than a condescending random moniker with zero education. This is clear! Did mummy bring you up to make inaccurate assumptions of others?! When I was trading/Investing on aim hard my successes included KOD, TYM, BOR, SRES, SML. All multibaggers and history all there to see. I made a lot of money on aim.Nobody gives a toss what you think or posts but I'll still be here to give levelness to any board as I always do. |
Think with gold some major changes have flown under the radar Aviator you have the steady breakdown of manipulation of the gold price the central bank buying and future weakness in the dollar in response to a de dollarization process. You can argue about how fast the third factor will happen but not really about the other two. Central bank buying is an established fact and is probably even greater than appreciated has some efforts have been disguised historically by the Chinese but even the Saudis have been making some sneaky purchases. |
Likely will drop in value Katsy IMHO This character is the King of Robinsons orange. How they sleep at night is beyond me. |
I think it’s clear you are down hard, probably having lost far more than you can afford, and are now living in fantasy land with hindsight trading telling all and sundry that you invested just at the right time in btc and Nvidia, two of the largest bubbles of our time. Funny how we never hear of your investment genius ahead of time isn’t it? Anyhow, I thought you might have some insights but now realise you’re a penniless fantasist. I’m done engaging with someone who has nothing of value to add. Good luck to you. Over and out. |
Rob what you don't seem to understand is that yes gold is high now and yes it is likely to continue for a while BUT if you look at 2008 it crashed hard with equities and it'll be no different when time comes. Fundamentally banks are in trouble and mainly regional in US & Europe. Buffet isn't selling BofA for no reason. CRE loans in addition driving this coming crisis. |
I made my money by under promising and over delivering! Old school mentality!Take that to your bod and tell the Ozzie Greek he should learn that! He should have jumped here long ago and left in hands of Rainer. |
Nothing changed Rob. Nothing! BS rhetoric all the same and nothing actually done other than talk and hope! |
Type | Ordinary Share |
Share ISIN | GB00BD8GP619 |
Sector | Metal Mining Services |
Bid Price | 0.498 |
Offer Price | 0.512 |
Open | |
Shares Traded | 0.00 |
Last Trade | 00:00:00 |
Low - High | - |
Turnover | 0 |
Profit | -7.9M |
EPS - Basic | -0.0011 |
PE Ratio | -4.55 |
Market Cap | 35.59M |
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