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Investor discussions around KEFI (Kefi Gold and Copper Plc) have highlighted a mix of skepticism and cautious optimism regarding the company's future, amid ongoing challenges in securing financing and market support. A notable sentiment among investors is the perceived disconnect between the company's activities and the challenging geopolitical environment, particularly in Somalia and Ethiopia, which have raised concerns surrounding operational stability. Discussions reflected frustration over the company’s leadership and governance, with several users expressing disdain for what they perceive as a lack of accountability and transparency from the management—citing issues like possible share consolidation and the erratic timeline of financial commitments.
Despite these issues, there remains a glimmer of hope reflected in quoted sentiments like, "If funding will be released in smaller lump sums please supply dates for each," indicating a desire for clear communication from management regarding financing timelines. There are also discussions surrounding the potential of Ethiopia's gold mining sector as a significant driver for growth, with one investor noting, “Ethiopia’s gold mining industry stands out as a significant driver of growth.” However, the prevailing sentiment in the chat forums suggests a critical view toward the company's ability to deliver on promises, with multiple users pointing to the contrast between optimistic projections of share prices and the reality of recent trading actions, leaving investors wary of further investments.
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KEFI Gold and Copper plc has made significant strides in its operations and strategic initiatives, particularly in the context of its ongoing projects in Ethiopia and Saudi Arabia. Recently, the company announced that it has been awarded a 100% exploration license for the Konso Critical Metals Area in Ethiopia, a promising area previously explored by major corporations. This development not only enhances KEFI's portfolio but signifies a focused effort to expand its resource base in critical metals, including copper, nickel, and lithium, which are increasingly vital in today’s market.
Financially, KEFI is actively pursuing a capital raise projected to yield up to £10.6 million, with a combination of placing initiatives aimed at funding its multiple projects and addressing existing liabilities. The company is also at a critical juncture with its Tulu Kapi Gold Project, as it has received initial committee approval from banks to increase financing from US$190 million to US$240 million. The strategic review of its joint venture in Saudi Arabia could lead to potential share dilution but is part of a broader strategic alignment to optimize financial outcomes. Overall, KEFI is positioning itself to capitalize on its assets while navigating through diverse funding avenues and operational enhancements in the coming year.
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robjm66, |
How many more false dawns here? |
"ESX is well-equipped to commence trading activities," Wongel told BirrMetrics. "We will start by offering trading in equity securities, fixed income instruments like government bonds and corporate debt, as well as an OTC market for unlisted securities." |
“The Ethiopian Capital Market Authority (ECMA) has officially licensed the Ethiopian Securities Exchange S.C. (ESX), marking a historic milestone in Ethiopia’s economic transformation. This move is a key component of the country’s ongoing efforts to modernize its financial systems and support sustainable economic growth.” |
Thanks for the heads up Gizmohican!! |
Thanks Gizmohican unless the paper can actually provide anything to back up what they said you have to conclude they basically lied by the looks of it or if you are being charitable were misled by "anonymous sources". |
See response from Kefi on their Q@A’s re the reporter article |
Sounds like the Government are getting pi$$ed off with HA's duplicity just like us shareholders. Not quite the rosy relationship HA has been painting over the last year. |
“KEFI is acquiring different licenses without progressing on its existing license. Its aim is to continue raising funds abroad by painting a picture in investors’ minds, as if the company is operating several with licenses at the same time. The company also often uses security threats as an excuse for its non-performance, while the major problem is its lack of finance,” |
Sources told The Reporter the Oromia regional administration has issued a final warning to the mining company, instructing it to fulfill capital requirements and resume activities at its site in Wollega. |
The only talk that matters is the director proving his talk!! |
"Its the same kind of sources that have put out half truths in the past you notice they do not mention that kefi are exiting Saudi to concentrate on Ethiopia as that would not fit their agenda as that demonstrates that kefi will be cashed up and are fully committed to Ethiopia. |
Agree with you about the GM even a virtual one with questions after would have been something. |
Furthermore, the coward should have been prepared to meet and face up to shareholders at a GM convened in the UK, in London, not in his backyard in Sydney for his convenience. |
Rob, |
Still waiting for a ten year backdated check. |
Well I, for one, are not. |
I wonder if Rob and Goatherd are part of this £1.4m pa promotion package from Harry. |
"or they simply miscalculated timescales" |
Lol in out in out shake it all about... Defo trade coming up... |
Do any avatars know if there is an effective vaccine for Stockholm syndrome available? |
‘miscalculated |
I suspect the company were forced into it either by a one of the parties dragging their feet either though bureaucracy or to put the pressure on for a backroom deal. Ifs that the case no way kefi are going to cause embarrassment by advertising the fact now they are going all in, in Ethiopia and any dispute or problem has been settled. |
Type | Ordinary Share |
Share ISIN | GB00BD8GP619 |
Sector | Metal Mining Services |
Bid Price | 0.502 |
Offer Price | 0.514 |
Open | 0.504 |
Shares Traded | 25,071,167 |
Last Trade | 16:35:08 |
Low - High | 0.502 - 0.514 |
Turnover | 0 |
Profit | -7.9M |
EPS - Basic | -0.0011 |
PE Ratio | -4.55 |
Market Cap | 36.22M |
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