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Investor discussions surrounding KEFI (Kefi Gold and Copper Plc) during the week of December 13-20, 2024, reflect a blend of skepticism and cautious optimism regarding the company's future funding prospects and project development timelines. Some investors expressed concerns about the lack of progress in securing funding, with commentary highlighting a potential dilution of shares. For instance, one user noted, "No funding in!!! Wouldn't be so sure about anything apart from the dilution ahead..." Contrastingly, others maintained hopeful sentiments about imminent funding agreements, suggesting that it was an "obvious and essential part of the process," particularly in light of recent legislative changes in Ethiopia aimed at easing foreign investment.
Financially, investor sentiment appears mixed—while some acknowledge the anticipated market value of KEFI's assets, there is a palpable frustration regarding leadership and persistent delays. The mention of unlimited share issuance now totaling 7 billion shares indicates significant concerns about equity dilution impacting shareholder value. However, improvements in regulations for foreign banks in Ethiopia were viewed as potentially beneficial, with a user asserting that these reforms could lead to "a lot closer" funding approval. Overall, while optimism exists regarding project valuation and potential sales, there's a fundamental frustration about timeline reliability, as captured in a poignant remark: "Another step forward but not a seismic moment for the share price."
Investors look ahead with measured expectations, with one noting that "independent certifications of readiness" could signal forthcoming progress, but many remain skeptical that substantial advancements will occur before mid-2025. The landscape suggests that while there are hopes for price recovery and project advancements, uncertainty around leadership effectiveness and market dynamics looms large.
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KEFI Gold and Copper Plc has recently made significant strides in its operations, particularly in Ethiopia and Saudi Arabia. The company announced the award of the Konso Critical Metals exploration license, allowing it 100% ownership of the area, which has shown potential for copper and other critical metals such as nickel and cobalt. Moreover, KEFI has completed a capital raise of up to £10.6 million, including various funding mechanisms to streamline its financial liabilities and bolster its project financing efforts. The general meeting for further shareholder approval related to this capital raise is scheduled for January 2, 2025.
In addition to these developments, KEFI is in the final stages of securing increased bank loan facilities for its flagship Tulu Kapi project, rising from $190 million to $240 million. Preliminary approvals have been granted, and the company is optimistic about finalizing these facilities to support ongoing operations effectively. The continued progress includes ongoing early works at the Tulu Kapi site, with security inspections completed satisfactorily. These developments position KEFI for potential growth and enhance its operational capacity in the burgeoning gold and copper markets in the regions where it operates.
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Usual conjecture without substance. |
Just realised that what with the GM in January to push through another billion shares, there's no way in hell that the finance will come in this year. Lets face it if it did which shareholders would vote for another billion shares at .55p. |
Well was hoping the last one would not happen. Kefi should get money for Saudi prospects and exiting Saudi once that's done should not have any costs from there. So then it just Ethiopia and a listing and projects being funded at project and subsidiary level. |
LSE has always been a crank's paradise, but the comment below really takes the biscuit. I think even goaty would avoid that board for being a bit too rampy. |
7x7 = 497 is the death number. |
Addis Ababa December 10/2024 (ENA)—Prime Minister Abiy Ahmed revealed that Ethiopia’s gold mining industry stands out as a significant driver of growth, presenting immense potential for both local and international investment. |
Round 4 tomorrow |
actually even when dads make mistakes or even lie.... their kids call him out and tell him to stop it. harry is more than their dad, he's their saviour. |
Yep it's painful. |
It's actually painful following this story, and I've never held ROFLMFAO... but Harry really takes the biscuit, or the entire McVities factory ROFLMFAO |
0.491 to sell! |
Katsy, |
Dudishes9 Dec '24 - 12:56 - 6961 of 6961 Edit |
rob, Takele Uma (Ex MOM, now railways etc...),actually a more important job! |
Takele Uma got booted from his job and had to spend some time in the political wilderness and you do not need to be a genius to work out why. |
monte1, perception? Nah, brutal truth. |
Hmmm |
robjm66, |
robjm66, |
Type | Ordinary Share |
Share ISIN | GB00BD8GP619 |
Sector | Metal Mining Services |
Bid Price | 0.492 |
Offer Price | 0.499 |
Open | 0.492 |
Shares Traded | 15,434,686 |
Last Trade | 10:10:15 |
Low - High | 0.492 - 0.499 |
Turnover | 0 |
Profit | -7.9M |
EPS - Basic | -0.0011 |
PE Ratio | -4.55 |
Market Cap | 34.92M |
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