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Investor discussions surrounding KEFI (Kefi Gold and Copper Plc) have reflected a blend of skepticism and cautious optimism, particularly regarding the timeline and funding prospects for the Tulu Kapi project in Ethiopia. Key highlights from this period include ongoing uncertainty about financing agreements, with some investors expressing frustration over potential dilutions and delays. One user noted, "It's now dragging on into Q1 2025 at the very least," indicating concerns that timelines are consistently pushed back, fostering an atmosphere of doubt among shareholders.
In terms of recent developments, there have been mentions of positive legislative changes in Ethiopia, which might help with project financing. Robjm66 suggested that these changes could facilitate new banking operations in the country, although many investors remain wary, questioning why significant funding hasn't materialized sooner given the project's potential. Optimistic voices within the discussions assert that funding may yet be secured, with statements like, "I am quite sure they WILL fund," highlighting a still-present hope for progress amidst the challenges.
Overall, investor sentiment appears divided, with some maintaining confidence in the potential of the Tulu Kapi project, while others express frustration with management and a lack of progress. Quotes such as, “it has taken longer is obvious to everyone,” reflect a weary acknowledgment of the drawn-out timeline and the increasing number of shares at stake, leading to feelings of apprehension among investors regarding the company’s future value. The discussions underscore a critical juncture for KEFI, where action in the coming months will be essential to restore confidence and drive investor satisfaction.
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KEFI Gold and Copper Plc has announced significant developments in its operations and financial strategies over the past week. Notably, the company is set to hold a General Meeting on January 2, 2025, following the publication of a Circular and Notice related to its recent capital raise, which aims to raise up to £10.6 million. This capital injection is planned to be allocated toward advancing the company's ongoing projects in Ethiopia and Saudi Arabia, particularly the Tulu Kapi Gold Project, where initial financing discussions have led to increased proposed loan facilities from $190 million to $240 million.
In recent operational achievements, KEFI was awarded a new exploration license for the Konso Critical Metals Area in Ethiopia, indicating a strategic expansion of its mineral exploration portfolio. This area has previously been explored and is noted for its copper and other valuable resources. As the company continues to strengthen its financial position and invest in exploration, the upcoming decisions regarding its joint venture in Saudi Arabia and ongoing project financing at Tulu Kapi are pivotal for its future growth and operational success.
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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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