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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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Cheers for sharing eddie - would be good to get some coverage here i must say |
I can't even watch him he just has that demeanor about him. Small man syndrome imo |
Would expect months down the line Ethiopia does get some kind of access to the sea but no navel base which they probably did not need anyway. The whole Somaliland recognition thing likely to be sorted in the US. |
chopper harris1 12 Dec '24 - 08:39 - 29628 of 29628 0 0 0 |
The contempt displayed by Adams towards KEFI shareholders is really quite outrageous. |
@donegal - this is a matter for the government and AFC. Kefi cannot reasonably be expected to make formal comments on negotiations between two independent third parties until those parties make a public disclosure on the issue. Whilst there are definitely governance issues at Kefi (like the bonus issue which arose earlier this year), I don't see this as being one of them. |
AFC still not ratified to lend in Ethiopia, the reason why has not been given to us. It's shocking governance. |
A while back the banks actually did not make a last planned visit as they thought there was no need so the statement was reasonable when it was made. So would think it is connected to the fact that the banks plan to loan more money so have to refresh everything and the time that has elapsed more than anything else. |
Uh uh Share consolidation mentioned. 17 to 1 or would he go for 170 to 1 this time round? Gives greater leeway to issue more confetti without compunction, not that it's stopped him in the past. |
this back in Septmber: |
Harry please answer the following questions…. |
Surely you can agree Rob that those responses are nothing short of disgraceful |
Not the same reporter Dud or the same subject. |
Beg pardon, 20 & 21 copied in reverse order due to thumbs! |
rob, International investors, dream on. Just check the sell column! |
Fyi, |
Fyi, |
rob, International investors, dream on. Just check the sell column! |
The reporter paper notice they have not had anything to substantiate their main accusations maybe that's "Usual conjecture without substance." |
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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