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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Kefi Gold And Copper Plc | LSE:KEFI | London | Ordinary Share | GB00BD8GP619 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.006 | 0.84% | 0.722 | 0.722 | 0.738 | 0.75 | 0.722 | 0.75 | 31,177,207 | 16:35:25 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Metal Mining Services | 0 | -6.36M | -0.0013 | -5.62 | 36.25M |
Date | Subject | Author | Discuss |
---|---|---|---|
25/3/2024 12:54 | Kefi appears to be getting Ethiopia to re-write its exchange control rules. | estseon | |
25/3/2024 11:55 | It a pretty detailed update that covers a lot that why there is a fair bit to digest but it will be walked through tomorrow and anything not covered people have had the opportunity to ask about. | robjm66 | |
25/3/2024 11:48 | Another word salad for us to digest. Suppose TW will have a positive spin and will recommend STRONG BUY. | digger2779 | |
25/3/2024 10:47 | You are just upset because Janine pushed you off a cliff but thank you for your in depth and erudite analysis. | robjm66 | |
25/3/2024 10:20 | "All syndicate members have agreed a schedule for all remaining pre-launch tasks including their respective formal approvals ahead of full financial close mid-2024." "I can also advise the Company has received confirmation from the co-lender Africa Finance Corporation ("AFC") that its approval processes are underway and progressing well for its-intended US$95 million investment, which would provide the balance of the required funding for Project launch." "Establishment and deepening of operational banking support and working capital sources: · Ethiopia's largest bank, the Government-owned Commercial Bank of Ethiopia, has established onshore Ethiopian BIRR and US Dollar Project operating accounts and is engaging on providing various working capital facilities as we advance; · Ethiopia's largest non-Government bank, Awash Bank, has done likewise and has also approved a working capital facility for TKGM. It will initially be drawn to Ethiopian BIRR 35 million (approximately £480,000) and can expand as the launch proceeds; and · A major international bank, Citibank, is in discussions about opening the offshore operating accounts in London, in accordance with the foreign exchange exemptions granted by the central bank, the National Bank of Ethiopia." Do not think all those banking arrangement would be happening unless the consortium were confident of the second bank board and credit approvals. | robjm66 | |
25/3/2024 09:41 | You are on the wrong thread then. “A positive development is that recent regulatory changes have facilitated the improvement to the equity funding structure which has lowered overall finance costs. The regulatory changes of note were the foreign exchange exemptions, the increase in the maximum permissible ratio of debt to equity from 70:30 to 80:20 and the deeming as foreign direct investment the re-investment of the local currency (Ethiopian BIRR) retained earnings of multi-national corporations (“MNC”) into new business sectors.” In an effort to attract more foreign capital, Ethiopia will now allow foreign investors to own property for the first time. Prime Minister Abiy Ahmed (PhD) announced the loosening of property ownership laws during a meeting with investors on March 22, 2024. While Ethiopians and the Ethiopian diaspora have long been allowed to purchase property, foreigners were previously restricted unless investing in approved commercial projects. But PM Abiy said foreigners will now be permitted ownership rights without such obligations. | robjm66 | |
25/3/2024 09:17 | It offers far more value than this moribund failed venture. | barry evans | |
25/3/2024 09:05 | This Fraud laid bear in every RNS. Lets see what conditional unconditional president supplementary adversary committee approval financial annuity commercial word soup of an RNS he comes up as the next can kicker in mid-2024. | katsy | |
25/3/2024 09:04 | Not really the official thread anymore maybe entertainment only apart from Aviator on Bitcoin vs gold worth listening to even if you do not agree. | robjm66 | |
25/3/2024 08:34 | If you have any questions for investor meet and have not sent them in already get them in now. Investor meet Questions Questions can be pre-submitted until 09:00 on Mon, 25 Mar. You may also have the opportunity to ask questions whilst attending the live presentation. | robjm66 | |
25/3/2024 08:05 | “Our modelling and production profile for this high-grade open pit gold mine, based on a gold price of US$1,864/oz (versus current spot of US$2,170/oz), shows sufficient cash will have been generated at the proposed time of repayment to repay these ERN in cash at the time they fall due,” said Anagnostaras-Adams. He said the company has also received confirmation from the co-lender, Africa Finance Corporation, that its approval processes are “underway and progressing well” for its-intended US$95 million investment, which would provide the balance of the required funding for project launch. | robjm66 | |
25/3/2024 07:58 | I suspect that I am not the only avatar wondering if robjm66 is ok. | monte1 | |
25/3/2024 07:57 | Its another board approval on good terms with other boards approvals shareholders at least should like it. Not sure what a unconditional conditions are. | robjm66 | |
25/3/2024 07:56 | Do you not get the sense that we are 1/2 way there, next month will be 3/4 of the way there, the following month 7/8 of the way there, the month after that 15/16 of the way there and so on and on forever? | arlington chetwynd talbott | |
25/3/2024 07:53 | They state formal approval from the main bank, not mentioning if its conditional/uncondit the conditions attached. The webinar will interesting. | blue square | |
25/3/2024 07:50 | The 'kicker'? It is just words, Rob. The same words they've been feeding you for the last five years. You can go back and read almost identical sentences in every RNS. You simply refuse to acknowledge it. | jaylett | |
25/3/2024 07:40 | multi-national corporations ("MNC") into new business sectors. Within the development capital budget of US$320 million, US$100 million was to be provided through the issuance of two types of Equity Risk Notes ("ERN"), The Company can confirm a longstanding and large MNC investor in the ERN has now received initial board approvals. All syndicate members have agreed a schedule for all remaining pre-launch tasks including their respective formal approvals ahead of full financial close mid-2024. "I am delighted to report the initial board approval of a major local equity-capital provider. "I can also advise the Company has received confirmation from the co-lender Africa Finance Corporation ("AFC") that its approval processes are underway and progressing well for its-intended US$95 million investment, which would provide the balance of the required funding for Project launch. "All syndicate members are supportive and are working to ensure final documentation is entered into by mid-2024 to enable full Project launch and drawdown of funds. I look forward to providing further updates as appropriate." Basically another board approval and the second bank approval is on its way the other board approval is on better terms as well in Ethiopia and another lower-cost ERN for those with accumulated retained earnings in Ethiopian operations. The Company is pleased to report that it can now focus on the lower-cost ERN - fixed at 12% per annum. plus lots of detail and the kicker Conditions Precedent to Signing Definitive Detailed Formal Agreements ("Detailed Documentation"): · The aforementioned processes are designed to be progressed by the end of May 2024 to the stage that warrants signing of Detailed Documentation between all syndicate members; Which means more board approvals between now and then. | robjm66 | |
25/3/2024 07:38 | RNS. As ever, this remains about 2 months away. Reminds me of Xeno's paradox with the tortoise and the arrow. | exiledweegie | |
25/3/2024 07:34 | Are we nearly there yet? | arlington chetwynd talbott | |
25/3/2024 07:28 | 13th February: "The Company can now report that all the other parties in the funding syndicate, have advised they will this month go to their respective committees to approve the proposed transaction." 25th March: "All syndicate members have agreed a schedule for all remaining pre-launch tasks including their respective formal approvals ahead of full financial close mid-2024." Did they have no idea in February that the approval process would take four more months? The wording is fairly definitive, "to approve the transaction". Did Kefi genuinely have no idea what the process entailed and simply guessed approvals would happen? Or did they flat out lie once again, to get the placing away? Or are the Africans just leading Harry down the garden path? | jaylett |
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