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KEFI Kefi Gold And Copper Plc

0.592
0.051 (9.43%)
07 May 2024 - Closed
Delayed by 15 minutes
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 Shares Traded Last Trade
  0.051 9.43% 0.592 132,650,655 16:35:17
Bid Price Offer Price High Price Low Price Open Price
0.592 0.60 0.63 0.56 0.578
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Metal Mining Services -6.36M -0.0013 -4.54 29.29M
Last Trade Time Trade Type Trade Size Trade Price Currency
17:08:07 O 1,300,000 0.592 GBX

Kefi Gold And Copper (KEFI) Latest News (3)

Kefi Gold And Copper (KEFI) Discussions and Chat

Kefi Gold And Copper Forums and Chat

Date Time Title Posts
07/5/202416:56Is KEFI about to come good?5,362
07/5/202416:39KEFI the new cycle UP after the placing133
07/5/202416:35Kefi Minerals 2020 and beyond28,288
20/4/202402:46Kefi yet another AIM listed fraud. 95
23/1/202316:04Kefi Minerals-2010 and into the Kingdom of Saudi Arabia64,343

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Kefi Gold And Copper (KEFI) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
16:08:070.591,300,0007,696.00O
15:54:230.581,000,0005,830.00O
15:35:170.599,24054.70UT
15:29:580.60218,8991,313.39AT
15:29:540.60242,6511,455.91AT

Kefi Gold And Copper (KEFI) Top Chat Posts

Top Posts
Posted at 07/5/2024 09:20 by Kefi Gold And Copper Daily Update
Kefi Gold And Copper Plc is listed in the Metal Mining Services sector of the London Stock Exchange with ticker KEFI. The last closing price for Kefi Gold And Copper was 0.54p.
Kefi Gold And Copper currently has 4,965,124,857 shares in issue. The market capitalisation of Kefi Gold And Copper is £29,294,237.
Kefi Gold And Copper has a price to earnings ratio (PE ratio) of -4.54.
This morning KEFI shares opened at 0.58p
Posted at 17/4/2024 09:30 by jaylett
The back catalogue is extraordinary.`One-way ticket to the poor house.

goatherd - 18 Feb 2024
Kefi Minerals 2020 and beyond - KEFI
andysand,

It is not a fiasco. It is a cleverly constructed plan that hit a few unfortunate bumps, and probably underestimated that corruption and inertia that is Africa. But that is behind us, and I say, with a great deal of confidence, that funding will be with us soon. If not this month (which I expect), then soon afterwards.


goatherd - 08 Jan 2024
Kefi Minerals 2020 and beyond - KEFI

Tax Loss,

Not "plucked out of thin air". There is a Kefi webcast on that day. I think it very likely that there will be news before then.


goatherd - 02 Oct 2023
Kefi Minerals 2020 and beyond - KEFI

You are so wrong.

I am entirely confident here. And soon too.


goatherd - 01 Jun 2023
Is KEFI about to come good? - KEFI

But I truly believe Kefi has a great future and, at these prices, it is an unbelievable good buy.


goatherd - 11 Nov 2022
Kefi Minerals 2020 and beyond - KEFI

But, surely, kefi HAS got their funding; as we will learn on Tuesday (or, perhaps, Wednesday).
Posted at 14/4/2024 21:20 by master rsi
KEFI chair says 'stars are aligning' with gold at $2,400 - 12 Apr 2024

KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF) executive chairman Harry Anagnostaras-Adams tells Proactive's Stephen Gunnion that "the stars are aligning" as gold continues to reach record highs as the company prepares to trigger production at its Tulu Kapi gold project in Ethiopia.

Gold at around $2,400 per ounce aligns perfectly with KEFI's plans to commence construction. This historic high in gold prices is expected to greatly enhance the company's net cash flow, with projections reaching around $90 million after expenses, Harry Anagnostaras-Adams said.

In Ethiopia, where production is expected to start within two years, the impact is most immediate and substantial, enhancing project economics significantly. Its Saudi Arabian projects, while further behind, are expected to see similar benefits in the longer term.....more
Posted at 14/4/2024 09:35 by robjm66
Back to kefi unusual that kefi put out a presentation along with a proactive piece guess the have done so as the gold price means the underlying conditions have changed for kefi..

Tulu Kapi Gold Project - NPV at $2,166/oz is 7.8 pence per KEFI share (still does not reflect the current gold price but better)
In-situ value of KEFI’s gold is US$3.6B at today’s spot.

Saudi Arabia Projects - value indicator at $1,500/oz gold-equiv production 1.2p:
(Well not about to start producing from JQ will need DFS done first but when it does start producing gold price could well be a multiple of 1500.)

Continue arranging development financing at level of operating company
Regional Stock Exchange Initiatives for Growth Pipeline (kind of mixed messages here but maybe that is the idea see which country offers the best deal).
Posted at 10/4/2024 13:50 by master rsi
Thanks Douglas
The link working

Kefi Gold and Copper PLC 10 January 2024 - voxmarkets

Significant Progress on Tulu Kapi Gold Project US$320 million Finance Package

KEFI Gold and Copper PLC (AIM: KEFI), an early mover and successful explorer in the highly prospective Arabian Nubian Shield, is pleased to announce that it has received confirmation of conditional final credit committee approval from the lead lender for its "shovel-ready" Ethiopian development project, the high-grade Tulu Kapi Gold Project (the "Project"). This followed the analogous approvals from other key syndicate members including lead contractors and lead equity parties, and the previously reported actions by the Government of Ethiopia ("Government") during 2023. Key Government actions include the previously negotiated and reported exemptions from foreign exchange restrictions, commitments to provide permanent security protection and the approval of additional protections for the lenders for the Project.

The receipt of these conditional approvals is testament to the collaborative and long-standing supportive attitude of Project syndicate parties. The entire US$320 million finance package is designed at the subsidiary level, with syndicate members who know the country and are keen to support in our tightly coordinated and safe manner.

KEFI is now mobilising into the field to prepare the community, so far having briefed church leaders and congregations, and distributed medical treatment for the victims of the recent malaria outbreak, via the Tulu Kapi Charitable Endowment. For good order, the introductory presentation made available to the community has been uploaded to the KEFI website and is accessible via the following link: hxxps://www.kefi-goldandcopper.com/expo-presentation/addis-adaba

In parallel with the social engagement programme, we are preparing detailed definitive documentation for signing between the Project syndicate financiers. Full Project launch, including funding drawdown, is on course for H1 2024, subject to the satisfaction of all the standard conditions precedent for a transaction of this type, independent confirmation that the Project is ready for launch from security and community standpoints, and final board approvals of all parties.

Speaking from the Future Minerals Forum in Saudi Arabia, where KEFI has been the technical partner in the highly successful Gold and Minerals SLA since 2008, Harry Anagnostaras-Adams, Executive Chairman of KEFI Gold and Copper, commented:

"The Ethiopian Government and the lead syndicate members of our high-grade Tulu Kapi Gold Project have been working hard to support our Project launch. The Government has recently made strong commitments including approving country membership (a set of protections for development finance institutions) for both of our Project lenders, deregulation of exchange controls and commitment to the preparation of security and our community. These Government initiatives have played a very important supportive role in allowing the Project to move forward.

"By the end of 2023, we had updated all independent technical due diligence and reaffirmed conditional approvals by all lead members of the Project syndicate, including conditional final credit committee approval of the lead lender. This has now given us the confidence to trigger preparations for Project launch, including progressing the approvals by the other syndicate members, preparing security and community, the readiness of which will be independently assessed, finalising legal documentation and the final board approvals for financial closing by all syndicate members.

"The targeted value-add from Project implementation is many times today's KEFI share price, as illustrated from the various industry-standard valuation benchmarks historically reported in our corporate presentations. KEFI believes these are realistic targets as we successfully implement KEFI's strictly risk-managed development plans, whilst also addressing our highly prospective exploration pipeline in both Ethiopia and Saudi Arabia."
Posted at 30/3/2024 19:24 by robjm66
The boss of Allied gold wants to repeat what he did at Yamana gold and build the operation into a million ounces a year operation and he made that clear in a recent interview. Ivanhoe Electric could scale up their whole Geo side (which is why maaden JVed with them in the first place) and would be easy to combine the two operations.

The wild cards are if kefi got the areas that were over pegged in Ethiopia it would make them a much bigger attraction for Allied as they are thinking the bigger the better. In Saudi probably Artar would not want kefi taken over but cannot see how they could stop it unless they outbid any offer.

Realistically kefi prospects are worth a lot more if broken apart and a bidder could buy out kefi and sell on the pieces it does not want. The main protection in the past has been prospects being too small or mineral prices being to low but kefi are making more discoveries and the copper and gold prices keeps going up.
Posted at 30/3/2024 17:37 by xb6
There is some quite interesting chat about a pending takeover here over on L.S.E and to be honest i think there could be something behind it.These 2 posts caught my eye and worth a read. The timing for a bidder would be excellent IMO


Today - 11.52am

"NickE,i do not think their is much of an overhang left here, as with all AIM placings most was pre-sold anyway long before announced. All i am saying is the recent surge in gold prices will have focussed minds even further on available prized assets and we should standby for fireworks , the TK funding is somewhat of a side issue to a buyer because they would sort their own funding in a heartbeat . That is the risk that the current consortium are running by the delays and will serve them right if the assets are taken from right under their noses by a larger outfit. I am sure Harry will do very well out of it should this takeover happen and still be involved at the sharp end.

Consider this, if Newmont or Allied wanted to assemble some shovel ready assets in both Saudi and Ethiopia what would they need to pay and how long would it take them to do it and reach commerciality levels ? i suspect it would cost them more than 3 times value of Kefi market value and take them 5 years or more just to get all the licences ,drilling permissions,and permits etc let alone be anywhere near producing anything.....we know that both Saudi and Ethiopia are now being eyed by the worlds largest miners for some large investments into the sector in those countries...with a buyout of Kefi than can get right into the action for a fraction of the cost and on a timescale to beneft from the bullish foreseeable gold price.

It is game on here IMO "



Today - 10am

"NickE, in business there is no sentiment mate, it comes down to pure economics ,kefi has prized assets that others want which they would have difficulty and be far more expensive to source elsewhere - that is the bottom line . Harry,s role could be carried over into the new company should that be desired,but the big difference for him would be having the financial resources on tap to fully exploit these fantastic opportunities with that key first mover advantage. Do we think the likes of Newmont or Allied would be interested in taking over Kefi fully ? Of course they would because their other potential routes into both Saudi and Ethiopia would cost them a heck of alot more and take several more years even to get at the stage Kefi are at now.

For those reasons we are a PRIME target right now and we could be on the very cusp of some exciting new developments indeed IMVHO, the market will respond accordingly with the real possibilty of several baggers pending here."



VERY INTERESTING AND FOOD FOR THOUGHT ?
Posted at 26/3/2024 11:43 by robjm66
Start

Harry conducted general meeting motions passed..webinar taking questions after short presentation..

Edit
Presentation slide one companies now in the Arabian shield area industry now arriving by the plane load. Current Priorities slide. government partner spending money now moved onto second bank approval. Approval from large organisations huge companies and government involved. All focused on closing and launching.

Saudi significant rate of expansion Kefi being encouraged by competitive pressure to expand more quickly. Pipeline of projects. Now the company in effect has pulled together partnerships kefi doing things for the first time in a frontier market.

Talks about Npv and how undervalued kefi it is ditto slide comparing kefi to other companies. TK Project economics slide viable at 1200 but shows other values up to and over 2000.

Slide expected milestones walks through milestones 90 percent through as taken as a complete package. “Only when you know both banks approvals are in you back pocket”(open wallet)” closing funds start to get drawdown in correct sequence. Now in the business of closing an optimizing been approached be interested parties now we are close.

Saudi two projects growing, between those project they will dwarf TK financing done at subsidiary level. Regional exploration lots of license areas the third parties wanting to engage and invest in our business.

Questions

Q. Saudi listing?
A. We came to the view they are not ready for a pre production company. Ethiopia asking us to dual list in Ethiopia we think they are read and they have a new stock exchange.

Q. Would you consider to sell off TK to concentrate on Saudi.
A.Not a priority at this time.

Q. Value of assets considering gold price?
A. Covered in presentation capped at a fraction of TK when we bring on the Saudi project plenty of upside.

Q. Binding contracts when?
A. Complete drafting, big meeting then refresh numbers then sign.

Q. Second bank sign off?
A. First bank took longer than we thought called meeting then bank gave it approval in December announced in January second bank in the committee, initial part could be this month and the final part next month.

Q. Recent raise why nor wait longer to raise at higher price?
A. Mismatch with the fine print. What we intended to do was not raise till later but had to clean up the balance for closing.

Q Lack of updates?
A.Company make an average of three Rns per month our a month, 13 since October we announce anything material.

Q Why are we still waiting on second bank?
A. See previous answer bank took longer than expected but we are expecting news from their soon.

Q Slow government pace do they deserve the benefits?
A. The community deserves the benefits.

Q. What hope for long term shareholders?
A. Sector out of favour lost time due to wobbles but upside is huge on frontier markets. Potential twelve times upside with most of the senior people taking their wages in shares we agree that it been elusive so far.

Q.4.3 billion gold why no bigger investors?
A. Companies have rules over market cap that inhibit investment into companies under 100 million market cap.(Think Harry a bit complacent here with Ivanhoe getting license areas around kefis).

Q. Exploration licence areas returned?
A. With the ministry so cannot discuss.

Q In Sauid where will funding come from?
A. Capital will be broken down into segmentsin Saudi six percent after Sidf loan and partner we can bring in more financiers any number of things we kefi are putting up a tiny drop in the bracket.

Q Lowest investment value and how can I invest?
A.(think this question went over Harry and co head and you could hardily expect them to recommend when they thought the company would be at a low point)

Q Why difficulty in getting TK over the line?
A. See previous answers.

Q. Saudi to provide funding for TK?
A. There is enough money in Saudi but no track record of investing in mines Ethiopia. Hot topic may be chance for investment in the future in other mining projects (including kefi projects).

Q. Conditional approval?
A. Everything is conditional from mortgages banks always have conditions.

Q. Sidf loan why not already used?
A. We would not borrow money for exploration (from Saudi?)

Q. Grants funding announced recently in Saudi for exploration areas?
A. We are going through the fine print on that we will see.
Q. Community resettlement when?
A. Responsibility of the government and guided by rules. Complex process. (post launch)

Q. Dividends?
A. Philsopically yes we are for it.

Q. Milestones?
A. Host land survey, final documentation, early earth works commenced. everyone wants to proceed companies pegging around us in KSA and offering us deals wonderful relief piece of cake compared to what it was.

Q. Knowledge and management transfer?
A. More locals involved in business.

Q. What's needed for sign offs?
A. It’s a process.

Q. More delays due to conflict in region?
A. Problem is the place where TK is erratic in out breaks green zone that occasionally flashes red needed government guarantees had to invent another solution that you will see shortly. Likely have a third round of peace talks. Meanwhile will have security. Both government and the rebels want TK to go ahead.

Closing comments.

We are transparent what we are trying to do is communicate, we are natural optimist we get it wrong occasionally. You have the privilege to go in and out of a stock when you want we are restricted but we understand the frustration of shareholders I have given ten years to this project it better bloody well pay off watch this space.
Posted at 24/3/2024 13:10 by chopper harris1
Of course goatherd “pumps”, “ramps”, whichever way the practice is described.

Some of these have been completely outrageous, like the 40p/50p share price predictions. Others have been less direct, like his recent advice to some posters on a number of occasions to close their shorts. That’s still a pump/ramp in my book.

Even if some see it differently, what is beyond dispute is that goatherd has been calling KEFI wrong for years. Anyone influenced by his posts and topping-up on the back of them, have only themselves to blame.

What the buffoon still fails to realise is that he, me and all other genuine KEFI shareholders have had their pants pulled down on numerous occasions by this management and will continue to experience similar until, in my opinion, HAA is ousted or moves aside.
Posted at 20/3/2024 17:43 by robjm66
While Harry may take a less prominent role as kefi expands and transitions to a mid cap producer not likely to leave for a couple of years unless the Kefi parent company is taken over.

You will not get any big shareholder revolt unless Artar or the Ethiopians are unhappy. The Ethiopians know Harry will keep pushing to help get TK and the Ethiopian mining industry off the ground even when most people would have given up and Artar know kefi is the golden goose discovery wise.

However as soon as it looks 100 percent definite that one of the projects will get over the line I would not be surprised if kefi gets taken out due to the disparity between the resources it has and the market cap. Especially with copper and gold prices looking good and in golds case likely to go higher and the recent discoveries added to the ones already made and the big exploration portfolio.

If you really want to get rid of Harry you should be contacting mining companies that might be interested in kefis resources but have not noticed kefi as it has flown under the radar due to its sub 100 million dollars market cap rather than just bad mouthing the companies resources or trying to organise a massive revolt of three or four percent of shares.
Posted at 20/3/2024 13:32 by jaylett
H2-2024
• Commence procurement, community resettlement and construction

That sounds promising regarding community resettlement. Let's consult the archives though, just to be sure:

26 April 2017

KEFI and the Government of Ethiopia have triggered the resettlement arrangements for the Tulu Kapi community.

8 October 2018

KEFI Minerals (AIM: KEFI), the gold and copper exploration and development company with projects in the Kingdom of Saudi Arabia and the Federal Democratic Republic of Ethiopia, is delighted to confirm, in relation to the Company’s Tulu Kapi Gold Project (the “Project”;), that the local, zonal and regional authorities, have confirmed their intention to trigger resettlement of the Tulu Kapi community

30 Jun, 2019

KEFI also said that ANS released US$11.4 million as the first instalment of its US$38 million investment for a 33% stake in Tulu Kapi Gold Mines SC. The amount will be used to kick off community resettlement and other tasks under a two-year development program at Tulu Kapi.

January 7, 2020

“Following first funds flow this month we will commence phase one of the community resettlement, trigger debt implementation and detail the final procurement and contractual arrangements with the principal Project contractors.

October 3, 2022

Resettlement compensation for local residents underway

KEFI Minerals (Ethiopia) Ltd which is expected to launch the Tulu Kapi Gold Project of the Tulu Kapi Gold Mines SC (TKGM) in the coming few weeks, discloses that the formation of endowment will allow the investor to undertake regular and formal corporate social responsibility (CSR) in the investment area and Ethiopia.
Kefi Gold And Copper share price data is direct from the London Stock Exchange

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