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KEFI Kefi Gold And Copper Plc

0.57
-0.014 (-2.40%)
11 Oct 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
  -0.014 -2.40% 0.57 17,732,933 16:35:25
Bid Price Offer Price High Price Low Price Open Price
0.572 0.586 0.576 0.572 0.576
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Metal Mining Services -7.9M -0.0013 -4.38 35.39M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:25 UT 1,745,623 0.57 GBX

Kefi Gold And Copper (KEFI) Latest News

Kefi Gold And Copper (KEFI) Discussions and Chat

Kefi Gold And Copper Forums and Chat

Date Time Title Posts
13/10/202410:48Kefi Minerals 2020 and beyond29,031
12/10/202420:59Is KEFI about to come good?6,435
30/9/202409:57Kefi yet another AIM listed fraud. 379
25/9/202414:36KEFI the new cycle UP after the placing201
12/7/202421:23KEFI - The Pigaroo lost it's lipstick again9

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Kefi Gold And Copper (KEFI) Most Recent Trades

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Kefi Gold And Copper (KEFI) Top Chat Posts

Top Posts
Posted at 13/10/2024 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 0.58p.
Kefi Gold And Copper currently has 6,059,089,306 shares in issue. The market capitalisation of Kefi Gold And Copper is £34,536,809.
Kefi Gold And Copper has a price to earnings ratio (PE ratio) of -4.38.
This morning KEFI shares opened at 0.58p
Posted at 12/10/2024 18:11 by randompath
Hmmmm. Seems like someone has got caught out and is trying to reinvent history. Do you want me to post more of your condescending ramptastic posts where you’re flatly disparaging skeptics of HAA and telling them you know better and you’ll single handedly move kefi’s share price up by buying more stock? You realise this is all readily searchable, right? There are A LOT of those posts from your account. You would have thought that for someone like you, who is a self-proclaimed smarty pants, you’d have at least created a separate username so the hypocrisy wasn’t so evident. Then to say you invested based on HAA’s “comments̶1;, well that’s the most asinine investment strategy I’ve ever heard. I’m genuinely sorry for you that you lost so much money that it’s caused you to become so fixated on Kefi In the way you have. I hope you get better.
Posted at 11/10/2024 17:01 by goatherd
Interesting.

Aviator, I see in the fancy "PlusOneCoin" post that you want to know the names of the banks Kefi are dealing with, as you wish to contact them.

I do know the names; but I am reluctant to tell you them as you might well knock Kefi to them. Incidentally there are two, one of which has irrevocably committed, the other verbally.

As Kefi has commenced an "early works" programme (moving inhabitants, building accommodation etc. etc) I can only think Kefi is certain that commitment is on its way.
Posted at 09/10/2024 23:17 by digger2779
Taken from the above article. That's news to me that Kefi have deposited half a billion dollars in an offshore account.

“KEFI could not meet the USD 80 million in requisite financing. The investors have been negotiating with the Ethiopian government to allow the cumulative expenses to be considered as equity. But the government refused. KEFI’s managers claim they deposited half a billion dollars in an offshore account, meanwhile, they say they are still mobilizing resources. KEFI has been saying it has received loans from foreign banks, but they have yet to be disbursed,” said an official at the Ministry of Mines who spoke to The Reporter anonymously.
Posted at 09/10/2024 16:30 by goatherd
Its not "paying for", in fact it is being paid.

The money due to Artar is the Kefi share of the investment being made (mainly the fees to Kefi).

Artar are being generous by not insisting on immediate payment. If they did so insist it could only be met by cash (which we do not have) or by reduction in our share of the project; which started at 40%, but has now crept down to a little over 25%. There appears to be an agreement between Kefi and Artar that it should not go below 25%, if possible.

It is worth remembering that Artar invited Kefi into Saudi Arabia to run their mining interests.
Posted at 09/10/2024 15:58 by tayaramecanici
@katsy, "They owe Arter a lot of cash". During my Q against the 'Dilution' to pay GMCO, The KEFI employee Roger claimed "Maybe the best way to think about this is that unless and until KEFI pays its full contribution to the GMCO JV , then it may be diluted and that is stated in the accounts.

As background, GMCO has spent approximately $100M since its inception."

I thought GMCO is a child of KEFI. Their biz is for exploration work for Artar, for which I believe Artar should be paying GMCO (KEFI). Where would KEFI pay and why for exploration in SA ?
Posted at 19/9/2024 08:23 by shortarm
post by Mafs on LSE - got 27 up ticks.
.
What investors see in the RNS:

- Inspections which are a major part of the sign off are now no longer required whereas before it was.

- All co-lender requests to date have been satisfied and our focus is now on optimising the equity capital segment of the financing. The requests from banks previously were ongoing and were being discussed. This is now done.

What traders and non-investors see in the RNS:

- signed next month repeated again and again

- repatriation of communities repeated again and again

- Final documentation being worked on repeated again and again.

Investors do not look at what remains the same, rather they look at what is changing and has changed whether it is slow or fast makes no difference. If the change is positive then it is a positive update. And of the change is negative then it is a negative update.

Repetition isn't negative if the process to change them is continuing even if its slow.

As an investor, ill be content with realities/RNS's staying the same whilst being worked on by Kefi instead of realities changing for the negative i.e. security getting worse, or Gold suddenly being non-mineable at TK, or a major lender had pulled out, or community doesn't want to be repatriated anymore.

Instead we are getting a continuation of the same reality with good progress.

We will surely reach there, and when we do, all RNS's will be forgotten and the race to predict what multiples this share price will be would ensue.

How many historical examples of of SP' have we had where the chats were negative and the doomsday naysayers were out in dozens... I urge you to go to GGP before they went to double figures and see if you can read the comments. It is similar or worse than Kefi.

With the gigantic rise, everyone forgot those folks and parted with their money.

We are at 0.60p

- with almost 1bn in ground gold value at TK alone

- 1st major bank already signed

- JV with govt and local investors

- Gold price extremely high making 1 year mining capable of repaying entire sign off debt

- Saudi assets bigger than TK, rates top 20 in whole of Saudi Arabia. Plus Saudi Stock Exchange floating of Kefi to reach Arab multimillionaires is a strong possibility

- 350+million finance package in process as the company slowly crosses the t's and dot's the i's.

- significant room for further expansion of resources from all angles.

All this for 0.60p a share? People must actually be insane.

I'll take that any day and everyday.

GLA
Posted at 18/9/2024 07:11 by gizmohican
18 September 2024

KEFI Gold and Copper plc

("KEFI" or the "Company")

Tulu Kapi Operational Update

Early Works Progressing Well

KEFI (AIM: KEFI), the gold and copper exploration and development company focused on the Arabian-Nubian Shield since 2008, is pleased to provide a short operational update encompassing the recent activities with respect to the Company's Tulu Kapi Gold Project ("Tulu Kapi" or the "Project").

Early Works at Tulu Kapi are progressing well, as follows:

· Physical activities:
o Security: all required inspections have now been completed satisfactorily and and no further inspections are required by any of the Tulu Kapi Project funding syndicate members ahead of investment approval. This follows the deployment of government agencies and private contractors. Independent monitoring will continue throughout the life of the Project.
o Local Consultations: conducting a multitude of large and small group briefings and consultations. These have been positively received by the local stakeholders who continue to express their support for the launch of Major Works.
o Community resettlement preparations: layout of a temporary construction camp now involves the compensation of small subset of the land required for the Project, which will assist the understanding and alignment of all stakeholders.

· Financing activities:
o Government has indicated it is ready to provide all ratifications required for detailed definitive documents to be finalised and executed.
o All co-lender requests to date have been satisfied and our focus is now on optimising the equity capital segment of the financing, focusing especially on the Equity Risk Notes investment by co-lenders and local investors.

Harry Anagnostaras-Adams, Executive Chairman of KEFI commented:

"We steadily work through the Early Works programme and preparing for the launch of Major Works. We remain on track for entering into definitive commitments from the funding syndicate next month, enabling financial close and triggering of the Major Works. We are grateful for the support and collaboration being received from the community, government agencies and our Project syndicate.

"And we are lucky that the gold price keeps setting new record highs and Ethiopia has now re-joined the world's top 10 growth countries."
Posted at 17/9/2024 15:37 by robjm66
Avaitor

March

“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.”

“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”), one type for MNC’s with no operations 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. These notes remain repayable in cash from operations or, as a fall-back, in KEFI equity (at KEFI’s election), convertible in year 4 (being year 2 of full production) at the then prevailing KEFI share price.”

“being year 2 of full production” higher gold price now and by the time the mine built means kefi would be able to pay back from mine revenue with no dilution even at a much lower gold price (which I think highly unlikely) they could just borrow the money against future production.

August
“Studies being undertaken to increase processing capacity by a minimum of
20% as we now look to incorporate the addition of underground mine
development, having already set the open pit mining rate at above the
nameplate capacity of the process plant. Studies suggest this increased
capacity can be achieved within existing capex and opex forecasts”

And

“local investors in Equity Risk Notes requested to formally resolve their level of
participation by the end of August 2024 so that other regional investors know
what is available for finalization by them in September” They are actually pushing to invest probably been a delay due to devaluation of the Birr affecting the numbers and kefi wanting to use the reduced capex launch the mine under the mine early.

The local investors will probably include international companies that find it hard to repatriate profits in Birr into dollars.

Snippit from the TW meeting "They are dotting the eyes and crossing the t’s, to the point that there are people currently putting together options for post-finance deals at subsidiary level which may or may not be required depending on local equity subscriptions."

"post-finance deals at subsidiary level which may or may not be required depending on local equity subscriptions." So might actually be some over spill from local Equity subscriptions that would be used for post TK deals.

Thanks for your question Avaitor going back over the detail even more confident that eventually kefi will get there with TK.
Posted at 30/8/2024 10:30 by arlington chetwynd talbott
It is very simple - he comes across as one of those posters making the classic BB mistake of imagining that what he posts (or what others he may disagree with post) can make a difference to the share price. What really matters is always what is happening (or not happening) on the ground. We should never stop looking for clues about that. Any fragment of the real scenario is always worth a lot more than an imagined rosy scenario. Sometimes the disappointing share price is the best clue. Sometimes, particularly in a market like this, folk just need to wait.
Posted at 23/8/2024 16:04 by katsy
That's not true Rob, Harry told the market that there was nothing left to do, all complete back in Sept 2023.

RNS Number : 0809M

Kefi Gold and Copper PLC

12 September 2023

12 September 2023

KEFI Gold and Copper plc

("KEFI" or the "Company")

Tulu Kapi Gold Project Update

Rapid Responses by the Ethiopian Government

KEFI Gold and Copper Plc (AIM: KEFI) is pleased to report a number of important outcomes from last week's Tulu Kapi Gold Project (the "Project") preparation meetings as referenced in the Company's announcement on 5 September 2023:

-- Ethiopian Capital Controls: the National Bank of Ethiopia ("NBE", the Ethiopian Central Bank) proclaimed and published a new NBE Directive on 8 September 2023 which satisfies the requests made to ensure conformity with the specific Project details. This was one of the final action points remaining to enable completion of the Tulu Kapi Project financing package;

-- Other Ethiopian Government confirmations have been received. Formal approval of the updated Environmental and Social Impact Assessment has been received, facilitated by the Ethiopian Ministry of Mines, together with the requested updated completion schedules by the electricity and roads authorities for offsite infrastructure. Only documentation and administrative matters remain
Kefi Gold And Copper share price data is direct from the London Stock Exchange

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