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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 |
---|---|---|---|
19/5/2020 10:00 | Thanks Bostanli. On a cursory reading, it seems pretty much as I surmised from the sensible comments. | scrappycat | |
19/5/2020 09:48 | Sorry Jaylett of course mean government. hxxps://www.kefi-min "In addition, the Government and KEFI have agreed changes to their shareholder agreement and the TKGM foundation documents to admit additional Project equity investors into TKGM if required," This permits the triggering of the Project lenders’ formal processes for credit approval and documentation with a view full financial closure in October 2020. “The strengthening gold price and US Dollar exchange rate to Ethiopian Birr have further improved the economics of Tulu Kapi and the robustness of the development to meet the various conventional covenants required by the financing banks. | robjm66 | |
19/5/2020 09:46 | estseon. Indeed, but "as long as" is the key bit. I have seen nothing so far that categorically says they will do so. I doubt he will, but it would be very helpful if HAA could actually clear this piece up tomorrow with a clear and definitive answer. It's by far the most important open question on the whole TK project. | jaylett | |
19/5/2020 09:35 | jaylett As long as the EG stands behind the provision of the project equity, it does not matter if they take the additional interest themselves or find new investors or invest themselves with a view of selling back down to new investors as long as the timetable is not affected and as long as the debt provision is not affected. The tying up of exchange control formalities is a little heartening in that respect. | estseon | |
19/5/2020 09:31 | "Confirmation that the Ethiopian will step in if needed no delay on project closing." Where are you seeing this please? Assume you mean "Ethiopian Government"? | jaylett | |
19/5/2020 09:09 | Quite a lot to chew on. Now be able to hedge the gold, money going to the region rather than the government banks on board recognition of past spending leading to tax rebates on project closing? Confirmation that the Ethiopian will step in if needed no delay on project closing. | robjm66 | |
19/5/2020 08:49 | duplicate - sorry | goatherd | |
19/5/2020 08:48 | EG might not want/need to be a replacement equity partner in this current mix (which they are already instrumental in, as structured). If the replacement equity partner were a SPV with some blurred lines... | bejubiant | |
19/5/2020 08:45 | I seem to remember previous statements mentioning direct or indirect, or something to that affect. | taxlosstone | |
19/5/2020 08:44 | @jaylett - fair enough - that is a LITTLE significant - but all it does is elaborate slightly on the previous RNS regarding the EG stepping in and looking into alternative funding. It does not contain anything concrete, or timescales, so it is the same old fluff and pretty worthless. See a spike in the share price at 08:10? Yup, RNS issued to spike the share price so someone could bail out. | sussexlibran | |
19/5/2020 08:38 | It DOES say that the roads and power contract has been signed by the EG, it just doesn't say when. Previous questions about pictures of said infrastructure are obviously null and void now. Can't picture something not built yet. | cybaajak | |
19/5/2020 08:29 | It does contain something significant, which I've noted above. All the talk has been of the EG happily stepping in to take ANS's place if they don't pay up by the end of June, despite that never actually being explicitly said or promised. Now we have a throwaway paragraph near the end of this RNS stating that KEFI and the EG have agreed to allow replacement equity partners to come in if ANS can't pay up. Why would that be needed if the EG are already the fallback option? Unless, of course, they aren't. More questions than answers, as usual. | jaylett | |
19/5/2020 08:25 | The latest RNS contains nothing significant - it's just more fluff and an attempt to lift the share price a bit so that the crooks can dump a few more shares. | sussexlibran | |
19/5/2020 08:22 | Or downwards as the case may be! | scars | |
19/5/2020 08:02 | If you look back at projects that are doing well or done well,AAU,MaRL,HUM and many more they all had a long slog and often had to go cap in hand to banks for funds,Issue shares But what they did was persevere, anyway onwards and upwards. gla | bostanli | |
19/5/2020 08:00 | Interesting: In addition, the Government and KEFI have agreed changes to their shareholder agreement and the TKGM foundation documents to admit additional Project equity investors into TKGM if required, although both parties are actively collaborating directly with the proposed Project private equity investors to facilitate their subscription as per the closing timetable, set out in the Company announcement of 24 April 2020. KEFI's percentage interest within TKGM remains unaffected. Another shot across the ANS bows, but how does this fit with the EG stepping in? | jaylett | |
19/5/2020 07:47 | I think a lot of people here are staggeringly naive. Mines don't just happen. If you bought in for a quick hit...more fool you. On the other hand, if you have the patience, this is a life changing multi-bagger and the RNS today is a crucial component in how this is all going to come together. That is, unless you are too thick to see it. | molatovkid | |
19/5/2020 07:37 | Loads of naysayers in here still praying for the 'Nay'.....Maybe it's time to see the light my unhappy friends? :-) | shortarm | |
19/5/2020 07:30 | wot was this rns bout? next they be tellin you that cleaners been in and completed all highgene measure with the stat of art surfactints you know wot comin in october not a lot etheopians got no money | fsawatcher | |
19/5/2020 07:14 | Thought Kefi wrote off $60m in debt from the accounts in 2018 ? Oh and more paperwork.. lots of people signing chits of paper, still no money. | cybaajak | |
19/5/2020 07:09 | RNS.....IHWT KEFI Minerals plc Central Bank Approval For Proposed Debt Finance 19/05/2020 7:00am UK Regulatory (RNS & others) Kefi Minerals (LSE:KEFI) Intraday Stock Chart Tuesday 19 May 2020 Click Here for more Kefi Minerals Charts. TIDMKEFI RNS Number : 3178N KEFI Minerals plc 19 May 2020 19 May 2020 KEFI Minerals plc ("KEFI" or the "Company") Approval Received from National Bank of Ethiopia for Proposed Debt Finance Formal Registration of Initial Historic US$49 Million Spend | bostanli | |
18/5/2020 20:38 | I've not been looking at the pattern of buys/sells, but, institutions buy small tranches over a long period to keep a lid on the price...so, not a mass of buyers, probably just one. M | marnewton |
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