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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.03 | 4.41% | 0.71 | 0.712 | 0.736 | 0.732 | 0.67 | 0.70 | 96,643,985 | 16:35:21 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Metal Mining Services | 0 | -6.36M | -0.0013 | -5.46 | 35.25M |
Date | Subject | Author | Discuss |
---|---|---|---|
11/6/2020 13:13 | Hi JLWilliams 24/4/20 announcement stated .. "the Government has now also advised both KEFI and ANS Mining that it will this quarter look to arrange either direct or indirect funding into TKGM from its investment institutions for the required amounts if there is any further delay in investment via ANS Mining;" So they should already be working on it. TTT | tim_the_trout2 | |
11/6/2020 12:54 | Going back to when we first heard that EG would step in if ANS doesnt cough up... I rather got the impression that they would only start to work on that at the point when ANS are ruled out, ie end June. So EG could take quite a while to organise the extra. Am I wrong? | jlwilliams | |
11/6/2020 11:51 | Chopper doubt kefi are not going to try to get TK up and running but think its out of their hands now and down to the Ethiopians. Would say its more like a one month crucial period as when Kefi gets the first tranche its likely to get all the rest and the African bank backing. | robjm66 | |
11/6/2020 11:44 | A stressful time, chopper, but let's try to hold on in hope. | estseon | |
11/6/2020 11:29 | rob, Let's try and get this TK "company maker" up and running first, eh? At the moment the Saudi assets, which are essentially "jam the day after the day after tomorrow", are a complete distraction from the current 'main event'. We are now in a crucial five month period for KEFI's development. If we reach the end of October and the TK situation is in the same position, financially, logistically and operationally, as it is today, then we might as well forget about anything else. | chopper harris1 | |
11/6/2020 10:41 | Because we've just had 100s of millions of new shares issued at 0.65p! There has actally been plenty of buying since the placing, but any rise will be suppressed until those placees selling to make a quick turn are out...Although it's frustrating, I'm actually surprised we haven't dropped further. As always with this share, patience is key... | matthew stone | |
11/6/2020 10:21 | If the EG has given assurances that ANS' part of the funding will be covered in the event they don't pay up,why is the shareprice not reacting in the way it should?? | peverill | |
11/6/2020 10:16 | Hawiah looks bigger than TK and harry said it was another company maker on its own thats before you add in other prospects like Jibal Qutman or licence applications. Makes a change talking about the KSA prospects an area where a lot of Lths got into kefi in the first place. With TK not going to run out of “are we there yet” posts till we are hopefully there :-) | robjm66 | |
11/6/2020 08:57 | Saudi Arabia is the most corrupt country in the world when it comes to business Great fit for KEFI then! | outlawinvestor | |
11/6/2020 08:50 | Gibrewog, where have you been for the last 40 years?:) | neilng | |
11/6/2020 08:01 | A very interesting programme on television last night suggesting that Saudi Arabia is the most corrupt country in the world when it comes to business. It will be interesting doing business there in the future if we ever obtain the finance. It would appear that some of the backhanders in the defence/aerospace deals were absolutely huge and investigation by the serious fraud team were eventually dropped for the benefit of retaining good relationships with the Saudis. | gibrewog | |
10/6/2020 17:05 | hxxps://simplywall.s | robjm66 | |
10/6/2020 16:54 | Thanks Estseon. Could hedge future production at Jibal Qutman (or Hawiah) to get finance from an international bank or KSA bank as they would probably be less reluctant to finance a mine in KSA than financing a mine in Ethiopia. The new ministry is pretty new so to have a new mining law this quick suggests they are in a hurry. | robjm66 | |
10/6/2020 15:58 | The prospects, for oil as a fuel, have diminished markedly in recent times, and its future for that use is very questionable. The Saudis are well aware of this, and appear to be seeking a quick solution to the problem. I doubt they will hang around when licences/funding are applied for. They have the money, and the business acumen to control things. | scrappycat | |
10/6/2020 15:36 | Saudi mine finance. If the Saudis provide debt finance of 75%, the maximum required of Kefi is about 8% because of its diluted stake. However, the weathered near surface gold could be harvested first and that would provide cash towards the initial open pit copper/zinc mine. So, the amount of capital that Kefi would have to find might be relatively little. That would not be before commencement of production at TK and Kefi's share price would reflect the value of that operation. However fast Kefi progresses the exploration of Hawiah, there needs to be a DFS and then a successful mining application. | estseon | |
10/6/2020 15:23 | jaylett, The EG would not hand over a stake in anything, if the Saudis provide debt financing for the development of the Saudi mine. As far as I am aware, it was never part of the plot that the EG would provide funding for that. My understanding, is that Kefi planned to finance the Saudi project from the earnings generated by TKGM. A loan from the Saudis could be secured against the JORC established by Kefi that relates to the Saudi project, not Kefi as a whole. No doubt someone will correct me, if I am wrong. | scrappycat | |
10/6/2020 14:32 | In theory, but I doubt very much if the Ethiopian Government would want to hand over a stake in their biggest export generator to another State. They'd look like a proper tin pot outfit if Saudi had to pay to finance a key industry sector. It's either going to be alternative local financing, or the EG. The question is who, and more importantly, how long. | jaylett | |
10/6/2020 12:22 | from robjm66 4086.."while ventures outside the country that have Saudi investors are now eligible to apply for funding".. So. Theoretically.. Artar are partners with Kefi.. who have a stalled project in Ethiopia.. could apply to Saudi Industrial Development Fund for a slice of funding to get TKGM going. Yes/No/Discuss ? | cybaajak | |
10/6/2020 11:54 | Little wonder that Harry is trying to get a JORC assessment for the SA prospect asap. At this rate, the SA mine could be operational before TKGM | scrappycat | |
10/6/2020 11:38 | Nearly Tiffin o clock for H Houdini | fart_conductor | |
10/6/2020 10:50 | Just over a month ago, the kingdom also expanded the mandate of its $28-billion Saudi Industrial Development Fund to allow the financing of energy, logistics and mining projects. Previously, the fund only provided financing to local manufacturing businesses. The changes allow companies to apply for financing options such as multi-purpose term loans and acquisition financing, while ventures outside the country that have Saudi investors are now eligible to apply for funding. | robjm66 | |
10/6/2020 10:44 | Industry and Mineral Resources Minister Bandar Alkhorayef | robjm66 | |
10/6/2020 10:39 | Estseon Indeed I do. "A: Not an accurate comment and a bit garbled". In fact it proved to be the exact opposite of those two things, being both very accurate and easy to understand. You would hope that KEFI would know their trusted and valued partners better than some journalist, but clearly that's not the case. "Not an accurate comment and a bit garbled" would be better applied to most of Harry's communications, in my opinion. | jaylett |
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