Results: KEFI

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Breaking: Kefi loses its licenses in Ethiopia insist the BB bien pensants - an email from 'arry Adams

A reader emails to say about Kefi Gold & Copper (KEFI) "you’ll see how serious if true the situation is?So don’t suppose you can get a response from HAA since without,the share price will collapse if true that the license has been revoked. Without clarity  before the markets open shares will collapse 100%". The BBs are full of stories about how the Ministry of Mines has revoked 972 licenses including those of Kefi. Let them all wet their knickers and sell. This is getting tedious. Unlike the morons I have communicated with 'arry Adams who is on the ground in Addis and says:

EPIC KEFI
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Kefi Gold & Copper – another placing, the shares are still cheap but Harry Adams is a jerk

Kefi Gold & Copper (KEFI) states that it “is pleased to announce an oversubscribed fundraising to raise gross cash proceeds of £8.0 million… at a price of 0.8 pence per ordinary share”, with also a warrant per two placing shares at an exercise price of 1.6p exercisable for two years. But then it admits “the placing price represents a discount of 25% against the ten-day VWAP to 19 April”. So the stock was handed out cheaply so making the placing oversubscribed. Well done 'arry bloody Adams and team aren't you clever boys?

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