Kefi Gold & Copper (KEFI) states it “is pleased to provide its latest quarterly operational update”. Should it be though with long-suffering shareholders faced with a still below 0.80p share price?
Kefi Gold & Copper (KEFI) has made an “operational update” including that preparations continue for Tulu Kapi gold project launch with focus on satisfying all technical conditions by the end of January and preparing the community and that it is on track to update and upgrade the Mineral Resource Estimate at the Hawiah copper-gold project before the end of this year.
Kefi Gold & Copper (KEFI) has said that the security situation has improved enough for it to re-start preparations for project launch at the Tulu Kapi gold project in Ethiopia. The shares have responded up to 1p to buy but there should be much more to go. Ceteris paribus we see the shares at 3p+ very soon.
Writing on Kefi Gold & Copper (KEFI) last week with the shares down to 1.04p, we noted a media report clarification and concluded that a significant share price spark was likely on TKGM project progress which we expected within weeks. Now a “Tulu Kapi Update” announcement and the shares are currently up to 1.15p.
