Kefi Gold & Copper (KEFI) states that it “is pleased to note a widely publicised request for a permanent ceasefire by the Tigrayan rebel leadership in Ethiopia”, viewing it as a positive development for the country and the company's Tulu Kapi gold project.
Kefi Gold & Copper (KEFI) states that, via its 30%-owned joint venture in Saudi Arabia, it “is pleased to announce positive licencing progress on the Jibal Qutman project, plus the award of two further exploration licences”. So what of a current 0.60p to buy share price?
Kefi Gold & Copper (KEFI) has announced the award of two additional exploration licences on initial five year terms through its 30% joint venture in Saudi Arabia and that “positive progress has been made in discussions with the Deputy Minister for Mineral Resources relating to the Jibal Qutman project - anticipated resolution in the current quarter”, as well as a quarterly 'operational update'. What of the shares having responded up to 0.65p to buy?
As we promised - though naturally, the Bulletin Board geniuses knew better - Kefi Gold & Copper (KEFI) has announced a funding Umbrella Agreement, which sets out a full package, covering historical and budgeted future expenditure. This has helped the shares up more than 33%, to 0.71p.
Kefi Gold & Copper (KEFI) has issued an announcement stating that it notes recent local press reports inaccurately referring to a loss of the company's Tulu Kapi licence in Ethiopia and that it is instead confident of the signing of an umbrella funding agreement by the end of this month.
A reader emails about Kefi Gold & Copper (KEFI): "you see how serious, if true, the situation is? So, don’t suppose you can get a response from HAA, since... without clarity before the markets open, shares will collapse 100%".
Kefi Gold & Copper (KEFI) has served up another update on Saudi Arabia, saying that it is looking to develop Jibal Qutman next year and then Hawiah “shortly afterwards”.
Kefi Gold & Copper (KEFI) has issued an “Ethiopia Development Update”-titled announcement, with Executive Chairman Harry Adams emphasising that the company has significant momentum as it progresses three advanced projects. Then again he recently considered yet another placing ‘pleasing’, so what is the “significant momentum”?
