Keyword results: TKGM

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Kefi Gold & Copper – Tulu Kapi gold project update, a progress to development Buy

Kefi Gold & Copper (KEFI) has made a Tulu Kapi gold project (TKGM) update including that “the Ethiopian Ministry of Mines has allowed until 8 July 2022 for full project financing and launch commitments to be achieved”. So what of a share price still around 0.70p?

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Kefi Gold & Copper – security concerns being resolved, project development launch upside ahead

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.

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KEFI Minerals – on the discounted placing...

KEFI Minerals (KEFI) “has conditionally raised £3.7 million, before expenses, through a placing… at an issue price of 0.65 pence per ordinary share”, with Chairman Harry Adams arguing it “stands KEFI in promising financial shape and highlights the upside offered by its asset base”. But haven’t we heard similar before?...

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KEFI Minerals – shares up on ANS Mining subscription agreement, but looks much more to come

KEFI Minerals (KEFI) “is pleased to advise… the subscription agreement into the project company, Tulu Kapi Gold Mines Share Company was duly executed by ANS Mining Share Company on Sunday 5 January… The existing TKGM shareholders, KEFI and the Ethiopian Government, have also approved the issue of TKGM shares to ANS Mining”. A further step towards a “first modern mine development in Ethiopia”

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KEFI Minerals – shares back on the rise as “Bank Loan Proposal Selected for Infrastructure”…

KEFI Minerals (KEFI) “is pleased to announce that it has selected its preferred project infrastructure finance proposal for the company's Tulu Kapi gold project, being a bank loan based proposal recently received from two leading African banks as underwriters and co-lenders” – and the shares have responded circa 30% higher on the day, to around 1.65p…

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KEFI Minerals – operational update, progress towards the shares sparking

KEFI Minerals (KEFI) has made an operational update, including “the Regional Government is not yet ready to trigger resettlement due to recent changes to its administration and security structure. However, it has stated that it still wants KEFI/TKGM to be ready to do so later in this current quarter”

KEFI Minerals – updates on Ethiopia government situation, its activities continuing unaffected

KEFI Minerals (KEFI) has updated that its “activities have been unaffected as regards its daily interface with the various government agencies and with the community at Tulu Kapi” following the Ethiopian Prime Minister’s recent resignation and the concurrently announced State of Emergency - and that it “believes its finance plans remain unaffected”

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