Keyword results: Tulu Kapi gold project

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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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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 – quarterly update, potential catalysts ahead

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?

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Kefi Gold & Copper – operational update, Ethiopia and Saudi Arabia project catalysts ahoy

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.

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Kefi Gold & Copper – shares up on Tulu Kapi funding announcement. How positive is it?

A Tulu Kapi funding announcement from Kefi Gold & Copper (KEFI) has helped the shares slightly higher. Positive then, but that the shares remain below the 2.375p of as recently as April tells it is not completely so.

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Kefi Gold & Copper – Ethiopia election operational update, Buy

Kefi Gold & Copper (KEFI“is pleased to provide an operational update”, but the shares are currently relatively flatlining at 1.85p so what’s the news?

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Kefi Gold and Copper – interims but more significantly Hawiah Preliminary Economic Assessment...

Kefi Gold and Copper (KEFI) has announced half-year results, but also more significantly “Hawiah Preliminary Economic Assessment”…

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KEFI Minerals – “Q2 2020 Operational Update”, remains a buy...

KEFI Minerals (KEFI“is pleased to provide its latest quarterly operational update”. This is with the update including on its current flagship Tulu Kapi gold project in Ethiopia, “we have received significant interest to potentially provide the outstanding asset level equity and other forms of duly subordinated investment. Our discussions are progressing with Ethiopian investors and international specialist mining financiers, with the aim of securing the required project equity ahead of closing the full financing package in October 2020” and then also “we are also encouraged by the recent approval by the Saudi Cabinet of a new mining investment law, which is a very positive development for our two other advanced projects - Hawiah (copper-gold) and Jibal Qutman (gold) projects in Saudi Arabia”

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KEFI Minerals – significant National Bank of Ethiopia approvals, remains a buy

KEFI Minerals (KEFI) has updated its investors with news including that it “is pleased to advise that the National Bank of Ethiopia, Ethiopia's central bank, has now approved the signed term sheets with the project finance banks who are expected to provide the long term development debt finance to the company's Tulu Kapi Gold Project” and “received confirmation that the National Bank of Ethiopia has now registered the past investment in the project”. These are significant steps...

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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 – Tulu Kapi update including “an important new development”...

KEFI Minerals (KEFI) has updated including “despite the need to adjust and reschedule many tasks due to COVID-19, the company remains focused on the preparations and finance milestones to enable major site activities to start at Tulu Kapi from October”, with it also noting “an important new development”...

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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 – after recently soaring, Tulu Kapi project update sees shares lower BUT…

KEFI Minerals (KEFI) has updated on the Tulu Kapi gold project including of a launch ceremony at the Second International Ethiopian Mining Conference and Exhibition and “the project's 24-month development schedule is expected to start in January 2020 and the project consortium action plan has now been agreed”

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KEFI Minerals – following recent positive progress in Saudi Arabia, now Ethiopia update...

KEFI Minerals (KEFI) has updated confirming “receipt… of all the Government permits and independent consultants reports required for closing the project equity financing and triggering the development of the project. The only outstanding matter now is for the Ethiopian Government to resolve certain internal administrative matters”

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KEFI Minerals – restructures loan facility to provide greater flexibility as Tulu Kapi progresses

KEFI Minerals (KEFI) “is pleased to announce a restructuring of its working capital convertible loan facility… in order to provide greater flexibility to the company by removing the existing security charges over assets and extending the loan maturity dates”

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KEFI Minerals – Central Bank approval for project finance package, remains a Buy

An intra-day announcement typically is not good news but that’s not the case for one made at a 12:27pm from KEFI Minerals (KEFI)…

KEFI Minerals – financing, permitting & on-the-ground progress, remains a buy

A General Meeting update from KEFI Minerals (KEFI), including detailing progress which sees “the development plan for the company's Tulu Kapi Gold Project in Ethiopia remains on schedule to start in January”

KEFI Minerals – Tulu Kapi update, positive regulatory consent news “in the coming weeks”?

KEFI Minerals (KEFI) has updated on the Tulu Kapi gold project in Ethiopia – including of a programme of works following “advice the company has received from the Ethiopian Federal and Regional Government agencies that the handful of remaining regulatory consents required for triggering the project are expected to be provided in the coming weeks”

Kefi - comment on Government changes

While we have to soldier on with the useless Mrs May as our Prime Minister out in Ethiopia - where Kefi (KEFI) has its flagship Tulu Kapi gold project - a new chap, Dr Abiy Ahmed, took charge on April 2. Since then there have been various appointments of new Ministers and, as of Friday of last week, new State Ministers (Deputy Ministers). Kefi has updated that it has been in touch with all the new chaps...

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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