Hopefully you heeded our recent views on Kefi Gold & Copper (KEFI) as, though a share price fall to around 0.6p suggested a Tulu Kapi project development recommencement decision would be fraught, we argued otherwise and now there is an RNS announcing a “Recommencement of Development at Tulu Kapi Project” and the shares are currently up to 0.75p.
Even late last night I was being assured by certain esteemed readers of thus website including old Mr. Nuggetty Gold that the Tulu Kapi mine in Ethiopia would NOT be built and that Kefi Gold & Copper (KEFI) where I am a loyal shareholder was a sell at 0.6p. Today an RNS…please line up to apologise…
Kefi Gold & Copper (KEFI) has issued its half-year 2026 results including that following a serious security incident at its Tulu Kapi gold project in Ethiopia “development activities were immediately suspended with a view to resumption in a carefully sequenced manner. Consultations with representatives of the local community and the Ethiopian and Oromia governments, and their respective agencies have reaffirmed support for the project and for the company’s careful approach to resuming development. Principal contractors, lenders and local investors also remain supportive”. So where now for the shares from 0.6p?
On both the ADVFN and LSE Bulletin Boards late afternoon there were postings of what purported to be an “independent broker note”. The company is aware of no note. The claims made in it are demonstrably false at a number of levels. And if you put it into AI it will tell you that it appears fake and is largely AI written. So it’s fake. But it has spooked investors.
The presentation can be seen below and takes into account the awful attack on the Tulu Kapi camp on 4 September. To me it really is a very strong slide deck and reinforces why on a risk reward basis the shares are – at 0.72p - such a strong buy and I am, as you know, buying so drinking my own poison! For me, the key takeaways are:
Natch, folks are panicking after seven armed rebel groups in Ethiopia announced last night that they were forming an alliance to seize power. Before you also panic about the self styled “Alliance for Survival”
Kefi Gold & Copper (KEFI) has issued a further “Tulu Kapi Update… following its announcement on 7 September 2026 regarding the serious security incident”. This includes that in Ethiopia “the Government has committed to do whatever it can to overcome this serious setback”.
I stand by my decision to buy more shares in Kefi Gold & Copper (KEFI) yesterday BECAUSE there was blood on the street. Time will tell whether I was brave and right and following a clear logic or whether I was just a fool. But this morning demands come in by email and I see similar demands on BBs saying that old ‘arry Adams is failing shareholders in mot providing an RNS update. As you know I will criticise ‘arry when I feel it is right to do so but on this matter folks are 100% wrong.
Rothschild was asked why he was buying when there was blood on the streets. He answered that he was buying because there was blood on the streets and that had made everyone panic. My friend and broker, the Dinosaur, and others think I’m foolish. I think I am brave but that my bravery is founded on solid logic. We shall see.
Shares in AIM-listed Kefi (KEFI) are sharply lower today at
just over 0.7p (last seen) after the company announced that there had been a
security incident last Friday which resulted in multiple fatalities amongst
security personnel, community members and a company employee. Project
development has been suspended and drawdowns of project finance have been
deferred for the time being.
Kefi Gold & Copper (KEFI) has announced an appointment of a non-executive director with also that it is “pleased to outline the plan for structuring the board and the board committees”. How ‘pleasing’ is this though really?
AIM-listed Kefi Gold and Copper (KEFI) announced some very good news this morning. Tom Winnifrith has long speculated that Exec Chair ‘Arry Adams would move “upstairs” to a non-exec chairman role with a new CEO appointed, and that his sidekick FD, 176 year old Jon Leach, would be quietly pensioned off. This morning we got confirmation of both. Hooray, hooray – its ticker-tape and party-poppers time! Oh, hang on……
Kefi Gold & Copper (KEFI) has announced a “positive” Preliminary Economic Assessment for a Tulu Kapi underground mine and that it is now to commence detailed development planning for this. With the shares currently slightly higher in response at 1.225p, how “positive” is this latest news from the project in Ethiopia? Very!
I have dropped trougher a note as a loyal shareholder in his company. As gold surges to $4500 and beyond Kefi Gold & Copper (KEFI) shares are only marginally ahead. I make a couple of helpful suggestions to address that point.
Kefi Gold & Copper (KEFI) has issued an “Operational Update” including that its Tulu Kapi gold project in Ethiopia “implementation programme remains on track” and that it is “also advancing development plans for self-funded production growth at Tulu Kapi and in the minority-owned portfolio in Saudi Arabia, and to establish a platform for a portfolio of projects across Ethiopia and the region”. What about those relative to a 1.06p share price, £146.5 million market cap?
Yes it is Lord Ashbourne, otherwise known as the convicted felon Charlie Gibson, writing for paid for researcher Edison on Kefi Gold & Copper (KEFI). This is paid for research so the old rogue is hardly going to say sell but there is some method in his valuations. FWIW my target price on a two year view, on the shares which are now 1.2p, remains 6p so I am not a million miles apart from the blue blooded bearded lunatic.
