Kefi Gold & Copper (LSE:KEFI), a gold and copper mine developer with projects in Ethiopia and Saudi Arabia is a company whose shares we think could double by Christmas and here is why.
Kefi Gold & Copper (KEFI) has announced that it “is extremely pleased to note the announcement of a permanent end to hostilities in Northern Ethiopia and expresses its determination to do whatever is possible within its business mandate to contribute to the economic recovery plans set by the Ethiopian Government”. We suggest the news bodes very well for near-term progress of the Tulu Kapi gold project for the company.
Kefi Gold & Copper (KEFI) has issued a “Significant Progress in Ethiopia”-titled announcement and the shares have currently responded up to 0.62p. They have not responded further higher (yet) since there are some short-term negatives in the announcement too, but overall there is still progress towards what we consider will be significant share price catalysts in the near-term.
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”?
Kefi Gold & Copper (KEFI) has announced calendar year 2021 results and emphasises now a “focus on a sequential development path to build a mid-tier mining company with aggregate annual production of 365,000 ounces of gold and gold equivalent, in which KEFI will have a beneficial interest of 187,000 ounces of gold and gold equivalent”.
Kefi Gold & Copper (KEFI) has announced recent advancement toward multi-party financing, as well as further development of the Tulu Kapi gold project in Ethiopia.
Kefi Gold and Copper (KEFI) has announced further drill results and news from Saudi Arabia.
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?
