Kefi Gold & Copper (KEFI) “is pleased to announce” ‘Oversubscribed Firm Placing to raise approximately £3 million. Conditional Subscription for cash, settlement of debt and accrued fees’ news, with Executive Chairman Harry Adams emphasising “the proceeds will enable us to maximise the value of both Tulu Kapi and Hawiah”...
Earlier we outlined why on fundamentals Kefi Gold & Copper (KEFI) was such a strong buy. But one reader asks 'are the natives not revolting out in Ethiopia?'
Kefi Gold & Copper (KEFI) “is pleased to confirm the recommencement of drilling at the company's Hawiah project in Saudi Arabia, as anticipated following the recent positive Preliminary Economic Assessment” and that “hole HWD-070 intercepted 4.2 metres (estimated true width) of Volcanic Massive Sulphide style of mineralisation at a downhole depth of 557 metres (vertical depth 440 metres). The previous deepest hole into the Camp Lode intercepted copper-zinc- gold-silver mineralisation at vertical depth of 300 metres”...
Kefi (KEFI) never seems to make it easy for we long suffering and loyal shareholders but on balance, the news on how it will fund the Tulu Kapi gold mine in Ethiopia is very good indeed.
Kefi Gold and Copper (KEFI) has announced half-year results, but also more significantly “Hawiah Preliminary Economic Assessment”...
What follows is one third of a special report out on Friday on HotStockRockets. To catch the rest (i.e. the other two stocks), you need to sign up here. Before the weekend, we published this. Tom Winnifrith writes: Okay, let me clarify. These are not necessarily the cheapest in terms of fundamentals vs price although they are cheap indeed. What I hope to show you are the three stocks which on a one month view have the greatest upside based on fundamentals and catalysts for a re-rate, not just hype from Bulletin Board morons.
Loyal and very excited shareholder Tom Winnifrith writes: KEFI Gold and Copper (KEFI), you will note the name change, has announced the maiden Mineral Resource for the Hawiah copper project located in Saudi Arabia. This marks the start of two months which could and should be transformational for Kefi on two fronts and which will, we believe, have the potential to see the shares, now 2p offer, more than double...
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”...
The video interview with Harry Adams is one of the highlights of MineProphets today as you can see HERE. KEFI Minerals (KEFI) has updated on “Positive Developments in Saudi Arabia” for its 34%-owned joint venture. It under-eggs the pudding, this is massive. This refers not to the gold prospect at Jibal Qutman but to the seperate Hawiah copper play.
KEFI Minerals KEFI) has updated on its flagship Tulu Kapi gold project including that prospective Ethiopian private sector investor ANS Mining “has not met the published deadline of 30 June 2020 for making its initial investment”. So why currently a share price rise, back above 1p?...
KEFI Minerals (KEFI) has updated that the joint venture company Tulu Kapi Gold Mines Share “has now signed off all capital expenditure, operating and financing requirements as the final 2020 Tulu Kapi plan. These detailed and comprehensive project updates and revisions were within expectations and show a reduced overall project funding requirement”...
KEFI Minerals (KEFI) has updated further on the ongoing exploration programme at the Hawiah project in Saudi Arabia, emphasising “pleased with the results to date of the drilling… Hawiah already appears to have a more valuable metal content than Tulu Kapi in Ethiopia”...
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...
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?...
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”...
KEFI Minerals (KEFI) has provided a quarterly operational update, including “subscription and shareholder documents are in the process of review by Government departments and ANS syndicate members for execution by the TKGM partners during March”…
KEFI Minerals (KEFI) has announced the passing of all resolutions at the Tulu Kapi gold project’s joint venture (TKGM) General Meeting, and this having “cleared the way for the closing of the ANS equity subscription”…
