KEFI Minerals – Q2 2019 operational update, shares remain a Buy

A “Q2 2019 Operational Update” from KEFI Minerals (KEFI) includes on its key Tulu Kapi gold project in Ethiopia that recent incidents have “necessitated the activation of strong measures and checks at site before commencement of resettlement activities along with the commissioning of an updated independent security report prior to the equity closing and then the triggering of community resettlement” but also “KEFI remains confident that the evaluation will not have changed from similar previous independent assessments and that the project equity closings can complete this quarter and the overall project timeline will remain unaffected”…

KEFI Minerals – update reinforces some risks, but the upside potential remains

KEFI Minerals (KEFI) has updated following “recent media commentary relating to a localised foiled coup attempt in one of Ethiopia's nine regions” and that, after consultations with the community, the authorities and our Ethiopian partners, it “has informed the authorities of the plan to proceed with the first stages of development upon the completion of agreed preparations with the local community and Government administration”…

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 at 1.53p worth 8.53p claims convicted felon Champagne Charlie Gibson

After news last week there is no doubt in my mind that Kefi Minerals (KEFI) really is very cheap. And so I present a note explianing why. Two caveats. 1. It is published by Edison which is paid to push this out so is hardly impartial. 2 The author is my old pal the convicted felon Champagne Charlie Gibson. To his credit, when not getting sozzled before driving home in his motor to go cuffing members of the working classes, Charlie does actually know a bit about mining. The note is below.

UK Investor Show video – KEFI Minerals (#KEFI)

KEFI Minerals – Q1 2019 Operational Update… milestones on the horizon: BUY

KEFI Minerals (KEFI) has updated on the first quarter of 2019 – including emphasising Prime Ministerial go-ahead for the Tulu Kapi gold project in Ethiopia and that the Regional Government has begun triggering the consecutive steps of the resettlement programme…

Kefi – another project update: BUY

KEFI Minerals (KEFI) has yet another update for us on its Tulu Kapi gold project in Ethiopia. We know this process does seem to be taking an eternity. But progress is being made.

KEFI Minerals – placing as intention to trigger Tulu Kapi at end of current quarter reinforced: BUY

KEFI Minerals (KEFI) has announced both meetings this month including the Ethiopian Government saw intention to trigger Tulu Kapi project development at the end of the current quarter reinforced and a placing <em>“to fund current working capital of both KEFI and the project”...

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 – Tulu Kapi progress update, Getting There…BUY

KEFI Minerals (KEFI) has updated on progress towards the development of its Tulu Kapi gold project, with MD Harry Anagnostaras-Adams “delighted with the significant progress we have made this month”…he is right!

KEFI Minerals – shares slightly lower on Tulu Kapi project update, BUT…

KEFI Minerals (KEFI) states it “is pleased to provide” an update on the Tulu Kapi gold project, but then includes that “whilst the Government has provided a number of formal consents, at the date of this update there are a number of others that whilst having been verbally agreed, are still subject to processing formalities and thus the agreed deadlines have been extended to end January 2019”. Hmmm...

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 Minerals – “pleased to report” exploration developments, but also a new financing?

KEFI Minerals (KEFI) is pleased to report proposed Ethiopian exploration area expansion, the formal renewal of the Hawiah exploration licence in Saudi Arabia but also “a term sheet for a £2 million (plus an optional second £2 million) secured working capital loan facility”…

#KEFI Minerals – conditional, up to £4m, part-convertible, loan facility

Kefi – Good news from Ethiopia

We noted in our last update that the last piece of the Tulu Kapi jigsaw was getting Government agreement on resettling some natives so that mine construction could go ahead. The good news is that the locals want to be paid to relocate. That piece of the jigsaw is now in place.

#KEFI Minerals – authorities to trigger Tulu Kapi community resettlement asap, with 1st Jan 2019 target date

Kefi – Great news from Ethiopia

Kefi Minerals (KEFI) has announced that, as per the RNS of August 24, it has now signed a binding deal with ANS Mining Share Company which will see ANS invest $30 million for a 23% stake in the Tulu Kapi project (not the PLC). Another $8 million could see that stake go to 29%...

Kefi – another small step forward: BUY

We shareholders in Kefi (KEFI) are suffering an unusual torture, that is to say we can see the prize, a final go ahead for the Tulu Kapi gold mine in Ethiopia almost within our reach but just as we extend our hands there seems to be another delay. But the big last piece of the jigsaw (confirmation of project funding) is almost upon us so in the meantime we have to be content with minor titbits.

#KEFI Minerals – key government consents received for Tulu Kapi development and finance