Kefi Gold & Copper – signing of equity-ranking royalty to further fund Tulu Kapi project development, Strong Buy

Kefi Gold & Copper (KEFI) has announced the signing of a $20 million equity-ranking-royalty with Chancery Royalty Limited, emphasised as a key part of formally completing the $340 million Tulu Kapi gold project finance package. Although the shares have currently responded up to 1.575p, it suggests further upside potential with the market cap still below £170 million, equating to $232 million.

#KEFI Gold & Copper – signing of $20m equity-ranking-royalty with Chancery Royalty

Have I just cost Harry Adams hundreds of thousands of pounds?

Don’t tell crazy Meg from Bloomberg as she will see this as another example of evil TW ruining someone’s life, but I think that I have cost poor Harry Adams hundreds of thousands of pounds. Let me explain.

Kefi Gold & Copper – “Response to Public Enquiry on GMCO” (eventually!), Buy: near term target increased

Recently on Kefi Gold & Copper (KEFI) we noted that ‘there has also been argued “significant additional value without operational risk and distraction” provided by progress at its Saudi Arabia joint venture’ and, after some ‘enquiring’, there is now a “Response to Public Enquiry” announcement from the company on this venture, GMCO.

UPDATED: Video: Kefi surely an RNS is due if you have a new major partner in Saudi?

What does anyone care about releasing price sensitive information via RNS any more? Watching the video below at c 7 minutes 20 seconds and Harry Adams talks about how Kefi Gold & Copper (KEFI) has a new major company as a partner in Saudi Arabia. Surely one announces such matters via RNS?

#KEFI says debt funding all signed will complete subsidiary funding paperwork beforeend of Febuary, work now underway at TK

Video: Kefi interview

Magna Carta, the deranged loon who told us all last year to sell our shares in Kefi Gold & Copper (KEFI) at 0.45p with a 0p target will be asking nurses at the asylum for extra meds today as the shares reach 1.32p The old fruitcake bleats loudly if we do not run a Kefi piece every day here and as I look at the value of my pension where Kefi is now my second largest holding and feel a warm glow, I note that ‘arry Adams has recorded a video interview.

I'm Buying More Kefi

I have been buying more  Kefi Gold & Copper (KEFI) – one lot ahead of Kefi’s clarification announcement which went down badly with Mr Market, and again afterwards. Here is why.

SP Angel says Kefi Funding Done – ups target price from 3.5p to 4.9p

It is Nomad and broker to Kefi Gold & Copper (KEFI) so it is not independent but it says the funding is secured and SP Angel has changed its numbers (upwards) to account for the recent placing and a higher gold price forecast, in a note out today. It reads:

Kefi Gold & Copper – “Corporate Strategy Review and Update”, BUY (we have!)

Kefi Gold & Copper (KEFI) has issued a “Corporate Strategy Review and Update”-titled announcement including that recently on the Tulu Kapi gold project in Ethiopia it has completed “final project contracting packages, covering all capex as well as over 50% of 7-year opex (via the arrangements for mining services and electricity supply)” and that, “having arranged that the equity capital package includes non-ownership dilutive gold streams and the Kefi EthioPrefs, the required lenders’ approval of the associated detailed documentation is taking place and is expected to be completed shortly”. How does that all compare to the valuation at a 1.20p offer price for the shares, below £130 million market cap?

#KEFI Gold & Copper – ‘Corporate Strategy Review and Update’ including “intend to move the company’s listing to the Main Market of the London Stock Exchange… targeting 2028”

Kefi Gold & Copper – “Tulu Kapi Full Launch Underway and Fundraise”, Buy

Kefi Gold & Copper (KEFI) has announced a fundraise, though this one with also “Tulu Kapi Full Launch Underway”. What does this latest mean relative to a 1.33p share price, £147 million market cap?

The madness of Zak Mir – Brown Envelope man on Kefi

I sense that the FCA enquiry now underway may be getting to him because on an almost daily basis Zak Mir is lashing out at folks who do not take undeclared payments for ramping penny dreadfuls. Yesterday it was twice. Here is his comment on Kefi Gold & Copper (KEFI).

Mr. ‘arry Adams sets the record straight on the Kefi royalty streaming deal

Some folks have speculated that the royalty streaming deal agreed by Kefi Gold & Copper (KEFI) for its Tulu Kapi subsidiary is hugely expensive, perhaps costing almost $500 million. Our hard working executive chairman Mr. ‘arry “the Trougher” Adams has emailed me to put the record straight. Adams writes:

UPDATED: What’s the point of AIM Regulation? No Kefi RNS until 12.19

On Friday Kefi Gold & Copper (KEFI) signed a binding funding package which its partner, Chancery, duly announced in a video on Saturday morning which we publicised HERE. This is clearly massively price sensitive.

BREAKING: Video: Kefi Gold & Copper: It looks like funding IS secured

Natch thus is not announced via an RNS from Kefi Gold & Copper (KEFI) but via a video interview with the CEO of its streaming partner at Tulu Kapi. Either way its great news and as we await my tormentor Magna Carta – who on Friday again predicted that there was no funding – to get up to Wrexham to rice baked through the streets sitting backwards on a donkey, we can all surely celebrate.

Kefi Gold & Copper – “pleased to provide… Tulu Kapi Project Finance and Launch Update”. How ‘pleasing’?...

Kefi Gold & Copper (KEFI) has issued a “Tulu Kapi Project Finance and Launch Update”-titled announcement which it states it “is pleased to provide… on the continuing progress of the company’s high-grade/high-recovery Tulu Kapi Gold Project”. How ‘pleasing’ though is it?

Kefi Gold & Copper – “Tulu Kapi Syndicate Agrees Full Launch by Year-End”, Buy

Kefi Gold & Copper (KEFI) has issued an announcement titled “Tulu Kapi Syndicate Agrees Full Launch by Year-End” which the company states it “is pleased to announce”. But haven’t we heard similar from it before? Well, yes and no.

#KEFI Gold & Copper – “Tulu Kapi Syndicate Agrees Full Launch by Year-End”

Harry Adams your sense of entitlement is nauseating

A kind reader brings my attention to the Kefi Gold & Copper (KEFI) website Q&A section and a comment from last month. Harry Adams your sense of entitlement is nauseating. I remain a loyal shareholder as I regard the shares as very cheap but “Trougher” shames even the low standards of AIM.