Sadly I shall be sipping a cold ouzo by the pool at the Greek Hovel on July 17 so I cannot attend the AGM of Kefi Gold and Copper (KEFI) to vent my anger at the industrial scale greed of Harry Adams. But...
Kefi Gold & Copper (KEFI) states that it “is pleased to announce its audited financial results for the year ended 31 December 2024”, in which its key focus has been on progressing to development of the Tulu Kapi project in Ethiopia. It states that it is “now very close to completing this process”, but the financial management here has been far from ‘pleasing’ for shareholders.
Perhaps change is afoot. My anger at the incompetence, greed and, frankly, dishonesty of too many AIM and Small Cap boards is, it seems, far from unique. The peasants are stirring and may be revolting. First up is Kefi Gold & Copper (KEFI)where folks on the Telegram Group say that have 5% of the equity prepared to call an EGM.
I said that I would not write about Kefi Gold & Copper (KEFI) again but I do so in sheer anger at Harry Adams, his wanker of a COO who will get a cash bonus of £300,000 just for doing his job for £300,000 and the company’s parasite advisors. The cash to fund corporate largesse will come from yet another placing announced today. Just like WW1 was the war to end all wars, the previous £10.6 million placing just six months ago was meant to be the last one, the placing to end all placings.
Steve Moore writes: Kefi Gold & Copper (KEFI), after some prompting, is now also “pleased to report” that the Ethiopian Parliament has formally ratified ‘Ethiopian Country Membership’ for Africa Finance Corporation. This is significant for Kefi as Africa Finance Corporation is a prospective co-lender for its Tulu Kapi gold project and the membership was a critical condition precedent for its participation. So what does this latest mean for the Tulu Kapi project financing process?
Normally Kefi Gold & Copper (KEFI) issues an RNS if its CEO belches after a good meal but today it is silent when there is clearly massively good news. Why?
Steve Moore writes: Kefi Gold & Copper (KEFI) has announced that it “is pleased to report that the Ethiopian Council of Ministers has formally approved Ethiopian Country Membership for Africa Finance Corporation”. How significant is this news for Kefi?
The tweet is genuine and reads:
Of course, Lord Ashbourne, a man who increasingly resembles your local Green Party candidate for council, and whose days of giving a plebian Policeman a dam good thrashing after a spot of drink driving are behind him, is paid, by Edison, to be bullish about its clients. But the villainous aristocrat is not a total idiot and his numbers on Kefi Gold & Copper (KEFI) are not plucked from thin air. See what you think about his 10.6p longer term target. Enjoy
Steve Moore writes: Kefi Gold & Copper (KEFI) has announced that an experienced mining services business has joined to complete the Tulu Kapi project syndicate with “inclusion in the project funding syndicate”. With shares in Kefi currently responding 6% higher to 0.525p, how good is the news?
Investment hooker Proactive has recorded a video with Harry Adams of Kefi Gold & Copper (KEFI). In terms of getting Tulu Kapi underway Adams repeatedly says they are "there or thereabouts." How do you define that? Enjoy.
Steve Moore writes: Kefi Gold & Copper (KEFI) has issued a “Corporate Update”-titled announcement headlined “Significant recent across-the-board progress”. How ‘significant’ is this progress, from the company’s flagship Tulu Kapi gold project in Ethiopia, from a 0.465p share price, just over £37 million market cap?
Steve Moore writes: Kefi Gold & Copper (KEFI) has announced that its, currently 15%-owned, joint venture in Saudi Arabia is a 50:50 part of the winning tender for the 910km2 Al Hajar North Exploration Licence after being “selected from 18 multi-billion-dollar groups that participated in the tenders for five mineralised belts”. This should bode further well for the end-result of Kefi “currently engaging with a number of parties with a view… to potentially replace Kefi’s position” in the company’s overall Saudi Arabia joint venture.
Steve Moore writes: Kefi Gold & Copper (KEFI) has issued a “Co-Lenders’ Boards and Committees Approve Project”-titled announcement related to its key Tulu Kapi gold project in Ethiopia. How key is the latest development, with the shares currently just over 6% higher at 0.565p in response? It would seem massive...
Steve Moore writes: Kefi Gold & Copper (KEFI) has issued a Tulu Kapi project financing update, commencing that it “is pleased to report that approvals and other preparations are progressing well towards an all-parties signing of the Tulu Kapi Gold Project financing and the launch of Major Works… Definitive Agreements being assembled by 31 March 2025”. That will be a major catalyst from a current 0.525p share price, just over £40 million market cap!
